Can I retire at age 58 with 776,000?

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 $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%17.5%
1 years$64,081$63,511$62,954$62,410$61,879$59,995
2 years$31,723$31,133$30,560$30,005$29,466$27,584
3 years$20,939$20,346$19,774$19,224$18,695$16,873
4 years$15,548$14,956$14,391$13,850$13,333$11,587
5 years$12,314$11,726$11,168$10,638$10,136$8,469
6 years$10,159$9,575$9,025$8,507$8,020$6,435
7 years$8,620$8,041$7,500$6,994$6,522$5,018
8 years$7,466$6,893$6,361$5,867$5,411$3,987
9 years$6,569$6,001$5,478$4,998$4,557$3,212
10 years$5,852$5,290$4,776$4,308$3,883$2,614
11 years$5,266$4,709$4,205$3,749$3,339$2,145
12 years$4,778$4,227$3,732$3,289$2,894$1,772
13 years$4,365$3,820$3,334$2,903$2,523$1,471
14 years$4,012$3,472$2,996$2,577$2,212$1,226
15 years$3,706$3,172$2,705$2,299$1,948$1,026
16 years$3,438$2,910$2,452$2,058$1,721$861
17 years$3,202$2,680$2,231$1,849$1,526$724
18 years$2,993$2,476$2,037$1,666$1,357$610
19 years$2,806$2,295$1,865$1,506$1,210$514
20 years$2,637$2,133$1,711$1,364$1,080$435
21 years$2,485$1,987$1,574$1,238$967$368
22 years$2,347$1,854$1,451$1,125$867$311
23 years$2,222$1,734$1,340$1,025$778$264
24 years$2,106$1,625$1,239$935$699$224
25 years$2,001$1,525$1,147$854$629$190
26 years$1,903$1,433$1,064$781$567$161
27 years$1,813$1,349$988$714$511$137
28 years$1,730$1,271$919$655$461$116
29 years$1,652$1,199$855$600$416$99
30 years$1,580$1,132$796$551$376$84
31 years$1,512$1,070$742$506$340$71
32 years$1,449$1,013$693$465$308$61
33 years$1,390$959$647$428$278$52
34 years$1,334$909$604$393$252$44
35 years$1,282$862$565$362$228$37
36 years$1,232$818$528$334$207$32
37 years$1,186$777$495$307$187$27
38 years$1,142$739$463$283$170$23
39 years$1,100$702$434$261$154$20
40 years$1,061$668$407$241$140$17
41 years$1,023$636$381$222$127$14
42 years$988$606$358$205$115$12
43 years$954$577$336$189$104$10
44 years$922$550$315$175$95$9
45 years$891$525$296$161$86$7
46 years$862$501$278$149$78$6
47 years$834$478$261$138$71$5
48 years$808$456$245$127$64$5
49 years$782$435$231$118$59$4
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 $4,596 every year, while hoping to spend $46,144 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: 61/18/21 Blend
57$776,000$776,000$776,000$776,000
58$859,893$818,765$806,737$907,356
59$898,505$809,787$784,666$931,030
60$939,509$798,824$760,308$951,358
61$983,100$785,727$733,540$972,503
62$1,029,492$770,344$704,230$994,551
63$1,078,919$752,509$672,240$1,017,599
64$1,131,636$732,050$637,427$1,041,754
65$1,187,925$708,782$599,643$1,067,140
66$1,248,092$682,511$558,730$1,093,891
67$1,312,475$653,031$514,524$1,122,160
68$1,381,442$620,125$466,856$1,152,117
69$1,455,400$583,562$415,547$1,183,952
70$1,534,793$543,098$360,409$1,217,879
71$1,620,108$498,476$301,249$1,254,135
72$1,711,882$449,424$237,864$1,292,983
73$1,810,702$395,654$170,040$1,334,720
74$1,917,214$336,862$97,557$1,379,673
75$2,032,128$272,726$20,183$1,428,210
76$2,156,223$202,907$0$1,480,737
77$2,290,355$127,047$0$1,551,688
78$2,435,466$44,767$0$1,633,323
79$2,592,590$0$0$1,721,734
80$2,762,866$0$0$1,826,387
81$2,947,543$0$0$1,949,558
82$3,147,997$0$0$2,083,305
83$3,365,742$0$0$2,228,642
84$3,602,440$0$0$2,386,689
85$3,859,925$0$0$2,558,674
86$4,140,208$0$0$2,745,951
87$4,445,508$0$0$2,950,008
88$4,778,262$0$0$3,172,485
89$5,141,156$0$0$3,415,183
90$5,537,144$0$0$3,680,088
91$5,969,477$0$0$3,969,386
92$6,441,736$0$0$4,285,480
93$6,957,862$0$0$4,631,019
94$7,522,193$0$0$5,008,919
95$8,139,507$0$0$5,422,389
96$8,815,063$0$0$5,874,963
97$9,554,654$0$0$6,370,534
98$10,364,658$0$0$6,913,387
99$11,252,098$0$0$7,508,243
100$12,224,710$0$0$8,160,299