Can I retire at age 58 with 774,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$63,916$63,347$62,791$62,249$61,720$61,357
2 years$31,642$31,052$30,481$29,928$29,390$29,024
3 years$20,885$20,293$19,723$19,175$18,646$18,288
4 years$15,508$14,918$14,354$13,814$13,299$12,951
5 years$12,282$11,696$11,139$10,611$10,110$9,774
6 years$10,132$9,550$9,002$8,486$7,999$7,676
7 years$8,597$8,020$7,481$6,976$6,506$6,195
8 years$7,447$6,875$6,344$5,852$5,397$5,099
9 years$6,552$5,986$5,464$4,985$4,545$4,259
10 years$5,837$5,276$4,764$4,297$3,873$3,599
11 years$5,253$4,697$4,194$3,740$3,331$3,069
12 years$4,766$4,216$3,722$3,280$2,886$2,637
13 years$4,354$3,810$3,325$2,896$2,517$2,279
14 years$4,001$3,463$2,988$2,571$2,206$1,980
15 years$3,696$3,164$2,698$2,293$1,943$1,727
16 years$3,429$2,903$2,446$2,053$1,717$1,512
17 years$3,194$2,673$2,226$1,844$1,522$1,328
18 years$2,985$2,470$2,032$1,662$1,354$1,169
19 years$2,798$2,289$1,860$1,502$1,206$1,032
20 years$2,631$2,127$1,707$1,360$1,078$913
21 years$2,479$1,981$1,570$1,235$964$809
22 years$2,341$1,850$1,447$1,122$864$717
23 years$2,216$1,730$1,336$1,022$776$637
24 years$2,101$1,621$1,236$932$697$567
25 years$1,995$1,521$1,144$851$628$505
26 years$1,898$1,430$1,061$779$565$450
27 years$1,808$1,345$986$713$510$401
28 years$1,725$1,268$916$653$460$358
29 years$1,648$1,196$853$599$415$320
30 years$1,576$1,129$794$550$375$285
31 years$1,508$1,068$740$505$339$255
32 years$1,445$1,010$691$464$307$228
33 years$1,386$957$645$427$278$204
34 years$1,331$907$603$392$251$183
35 years$1,278$860$563$361$228$164
36 years$1,229$816$527$333$206$147
37 years$1,183$775$493$307$187$131
38 years$1,139$737$462$283$170$118
39 years$1,098$701$433$261$154$105
40 years$1,058$667$406$240$139$94
41 years$1,021$635$380$222$127$85
42 years$985$604$357$205$115$76
43 years$952$576$335$189$104$68
44 years$920$549$314$174$95$61
45 years$889$523$295$161$86$55
46 years$860$499$277$149$78$49
47 years$832$476$260$137$71$44
48 years$805$455$245$127$64$40
49 years$780$434$230$117$58$35
50 years$756$415$216$108$53$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $774,000, adding $6,518 every year, while hoping to spend $23,591 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: 72/15/13 Blend
57$774,000$774,000$774,000$774,000
58$859,671$818,649$806,652$918,717
59$922,257$833,662$808,575$973,706
60$990,436$848,621$809,770$1,030,383
61$1,064,754$863,496$810,191$1,091,816
62$1,145,810$878,259$809,784$1,158,470
63$1,234,267$892,878$808,496$1,230,856
64$1,330,851$907,318$806,270$1,309,539
65$1,436,364$921,542$803,045$1,395,141
66$1,551,686$935,511$798,761$1,488,346
67$1,677,789$949,182$793,350$1,589,908
68$1,815,741$962,510$786,745$1,700,661
69$1,966,719$975,445$778,873$1,821,520
70$2,132,019$987,936$769,660$1,953,494
71$2,313,067$999,927$759,025$2,097,698
72$2,511,434$1,011,358$746,887$2,255,356
73$2,728,852$1,022,166$733,160$2,427,821
74$2,967,226$1,032,284$717,752$2,616,582
75$3,228,655$1,041,637$700,568$2,823,281
76$3,515,451$1,050,151$681,511$3,049,726
77$3,830,161$1,057,742$660,475$3,297,912
78$4,175,589$1,064,323$637,353$3,570,035
79$4,554,826$1,069,802$612,031$3,868,518
80$4,971,275$1,074,078$584,390$4,196,029
81$5,428,685$1,077,048$554,307$4,555,511
82$5,931,186$1,078,599$521,652$4,950,206
83$6,483,329$1,078,612$486,289$5,383,687
84$7,090,126$1,076,962$448,077$5,859,892
85$7,757,100$1,073,514$406,869$6,383,162
86$8,490,334$1,068,126$362,509$6,958,283
87$9,296,531$1,060,647$314,836$7,590,526
88$10,183,076$1,050,918$263,682$8,285,703
89$11,158,106$1,038,768$208,871$9,050,219
90$12,230,583$1,024,019$150,218$9,891,135
91$13,410,385$1,006,478$87,533$10,816,232
92$14,708,394$985,945$20,615$11,834,084
93$16,136,599$962,205$0$12,954,143
94$17,708,212$935,033$0$14,193,874
95$19,437,788$904,188$0$15,561,220
96$21,341,366$869,417$0$17,066,005
97$23,436,618$830,451$0$18,722,208
98$25,743,017$787,007$0$20,545,234
99$28,282,018$738,783$0$22,552,061
100$31,077,263$685,463$0$24,761,396