Can I retire at age 58 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$60,943$60,400$59,871$59,354$58,849$58,114
2 years$30,170$29,608$29,064$28,536$28,023$27,283
3 years$19,914$19,349$18,806$18,283$17,779$17,058
4 years$14,786$14,224$13,686$13,172$12,680$11,983
5 years$11,711$11,152$10,621$10,117$9,639$8,968
6 years$9,661$9,106$8,583$8,091$7,627$6,983
7 years$8,198$7,647$7,133$6,652$6,203$5,585
8 years$7,100$6,555$6,049$5,580$5,146$4,555
9 years$6,248$5,707$5,210$4,753$4,334$3,770
10 years$5,566$5,031$4,542$4,097$3,693$3,155
11 years$5,008$4,479$3,999$3,566$3,176$2,664
12 years$4,544$4,020$3,549$3,128$2,752$2,266
13 years$4,151$3,633$3,171$2,761$2,400$1,938
14 years$3,815$3,302$2,849$2,451$2,104$1,666
15 years$3,524$3,016$2,572$2,186$1,852$1,438
16 years$3,270$2,768$2,332$1,957$1,637$1,245
17 years$3,045$2,549$2,122$1,759$1,451$1,081
18 years$2,846$2,355$1,937$1,585$1,291$941
19 years$2,668$2,183$1,773$1,432$1,150$821
20 years$2,508$2,028$1,628$1,297$1,027$718
21 years$2,364$1,889$1,497$1,177$919$628
22 years$2,232$1,764$1,380$1,070$824$551
23 years$2,113$1,649$1,274$975$740$483
24 years$2,003$1,545$1,178$889$665$425
25 years$1,903$1,450$1,091$812$598$373
26 years$1,810$1,363$1,012$742$539$329
27 years$1,724$1,283$940$679$486$289
28 years$1,645$1,209$874$623$438$255
29 years$1,571$1,140$813$571$396$225
30 years$1,502$1,077$757$524$358$198
31 years$1,438$1,018$706$481$323$175
32 years$1,378$963$659$442$293$154
33 years$1,322$912$615$407$265$136
34 years$1,269$865$575$374$240$120
35 years$1,219$820$537$344$217$106
36 years$1,172$778$503$317$197$94
37 years$1,128$739$470$292$178$83
38 years$1,086$703$441$269$162$73
39 years$1,046$668$413$248$147$65
40 years$1,009$636$387$229$133$57
41 years$973$605$363$211$121$51
42 years$940$576$340$195$109$45
43 years$907$549$319$180$99$40
44 years$877$523$300$166$90$35
45 years$848$499$281$154$82$31
46 years$820$476$264$142$74$27
47 years$793$454$248$131$67$24
48 years$768$434$233$121$61$21
49 years$744$414$219$112$56$19
50 years$721$396$206$103$51$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $738,000, adding $5,452 every year, while hoping to spend $55,465 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: 75/20/5 Blend
57$738,000$738,000$738,000$738,000
58$818,900$779,786$768,347$879,629
59$843,413$758,981$735,072$899,492
60$868,568$735,298$698,824$913,604
61$894,371$708,536$659,443$927,450
62$920,828$678,486$616,766$940,980
63$947,944$644,923$570,619$954,145
64$975,721$607,611$520,821$966,886
65$1,004,160$566,300$467,185$979,143
66$1,033,261$520,725$409,512$990,851
67$1,063,021$470,607$347,598$1,001,936
68$1,093,434$415,652$281,227$1,012,322
69$1,124,491$355,546$210,175$1,021,926
70$1,156,181$289,960$134,208$1,030,655
71$1,188,489$218,545$53,081$1,038,413
72$1,221,395$140,934$0$1,045,092
73$1,254,876$56,738$0$1,052,365
74$1,288,902$0$0$1,061,460
75$1,323,438$0$0$1,077,004
76$1,358,444$0$0$1,105,406
77$1,393,871$0$0$1,134,140
78$1,429,662$0$0$1,163,158
79$1,465,753$0$0$1,192,406
80$1,502,069$0$0$1,221,822
81$1,538,524$0$0$1,251,333
82$1,575,019$0$0$1,280,858
83$1,611,444$0$0$1,310,305
84$1,647,670$0$0$1,339,567
85$1,683,555$0$0$1,368,525
86$1,718,936$0$0$1,397,045
87$1,753,632$0$0$1,424,976
88$1,787,436$0$0$1,452,147
89$1,820,119$0$0$1,478,367
90$1,851,423$0$0$1,503,421
91$1,881,057$0$0$1,527,070
92$1,908,698$0$0$1,549,046
93$1,933,986$0$0$1,569,049
94$1,956,518$0$0$1,586,745
95$1,975,843$0$0$1,601,763
96$1,991,462$0$0$1,613,687
97$2,002,818$0$0$1,622,056
98$2,009,291$0$0$1,626,358
99$2,010,194$0$0$1,626,023
100$2,004,760$0$0$1,620,417