Can I retire at age 58 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$62,347$61,792$61,250$60,721$60,205$58,069
2 years$30,865$30,290$29,733$29,193$28,669$26,540
3 years$20,372$19,795$19,239$18,704$18,189$16,133
4 years$15,127$14,551$14,001$13,475$12,972$11,006
5 years$11,981$11,408$10,866$10,350$9,861$7,990
6 years$9,884$9,316$8,781$8,277$7,803$6,027
7 years$8,386$7,823$7,297$6,805$6,346$4,666
8 years$7,264$6,706$6,188$5,709$5,265$3,679
9 years$6,392$5,839$5,330$4,863$4,434$2,940
10 years$5,694$5,147$4,647$4,192$3,778$2,373
11 years$5,124$4,582$4,091$3,648$3,249$1,931
12 years$4,649$4,112$3,631$3,200$2,815$1,581
13 years$4,247$3,716$3,244$2,825$2,455$1,301
14 years$3,903$3,378$2,915$2,508$2,152$1,075
15 years$3,605$3,086$2,631$2,236$1,895$891
16 years$3,345$2,831$2,386$2,002$1,675$741
17 years$3,115$2,608$2,171$1,799$1,485$617
18 years$2,912$2,409$1,982$1,621$1,320$515
19 years$2,730$2,233$1,814$1,465$1,177$430
20 years$2,566$2,075$1,665$1,327$1,051$360
21 years$2,418$1,933$1,532$1,204$941$301
22 years$2,284$1,804$1,412$1,095$843$252
23 years$2,161$1,687$1,303$997$757$212
24 years$2,049$1,581$1,205$909$680$178
25 years$1,947$1,484$1,116$831$612$149
26 years$1,852$1,394$1,035$759$551$125
27 years$1,764$1,312$961$695$497$105
28 years$1,683$1,237$894$637$449$88
29 years$1,607$1,167$832$584$405$74
30 years$1,537$1,102$775$536$366$63
31 years$1,471$1,042$722$492$331$53
32 years$1,410$985$674$452$299$44
33 years$1,352$933$629$416$271$37
34 years$1,298$885$588$383$245$31
35 years$1,247$839$550$352$222$26
36 years$1,199$796$514$325$201$22
37 years$1,154$756$481$299$182$19
38 years$1,111$719$451$276$165$16
39 years$1,071$683$422$254$150$13
40 years$1,032$650$396$234$136$11
41 years$996$619$371$216$123$9
42 years$961$590$348$200$112$8
43 years$928$562$327$184$102$7
44 years$897$535$307$170$92$6
45 years$867$511$288$157$84$5
46 years$839$487$270$145$76$4
47 years$812$465$254$134$69$3
48 years$786$444$239$124$63$3
49 years$761$424$224$114$57$2
50 years$737$405$211$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $755,000, adding $6,660 every year, while hoping to spend $51,321 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: 56/36/8 Blend
57$755,000$755,000$755,000$755,000
58$838,880$798,865$787,162$883,923
59$869,840$783,404$758,927$899,617
60$902,239$765,466$728,026$910,415
61$936,168$744,874$694,315$920,927
62$971,727$721,443$657,645$931,133
63$1,009,026$694,977$617,859$941,013
64$1,048,182$665,266$574,793$950,547
65$1,089,324$632,091$528,275$959,717
66$1,132,590$595,218$478,127$968,507
67$1,178,132$554,402$424,162$976,902
68$1,226,114$509,381$366,185$984,888
69$1,276,717$459,880$303,992$992,457
70$1,330,137$405,608$237,370$999,601
71$1,386,585$346,257$166,096$1,006,318
72$1,446,296$281,503$89,939$1,012,610
73$1,509,523$211,001$8,657$1,018,483
74$1,576,544$134,390$0$1,023,952
75$1,647,662$51,286$0$1,035,703
76$1,723,209$0$0$1,048,321
77$1,803,547$0$0$1,076,467
78$1,889,074$0$0$1,128,097
79$1,980,224$0$0$1,183,160
80$2,077,473$0$0$1,241,950
81$2,181,342$0$0$1,304,786
82$2,292,403$0$0$1,372,021
83$2,411,282$0$0$1,444,039
84$2,538,665$0$0$1,521,264
85$2,675,307$0$0$1,604,158
86$2,822,034$0$0$1,693,231
87$2,979,753$0$0$1,789,041
88$3,149,460$0$0$1,892,202
89$3,332,249$0$0$2,003,386
90$3,529,322$0$0$2,123,333
91$3,741,997$0$0$2,252,857
92$3,971,725$0$0$2,392,850
93$4,220,098$0$0$2,544,293
94$4,488,868$0$0$2,708,266
95$4,779,959$0$0$2,885,954
96$5,095,488$0$0$3,078,662
97$5,437,783$0$0$3,287,824
98$5,809,402$0$0$3,515,018
99$6,213,161$0$0$3,761,978
100$6,652,156$0$0$4,030,613