Can I retire at age 58 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$64,412$63,838$63,278$62,732$62,198$61,936
2 years$31,887$31,293$30,718$30,160$29,618$29,354
3 years$21,047$20,450$19,876$19,323$18,791$18,532
4 years$15,628$15,033$14,465$13,921$13,402$13,151
5 years$12,377$11,786$11,225$10,693$10,188$9,945
6 years$10,211$9,624$9,072$8,551$8,061$7,827
7 years$8,664$8,082$7,539$7,031$6,556$6,331
8 years$7,505$6,928$6,393$5,898$5,439$5,223
9 years$6,603$6,032$5,507$5,024$4,580$4,373
10 years$5,882$5,317$4,801$4,330$3,903$3,704
11 years$5,293$4,734$4,227$3,769$3,356$3,166
12 years$4,803$4,249$3,751$3,306$2,909$2,727
13 years$4,388$3,839$3,351$2,918$2,536$2,363
14 years$4,032$3,490$3,011$2,591$2,223$2,058
15 years$3,725$3,188$2,719$2,310$1,958$1,800
16 years$3,456$2,925$2,465$2,069$1,730$1,580
17 years$3,219$2,694$2,243$1,859$1,534$1,392
18 years$3,008$2,489$2,047$1,675$1,364$1,229
19 years$2,820$2,307$1,874$1,514$1,216$1,088
20 years$2,651$2,144$1,720$1,371$1,086$965
21 years$2,498$1,997$1,582$1,244$972$857
22 years$2,359$1,864$1,458$1,131$871$763
23 years$2,233$1,743$1,346$1,030$782$680
24 years$2,117$1,633$1,245$940$703$606
25 years$2,011$1,533$1,153$858$632$541
26 years$1,913$1,441$1,070$785$570$484
27 years$1,822$1,356$993$718$514$433
28 years$1,738$1,278$923$658$463$388
29 years$1,660$1,205$859$603$418$347
30 years$1,588$1,138$800$554$378$311
31 years$1,520$1,076$746$509$342$279
32 years$1,456$1,018$696$467$309$250
33 years$1,397$964$650$430$280$225
34 years$1,341$914$607$395$253$202
35 years$1,288$867$568$364$229$181
36 years$1,239$823$531$335$208$163
37 years$1,192$781$497$309$188$146
38 years$1,148$743$466$285$171$132
39 years$1,106$706$436$263$155$118
40 years$1,066$672$409$242$141$106
41 years$1,029$639$383$223$127$96
42 years$993$609$360$206$116$86
43 years$959$580$337$190$105$78
44 years$927$553$317$176$95$70
45 years$896$527$297$162$87$63
46 years$867$503$279$150$79$57
47 years$839$480$262$139$71$51
48 years$812$458$247$128$65$46
49 years$786$438$232$118$59$41
50 years$762$418$218$109$53$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $780,000, adding $2,210 every year, while hoping to spend $50,180 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: 57/18/25 Blend
57$780,000$780,000$780,000$780,000
58$861,840$820,500$808,410$904,984
59$896,356$807,313$782,100$921,571
60$932,711$791,798$753,228$934,145
61$971,040$773,789$721,653$946,793
62$1,011,489$753,107$687,231$959,536
63$1,054,218$729,566$649,810$972,402
64$1,099,401$702,968$609,232$985,420
65$1,147,229$673,103$565,330$998,628
66$1,197,910$639,748$517,932$1,012,071
67$1,251,671$602,669$466,857$1,025,800
68$1,308,759$561,619$411,915$1,039,875
69$1,369,448$516,333$352,909$1,054,367
70$1,434,033$466,535$289,633$1,069,356
71$1,502,841$411,931$221,872$1,084,937
72$1,576,226$352,211$149,400$1,101,216
73$1,654,580$287,049$71,984$1,118,317
74$1,738,330$216,097$0$1,136,378
75$1,827,944$138,990$0$1,158,397
76$1,923,937$55,343$0$1,202,394
77$2,026,871$0$0$1,249,423
78$2,137,365$0$0$1,306,775
79$2,256,099$0$0$1,380,228
80$2,383,815$0$0$1,459,289
81$2,521,333$0$0$1,544,470
82$2,669,551$0$0$1,636,334
83$2,829,454$0$0$1,735,500
84$3,002,127$0$0$1,842,646
85$3,188,761$0$0$1,958,520
86$3,390,665$0$0$2,083,943
87$3,609,278$0$0$2,219,818
88$3,846,181$0$0$2,367,136
89$4,103,114$0$0$2,526,988
90$4,381,990$0$0$2,700,576
91$4,684,912$0$0$2,889,218
92$5,014,195$0$0$3,094,367
93$5,372,385$0$0$3,317,620
94$5,762,283$0$0$3,560,735
95$6,186,971$0$0$3,825,646
96$6,649,840$0$0$4,114,483
97$7,154,623$0$0$4,429,587
98$7,705,429$0$0$4,773,538
99$8,306,780$0$0$5,149,175
100$8,963,654$0$0$5,559,621