Can I retire at age 58 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$63,421$62,856$62,305$61,767$61,241$60,855
2 years$31,396$30,812$30,245$29,696$29,163$28,773
3 years$20,723$20,136$19,571$19,026$18,502$18,121
4 years$15,387$14,802$14,242$13,707$13,196$12,827
5 years$12,187$11,605$11,053$10,529$10,031$9,675
6 years$10,054$9,476$8,932$8,420$7,937$7,594
7 years$8,531$7,958$7,423$6,922$6,455$6,125
8 years$7,389$6,822$6,295$5,807$5,355$5,039
9 years$6,502$5,939$5,422$4,946$4,510$4,207
10 years$5,792$5,235$4,727$4,264$3,843$3,553
11 years$5,212$4,661$4,162$3,711$3,305$3,028
12 years$4,729$4,183$3,693$3,255$2,864$2,599
13 years$4,320$3,780$3,300$2,873$2,497$2,245
14 years$3,970$3,436$2,965$2,551$2,189$1,949
15 years$3,667$3,139$2,677$2,275$1,927$1,699
16 years$3,403$2,880$2,427$2,037$1,704$1,487
17 years$3,169$2,652$2,208$1,830$1,510$1,305
18 years$2,962$2,451$2,016$1,649$1,343$1,148
19 years$2,777$2,272$1,846$1,490$1,197$1,013
20 years$2,610$2,111$1,694$1,350$1,069$895
21 years$2,460$1,966$1,558$1,225$957$792
22 years$2,323$1,835$1,436$1,114$858$702
23 years$2,199$1,717$1,326$1,014$770$623
24 years$2,085$1,608$1,226$925$692$554
25 years$1,980$1,509$1,136$845$623$493
26 years$1,884$1,418$1,053$773$561$439
27 years$1,794$1,335$978$707$506$391
28 years$1,712$1,258$909$648$456$349
29 years$1,635$1,187$846$594$412$311
30 years$1,563$1,121$788$545$372$278
31 years$1,496$1,059$735$501$337$248
32 years$1,434$1,002$685$460$304$222
33 years$1,375$949$640$423$276$198
34 years$1,320$900$598$389$249$177
35 years$1,269$853$559$358$226$159
36 years$1,220$810$523$330$205$142
37 years$1,174$769$490$304$186$127
38 years$1,130$731$458$280$168$114
39 years$1,089$695$430$259$153$102
40 years$1,050$661$403$238$138$91
41 years$1,013$630$377$220$126$82
42 years$978$600$354$203$114$73
43 years$944$571$332$187$103$65
44 years$912$545$312$173$94$59
45 years$882$519$293$160$85$53
46 years$853$495$275$148$77$47
47 years$826$473$258$136$70$42
48 years$799$451$243$126$64$38
49 years$774$431$228$116$58$34
50 years$750$412$215$108$53$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $768,000, adding $5,405 every year, while hoping to spend $23,288 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: 40/33/27 Blend
57$768,000$768,000$768,000$768,000
58$851,911$811,207$799,303$879,012
59$914,028$826,178$801,302$914,137
60$981,700$841,102$802,587$949,543
61$1,055,470$855,952$803,109$987,400
62$1,135,933$870,700$802,819$1,027,947
63$1,223,747$885,313$801,663$1,071,448
64$1,319,635$899,759$799,584$1,118,195
65$1,424,392$914,001$796,524$1,168,508
66$1,538,894$928,001$792,421$1,222,744
67$1,664,105$941,717$787,211$1,281,295
68$1,801,087$955,105$780,827$1,344,596
69$1,951,010$968,117$773,196$1,413,125
70$2,115,161$980,702$764,246$1,487,413
71$2,294,957$992,806$753,898$1,568,042
72$2,491,960$1,004,371$742,071$1,655,659
73$2,707,889$1,015,335$728,680$1,750,976
74$2,944,638$1,025,631$713,635$1,854,780
75$3,204,293$1,035,188$696,843$1,967,941
76$3,489,150$1,043,932$678,207$2,091,417
77$3,801,741$1,051,781$657,624$2,226,268
78$4,144,851$1,058,652$634,987$2,373,663
79$4,521,552$1,064,452$610,186$2,534,892
80$4,935,225$1,069,085$583,102$2,711,381
81$5,389,596$1,072,448$553,613$2,904,702
82$5,888,768$1,074,431$521,593$3,116,591
83$6,437,263$1,074,919$486,907$3,348,963
84$7,040,062$1,073,787$449,416$3,603,931
85$7,702,651$1,070,906$408,974$3,883,830
86$8,431,076$1,066,135$365,429$4,191,233
87$9,231,998$1,059,327$318,623$4,528,980
88$10,112,753$1,050,325$268,388$4,900,206
89$11,081,426$1,038,964$214,552$5,308,368
90$12,146,926$1,025,067$156,933$5,757,282
91$13,319,064$1,008,448$95,343$6,251,156
92$14,608,655$988,908$29,583$6,794,633
93$16,027,613$966,240$0$7,392,835
94$17,589,064$940,219$0$8,063,106
95$19,307,471$910,613$0$8,809,839
96$21,198,773$877,173$0$9,631,441
97$23,280,528$839,635$0$10,535,560
98$25,572,086$797,721$0$11,530,629
99$28,094,766$751,137$0$12,625,943
100$30,872,062$699,572$0$13,831,750