Can I retire at age 58 with 769,000?

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 $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%11.3%
1 years$63,503$62,938$62,386$61,847$61,321$60,986
2 years$31,437$30,852$30,284$29,734$29,201$28,862
3 years$20,750$20,162$19,596$19,051$18,526$18,195
4 years$15,407$14,821$14,261$13,725$13,213$12,892
5 years$12,203$11,620$11,067$10,542$10,044$9,734
6 years$10,067$9,489$8,944$8,431$7,948$7,649
7 years$8,542$7,969$7,432$6,931$6,464$6,176
8 years$7,399$6,830$6,303$5,815$5,362$5,087
9 years$6,510$5,947$5,429$4,953$4,516$4,251
10 years$5,800$5,242$4,733$4,269$3,848$3,595
11 years$5,219$4,667$4,167$3,716$3,309$3,067
12 years$4,735$4,189$3,698$3,259$2,868$2,637
13 years$4,326$3,785$3,304$2,877$2,501$2,280
14 years$3,975$3,441$2,969$2,554$2,192$1,982
15 years$3,672$3,143$2,680$2,278$1,930$1,731
16 years$3,407$2,884$2,430$2,040$1,706$1,516
17 years$3,173$2,656$2,211$1,832$1,512$1,332
18 years$2,966$2,454$2,019$1,651$1,345$1,174
19 years$2,780$2,274$1,848$1,492$1,199$1,037
20 years$2,614$2,114$1,696$1,351$1,071$918
21 years$2,463$1,969$1,560$1,227$958$814
22 years$2,326$1,838$1,438$1,115$859$722
23 years$2,202$1,719$1,327$1,016$771$642
24 years$2,087$1,610$1,228$926$693$572
25 years$1,983$1,511$1,137$846$624$509
26 years$1,886$1,420$1,055$774$562$454
27 years$1,797$1,337$979$708$506$405
28 years$1,714$1,260$910$649$457$362
29 years$1,637$1,188$847$595$413$323
30 years$1,565$1,122$789$546$373$289
31 years$1,498$1,061$736$501$337$259
32 years$1,436$1,004$686$461$305$232
33 years$1,377$951$641$424$276$207
34 years$1,322$901$599$390$250$186
35 years$1,270$855$560$359$226$166
36 years$1,221$811$524$331$205$149
37 years$1,175$770$490$305$186$134
38 years$1,132$732$459$281$168$120
39 years$1,090$696$430$259$153$108
40 years$1,051$662$403$239$139$97
41 years$1,014$630$378$220$126$87
42 years$979$600$355$203$114$78
43 years$946$572$333$188$104$70
44 years$914$545$312$173$94$63
45 years$883$520$293$160$85$56
46 years$854$496$275$148$77$50
47 years$827$473$259$137$70$45
48 years$800$452$243$126$64$41
49 years$775$432$229$117$58$37
50 years$751$412$215$108$53$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $769,000, adding $3,166 every year, while hoping to spend $30,683 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: 56/27/17 Blend
57$769,000$769,000$769,000$769,000
58$850,704$809,947$798,027$894,349
59$904,829$816,988$792,115$931,437
60$963,447$823,345$784,976$968,235
61$1,026,983$828,954$776,537$1,007,631
62$1,095,905$833,742$766,721$1,049,880
63$1,170,729$837,637$755,448$1,095,263
64$1,252,021$840,559$742,633$1,144,095
65$1,340,404$842,423$728,187$1,196,719
66$1,436,563$843,140$712,019$1,253,517
67$1,541,252$842,614$694,032$1,314,911
68$1,655,302$840,744$674,125$1,381,366
69$1,779,626$837,423$652,190$1,453,398
70$1,915,228$832,537$628,119$1,531,574
71$2,063,215$825,965$601,795$1,616,524
72$2,224,805$817,580$573,097$1,708,940
73$2,401,338$807,244$541,899$1,809,591
74$2,594,290$794,814$508,068$1,919,322
75$2,805,285$780,138$471,466$2,039,068
76$3,036,113$763,054$431,949$2,169,863
77$3,288,743$743,390$389,366$2,312,848
78$3,565,344$720,965$343,559$2,469,281
79$3,868,305$695,588$294,364$2,640,554
80$4,200,255$667,055$241,608$2,828,202
81$4,564,092$635,152$185,113$3,033,922
82$4,963,006$599,650$124,690$3,259,583
83$5,400,510$560,311$60,145$3,507,253
84$5,880,475$516,879$0$3,779,212
85$6,407,163$469,086$0$4,079,561
86$6,985,271$416,648$0$4,421,242
87$7,619,969$359,265$0$4,796,437
88$8,316,956$296,619$0$5,208,574
89$9,082,508$228,376$0$5,661,431
90$9,923,539$154,181$0$6,159,174
91$10,847,665$73,661$0$6,706,397
92$11,863,277$0$0$7,308,167
93$12,979,621$0$0$7,974,104
94$14,206,879$0$0$8,730,339
95$15,556,273$0$0$9,561,911
96$17,040,165$0$0$10,476,448
97$18,672,173$0$0$11,482,352
98$20,467,305$0$0$12,588,885
99$22,442,093$0$0$13,806,246
100$24,614,754$0$0$15,145,677