Can I retire at age 58 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$64,825$64,247$63,684$63,134$62,597$60,739
2 years$32,091$31,494$30,914$30,353$29,808$27,952
3 years$21,182$20,581$20,004$19,447$18,911$17,115
4 years$15,728$15,130$14,558$14,011$13,488$11,765
5 years$12,457$11,862$11,297$10,762$10,253$8,608
6 years$10,276$9,686$9,130$8,606$8,113$6,547
7 years$8,720$8,134$7,587$7,076$6,598$5,112
8 years$7,553$6,973$6,434$5,936$5,474$4,066
9 years$6,646$6,071$5,542$5,056$4,610$3,279
10 years$5,920$5,351$4,832$4,358$3,928$2,673
11 years$5,327$4,764$4,254$3,793$3,378$2,196
12 years$4,833$4,276$3,775$3,327$2,927$1,816
13 years$4,416$3,864$3,373$2,937$2,553$1,510
14 years$4,058$3,512$3,030$2,607$2,238$1,261
15 years$3,749$3,209$2,736$2,325$1,970$1,056
16 years$3,478$2,944$2,481$2,082$1,741$887
17 years$3,239$2,711$2,257$1,871$1,544$747
18 years$3,027$2,505$2,061$1,686$1,373$630
19 years$2,838$2,322$1,886$1,523$1,224$533
20 years$2,668$2,158$1,731$1,380$1,093$451
21 years$2,514$2,010$1,592$1,252$978$382
22 years$2,375$1,876$1,468$1,138$877$324
23 years$2,247$1,755$1,355$1,037$787$275
24 years$2,131$1,644$1,253$946$707$233
25 years$2,024$1,543$1,161$864$636$198
26 years$1,925$1,450$1,077$790$573$169
27 years$1,834$1,365$1,000$723$517$143
28 years$1,750$1,286$929$662$466$122
29 years$1,671$1,213$865$607$421$104
30 years$1,598$1,146$806$557$381$88
31 years$1,530$1,083$751$512$344$75
32 years$1,466$1,025$701$470$311$64
33 years$1,406$970$654$433$282$55
34 years$1,350$920$611$398$255$46
35 years$1,297$872$571$366$231$40
36 years$1,247$828$535$337$209$34
37 years$1,200$786$500$311$190$29
38 years$1,155$747$469$287$172$25
39 years$1,113$711$439$264$156$21
40 years$1,073$676$411$244$141$18
41 years$1,035$644$386$225$128$15
42 years$999$613$362$208$116$13
43 years$965$584$340$192$106$11
44 years$933$557$319$177$96$9
45 years$902$531$299$163$87$8
46 years$872$506$281$151$79$7
47 years$844$483$264$139$72$6
48 years$817$461$248$129$65$5
49 years$791$441$233$119$59$4
50 years$766$421$219$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $785,000, adding $3,366 every year, while hoping to spend $22,774 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: 49/29/22 Blend
57$785,000$785,000$785,000$785,000
58$868,542$826,937$814,770$905,564
59$932,902$843,226$817,833$947,951
60$1,003,063$859,549$820,236$991,403
61$1,079,594$875,885$821,932$1,038,140
62$1,163,118$892,209$822,872$1,088,479
63$1,254,324$908,496$823,007$1,142,774
64$1,353,970$924,716$822,281$1,201,411
65$1,462,887$940,840$820,641$1,264,820
66$1,581,995$956,834$818,025$1,333,473
67$1,712,304$972,664$814,374$1,407,890
68$1,854,925$988,291$809,623$1,488,647
69$2,011,085$1,003,675$803,703$1,576,376
70$2,182,133$1,018,772$796,544$1,671,778
71$2,369,554$1,033,536$788,071$1,775,623
72$2,574,984$1,047,915$778,207$1,888,762
73$2,800,226$1,061,856$766,871$2,012,133
74$3,047,264$1,075,302$753,976$2,146,772
75$3,318,285$1,088,192$739,434$2,293,820
76$3,615,696$1,100,459$723,151$2,454,535
77$3,942,150$1,112,034$705,030$2,630,307
78$4,300,568$1,122,843$684,967$2,822,668
79$4,694,169$1,132,805$662,856$3,033,306
80$5,126,498$1,141,837$638,586$3,264,086
81$5,601,461$1,149,846$612,038$3,517,061
82$6,123,360$1,156,738$583,091$3,794,499
83$6,696,934$1,162,410$551,616$4,098,898
84$7,327,406$1,166,754$517,481$4,433,016
85$8,020,530$1,169,652$480,544$4,799,890
86$8,782,642$1,170,983$440,660$5,202,875
87$9,620,726$1,170,616$397,677$5,645,665
88$10,542,476$1,168,412$351,435$6,132,337
89$11,556,368$1,164,224$301,768$6,667,386
90$12,671,742$1,157,895$248,501$7,255,767
91$13,898,887$1,149,260$191,454$7,902,946
92$15,249,142$1,138,142$130,436$8,614,948
93$16,734,999$1,124,355$65,250$9,398,418
94$18,370,222$1,107,702$0$10,260,681
95$20,169,979$1,087,973$0$11,210,826
96$22,150,979$1,064,946$0$12,273,158
97$24,331,636$1,038,386$0$13,442,215
98$26,732,240$1,008,044$0$14,728,877
99$29,375,147$973,657$0$16,145,134
100$32,284,992$934,946$0$17,704,205