Can I retire at age 58 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$62,182$61,628$61,088$60,560$60,045$59,667
2 years$30,783$30,210$29,654$29,116$28,593$28,211
3 years$20,318$19,742$19,188$18,655$18,141$17,767
4 years$15,087$14,513$13,964$13,440$12,938$12,576
5 years$11,949$11,378$10,837$10,323$9,835$9,486
6 years$9,857$9,291$8,758$8,255$7,782$7,446
7 years$8,364$7,803$7,278$6,787$6,329$6,006
8 years$7,245$6,688$6,172$5,694$5,251$4,940
9 years$6,375$5,823$5,316$4,850$4,422$4,125
10 years$5,679$5,133$4,635$4,180$3,768$3,483
11 years$5,110$4,570$4,080$3,638$3,240$2,969
12 years$4,636$4,101$3,621$3,191$2,808$2,549
13 years$4,236$3,707$3,235$2,817$2,449$2,201
14 years$3,893$3,369$2,907$2,501$2,146$1,911
15 years$3,596$3,078$2,624$2,230$1,890$1,666
16 years$3,336$2,824$2,379$1,997$1,670$1,458
17 years$3,107$2,601$2,165$1,794$1,481$1,279
18 years$2,904$2,403$1,977$1,617$1,317$1,126
19 years$2,722$2,227$1,809$1,461$1,174$993
20 years$2,559$2,070$1,661$1,323$1,048$877
21 years$2,412$1,928$1,527$1,201$938$777
22 years$2,278$1,799$1,408$1,092$841$689
23 years$2,156$1,683$1,300$995$755$611
24 years$2,044$1,577$1,202$907$678$543
25 years$1,941$1,480$1,113$828$611$483
26 years$1,847$1,391$1,033$757$550$430
27 years$1,759$1,309$959$693$496$383
28 years$1,678$1,233$891$635$447$342
29 years$1,603$1,164$830$583$404$305
30 years$1,533$1,099$773$535$365$272
31 years$1,467$1,039$720$491$330$243
32 years$1,406$983$672$451$299$217
33 years$1,349$931$628$415$270$194
34 years$1,295$882$586$382$245$174
35 years$1,244$837$548$351$222$155
36 years$1,196$794$513$324$201$139
37 years$1,151$754$480$298$182$124
38 years$1,108$717$449$275$165$111
39 years$1,068$682$421$253$150$100
40 years$1,029$649$395$234$136$89
41 years$993$617$370$216$123$80
42 years$959$588$347$199$112$72
43 years$926$560$326$184$101$64
44 years$895$534$306$170$92$58
45 years$865$509$287$157$84$52
46 years$837$486$270$145$76$46
47 years$809$464$253$134$69$41
48 years$784$443$238$124$63$37
49 years$759$423$224$114$57$33
50 years$735$404$210$106$52$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $753,000, adding $6,000 every year, while hoping to spend $59,790 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: 31/47/22 Blend
57$753,000$753,000$753,000$753,000
58$835,995$796,086$784,415$856,055
59$857,650$771,478$747,076$847,161
60$879,511$743,661$706,483$831,808
61$901,534$712,413$662,463$814,045
62$923,671$677,502$614,837$793,699
63$945,867$638,681$563,415$770,586
64$968,058$595,689$508,003$744,513
65$990,173$548,251$448,394$715,271
66$1,012,130$496,074$384,374$682,641
67$1,033,837$438,851$315,720$646,388
68$1,055,189$376,256$242,198$606,264
69$1,076,071$307,945$163,563$562,003
70$1,096,349$233,554$79,562$513,323
71$1,115,878$152,699$0$459,926
72$1,134,491$64,974$0$403,857
73$1,152,003$0$0$362,495
74$1,168,208$0$0$332,390
75$1,182,875$0$0$335,300
76$1,195,747$0$0$337,530
77$1,206,537$0$0$338,981
78$1,214,925$0$0$339,541
79$1,220,556$0$0$339,086
80$1,223,036$0$0$337,480
81$1,221,925$0$0$334,570
82$1,216,736$0$0$330,187
83$1,206,928$0$0$324,144
84$1,191,902$0$0$316,233
85$1,170,992$0$0$306,225
86$1,143,460$0$0$293,865
87$1,108,491$0$0$278,871
88$1,065,179$0$0$260,931
89$1,012,524$0$0$239,699
90$949,417$0$0$214,795
91$874,632$0$0$185,797
92$786,812$0$0$152,236
93$684,458$0$0$113,599
94$565,913$0$0$69,314
95$429,342$0$0$18,752
96$272,720$0$0$0
97$93,810$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0