Can I retire at age 58 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$64,164$63,592$63,035$62,491$61,959$60,461
2 years$31,764$31,173$30,599$30,044$29,504$28,004
3 years$20,966$20,372$19,800$19,249$18,719$17,263
4 years$15,568$14,975$14,409$13,868$13,350$11,951
5 years$12,330$11,741$11,182$10,652$10,149$8,809
6 years$10,172$9,587$9,037$8,518$8,030$6,752
7 years$8,631$8,051$7,510$7,003$6,531$5,314
8 years$7,476$6,902$6,369$5,875$5,418$4,261
9 years$6,578$6,009$5,485$5,004$4,563$3,466
10 years$5,860$5,297$4,782$4,314$3,888$2,850
11 years$5,273$4,715$4,210$3,754$3,344$2,363
12 years$4,784$4,232$3,737$3,293$2,897$1,972
13 years$4,371$3,825$3,338$2,907$2,527$1,655
14 years$4,017$3,477$3,000$2,581$2,215$1,395
15 years$3,710$3,176$2,708$2,301$1,950$1,180
16 years$3,442$2,914$2,455$2,061$1,723$1,001
17 years$3,206$2,684$2,234$1,852$1,528$852
18 years$2,997$2,480$2,040$1,669$1,359$726
19 years$2,809$2,298$1,867$1,508$1,211$620
20 years$2,641$2,136$1,714$1,366$1,082$530
21 years$2,489$1,989$1,576$1,239$968$454
22 years$2,350$1,857$1,453$1,127$868$389
23 years$2,224$1,737$1,341$1,026$779$334
24 years$2,109$1,627$1,240$936$700$287
25 years$2,003$1,527$1,149$855$630$246
26 years$1,906$1,435$1,066$782$567$212
27 years$1,815$1,351$989$715$512$182
28 years$1,732$1,273$920$655$462$157
29 years$1,654$1,201$856$601$417$135
30 years$1,582$1,134$797$552$377$116
31 years$1,514$1,072$743$507$341$100
32 years$1,451$1,014$694$466$308$86
33 years$1,391$960$648$428$279$74
34 years$1,336$910$605$394$252$64
35 years$1,283$863$566$363$229$55
36 years$1,234$820$529$334$207$48
37 years$1,187$778$495$308$188$41
38 years$1,143$740$464$284$170$35
39 years$1,102$703$435$262$154$31
40 years$1,062$669$407$241$140$26
41 years$1,025$637$382$223$127$23
42 years$989$607$358$205$115$20
43 years$955$578$336$190$105$17
44 years$923$551$316$175$95$15
45 years$892$525$296$162$86$13
46 years$863$501$278$149$78$11
47 years$835$478$261$138$71$9
48 years$809$457$246$127$65$8
49 years$783$436$231$118$59$7
50 years$759$417$217$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $777,000, adding $5,400 every year, while hoping to spend $23,257 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: 76/18/6 Blend
57$777,000$777,000$777,000$777,000
58$861,824$820,643$808,600$926,398
59$924,985$836,109$810,942$985,040
60$993,809$851,554$812,584$1,045,768
61$1,068,848$866,951$813,477$1,111,649
62$1,150,713$882,274$813,570$1,183,185
63$1,240,072$897,492$812,811$1,260,927
64$1,337,663$912,573$811,145$1,345,484
65$1,444,298$927,482$808,512$1,437,525
66$1,560,872$942,184$804,852$1,537,790
67$1,688,367$956,637$800,100$1,647,090
68$1,827,868$970,800$794,191$1,766,320
69$1,980,567$984,626$787,054$1,896,468
70$2,147,779$998,067$778,614$2,038,620
71$2,330,950$1,011,070$768,795$2,193,973
72$2,531,674$1,023,579$757,516$2,363,845
73$2,751,705$1,035,534$744,693$2,549,691
74$2,992,976$1,046,872$730,238$2,753,111
75$3,257,615$1,057,525$714,056$2,975,869
76$3,547,967$1,067,419$696,052$3,219,910
77$3,866,614$1,076,477$676,125$3,487,374
78$4,216,402$1,084,617$654,168$3,780,624
79$4,600,462$1,091,751$630,070$4,102,259
80$5,022,247$1,097,785$603,715$4,455,146
81$5,485,559$1,102,619$574,982$4,842,442
82$5,994,587$1,106,148$543,745$5,267,629
83$6,553,945$1,108,259$509,871$5,734,541
84$7,168,717$1,108,833$473,221$6,247,405
85$7,844,502$1,107,743$433,650$6,810,879
86$8,587,472$1,104,853$391,008$7,430,096
87$9,404,425$1,100,021$345,137$8,110,712
88$10,302,849$1,093,095$295,872$8,858,961
89$11,290,996$1,083,913$243,040$9,681,713
90$12,377,957$1,072,305$186,462$10,586,540
91$13,573,750$1,058,089$125,950$11,581,784
92$14,889,411$1,041,074$61,307$12,676,641
93$16,337,100$1,021,055$0$13,881,244
94$17,930,216$997,819$0$15,207,253
95$19,683,522$971,136$0$16,670,704
96$21,613,285$940,765$0$18,281,247
97$23,737,427$906,450$0$20,053,844
98$26,075,700$867,921$0$22,004,986
99$28,649,863$824,891$0$24,152,843
100$31,483,896$777,057$0$26,517,441