Can I retire at age 58 with 775,000?

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 $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%13.9%
1 years$63,999$63,429$62,873$62,330$61,800$60,801
2 years$31,683$31,093$30,521$29,966$29,428$28,425
3 years$20,912$20,319$19,749$19,200$18,671$17,694
4 years$15,528$14,937$14,372$13,832$13,316$12,373
5 years$12,298$11,711$11,153$10,624$10,123$9,216
6 years$10,145$9,563$9,014$8,496$8,010$7,141
7 years$8,609$8,031$7,490$6,985$6,514$5,684
8 years$7,456$6,884$6,352$5,860$5,404$4,612
9 years$6,561$5,994$5,471$4,991$4,551$3,796
10 years$5,845$5,283$4,770$4,303$3,878$3,160
11 years$5,259$4,703$4,199$3,745$3,335$2,653
12 years$4,772$4,221$3,727$3,284$2,890$2,243
13 years$4,359$3,815$3,330$2,900$2,520$1,908
14 years$4,006$3,468$2,992$2,574$2,209$1,630
15 years$3,701$3,168$2,701$2,296$1,945$1,398
16 years$3,434$2,906$2,449$2,055$1,719$1,203
17 years$3,198$2,677$2,229$1,847$1,524$1,038
18 years$2,989$2,473$2,034$1,664$1,355$898
19 years$2,802$2,292$1,862$1,504$1,208$778
20 years$2,634$2,130$1,709$1,362$1,079$676
21 years$2,482$1,984$1,572$1,236$966$588
22 years$2,344$1,852$1,449$1,124$866$512
23 years$2,219$1,732$1,338$1,024$777$446
24 years$2,104$1,623$1,237$934$698$389
25 years$1,998$1,523$1,146$853$628$340
26 years$1,901$1,431$1,063$780$566$297
27 years$1,811$1,347$987$714$510$259
28 years$1,727$1,269$917$654$460$227
29 years$1,650$1,198$854$600$416$199
30 years$1,578$1,131$795$550$376$174
31 years$1,510$1,069$741$505$340$152
32 years$1,447$1,012$692$464$307$133
33 years$1,388$958$646$427$278$117
34 years$1,332$908$603$393$252$102
35 years$1,280$861$564$362$228$90
36 years$1,231$817$528$333$207$79
37 years$1,184$776$494$307$187$69
38 years$1,140$738$463$283$170$61
39 years$1,099$702$433$261$154$53
40 years$1,060$667$406$241$140$47
41 years$1,022$635$381$222$127$41
42 years$987$605$357$205$115$36
43 years$953$577$335$189$104$31
44 years$921$550$315$175$95$28
45 years$890$524$296$161$86$24
46 years$861$500$278$149$78$21
47 years$833$477$261$138$71$19
48 years$807$455$245$127$64$16
49 years$781$435$230$118$58$14
50 years$757$415$217$109$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $775,000, adding $6,886 every year, while hoping to spend $23,670 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: 45/48/7 Blend
57$775,000$775,000$775,000$775,000
58$861,153$820,078$808,065$897,921
59$923,806$835,077$809,951$938,997
60$992,056$850,018$811,106$980,505
61$1,066,449$864,872$811,482$1,024,962
62$1,147,587$879,611$811,026$1,072,647
63$1,236,130$894,201$809,685$1,123,867
64$1,332,806$908,607$807,400$1,178,962
65$1,438,416$922,793$804,112$1,238,306
66$1,553,844$936,719$799,759$1,302,312
67$1,680,059$950,342$794,274$1,371,435
68$1,818,131$963,615$787,588$1,446,178
69$1,969,238$976,490$779,630$1,527,094
70$2,134,677$988,914$770,324$1,614,795
71$2,315,874$1,000,830$759,590$1,709,955
72$2,514,402$1,012,180$747,345$1,813,316
73$2,731,993$1,022,899$733,503$1,925,701
74$2,970,553$1,032,918$717,973$2,048,012
75$3,232,183$1,042,165$700,659$2,181,248
76$3,519,197$1,050,562$681,462$2,326,511
77$3,834,142$1,058,026$660,277$2,485,015
78$4,179,825$1,064,470$636,997$2,658,099
79$4,559,337$1,069,799$611,507$2,847,241
80$4,976,085$1,073,914$583,687$3,054,071
81$5,433,819$1,076,710$553,414$3,280,388
82$5,936,673$1,078,073$520,558$3,528,175
83$6,489,198$1,077,883$484,982$3,799,620
84$7,096,412$1,076,015$446,544$4,097,135
85$7,763,838$1,072,332$405,095$4,423,383
86$8,497,565$1,066,692$360,482$4,781,298
87$9,304,300$1,058,943$312,541$5,174,119
88$10,191,431$1,048,923$261,103$5,605,417
89$11,167,099$1,036,463$205,992$6,079,129
90$12,240,274$1,021,380$147,024$6,599,600
91$13,420,837$1,003,483$84,005$7,171,621
92$14,719,678$982,570$16,735$7,800,472
93$16,148,794$958,424$0$8,491,981
94$17,721,401$930,817$0$9,256,685
95$19,452,066$899,509$0$10,099,156
96$21,356,836$864,244$0$11,025,973
97$23,453,393$824,751$0$12,045,769
98$25,761,220$780,746$0$13,168,061
99$28,301,787$731,925$0$14,403,344
100$31,098,749$677,969$0$15,763,188