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%11.5%
1 years$64,494$63,920$63,359$62,812$62,278$61,886
2 years$31,928$31,333$30,757$30,198$29,656$29,260
3 years$21,074$20,477$19,902$19,348$18,815$18,428
4 years$15,648$15,052$14,483$13,939$13,419$13,044
5 years$12,393$11,801$11,240$10,707$10,201$9,839
6 years$10,224$9,637$9,083$8,562$8,072$7,723
7 years$8,675$8,093$7,548$7,040$6,564$6,229
8 years$7,514$6,937$6,402$5,905$5,446$5,124
9 years$6,612$6,040$5,514$5,030$4,586$4,278
10 years$5,890$5,324$4,807$4,336$3,908$3,613
11 years$5,300$4,740$4,232$3,774$3,361$3,079
12 years$4,809$4,254$3,756$3,310$2,912$2,643
13 years$4,393$3,844$3,356$2,922$2,540$2,283
14 years$4,037$3,494$3,015$2,594$2,226$1,982
15 years$3,729$3,192$2,722$2,313$1,960$1,728
16 years$3,460$2,929$2,468$2,071$1,732$1,512
17 years$3,223$2,697$2,246$1,861$1,536$1,327
18 years$3,012$2,492$2,050$1,677$1,366$1,168
19 years$2,824$2,310$1,877$1,516$1,217$1,030
20 years$2,654$2,147$1,722$1,373$1,087$910
21 years$2,501$1,999$1,584$1,246$973$806
22 years$2,363$1,866$1,460$1,133$872$714
23 years$2,236$1,746$1,348$1,032$783$634
24 years$2,120$1,636$1,247$941$704$563
25 years$2,014$1,535$1,155$859$633$501
26 years$1,915$1,443$1,071$786$570$446
27 years$1,825$1,358$995$719$514$398
28 years$1,741$1,279$925$659$464$355
29 years$1,663$1,207$860$604$419$316
30 years$1,590$1,140$801$554$379$282
31 years$1,522$1,077$747$509$342$252
32 years$1,458$1,019$697$468$310$225
33 years$1,399$965$651$430$280$202
34 years$1,343$915$608$396$254$180
35 years$1,290$868$569$365$230$161
36 years$1,240$824$532$336$208$144
37 years$1,194$782$498$309$189$129
38 years$1,149$744$466$285$171$116
39 years$1,107$707$437$263$155$103
40 years$1,068$673$409$242$141$93
41 years$1,030$640$384$224$128$83
42 years$994$610$360$206$116$74
43 years$960$581$338$191$105$67
44 years$928$554$317$176$95$60
45 years$897$528$298$163$87$53
46 years$868$504$280$150$79$48
47 years$840$481$263$139$71$43
48 years$813$459$247$128$65$38
49 years$787$438$232$118$59$35
50 years$763$419$218$109$54$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $781,000, adding $2,939 every year, while hoping to spend $56,867 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: 57/17/26 Blend
57$781,000$781,000$781,000$781,000
58$863,694$822,301$810,195$906,641
59$891,284$802,087$776,831$916,179
60$919,783$778,978$740,442$920,324
61$949,223$752,769$700,869$923,657
62$979,638$723,249$657,943$926,115
63$1,011,064$690,191$611,486$927,633
64$1,043,537$653,355$561,315$928,143
65$1,077,096$612,488$507,238$927,572
66$1,111,784$567,324$449,054$925,844
67$1,147,641$517,578$386,553$922,879
68$1,184,713$462,951$319,515$918,594
69$1,223,046$403,129$247,711$912,900
70$1,262,691$337,776$170,904$905,704
71$1,303,699$266,540$88,842$896,910
72$1,346,124$189,049$1,266$886,415
73$1,390,024$104,908$0$874,113
74$1,435,459$13,701$0$885,467
75$1,482,494$0$0$896,821
76$1,531,197$0$0$923,686
77$1,581,637$0$0$954,169
78$1,633,892$0$0$985,753
79$1,688,041$0$0$1,018,489
80$1,744,169$0$0$1,052,427
81$1,802,367$0$0$1,087,624
82$1,862,730$0$0$1,124,138
83$1,925,360$0$0$1,162,033
84$1,990,367$0$0$1,201,374
85$2,057,866$0$0$1,242,234
86$2,127,981$0$0$1,284,688
87$2,200,844$0$0$1,328,819
88$2,276,597$0$0$1,374,714
89$2,355,392$0$0$1,422,466
90$2,437,392$0$0$1,472,176
91$2,522,771$0$0$1,523,952
92$2,611,716$0$0$1,577,910
93$2,704,430$0$0$1,634,175
94$2,801,130$0$0$1,692,882
95$2,902,049$0$0$1,754,175
96$3,007,442$0$0$1,818,212
97$3,117,580$0$0$1,885,161
98$3,232,759$0$0$1,955,207
99$3,353,297$0$0$2,028,546
100$3,479,541$0$0$2,105,394