Can I retire at age 58 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$64,577$64,002$63,440$62,893$62,358$61,784
2 years$31,969$31,373$30,796$30,237$29,694$29,116
3 years$21,101$20,503$19,927$19,373$18,839$18,274
4 years$15,668$15,072$14,502$13,957$13,436$12,889
5 years$12,409$11,816$11,254$10,720$10,214$9,687
6 years$10,237$9,649$9,095$8,573$8,082$7,575
7 years$8,686$8,103$7,558$7,049$6,573$6,086
8 years$7,524$6,946$6,410$5,913$5,453$4,987
9 years$6,620$6,048$5,521$5,036$4,592$4,146
10 years$5,898$5,331$4,813$4,341$3,913$3,487
11 years$5,307$4,746$4,237$3,778$3,365$2,959
12 years$4,815$4,259$3,761$3,314$2,916$2,529
13 years$4,399$3,849$3,360$2,926$2,543$2,175
14 years$4,043$3,499$3,019$2,597$2,229$1,879
15 years$3,734$3,196$2,726$2,316$1,963$1,631
16 years$3,465$2,933$2,471$2,074$1,735$1,420
17 years$3,227$2,701$2,249$1,863$1,538$1,240
18 years$3,016$2,496$2,053$1,679$1,368$1,086
19 years$2,827$2,313$1,879$1,517$1,219$953
20 years$2,658$2,149$1,725$1,374$1,089$838
21 years$2,505$2,002$1,586$1,247$974$738
22 years$2,366$1,869$1,462$1,134$873$651
23 years$2,239$1,748$1,350$1,033$784$575
24 years$2,123$1,638$1,248$942$705$508
25 years$2,016$1,537$1,156$860$634$449
26 years$1,918$1,444$1,072$787$571$398
27 years$1,827$1,359$996$720$515$353
28 years$1,743$1,281$926$660$465$313
29 years$1,665$1,208$861$605$420$277
30 years$1,592$1,141$802$555$379$246
31 years$1,524$1,079$748$510$343$219
32 years$1,460$1,021$698$469$310$194
33 years$1,400$967$652$431$281$173
34 years$1,344$916$609$396$254$154
35 years$1,292$869$569$365$230$137
36 years$1,242$825$533$336$208$121
37 years$1,195$783$498$310$189$108
38 years$1,151$744$467$285$171$96
39 years$1,109$708$437$263$155$86
40 years$1,069$674$410$243$141$76
41 years$1,031$641$384$224$128$68
42 years$996$611$361$207$116$60
43 years$962$582$338$191$105$54
44 years$929$555$318$176$96$48
45 years$898$529$298$163$87$43
46 years$869$504$280$150$79$38
47 years$841$481$263$139$72$34
48 years$814$460$247$128$65$30
49 years$788$439$232$119$59$27
50 years$764$419$219$110$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $782,000, adding $4,600 every year, while hoping to spend $54,346 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: 41/36/23 Blend
57$782,000$782,000$782,000$782,000
58$866,509$825,063$812,942$896,004
59$897,069$807,667$782,352$900,174
60$928,925$787,598$748,915$899,162
61$962,151$764,666$712,480$896,980
62$996,829$738,673$672,886$893,550
63$1,033,044$709,407$629,967$888,793
64$1,070,892$676,644$583,548$882,626
65$1,110,473$640,150$533,446$874,961
66$1,151,897$599,673$479,473$865,709
67$1,195,283$554,950$421,428$854,777
68$1,240,760$505,701$359,104$842,069
69$1,288,469$451,631$292,285$827,483
70$1,338,559$392,428$220,743$810,919
71$1,391,197$327,762$144,243$792,269
72$1,446,561$257,284$62,537$771,424
73$1,504,847$180,627$0$748,273
74$1,566,266$97,403$0$728,751
75$1,631,049$7,199$0$723,462
76$1,699,448$0$0$716,993
77$1,771,738$0$0$745,111
78$1,848,219$0$0$777,922
79$1,929,216$0$0$812,718
80$2,015,089$0$0$849,661
81$2,106,228$0$0$888,924
82$2,203,058$0$0$930,698
83$2,306,049$0$0$975,194
84$2,415,710$0$0$1,022,639
85$2,532,601$0$0$1,073,285
86$2,657,336$0$0$1,127,406
87$2,790,586$0$0$1,185,304
88$2,933,087$0$0$1,247,309
89$3,085,645$0$0$1,313,784
90$3,249,146$0$0$1,385,125
91$3,424,560$0$0$1,461,769
92$3,612,952$0$0$1,544,195
93$3,815,492$0$0$1,632,928
94$4,033,462$0$0$1,728,545
95$4,268,272$0$0$1,831,680
96$4,521,469$0$0$1,943,030
97$4,794,755$0$0$2,063,361
98$5,089,997$0$0$2,193,512
99$5,409,247$0$0$2,334,409
100$5,754,764$0$0$2,487,068