Can I retire at age 58 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$63,751$63,183$62,629$62,088$61,560$61,096
2 years$31,560$30,972$30,403$29,850$29,314$28,846
3 years$20,831$20,241$19,672$19,125$18,598$18,140
4 years$15,468$14,879$14,316$13,779$13,264$12,821
5 years$12,250$11,665$11,110$10,583$10,083$9,655
6 years$10,106$9,526$8,979$8,464$7,979$7,567
7 years$8,575$8,000$7,461$6,958$6,489$6,093
8 years$7,428$6,857$6,328$5,837$5,383$5,004
9 years$6,535$5,970$5,450$4,972$4,533$4,170
10 years$5,822$5,263$4,752$4,286$3,863$3,515
11 years$5,239$4,685$4,183$3,730$3,322$2,990
12 years$4,753$4,205$3,712$3,272$2,879$2,563
13 years$4,343$3,800$3,317$2,888$2,510$2,209
14 years$3,991$3,454$2,980$2,564$2,201$1,914
15 years$3,686$3,155$2,691$2,287$1,938$1,665
16 years$3,420$2,895$2,440$2,047$1,712$1,454
17 years$3,186$2,666$2,220$1,840$1,518$1,274
18 years$2,977$2,464$2,026$1,658$1,350$1,118
19 years$2,791$2,283$1,855$1,498$1,203$984
20 years$2,624$2,122$1,703$1,357$1,075$868
21 years$2,473$1,976$1,566$1,231$962$766
22 years$2,335$1,845$1,443$1,120$862$678
23 years$2,210$1,725$1,333$1,020$774$600
24 years$2,096$1,617$1,232$930$696$532
25 years$1,990$1,517$1,142$849$626$473
26 years$1,893$1,426$1,059$777$564$420
27 years$1,804$1,342$983$711$508$373
28 years$1,721$1,264$914$651$459$332
29 years$1,643$1,193$850$597$414$295
30 years$1,571$1,127$792$548$374$263
31 years$1,504$1,065$739$503$338$234
32 years$1,441$1,008$689$463$306$209
33 years$1,383$954$643$425$277$186
34 years$1,327$904$601$391$251$166
35 years$1,275$858$562$360$227$148
36 years$1,226$814$526$332$206$132
37 years$1,180$773$492$306$187$118
38 years$1,136$735$461$282$169$106
39 years$1,095$699$432$260$153$94
40 years$1,055$665$405$240$139$84
41 years$1,018$633$379$221$126$75
42 years$983$603$356$204$115$67
43 years$949$574$334$188$104$60
44 years$917$547$314$174$94$54
45 years$887$522$294$161$86$48
46 years$858$498$276$148$78$43
47 years$830$475$260$137$71$38
48 years$803$454$244$127$64$34
49 years$778$433$229$117$58$31
50 years$754$414$216$108$53$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $772,000, adding $4,461 every year, while hoping to spend $21,362 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: 53/28/19 Blend
57$772,000$772,000$772,000$772,000
58$855,346$814,430$802,464$896,022
59$919,862$831,608$806,617$941,591
60$990,243$848,911$810,194$988,535
61$1,067,064$866,325$813,152$1,039,154
62$1,150,959$883,829$815,447$1,093,802
63$1,242,626$901,406$817,034$1,152,874
64$1,342,832$919,033$817,863$1,216,801
65$1,452,424$936,688$817,883$1,286,060
66$1,572,331$954,346$817,042$1,361,178
67$1,703,579$971,979$815,284$1,442,735
68$1,847,297$989,559$812,549$1,531,369
69$2,004,727$1,007,054$808,775$1,627,786
70$2,177,240$1,024,429$803,899$1,732,762
71$2,366,341$1,041,649$797,853$1,847,154
72$2,573,692$1,058,674$790,565$1,971,906
73$2,801,122$1,075,462$781,962$2,108,059
74$3,050,643$1,091,967$771,965$2,256,762
75$3,324,476$1,108,141$760,493$2,419,279
76$3,625,064$1,123,932$747,461$2,597,007
77$3,955,099$1,139,283$732,780$2,791,483
78$4,317,547$1,154,135$716,355$3,004,404
79$4,715,673$1,168,424$698,089$3,237,639
80$5,153,077$1,182,082$677,881$3,493,252
81$5,633,723$1,195,036$655,622$3,773,513
82$6,161,978$1,207,208$631,201$4,080,931
83$6,742,654$1,218,516$604,500$4,418,267
84$7,381,052$1,228,870$575,398$4,788,568
85$8,083,012$1,238,178$543,767$5,195,193
86$8,854,969$1,246,337$509,472$5,641,843
87$9,704,010$1,253,243$472,374$6,132,601
88$10,637,948$1,258,780$432,328$6,671,966
89$11,665,388$1,262,830$389,179$7,264,899
90$12,795,811$1,265,262$342,770$7,916,870
91$14,039,664$1,265,940$292,934$8,633,907
92$15,408,459$1,264,721$239,497$9,422,657
93$16,914,879$1,261,449$182,277$10,290,447
94$18,572,899$1,255,962$121,085$11,245,355
95$20,397,916$1,248,086$55,723$12,296,284
96$22,406,899$1,237,637$0$13,453,049
97$24,618,542$1,224,421$0$14,729,316
98$27,053,447$1,208,231$0$16,146,406
99$29,734,312$1,188,847$0$17,706,205
100$32,686,149$1,166,039$0$19,423,254