Can I retire at age 58 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$63,999$63,429$62,873$62,330$61,800$59,893
2 years$31,683$31,093$30,521$29,966$29,428$27,524
3 years$20,912$20,319$19,749$19,200$18,671$16,829
4 years$15,528$14,937$14,372$13,832$13,316$11,550
5 years$12,298$11,711$11,153$10,624$10,123$8,438
6 years$10,145$9,563$9,014$8,496$8,010$6,408
7 years$8,609$8,031$7,490$6,985$6,514$4,994
8 years$7,456$6,884$6,352$5,860$5,404$3,966
9 years$6,561$5,994$5,471$4,991$4,551$3,192
10 years$5,845$5,283$4,770$4,303$3,878$2,597
11 years$5,259$4,703$4,199$3,745$3,335$2,130
12 years$4,772$4,221$3,727$3,284$2,890$1,758
13 years$4,359$3,815$3,330$2,900$2,520$1,458
14 years$4,006$3,468$2,992$2,574$2,209$1,215
15 years$3,701$3,168$2,701$2,296$1,945$1,016
16 years$3,434$2,906$2,449$2,055$1,719$851
17 years$3,198$2,677$2,229$1,847$1,524$715
18 years$2,989$2,473$2,034$1,664$1,355$602
19 years$2,802$2,292$1,862$1,504$1,208$508
20 years$2,634$2,130$1,709$1,362$1,079$429
21 years$2,482$1,984$1,572$1,236$966$362
22 years$2,344$1,852$1,449$1,124$866$306
23 years$2,219$1,732$1,338$1,024$777$259
24 years$2,104$1,623$1,237$934$698$220
25 years$1,998$1,523$1,146$853$628$186
26 years$1,901$1,431$1,063$780$566$158
27 years$1,811$1,347$987$714$510$134
28 years$1,727$1,269$917$654$460$114
29 years$1,650$1,198$854$600$416$97
30 years$1,578$1,131$795$550$376$82
31 years$1,510$1,069$741$505$340$70
32 years$1,447$1,012$692$464$307$59
33 years$1,388$958$646$427$278$50
34 years$1,332$908$603$393$252$43
35 years$1,280$861$564$362$228$36
36 years$1,231$817$528$333$207$31
37 years$1,184$776$494$307$187$26
38 years$1,140$738$463$283$170$22
39 years$1,099$702$433$261$154$19
40 years$1,060$667$406$241$140$16
41 years$1,022$635$381$222$127$14
42 years$987$605$357$205$115$12
43 years$953$577$335$189$104$10
44 years$921$550$315$175$95$8
45 years$890$524$296$161$86$7
46 years$861$500$278$149$78$6
47 years$833$477$261$138$71$5
48 years$807$455$245$127$64$4
49 years$781$435$230$118$58$4
50 years$757$415$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $775,000, adding $5,401 every year, while hoping to spend $30,906 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: 44/49/7 Blend
57$775,000$775,000$775,000$775,000
58$859,621$818,546$806,534$895,506
59$914,419$825,771$800,669$928,105
60$973,770$832,314$793,572$959,807
61$1,038,106$838,110$785,168$993,449
62$1,107,903$843,087$775,381$1,029,221
63$1,183,682$847,171$764,129$1,067,331
64$1,266,018$850,283$751,328$1,108,011
65$1,355,543$852,337$736,888$1,151,517
66$1,452,951$853,245$720,717$1,198,134
67$1,559,008$852,910$702,717$1,248,176
68$1,674,555$851,231$682,787$1,301,993
69$1,800,519$848,101$660,819$1,359,969
70$1,937,919$843,404$636,703$1,422,534
71$2,087,876$837,021$610,323$1,490,159
72$2,251,627$828,822$581,555$1,563,370
73$2,430,529$818,671$550,274$1,642,746
74$2,626,081$806,423$516,346$1,728,929
75$2,839,929$791,926$479,632$1,822,629
76$3,073,889$775,017$439,986$1,924,633
77$3,329,957$755,525$397,257$2,035,810
78$3,610,334$733,267$351,287$2,157,122
79$3,917,443$708,052$301,909$2,289,633
80$4,253,950$679,674$248,952$2,434,518
81$4,622,794$647,920$192,233$2,593,079
82$5,027,211$612,560$131,565$2,766,755
83$5,470,765$573,354$66,751$2,957,134
84$5,957,381$530,046$0$3,165,975
85$6,491,382$482,366$0$3,395,401
86$7,077,532$430,031$0$3,652,710
87$7,721,076$372,738$0$3,935,299
88$8,427,792$310,169$0$4,245,808
89$9,204,048$241,988$0$4,587,150
90$10,056,855$167,840$0$4,962,544
91$10,993,939$87,349$0$5,375,541
92$12,023,812$119$0$5,830,066
93$13,155,848$0$0$6,330,449
94$14,400,380$0$0$6,932,301
95$15,768,786$0$0$7,594,234
96$17,273,606$0$0$8,322,262
97$18,928,655$0$0$9,123,081
98$20,749,152$0$0$10,004,070
99$22,751,868$0$0$10,973,358
100$24,955,280$0$0$12,039,904