Can I retire at age 58 with 758,000?

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 $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%19.5%
1 years$62,595$62,037$61,493$60,962$60,444$58,138
2 years$30,988$30,410$29,851$29,309$28,783$26,486
3 years$20,453$19,874$19,316$18,778$18,261$16,047
4 years$15,187$14,609$14,057$13,529$13,024$10,909
5 years$12,028$11,454$10,909$10,391$9,901$7,890
6 years$9,923$9,353$8,816$8,310$7,834$5,929
7 years$8,420$7,855$7,326$6,832$6,371$4,571
8 years$7,293$6,733$6,213$5,731$5,285$3,589
9 years$6,417$5,862$5,351$4,882$4,451$2,856
10 years$5,717$5,167$4,665$4,208$3,793$2,296
11 years$5,144$4,600$4,107$3,662$3,262$1,860
12 years$4,667$4,129$3,645$3,212$2,827$1,516
13 years$4,264$3,731$3,257$2,836$2,465$1,241
14 years$3,919$3,392$2,926$2,518$2,161$1,020
15 years$3,620$3,098$2,642$2,245$1,902$842
16 years$3,358$2,843$2,395$2,010$1,681$696
17 years$3,128$2,618$2,180$1,806$1,491$576
18 years$2,923$2,419$1,990$1,628$1,326$478
19 years$2,741$2,242$1,821$1,471$1,181$398
20 years$2,576$2,083$1,672$1,332$1,055$331
21 years$2,428$1,941$1,538$1,209$944$276
22 years$2,293$1,811$1,417$1,099$847$230
23 years$2,170$1,694$1,308$1,001$760$192
24 years$2,058$1,587$1,210$913$683$160
25 years$1,954$1,490$1,121$834$615$133
26 years$1,859$1,400$1,040$762$554$111
27 years$1,771$1,318$965$698$499$93
28 years$1,689$1,242$897$639$450$78
29 years$1,614$1,171$835$586$407$65
30 years$1,543$1,106$778$538$367$54
31 years$1,477$1,046$725$494$332$45
32 years$1,415$989$677$454$301$38
33 years$1,357$937$632$418$272$32
34 years$1,303$888$590$384$246$27
35 years$1,252$842$552$354$223$22
36 years$1,204$799$516$326$202$19
37 years$1,158$759$483$300$183$16
38 years$1,115$722$452$277$166$13
39 years$1,075$686$424$255$151$11
40 years$1,036$653$397$235$137$9
41 years$1,000$621$373$217$124$8
42 years$965$592$349$200$112$6
43 years$932$564$328$185$102$5
44 years$901$538$308$171$93$4
45 years$871$513$289$158$84$4
46 years$842$489$271$146$76$3
47 years$815$467$255$135$69$3
48 years$789$445$240$124$63$2
49 years$764$425$225$115$57$2
50 years$740$406$212$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $758,000, adding $3,548 every year, while hoping to spend $58,171 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: 83/11/6 Blend
57$758,000$758,000$758,000$758,000
58$838,976$798,802$787,053$908,020
59$862,658$776,050$751,526$930,887
60$886,806$750,233$712,859$947,777
61$911,406$721,140$670,885$964,503
62$936,441$688,547$625,431$981,013
63$961,889$652,218$576,315$997,249
64$987,726$611,901$523,346$1,013,147
65$1,013,922$567,332$466,326$1,028,639
66$1,040,442$518,231$405,047$1,043,645
67$1,067,244$464,301$339,293$1,058,083
68$1,094,281$405,230$268,838$1,071,858
69$1,121,499$340,687$193,445$1,084,867
70$1,148,834$270,323$112,868$1,096,999
71$1,176,215$193,769$26,849$1,108,128
72$1,203,560$110,636$0$1,118,119
73$1,230,777$20,510$0$1,130,981
74$1,257,760$0$0$1,144,495
75$1,284,391$0$0$1,166,106
76$1,310,536$0$0$1,189,746
77$1,336,045$0$0$1,212,796
78$1,360,748$0$0$1,235,100
79$1,384,457$0$0$1,256,486
80$1,406,958$0$0$1,276,757
81$1,428,015$0$0$1,295,698
82$1,447,363$0$0$1,313,066
83$1,464,705$0$0$1,328,589
84$1,479,713$0$0$1,341,965
85$1,492,017$0$0$1,352,858
86$1,501,210$0$0$1,360,894
87$1,506,836$0$0$1,365,656
88$1,508,390$0$0$1,366,680
89$1,505,310$0$0$1,363,454
90$1,496,973$0$0$1,355,406
91$1,482,686$0$0$1,341,903
92$1,461,681$0$0$1,322,243
93$1,433,109$0$0$1,295,646
94$1,396,026$0$0$1,261,250
95$1,349,388$0$0$1,218,099
96$1,292,038$0$0$1,165,135
97$1,222,696$0$0$1,101,187
98$1,139,946$0$0$1,024,958
99$1,042,220$0$0$935,014
100$927,785$0$0$829,770