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%19.3%
1 years$62,760$62,201$61,656$61,123$60,603$58,337
2 years$31,069$30,491$29,930$29,386$28,859$26,602
3 years$20,507$19,926$19,367$18,828$18,309$16,132
4 years$15,227$14,648$14,094$13,565$13,058$10,978
5 years$12,060$11,484$10,937$10,419$9,927$7,948
6 years$9,949$9,378$8,839$8,332$7,855$5,979
7 years$8,442$7,875$7,345$6,850$6,388$4,616
8 years$7,312$6,751$6,229$5,746$5,299$3,628
9 years$6,434$5,878$5,365$4,895$4,463$2,891
10 years$5,732$5,181$4,678$4,219$3,803$2,326
11 years$5,157$4,612$4,118$3,672$3,270$1,887
12 years$4,679$4,140$3,655$3,221$2,834$1,540
13 years$4,275$3,741$3,265$2,844$2,471$1,263
14 years$3,929$3,400$2,934$2,524$2,166$1,040
15 years$3,629$3,106$2,649$2,251$1,907$859
16 years$3,367$2,850$2,402$2,016$1,686$711
17 years$3,136$2,625$2,185$1,811$1,495$590
18 years$2,931$2,425$1,995$1,632$1,329$490
19 years$2,748$2,248$1,826$1,475$1,185$408
20 years$2,583$2,089$1,676$1,336$1,058$340
21 years$2,434$1,946$1,542$1,212$947$284
22 years$2,299$1,816$1,421$1,102$849$237
23 years$2,176$1,699$1,312$1,004$762$198
24 years$2,063$1,592$1,213$916$685$165
25 years$1,959$1,494$1,124$836$616$138
26 years$1,864$1,404$1,042$764$555$116
27 years$1,776$1,321$968$700$500$97
28 years$1,694$1,245$900$641$452$81
29 years$1,618$1,174$837$588$408$68
30 years$1,547$1,109$780$540$368$57
31 years$1,481$1,048$727$496$333$48
32 years$1,419$992$678$455$301$40
33 years$1,361$939$633$419$273$33
34 years$1,307$890$592$385$247$28
35 years$1,255$845$553$355$224$23
36 years$1,207$802$518$327$203$20
37 years$1,161$761$484$301$184$16
38 years$1,118$724$454$277$166$14
39 years$1,078$688$425$256$151$12
40 years$1,039$655$398$236$137$10
41 years$1,002$623$374$218$124$8
42 years$968$593$350$201$113$7
43 years$934$565$329$185$102$6
44 years$903$539$309$171$93$5
45 years$873$514$290$158$84$4
46 years$844$490$272$146$77$3
47 years$817$468$256$135$70$3
48 years$791$447$240$125$63$2
49 years$766$427$226$115$57$2
50 years$742$407$212$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $760,000, adding $3,385 every year, while hoping to spend $57,774 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: 47/47/6 Blend
57$760,000$760,000$760,000$760,000
58$841,012$800,732$788,952$879,046
59$865,324$778,496$753,910$883,244
60$890,179$753,235$715,759$881,439
61$915,573$724,739$674,332$878,118
62$941,496$692,786$629,457$873,159
63$967,939$657,143$580,954$866,429
64$994,886$617,560$528,634$857,786
65$1,022,321$573,777$472,299$847,082
66$1,050,222$525,517$411,746$834,154
67$1,078,563$472,485$346,758$818,833
68$1,107,314$414,374$277,111$800,935
69$1,136,437$350,855$202,571$780,267
70$1,165,890$281,584$122,894$756,621
71$1,195,623$206,194$37,824$729,776
72$1,225,581$124,302$0$699,495
73$1,255,695$35,498$0$668,917
74$1,285,893$0$0$637,189
75$1,316,087$0$0$632,982
76$1,346,181$0$0$647,036
77$1,376,063$0$0$660,932
78$1,405,610$0$0$674,604
79$1,434,680$0$0$687,977
80$1,463,114$0$0$700,969
81$1,490,735$0$0$713,484
82$1,517,342$0$0$725,419
83$1,542,711$0$0$736,654
84$1,566,592$0$0$747,058
85$1,588,705$0$0$756,484
86$1,608,735$0$0$764,768
87$1,626,336$0$0$771,727
88$1,641,117$0$0$777,159
89$1,652,647$0$0$780,836
90$1,660,442$0$0$782,506
91$1,663,968$0$0$781,891
92$1,662,630$0$0$778,680
93$1,655,767$0$0$772,528
94$1,642,646$0$0$763,053
95$1,622,453$0$0$749,830
96$1,594,287$0$0$732,391
97$1,557,147$0$0$710,214
98$1,509,927$0$0$682,723
99$1,451,400$0$0$649,281
100$1,380,207$0$0$609,180