Can I retire at age 58 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$63,008$62,447$61,899$61,365$60,843$60,434
2 years$31,192$30,611$30,048$29,502$28,973$28,560
3 years$20,588$20,005$19,443$18,902$18,381$17,978
4 years$15,287$14,706$14,150$13,618$13,110$12,719
5 years$12,107$11,529$10,981$10,460$9,966$9,589
6 years$9,988$9,415$8,874$8,365$7,886$7,523
7 years$8,475$7,906$7,374$6,877$6,413$6,064
8 years$7,341$6,777$6,254$5,769$5,320$4,986
9 years$6,459$5,901$5,387$4,914$4,480$4,160
10 years$5,754$5,201$4,696$4,236$3,818$3,511
11 years$5,178$4,630$4,134$3,687$3,283$2,990
12 years$4,698$4,156$3,669$3,234$2,845$2,566
13 years$4,292$3,756$3,278$2,855$2,481$2,215
14 years$3,944$3,414$2,945$2,534$2,175$1,922
15 years$3,643$3,119$2,659$2,260$1,915$1,674
16 years$3,380$2,861$2,411$2,024$1,692$1,464
17 years$3,148$2,635$2,194$1,818$1,501$1,284
18 years$2,943$2,435$2,003$1,639$1,334$1,129
19 years$2,759$2,257$1,834$1,481$1,189$995
20 years$2,593$2,097$1,683$1,341$1,062$878
21 years$2,444$1,953$1,548$1,217$951$777
22 years$2,308$1,823$1,426$1,107$852$688
23 years$2,184$1,705$1,317$1,008$765$611
24 years$2,071$1,598$1,218$919$688$542
25 years$1,967$1,499$1,128$839$619$482
26 years$1,871$1,409$1,046$767$557$429
27 years$1,783$1,326$972$703$502$382
28 years$1,701$1,250$903$644$453$340
29 years$1,624$1,179$841$590$409$303
30 years$1,553$1,113$783$542$370$271
31 years$1,487$1,053$730$497$334$241
32 years$1,425$996$681$457$302$216
33 years$1,366$943$636$420$274$193
34 years$1,312$894$594$387$248$172
35 years$1,260$848$555$356$224$154
36 years$1,212$805$520$328$203$137
37 years$1,166$764$486$302$184$123
38 years$1,123$726$455$279$167$110
39 years$1,082$691$427$257$152$98
40 years$1,043$657$400$237$137$88
41 years$1,006$626$375$219$125$79
42 years$971$596$352$202$113$70
43 years$938$568$330$186$103$63
44 years$907$541$310$172$93$56
45 years$876$516$291$159$85$51
46 years$848$492$273$147$77$45
47 years$820$470$257$135$70$41
48 years$794$448$241$125$63$36
49 years$769$428$227$116$58$33
50 years$745$409$213$107$52$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $763,000, adding $4,629 every year, while hoping to spend $58,810 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: 68/23/9 Blend
57$763,000$763,000$763,000$763,000
58$845,601$805,162$793,335$901,314
59$869,279$782,041$757,339$915,764
60$893,401$755,817$718,165$924,034
61$917,950$726,274$675,646$931,517
62$942,906$693,187$629,605$938,128
63$968,244$656,315$579,859$943,774
64$993,936$615,405$526,215$948,352
65$1,019,946$570,189$468,472$951,756
66$1,046,235$520,383$406,420$953,866
67$1,072,757$465,687$339,841$954,556
68$1,099,458$405,786$268,506$953,688
69$1,126,277$340,343$192,174$951,113
70$1,153,143$269,006$110,598$946,671
71$1,179,977$191,401$23,517$940,188
72$1,206,689$107,133$0$931,476
73$1,233,175$15,787$0$926,996
74$1,259,320$0$0$922,706
75$1,284,994$0$0$937,163
76$1,310,048$0$0$955,126
77$1,334,319$0$0$972,476
78$1,357,620$0$0$989,074
79$1,379,745$0$0$1,004,763
80$1,400,462$0$0$1,019,369
81$1,419,512$0$0$1,032,697
82$1,436,604$0$0$1,044,528
83$1,451,418$0$0$1,054,620
84$1,463,594$0$0$1,062,704
85$1,472,731$0$0$1,068,479
86$1,478,387$0$0$1,071,610
87$1,480,065$0$0$1,071,726
88$1,477,217$0$0$1,068,415
89$1,469,233$0$0$1,061,218
90$1,455,437$0$0$1,049,627
91$1,435,079$0$0$1,033,080
92$1,407,327$0$0$1,010,951
93$1,371,259$0$0$982,548
94$1,325,854$0$0$947,105
95$1,269,982$0$0$903,774
96$1,202,391$0$0$851,615
97$1,121,696$0$0$789,589
98$1,026,365$0$0$716,546
99$914,703$0$0$631,215
100$784,836$0$0$532,191