Can I retire at age 58 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$63,668$63,101$62,548$62,008$61,481$59,370
2 years$31,519$30,932$30,363$29,812$29,276$27,172
3 years$20,804$20,214$19,647$19,101$18,574$16,541
4 years$15,447$14,860$14,298$13,761$13,247$11,302
5 years$12,234$11,650$11,096$10,570$10,070$8,217
6 years$10,093$9,513$8,967$8,453$7,968$6,209
7 years$8,564$7,989$7,452$6,949$6,480$4,815
8 years$7,418$6,848$6,320$5,830$5,376$3,803
9 years$6,527$5,963$5,443$4,966$4,527$3,045
10 years$5,815$5,256$4,745$4,280$3,858$2,463
11 years$5,232$4,679$4,178$3,725$3,318$2,008
12 years$4,747$4,200$3,708$3,268$2,875$1,647
13 years$4,337$3,795$3,313$2,885$2,507$1,358
14 years$3,986$3,450$2,976$2,561$2,198$1,125
15 years$3,682$3,151$2,687$2,284$1,935$934
16 years$3,416$2,891$2,436$2,045$1,710$778
17 years$3,182$2,663$2,217$1,837$1,516$649
18 years$2,973$2,461$2,024$1,656$1,348$543
19 years$2,788$2,280$1,853$1,496$1,202$455
20 years$2,620$2,119$1,700$1,355$1,073$381
21 years$2,469$1,974$1,564$1,230$961$320
22 years$2,332$1,842$1,441$1,118$861$269
23 years$2,207$1,723$1,331$1,018$773$226
24 years$2,093$1,615$1,231$929$695$190
25 years$1,988$1,515$1,140$848$625$160
26 years$1,891$1,424$1,057$776$563$135
27 years$1,801$1,340$982$710$508$113
28 years$1,718$1,263$913$650$458$96
29 years$1,641$1,191$849$596$414$81
30 years$1,569$1,125$791$547$374$68
31 years$1,502$1,064$738$503$338$57
32 years$1,440$1,006$688$462$306$48
33 years$1,381$953$643$425$277$41
34 years$1,325$903$600$391$250$34
35 years$1,274$857$561$360$227$29
36 years$1,225$813$525$331$206$24
37 years$1,178$772$491$305$186$21
38 years$1,135$734$460$281$169$17
39 years$1,093$698$431$260$153$15
40 years$1,054$664$404$239$139$12
41 years$1,017$632$379$221$126$10
42 years$982$602$355$204$114$9
43 years$948$574$334$188$104$7
44 years$916$547$313$174$94$6
45 years$886$521$294$160$86$5
46 years$857$497$276$148$78$4
47 years$829$475$259$137$71$4
48 years$802$453$244$127$64$3
49 years$777$433$229$117$58$3
50 years$753$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 $771,000, adding $2,304 every year, while hoping to spend $37,077 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: 61/19/20 Blend
57$771,000$771,000$771,000$771,000
58$852,019$811,156$799,205$899,425
59$899,475$811,453$786,529$932,037
60$950,529$810,521$772,185$963,304
61$1,005,509$808,263$756,079$996,583
62$1,064,774$804,571$738,112$1,032,077
63$1,128,721$799,335$718,178$1,070,006
64$1,197,784$792,436$696,170$1,110,617
65$1,272,440$783,747$671,974$1,154,183
66$1,353,214$773,136$645,470$1,201,004
67$1,440,683$760,461$616,535$1,251,416
68$1,535,481$745,572$585,037$1,305,788
69$1,638,306$728,311$550,842$1,364,529
70$1,749,924$708,509$513,806$1,428,092
71$1,871,180$685,990$473,782$1,496,978
72$2,003,001$660,564$430,614$1,571,741
73$2,146,408$632,032$384,141$1,652,995
74$2,302,524$600,184$334,192$1,741,417
75$2,472,585$564,796$280,591$1,837,758
76$2,657,951$525,634$223,153$1,942,846
77$2,860,119$482,447$161,686$2,057,600
78$3,080,737$434,973$95,988$2,183,031
79$3,321,617$382,932$25,849$2,320,261
80$3,584,757$326,030$0$2,470,527
81$3,872,353$263,957$0$2,645,656
82$4,186,826$196,383$0$2,843,266
83$4,530,839$122,963$0$3,059,560
84$4,907,325$43,329$0$3,296,433
85$5,319,515$0$0$3,555,981
86$5,770,965$0$0$3,849,484
87$6,265,592$0$0$4,181,041
88$6,807,709$0$0$4,544,492
89$7,402,068$0$0$4,943,031
90$8,053,900$0$0$5,380,173
91$8,768,969$0$0$5,859,791
92$9,553,623$0$0$6,386,152
93$10,414,853$0$0$6,963,955
94$11,360,362$0$0$7,598,376
95$12,398,633$0$0$8,295,116
96$13,539,013$0$0$9,060,458
97$14,791,796$0$0$9,901,321
98$16,168,325$0$0$10,825,328
99$17,681,095$0$0$11,840,877
100$19,343,871$0$0$12,957,220