Can I retire at age 58 with 782,000?

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 $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%11%
1 years$64,577$64,002$63,440$62,893$62,358$62,095
2 years$31,969$31,373$30,796$30,237$29,694$29,429
3 years$21,101$20,503$19,927$19,373$18,839$18,580
4 years$15,668$15,072$14,502$13,957$13,436$13,184
5 years$12,409$11,816$11,254$10,720$10,214$9,971
6 years$10,237$9,649$9,095$8,573$8,082$7,847
7 years$8,686$8,103$7,558$7,049$6,573$6,347
8 years$7,524$6,946$6,410$5,913$5,453$5,236
9 years$6,620$6,048$5,521$5,036$4,592$4,384
10 years$5,898$5,331$4,813$4,341$3,913$3,713
11 years$5,307$4,746$4,237$3,778$3,365$3,174
12 years$4,815$4,259$3,761$3,314$2,916$2,734
13 years$4,399$3,849$3,360$2,926$2,543$2,369
14 years$4,043$3,499$3,019$2,597$2,229$2,063
15 years$3,734$3,196$2,726$2,316$1,963$1,805
16 years$3,465$2,933$2,471$2,074$1,735$1,584
17 years$3,227$2,701$2,249$1,863$1,538$1,395
18 years$3,016$2,496$2,053$1,679$1,368$1,232
19 years$2,827$2,313$1,879$1,517$1,219$1,091
20 years$2,658$2,149$1,725$1,374$1,089$967
21 years$2,505$2,002$1,586$1,247$974$859
22 years$2,366$1,869$1,462$1,134$873$765
23 years$2,239$1,748$1,350$1,033$784$681
24 years$2,123$1,638$1,248$942$705$608
25 years$2,016$1,537$1,156$860$634$543
26 years$1,918$1,444$1,072$787$571$485
27 years$1,827$1,359$996$720$515$434
28 years$1,743$1,281$926$660$465$389
29 years$1,665$1,208$861$605$420$348
30 years$1,592$1,141$802$555$379$312
31 years$1,524$1,079$748$510$343$280
32 years$1,460$1,021$698$469$310$251
33 years$1,400$967$652$431$281$225
34 years$1,344$916$609$396$254$202
35 years$1,292$869$569$365$230$182
36 years$1,242$825$533$336$208$163
37 years$1,195$783$498$310$189$147
38 years$1,151$744$467$285$171$132
39 years$1,109$708$437$263$155$119
40 years$1,069$674$410$243$141$107
41 years$1,031$641$384$224$128$96
42 years$996$611$361$207$116$86
43 years$962$582$338$191$105$78
44 years$929$555$318$176$96$70
45 years$898$529$298$163$87$63
46 years$869$504$280$150$79$57
47 years$841$481$263$139$72$51
48 years$814$460$247$128$65$46
49 years$788$439$232$119$59$41
50 years$764$419$219$110$54$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $782,000, adding $4,755 every year, while hoping to spend $34,547 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: 22/48/30 Blend
57$782,000$782,000$782,000$782,000
58$866,669$825,223$813,102$877,459
59$918,311$828,901$803,583$891,213
60$974,063$831,601$792,587$902,745
61$1,034,308$833,240$780,029$914,349
62$1,099,465$833,727$765,818$926,054
63$1,169,998$832,967$749,860$937,895
64$1,246,415$830,859$732,057$949,913
65$1,329,273$827,295$712,306$962,159
66$1,419,189$822,162$690,498$974,690
67$1,516,837$815,339$666,520$987,575
68$1,622,962$806,698$640,256$1,000,893
69$1,738,380$796,103$611,581$1,014,735
70$1,863,993$783,410$580,367$1,029,207
71$2,000,789$768,466$546,478$1,044,432
72$2,149,859$751,110$509,774$1,060,547
73$2,312,401$731,170$470,108$1,077,712
74$2,489,734$708,467$427,325$1,096,109
75$2,683,312$682,807$381,266$1,115,942
76$2,894,733$653,987$331,761$1,137,446
77$3,125,758$621,794$278,637$1,160,884
78$3,378,323$586,000$221,709$1,186,556
79$3,654,563$546,365$160,787$1,214,798
80$3,956,826$502,635$95,672$1,245,991
81$4,287,699$454,541$26,154$1,280,562
82$4,650,031$401,800$0$1,318,992
83$5,046,957$344,111$0$1,377,194
84$5,481,933$281,158$0$1,450,333
85$5,958,762$212,607$0$1,530,779
86$6,481,634$138,103$0$1,619,371
87$7,055,164$57,273$0$1,717,039
88$7,684,435$0$0$1,824,816
89$8,375,045$0$0$1,959,840
90$9,133,162$0$0$2,141,413
91$9,965,578$0$0$2,340,930
92$10,879,777$0$0$2,560,202
93$11,884,002$0$0$2,801,226
94$12,987,334$0$0$3,066,200
95$14,199,778$0$0$3,357,547
96$15,532,355$0$0$3,677,938
97$16,997,207$0$0$4,030,314
98$18,607,711$0$0$4,417,914
99$20,378,606$0$0$4,844,309
100$22,326,128$0$0$5,313,434