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%11.7%
1 years$63,834$63,265$62,710$62,169$61,640$61,200
2 years$31,601$31,012$30,442$29,889$29,352$28,909
3 years$20,858$20,267$19,698$19,150$18,622$18,189
4 years$15,488$14,898$14,335$13,797$13,282$12,862
5 years$12,266$11,680$11,125$10,597$10,096$9,691
6 years$10,119$9,538$8,990$8,475$7,989$7,599
7 years$8,586$8,010$7,471$6,967$6,497$6,122
8 years$7,437$6,866$6,336$5,845$5,390$5,031
9 years$6,544$5,978$5,457$4,978$4,539$4,195
10 years$5,830$5,269$4,758$4,291$3,868$3,538
11 years$5,246$4,691$4,189$3,735$3,326$3,012
12 years$4,759$4,210$3,717$3,276$2,882$2,583
13 years$4,348$3,805$3,321$2,892$2,514$2,228
14 years$3,996$3,459$2,984$2,567$2,203$1,932
15 years$3,691$3,160$2,694$2,290$1,940$1,682
16 years$3,425$2,899$2,443$2,050$1,715$1,469
17 years$3,190$2,670$2,223$1,842$1,520$1,288
18 years$2,981$2,467$2,029$1,660$1,352$1,132
19 years$2,795$2,286$1,858$1,500$1,205$997
20 years$2,627$2,125$1,705$1,359$1,076$879
21 years$2,476$1,979$1,568$1,233$963$777
22 years$2,338$1,847$1,445$1,121$863$688
23 years$2,213$1,728$1,334$1,021$775$610
24 years$2,098$1,619$1,234$931$697$541
25 years$1,993$1,519$1,143$850$627$481
26 years$1,896$1,428$1,060$778$565$427
27 years$1,806$1,344$984$712$509$380
28 years$1,723$1,266$915$652$459$338
29 years$1,646$1,194$852$598$415$302
30 years$1,573$1,128$793$549$375$269
31 years$1,506$1,066$739$504$339$240
32 years$1,443$1,009$690$463$306$214
33 years$1,384$956$644$426$277$191
34 years$1,329$906$602$392$251$170
35 years$1,277$859$563$361$227$152
36 years$1,228$815$526$332$206$136
37 years$1,181$774$493$306$187$121
38 years$1,138$736$461$282$169$109
39 years$1,096$700$432$260$154$97
40 years$1,057$666$405$240$139$87
41 years$1,020$634$380$221$126$78
42 years$984$604$356$204$115$69
43 years$950$575$334$189$104$62
44 years$918$548$314$174$94$55
45 years$888$523$295$161$86$50
46 years$859$499$277$149$78$44
47 years$831$476$260$137$71$40
48 years$804$454$244$127$64$36
49 years$779$434$230$117$58$32
50 years$755$414$216$108$53$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $773,000, adding $3,163 every year, while hoping to spend $36,462 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: 32/40/28 Blend
57$773,000$773,000$773,000$773,000
58$855,109$814,140$802,158$875,086
59$903,534$815,237$790,235$891,765
60$955,678$815,166$776,691$906,279
61$1,011,879$813,832$761,432$921,199
62$1,072,512$811,131$744,362$936,589
63$1,137,989$806,957$725,379$952,516
64$1,208,761$801,196$704,376$969,063
65$1,285,325$793,724$681,243$986,321
66$1,368,226$784,415$655,862$1,004,396
67$1,458,065$773,131$628,114$1,023,405
68$1,555,502$759,728$597,869$1,043,486
69$1,661,261$744,053$564,996$1,064,790
70$1,776,141$725,943$529,355$1,087,491
71$1,901,020$705,227$490,801$1,111,786
72$2,036,864$681,723$449,183$1,137,893
73$2,184,735$655,238$404,341$1,166,062
74$2,345,803$625,569$356,111$1,196,571
75$2,521,353$592,501$304,319$1,229,734
76$2,712,802$555,804$248,785$1,265,902
77$2,921,709$515,240$189,320$1,305,469
78$3,149,788$470,551$125,727$1,348,877
79$3,398,928$421,470$57,801$1,396,619
80$3,671,209$367,712$0$1,449,246
81$3,968,918$308,976$0$1,511,764
82$4,294,576$244,944$0$1,599,185
83$4,650,956$175,280$0$1,695,061
84$5,041,116$99,631$0$1,800,318
85$5,468,418$17,621$0$1,915,986
86$5,936,567$0$0$2,043,205
87$6,449,645$0$0$2,214,553
88$7,012,144$0$0$2,411,027
89$7,629,014$0$0$2,626,616
90$8,305,707$0$0$2,863,239
91$9,048,226$0$0$3,123,011
92$9,863,184$0$0$3,408,264
93$10,757,868$0$0$3,721,564
94$11,740,302$0$0$4,065,739
95$12,819,326$0$0$4,443,903
96$14,004,677$0$0$4,859,489
97$15,307,085$0$0$5,316,278
98$16,738,367$0$0$5,818,435
99$18,311,544$0$0$6,370,548
100$20,040,959$0$0$6,977,674