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%18.1%
1 years$64,081$63,511$62,954$62,410$61,879$59,851
2 years$31,723$31,133$30,560$30,005$29,466$27,442
3 years$20,939$20,346$19,774$19,224$18,695$16,738
4 years$15,548$14,956$14,391$13,850$13,333$11,459
5 years$12,314$11,726$11,168$10,638$10,136$8,349
6 years$10,159$9,575$9,025$8,507$8,020$6,323
7 years$8,620$8,041$7,500$6,994$6,522$4,914
8 years$7,466$6,893$6,361$5,867$5,411$3,891
9 years$6,569$6,001$5,478$4,998$4,557$3,122
10 years$5,852$5,290$4,776$4,308$3,883$2,532
11 years$5,266$4,709$4,205$3,749$3,339$2,070
12 years$4,778$4,227$3,732$3,289$2,894$1,703
13 years$4,365$3,820$3,334$2,903$2,523$1,408
14 years$4,012$3,472$2,996$2,577$2,212$1,169
15 years$3,706$3,172$2,705$2,299$1,948$974
16 years$3,438$2,910$2,452$2,058$1,721$813
17 years$3,202$2,680$2,231$1,849$1,526$681
18 years$2,993$2,476$2,037$1,666$1,357$571
19 years$2,806$2,295$1,865$1,506$1,210$480
20 years$2,637$2,133$1,711$1,364$1,080$403
21 years$2,485$1,987$1,574$1,238$967$340
22 years$2,347$1,854$1,451$1,125$867$286
23 years$2,222$1,734$1,340$1,025$778$241
24 years$2,106$1,625$1,239$935$699$204
25 years$2,001$1,525$1,147$854$629$172
26 years$1,903$1,433$1,064$781$567$145
27 years$1,813$1,349$988$714$511$123
28 years$1,730$1,271$919$655$461$104
29 years$1,652$1,199$855$600$416$88
30 years$1,580$1,132$796$551$376$74
31 years$1,512$1,070$742$506$340$63
32 years$1,449$1,013$693$465$308$53
33 years$1,390$959$647$428$278$45
34 years$1,334$909$604$393$252$38
35 years$1,282$862$565$362$228$32
36 years$1,232$818$528$334$207$27
37 years$1,186$777$495$307$187$23
38 years$1,142$739$463$283$170$19
39 years$1,100$702$434$261$154$17
40 years$1,061$668$407$241$140$14
41 years$1,023$636$381$222$127$12
42 years$988$606$358$205$115$10
43 years$954$577$336$189$104$8
44 years$922$550$315$175$95$7
45 years$891$525$296$161$86$6
46 years$862$501$278$149$78$5
47 years$834$478$261$138$71$4
48 years$808$456$245$127$64$4
49 years$782$435$231$118$59$3
50 years$758$416$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 $776,000, adding $4,076 every year, while hoping to spend $34,995 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: 36/39/25 Blend
57$776,000$776,000$776,000$776,000
58$859,356$818,228$806,200$883,701
59$909,776$821,087$795,974$904,892
60$964,166$822,913$784,232$924,258
61$1,022,894$823,619$770,886$944,475
62$1,086,364$823,111$755,846$965,641
63$1,155,021$821,291$739,014$987,868
64$1,229,353$818,054$720,291$1,011,280
65$1,309,897$813,289$699,571$1,036,019
66$1,397,244$806,878$676,744$1,062,241
67$1,492,044$798,695$651,696$1,090,123
68$1,595,009$788,608$624,304$1,119,865
69$1,706,927$776,477$594,445$1,151,686
70$1,828,660$762,151$561,986$1,185,836
71$1,961,161$745,474$526,790$1,222,591
72$2,105,475$726,278$488,713$1,262,261
73$2,262,754$704,386$447,606$1,305,192
74$2,434,265$679,611$403,310$1,351,769
75$2,621,402$651,754$355,663$1,402,423
76$2,825,700$620,605$304,494$1,457,632
77$3,048,850$585,944$249,623$1,517,929
78$3,292,712$547,534$190,864$1,583,910
79$3,559,333$505,127$128,022$1,656,234
80$3,850,969$458,462$60,895$1,735,637
81$4,170,101$407,261$0$1,822,934
82$4,519,465$351,230$0$1,921,899
83$4,902,070$290,060$0$2,048,197
84$5,321,232$223,424$0$2,186,746
85$5,780,602$150,976$0$2,338,853
86$6,284,201$72,351$0$2,505,964
87$6,836,457$0$0$2,689,678
88$7,442,248$0$0$2,897,272
89$8,106,946$0$0$3,159,232
90$8,836,470$0$0$3,446,854
91$9,637,338$0$0$3,762,724
92$10,516,729$0$0$4,109,687
93$11,482,555$0$0$4,490,881
94$12,543,529$0$0$4,909,759
95$13,709,249$0$0$5,370,128
96$14,990,290$0$0$5,876,182
97$16,398,302$0$0$6,432,539
98$17,946,121$0$0$7,044,290
99$19,647,885$0$0$7,717,043
100$21,519,174$0$0$8,456,974