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%13.8%
1 years$62,843$62,283$61,737$61,204$60,683$59,727
2 years$31,110$30,531$29,969$29,425$28,897$27,936
3 years$20,534$19,952$19,392$18,853$18,333$17,398
4 years$15,247$14,667$14,112$13,582$13,075$12,172
5 years$12,076$11,499$10,952$10,433$9,940$9,072
6 years$9,962$9,390$8,851$8,343$7,865$7,033
7 years$8,453$7,886$7,355$6,859$6,396$5,601
8 years$7,322$6,759$6,238$5,754$5,306$4,547
9 years$6,442$5,885$5,372$4,901$4,469$3,745
10 years$5,739$5,188$4,684$4,225$3,808$3,119
11 years$5,164$4,618$4,124$3,677$3,275$2,620
12 years$4,686$4,145$3,660$3,225$2,838$2,217
13 years$4,281$3,746$3,270$2,847$2,475$1,887
14 years$3,934$3,405$2,938$2,528$2,169$1,613
15 years$3,634$3,110$2,652$2,254$1,910$1,385
16 years$3,372$2,854$2,405$2,018$1,688$1,192
17 years$3,140$2,628$2,188$1,813$1,497$1,030
18 years$2,935$2,429$1,998$1,634$1,331$891
19 years$2,751$2,251$1,829$1,477$1,186$773
20 years$2,586$2,092$1,678$1,337$1,060$672
21 years$2,437$1,948$1,544$1,214$948$585
22 years$2,302$1,819$1,423$1,104$850$509
23 years$2,179$1,701$1,314$1,005$763$444
24 years$2,066$1,594$1,215$917$686$388
25 years$1,962$1,496$1,125$837$617$339
26 years$1,866$1,406$1,044$765$556$296
27 years$1,778$1,323$969$701$501$259
28 years$1,696$1,246$901$642$452$227
29 years$1,620$1,176$838$589$408$199
30 years$1,549$1,111$781$540$369$174
31 years$1,483$1,050$728$496$334$153
32 years$1,421$993$679$456$302$134
33 years$1,363$941$634$419$273$117
34 years$1,308$892$593$386$247$103
35 years$1,257$846$554$355$224$90
36 years$1,209$803$518$327$203$79
37 years$1,163$762$485$301$184$70
38 years$1,120$724$454$278$167$61
39 years$1,079$689$426$256$151$54
40 years$1,040$655$399$236$137$47
41 years$1,004$624$374$218$124$41
42 years$969$594$351$201$113$36
43 years$936$566$329$186$102$32
44 years$904$540$309$171$93$28
45 years$874$515$290$158$84$25
46 years$845$491$273$146$77$22
47 years$818$468$256$135$70$19
48 years$792$447$241$125$63$17
49 years$767$427$226$115$57$15
50 years$743$408$213$107$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $761,000, adding $2,648 every year, while hoping to spend $35,680 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: 58/17/25 Blend
57$761,000$761,000$761,000$761,000
58$841,353$801,020$789,225$884,314
59$889,208$802,307$777,701$915,240
60$940,748$802,461$764,595$944,915
61$996,312$801,389$749,816$976,513
62$1,056,271$798,992$733,270$1,010,230
63$1,121,033$795,165$714,857$1,046,283
64$1,191,047$789,797$694,473$1,084,912
65$1,266,807$782,770$672,011$1,126,383
66$1,348,853$773,957$647,355$1,170,991
67$1,437,782$763,228$620,387$1,219,063
68$1,534,249$750,439$590,984$1,270,959
69$1,638,975$735,443$559,015$1,327,082
70$1,752,753$718,082$524,344$1,387,873
71$1,876,454$698,188$486,829$1,453,825
72$2,011,037$675,584$446,323$1,525,480
73$2,157,558$650,083$402,670$1,603,440
74$2,317,178$621,487$355,709$1,688,370
75$2,491,175$589,584$305,270$1,781,005
76$2,680,956$554,155$251,177$1,882,160
77$2,888,068$514,963$193,247$1,992,735
78$3,114,216$471,762$131,285$2,113,724
79$3,361,276$424,287$65,093$2,246,230
80$3,631,311$372,263$0$2,391,467
81$3,926,597$315,396$0$2,552,260
82$4,249,636$253,376$0$2,747,242
83$4,603,184$185,877$0$2,960,734
84$4,990,278$112,553$0$3,194,613
85$5,414,258$33,040$0$3,450,950
86$5,878,805$0$0$3,732,030
87$6,387,974$0$0$4,050,292
88$6,946,228$0$0$4,406,078
89$7,558,485$0$0$4,796,347
90$8,230,159$0$0$5,224,560
91$8,967,217$0$0$5,694,530
92$9,776,228$0$0$6,210,453
93$10,664,431$0$0$6,776,956
94$11,639,797$0$0$7,399,133
95$12,711,111$0$0$8,082,596
96$13,888,046$0$0$8,833,528
97$15,181,261$0$0$9,658,739
98$16,602,498$0$0$10,565,735
99$18,164,693$0$0$11,562,781
100$19,882,097$0$0$12,658,985