Can I retire at age 58 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$62,760$62,201$61,656$61,123$60,603$58,222
2 years$31,069$30,491$29,930$29,386$28,859$26,489
3 years$20,507$19,926$19,367$18,828$18,309$16,025
4 years$15,227$14,648$14,094$13,565$13,058$10,877
5 years$12,060$11,484$10,937$10,419$9,927$7,855
6 years$9,949$9,378$8,839$8,332$7,855$5,893
7 years$8,442$7,875$7,345$6,850$6,388$4,536
8 years$7,312$6,751$6,229$5,746$5,299$3,555
9 years$6,434$5,878$5,365$4,895$4,463$2,823
10 years$5,732$5,181$4,678$4,219$3,803$2,265
11 years$5,157$4,612$4,118$3,672$3,270$1,831
12 years$4,679$4,140$3,655$3,221$2,834$1,490
13 years$4,275$3,741$3,265$2,844$2,471$1,217
14 years$3,929$3,400$2,934$2,524$2,166$999
15 years$3,629$3,106$2,649$2,251$1,907$822
16 years$3,367$2,850$2,402$2,016$1,686$678
17 years$3,136$2,625$2,185$1,811$1,495$561
18 years$2,931$2,425$1,995$1,632$1,329$464
19 years$2,748$2,248$1,826$1,475$1,185$385
20 years$2,583$2,089$1,676$1,336$1,058$320
21 years$2,434$1,946$1,542$1,212$947$265
22 years$2,299$1,816$1,421$1,102$849$221
23 years$2,176$1,699$1,312$1,004$762$184
24 years$2,063$1,592$1,213$916$685$153
25 years$1,959$1,494$1,124$836$616$127
26 years$1,864$1,404$1,042$764$555$106
27 years$1,776$1,321$968$700$500$88
28 years$1,694$1,245$900$641$452$74
29 years$1,618$1,174$837$588$408$61
30 years$1,547$1,109$780$540$368$51
31 years$1,481$1,048$727$496$333$43
32 years$1,419$992$678$455$301$36
33 years$1,361$939$633$419$273$30
34 years$1,307$890$592$385$247$25
35 years$1,255$845$553$355$224$21
36 years$1,207$802$518$327$203$17
37 years$1,161$761$484$301$184$14
38 years$1,118$724$454$277$166$12
39 years$1,078$688$425$256$151$10
40 years$1,039$655$398$236$137$8
41 years$1,002$623$374$218$124$7
42 years$968$593$350$201$113$6
43 years$934$565$329$185$102$5
44 years$903$539$309$171$93$4
45 years$873$514$290$158$84$3
46 years$844$490$272$146$77$3
47 years$817$468$256$135$70$2
48 years$791$447$240$125$63$2
49 years$766$427$226$115$57$2
50 years$742$407$212$107$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $760,000, adding $2,277 every year, while hoping to spend $35,321 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: 32/45/23 Blend
57$760,000$760,000$760,000$760,000
58$839,869$799,589$787,809$860,737
59$887,954$801,187$776,619$878,280
60$939,760$801,680$763,871$893,825
61$995,630$800,977$749,474$909,849
62$1,055,938$798,979$733,336$926,415
63$1,121,099$795,584$715,358$943,598
64$1,191,566$790,682$695,437$961,482
65$1,267,838$784,158$673,467$980,163
66$1,350,464$775,888$649,334$999,749
67$1,440,047$765,742$622,923$1,020,364
68$1,537,250$753,582$594,109$1,042,147
69$1,642,803$739,261$562,765$1,065,256
70$1,757,509$722,625$528,757$1,089,869
71$1,882,249$703,507$491,945$1,116,187
72$2,017,995$681,736$452,181$1,144,434
73$2,165,815$657,126$409,314$1,174,865
74$2,326,886$629,482$363,184$1,207,765
75$2,502,500$598,599$313,623$1,243,452
76$2,694,083$564,259$260,457$1,282,285
77$2,903,202$526,230$203,505$1,324,664
78$3,131,582$484,269$142,576$1,371,038
79$3,381,123$438,117$77,472$1,421,908
80$3,653,916$387,503$7,985$1,477,834
81$3,952,263$332,139$0$1,539,439
82$4,278,700$271,719$0$1,623,660
83$4,636,017$205,923$0$1,718,182
84$5,027,288$134,411$0$1,821,966
85$5,455,899$56,824$0$1,936,036
86$5,925,576$0$0$2,061,527
87$6,440,426$0$0$2,213,175
88$7,004,969$0$0$2,410,429
89$7,624,186$0$0$2,626,906
90$8,303,561$0$0$2,864,538
91$9,049,136$0$0$3,125,453
92$9,867,566$0$0$3,411,996
93$10,766,182$0$0$3,726,752
94$11,753,058$0$0$4,072,564
95$12,837,091$0$0$4,452,568
96$14,028,079$0$0$4,870,218
97$15,336,819$0$0$5,329,317
98$16,775,203$0$0$5,834,059
99$18,356,334$0$0$6,389,060
100$20,094,648$0$0$6,999,409