Can I retire at age 58 with 777,000?

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 $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%11.8%
1 years$64,164$63,592$63,035$62,491$61,959$61,491
2 years$31,764$31,173$30,599$30,044$29,504$29,033
3 years$20,966$20,372$19,800$19,249$18,719$18,258
4 years$15,568$14,975$14,409$13,868$13,350$12,904
5 years$12,330$11,741$11,182$10,652$10,149$9,718
6 years$10,172$9,587$9,037$8,518$8,030$7,616
7 years$8,631$8,051$7,510$7,003$6,531$6,133
8 years$7,476$6,902$6,369$5,875$5,418$5,036
9 years$6,578$6,009$5,485$5,004$4,563$4,197
10 years$5,860$5,297$4,782$4,314$3,888$3,538
11 years$5,273$4,715$4,210$3,754$3,344$3,010
12 years$4,784$4,232$3,737$3,293$2,897$2,579
13 years$4,371$3,825$3,338$2,907$2,527$2,224
14 years$4,017$3,477$3,000$2,581$2,215$1,927
15 years$3,710$3,176$2,708$2,301$1,950$1,676
16 years$3,442$2,914$2,455$2,061$1,723$1,464
17 years$3,206$2,684$2,234$1,852$1,528$1,282
18 years$2,997$2,480$2,040$1,669$1,359$1,126
19 years$2,809$2,298$1,867$1,508$1,211$991
20 years$2,641$2,136$1,714$1,366$1,082$873
21 years$2,489$1,989$1,576$1,239$968$771
22 years$2,350$1,857$1,453$1,127$868$682
23 years$2,224$1,737$1,341$1,026$779$604
24 years$2,109$1,627$1,240$936$700$536
25 years$2,003$1,527$1,149$855$630$476
26 years$1,906$1,435$1,066$782$567$422
27 years$1,815$1,351$989$715$512$376
28 years$1,732$1,273$920$655$462$334
29 years$1,654$1,201$856$601$417$297
30 years$1,582$1,134$797$552$377$265
31 years$1,514$1,072$743$507$341$236
32 years$1,451$1,014$694$466$308$210
33 years$1,391$960$648$428$279$188
34 years$1,336$910$605$394$252$167
35 years$1,283$863$566$363$229$149
36 years$1,234$820$529$334$207$133
37 years$1,187$778$495$308$188$119
38 years$1,143$740$464$284$170$106
39 years$1,102$703$435$262$154$95
40 years$1,062$669$407$241$140$85
41 years$1,025$637$382$223$127$76
42 years$989$607$358$205$115$68
43 years$955$578$336$190$105$60
44 years$923$551$316$175$95$54
45 years$892$525$296$162$86$48
46 years$863$501$278$149$78$43
47 years$835$478$261$138$71$39
48 years$809$457$246$127$65$34
49 years$783$436$231$118$59$31
50 years$759$417$217$109$53$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $777,000, adding $5,411 every year, while hoping to spend $25,215 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: 29/44/27 Blend
57$777,000$777,000$777,000$777,000
58$861,835$820,654$808,611$879,510
59$922,914$834,038$808,871$907,229
60$989,378$847,232$808,294$934,450
61$1,061,749$860,201$806,827$963,207
62$1,140,603$872,906$804,411$993,651
63$1,226,572$885,307$800,987$1,025,949
64$1,320,354$897,358$796,491$1,060,285
65$1,422,714$909,013$790,858$1,096,865
66$1,534,497$920,221$784,018$1,135,914
67$1,656,632$930,928$775,899$1,177,686
68$1,790,142$941,077$766,425$1,222,459
69$1,936,153$950,606$755,516$1,270,542
70$2,095,904$959,449$743,090$1,322,279
71$2,270,761$967,537$729,058$1,378,049
72$2,462,228$974,796$713,331$1,438,273
73$2,671,959$981,145$695,811$1,503,417
74$2,901,779$986,500$676,401$1,573,997
75$3,153,694$990,773$654,994$1,650,583
76$3,429,917$993,866$631,482$1,733,809
77$3,732,882$995,680$605,750$1,824,374
78$4,065,273$996,105$577,680$1,923,052
79$4,430,044$995,028$547,146$2,030,699
80$4,830,451$992,326$514,018$2,148,265
81$5,270,078$987,872$478,158$2,276,796
82$5,752,876$981,527$439,426$2,417,452
83$6,283,194$973,146$397,671$2,571,516
84$6,865,825$962,576$352,739$2,740,403
85$7,506,050$949,653$304,467$2,925,682
86$8,209,685$934,204$252,684$3,129,083
87$8,983,138$916,045$197,214$3,352,521
88$9,833,470$894,983$137,872$3,598,110
89$10,768,458$870,811$74,465$3,868,188
90$11,796,672$843,312$6,791$4,165,337
91$12,927,553$812,255$0$4,492,410
92$14,171,504$777,397$0$4,871,405
93$15,539,987$738,478$0$5,290,267
94$17,045,629$695,227$0$5,750,946
95$18,702,345$647,354$0$6,257,755
96$20,525,464$594,555$0$6,815,453
97$22,531,879$536,506$0$7,429,287
98$24,740,202$472,866$0$8,105,048
99$27,170,941$403,275$0$8,849,123
100$29,846,694$327,352$0$9,668,558