Can I retire at age 58 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$64,247$63,674$63,116$62,571$62,039$59,577
2 years$31,805$31,213$30,639$30,082$29,542$27,093
3 years$20,993$20,398$19,825$19,274$18,743$16,383
4 years$15,588$14,995$14,428$13,886$13,368$11,115
5 years$12,346$11,756$11,197$10,666$10,162$8,022
6 years$10,185$9,600$9,048$8,529$8,041$6,015
7 years$8,642$8,062$7,519$7,012$6,539$4,627
8 years$7,485$6,910$6,377$5,883$5,425$3,624
9 years$6,586$6,017$5,492$5,011$4,569$2,877
10 years$5,867$5,303$4,788$4,319$3,893$2,306
11 years$5,280$4,721$4,216$3,759$3,348$1,863
12 years$4,790$4,238$3,741$3,297$2,901$1,515
13 years$4,376$3,830$3,343$2,911$2,530$1,237
14 years$4,022$3,481$3,003$2,584$2,218$1,014
15 years$3,715$3,180$2,712$2,304$1,953$834
16 years$3,447$2,918$2,458$2,063$1,726$688
17 years$3,210$2,687$2,237$1,854$1,530$568
18 years$3,000$2,483$2,042$1,671$1,361$470
19 years$2,813$2,301$1,870$1,510$1,213$389
20 years$2,644$2,138$1,716$1,367$1,083$323
21 years$2,492$1,992$1,578$1,241$969$268
22 years$2,353$1,859$1,455$1,128$869$223
23 years$2,227$1,739$1,343$1,028$780$185
24 years$2,112$1,629$1,242$937$701$154
25 years$2,006$1,529$1,150$856$631$128
26 years$1,908$1,437$1,067$783$568$107
27 years$1,818$1,352$991$716$512$89
28 years$1,734$1,274$921$656$462$74
29 years$1,656$1,202$857$602$417$62
30 years$1,584$1,135$798$552$377$51
31 years$1,516$1,073$744$507$341$43
32 years$1,453$1,016$694$466$308$36
33 years$1,393$962$648$429$279$30
34 years$1,338$911$606$394$253$25
35 years$1,285$865$566$363$229$21
36 years$1,236$821$530$334$207$17
37 years$1,189$779$496$308$188$14
38 years$1,145$741$464$284$170$12
39 years$1,103$704$435$262$155$10
40 years$1,064$670$408$242$140$8
41 years$1,026$638$382$223$127$7
42 years$991$607$359$206$115$6
43 years$957$579$337$190$105$5
44 years$924$552$316$175$95$4
45 years$894$526$297$162$86$3
46 years$864$502$279$150$78$3
47 years$836$479$262$138$71$2
48 years$810$457$246$128$65$2
49 years$784$437$231$118$59$2
50 years$760$417$217$109$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $778,000, adding $4,704 every year, while hoping to spend $38,997 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: 61/10/29 Blend
57$778,000$778,000$778,000$778,000
58$862,208$820,974$808,915$907,785
59$908,661$819,709$794,521$938,126
60$958,545$817,076$778,338$966,632
61$1,012,169$812,965$760,265$996,935
62$1,069,872$807,262$740,195$1,029,217
63$1,132,026$799,845$718,019$1,063,684
64$1,199,040$790,584$693,620$1,100,562
65$1,271,363$779,344$666,878$1,140,102
66$1,349,489$765,979$637,665$1,182,584
67$1,433,960$750,335$605,850$1,228,315
68$1,525,372$732,250$571,294$1,277,638
69$1,624,380$711,550$533,853$1,330,933
70$1,731,705$688,054$493,374$1,388,619
71$1,848,138$661,568$449,702$1,451,162
72$1,974,551$631,888$402,670$1,519,075
73$2,111,902$598,797$352,107$1,592,930
74$2,261,246$562,068$297,832$1,673,357
75$2,423,741$521,457$239,657$1,761,053
76$2,600,664$476,710$177,387$1,856,792
77$2,793,419$427,556$110,817$1,961,428
78$3,003,550$373,709$39,732$2,075,904
79$3,232,759$314,868$0$2,201,266
80$3,482,917$250,713$0$2,349,849
81$3,756,084$180,907$0$2,525,596
82$4,054,528$105,095$0$2,717,687
83$4,380,747$22,901$0$2,927,761
84$4,737,488$0$0$3,157,623
85$5,127,779$0$0$3,416,534
86$5,554,952$0$0$3,702,729
87$6,022,677$0$0$4,016,153
88$6,534,995$0$0$4,359,523
89$7,096,357$0$0$4,735,828
90$7,711,664$0$0$5,148,364
91$8,386,314$0$0$5,600,756
92$9,126,252$0$0$6,097,002
93$9,938,027$0$0$6,641,501
94$10,828,850$0$0$7,239,100
95$11,806,668$0$0$7,895,141
96$12,880,232$0$0$8,615,503
97$14,059,181$0$0$9,406,667
98$15,354,136$0$0$10,275,769
99$16,776,795$0$0$11,230,673
100$18,340,046$0$0$12,280,040