Can I retire at age 58 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$62,843$62,283$61,737$61,204$60,683$59,361
2 years$31,110$30,531$29,969$29,425$28,897$27,571
3 years$20,534$19,952$19,392$18,853$18,333$17,046
4 years$15,247$14,667$14,112$13,582$13,075$11,836
5 years$12,076$11,499$10,952$10,433$9,940$8,752
6 years$9,962$9,390$8,851$8,343$7,865$6,730
7 years$8,453$7,886$7,355$6,859$6,396$5,314
8 years$7,322$6,759$6,238$5,754$5,306$4,277
9 years$6,442$5,885$5,372$4,901$4,469$3,491
10 years$5,739$5,188$4,684$4,225$3,808$2,881
11 years$5,164$4,618$4,124$3,677$3,275$2,398
12 years$4,686$4,145$3,660$3,225$2,838$2,009
13 years$4,281$3,746$3,270$2,847$2,475$1,693
14 years$3,934$3,405$2,938$2,528$2,169$1,433
15 years$3,634$3,110$2,652$2,254$1,910$1,217
16 years$3,372$2,854$2,405$2,018$1,688$1,037
17 years$3,140$2,628$2,188$1,813$1,497$886
18 years$2,935$2,429$1,998$1,634$1,331$759
19 years$2,751$2,251$1,829$1,477$1,186$651
20 years$2,586$2,092$1,678$1,337$1,060$559
21 years$2,437$1,948$1,544$1,214$948$481
22 years$2,302$1,819$1,423$1,104$850$414
23 years$2,179$1,701$1,314$1,005$763$357
24 years$2,066$1,594$1,215$917$686$308
25 years$1,962$1,496$1,125$837$617$266
26 years$1,866$1,406$1,044$765$556$230
27 years$1,778$1,323$969$701$501$199
28 years$1,696$1,246$901$642$452$172
29 years$1,620$1,176$838$589$408$149
30 years$1,549$1,111$781$540$369$129
31 years$1,483$1,050$728$496$334$111
32 years$1,421$993$679$456$302$96
33 years$1,363$941$634$419$273$84
34 years$1,308$892$593$386$247$72
35 years$1,257$846$554$355$224$63
36 years$1,209$803$518$327$203$54
37 years$1,163$762$485$301$184$47
38 years$1,120$724$454$278$167$41
39 years$1,079$689$426$256$151$35
40 years$1,040$655$399$236$137$31
41 years$1,004$624$374$218$124$27
42 years$969$594$351$201$113$23
43 years$936$566$329$186$102$20
44 years$904$540$309$171$93$17
45 years$874$515$290$158$84$15
46 years$845$491$273$146$77$13
47 years$818$468$256$135$70$11
48 years$792$447$241$125$63$10
49 years$767$427$226$115$57$8
50 years$743$408$213$107$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $761,000, adding $5,038 every year, while hoping to spend $30,428 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: 53/32/15 Blend
57$761,000$761,000$761,000$761,000
58$843,819$803,486$791,690$884,898
59$897,513$810,481$785,837$920,509
60$955,664$816,800$778,767$955,574
61$1,018,695$822,376$770,409$993,042
62$1,087,070$827,141$760,686$1,033,151
63$1,161,300$831,019$749,517$1,076,160
64$1,241,947$833,934$736,821$1,122,358
65$1,329,629$835,800$722,507$1,172,067
66$1,425,026$836,529$706,486$1,225,637
67$1,528,886$836,027$688,661$1,283,461
68$1,642,034$834,193$668,932$1,345,969
69$1,765,374$830,921$647,194$1,413,640
70$1,899,904$826,098$623,337$1,487,000
71$2,046,722$819,604$597,247$1,566,633
72$2,207,036$811,313$568,803$1,653,184
73$2,382,175$801,089$537,879$1,747,364
74$2,573,604$788,790$504,346$1,849,961
75$2,782,935$774,264$468,065$1,961,844
76$3,011,943$757,351$428,893$2,083,973
77$3,262,582$737,882$386,682$2,217,412
78$3,537,004$715,677$341,274$2,363,330
79$3,837,578$690,545$292,507$2,523,025
80$4,166,915$662,286$240,210$2,697,925
81$4,527,888$630,685$184,204$2,889,612
82$4,923,662$595,519$124,305$3,099,828
83$5,357,725$556,548$60,318$3,330,501
84$5,833,915$513,521$0$3,583,757
85$6,356,462$466,171$0$3,863,220
86$6,930,024$414,217$0$4,180,591
87$7,559,734$357,361$0$4,529,105
88$8,251,244$295,289$0$4,911,957
89$9,010,782$227,668$0$5,332,672
90$9,845,206$154,149$0$5,795,139
91$10,762,074$74,359$0$6,303,648
92$11,769,711$0$0$6,862,928
93$12,877,290$0$0$7,482,456
94$14,094,914$0$0$8,192,404
95$15,433,716$0$0$8,973,088
96$16,905,961$0$0$9,831,672
97$18,525,163$0$0$10,776,047
98$20,306,209$0$0$11,814,906
99$22,265,503$0$0$12,957,830
100$24,421,120$0$0$14,215,373