Can I retire at age 58 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$61,026$60,482$59,952$59,434$58,929$57,881
2 years$30,211$29,648$29,103$28,574$28,061$27,009
3 years$19,941$19,375$18,832$18,308$17,803$16,780
4 years$14,806$14,243$13,705$13,190$12,697$11,710
5 years$11,727$11,167$10,635$10,131$9,652$8,705
6 years$9,674$9,118$8,595$8,102$7,638$6,730
7 years$8,209$7,658$7,142$6,661$6,211$5,344
8 years$7,110$6,564$6,057$5,588$5,153$4,326
9 years$6,256$5,715$5,217$4,759$4,340$3,553
10 years$5,573$5,038$4,548$4,103$3,698$2,950
11 years$5,015$4,485$4,004$3,571$3,180$2,471
12 years$4,550$4,025$3,554$3,132$2,756$2,084
13 years$4,157$3,638$3,175$2,765$2,403$1,767
14 years$3,820$3,307$2,853$2,454$2,106$1,506
15 years$3,529$3,021$2,576$2,189$1,855$1,288
16 years$3,274$2,771$2,335$1,960$1,639$1,106
17 years$3,049$2,552$2,125$1,761$1,453$951
18 years$2,850$2,358$1,940$1,587$1,292$821
19 years$2,672$2,186$1,776$1,434$1,152$709
20 years$2,512$2,031$1,630$1,299$1,029$614
21 years$2,367$1,892$1,499$1,179$921$532
22 years$2,235$1,766$1,382$1,072$825$462
23 years$2,116$1,652$1,276$976$741$401
24 years$2,006$1,548$1,180$890$666$349
25 years$1,905$1,452$1,093$813$599$304
26 years$1,812$1,365$1,013$743$540$264
27 years$1,727$1,285$941$680$487$230
28 years$1,647$1,210$875$623$439$201
29 years$1,573$1,142$814$572$396$175
30 years$1,504$1,078$758$525$358$153
31 years$1,440$1,019$707$482$324$133
32 years$1,380$965$660$443$293$117
33 years$1,323$913$616$407$265$102
34 years$1,270$866$575$375$240$89
35 years$1,221$821$538$345$217$78
36 years$1,174$779$503$318$197$68
37 years$1,129$740$471$293$179$59
38 years$1,088$704$441$270$162$52
39 years$1,048$669$413$249$147$45
40 years$1,010$636$387$229$133$40
41 years$975$606$363$212$121$35
42 years$941$577$341$195$110$30
43 years$909$550$320$180$99$27
44 years$878$524$300$167$90$23
45 years$849$500$282$154$82$20
46 years$821$477$265$142$74$18
47 years$794$455$249$131$68$16
48 years$769$434$234$121$61$14
49 years$745$415$220$112$56$12
50 years$722$396$206$104$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $739,000, adding $3,555 every year, while hoping to spend $28,341 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: 52/21/27 Blend
57$739,000$739,000$739,000$739,000
58$818,045$778,878$767,423$854,232
59$871,331$786,888$762,978$887,739
60$929,102$794,341$757,433$921,007
61$991,786$801,180$750,723$956,633
62$1,059,854$807,343$742,777$994,852
63$1,133,821$812,765$733,522$1,035,926
64$1,214,258$817,378$722,883$1,080,144
65$1,301,791$821,108$710,777$1,127,828
66$1,397,107$823,876$697,122$1,179,330
67$1,500,966$825,599$681,830$1,235,043
68$1,614,201$826,190$664,807$1,295,399
69$1,737,730$825,554$645,959$1,360,878
70$1,872,564$823,592$625,184$1,432,007
71$2,019,815$820,197$602,377$1,509,373
72$2,180,707$815,258$577,428$1,593,620
73$2,356,589$808,655$550,221$1,685,464
74$2,548,945$800,263$520,637$1,785,693
75$2,759,408$789,946$488,549$1,895,180
76$2,989,778$777,564$453,826$2,014,888
77$3,242,037$762,966$416,331$2,145,880
78$3,518,366$745,993$375,919$2,289,332
79$3,821,168$726,476$332,442$2,446,542
80$4,153,090$704,236$285,741$2,618,943
81$4,517,046$679,084$235,654$2,808,119
82$4,916,246$650,821$182,010$3,015,818
83$5,354,227$619,234$124,631$3,243,969
84$5,834,881$584,100$63,330$3,494,703
85$6,362,500$545,182$0$3,770,371
86$6,941,809$502,230$0$4,074,173
87$7,578,013$454,978$0$4,427,880
88$8,276,846$403,148$0$4,816,454
89$9,044,625$346,443$0$5,243,448
90$9,888,308$284,551$0$5,712,780
91$10,815,564$217,142$0$6,228,772
92$11,834,836$143,867$0$6,796,184
93$12,955,432$64,358$0$7,420,269
94$14,187,601$0$0$8,106,814
95$15,542,639$0$0$8,867,232
96$17,032,990$0$0$9,720,024
97$18,672,365$0$0$10,658,174
98$20,475,869$0$0$11,690,336
99$22,460,146$0$0$12,826,047
100$24,643,535$0$0$14,075,814