Can I retire at age 58 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$63,586$63,019$62,467$61,928$61,401$59,152
2 years$31,478$30,892$30,324$29,773$29,239$26,998
3 years$20,777$20,188$19,621$19,076$18,550$16,388
4 years$15,427$14,840$14,279$13,743$13,230$11,163
5 years$12,219$11,635$11,081$10,556$10,057$8,091
6 years$10,080$9,501$8,955$8,442$7,958$6,093
7 years$8,553$7,979$7,442$6,940$6,472$4,709
8 years$7,408$6,839$6,311$5,822$5,369$3,706
9 years$6,519$5,955$5,436$4,959$4,522$2,956
10 years$5,807$5,249$4,739$4,275$3,853$2,382
11 years$5,225$4,673$4,172$3,720$3,313$1,935
12 years$4,741$4,194$3,703$3,263$2,871$1,581
13 years$4,331$3,790$3,308$2,881$2,504$1,298
14 years$3,981$3,445$2,972$2,557$2,195$1,070
15 years$3,677$3,147$2,684$2,281$1,933$885
16 years$3,411$2,888$2,433$2,042$1,708$734
17 years$3,177$2,659$2,214$1,835$1,514$610
18 years$2,970$2,457$2,021$1,654$1,347$508
19 years$2,784$2,277$1,850$1,494$1,200$423
20 years$2,617$2,116$1,698$1,353$1,072$353
21 years$2,466$1,971$1,562$1,228$959$295
22 years$2,329$1,840$1,440$1,117$860$247
23 years$2,204$1,721$1,329$1,017$772$206
24 years$2,090$1,612$1,229$928$694$173
25 years$1,985$1,513$1,139$847$624$145
26 years$1,888$1,422$1,056$775$562$121
27 years$1,799$1,338$981$709$507$102
28 years$1,716$1,261$912$650$457$85
29 years$1,639$1,190$848$596$413$71
30 years$1,567$1,124$790$547$373$60
31 years$1,500$1,062$737$502$337$50
32 years$1,438$1,005$687$461$305$42
33 years$1,379$952$642$424$276$35
34 years$1,324$902$600$390$250$30
35 years$1,272$856$561$359$227$25
36 years$1,223$812$524$331$205$21
37 years$1,177$771$491$305$186$18
38 years$1,133$733$460$281$169$15
39 years$1,092$697$431$259$153$12
40 years$1,053$663$404$239$139$10
41 years$1,016$631$378$221$126$9
42 years$980$601$355$204$114$7
43 years$947$573$333$188$104$6
44 years$915$546$313$173$94$5
45 years$884$521$294$160$85$4
46 years$855$497$276$148$78$4
47 years$828$474$259$137$70$3
48 years$801$453$243$126$64$3
49 years$776$432$229$117$58$2
50 years$752$413$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $770,000, adding $4,741 every year, while hoping to spend $50,915 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: 47/38/15 Blend
57$770,000$770,000$770,000$770,000
58$853,430$812,620$800,685$889,729
59$886,307$798,266$773,335$901,023
60$920,831$781,501$743,362$907,697
61$957,116$762,155$710,625$913,829
62$995,286$740,045$674,976$919,389
63$1,035,477$714,979$636,259$924,346
64$1,077,835$686,752$594,313$928,669
65$1,122,522$655,150$548,970$932,330
66$1,169,711$619,944$500,052$935,301
67$1,219,592$580,893$447,375$937,556
68$1,272,375$537,741$390,747$939,071
69$1,328,286$490,219$329,965$939,825
70$1,387,573$438,042$264,821$939,800
71$1,450,507$380,907$195,094$938,984
72$1,517,384$318,497$120,555$937,366
73$1,588,529$250,475$40,965$934,944
74$1,664,296$176,486$0$931,722
75$1,745,074$96,154$0$934,748
76$1,831,289$9,082$0$944,460
77$1,923,407$0$0$954,369
78$2,021,938$0$0$1,000,167
79$2,127,444$0$0$1,053,329
80$2,240,537$0$0$1,110,375
81$2,361,894$0$0$1,171,653
82$2,492,252$0$0$1,237,543
83$2,632,425$0$0$1,308,466
84$2,783,303$0$0$1,384,880
85$2,945,866$0$0$1,467,291
86$3,121,188$0$0$1,556,255
87$3,310,450$0$0$1,652,381
88$3,514,950$0$0$1,756,339
89$3,736,115$0$0$1,868,867
90$3,975,511$0$0$1,990,775
91$4,234,863$0$0$2,122,952
92$4,516,065$0$0$2,266,378
93$4,821,201$0$0$2,422,131
94$5,152,562$0$0$2,591,395
95$5,512,670$0$0$2,775,474
96$5,904,297$0$0$2,975,801
97$6,330,494$0$0$3,193,953
98$6,794,617$0$0$3,431,668
99$7,300,361$0$0$3,690,856
100$7,851,791$0$0$3,973,619