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%11.1%
1 years$63,751$63,183$62,629$62,088$61,560$61,275
2 years$31,560$30,972$30,403$29,850$29,314$29,027
3 years$20,831$20,241$19,672$19,125$18,598$18,317
4 years$15,468$14,879$14,316$13,779$13,264$12,991
5 years$12,250$11,665$11,110$10,583$10,083$9,819
6 years$10,106$9,526$8,979$8,464$7,979$7,724
7 years$8,575$8,000$7,461$6,958$6,489$6,244
8 years$7,428$6,857$6,328$5,837$5,383$5,148
9 years$6,535$5,970$5,450$4,972$4,533$4,308
10 years$5,822$5,263$4,752$4,286$3,863$3,647
11 years$5,239$4,685$4,183$3,730$3,322$3,115
12 years$4,753$4,205$3,712$3,272$2,879$2,682
13 years$4,343$3,800$3,317$2,888$2,510$2,322
14 years$3,991$3,454$2,980$2,564$2,201$2,021
15 years$3,686$3,155$2,691$2,287$1,938$1,767
16 years$3,420$2,895$2,440$2,047$1,712$1,550
17 years$3,186$2,666$2,220$1,840$1,518$1,364
18 years$2,977$2,464$2,026$1,658$1,350$1,204
19 years$2,791$2,283$1,855$1,498$1,203$1,065
20 years$2,624$2,122$1,703$1,357$1,075$944
21 years$2,473$1,976$1,566$1,231$962$838
22 years$2,335$1,845$1,443$1,120$862$745
23 years$2,210$1,725$1,333$1,020$774$663
24 years$2,096$1,617$1,232$930$696$591
25 years$1,990$1,517$1,142$849$626$527
26 years$1,893$1,426$1,059$777$564$471
27 years$1,804$1,342$983$711$508$421
28 years$1,721$1,264$914$651$459$377
29 years$1,643$1,193$850$597$414$337
30 years$1,571$1,127$792$548$374$302
31 years$1,504$1,065$739$503$338$271
32 years$1,441$1,008$689$463$306$243
33 years$1,383$954$643$425$277$218
34 years$1,327$904$601$391$251$195
35 years$1,275$858$562$360$227$175
36 years$1,226$814$526$332$206$157
37 years$1,180$773$492$306$187$141
38 years$1,136$735$461$282$169$127
39 years$1,095$699$432$260$153$114
40 years$1,055$665$405$240$139$102
41 years$1,018$633$379$221$126$92
42 years$983$603$356$204$115$83
43 years$949$574$334$188$104$74
44 years$917$547$314$174$94$67
45 years$887$522$294$161$86$60
46 years$858$498$276$148$78$54
47 years$830$475$260$137$71$49
48 years$803$454$244$127$64$44
49 years$778$433$229$117$58$39
50 years$754$414$216$108$53$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $772,000, adding $6,784 every year, while hoping to spend $40,313 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: 62/29/9 Blend
57$772,000$772,000$772,000$772,000
58$857,742$816,826$804,860$908,831
59$902,339$813,957$788,930$940,962
60$950,133$809,598$771,115$970,742
61$1,001,409$803,630$751,310$1,002,231
62$1,056,478$795,933$729,404$1,035,592
63$1,115,681$786,376$705,281$1,071,010
64$1,179,393$774,821$678,820$1,108,687
65$1,248,026$761,122$649,895$1,148,849
66$1,322,031$745,124$618,374$1,191,745
67$1,401,907$726,663$584,118$1,237,652
68$1,488,199$705,567$546,983$1,286,877
69$1,581,506$681,650$506,818$1,339,761
70$1,682,487$654,720$463,464$1,396,679
71$1,791,869$624,569$416,758$1,458,049
72$1,910,447$590,980$366,527$1,524,334
73$2,039,099$553,724$312,592$1,596,046
74$2,178,786$512,556$254,763$1,673,751
75$2,330,571$467,220$192,846$1,758,079
76$2,495,618$417,442$126,636$1,849,723
77$2,675,211$362,937$55,918$1,949,453
78$2,870,762$303,400$0$2,058,121
79$3,083,822$238,509$0$2,178,547
80$3,316,103$167,927$0$2,315,747
81$3,569,485$91,295$0$2,465,523
82$3,846,038$8,234$0$2,629,174
83$4,148,043$0$0$2,808,136
84$4,478,008$0$0$3,030,053
85$4,838,696$0$0$3,275,560
86$5,233,148$0$0$3,544,106
87$5,664,712$0$0$3,837,980
88$6,137,076$0$0$4,159,698
89$6,654,300$0$0$4,512,034
90$7,220,855$0$0$4,898,042
91$7,841,665$0$0$5,321,084
92$8,522,152$0$0$5,784,866
93$9,268,289$0$0$6,293,465
94$10,086,653$0$0$6,851,376
95$10,984,490$0$0$7,463,547
96$11,969,781$0$0$8,135,430
97$13,051,314$0$0$8,873,028
98$14,238,773$0$0$9,682,957
99$15,542,823$0$0$10,572,502
100$16,975,216$0$0$11,549,690