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%12.6%
1 years$62,595$62,037$61,493$60,962$60,444$59,788
2 years$30,988$30,410$29,851$29,309$28,783$28,122
3 years$20,453$19,874$19,316$18,778$18,261$17,616
4 years$15,187$14,609$14,057$13,529$13,024$12,400
5 years$12,028$11,454$10,909$10,391$9,901$9,300
6 years$9,923$9,353$8,816$8,310$7,834$7,257
7 years$8,420$7,855$7,326$6,832$6,371$5,818
8 years$7,293$6,733$6,213$5,731$5,285$4,756
9 years$6,417$5,862$5,351$4,882$4,451$3,945
10 years$5,717$5,167$4,665$4,208$3,793$3,309
11 years$5,144$4,600$4,107$3,662$3,262$2,801
12 years$4,667$4,129$3,645$3,212$2,827$2,389
13 years$4,264$3,731$3,257$2,836$2,465$2,049
14 years$3,919$3,392$2,926$2,518$2,161$1,766
15 years$3,620$3,098$2,642$2,245$1,902$1,528
16 years$3,358$2,843$2,395$2,010$1,681$1,327
17 years$3,128$2,618$2,180$1,806$1,491$1,156
18 years$2,923$2,419$1,990$1,628$1,326$1,009
19 years$2,741$2,242$1,821$1,471$1,181$883
20 years$2,576$2,083$1,672$1,332$1,055$774
21 years$2,428$1,941$1,538$1,209$944$679
22 years$2,293$1,811$1,417$1,099$847$597
23 years$2,170$1,694$1,308$1,001$760$526
24 years$2,058$1,587$1,210$913$683$463
25 years$1,954$1,490$1,121$834$615$409
26 years$1,859$1,400$1,040$762$554$361
27 years$1,771$1,318$965$698$499$319
28 years$1,689$1,242$897$639$450$282
29 years$1,614$1,171$835$586$407$249
30 years$1,543$1,106$778$538$367$220
31 years$1,477$1,046$725$494$332$195
32 years$1,415$989$677$454$301$173
33 years$1,357$937$632$418$272$153
34 years$1,303$888$590$384$246$136
35 years$1,252$842$552$354$223$120
36 years$1,204$799$516$326$202$107
37 years$1,158$759$483$300$183$95
38 years$1,115$722$452$277$166$84
39 years$1,075$686$424$255$151$74
40 years$1,036$653$397$235$137$66
41 years$1,000$621$373$217$124$59
42 years$965$592$349$200$112$52
43 years$932$564$328$185$102$46
44 years$901$538$308$171$93$41
45 years$871$513$289$158$84$36
46 years$842$489$271$146$76$32
47 years$815$467$255$135$69$29
48 years$789$445$240$124$63$25
49 years$764$425$225$115$57$23
50 years$740$406$212$106$52$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $758,000, adding $6,665 every year, while hoping to spend $57,525 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: 56/20/24 Blend
57$758,000$758,000$758,000$758,000
58$842,191$802,017$790,268$883,499
59$866,888$780,110$755,536$890,632
60$892,177$755,201$717,712$891,775
61$918,056$727,083$676,633$891,806
62$944,523$695,536$632,125$890,635
63$971,574$660,327$584,011$888,167
64$999,202$621,210$532,103$884,298
65$1,027,397$577,925$476,204$878,920
66$1,056,144$530,197$416,110$871,916
67$1,085,429$477,734$351,608$863,161
68$1,115,230$420,230$282,474$852,525
69$1,145,522$357,360$208,475$839,865
70$1,176,274$288,779$129,368$825,030
71$1,207,451$214,127$44,899$807,860
72$1,239,011$133,019$0$788,182
73$1,270,905$45,052$0$777,399
74$1,303,076$0$0$776,753
75$1,335,458$0$0$785,646
76$1,367,976$0$0$804,502
77$1,400,545$0$0$823,350
78$1,433,066$0$0$842,129
79$1,465,429$0$0$860,770
80$1,497,508$0$0$879,194
81$1,529,161$0$0$897,312
82$1,560,229$0$0$915,024
83$1,590,530$0$0$932,217
84$1,619,864$0$0$948,766
85$1,648,004$0$0$964,528
86$1,674,695$0$0$979,347
87$1,699,655$0$0$993,045
88$1,722,566$0$0$1,005,424
89$1,743,075$0$0$1,016,266
90$1,760,787$0$0$1,025,325
91$1,775,263$0$0$1,032,328
92$1,786,014$0$0$1,036,971
93$1,792,497$0$0$1,038,917
94$1,794,107$0$0$1,037,792
95$1,790,172$0$0$1,033,178
96$1,779,947$0$0$1,024,613
97$1,762,606$0$0$1,011,586
98$1,737,231$0$0$993,528
99$1,702,805$0$0$969,808
100$1,658,201$0$0$939,730