Can I retire at age 58 with 757,000?

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 $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%13.3%
1 years$62,512$61,956$61,412$60,882$60,364$59,536
2 years$30,947$30,370$29,812$29,270$28,745$27,912
3 years$20,426$19,847$19,290$18,754$18,237$17,425
4 years$15,167$14,590$14,038$13,511$13,007$12,222
5 years$12,012$11,439$10,894$10,378$9,888$9,133
6 years$9,910$9,341$8,804$8,299$7,824$7,099
7 years$8,409$7,844$7,316$6,823$6,363$5,669
8 years$7,283$6,724$6,205$5,724$5,278$4,616
9 years$6,408$5,854$5,344$4,875$4,445$3,813
10 years$5,709$5,160$4,659$4,203$3,788$3,185
11 years$5,137$4,594$4,102$3,658$3,257$2,685
12 years$4,661$4,123$3,640$3,208$2,823$2,279
13 years$4,258$3,726$3,252$2,832$2,462$1,946
14 years$3,913$3,387$2,922$2,514$2,158$1,669
15 years$3,615$3,094$2,638$2,242$1,900$1,438
16 years$3,354$2,839$2,392$2,008$1,679$1,242
17 years$3,124$2,614$2,177$1,804$1,489$1,077
18 years$2,919$2,416$1,987$1,626$1,324$935
19 years$2,737$2,239$1,819$1,469$1,180$814
20 years$2,573$2,081$1,669$1,330$1,054$710
21 years$2,425$1,938$1,536$1,207$943$620
22 years$2,290$1,809$1,415$1,098$845$542
23 years$2,167$1,692$1,307$1,000$759$475
24 years$2,055$1,585$1,209$912$682$416
25 years$1,952$1,488$1,119$833$614$365
26 years$1,857$1,398$1,038$761$553$321
27 years$1,769$1,316$964$697$498$282
28 years$1,687$1,240$896$639$450$247
29 years$1,611$1,170$834$586$406$218
30 years$1,541$1,105$777$537$367$191
31 years$1,475$1,044$724$494$332$169
32 years$1,413$988$676$454$300$148
33 years$1,356$936$631$417$272$131
34 years$1,301$887$589$384$246$115
35 years$1,250$841$551$353$223$101
36 years$1,202$798$516$325$202$89
37 years$1,157$758$483$300$183$79
38 years$1,114$721$452$276$166$69
39 years$1,073$685$423$255$150$61
40 years$1,035$652$397$235$136$54
41 years$998$621$372$217$124$48
42 years$964$591$349$200$112$42
43 years$931$563$328$185$102$37
44 years$899$537$307$171$92$33
45 years$870$512$289$158$84$29
46 years$841$488$271$146$76$25
47 years$814$466$255$134$69$22
48 years$788$445$239$124$63$20
49 years$763$425$225$115$57$17
50 years$739$406$212$106$52$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $757,000, adding $5,695 every year, while hoping to spend $35,303 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: 47/27/26 Blend
57$757,000$757,000$757,000$757,000
58$840,088$799,967$788,234$873,086
59$888,215$801,604$777,078$898,514
60$940,068$802,137$764,364$922,188
61$995,989$801,476$750,005$947,191
62$1,056,355$799,523$733,905$973,666
63$1,121,580$796,177$715,968$1,001,772
64$1,192,119$791,327$696,090$1,031,685
65$1,268,470$784,857$674,164$1,063,603
66$1,351,184$776,646$650,079$1,097,746
67$1,440,865$766,561$623,717$1,134,358
68$1,538,178$754,467$594,956$1,173,712
69$1,643,851$740,215$563,666$1,216,110
70$1,758,690$723,652$529,715$1,261,888
71$1,883,579$704,613$492,963$1,311,421
72$2,019,489$682,924$453,262$1,365,123
73$2,167,492$658,402$410,461$1,423,457
74$2,328,764$630,852$364,399$1,486,933
75$2,504,601$600,067$314,911$1,556,121
76$2,696,431$565,831$261,821$1,631,651
77$2,905,823$527,913$204,947$1,714,221
78$3,134,505$486,068$144,101$1,804,608
79$3,384,380$440,041$79,084$1,903,670
80$3,657,541$389,558$9,688$2,012,359
81$3,956,296$334,332$0$2,131,731
82$4,283,183$274,059$0$2,280,812
83$4,640,998$208,418$0$2,447,067
84$5,032,819$137,069$0$2,629,304
85$5,462,036$59,656$0$2,829,176
86$5,932,384$0$0$3,048,510
87$6,447,974$0$0$3,296,513
88$7,013,334$0$0$3,587,976
89$7,633,452$0$0$3,907,758
90$8,313,823$0$0$4,258,703
91$9,060,496$0$0$4,643,943
92$9,880,138$0$0$5,066,930
93$10,780,091$0$0$5,531,464
94$11,768,443$0$0$6,041,734
95$12,854,103$0$0$6,602,352
96$14,046,887$0$0$7,218,400
97$15,357,608$0$0$7,895,478
98$16,798,177$0$0$8,639,753
99$18,381,717$0$0$9,458,020
100$20,122,689$0$0$10,357,767