Can I retire at age 58 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$62,595$62,037$61,493$60,962$60,444$58,674
2 years$30,988$30,410$29,851$29,309$28,783$27,014
3 years$20,453$19,874$19,316$18,778$18,261$16,548
4 years$15,187$14,609$14,057$13,529$13,024$11,381
5 years$12,028$11,454$10,909$10,391$9,901$8,332
6 years$9,923$9,353$8,816$8,310$7,834$6,341
7 years$8,420$7,855$7,326$6,832$6,371$4,953
8 years$7,293$6,733$6,213$5,731$5,285$3,943
9 years$6,417$5,862$5,351$4,882$4,451$3,182
10 years$5,717$5,167$4,665$4,208$3,793$2,595
11 years$5,144$4,600$4,107$3,662$3,262$2,133
12 years$4,667$4,129$3,645$3,212$2,827$1,765
13 years$4,264$3,731$3,257$2,836$2,465$1,469
14 years$3,919$3,392$2,926$2,518$2,161$1,227
15 years$3,620$3,098$2,642$2,245$1,902$1,029
16 years$3,358$2,843$2,395$2,010$1,681$865
17 years$3,128$2,618$2,180$1,806$1,491$729
18 years$2,923$2,419$1,990$1,628$1,326$615
19 years$2,741$2,242$1,821$1,471$1,181$520
20 years$2,576$2,083$1,672$1,332$1,055$441
21 years$2,428$1,941$1,538$1,209$944$373
22 years$2,293$1,811$1,417$1,099$847$317
23 years$2,170$1,694$1,308$1,001$760$269
24 years$2,058$1,587$1,210$913$683$229
25 years$1,954$1,490$1,121$834$615$195
26 years$1,859$1,400$1,040$762$554$166
27 years$1,771$1,318$965$698$499$141
28 years$1,689$1,242$897$639$450$120
29 years$1,614$1,171$835$586$407$102
30 years$1,543$1,106$778$538$367$87
31 years$1,477$1,046$725$494$332$74
32 years$1,415$989$677$454$301$63
33 years$1,357$937$632$418$272$54
34 years$1,303$888$590$384$246$46
35 years$1,252$842$552$354$223$39
36 years$1,204$799$516$326$202$33
37 years$1,158$759$483$300$183$29
38 years$1,115$722$452$277$166$24
39 years$1,075$686$424$255$151$21
40 years$1,036$653$397$235$137$18
41 years$1,000$621$373$217$124$15
42 years$965$592$349$200$112$13
43 years$932$564$328$185$102$11
44 years$901$538$308$171$93$9
45 years$871$513$289$158$84$8
46 years$842$489$271$146$76$7
47 years$815$467$255$135$69$6
48 years$789$445$240$124$63$5
49 years$764$425$225$115$57$4
50 years$740$406$212$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $758,000, adding $3,732 every year, while hoping to spend $38,028 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: 81/10/9 Blend
57$758,000$758,000$758,000$758,000
58$839,166$798,992$787,243$905,747
59$884,299$797,681$773,154$948,598
60$932,761$795,031$757,318$990,221
61$984,852$790,937$739,638$1,034,763
62$1,040,900$785,286$720,009$1,082,497
63$1,101,267$777,959$698,323$1,133,722
64$1,166,347$768,831$674,469$1,188,769
65$1,236,578$757,767$648,327$1,248,000
66$1,312,437$744,625$619,774$1,311,818
67$1,394,450$729,256$588,680$1,380,664
68$1,483,195$711,501$554,912$1,455,023
69$1,579,307$691,190$518,328$1,535,434
70$1,683,484$668,147$478,780$1,622,486
71$1,796,494$642,181$436,114$1,716,832
72$1,919,183$613,094$390,170$1,819,189
73$2,052,478$580,674$340,779$1,930,349
74$2,197,402$544,698$287,767$2,051,184
75$2,355,079$504,930$230,948$2,182,656
76$2,526,745$461,120$170,133$2,325,826
77$2,713,762$413,004$105,122$2,481,862
78$2,917,627$360,302$35,705$2,652,053
79$3,139,989$302,721$0$2,837,818
80$3,382,662$239,948$0$3,044,410
81$3,647,643$171,655$0$3,273,767
82$3,937,130$97,494$0$3,524,383
83$4,253,544$17,098$0$3,798,381
84$4,599,549$0$0$4,098,097
85$4,978,079$0$0$4,433,802
86$5,392,365$0$0$4,803,295
87$5,845,963$0$0$5,207,870
88$6,342,791$0$0$5,651,022
89$6,887,163$0$0$6,136,603
90$7,483,828$0$0$6,668,851
91$8,138,020$0$0$7,252,438
92$8,855,502$0$0$7,892,507
93$9,642,619$0$0$8,594,723
94$10,506,364$0$0$9,365,326
95$11,454,437$0$0$10,211,190
96$12,495,321$0$0$11,139,886
97$13,638,360$0$0$12,159,754
98$14,893,846$0$0$13,279,982
99$16,273,121$0$0$14,510,691
100$17,788,675$0$0$15,863,031