Can I retire at age 58 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$60,365$59,828$59,303$58,791$58,291$57,997
2 years$29,884$29,327$28,788$28,265$27,758$27,460
3 years$19,725$19,166$18,628$18,110$17,611$17,320
4 years$14,646$14,089$13,556$13,047$12,560$12,278
5 years$11,600$11,046$10,520$10,021$9,548$9,276
6 years$9,569$9,020$8,502$8,014$7,555$7,292
7 years$8,120$7,575$7,065$6,589$6,144$5,892
8 years$7,033$6,493$5,992$5,527$5,097$4,855
9 years$6,188$5,653$5,161$4,708$4,293$4,060
10 years$5,513$4,983$4,499$4,058$3,657$3,435
11 years$4,961$4,436$3,961$3,532$3,146$2,933
12 years$4,501$3,982$3,515$3,098$2,726$2,523
13 years$4,112$3,598$3,141$2,735$2,377$2,183
14 years$3,779$3,271$2,822$2,428$2,084$1,899
15 years$3,491$2,988$2,548$2,165$1,835$1,659
16 years$3,239$2,741$2,310$1,939$1,621$1,454
17 years$3,016$2,525$2,102$1,742$1,438$1,279
18 years$2,819$2,333$1,919$1,570$1,278$1,128
19 years$2,643$2,162$1,757$1,418$1,139$997
20 years$2,484$2,009$1,612$1,285$1,018$883
21 years$2,341$1,871$1,483$1,166$911$783
22 years$2,211$1,747$1,367$1,060$816$696
23 years$2,093$1,634$1,262$965$733$619
24 years$1,984$1,531$1,167$881$659$551
25 years$1,885$1,437$1,081$804$593$492
26 years$1,793$1,350$1,002$735$534$439
27 years$1,708$1,271$931$673$481$392
28 years$1,629$1,197$865$617$434$350
29 years$1,556$1,130$805$565$392$313
30 years$1,488$1,067$750$519$354$280
31 years$1,424$1,008$699$477$320$251
32 years$1,365$954$652$438$290$225
33 years$1,309$904$609$403$262$202
34 years$1,257$856$569$371$237$181
35 years$1,207$812$532$341$215$162
36 years$1,161$771$498$314$195$145
37 years$1,117$732$466$290$177$130
38 years$1,076$696$436$267$160$117
39 years$1,037$662$409$246$145$105
40 years$999$630$383$227$132$94
41 years$964$599$359$209$119$85
42 years$931$571$337$193$108$76
43 years$899$544$316$178$98$68
44 years$869$518$297$165$89$61
45 years$840$494$279$152$81$55
46 years$812$472$262$141$74$50
47 years$786$450$246$130$67$45
48 years$761$430$231$120$61$40
49 years$737$410$217$111$55$36
50 years$714$392$204$102$50$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $731,000, adding $3,557 every year, while hoping to spend $40,498 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: 73/22/5 Blend
57$731,000$731,000$731,000$731,000
58$809,231$770,488$759,158$867,718
59$848,683$765,152$741,500$901,376
60$890,802$758,198$721,893$932,758
61$935,817$749,503$700,230$965,966
62$983,979$738,937$676,396$1,001,167
63$1,035,564$726,364$650,275$1,038,543
64$1,090,874$711,639$621,741$1,078,298
65$1,150,241$694,607$590,667$1,120,658
66$1,214,028$675,105$556,917$1,165,870
67$1,282,635$652,962$520,350$1,214,208
68$1,356,501$627,993$480,819$1,265,976
69$1,436,106$600,007$438,169$1,321,509
70$1,521,980$568,799$392,239$1,381,176
71$1,614,705$534,153$342,861$1,445,388
72$1,714,917$495,839$289,860$1,514,596
73$1,823,321$453,617$233,052$1,589,299
74$1,940,686$407,231$172,245$1,670,049
75$2,067,861$356,410$107,241$1,757,457
76$2,205,778$300,870$37,829$1,852,195
77$2,355,464$240,308$0$1,955,008
78$2,518,045$174,407$0$2,068,653
79$2,694,762$102,830$0$2,194,383
80$2,886,981$25,222$0$2,331,194
81$3,096,203$0$0$2,480,208
82$3,324,080$0$0$2,656,895
83$3,572,431$0$0$2,856,141
84$3,843,256$0$0$3,073,451
85$4,138,759$0$0$3,310,594
86$4,461,362$0$0$3,569,521
87$4,813,735$0$0$3,852,378
88$5,198,816$0$0$4,161,528
89$5,619,838$0$0$4,499,571
90$6,080,363$0$0$4,869,372
91$6,584,311$0$0$5,274,084
92$7,136,001$0$0$5,717,180
93$7,740,185$0$0$6,202,484
94$8,402,100$0$0$6,734,206
95$9,127,512$0$0$7,316,985
96$9,922,770$0$0$7,955,928
97$10,794,869$0$0$8,656,660
98$11,751,510$0$0$9,425,377
99$12,801,180$0$0$10,268,905
100$13,953,223$0$0$11,194,759