Can I retire at age 58 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$62,512$61,956$61,412$60,882$60,364$59,809
2 years$30,947$30,370$29,812$29,270$28,745$28,185
3 years$20,426$19,847$19,290$18,754$18,237$17,690
4 years$15,167$14,590$14,038$13,511$13,007$12,477
5 years$12,012$11,439$10,894$10,378$9,888$9,377
6 years$9,910$9,341$8,804$8,299$7,824$7,333
7 years$8,409$7,844$7,316$6,823$6,363$5,892
8 years$7,283$6,724$6,205$5,724$5,278$4,827
9 years$6,408$5,854$5,344$4,875$4,445$4,014
10 years$5,709$5,160$4,659$4,203$3,788$3,375
11 years$5,137$4,594$4,102$3,658$3,257$2,864
12 years$4,661$4,123$3,640$3,208$2,823$2,448
13 years$4,258$3,726$3,252$2,832$2,462$2,105
14 years$3,913$3,387$2,922$2,514$2,158$1,819
15 years$3,615$3,094$2,638$2,242$1,900$1,579
16 years$3,354$2,839$2,392$2,008$1,679$1,375
17 years$3,124$2,614$2,177$1,804$1,489$1,201
18 years$2,919$2,416$1,987$1,626$1,324$1,051
19 years$2,737$2,239$1,819$1,469$1,180$922
20 years$2,573$2,081$1,669$1,330$1,054$811
21 years$2,425$1,938$1,536$1,207$943$714
22 years$2,290$1,809$1,415$1,098$845$630
23 years$2,167$1,692$1,307$1,000$759$556
24 years$2,055$1,585$1,209$912$682$492
25 years$1,952$1,488$1,119$833$614$435
26 years$1,857$1,398$1,038$761$553$385
27 years$1,769$1,316$964$697$498$341
28 years$1,687$1,240$896$639$450$303
29 years$1,611$1,170$834$586$406$269
30 years$1,541$1,105$777$537$367$238
31 years$1,475$1,044$724$494$332$212
32 years$1,413$988$676$454$300$188
33 years$1,356$936$631$417$272$167
34 years$1,301$887$589$384$246$149
35 years$1,250$841$551$353$223$132
36 years$1,202$798$516$325$202$118
37 years$1,157$758$483$300$183$105
38 years$1,114$721$452$276$166$93
39 years$1,073$685$423$255$150$83
40 years$1,035$652$397$235$136$74
41 years$998$621$372$217$124$66
42 years$964$591$349$200$112$58
43 years$931$563$328$185$102$52
44 years$899$537$307$171$92$46
45 years$870$512$289$158$84$41
46 years$841$488$271$146$76$37
47 years$814$466$255$134$69$33
48 years$788$445$239$124$63$29
49 years$763$425$225$115$57$26
50 years$739$406$212$106$52$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $757,000, adding $6,359 every year, while hoping to spend $37,397 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: 64/20/16 Blend
57$757,000$757,000$757,000$757,000
58$840,773$800,652$788,919$890,885
59$886,742$800,094$775,557$924,708
60$936,146$798,255$760,495$956,776
61$989,297$795,033$743,635$990,902
62$1,046,535$790,320$724,877$1,027,288
63$1,108,236$784,000$704,115$1,066,156
64$1,174,812$775,952$681,238$1,107,753
65$1,246,714$766,045$656,132$1,152,352
66$1,324,441$754,143$628,674$1,200,256
67$1,408,539$740,101$598,740$1,251,797
68$1,499,609$723,765$566,196$1,307,347
69$1,598,310$704,971$530,905$1,367,314
70$1,705,370$683,547$492,723$1,432,150
71$1,821,587$659,310$451,498$1,502,356
72$1,947,840$632,067$407,074$1,578,484
73$2,085,095$601,613$359,286$1,661,147
74$2,234,415$567,733$307,963$1,751,020
75$2,396,970$530,196$252,924$1,848,851
76$2,574,046$488,761$193,982$1,955,465
77$2,767,061$443,173$130,943$2,071,777
78$2,977,573$393,160$63,601$2,198,794
79$3,207,298$338,437$0$2,337,633
80$3,458,124$278,702$0$2,490,936
81$3,732,130$213,636$0$2,670,332
82$4,031,605$142,902$0$2,866,495
83$4,359,069$66,144$0$3,081,128
84$4,717,295$0$0$3,316,107
85$5,109,339$0$0$3,577,249
86$5,538,564$0$0$3,879,146
87$6,008,675$0$0$4,209,852
88$6,523,750$0$0$4,572,244
89$7,088,281$0$0$4,969,489
90$7,707,217$0$0$5,405,075
91$8,386,006$0$0$5,882,845
92$9,130,650$0$0$6,407,031
93$9,947,760$0$0$6,982,294
94$10,844,617$0$0$7,613,769
95$11,829,242$0$0$8,307,112
96$12,910,471$0$0$9,068,553
97$14,098,037$0$0$9,904,956
98$15,402,662$0$0$10,823,881
99$16,836,157$0$0$11,833,658
100$18,411,534$0$0$12,943,463