Can I retire at age 58 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$61,026$60,482$59,952$59,434$58,929$56,793
2 years$30,211$29,648$29,103$28,574$28,061$25,933
3 years$19,941$19,375$18,832$18,308$17,803$15,749
4 years$14,806$14,243$13,705$13,190$12,697$10,733
5 years$11,727$11,167$10,635$10,131$9,652$7,783
6 years$9,674$9,118$8,595$8,102$7,638$5,865
7 years$8,209$7,658$7,142$6,661$6,211$4,535
8 years$7,110$6,564$6,057$5,588$5,153$3,571
9 years$6,256$5,715$5,217$4,759$4,340$2,851
10 years$5,573$5,038$4,548$4,103$3,698$2,298
11 years$5,015$4,485$4,004$3,571$3,180$1,868
12 years$4,550$4,025$3,554$3,132$2,756$1,528
13 years$4,157$3,638$3,175$2,765$2,403$1,255
14 years$3,820$3,307$2,853$2,454$2,106$1,036
15 years$3,529$3,021$2,576$2,189$1,855$857
16 years$3,274$2,771$2,335$1,960$1,639$711
17 years$3,049$2,552$2,125$1,761$1,453$591
18 years$2,850$2,358$1,940$1,587$1,292$493
19 years$2,672$2,186$1,776$1,434$1,152$411
20 years$2,512$2,031$1,630$1,299$1,029$343
21 years$2,367$1,892$1,499$1,179$921$287
22 years$2,235$1,766$1,382$1,072$825$240
23 years$2,116$1,652$1,276$976$741$201
24 years$2,006$1,548$1,180$890$666$169
25 years$1,905$1,452$1,093$813$599$141
26 years$1,812$1,365$1,013$743$540$118
27 years$1,727$1,285$941$680$487$99
28 years$1,647$1,210$875$623$439$83
29 years$1,573$1,142$814$572$396$70
30 years$1,504$1,078$758$525$358$59
31 years$1,440$1,019$707$482$324$49
32 years$1,380$965$660$443$293$41
33 years$1,323$913$616$407$265$35
34 years$1,270$866$575$375$240$29
35 years$1,221$821$538$345$217$25
36 years$1,174$779$503$318$197$21
37 years$1,129$740$471$293$179$17
38 years$1,088$704$441$270$162$15
39 years$1,048$669$413$249$147$12
40 years$1,010$636$387$229$133$10
41 years$975$606$363$212$121$9
42 years$941$577$341$195$110$7
43 years$909$550$320$180$99$6
44 years$878$524$300$167$90$5
45 years$849$500$282$154$82$4
46 years$821$477$265$142$74$4
47 years$794$455$249$131$68$3
48 years$769$434$234$121$61$3
49 years$745$415$220$112$56$2
50 years$722$396$206$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $739,000, adding $4,704 every year, while hoping to spend $55,610 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: 52/34/14 Blend
57$739,000$739,000$739,000$739,000
58$819,230$780,063$768,609$858,518
59$843,623$759,118$735,188$864,953
60$868,640$735,282$698,785$865,659
61$894,287$708,356$659,239$865,173
62$920,566$678,127$616,386$863,397
63$947,480$644,372$570,051$860,229
64$975,029$606,853$520,054$855,557
65$1,003,212$565,318$466,206$849,264
66$1,032,025$519,504$408,309$841,225
67$1,061,461$469,129$346,157$831,305
68$1,091,510$413,897$279,533$819,364
69$1,122,161$353,495$208,214$805,249
70$1,153,397$287,591$131,965$788,800
71$1,185,197$215,837$50,539$769,844
72$1,217,536$137,862$0$748,199
73$1,250,385$53,277$0$729,101
74$1,283,707$0$0$715,322
75$1,317,460$0$0$713,463
76$1,351,595$0$0$731,717
77$1,386,054$0$0$750,115
78$1,420,770$0$0$768,618
79$1,455,667$0$0$787,181
80$1,490,658$0$0$805,753
81$1,525,644$0$0$824,274
82$1,560,511$0$0$842,680
83$1,595,130$0$0$860,894
84$1,629,357$0$0$878,833
85$1,663,029$0$0$896,400
86$1,695,960$0$0$913,489
87$1,727,945$0$0$929,978
88$1,758,750$0$0$945,735
89$1,788,116$0$0$960,606
90$1,815,751$0$0$974,425
91$1,841,330$0$0$987,002
92$1,864,491$0$0$998,126
93$1,884,827$0$0$1,007,565
94$1,901,887$0$0$1,015,057
95$1,915,169$0$0$1,020,312
96$1,924,113$0$0$1,023,007
97$1,928,098$0$0$1,022,784
98$1,926,432$0$0$1,019,243
99$1,918,350$0$0$1,011,944
100$1,902,998$0$0$1,000,396