Can I retire at age 58 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$60,861$60,319$59,790$59,274$58,769$57,536
2 years$30,129$29,568$29,024$28,497$27,985$26,748
3 years$19,887$19,323$18,781$18,258$17,755$16,553
4 years$14,766$14,204$13,667$13,154$12,663$11,506
5 years$11,695$11,136$10,606$10,104$9,626$8,517
6 years$9,648$9,094$8,572$8,080$7,617$6,556
7 years$8,187$7,637$7,123$6,643$6,195$5,183
8 years$7,091$6,546$6,041$5,573$5,139$4,176
9 years$6,239$5,700$5,203$4,747$4,328$3,413
10 years$5,558$5,024$4,536$4,092$3,688$2,820
11 years$5,001$4,473$3,994$3,561$3,171$2,350
12 years$4,538$4,014$3,544$3,123$2,748$1,972
13 years$4,146$3,628$3,166$2,758$2,397$1,663
14 years$3,810$3,298$2,845$2,448$2,101$1,410
15 years$3,519$3,012$2,569$2,183$1,850$1,199
16 years$3,265$2,764$2,329$1,955$1,635$1,023
17 years$3,041$2,545$2,119$1,756$1,449$876
18 years$2,842$2,352$1,935$1,583$1,289$751
19 years$2,665$2,180$1,771$1,430$1,149$645
20 years$2,505$2,026$1,625$1,295$1,026$555
21 years$2,360$1,887$1,495$1,176$918$478
22 years$2,229$1,761$1,378$1,069$823$412
23 years$2,110$1,647$1,272$973$739$356
24 years$2,001$1,543$1,177$888$664$308
25 years$1,900$1,448$1,090$811$598$266
26 years$1,808$1,361$1,011$741$538$230
27 years$1,722$1,281$939$679$485$199
28 years$1,643$1,207$872$622$438$173
29 years$1,569$1,139$812$570$395$150
30 years$1,500$1,075$756$523$357$130
31 years$1,436$1,017$705$481$323$113
32 years$1,376$962$658$442$292$98
33 years$1,320$911$614$406$264$85
34 years$1,267$863$574$374$239$73
35 years$1,217$819$537$344$217$64
36 years$1,171$777$502$317$196$55
37 years$1,126$738$470$292$178$48
38 years$1,085$702$440$269$161$42
39 years$1,045$667$412$248$146$36
40 years$1,008$635$386$229$133$31
41 years$972$604$362$211$120$27
42 years$938$575$340$195$109$24
43 years$906$548$319$180$99$21
44 years$876$523$299$166$90$18
45 years$847$498$281$153$82$16
46 years$819$475$264$142$74$13
47 years$792$454$248$131$67$12
48 years$767$433$233$121$61$10
49 years$743$414$219$112$56$9
50 years$720$395$206$103$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $737,000, adding $5,665 every year, while hoping to spend $34,729 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: 49/27/24 Blend
57$737,000$737,000$737,000$737,000
58$818,017$778,956$767,533$852,299
59$864,504$780,174$756,294$878,007
60$914,568$780,287$743,514$901,986
61$968,538$779,205$729,106$927,334
62$1,026,774$776,832$712,977$954,196
63$1,089,673$773,065$695,030$982,733
64$1,157,670$767,795$675,163$1,013,123
65$1,231,244$760,908$653,273$1,045,568
66$1,310,920$752,282$629,246$1,080,289
67$1,397,277$741,787$602,969$1,117,532
68$1,490,950$729,286$574,320$1,157,574
69$1,592,640$714,633$543,172$1,200,717
70$1,703,114$697,675$509,393$1,247,303
71$1,823,220$678,249$472,846$1,297,707
72$1,953,887$656,183$433,386$1,352,348
73$2,096,141$631,293$390,862$1,411,689
74$2,251,108$603,387$345,116$1,476,246
75$2,420,028$572,260$295,984$1,546,588
76$2,604,266$537,696$243,295$1,623,351
77$2,805,325$499,466$186,868$1,707,235
78$3,024,857$457,329$126,518$1,799,019
79$3,264,683$411,029$62,047$1,899,565
80$3,526,807$360,296$0$2,009,827
81$3,813,435$304,844$0$2,132,595
82$4,126,996$244,372$0$2,284,377
83$4,470,165$178,562$0$2,450,623
84$4,845,888$107,077$0$2,632,825
85$5,257,406$29,562$0$2,832,636
86$5,708,293$0$0$3,051,876
87$6,202,481$0$0$3,308,707
88$6,744,302$0$0$3,600,004
89$7,338,527$0$0$3,919,557
90$7,990,413$0$0$4,270,205
91$8,705,746$0$0$4,655,070
92$9,490,903$0$0$5,077,594
93$10,352,907$0$0$5,541,569
94$11,299,495$0$0$6,051,171
95$12,339,187$0$0$6,610,999
96$13,481,374$0$0$7,226,121
97$14,736,397$0$0$7,902,121
98$16,115,649$0$0$8,645,150
99$17,631,684$0$0$9,461,984
100$19,298,330$0$0$10,360,088