Can I retire at age 58 with 769,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$63,503$62,938$62,386$61,847$61,321$60,580
2 years$31,437$30,852$30,284$29,734$29,201$28,455
3 years$20,750$20,162$19,596$19,051$18,526$17,799
4 years$15,407$14,821$14,261$13,725$13,213$12,510
5 years$12,203$11,620$11,067$10,542$10,044$9,367
6 years$10,067$9,489$8,944$8,431$7,948$7,297
7 years$8,542$7,969$7,432$6,931$6,464$5,840
8 years$7,399$6,830$6,303$5,815$5,362$4,766
9 years$6,510$5,947$5,429$4,953$4,516$3,946
10 years$5,800$5,242$4,733$4,269$3,848$3,305
11 years$5,219$4,667$4,167$3,716$3,309$2,792
12 years$4,735$4,189$3,698$3,259$2,868$2,376
13 years$4,326$3,785$3,304$2,877$2,501$2,034
14 years$3,975$3,441$2,969$2,554$2,192$1,750
15 years$3,672$3,143$2,680$2,278$1,930$1,511
16 years$3,407$2,884$2,430$2,040$1,706$1,309
17 years$3,173$2,656$2,211$1,832$1,512$1,138
18 years$2,966$2,454$2,019$1,651$1,345$992
19 years$2,780$2,274$1,848$1,492$1,199$866
20 years$2,614$2,114$1,696$1,351$1,071$757
21 years$2,463$1,969$1,560$1,227$958$663
22 years$2,326$1,838$1,438$1,115$859$582
23 years$2,202$1,719$1,327$1,016$771$511
24 years$2,087$1,610$1,228$926$693$449
25 years$1,983$1,511$1,137$846$624$395
26 years$1,886$1,420$1,055$774$562$348
27 years$1,797$1,337$979$708$506$307
28 years$1,714$1,260$910$649$457$271
29 years$1,637$1,188$847$595$413$239
30 years$1,565$1,122$789$546$373$211
31 years$1,498$1,061$736$501$337$186
32 years$1,436$1,004$686$461$305$164
33 years$1,377$951$641$424$276$145
34 years$1,322$901$599$390$250$128
35 years$1,270$855$560$359$226$113
36 years$1,221$811$524$331$205$100
37 years$1,175$770$490$305$186$89
38 years$1,132$732$459$281$168$79
39 years$1,090$696$430$259$153$69
40 years$1,051$662$403$239$139$61
41 years$1,014$630$378$220$126$54
42 years$979$600$355$203$114$48
43 years$946$572$333$188$104$43
44 years$914$545$312$173$94$38
45 years$883$520$293$160$85$33
46 years$854$496$275$148$77$30
47 years$827$473$259$137$70$26
48 years$800$452$243$126$64$23
49 years$775$432$229$117$58$21
50 years$751$412$215$108$53$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $769,000, adding $6,790 every year, while hoping to spend $31,322 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: 50/32/18 Blend
57$769,000$769,000$769,000$769,000
58$854,442$813,685$801,765$892,578
59$908,269$820,229$795,298$926,163
60$966,536$826,044$787,565$958,858
61$1,029,664$831,061$778,489$993,716
62$1,098,113$835,207$767,992$1,030,952
63$1,172,393$838,404$755,992$1,070,804
64$1,253,060$840,570$742,401$1,113,537
65$1,340,730$841,615$727,129$1,159,442
66$1,436,078$841,448$710,081$1,208,843
67$1,539,846$839,967$691,158$1,262,097
68$1,652,854$837,069$670,255$1,319,601
69$1,776,001$832,641$647,264$1,381,792
70$1,910,277$826,565$622,071$1,449,156
71$2,056,773$818,714$594,558$1,522,229
72$2,216,688$808,955$564,601$1,601,604
73$2,391,343$797,147$532,068$1,687,938
74$2,582,193$783,140$496,825$1,781,956
75$2,790,838$766,775$458,730$1,884,460
76$3,019,040$747,884$417,634$1,996,339
77$3,268,741$726,289$373,383$2,118,572
78$3,542,076$701,801$325,815$2,252,244
79$3,841,399$674,220$274,761$2,398,553
80$4,169,301$643,336$220,045$2,558,822
81$4,528,635$608,925$161,482$2,734,517
82$4,922,545$570,751$98,881$2,927,252
83$5,354,491$528,565$32,040$3,138,814
84$5,828,286$482,101$0$3,371,177
85$6,348,128$431,081$0$3,634,065
86$6,918,643$375,210$0$3,929,398
87$7,544,925$314,176$0$4,253,717
88$8,232,586$247,650$0$4,610,003
89$8,987,809$175,283$0$5,001,546
90$9,817,402$96,708$0$5,431,974
91$10,728,868$11,538$0$5,905,291
92$11,730,471$0$0$6,425,912
93$12,831,316$0$0$7,027,103
94$14,041,435$0$0$7,692,525
95$15,371,877$0$0$8,424,203
96$16,834,818$0$0$9,228,844
97$18,443,672$0$0$10,113,838
98$20,213,218$0$0$11,087,326
99$22,159,738$0$0$12,158,278
100$24,301,174$0$0$13,336,580