Can I retire at age 58 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$63,916$63,347$62,791$62,249$61,720$60,155
2 years$31,642$31,052$30,481$29,928$29,390$27,824
3 years$20,885$20,293$19,723$19,175$18,646$17,127
4 years$15,508$14,918$14,354$13,814$13,299$11,839
5 years$12,282$11,696$11,139$10,611$10,110$8,713
6 years$10,132$9,550$9,002$8,486$7,999$6,667
7 years$8,597$8,020$7,481$6,976$6,506$5,238
8 years$7,447$6,875$6,344$5,852$5,397$4,193
9 years$6,552$5,986$5,464$4,985$4,545$3,405
10 years$5,837$5,276$4,764$4,297$3,873$2,794
11 years$5,253$4,697$4,194$3,740$3,331$2,312
12 years$4,766$4,216$3,722$3,280$2,886$1,926
13 years$4,354$3,810$3,325$2,896$2,517$1,613
14 years$4,001$3,463$2,988$2,571$2,206$1,357
15 years$3,696$3,164$2,698$2,293$1,943$1,145
16 years$3,429$2,903$2,446$2,053$1,717$970
17 years$3,194$2,673$2,226$1,844$1,522$823
18 years$2,985$2,470$2,032$1,662$1,354$700
19 years$2,798$2,289$1,860$1,502$1,206$597
20 years$2,631$2,127$1,707$1,360$1,078$509
21 years$2,479$1,981$1,570$1,235$964$435
22 years$2,341$1,850$1,447$1,122$864$372
23 years$2,216$1,730$1,336$1,022$776$318
24 years$2,101$1,621$1,236$932$697$273
25 years$1,995$1,521$1,144$851$628$234
26 years$1,898$1,430$1,061$779$565$201
27 years$1,808$1,345$986$713$510$172
28 years$1,725$1,268$916$653$460$148
29 years$1,648$1,196$853$599$415$127
30 years$1,576$1,129$794$550$375$109
31 years$1,508$1,068$740$505$339$94
32 years$1,445$1,010$691$464$307$80
33 years$1,386$957$645$427$278$69
34 years$1,331$907$603$392$251$59
35 years$1,278$860$563$361$228$51
36 years$1,229$816$527$333$206$44
37 years$1,183$775$493$307$187$38
38 years$1,139$737$462$283$170$33
39 years$1,098$701$433$261$154$28
40 years$1,058$667$406$240$139$24
41 years$1,021$635$380$222$127$21
42 years$985$604$357$205$115$18
43 years$952$576$335$189$104$15
44 years$920$549$314$174$95$13
45 years$889$523$295$161$86$11
46 years$860$499$277$149$78$10
47 years$832$476$260$137$71$8
48 years$805$455$245$127$64$7
49 years$780$434$230$117$58$6
50 years$756$415$216$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $774,000, adding $6,649 every year, while hoping to spend $37,067 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: 24/47/29 Blend
57$774,000$774,000$774,000$774,000
58$859,806$818,784$806,787$872,501
59$908,068$819,466$794,376$884,530
60$960,009$818,938$780,306$893,862
61$1,015,967$817,104$764,484$903,088
62$1,076,311$813,857$746,809$912,226
63$1,141,447$809,088$727,179$921,296
64$1,211,820$802,679$705,485$930,327
65$1,287,921$794,505$681,614$939,352
66$1,370,287$784,434$655,446$948,414
67$1,459,511$772,326$626,858$957,563
68$1,556,244$758,033$595,721$966,858
69$1,661,201$741,397$561,898$976,372
70$1,775,170$722,251$525,248$986,187
71$1,899,016$700,420$485,622$996,403
72$2,033,692$675,717$442,867$1,007,131
73$2,180,246$647,945$396,820$1,018,504
74$2,339,830$616,893$347,313$1,030,674
75$2,513,714$582,342$294,169$1,043,813
76$2,703,293$544,057$237,204$1,058,121
77$2,910,105$501,792$176,226$1,073,825
78$3,135,840$455,284$111,034$1,091,183
79$3,382,361$404,258$41,419$1,110,489
80$3,651,717$348,422$0$1,132,075
81$3,946,164$287,467$0$1,166,491
82$4,268,188$221,067$0$1,218,326
83$4,620,522$148,879$0$1,275,306
84$5,006,179$70,538$0$1,338,046
85$5,428,476$0$0$1,407,233
86$5,891,064$0$0$1,491,051
87$6,397,966$0$0$1,623,005
88$6,953,612$0$0$1,767,785
89$7,562,880$0$0$1,926,678
90$8,231,143$0$0$2,101,103
91$8,964,319$0$0$2,292,624
92$9,768,928$0$0$2,502,962
93$10,652,150$0$0$2,734,013
94$11,621,895$0$0$2,987,869
95$12,686,875$0$0$3,266,829
96$13,856,689$0$0$3,573,431
97$15,141,910$0$0$3,910,467
98$16,554,187$0$0$4,281,017
99$18,106,351$0$0$4,688,470
100$19,812,541$0$0$5,136,564