Can I retire at age 58 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$64,907$64,329$63,765$63,214$62,677$61,996
2 years$32,132$31,534$30,954$30,392$29,846$29,161
3 years$21,209$20,608$20,029$19,472$18,936$18,267
4 years$15,748$15,149$14,576$14,029$13,505$12,858
5 years$12,472$11,877$11,312$10,775$10,266$9,643
6 years$10,289$9,698$9,142$8,617$8,123$7,525
7 years$8,731$8,145$7,597$7,085$6,606$6,032
8 years$7,562$6,981$6,443$5,943$5,481$4,931
9 years$6,654$6,079$5,549$5,062$4,616$4,090
10 years$5,928$5,358$4,838$4,364$3,933$3,432
11 years$5,334$4,770$4,259$3,798$3,382$2,905
12 years$4,839$4,281$3,780$3,331$2,931$2,477
13 years$4,421$3,869$3,377$2,941$2,556$2,124
14 years$4,063$3,517$3,034$2,611$2,240$1,831
15 years$3,753$3,213$2,740$2,328$1,973$1,584
16 years$3,482$2,948$2,484$2,085$1,743$1,376
17 years$3,243$2,715$2,260$1,873$1,546$1,198
18 years$3,031$2,508$2,063$1,688$1,375$1,046
19 years$2,842$2,325$1,889$1,525$1,225$915
20 years$2,671$2,160$1,733$1,381$1,094$802
21 years$2,517$2,012$1,594$1,254$979$705
22 years$2,378$1,878$1,469$1,140$878$619
23 years$2,250$1,757$1,357$1,038$788$545
24 years$2,134$1,646$1,255$947$708$481
25 years$2,026$1,545$1,162$865$637$424
26 years$1,928$1,452$1,078$791$574$374
27 years$1,836$1,366$1,001$724$518$331
28 years$1,752$1,287$930$663$467$292
29 years$1,673$1,215$866$608$422$258
30 years$1,600$1,147$807$558$381$229
31 years$1,532$1,084$752$512$344$202
32 years$1,468$1,026$702$471$312$179
33 years$1,408$972$655$433$282$159
34 years$1,351$921$612$399$255$141
35 years$1,298$873$572$367$231$125
36 years$1,248$829$535$338$210$111
37 years$1,201$787$501$311$190$98
38 years$1,157$748$469$287$172$87
39 years$1,115$712$440$265$156$77
40 years$1,075$677$412$244$142$68
41 years$1,037$644$386$225$128$61
42 years$1,001$614$362$208$117$54
43 years$966$585$340$192$106$48
44 years$934$557$319$177$96$42
45 years$903$532$300$164$87$38
46 years$873$507$282$151$79$33
47 years$845$484$264$140$72$30
48 years$818$462$249$129$65$26
49 years$792$441$234$119$59$23
50 years$767$421$220$110$54$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $786,000, adding $4,228 every year, while hoping to spend $32,739 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: 63/22/15 Blend
57$786,000$786,000$786,000$786,000
58$870,533$828,875$816,692$921,923
59$924,494$834,656$809,217$962,699
60$982,861$839,623$800,395$1,003,087
61$1,046,049$843,701$790,145$1,046,399
62$1,114,516$846,812$778,384$1,092,921
63$1,188,761$848,871$765,025$1,142,967
64$1,269,338$849,788$749,976$1,196,886
65$1,356,852$849,470$733,142$1,255,063
66$1,451,971$847,813$714,422$1,317,922
67$1,555,428$844,713$693,712$1,385,931
68$1,668,032$840,054$670,902$1,459,609
69$1,790,671$833,716$645,876$1,539,526
70$1,924,323$825,572$618,517$1,626,314
71$2,070,064$815,485$588,697$1,720,669
72$2,229,079$803,312$556,287$1,823,361
73$2,402,670$788,900$521,148$1,935,237
74$2,592,275$772,088$483,139$2,057,235
75$2,799,472$752,705$442,108$2,190,389
76$3,026,000$730,570$397,902$2,335,842
77$3,273,776$705,492$350,355$2,494,853
78$3,544,907$677,267$299,297$2,668,813
79$3,841,715$645,681$244,552$2,859,257
80$4,166,757$610,507$185,932$3,067,879
81$4,522,850$571,504$123,243$3,296,549
82$4,913,092$528,420$56,284$3,547,329
83$5,340,900$480,985$0$3,822,496
84$5,810,035$428,916$0$4,126,991
85$6,324,639$371,914$0$4,470,926
86$6,889,275$309,660$0$4,848,379
87$7,508,969$241,821$0$5,262,762
88$8,189,256$168,043$0$5,717,836
89$8,936,236$87,953$0$6,217,748
90$9,756,626$1,156$0$6,767,072
91$10,657,825$0$0$7,370,849
92$11,647,986$0$0$8,057,094
93$12,736,091$0$0$8,811,587
94$13,932,032$0$0$9,640,918
95$15,246,710$0$0$10,552,654
96$16,692,135$0$0$11,555,129
97$18,281,535$0$0$12,657,530
98$20,029,489$0$0$13,869,974
99$21,952,057$0$0$15,203,611
100$24,066,932$0$0$16,670,725