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%17%
1 years$62,347$61,792$61,250$60,721$60,205$58,489
2 years$30,865$30,290$29,733$29,193$28,669$26,953
3 years$20,372$19,795$19,239$18,704$18,189$16,527
4 years$15,127$14,551$14,001$13,475$12,972$11,378
5 years$11,981$11,408$10,866$10,350$9,861$8,338
6 years$9,884$9,316$8,781$8,277$7,803$6,353
7 years$8,386$7,823$7,297$6,805$6,346$4,968
8 years$7,264$6,706$6,188$5,709$5,265$3,959
9 years$6,392$5,839$5,330$4,863$4,434$3,199
10 years$5,694$5,147$4,647$4,192$3,778$2,612
11 years$5,124$4,582$4,091$3,648$3,249$2,150
12 years$4,649$4,112$3,631$3,200$2,815$1,782
13 years$4,247$3,716$3,244$2,825$2,455$1,484
14 years$3,903$3,378$2,915$2,508$2,152$1,242
15 years$3,605$3,086$2,631$2,236$1,895$1,042
16 years$3,345$2,831$2,386$2,002$1,675$878
17 years$3,115$2,608$2,171$1,799$1,485$741
18 years$2,912$2,409$1,982$1,621$1,320$626
19 years$2,730$2,233$1,814$1,465$1,177$530
20 years$2,566$2,075$1,665$1,327$1,051$450
21 years$2,418$1,933$1,532$1,204$941$382
22 years$2,284$1,804$1,412$1,095$843$325
23 years$2,161$1,687$1,303$997$757$276
24 years$2,049$1,581$1,205$909$680$235
25 years$1,947$1,484$1,116$831$612$200
26 years$1,852$1,394$1,035$759$551$171
27 years$1,764$1,312$961$695$497$145
28 years$1,683$1,237$894$637$449$124
29 years$1,607$1,167$832$584$405$106
30 years$1,537$1,102$775$536$366$90
31 years$1,471$1,042$722$492$331$77
32 years$1,410$985$674$452$299$66
33 years$1,352$933$629$416$271$56
34 years$1,298$885$588$383$245$48
35 years$1,247$839$550$352$222$41
36 years$1,199$796$514$325$201$35
37 years$1,154$756$481$299$182$30
38 years$1,111$719$451$276$165$26
39 years$1,071$683$422$254$150$22
40 years$1,032$650$396$234$136$19
41 years$996$619$371$216$123$16
42 years$961$590$348$200$112$14
43 years$928$562$327$184$102$12
44 years$897$535$307$170$92$10
45 years$867$511$288$157$84$9
46 years$839$487$270$145$76$7
47 years$812$465$254$134$69$6
48 years$786$444$239$124$63$5
49 years$761$424$224$114$57$5
50 years$737$405$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $755,000, adding $2,819 every year, while hoping to spend $22,211 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: 84/9/7 Blend
57$755,000$755,000$755,000$755,000
58$834,918$794,903$783,200$904,305
59$896,447$810,221$785,805$965,350
60$963,508$825,545$787,753$1,029,083
61$1,036,641$840,852$788,998$1,098,387
62$1,116,442$856,117$789,493$1,173,807
63$1,203,565$871,313$789,187$1,255,944
64$1,298,732$886,411$788,028$1,345,458
65$1,402,737$901,379$785,962$1,443,077
66$1,516,454$916,185$782,929$1,549,604
67$1,640,845$930,790$778,870$1,665,921
68$1,776,970$945,158$773,721$1,793,001
69$1,925,996$959,245$767,415$1,931,915
70$2,089,207$973,007$759,883$2,083,845
71$2,268,018$986,397$751,051$2,250,089
72$2,463,988$999,363$740,844$2,432,080
73$2,678,834$1,011,850$729,180$2,631,396
74$2,914,444$1,023,800$715,977$2,849,775
75$3,172,901$1,035,149$701,146$3,089,131
76$3,456,497$1,045,833$684,595$3,351,576
77$3,767,760$1,055,778$666,229$3,639,432
78$4,109,470$1,064,910$645,946$3,955,261
79$4,484,693$1,073,148$623,642$4,301,886
80$4,896,804$1,080,405$599,207$4,682,414
81$5,349,523$1,086,589$572,525$5,100,273
82$5,846,946$1,091,604$543,477$5,559,236
83$6,393,588$1,095,346$511,936$6,063,462
84$6,994,420$1,097,703$477,772$6,617,536
85$7,654,920$1,098,560$440,847$7,226,507
86$8,381,124$1,097,792$401,017$7,895,940
87$9,179,681$1,095,266$358,133$8,631,966
88$10,057,916$1,090,842$312,039$9,441,343
89$11,023,902$1,084,372$262,571$10,331,516
90$12,086,531$1,075,697$209,558$11,310,691
91$13,255,601$1,064,650$152,822$12,387,908
92$14,541,908$1,051,053$92,177$13,573,131
93$15,957,347$1,034,719$27,429$14,877,339
94$17,515,023$1,015,447$0$16,312,632
95$19,229,379$993,027$0$17,895,453
96$21,116,325$967,235$0$19,639,772
97$23,193,394$937,834$0$21,559,745
98$25,479,905$904,573$0$23,673,231
99$27,997,145$867,186$0$25,999,910
100$30,768,570$825,395$0$28,561,469