Can I retire at age 58 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$60,448$59,909$59,384$58,871$58,371$56,055
2 years$29,925$29,367$28,827$28,304$27,796$25,491
3 years$19,752$19,192$18,653$18,134$17,635$15,414
4 years$14,666$14,108$13,575$13,065$12,577$10,457
5 years$11,616$11,061$10,535$10,035$9,561$7,547
6 years$9,583$9,032$8,513$8,025$7,565$5,659
7 years$8,131$7,585$7,075$6,598$6,153$4,353
8 years$7,043$6,502$6,000$5,535$5,104$3,410
9 years$6,197$5,661$5,168$4,714$4,298$2,707
10 years$5,520$4,990$4,505$4,064$3,662$2,170
11 years$4,967$4,442$3,966$3,537$3,150$1,753
12 years$4,507$3,987$3,520$3,102$2,730$1,425
13 years$4,118$3,603$3,145$2,739$2,380$1,164
14 years$3,784$3,275$2,826$2,431$2,087$954
15 years$3,495$2,992$2,551$2,168$1,837$785
16 years$3,243$2,745$2,313$1,941$1,624$647
17 years$3,021$2,528$2,105$1,744$1,440$534
18 years$2,823$2,336$1,921$1,572$1,280$442
19 years$2,647$2,165$1,759$1,420$1,141$366
20 years$2,488$2,012$1,614$1,286$1,019$304
21 years$2,344$1,874$1,485$1,168$912$252
22 years$2,214$1,749$1,369$1,062$817$210
23 years$2,096$1,636$1,264$967$734$174
24 years$1,987$1,533$1,169$882$660$145
25 years$1,887$1,439$1,082$805$594$121
26 years$1,795$1,352$1,004$736$535$100
27 years$1,710$1,272$932$674$482$84
28 years$1,631$1,199$867$617$435$70
29 years$1,558$1,131$806$566$393$58
30 years$1,490$1,068$751$520$355$48
31 years$1,426$1,010$700$477$321$40
32 years$1,367$955$653$439$290$34
33 years$1,311$905$610$403$263$28
34 years$1,258$858$570$371$238$23
35 years$1,209$813$533$342$215$19
36 years$1,163$772$499$315$195$16
37 years$1,119$733$467$290$177$14
38 years$1,077$697$437$267$160$11
39 years$1,038$663$409$246$145$9
40 years$1,001$630$384$227$132$8
41 years$965$600$360$210$120$7
42 years$932$572$338$194$109$5
43 years$900$545$317$179$99$5
44 years$870$519$297$165$89$4
45 years$841$495$279$152$81$3
46 years$813$472$262$141$74$3
47 years$787$451$246$130$67$2
48 years$762$430$231$120$61$2
49 years$738$411$218$111$55$2
50 years$715$392$205$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $732,000, adding $6,542 every year, while hoping to spend $55,659 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: 49/41/10 Blend
57$732,000$732,000$732,000$732,000
58$813,412$774,616$763,270$850,769
59$837,159$753,352$729,619$855,812
60$861,463$729,180$692,975$854,890
61$886,322$701,899$653,179$852,608
62$911,732$671,297$610,065$848,857
63$937,686$637,148$563,460$843,518
64$964,175$599,213$513,181$836,466
65$991,189$557,242$459,040$827,565
66$1,018,710$510,967$400,838$816,674
67$1,046,721$460,107$338,369$803,639
68$1,075,198$404,364$271,416$788,297
69$1,104,114$343,423$199,754$770,476
70$1,133,435$276,953$123,148$749,990
71$1,163,124$204,602$41,351$726,643
72$1,193,134$125,999$0$700,223
73$1,223,413$40,752$0$675,409
74$1,253,901$0$0$652,087
75$1,284,528$0$0$648,873
76$1,315,216$0$0$664,034
77$1,345,872$0$0$679,134
78$1,376,396$0$0$694,117
79$1,406,671$0$0$708,917
80$1,436,564$0$0$723,464
81$1,465,929$0$0$737,674
82$1,494,598$0$0$751,457
83$1,522,385$0$0$764,710
84$1,549,079$0$0$777,318
85$1,574,445$0$0$789,152
86$1,598,221$0$0$800,068
87$1,620,111$0$0$809,906
88$1,639,790$0$0$818,487
89$1,656,889$0$0$825,611
90$1,671,003$0$0$831,056
91$1,681,678$0$0$834,576
92$1,688,408$0$0$835,895
93$1,690,634$0$0$834,709
94$1,687,733$0$0$830,679
95$1,679,011$0$0$823,429
96$1,663,703$0$0$812,542
97$1,640,957$0$0$797,556
98$1,609,828$0$0$777,958
99$1,569,272$0$0$753,182
100$1,518,128$0$0$722,599