Can I retire at age 58 with 776,000?

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 $776,000?

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$64,081$63,511$62,954$62,410$61,879$60,879
2 years$31,723$31,133$30,560$30,005$29,466$28,462
3 years$20,939$20,346$19,774$19,224$18,695$17,716
4 years$15,548$14,956$14,391$13,850$13,333$12,389
5 years$12,314$11,726$11,168$10,638$10,136$9,228
6 years$10,159$9,575$9,025$8,507$8,020$7,150
7 years$8,620$8,041$7,500$6,994$6,522$5,691
8 years$7,466$6,893$6,361$5,867$5,411$4,618
9 years$6,569$6,001$5,478$4,998$4,557$3,801
10 years$5,852$5,290$4,776$4,308$3,883$3,164
11 years$5,266$4,709$4,205$3,749$3,339$2,656
12 years$4,778$4,227$3,732$3,289$2,894$2,246
13 years$4,365$3,820$3,334$2,903$2,523$1,910
14 years$4,012$3,472$2,996$2,577$2,212$1,632
15 years$3,706$3,172$2,705$2,299$1,948$1,400
16 years$3,438$2,910$2,452$2,058$1,721$1,205
17 years$3,202$2,680$2,231$1,849$1,526$1,040
18 years$2,993$2,476$2,037$1,666$1,357$899
19 years$2,806$2,295$1,865$1,506$1,210$779
20 years$2,637$2,133$1,711$1,364$1,080$677
21 years$2,485$1,987$1,574$1,238$967$588
22 years$2,347$1,854$1,451$1,125$867$512
23 years$2,222$1,734$1,340$1,025$778$446
24 years$2,106$1,625$1,239$935$699$389
25 years$2,001$1,525$1,147$854$629$340
26 years$1,903$1,433$1,064$781$567$297
27 years$1,813$1,349$988$714$511$260
28 years$1,730$1,271$919$655$461$227
29 years$1,652$1,199$855$600$416$199
30 years$1,580$1,132$796$551$376$174
31 years$1,512$1,070$742$506$340$152
32 years$1,449$1,013$693$465$308$134
33 years$1,390$959$647$428$278$117
34 years$1,334$909$604$393$252$103
35 years$1,282$862$565$362$228$90
36 years$1,232$818$528$334$207$79
37 years$1,186$777$495$307$187$69
38 years$1,142$739$463$283$170$61
39 years$1,100$702$434$261$154$53
40 years$1,061$668$407$241$140$47
41 years$1,023$636$381$222$127$41
42 years$988$606$358$205$115$36
43 years$954$577$336$189$104$32
44 years$922$550$315$175$95$28
45 years$891$525$296$161$86$24
46 years$862$501$278$149$78$21
47 years$834$478$261$138$71$19
48 years$808$456$245$127$64$16
49 years$782$435$231$118$59$14
50 years$758$416$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 $776,000, adding $2,743 every year, while hoping to spend $57,195 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: 50/45/5 Blend
57$776,000$776,000$776,000$776,000
58$857,981$816,853$804,825$899,721
59$884,640$796,024$770,932$907,585
60$912,102$772,257$733,986$909,732
61$940,387$745,349$693,826$910,687
62$969,518$715,082$650,280$910,353
63$999,516$681,228$603,171$908,624
64$1,030,403$643,546$552,315$905,389
65$1,062,203$601,778$497,516$900,530
66$1,094,937$555,655$438,572$893,921
67$1,128,629$504,890$375,273$885,428
68$1,163,300$449,180$307,395$874,910
69$1,198,974$388,207$234,710$862,218
70$1,235,672$321,633$156,976$847,190
71$1,273,418$249,099$73,942$829,659
72$1,312,232$170,231$0$809,446
73$1,352,136$84,629$0$787,142
74$1,393,152$0$0$766,024
75$1,435,298$0$0$745,970
76$1,478,595$0$0$768,413
77$1,523,061$0$0$791,455
78$1,568,712$0$0$815,104
79$1,615,563$0$0$839,368
80$1,663,629$0$0$864,252
81$1,712,921$0$0$889,761
82$1,763,449$0$0$915,899
83$1,815,218$0$0$942,667
84$1,868,232$0$0$970,066
85$1,922,492$0$0$998,094
86$1,977,992$0$0$1,026,747
87$2,034,725$0$0$1,056,018
88$2,092,676$0$0$1,085,898
89$2,151,827$0$0$1,116,375
90$2,212,150$0$0$1,147,430
91$2,273,612$0$0$1,179,045
92$2,336,172$0$0$1,211,193
93$2,399,779$0$0$1,243,845
94$2,464,371$0$0$1,276,965
95$2,529,875$0$0$1,310,510
96$2,596,207$0$0$1,344,429
97$2,663,265$0$0$1,378,667
98$2,730,934$0$0$1,413,155
99$2,799,079$0$0$1,447,819
100$2,867,547$0$0$1,482,569