Can I retire at age 58 with 778,000?

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 $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%16.2%
1 years$64,247$63,674$63,116$62,571$62,039$60,465
2 years$31,805$31,213$30,639$30,082$29,542$27,967
3 years$20,993$20,398$19,825$19,274$18,743$17,216
4 years$15,588$14,995$14,428$13,886$13,368$11,900
5 years$12,346$11,756$11,197$10,666$10,162$8,758
6 years$10,185$9,600$9,048$8,529$8,041$6,701
7 years$8,642$8,062$7,519$7,012$6,539$5,265
8 years$7,485$6,910$6,377$5,883$5,425$4,215
9 years$6,586$6,017$5,492$5,011$4,569$3,422
10 years$5,867$5,303$4,788$4,319$3,893$2,808
11 years$5,280$4,721$4,216$3,759$3,348$2,324
12 years$4,790$4,238$3,741$3,297$2,901$1,936
13 years$4,376$3,830$3,343$2,911$2,530$1,621
14 years$4,022$3,481$3,003$2,584$2,218$1,364
15 years$3,715$3,180$2,712$2,304$1,953$1,151
16 years$3,447$2,918$2,458$2,063$1,726$975
17 years$3,210$2,687$2,237$1,854$1,530$827
18 years$3,000$2,483$2,042$1,671$1,361$704
19 years$2,813$2,301$1,870$1,510$1,213$600
20 years$2,644$2,138$1,716$1,367$1,083$512
21 years$2,492$1,992$1,578$1,241$969$437
22 years$2,353$1,859$1,455$1,128$869$374
23 years$2,227$1,739$1,343$1,028$780$320
24 years$2,112$1,629$1,242$937$701$274
25 years$2,006$1,529$1,150$856$631$235
26 years$1,908$1,437$1,067$783$568$202
27 years$1,818$1,352$991$716$512$173
28 years$1,734$1,274$921$656$462$149
29 years$1,656$1,202$857$602$417$128
30 years$1,584$1,135$798$552$377$110
31 years$1,516$1,073$744$507$341$94
32 years$1,453$1,016$694$466$308$81
33 years$1,393$962$648$429$279$70
34 years$1,338$911$606$394$253$60
35 years$1,285$865$566$363$229$51
36 years$1,236$821$530$334$207$44
37 years$1,189$779$496$308$188$38
38 years$1,145$741$464$284$170$33
39 years$1,103$704$435$262$155$28
40 years$1,064$670$408$242$140$24
41 years$1,026$638$382$223$127$21
42 years$991$607$359$206$115$18
43 years$957$579$337$190$105$15
44 years$924$552$316$175$95$13
45 years$894$526$297$162$86$11
46 years$864$502$279$150$78$10
47 years$836$479$262$138$71$8
48 years$810$457$246$128$65$7
49 years$784$437$231$118$59$6
50 years$760$417$217$109$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $778,000, adding $6,319 every year, while hoping to spend $46,410 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: 70/21/9 Blend
57$778,000$778,000$778,000$778,000
58$863,874$822,640$810,581$922,456
59$902,609$813,570$788,356$953,006
60$943,740$802,499$763,830$980,146
61$987,462$789,282$736,879$1,008,590
62$1,033,988$773,762$707,369$1,038,457
63$1,083,553$755,774$675,164$1,069,878
64$1,136,412$735,144$640,119$1,102,999
65$1,192,847$711,687$602,084$1,137,981
66$1,253,165$685,207$560,901$1,175,005
67$1,317,702$655,496$516,406$1,214,269
68$1,386,829$622,337$468,427$1,255,995
69$1,460,950$585,496$416,784$1,300,427
70$1,540,511$544,729$361,290$1,347,837
71$1,625,999$499,777$301,749$1,398,527
72$1,717,950$450,365$237,956$1,452,831
73$1,816,952$396,204$169,699$1,511,118
74$1,923,651$336,988$96,754$1,573,799
75$2,038,756$272,393$18,888$1,641,329
76$2,163,048$202,079$0$1,714,211
77$2,297,382$125,684$0$1,799,170
78$2,442,699$42,827$0$1,892,993
79$2,600,035$0$0$1,994,573
80$2,770,527$0$0$2,115,533
81$2,955,425$0$0$2,257,482
82$3,156,106$0$0$2,411,583
83$3,374,082$0$0$2,579,004
84$3,611,017$0$0$2,761,028
85$3,868,742$0$0$2,959,065
86$4,149,271$0$0$3,174,668
87$4,454,820$0$0$3,409,548
88$4,787,829$0$0$3,665,583
89$5,150,981$0$0$3,944,845
90$5,547,231$0$0$4,249,610
91$5,979,830$0$0$4,582,387
92$6,452,357$0$0$4,945,935
93$6,968,754$0$0$5,343,294
94$7,533,358$0$0$5,777,809
95$8,150,946$0$0$6,253,164
96$8,826,778$0$0$6,773,414
97$9,566,644$0$0$7,343,027
98$10,376,922$0$0$7,966,919
99$11,264,634$0$0$8,650,509
100$12,237,515$0$0$9,399,760