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%16.5%
1 years$64,494$63,920$63,359$62,812$62,278$60,625
2 years$31,928$31,333$30,757$30,198$29,656$28,002
3 years$21,074$20,477$19,902$19,348$18,815$17,212
4 years$15,648$15,052$14,483$13,939$13,419$11,879
5 years$12,393$11,801$11,240$10,707$10,201$8,729
6 years$10,224$9,637$9,083$8,562$8,072$6,668
7 years$8,675$8,093$7,548$7,040$6,564$5,230
8 years$7,514$6,937$6,402$5,905$5,446$4,180
9 years$6,612$6,040$5,514$5,030$4,586$3,387
10 years$5,890$5,324$4,807$4,336$3,908$2,775
11 years$5,300$4,740$4,232$3,774$3,361$2,292
12 years$4,809$4,254$3,756$3,310$2,912$1,905
13 years$4,393$3,844$3,356$2,922$2,540$1,592
14 years$4,037$3,494$3,015$2,594$2,226$1,337
15 years$3,729$3,192$2,722$2,313$1,960$1,126
16 years$3,460$2,929$2,468$2,071$1,732$951
17 years$3,223$2,697$2,246$1,861$1,536$806
18 years$3,012$2,492$2,050$1,677$1,366$684
19 years$2,824$2,310$1,877$1,516$1,217$581
20 years$2,654$2,147$1,722$1,373$1,087$495
21 years$2,501$1,999$1,584$1,246$973$422
22 years$2,363$1,866$1,460$1,133$872$360
23 years$2,236$1,746$1,348$1,032$783$307
24 years$2,120$1,636$1,247$941$704$263
25 years$2,014$1,535$1,155$859$633$225
26 years$1,915$1,443$1,071$786$570$192
27 years$1,825$1,358$995$719$514$165
28 years$1,741$1,279$925$659$464$141
29 years$1,663$1,207$860$604$419$121
30 years$1,590$1,140$801$554$379$103
31 years$1,522$1,077$747$509$342$89
32 years$1,458$1,019$697$468$310$76
33 years$1,399$965$651$430$280$65
34 years$1,343$915$608$396$254$56
35 years$1,290$868$569$365$230$48
36 years$1,240$824$532$336$208$41
37 years$1,194$782$498$309$189$35
38 years$1,149$744$466$285$171$30
39 years$1,107$707$437$263$155$26
40 years$1,068$673$409$242$141$22
41 years$1,030$640$384$224$128$19
42 years$994$610$360$206$116$16
43 years$960$581$338$191$105$14
44 years$928$554$317$176$95$12
45 years$897$528$298$163$87$10
46 years$868$504$280$150$79$9
47 years$840$481$263$139$71$8
48 years$813$459$247$128$65$7
49 years$787$438$232$118$59$6
50 years$763$419$218$109$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $781,000, adding $4,515 every year, while hoping to spend $22,750 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: 41/38/21 Blend
57$781,000$781,000$781,000$781,000
58$865,319$823,926$811,821$895,281
59$929,376$840,093$814,811$933,264
60$999,204$856,289$817,139$971,827
61$1,075,368$872,492$818,758$1,013,103
62$1,158,489$888,678$819,620$1,057,353
63$1,249,252$904,821$819,675$1,104,864
64$1,348,410$920,891$818,868$1,155,954
65$1,456,791$936,858$817,143$1,210,974
66$1,575,309$952,689$814,443$1,270,309
67$1,704,969$968,349$810,704$1,334,386
68$1,846,876$983,798$805,863$1,403,677
69$2,002,250$998,997$799,852$1,478,700
70$2,172,432$1,013,901$792,600$1,560,029
71$2,358,900$1,028,462$784,033$1,648,296
72$2,563,282$1,042,631$774,072$1,744,201
73$2,787,370$1,056,352$762,636$1,848,513
74$3,033,137$1,069,570$749,640$1,962,083
75$3,302,759$1,082,220$734,995$2,085,850
76$3,598,630$1,094,238$718,607$2,220,848
77$3,923,388$1,105,554$700,377$2,368,222
78$4,279,938$1,116,091$680,205$2,529,230
79$4,671,482$1,125,770$657,982$2,705,266
80$5,101,546$1,134,505$633,597$2,897,862
81$5,574,014$1,142,206$606,933$3,108,714
82$6,093,165$1,148,776$577,867$3,339,689
83$6,663,714$1,154,111$546,271$3,592,849
84$7,290,853$1,158,103$512,012$3,870,467
85$7,980,305$1,160,635$474,949$4,175,053
86$8,738,374$1,161,584$434,937$4,509,372
87$9,572,003$1,160,817$391,823$4,876,479
88$10,488,846$1,158,195$345,448$5,279,739
89$11,497,333$1,153,571$295,645$5,722,868
90$12,606,752$1,146,787$242,240$6,209,961
91$13,827,337$1,137,676$185,051$6,745,537
92$15,170,365$1,126,062$123,890$7,334,579
93$16,648,260$1,111,757$58,558$7,982,583
94$18,274,711$1,094,562$0$8,695,610
95$20,064,803$1,074,267$0$9,482,847
96$22,035,156$1,050,649$0$10,363,329
97$24,204,083$1,023,471$0$11,332,100
98$26,591,762$992,484$0$12,398,179
99$29,220,429$957,423$0$13,571,505
100$32,114,583$918,007$0$14,863,035