Can I retire at age 58 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$64,494$63,920$63,359$62,812$62,278$60,871
2 years$31,928$31,333$30,757$30,198$29,656$28,247
3 years$21,074$20,477$19,902$19,348$18,815$17,447
4 years$15,648$15,052$14,483$13,939$13,419$12,102
5 years$12,393$11,801$11,240$10,707$10,201$8,939
6 years$10,224$9,637$9,083$8,562$8,072$6,867
7 years$8,675$8,093$7,548$7,040$6,564$5,416
8 years$7,514$6,937$6,402$5,905$5,446$4,354
9 years$6,612$6,040$5,514$5,030$4,586$3,550
10 years$5,890$5,324$4,807$4,336$3,908$2,926
11 years$5,300$4,740$4,232$3,774$3,361$2,432
12 years$4,809$4,254$3,756$3,310$2,912$2,035
13 years$4,393$3,844$3,356$2,922$2,540$1,712
14 years$4,037$3,494$3,015$2,594$2,226$1,447
15 years$3,729$3,192$2,722$2,313$1,960$1,228
16 years$3,460$2,929$2,468$2,071$1,732$1,045
17 years$3,223$2,697$2,246$1,861$1,536$891
18 years$3,012$2,492$2,050$1,677$1,366$762
19 years$2,824$2,310$1,877$1,516$1,217$653
20 years$2,654$2,147$1,722$1,373$1,087$560
21 years$2,501$1,999$1,584$1,246$973$481
22 years$2,363$1,866$1,460$1,133$872$414
23 years$2,236$1,746$1,348$1,032$783$356
24 years$2,120$1,636$1,247$941$704$307
25 years$2,014$1,535$1,155$859$633$264
26 years$1,915$1,443$1,071$786$570$228
27 years$1,825$1,358$995$719$514$197
28 years$1,741$1,279$925$659$464$170
29 years$1,663$1,207$860$604$419$147
30 years$1,590$1,140$801$554$379$127
31 years$1,522$1,077$747$509$342$110
32 years$1,458$1,019$697$468$310$95
33 years$1,399$965$651$430$280$82
34 years$1,343$915$608$396$254$71
35 years$1,290$868$569$365$230$61
36 years$1,240$824$532$336$208$53
37 years$1,194$782$498$309$189$46
38 years$1,149$744$466$285$171$40
39 years$1,107$707$437$263$155$34
40 years$1,068$673$409$242$141$30
41 years$1,030$640$384$224$128$26
42 years$994$610$360$206$116$22
43 years$960$581$338$191$105$19
44 years$928$554$317$176$95$17
45 years$897$528$298$163$87$14
46 years$868$504$280$150$79$12
47 years$840$481$263$139$71$11
48 years$813$459$247$128$65$9
49 years$787$438$232$118$59$8
50 years$763$419$218$109$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $781,000, adding $6,598 every year, while hoping to spend $38,858 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: 31/45/24 Blend
57$781,000$781,000$781,000$781,000
58$867,468$826,075$813,969$887,770
59$914,605$825,208$799,893$902,943
60$965,248$822,996$784,042$915,349
61$1,019,713$819,333$766,317$927,912
62$1,078,347$814,104$746,613$940,673
63$1,141,533$807,190$724,819$953,677
64$1,209,690$798,462$700,821$966,979
65$1,283,278$787,786$674,498$980,643
66$1,362,803$775,018$645,724$994,743
67$1,448,821$760,007$614,368$1,009,365
68$1,541,944$742,591$580,293$1,024,608
69$1,642,845$722,599$543,355$1,040,584
70$1,752,261$699,853$503,403$1,057,425
71$1,871,005$674,159$460,281$1,075,280
72$1,999,972$645,318$413,825$1,094,316
73$2,140,145$613,114$363,863$1,114,728
74$2,292,604$577,321$310,218$1,136,733
75$2,458,541$537,701$252,701$1,160,579
76$2,639,264$494,000$191,119$1,186,546
77$2,836,215$445,952$125,267$1,214,949
78$3,050,978$393,273$54,932$1,246,144
79$3,285,300$335,665$0$1,280,532
80$3,541,100$272,813$0$1,323,716
81$3,820,495$204,383$0$1,386,395
82$4,125,811$130,023$0$1,455,115
83$4,459,611$49,362$0$1,530,577
84$4,824,718$0$0$1,613,558
85$5,224,237$0$0$1,723,737
86$5,661,591$0$0$1,871,225
87$6,140,545$0$0$2,032,865
88$6,665,250$0$0$2,210,071
89$7,240,273$0$0$2,404,402
90$7,870,646$0$0$2,617,576
91$8,561,911$0$0$2,851,484
92$9,320,172$0$0$3,108,207
93$10,152,150$0$0$3,390,042
94$11,065,253$0$0$3,699,515
95$12,067,635$0$0$4,039,410
96$13,168,283$0$0$4,412,794
97$14,377,094$0$0$4,823,047
98$15,704,972$0$0$5,273,890
99$17,163,928$0$0$5,769,425
100$18,767,194$0$0$6,314,168