Can I retire at age 58 with 736,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$60,778$60,237$59,709$59,193$58,690$57,528
2 years$30,088$29,528$28,985$28,458$27,947$26,782
3 years$19,860$19,297$18,755$18,233$17,731$16,598
4 years$14,746$14,185$13,649$13,136$12,646$11,555
5 years$11,679$11,121$10,592$10,090$9,613$8,566
6 years$9,635$9,081$8,560$8,069$7,607$6,605
7 years$8,175$7,627$7,113$6,634$6,186$5,230
8 years$7,081$6,537$6,033$5,565$5,132$4,222
9 years$6,231$5,692$5,196$4,740$4,322$3,457
10 years$5,551$5,017$4,530$4,086$3,683$2,861
11 years$4,995$4,467$3,988$3,556$3,167$2,389
12 years$4,532$4,009$3,539$3,119$2,745$2,008
13 years$4,140$3,623$3,162$2,754$2,393$1,698
14 years$3,805$3,293$2,841$2,444$2,098$1,442
15 years$3,515$3,008$2,565$2,180$1,847$1,229
16 years$3,261$2,760$2,326$1,952$1,633$1,051
17 years$3,037$2,542$2,116$1,754$1,448$901
18 years$2,838$2,349$1,932$1,581$1,287$774
19 years$2,661$2,177$1,769$1,428$1,147$667
20 years$2,501$2,023$1,623$1,293$1,025$575
21 years$2,357$1,884$1,493$1,174$917$497
22 years$2,226$1,759$1,376$1,067$822$429
23 years$2,107$1,645$1,271$972$738$372
24 years$1,998$1,541$1,175$887$663$322
25 years$1,898$1,446$1,088$810$597$279
26 years$1,805$1,359$1,009$740$538$242
27 years$1,720$1,279$937$678$485$210
28 years$1,640$1,206$871$621$437$182
29 years$1,567$1,137$811$569$395$158
30 years$1,498$1,074$755$523$357$138
31 years$1,434$1,015$704$480$323$120
32 years$1,374$961$657$441$292$104
33 years$1,318$910$613$406$264$91
34 years$1,265$862$573$373$239$79
35 years$1,216$818$536$344$217$68
36 years$1,169$776$501$316$196$60
37 years$1,125$737$469$291$178$52
38 years$1,083$701$439$269$161$45
39 years$1,044$666$412$248$146$39
40 years$1,006$634$386$228$133$34
41 years$971$603$362$211$120$30
42 years$937$575$339$195$109$26
43 years$905$548$318$180$99$23
44 years$874$522$299$166$90$20
45 years$845$498$281$153$82$17
46 years$818$475$264$141$74$15
47 years$791$453$248$131$67$13
48 years$766$433$233$121$61$11
49 years$742$413$219$112$56$10
50 years$719$395$206$103$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $736,000, adding $2,215 every year, while hoping to spend $54,262 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 59/15/26 Blend
57$736,000$736,000$736,000$736,000
58$813,357$774,349$762,941$855,508
59$838,585$754,558$730,765$864,726
60$864,567$731,978$695,693$868,781
61$891,324$706,416$657,569$872,055
62$918,876$677,666$616,234$874,484
63$947,241$645,512$571,518$876,004
64$976,441$609,724$523,245$876,544
65$1,006,496$570,058$471,231$876,028
66$1,037,425$526,257$415,285$874,380
67$1,069,250$478,051$355,204$871,514
68$1,101,990$425,153$290,780$867,344
69$1,135,666$367,258$221,794$861,775
70$1,170,296$304,046$148,017$854,709
71$1,205,901$235,179$69,210$846,041
72$1,242,499$160,298$0$835,661
73$1,280,108$79,027$0$827,581
74$1,318,745$0$0$838,306
75$1,358,428$0$0$850,050
76$1,399,171$0$0$875,495
77$1,440,989$0$0$901,607
78$1,483,895$0$0$928,391
79$1,527,898$0$0$955,854
80$1,573,007$0$0$984,000
81$1,619,230$0$0$1,012,833
82$1,666,570$0$0$1,042,354
83$1,715,026$0$0$1,072,561
84$1,764,597$0$0$1,103,452
85$1,815,275$0$0$1,135,020
86$1,867,049$0$0$1,167,258
87$1,919,903$0$0$1,200,152
88$1,973,814$0$0$1,233,688
89$2,028,753$0$0$1,267,844
90$2,084,684$0$0$1,302,597
91$2,141,564$0$0$1,337,915
92$2,199,340$0$0$1,373,763
93$2,257,947$0$0$1,410,098
94$2,317,313$0$0$1,446,870
95$2,377,348$0$0$1,484,020
96$2,437,953$0$0$1,521,482
97$2,499,010$0$0$1,559,176
98$2,560,386$0$0$1,597,013
99$2,621,925$0$0$1,634,892
100$2,683,454$0$0$1,672,697