Can I retire at age 58 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$61,852$61,301$60,763$60,239$59,726$58,141
2 years$30,620$30,049$29,497$28,961$28,441$26,855
3 years$20,210$19,638$19,086$18,556$18,044$16,507
4 years$15,007$14,436$13,890$13,368$12,869$11,393
5 years$11,885$11,318$10,779$10,268$9,783$8,371
6 years$9,805$9,242$8,711$8,211$7,741$6,395
7 years$8,320$7,761$7,239$6,751$6,295$5,016
8 years$7,206$6,653$6,139$5,663$5,223$4,009
9 years$6,341$5,792$5,288$4,824$4,398$3,249
10 years$5,649$5,106$4,610$4,158$3,748$2,661
11 years$5,083$4,545$4,059$3,619$3,223$2,198
12 years$4,612$4,080$3,602$3,174$2,793$1,827
13 years$4,213$3,687$3,218$2,802$2,436$1,527
14 years$3,872$3,351$2,891$2,488$2,135$1,282
15 years$3,577$3,061$2,611$2,219$1,880$1,080
16 years$3,318$2,809$2,367$1,986$1,661$912
17 years$3,091$2,587$2,154$1,785$1,473$773
18 years$2,889$2,390$1,966$1,608$1,310$656
19 years$2,708$2,215$1,800$1,453$1,167$558
20 years$2,546$2,059$1,652$1,316$1,043$475
21 years$2,399$1,917$1,519$1,195$933$405
22 years$2,266$1,790$1,400$1,086$836$345
23 years$2,144$1,674$1,293$989$751$295
24 years$2,033$1,568$1,196$902$675$252
25 years$1,931$1,472$1,108$824$607$216
26 years$1,837$1,383$1,027$753$547$184
27 years$1,750$1,302$954$690$493$158
28 years$1,669$1,227$887$632$445$135
29 years$1,594$1,157$825$579$402$116
30 years$1,525$1,093$769$532$363$99
31 years$1,459$1,033$717$488$328$85
32 years$1,399$978$669$449$297$73
33 years$1,341$926$624$413$269$63
34 years$1,288$878$583$380$243$54
35 years$1,237$832$545$350$220$46
36 years$1,190$790$510$322$200$39
37 years$1,145$750$477$297$181$34
38 years$1,102$713$447$273$164$29
39 years$1,062$678$419$252$149$25
40 years$1,024$645$393$233$135$21
41 years$988$614$368$215$122$18
42 years$954$585$345$198$111$16
43 years$921$557$324$183$101$14
44 years$890$531$304$169$92$12
45 years$860$506$286$156$83$10
46 years$832$483$268$144$75$9
47 years$805$461$252$133$68$7
48 years$779$440$237$123$62$6
49 years$755$420$223$114$56$5
50 years$731$402$209$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $749,000, adding $5,563 every year, while hoping to spend $40,075 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: 57/25/18 Blend
57$749,000$749,000$749,000$749,000
58$831,136$791,439$779,830$874,258
59$873,273$787,580$763,315$900,338
60$918,364$782,189$744,903$923,926
61$966,669$775,148$724,489$948,730
62$1,018,472$766,333$701,962$974,876
63$1,074,085$755,612$677,207$1,002,505
64$1,133,850$742,846$650,101$1,031,771
65$1,198,142$727,885$620,519$1,062,849
66$1,267,374$710,573$588,329$1,095,932
67$1,341,999$690,744$553,391$1,131,235
68$1,422,515$668,222$515,561$1,168,997
69$1,509,468$642,821$474,688$1,209,487
70$1,603,458$614,344$430,615$1,252,998
71$1,705,146$582,582$383,176$1,299,862
72$1,815,257$547,315$332,199$1,350,445
73$1,934,590$508,310$277,504$1,405,152
74$2,064,021$465,320$218,903$1,464,436
75$2,204,516$418,085$156,201$1,528,798
76$2,357,135$366,330$89,192$1,598,794
77$2,523,045$309,762$17,662$1,675,041
78$2,703,531$248,076$0$1,758,224
79$2,900,005$180,946$0$1,860,371
80$3,114,022$108,028$0$1,975,408
81$3,347,292$28,962$0$2,100,917
82$3,601,699$0$0$2,237,980
83$3,879,314$0$0$2,403,375
84$4,182,419$0$0$2,592,716
85$4,513,524$0$0$2,799,611
86$4,875,393$0$0$3,025,797
87$5,271,069$0$0$3,273,184
88$5,703,904$0$0$3,543,874
89$6,177,587$0$0$3,840,186
90$6,696,179$0$0$4,164,668
91$7,264,155$0$0$4,520,130
92$7,886,441$0$0$4,909,665
93$8,568,463$0$0$5,336,680
94$9,316,195$0$0$5,804,927
95$10,136,219$0$0$6,318,538
96$11,035,783$0$0$6,882,065
97$12,022,871$0$0$7,500,521
98$13,106,278$0$0$8,179,429
99$14,295,690$0$0$8,924,872
100$15,601,778$0$0$9,743,551