Can I retire at age 58 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$62,678$62,119$61,575$61,043$60,524$58,423
2 years$31,028$30,451$29,891$29,348$28,821$26,726
3 years$20,480$19,900$19,341$18,803$18,285$16,262
4 years$15,207$14,628$14,075$13,547$13,041$11,105
5 years$12,044$11,469$10,923$10,405$9,914$8,070
6 years$9,936$9,365$8,827$8,321$7,844$6,095
7 years$8,431$7,865$7,336$6,841$6,380$4,723
8 years$7,303$6,742$6,221$5,739$5,292$3,728
9 years$6,425$5,870$5,358$4,888$4,457$2,983
10 years$5,724$5,174$4,672$4,214$3,798$2,412
11 years$5,151$4,606$4,113$3,667$3,266$1,965
12 years$4,673$4,134$3,650$3,217$2,830$1,611
13 years$4,269$3,736$3,261$2,840$2,468$1,328
14 years$3,924$3,396$2,930$2,521$2,163$1,098
15 years$3,624$3,102$2,645$2,248$1,905$912
16 years$3,363$2,846$2,398$2,013$1,684$759
17 years$3,132$2,621$2,182$1,809$1,493$633
18 years$2,927$2,422$1,992$1,630$1,327$529
19 years$2,744$2,245$1,824$1,473$1,183$442
20 years$2,580$2,086$1,674$1,334$1,057$371
21 years$2,431$1,943$1,540$1,211$946$311
22 years$2,296$1,814$1,419$1,101$848$261
23 years$2,173$1,696$1,310$1,002$761$219
24 years$2,060$1,589$1,212$914$684$184
25 years$1,957$1,492$1,122$835$615$155
26 years$1,861$1,402$1,041$763$554$130
27 years$1,773$1,319$967$699$500$110
28 years$1,692$1,243$899$640$451$92
29 years$1,616$1,173$836$587$407$78
30 years$1,545$1,108$779$539$368$65
31 years$1,479$1,047$726$495$333$55
32 years$1,417$991$677$455$301$46
33 years$1,359$938$633$418$272$39
34 years$1,305$889$591$385$247$33
35 years$1,254$843$553$354$223$28
36 years$1,205$801$517$326$202$23
37 years$1,160$760$484$301$183$20
38 years$1,117$723$453$277$166$17
39 years$1,076$687$424$255$151$14
40 years$1,038$654$398$236$137$12
41 years$1,001$622$373$217$124$10
42 years$966$593$350$201$113$8
43 years$933$565$328$185$102$7
44 years$902$538$308$171$93$6
45 years$872$513$289$158$84$5
46 years$843$490$272$146$76$4
47 years$816$467$255$135$69$4
48 years$790$446$240$125$63$3
49 years$765$426$226$115$57$3
50 years$741$407$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 $759,000, adding $4,538 every year, while hoping to spend $30,542 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: 85/8/7 Blend
57$759,000$759,000$759,000$759,000
58$841,099$800,872$789,107$911,719
59$894,395$807,618$783,046$965,225
60$952,103$813,671$775,758$1,019,356
61$1,014,641$818,965$767,170$1,077,857
62$1,082,470$823,430$757,205$1,141,147
63$1,156,093$826,989$745,783$1,209,687
64$1,236,067$829,564$732,819$1,283,985
65$1,323,003$831,070$718,226$1,364,599
66$1,417,574$831,417$701,911$1,452,147
67$1,520,519$830,508$683,777$1,547,306
68$1,632,652$828,244$663,724$1,650,822
69$1,754,870$824,515$641,646$1,763,519
70$1,888,158$819,208$617,433$1,886,303
71$2,033,602$812,201$590,968$2,020,171
72$2,192,395$803,365$562,132$2,166,224
73$2,365,854$792,564$530,798$2,325,672
74$2,555,426$779,654$496,834$2,499,850
75$2,762,703$764,482$460,103$2,690,228
76$2,989,442$746,884$420,459$2,898,425
77$3,237,574$726,690$377,753$3,126,227
78$3,509,226$703,718$331,827$3,375,600
79$3,806,742$677,774$282,518$3,648,710
80$4,132,700$648,656$229,653$3,947,944
81$4,489,943$616,148$173,055$4,275,934
82$4,881,600$580,022$112,534$4,635,577
83$5,311,117$540,036$47,898$5,030,067
84$5,782,289$495,937$0$5,462,926
85$6,299,299$447,454$0$5,939,604
86$6,866,751$394,302$0$6,466,723
87$7,489,718$336,182$0$7,045,428
88$8,173,788$272,773$0$7,680,925
89$8,925,117$203,742$0$8,378,954
90$9,750,486$128,733$0$9,145,836
91$10,657,365$47,370$0$9,988,537
92$11,653,985$0$0$10,914,733
93$12,749,411$0$0$11,936,469
94$13,953,632$0$0$13,064,277
95$15,277,653$0$0$14,304,295
96$16,733,598$0$0$15,667,881
97$18,334,825$0$0$17,167,546
98$20,096,050$0$0$18,817,074
99$22,033,488$0$0$20,631,656
100$24,165,006$0$0$22,628,025