Can I retire at age 58 with 787,000?

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 $787,000?

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$64,990$64,411$63,846$63,295$62,756$62,179
2 years$32,173$31,574$30,993$30,430$29,884$29,302
3 years$21,236$20,634$20,055$19,497$18,960$18,391
4 years$15,768$15,168$14,595$14,046$13,522$12,972
5 years$12,488$11,892$11,326$10,789$10,279$9,749
6 years$10,303$9,711$9,153$8,628$8,134$7,623
7 years$8,742$8,155$7,606$7,094$6,615$6,125
8 years$7,572$6,990$6,451$5,951$5,488$5,019
9 years$6,662$6,086$5,556$5,069$4,621$4,173
10 years$5,935$5,365$4,844$4,369$3,938$3,509
11 years$5,341$4,776$4,264$3,803$3,387$2,978
12 years$4,846$4,287$3,785$3,335$2,935$2,545
13 years$4,427$3,874$3,381$2,945$2,559$2,189
14 years$4,068$3,521$3,038$2,614$2,243$1,891
15 years$3,758$3,217$2,743$2,331$1,975$1,641
16 years$3,487$2,951$2,487$2,087$1,746$1,429
17 years$3,248$2,718$2,263$1,875$1,548$1,248
18 years$3,035$2,512$2,066$1,690$1,376$1,093
19 years$2,845$2,328$1,891$1,527$1,227$959
20 years$2,675$2,163$1,736$1,383$1,096$843
21 years$2,521$2,015$1,596$1,255$981$743
22 years$2,381$1,881$1,471$1,141$879$655
23 years$2,253$1,759$1,359$1,039$789$578
24 years$2,136$1,648$1,256$948$709$511
25 years$2,029$1,547$1,164$866$638$452
26 years$1,930$1,454$1,079$792$575$400
27 years$1,839$1,368$1,002$725$518$355
28 years$1,754$1,289$932$664$468$315
29 years$1,675$1,216$867$609$422$279
30 years$1,602$1,148$808$559$382$248
31 years$1,534$1,086$753$513$345$220
32 years$1,469$1,027$702$472$312$196
33 years$1,409$973$656$434$282$174
34 years$1,353$922$613$399$256$155
35 years$1,300$875$573$367$232$137
36 years$1,250$830$536$338$210$122
37 years$1,203$788$502$312$190$109
38 years$1,158$749$470$287$172$97
39 years$1,116$712$440$265$156$86
40 years$1,076$678$413$244$142$77
41 years$1,038$645$387$225$129$68
42 years$1,002$614$363$208$117$61
43 years$968$585$340$192$106$54
44 years$935$558$320$177$96$48
45 years$904$532$300$164$87$43
46 years$874$508$282$151$79$38
47 years$846$484$265$140$72$34
48 years$819$463$249$129$65$30
49 years$793$442$234$119$59$27
50 years$768$422$220$110$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $787,000, adding $5,975 every year, while hoping to spend $41,301 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: 43/33/24 Blend
57$787,000$787,000$787,000$787,000
58$873,437$831,726$819,528$904,662
59$918,584$828,537$803,038$924,272
60$966,951$823,807$784,612$941,077
61$1,018,824$817,418$764,140$958,465
62$1,074,515$809,242$741,510$976,512
63$1,134,368$799,147$716,602$995,305
64$1,198,758$786,990$689,293$1,014,941
65$1,268,100$772,621$659,453$1,035,534
66$1,342,848$755,881$626,946$1,057,209
67$1,423,499$736,600$591,630$1,080,110
68$1,510,604$714,601$553,357$1,104,397
69$1,604,762$689,693$511,972$1,130,252
70$1,706,638$661,678$467,312$1,157,880
71$1,816,958$630,343$419,210$1,187,510
72$1,936,522$595,464$367,488$1,219,400
73$2,066,210$556,805$311,962$1,253,840
74$2,206,989$514,114$252,438$1,291,153
75$2,359,924$467,127$188,717$1,331,701
76$2,526,184$415,565$120,587$1,375,892
77$2,707,057$359,130$47,829$1,424,177
78$2,903,961$297,511$0$1,477,065
79$3,118,453$230,378$0$1,542,755
80$3,352,250$157,381$0$1,627,809
81$3,607,239$78,152$0$1,720,733
82$3,885,498$0$0$1,822,378
83$4,189,315$0$0$1,936,479
84$4,521,207$0$0$2,092,216
85$4,883,947$0$0$2,262,523
86$5,280,586$0$0$2,448,843
87$5,714,484$0$0$2,652,767
88$6,189,340$0$0$2,876,047
89$6,709,230$0$0$3,120,611
90$7,278,638$0$0$3,388,585
91$7,902,506$0$0$3,682,306
92$8,586,273$0$0$4,004,351
93$9,335,933$0$0$4,357,558
94$10,158,085$0$0$4,745,052
95$11,059,997$0$0$5,170,276
96$12,049,677$0$0$5,637,022
97$13,135,944$0$0$6,149,465
98$14,328,512$0$0$6,712,209
99$15,638,081$0$0$7,330,320
100$17,076,441$0$0$8,009,383