Can I retire at age 58 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$62,099$61,546$61,007$60,480$59,966$59,045
2 years$30,742$30,170$29,615$29,077$28,555$27,630
3 years$20,291$19,716$19,163$18,630$18,116$17,215
4 years$15,067$14,494$13,946$13,422$12,921$12,051
5 years$11,933$11,363$10,822$10,309$9,822$8,986
6 years$9,844$9,279$8,746$8,244$7,772$6,970
7 years$8,353$7,792$7,268$6,778$6,321$5,554
8 years$7,235$6,679$6,164$5,686$5,244$4,511
9 years$6,366$5,816$5,309$4,843$4,416$3,718
10 years$5,671$5,126$4,628$4,175$3,763$3,098
11 years$5,103$4,564$4,075$3,633$3,236$2,605
12 years$4,630$4,096$3,616$3,187$2,804$2,205
13 years$4,230$3,702$3,231$2,814$2,445$1,878
14 years$3,888$3,365$2,903$2,498$2,144$1,607
15 years$3,591$3,074$2,621$2,227$1,887$1,380
16 years$3,332$2,820$2,376$1,994$1,668$1,189
17 years$3,103$2,597$2,162$1,792$1,479$1,028
18 years$2,900$2,400$1,974$1,615$1,315$890
19 years$2,719$2,224$1,807$1,459$1,172$773
20 years$2,556$2,067$1,658$1,322$1,047$672
21 years$2,409$1,925$1,525$1,199$937$585
22 years$2,275$1,797$1,406$1,091$840$510
23 years$2,153$1,681$1,298$993$754$445
24 years$2,041$1,575$1,201$906$678$389
25 years$1,939$1,478$1,112$827$610$340
26 years$1,844$1,389$1,031$756$549$298
27 years$1,757$1,307$958$692$495$261
28 years$1,676$1,232$890$634$447$228
29 years$1,601$1,162$828$582$403$200
30 years$1,531$1,097$772$534$365$176
31 years$1,465$1,037$719$490$330$154
32 years$1,404$982$671$451$298$135
33 years$1,347$930$627$414$270$119
34 years$1,293$881$586$381$244$104
35 years$1,242$836$547$351$221$91
36 years$1,194$793$512$323$200$80
37 years$1,149$753$479$298$182$71
38 years$1,107$716$449$275$165$62
39 years$1,066$681$421$253$149$54
40 years$1,028$648$394$233$135$48
41 years$992$617$370$215$123$42
42 years$957$587$347$199$112$37
43 years$925$559$325$184$101$33
44 years$893$533$305$169$92$29
45 years$864$509$287$156$83$25
46 years$835$485$269$145$76$22
47 years$808$463$253$134$69$19
48 years$783$442$238$123$62$17
49 years$758$422$224$114$57$15
50 years$734$403$210$105$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $752,000, adding $5,370 every year, while hoping to spend $32,874 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: 44/29/27 Blend
57$752,000$752,000$752,000$752,000
58$834,243$794,387$782,731$864,208
59$884,358$798,334$773,975$890,026
60$938,483$801,373$763,824$914,437
61$996,993$803,425$752,196$940,264
62$1,060,298$804,404$739,006$967,656
63$1,128,850$804,222$724,165$996,782
64$1,203,148$802,785$707,580$1,027,827
65$1,283,738$799,990$689,152$1,060,999
66$1,371,221$795,730$668,780$1,096,528
67$1,466,258$789,894$646,357$1,134,670
68$1,569,576$782,359$621,770$1,175,710
69$1,681,977$772,998$594,904$1,219,965
70$1,804,340$761,677$565,634$1,267,788
71$1,937,635$748,250$533,835$1,319,567
72$2,082,926$732,568$499,371$1,375,737
73$2,241,389$714,468$462,104$1,436,780
74$2,414,314$693,780$421,888$1,503,228
75$2,603,123$670,324$378,570$1,575,674
76$2,809,380$643,909$331,991$1,654,774
77$3,034,810$614,333$281,986$1,741,256
78$3,281,307$581,382$228,379$1,835,927
79$3,550,961$544,831$170,990$1,939,679
80$3,846,071$504,439$109,631$2,053,501
81$4,169,169$459,956$44,102$2,178,491
82$4,523,043$411,112$0$2,315,861
83$4,910,764$357,627$0$2,474,396
84$5,335,713$299,202$0$2,662,183
85$5,801,615$235,522$0$2,868,212
86$6,312,570$166,253$0$3,094,371
87$6,873,098$91,045$0$3,342,744
88$7,488,173$9,526$0$3,615,629
89$8,163,279$0$0$3,915,565
90$8,904,451$0$0$4,270,466
91$9,718,341$0$0$4,663,620
92$10,612,275$0$0$5,095,540
93$11,594,324$0$0$5,570,137
94$12,673,380$0$0$6,091,720
95$13,859,237$0$0$6,665,038
96$15,162,687$0$0$7,295,321
97$16,595,617$0$0$7,988,332
98$18,171,126$0$0$8,750,421
99$19,903,644$0$0$9,588,581
100$21,809,068$0$0$10,510,521