Can I retire at age 58 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$60,613$60,073$59,546$59,032$58,530$57,943
2 years$30,006$29,448$28,906$28,381$27,872$27,280
3 years$19,806$19,244$18,704$18,184$17,683$17,106
4 years$14,706$14,147$13,612$13,100$12,612$12,053
5 years$11,647$11,091$10,563$10,062$9,587$9,049
6 years$9,609$9,057$8,537$8,047$7,586$7,068
7 years$8,153$7,606$7,094$6,616$6,169$5,673
8 years$7,062$6,520$6,016$5,550$5,118$4,643
9 years$6,214$5,676$5,182$4,727$4,310$3,856
10 years$5,536$5,004$4,518$4,075$3,672$3,239
11 years$4,981$4,454$3,977$3,546$3,158$2,745
12 years$4,519$3,998$3,530$3,111$2,737$2,343
13 years$4,129$3,613$3,154$2,746$2,387$2,012
14 years$3,794$3,284$2,834$2,438$2,092$1,737
15 years$3,505$3,000$2,558$2,174$1,842$1,505
16 years$3,252$2,753$2,319$1,947$1,628$1,309
17 years$3,029$2,535$2,111$1,749$1,444$1,141
18 years$2,831$2,342$1,927$1,576$1,284$998
19 years$2,654$2,171$1,764$1,424$1,144$874
20 years$2,495$2,017$1,619$1,290$1,022$768
21 years$2,351$1,879$1,489$1,171$914$675
22 years$2,220$1,754$1,372$1,064$820$594
23 years$2,101$1,641$1,267$969$736$524
24 years$1,992$1,537$1,172$884$661$463
25 years$1,892$1,442$1,085$807$595$409
26 years$1,800$1,356$1,007$738$536$361
27 years$1,715$1,276$935$676$483$320
28 years$1,636$1,202$869$619$436$283
29 years$1,563$1,134$809$568$394$251
30 years$1,494$1,071$753$521$356$222
31 years$1,430$1,013$702$479$322$197
32 years$1,370$958$655$440$291$175
33 years$1,314$907$612$404$263$155
34 years$1,262$860$572$372$238$138
35 years$1,212$816$534$343$216$122
36 years$1,166$774$500$316$196$108
37 years$1,122$735$468$291$177$96
38 years$1,080$699$438$268$161$86
39 years$1,041$664$410$247$146$76
40 years$1,003$632$385$228$132$68
41 years$968$602$361$210$120$60
42 years$934$573$338$194$109$53
43 years$903$546$318$179$99$47
44 years$872$521$298$165$90$42
45 years$843$496$280$153$81$38
46 years$815$473$263$141$74$33
47 years$789$452$247$130$67$30
48 years$764$431$232$120$61$26
49 years$740$412$218$111$55$23
50 years$717$393$205$103$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $734,000, adding $3,580 every year, while hoping to spend $25,040 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: 44/30/26 Blend
57$734,000$734,000$734,000$734,000
58$812,561$773,659$762,282$842,045
59$868,800$784,926$761,176$874,635
60$929,936$795,905$759,194$907,258
61$996,442$806,558$756,279$942,134
62$1,068,839$816,839$752,374$979,485
63$1,147,699$826,702$747,418$1,019,558
64$1,233,653$836,100$741,345$1,062,625
65$1,327,394$844,977$734,089$1,108,990
66$1,429,686$853,279$725,578$1,158,984
67$1,541,369$860,944$715,740$1,212,976
68$1,663,368$867,910$704,497$1,271,376
69$1,796,702$874,108$691,768$1,334,632
70$1,942,491$879,465$677,468$1,403,244
71$2,101,970$883,904$661,508$1,477,761
72$2,276,498$887,342$643,796$1,558,793
73$2,467,573$889,694$624,235$1,647,010
74$2,676,841$890,865$602,723$1,743,157
75$2,906,119$890,757$579,153$1,848,053
76$3,157,404$889,265$553,416$1,962,605
77$3,432,899$886,279$525,395$2,087,814
78$3,735,027$881,679$494,969$2,224,787
79$4,066,460$875,341$462,010$2,374,745
80$4,430,138$867,132$426,387$2,539,036
81$4,829,302$856,911$387,960$2,719,150
82$5,267,520$844,529$346,586$2,916,732
83$5,748,723$829,828$302,113$3,133,599
84$6,277,243$812,639$254,384$3,371,753
85$6,857,850$792,786$203,234$3,633,410
86$7,495,798$770,081$148,490$3,921,011
87$8,196,879$744,324$89,973$4,237,254
88$8,967,470$715,305$27,497$4,585,114
89$9,814,598$682,801$0$4,967,877
90$10,746,005$646,576$0$5,400,035
91$11,770,221$606,382$0$5,883,568
92$12,896,643$561,954$0$6,415,312
93$14,135,624$513,013$0$7,000,199
94$15,498,572$459,266$0$7,643,668
95$16,998,056$400,399$0$8,351,715
96$18,647,925$336,086$0$9,130,950
97$20,463,436$265,977$0$9,988,662
98$22,461,402$189,705$0$10,932,887
99$24,660,348$106,883$0$11,972,483
100$27,080,684$17,101$0$13,117,220