Can I retire at age 58 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$61,934$61,383$60,844$60,319$59,806$58,479
2 years$30,661$30,090$29,536$29,000$28,479$27,149
3 years$20,237$19,664$19,112$18,580$18,068$16,777
4 years$15,027$14,455$13,909$13,386$12,886$11,643
5 years$11,901$11,333$10,794$10,282$9,796$8,605
6 years$9,818$9,254$8,723$8,222$7,751$6,613
7 years$8,331$7,772$7,249$6,760$6,304$5,219
8 years$7,216$6,662$6,147$5,671$5,230$4,198
9 years$6,349$5,800$5,295$4,830$4,404$3,425
10 years$5,656$5,113$4,616$4,164$3,753$2,824
11 years$5,090$4,551$4,064$3,624$3,227$2,349
12 years$4,618$4,085$3,607$3,179$2,797$1,967
13 years$4,219$3,692$3,222$2,806$2,439$1,656
14 years$3,877$3,356$2,895$2,491$2,138$1,401
15 years$3,581$3,066$2,614$2,222$1,882$1,189
16 years$3,323$2,813$2,370$1,989$1,664$1,013
17 years$3,095$2,590$2,157$1,787$1,475$865
18 years$2,892$2,394$1,969$1,611$1,312$740
19 years$2,712$2,218$1,802$1,455$1,169$634
20 years$2,549$2,061$1,654$1,318$1,044$544
21 years$2,402$1,920$1,521$1,196$934$468
22 years$2,269$1,792$1,402$1,088$838$403
23 years$2,147$1,676$1,295$991$752$347
24 years$2,036$1,571$1,197$903$676$299
25 years$1,934$1,474$1,109$825$608$258
26 years$1,839$1,385$1,029$754$548$223
27 years$1,752$1,304$955$691$494$192
28 years$1,672$1,228$888$633$446$166
29 years$1,597$1,159$826$580$402$144
30 years$1,527$1,094$770$532$364$124
31 years$1,461$1,035$717$489$329$107
32 years$1,400$979$669$449$297$93
33 years$1,343$927$625$413$269$80
34 years$1,289$879$584$380$244$70
35 years$1,239$833$546$350$221$60
36 years$1,191$791$511$322$200$52
37 years$1,146$751$478$297$181$45
38 years$1,104$714$448$274$164$39
39 years$1,063$679$419$252$149$34
40 years$1,025$646$393$233$135$29
41 years$989$615$369$215$123$25
42 years$955$586$346$198$111$22
43 years$922$558$324$183$101$19
44 years$891$532$305$169$92$17
45 years$861$507$286$156$83$14
46 years$833$484$269$144$76$12
47 years$806$462$252$133$69$11
48 years$780$441$237$123$62$9
49 years$756$421$223$114$57$8
50 years$732$402$210$105$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $750,000, adding $2,387 every year, while hoping to spend $54,090 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: 45/35/20 Blend
57$750,000$750,000$750,000$750,000
58$828,962$789,212$777,587$861,397
59$855,965$770,332$746,085$865,531
60$883,909$748,714$711,715$864,473
61$912,834$724,167$674,323$862,206
62$942,780$696,488$633,750$858,642
63$973,791$665,464$589,828$853,689
64$1,005,912$630,866$542,382$847,252
65$1,039,193$592,457$491,230$839,229
66$1,073,685$549,981$436,180$829,512
67$1,109,443$503,173$377,034$817,990
68$1,146,525$451,747$313,583$804,545
69$1,184,993$395,404$245,611$789,052
70$1,224,912$333,829$172,888$771,381
71$1,266,353$266,687$95,180$751,396
72$1,309,391$193,624$12,239$728,953
73$1,354,105$114,268$0$703,902
74$1,400,582$28,226$0$692,361
75$1,448,913$0$0$681,735
76$1,499,196$0$0$694,298
77$1,551,536$0$0$718,706
78$1,606,047$0$0$744,140
79$1,662,850$0$0$770,662
80$1,722,076$0$0$798,332
81$1,783,866$0$0$827,221
82$1,848,371$0$0$857,402
83$1,915,757$0$0$888,953
84$1,986,200$0$0$921,962
85$2,059,892$0$0$956,521
86$2,137,039$0$0$992,732
87$2,217,868$0$0$1,030,704
88$2,302,621$0$0$1,070,555
89$2,391,562$0$0$1,112,415
90$2,484,979$0$0$1,156,423
91$2,583,183$0$0$1,202,732
92$2,686,513$0$0$1,251,508
93$2,795,337$0$0$1,302,931
94$2,910,058$0$0$1,357,198
95$3,031,113$0$0$1,414,523
96$3,158,979$0$0$1,475,140
97$3,294,175$0$0$1,539,305
98$3,437,271$0$0$1,607,296
99$3,588,885$0$0$1,679,419
100$3,749,696$0$0$1,756,005