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%14.1%
1 years$63,008$62,447$61,899$61,365$60,843$59,810
2 years$31,192$30,611$30,048$29,502$28,973$27,936
3 years$20,588$20,005$19,443$18,902$18,381$17,372
4 years$15,287$14,706$14,150$13,618$13,110$12,136
5 years$12,107$11,529$10,981$10,460$9,966$9,030
6 years$9,988$9,415$8,874$8,365$7,886$6,990
7 years$8,475$7,906$7,374$6,877$6,413$5,557
8 years$7,341$6,777$6,254$5,769$5,320$4,503
9 years$6,459$5,901$5,387$4,914$4,480$3,702
10 years$5,754$5,201$4,696$4,236$3,818$3,078
11 years$5,178$4,630$4,134$3,687$3,283$2,581
12 years$4,698$4,156$3,669$3,234$2,845$2,180
13 years$4,292$3,756$3,278$2,855$2,481$1,851
14 years$3,944$3,414$2,945$2,534$2,175$1,580
15 years$3,643$3,119$2,659$2,260$1,915$1,353
16 years$3,380$2,861$2,411$2,024$1,692$1,163
17 years$3,148$2,635$2,194$1,818$1,501$1,002
18 years$2,943$2,435$2,003$1,639$1,334$866
19 years$2,759$2,257$1,834$1,481$1,189$749
20 years$2,593$2,097$1,683$1,341$1,062$649
21 years$2,444$1,953$1,548$1,217$951$564
22 years$2,308$1,823$1,426$1,107$852$490
23 years$2,184$1,705$1,317$1,008$765$426
24 years$2,071$1,598$1,218$919$688$371
25 years$1,967$1,499$1,128$839$619$324
26 years$1,871$1,409$1,046$767$557$282
27 years$1,783$1,326$972$703$502$246
28 years$1,701$1,250$903$644$453$215
29 years$1,624$1,179$841$590$409$188
30 years$1,553$1,113$783$542$370$164
31 years$1,487$1,053$730$497$334$144
32 years$1,425$996$681$457$302$126
33 years$1,366$943$636$420$274$110
34 years$1,312$894$594$387$248$96
35 years$1,260$848$555$356$224$84
36 years$1,212$805$520$328$203$74
37 years$1,166$764$486$302$184$65
38 years$1,123$726$455$279$167$56
39 years$1,082$691$427$257$152$49
40 years$1,043$657$400$237$137$43
41 years$1,006$626$375$219$125$38
42 years$971$596$352$202$113$33
43 years$938$568$330$186$103$29
44 years$907$541$310$172$93$26
45 years$876$516$291$159$85$22
46 years$848$492$273$147$77$20
47 years$820$470$257$135$70$17
48 years$794$448$241$125$63$15
49 years$769$428$227$116$58$13
50 years$745$409$213$107$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $763,000, adding $5,808 every year, while hoping to spend $20,333 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: 50/35/15 Blend
57$763,000$763,000$763,000$763,000
58$846,817$806,378$794,551$885,395
59$911,558$824,256$799,535$930,425
60$982,221$842,329$804,004$976,739
61$1,059,389$860,585$807,919$1,026,619
62$1,143,704$879,010$811,241$1,080,409
63$1,235,870$897,590$813,926$1,138,485
64$1,336,665$916,309$815,929$1,201,263
65$1,446,946$935,149$817,204$1,269,201
66$1,567,655$954,091$817,701$1,342,804
67$1,699,830$973,115$817,367$1,422,627
68$1,844,612$992,198$816,149$1,509,283
69$2,003,262$1,011,315$813,989$1,603,449
70$2,177,165$1,030,440$810,828$1,705,869
71$2,367,847$1,049,543$806,602$1,817,364
72$2,576,990$1,068,593$801,246$1,938,838
73$2,806,446$1,087,557$794,691$2,071,289
74$3,058,255$1,106,398$786,864$2,215,817
75$3,334,662$1,125,077$777,690$2,373,633
76$3,638,144$1,143,553$767,088$2,546,073
77$3,971,427$1,161,779$754,978$2,734,610
78$4,337,513$1,179,707$741,270$2,940,868
79$4,739,712$1,197,285$725,875$3,166,637
80$5,181,668$1,214,457$708,697$3,413,889
81$5,667,396$1,231,163$689,637$3,684,800
82$6,201,320$1,247,340$668,589$3,981,767
83$6,788,314$1,262,919$645,446$4,307,434
84$7,433,746$1,277,826$620,093$4,664,716
85$8,143,533$1,291,985$592,411$5,056,823
86$8,924,192$1,305,310$562,276$5,487,299
87$9,782,904$1,317,715$529,556$5,960,046
88$10,727,580$1,329,103$494,116$6,479,369
89$11,766,938$1,339,374$455,814$7,050,011
90$12,910,583$1,348,420$414,501$7,677,202
91$14,169,097$1,356,127$370,021$8,366,708
92$15,554,141$1,362,374$322,213$9,124,884
93$17,078,563$1,367,030$270,907$9,958,735
94$18,756,520$1,369,958$215,925$10,875,984
95$20,603,611$1,371,011$157,085$11,885,143
96$22,637,024$1,370,035$94,191$12,995,598
97$24,875,698$1,366,864$27,044$14,217,691
98$27,340,502$1,361,324$0$15,562,824
99$30,054,432$1,353,227$0$17,050,707
100$33,042,826$1,342,378$0$18,693,136