Can I retire at age 58 with 737,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$60,861$60,319$59,790$59,274$58,769$57,140
2 years$30,129$29,568$29,024$28,497$27,985$26,356
3 years$19,887$19,323$18,781$18,258$17,755$16,177
4 years$14,766$14,204$13,667$13,154$12,663$11,148
5 years$11,695$11,136$10,606$10,104$9,626$8,178
6 years$9,648$9,094$8,572$8,080$7,617$6,238
7 years$8,187$7,637$7,123$6,643$6,195$4,884
8 years$7,091$6,546$6,041$5,573$5,139$3,896
9 years$6,239$5,700$5,203$4,747$4,328$3,152
10 years$5,558$5,024$4,536$4,092$3,688$2,577
11 years$5,001$4,473$3,994$3,561$3,171$2,124
12 years$4,538$4,014$3,544$3,123$2,748$1,763
13 years$4,146$3,628$3,166$2,758$2,397$1,470
14 years$3,810$3,298$2,845$2,448$2,101$1,232
15 years$3,519$3,012$2,569$2,183$1,850$1,035
16 years$3,265$2,764$2,329$1,955$1,635$873
17 years$3,041$2,545$2,119$1,756$1,449$738
18 years$2,842$2,352$1,935$1,583$1,289$625
19 years$2,665$2,180$1,771$1,430$1,149$530
20 years$2,505$2,026$1,625$1,295$1,026$450
21 years$2,360$1,887$1,495$1,176$918$383
22 years$2,229$1,761$1,378$1,069$823$326
23 years$2,110$1,647$1,272$973$739$278
24 years$2,001$1,543$1,177$888$664$237
25 years$1,900$1,448$1,090$811$598$202
26 years$1,808$1,361$1,011$741$538$172
27 years$1,722$1,281$939$679$485$147
28 years$1,643$1,207$872$622$438$126
29 years$1,569$1,139$812$570$395$107
30 years$1,500$1,075$756$523$357$92
31 years$1,436$1,017$705$481$323$79
32 years$1,376$962$658$442$292$67
33 years$1,320$911$614$406$264$57
34 years$1,267$863$574$374$239$49
35 years$1,217$819$537$344$217$42
36 years$1,171$777$502$317$196$36
37 years$1,126$738$470$292$178$31
38 years$1,085$702$440$269$161$26
39 years$1,045$667$412$248$146$23
40 years$1,008$635$386$229$133$19
41 years$972$604$362$211$120$17
42 years$938$575$340$195$109$14
43 years$906$548$319$180$99$12
44 years$876$523$299$166$90$10
45 years$847$498$281$153$82$9
46 years$819$475$264$142$74$8
47 years$792$454$248$131$67$6
48 years$767$433$233$121$61$6
49 years$743$414$219$112$56$5
50 years$720$395$206$103$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $737,000, adding $6,097 every year, while hoping to spend $33,085 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: 65/9/26 Blend
57$737,000$737,000$737,000$737,000
58$818,463$779,402$767,979$865,712
59$866,744$782,391$758,504$901,328
60$918,841$784,417$747,602$935,995
61$975,108$785,398$735,192$973,147
62$1,035,934$785,248$721,187$1,013,033
63$1,101,748$783,874$705,495$1,055,926
64$1,173,019$781,176$688,022$1,102,127
65$1,250,265$777,052$668,669$1,151,972
66$1,334,055$771,390$647,331$1,205,828
67$1,425,013$764,073$623,902$1,264,105
68$1,523,828$754,976$598,266$1,327,251
69$1,631,256$743,968$570,306$1,395,766
70$1,748,130$730,908$539,897$1,470,198
71$1,875,365$715,648$506,909$1,551,156
72$2,013,969$698,032$471,208$1,639,310
73$2,165,052$677,893$432,651$1,735,400
74$2,329,833$655,056$391,090$1,840,245
75$2,509,656$629,334$346,372$1,954,748
76$2,706,000$600,530$298,334$2,079,906
77$2,920,492$568,436$246,808$2,216,820
78$3,154,924$532,831$191,619$2,366,706
79$3,411,270$493,483$132,581$2,530,907
80$3,691,701$450,145$69,504$2,710,902
81$3,998,609$402,557$2,187$2,908,328
82$4,334,627$350,443$0$3,124,988
83$4,702,657$293,513$0$3,382,197
84$5,105,892$231,458$0$3,664,734
85$5,547,849$163,956$0$3,974,479
86$6,032,401$90,662$0$4,314,174
87$6,563,817$11,215$0$4,686,841
88$7,146,794$0$0$5,095,810
89$7,786,509$0$0$5,552,154
90$8,488,663$0$0$6,054,310
91$9,259,537$0$0$6,605,664
92$10,106,049$0$0$7,211,171
93$11,035,819$0$0$7,876,290
94$12,057,243$0$0$8,607,033
95$13,179,568$0$0$9,410,023
96$14,412,984$0$0$10,292,558
97$15,768,715$0$0$11,262,677
98$17,259,127$0$0$12,329,237
99$18,897,845$0$0$13,501,996
100$20,699,878$0$0$14,791,704