Can I retire at age 58 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$59,952$59,418$58,897$58,389$57,892$55,838
2 years$29,679$29,127$28,591$28,072$27,568$25,520
3 years$19,590$19,035$18,500$17,986$17,490$15,513
4 years$14,546$13,992$13,463$12,958$12,474$10,583
5 years$11,520$10,970$10,448$9,953$9,483$7,683
6 years$9,504$8,958$8,444$7,959$7,503$5,796
7 years$8,064$7,523$7,017$6,544$6,102$4,487
8 years$6,985$6,449$5,951$5,489$5,062$3,537
9 years$6,146$5,615$5,125$4,676$4,263$2,827
10 years$5,475$4,949$4,468$4,031$3,632$2,282
11 years$4,927$4,406$3,934$3,508$3,124$1,857
12 years$4,470$3,954$3,491$3,077$2,707$1,521
13 years$4,084$3,574$3,119$2,716$2,361$1,251
14 years$3,753$3,248$2,803$2,411$2,069$1,034
15 years$3,467$2,967$2,530$2,150$1,822$857
16 years$3,216$2,723$2,294$1,925$1,610$712
17 years$2,996$2,507$2,088$1,730$1,428$593
18 years$2,800$2,317$1,906$1,559$1,270$495
19 years$2,625$2,147$1,745$1,409$1,132$413
20 years$2,467$1,995$1,601$1,276$1,011$346
21 years$2,325$1,859$1,473$1,158$905$290
22 years$2,196$1,735$1,357$1,053$811$243
23 years$2,078$1,623$1,253$959$728$204
24 years$1,971$1,520$1,159$875$654$171
25 years$1,872$1,427$1,074$799$589$143
26 years$1,781$1,341$996$730$530$120
27 years$1,696$1,262$925$668$478$101
28 years$1,618$1,189$859$612$431$85
29 years$1,545$1,122$800$562$390$72
30 years$1,478$1,059$745$515$352$60
31 years$1,415$1,002$695$473$318$51
32 years$1,356$948$648$435$288$43
33 years$1,300$897$605$400$260$36
34 years$1,248$851$565$368$236$30
35 years$1,199$807$529$339$214$25
36 years$1,153$766$494$312$194$21
37 years$1,110$727$463$288$175$18
38 years$1,068$691$433$265$159$15
39 years$1,029$657$406$244$144$13
40 years$993$625$381$225$131$11
41 years$958$595$357$208$119$9
42 years$924$567$335$192$108$8
43 years$893$540$314$177$98$6
44 years$863$515$295$164$89$5
45 years$834$491$277$151$81$5
46 years$807$468$260$140$73$4
47 years$780$447$244$129$66$3
48 years$756$427$230$119$60$3
49 years$732$407$216$110$55$2
50 years$709$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $726,000, adding $4,757 every year, while hoping to spend $49,403 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: 65/16/19 Blend
57$726,000$726,000$726,000$726,000
58$804,959$766,481$755,228$853,143
59$834,500$751,474$727,964$871,058
60$865,399$734,076$698,130$884,546
61$897,742$714,118$665,589$898,111
62$931,621$691,420$630,197$911,761
63$967,140$665,792$591,801$925,508
64$1,004,406$637,034$550,245$939,367
65$1,043,541$604,934$505,363$953,353
66$1,084,672$569,266$456,983$967,490
67$1,127,942$529,793$404,926$981,802
68$1,173,504$486,264$349,002$996,321
69$1,221,523$438,414$289,016$1,011,083
70$1,272,183$385,960$224,762$1,026,132
71$1,325,681$328,608$156,027$1,041,517
72$1,382,234$266,043$82,587$1,057,297
73$1,442,077$197,934$4,209$1,073,540
74$1,505,468$123,932$0$1,090,324
75$1,572,688$43,667$0$1,123,842
76$1,644,045$0$0$1,160,052
77$1,719,875$0$0$1,205,885
78$1,800,546$0$0$1,262,849
79$1,886,461$0$0$1,323,543
80$1,978,060$0$0$1,388,282
81$2,075,827$0$0$1,457,411
82$2,180,290$0$0$1,531,309
83$2,292,029$0$0$1,610,389
84$2,411,680$0$0$1,695,106
85$2,539,940$0$0$1,785,959
86$2,677,574$0$0$1,883,494
87$2,825,421$0$0$1,988,312
88$2,984,403$0$0$2,101,071
89$3,155,531$0$0$2,222,495
90$3,339,916$0$0$2,353,379
91$3,538,777$0$0$2,494,595
92$3,753,455$0$0$2,647,101
93$3,985,423$0$0$2,811,953
94$4,236,298$0$0$2,990,306
95$4,507,861$0$0$3,183,435
96$4,802,065$0$0$3,392,739
97$5,121,062$0$0$3,619,757
98$5,467,216$0$0$3,866,181
99$5,843,128$0$0$4,133,871
100$6,251,657$0$0$4,424,877