Can I retire at age 58 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$63,834$63,265$62,710$62,169$61,640$60,322
2 years$31,601$31,012$30,442$29,889$29,352$28,030
3 years$20,858$20,267$19,698$19,150$18,622$17,338
4 years$15,488$14,898$14,335$13,797$13,282$12,045
5 years$12,266$11,680$11,125$10,597$10,096$8,911
6 years$10,119$9,538$8,990$8,475$7,989$6,856
7 years$8,586$8,010$7,471$6,967$6,497$5,417
8 years$7,437$6,866$6,336$5,845$5,390$4,362
9 years$6,544$5,978$5,457$4,978$4,539$3,563
10 years$5,830$5,269$4,758$4,291$3,868$2,942
11 years$5,246$4,691$4,189$3,735$3,326$2,450
12 years$4,759$4,210$3,717$3,276$2,882$2,054
13 years$4,348$3,805$3,321$2,892$2,514$1,732
14 years$3,996$3,459$2,984$2,567$2,203$1,467
15 years$3,691$3,160$2,694$2,290$1,940$1,247
16 years$3,425$2,899$2,443$2,050$1,715$1,063
17 years$3,190$2,670$2,223$1,842$1,520$909
18 years$2,981$2,467$2,029$1,660$1,352$779
19 years$2,795$2,286$1,858$1,500$1,205$669
20 years$2,627$2,125$1,705$1,359$1,076$575
21 years$2,476$1,979$1,568$1,233$963$495
22 years$2,338$1,847$1,445$1,121$863$427
23 years$2,213$1,728$1,334$1,021$775$368
24 years$2,098$1,619$1,234$931$697$318
25 years$1,993$1,519$1,143$850$627$275
26 years$1,896$1,428$1,060$778$565$237
27 years$1,806$1,344$984$712$509$205
28 years$1,723$1,266$915$652$459$178
29 years$1,646$1,194$852$598$415$154
30 years$1,573$1,128$793$549$375$133
31 years$1,506$1,066$739$504$339$116
32 years$1,443$1,009$690$463$306$100
33 years$1,384$956$644$426$277$87
34 years$1,329$906$602$392$251$75
35 years$1,277$859$563$361$227$65
36 years$1,228$815$526$332$206$57
37 years$1,181$774$493$306$187$49
38 years$1,138$736$461$282$169$43
39 years$1,096$700$432$260$154$37
40 years$1,057$666$405$240$139$32
41 years$1,020$634$380$221$126$28
42 years$984$604$356$204$115$24
43 years$950$575$334$189$104$21
44 years$918$548$314$174$94$18
45 years$888$523$295$161$86$16
46 years$859$499$277$149$78$14
47 years$831$476$260$137$71$12
48 years$804$454$244$127$64$10
49 years$779$434$230$117$58$9
50 years$755$414$216$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $773,000, adding $4,388 every year, while hoping to spend $34,898 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: 53/34/13 Blend
57$773,000$773,000$773,000$773,000
58$856,372$815,403$803,422$898,598
59$906,591$818,227$793,205$930,691
60$960,762$820,019$781,477$961,482
61$1,019,253$820,693$768,149$994,184
62$1,082,465$820,155$753,130$1,028,987
63$1,150,841$818,307$736,324$1,066,102
64$1,224,867$815,044$717,632$1,105,762
65$1,305,078$810,256$696,947$1,148,226
66$1,392,062$803,824$674,160$1,193,780
67$1,486,465$795,624$649,157$1,242,742
68$1,588,997$785,523$621,818$1,295,464
69$1,700,442$773,381$592,016$1,352,336
70$1,821,660$759,049$559,621$1,413,790
71$1,953,596$742,370$524,495$1,480,304
72$2,097,293$723,176$486,496$1,552,408
73$2,253,897$701,292$445,473$1,630,689
74$2,424,669$676,529$401,271$1,715,794
75$2,610,997$648,691$353,725$1,808,444
76$2,814,409$617,567$302,665$1,909,433
77$3,036,587$582,937$247,913$2,019,639
78$3,279,384$544,565$189,283$2,140,038
79$3,544,838$502,206$126,581$2,271,705
80$3,835,192$455,595$59,603$2,415,830
81$4,152,920$404,457$0$2,573,730
82$4,500,742$348,500$0$2,748,507
83$4,881,655$287,413$0$2,949,055
84$5,298,959$220,872$0$3,168,906
85$5,756,288$148,530$0$3,410,062
86$6,257,645$70,023$0$3,674,729
87$6,807,438$0$0$3,965,345
88$7,410,523$0$0$4,290,225
89$8,072,247$0$0$4,675,516
90$8,798,501$0$0$5,098,459
91$9,595,775$0$0$5,562,842
92$10,471,214$0$0$6,072,839
93$11,432,694$0$0$6,633,047
94$12,488,887$0$0$7,248,530
95$13,649,349$0$0$7,924,869
96$14,924,605$0$0$8,668,210
97$16,326,253$0$0$9,485,323
98$17,867,069$0$0$10,383,671
99$19,561,126$0$0$11,371,472
100$21,423,934$0$0$12,457,781