Can I retire at age 58 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$62,017$61,464$60,926$60,399$59,886$57,830
2 years$30,701$30,130$29,575$29,038$28,517$26,467
3 years$20,264$19,690$19,137$18,605$18,092$16,112
4 years$15,047$14,474$13,927$13,404$12,904$11,008
5 years$11,917$11,348$10,808$10,295$9,809$8,004
6 years$9,831$9,266$8,734$8,233$7,762$6,048
7 years$8,342$7,782$7,258$6,769$6,312$4,690
8 years$7,226$6,671$6,156$5,678$5,237$3,704
9 years$6,358$5,808$5,302$4,837$4,410$2,966
10 years$5,664$5,119$4,622$4,169$3,758$2,399
11 years$5,096$4,558$4,069$3,629$3,232$1,956
12 years$4,624$4,091$3,611$3,183$2,800$1,605
13 years$4,224$3,697$3,227$2,810$2,442$1,323
14 years$3,882$3,360$2,899$2,494$2,141$1,095
15 years$3,586$3,070$2,618$2,224$1,885$910
16 years$3,327$2,816$2,373$1,992$1,666$758
17 years$3,099$2,594$2,159$1,790$1,477$632
18 years$2,896$2,397$1,971$1,613$1,313$529
19 years$2,715$2,221$1,805$1,457$1,171$443
20 years$2,552$2,064$1,656$1,320$1,046$371
21 years$2,405$1,923$1,523$1,198$936$312
22 years$2,272$1,795$1,404$1,089$839$262
23 years$2,150$1,679$1,296$992$753$220
24 years$2,039$1,573$1,199$905$677$185
25 years$1,936$1,476$1,110$826$609$156
26 years$1,842$1,387$1,030$755$548$131
27 years$1,755$1,305$956$691$495$111
28 years$1,674$1,230$889$634$446$93
29 years$1,599$1,160$827$581$403$78
30 years$1,529$1,096$771$533$364$66
31 years$1,463$1,036$718$490$329$56
32 years$1,402$980$670$450$298$47
33 years$1,345$928$626$414$269$40
34 years$1,291$880$585$381$244$33
35 years$1,240$835$547$351$221$28
36 years$1,193$792$511$323$200$24
37 years$1,148$752$479$297$181$20
38 years$1,105$715$448$274$165$17
39 years$1,065$680$420$253$149$14
40 years$1,027$647$394$233$135$12
41 years$991$616$369$215$123$10
42 years$956$586$346$199$111$9
43 years$923$559$325$183$101$7
44 years$892$533$305$169$92$6
45 years$863$508$286$156$83$5
46 years$834$484$269$144$76$4
47 years$807$462$253$133$69$4
48 years$782$441$237$123$62$3
49 years$757$421$223$114$57$3
50 years$733$403$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $751,000, adding $6,048 every year, while hoping to spend $34,178 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: 72/7/21 Blend
57$751,000$751,000$751,000$751,000
58$833,841$794,038$782,397$889,193
59$882,527$796,580$772,242$929,380
60$935,034$798,102$760,602$968,723
61$991,716$798,517$747,390$1,010,958
62$1,052,960$797,733$732,516$1,056,368
63$1,119,193$795,654$715,887$1,105,264
64$1,190,886$792,176$697,404$1,157,990
65$1,268,554$787,190$676,965$1,214,925
66$1,352,764$780,580$654,461$1,276,487
67$1,444,140$772,222$629,779$1,343,137
68$1,543,368$761,987$602,803$1,415,386
69$1,651,204$749,737$573,409$1,493,795
70$1,768,476$735,324$541,468$1,578,984
71$1,896,100$718,593$506,846$1,671,638
72$2,035,078$699,381$469,402$1,772,511
73$2,186,519$677,513$428,989$1,882,437
74$2,351,638$652,805$385,454$2,002,335
75$2,531,775$625,063$338,637$2,133,217
76$2,728,404$594,079$288,370$2,276,204
77$2,943,149$559,637$234,478$2,432,529
78$3,177,796$521,505$176,779$2,603,552
79$3,434,312$479,439$115,082$2,790,776
80$3,714,863$433,183$49,188$2,995,857
81$4,021,832$382,462$0$3,220,622
82$4,357,847$326,990$0$3,471,821
83$4,725,797$266,463$0$3,759,012
84$5,128,867$200,558$0$4,073,663
85$5,570,562$128,936$0$4,418,531
86$6,054,745$51,239$0$4,796,654
87$6,585,668$0$0$5,211,379
88$7,168,015$0$0$5,668,925
89$7,806,946$0$0$6,175,297
90$8,508,144$0$0$6,731,055
91$9,277,867$0$0$7,341,166
92$10,123,012$0$0$8,011,099
93$11,051,174$0$0$8,746,882
94$12,070,720$0$0$9,555,151
95$13,190,869$0$0$10,443,221
96$14,421,774$0$0$11,419,148
97$15,774,622$0$0$12,491,807
98$17,261,739$0$0$13,670,976
99$18,896,702$0$0$14,967,428
100$20,694,471$0$0$16,393,031