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%15.2%
1 years$63,008$62,447$61,899$61,365$60,843$59,541
2 years$31,192$30,611$30,048$29,502$28,973$27,668
3 years$20,588$20,005$19,443$18,902$18,381$17,114
4 years$15,287$14,706$14,150$13,618$13,110$11,889
5 years$12,107$11,529$10,981$10,460$9,966$8,796
6 years$9,988$9,415$8,874$8,365$7,886$6,768
7 years$8,475$7,906$7,374$6,877$6,413$5,347
8 years$7,341$6,777$6,254$5,769$5,320$4,306
9 years$6,459$5,901$5,387$4,914$4,480$3,517
10 years$5,754$5,201$4,696$4,236$3,818$2,904
11 years$5,178$4,630$4,134$3,687$3,283$2,418
12 years$4,698$4,156$3,669$3,234$2,845$2,028
13 years$4,292$3,756$3,278$2,855$2,481$1,710
14 years$3,944$3,414$2,945$2,534$2,175$1,448
15 years$3,643$3,119$2,659$2,260$1,915$1,231
16 years$3,380$2,861$2,411$2,024$1,692$1,050
17 years$3,148$2,635$2,194$1,818$1,501$897
18 years$2,943$2,435$2,003$1,639$1,334$769
19 years$2,759$2,257$1,834$1,481$1,189$660
20 years$2,593$2,097$1,683$1,341$1,062$568
21 years$2,444$1,953$1,548$1,217$951$489
22 years$2,308$1,823$1,426$1,107$852$421
23 years$2,184$1,705$1,317$1,008$765$363
24 years$2,071$1,598$1,218$919$688$314
25 years$1,967$1,499$1,128$839$619$271
26 years$1,871$1,409$1,046$767$557$234
27 years$1,783$1,326$972$703$502$203
28 years$1,701$1,250$903$644$453$176
29 years$1,624$1,179$841$590$409$152
30 years$1,553$1,113$783$542$370$132
31 years$1,487$1,053$730$497$334$114
32 years$1,425$996$681$457$302$99
33 years$1,366$943$636$420$274$86
34 years$1,312$894$594$387$248$74
35 years$1,260$848$555$356$224$64
36 years$1,212$805$520$328$203$56
37 years$1,166$764$486$302$184$48
38 years$1,123$726$455$279$167$42
39 years$1,082$691$427$257$152$36
40 years$1,043$657$400$237$137$32
41 years$1,006$626$375$219$125$27
42 years$971$596$352$202$113$24
43 years$938$568$330$186$103$21
44 years$907$541$310$172$93$18
45 years$876$516$291$159$85$16
46 years$848$492$273$147$77$14
47 years$820$470$257$135$70$12
48 years$794$448$241$125$63$10
49 years$769$428$227$116$58$9
50 years$745$409$213$107$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $763,000, adding $3,013 every year, while hoping to spend $43,305 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: 68/5/27 Blend
57$763,000$763,000$763,000$763,000
58$843,934$803,495$791,668$895,213
59$883,939$796,790$772,113$923,360
60$926,573$788,305$750,451$948,936
61$972,059$777,907$726,567$975,932
62$1,020,640$765,456$700,338$1,004,489
63$1,072,583$750,801$671,637$1,034,765
64$1,128,182$733,786$640,332$1,066,933
65$1,187,757$714,241$606,283$1,101,187
66$1,251,660$691,991$569,346$1,137,740
67$1,320,277$666,847$529,367$1,176,831
68$1,394,034$638,611$486,190$1,218,722
69$1,473,395$607,073$439,647$1,263,706
70$1,558,872$572,010$389,565$1,312,105
71$1,651,026$533,187$335,765$1,364,278
72$1,750,474$490,357$278,056$1,420,620
73$1,857,894$443,255$216,242$1,481,573
74$1,974,030$391,606$150,117$1,547,620
75$2,099,700$335,114$79,465$1,619,302
76$2,235,805$273,470$4,063$1,697,212
77$2,383,334$206,346$0$1,782,011
78$2,543,374$133,397$0$1,896,438
79$2,717,122$54,257$0$2,021,968
80$2,905,893$0$0$2,158,395
81$3,111,135$0$0$2,308,512
82$3,334,440$0$0$2,475,128
83$3,577,560$0$0$2,656,571
84$3,842,424$0$0$2,854,283
85$4,131,152$0$0$3,069,854
86$4,446,079$0$0$3,305,033
87$4,789,776$0$0$3,561,746
88$5,165,071$0$0$3,842,110
89$5,575,079$0$0$4,148,459
90$6,023,227$0$0$4,483,361
91$6,513,290$0$0$4,849,643
92$7,049,424$0$0$5,250,419
93$7,636,205$0$0$5,689,117
94$8,278,671$0$0$6,169,511
95$8,982,371$0$0$6,695,759
96$9,753,416$0$0$7,272,438
97$10,598,535$0$0$7,904,590
98$11,525,140$0$0$8,597,768
99$12,541,393$0$0$9,358,088
100$13,656,286$0$0$10,192,287