Can I retire at age 58 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$63,173$62,610$62,061$61,525$61,002$58,932
2 years$31,274$30,691$30,127$29,580$29,049$26,983
3 years$20,642$20,057$19,494$18,952$18,430$16,434
4 years$15,327$14,744$14,187$13,654$13,144$11,234
5 years$12,139$11,560$11,009$10,487$9,992$8,173
6 years$10,015$9,439$8,897$8,387$7,906$6,179
7 years$8,498$7,927$7,394$6,895$6,430$4,794
8 years$7,360$6,795$6,270$5,784$5,334$3,789
9 years$6,476$5,916$5,401$4,927$4,492$3,035
10 years$5,769$5,215$4,708$4,247$3,828$2,457
11 years$5,191$4,642$4,145$3,696$3,292$2,004
12 years$4,710$4,167$3,679$3,242$2,853$1,646
13 years$4,303$3,766$3,287$2,862$2,488$1,358
14 years$3,955$3,423$2,953$2,541$2,181$1,125
15 years$3,653$3,127$2,666$2,266$1,920$935
16 years$3,389$2,869$2,417$2,029$1,697$779
17 years$3,157$2,642$2,200$1,823$1,505$651
18 years$2,950$2,441$2,008$1,643$1,338$545
19 years$2,766$2,263$1,838$1,484$1,192$456
20 years$2,600$2,103$1,687$1,344$1,065$383
21 years$2,450$1,958$1,552$1,220$953$322
22 years$2,314$1,828$1,430$1,109$854$270
23 years$2,190$1,710$1,321$1,010$767$228
24 years$2,077$1,602$1,221$922$689$192
25 years$1,972$1,503$1,131$842$620$161
26 years$1,876$1,413$1,049$770$559$136
27 years$1,787$1,330$974$704$504$115
28 years$1,705$1,253$906$645$455$97
29 years$1,628$1,182$843$592$410$82
30 years$1,557$1,116$785$543$371$69
31 years$1,491$1,055$732$499$335$58
32 years$1,428$999$683$458$303$49
33 years$1,370$946$638$422$274$41
34 years$1,315$896$596$388$249$35
35 years$1,264$850$557$357$225$29
36 years$1,215$807$521$329$204$25
37 years$1,169$766$488$303$185$21
38 years$1,126$728$457$279$168$18
39 years$1,085$693$428$257$152$15
40 years$1,046$659$401$237$138$13
41 years$1,009$627$376$219$125$11
42 years$974$597$353$202$113$9
43 years$941$569$331$187$103$8
44 years$909$542$311$172$93$6
45 years$879$517$292$159$85$5
46 years$850$493$274$147$77$5
47 years$822$471$257$136$70$4
48 years$796$450$242$126$64$3
49 years$771$429$227$116$58$3
50 years$747$410$214$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $765,000, adding $6,313 every year, while hoping to spend $58,321 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: 66/15/19 Blend
57$765,000$765,000$765,000$765,000
58$849,542$808,997$797,139$901,187
59$874,142$786,585$761,790$914,168
60$899,297$761,119$723,303$921,057
61$925,001$732,390$681,509$927,188
62$951,247$700,174$636,236$932,487
63$978,026$664,233$587,301$936,873
64$1,005,322$624,319$534,514$940,259
65$1,033,121$580,166$477,675$942,554
66$1,061,400$531,495$416,579$943,658
67$1,090,135$478,011$351,007$943,462
68$1,119,297$419,401$280,733$941,853
69$1,148,848$355,335$205,521$938,706
70$1,178,749$285,464$125,123$933,888
71$1,208,950$209,421$39,284$927,255
72$1,239,395$126,815$0$918,653
73$1,270,021$37,236$0$918,523
74$1,300,753$0$0$925,266
75$1,331,507$0$0$940,639
76$1,362,187$0$0$962,078
77$1,392,685$0$0$983,357
78$1,422,878$0$0$1,004,385
79$1,452,627$0$0$1,025,061
80$1,481,775$0$0$1,045,271
81$1,510,148$0$0$1,064,884
82$1,537,548$0$0$1,083,758
83$1,563,753$0$0$1,101,730
84$1,588,516$0$0$1,118,619
85$1,611,562$0$0$1,134,223
86$1,632,579$0$0$1,148,316
87$1,651,225$0$0$1,160,646
88$1,667,114$0$0$1,170,932
89$1,679,819$0$0$1,178,863
90$1,688,864$0$0$1,184,090
91$1,693,719$0$0$1,186,227
92$1,693,796$0$0$1,184,845
93$1,688,442$0$0$1,179,467
94$1,676,930$0$0$1,169,565
95$1,658,457$0$0$1,154,550
96$1,632,129$0$0$1,133,774
97$1,596,958$0$0$1,106,514
98$1,551,848$0$0$1,071,972
99$1,495,584$0$0$1,029,264
100$1,426,823$0$0$977,410