Can I retire at age 58 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$61,934$61,383$60,844$60,319$59,806$59,083
2 years$30,661$30,090$29,536$29,000$28,479$27,752
3 years$20,237$19,664$19,112$18,580$18,068$17,359
4 years$15,027$14,455$13,909$13,386$12,886$12,200
5 years$11,901$11,333$10,794$10,282$9,796$9,136
6 years$9,818$9,254$8,723$8,222$7,751$7,117
7 years$8,331$7,772$7,249$6,760$6,304$5,696
8 years$7,216$6,662$6,147$5,671$5,230$4,648
9 years$6,349$5,800$5,295$4,830$4,404$3,849
10 years$5,656$5,113$4,616$4,164$3,753$3,223
11 years$5,090$4,551$4,064$3,624$3,227$2,723
12 years$4,618$4,085$3,607$3,179$2,797$2,318
13 years$4,219$3,692$3,222$2,806$2,439$1,984
14 years$3,877$3,356$2,895$2,491$2,138$1,706
15 years$3,581$3,066$2,614$2,222$1,882$1,474
16 years$3,323$2,813$2,370$1,989$1,664$1,277
17 years$3,095$2,590$2,157$1,787$1,475$1,110
18 years$2,892$2,394$1,969$1,611$1,312$967
19 years$2,712$2,218$1,802$1,455$1,169$844
20 years$2,549$2,061$1,654$1,318$1,044$738
21 years$2,402$1,920$1,521$1,196$934$647
22 years$2,269$1,792$1,402$1,088$838$568
23 years$2,147$1,676$1,295$991$752$498
24 years$2,036$1,571$1,197$903$676$438
25 years$1,934$1,474$1,109$825$608$386
26 years$1,839$1,385$1,029$754$548$340
27 years$1,752$1,304$955$691$494$299
28 years$1,672$1,228$888$633$446$264
29 years$1,597$1,159$826$580$402$233
30 years$1,527$1,094$770$532$364$205
31 years$1,461$1,035$717$489$329$181
32 years$1,400$979$669$449$297$160
33 years$1,343$927$625$413$269$142
34 years$1,289$879$584$380$244$125
35 years$1,239$833$546$350$221$111
36 years$1,191$791$511$322$200$98
37 years$1,146$751$478$297$181$87
38 years$1,104$714$448$274$164$77
39 years$1,063$679$419$252$149$68
40 years$1,025$646$393$233$135$60
41 years$989$615$369$215$123$53
42 years$955$586$346$198$111$47
43 years$922$558$324$183$101$42
44 years$891$532$305$169$92$37
45 years$861$507$286$156$83$33
46 years$833$484$269$144$76$29
47 years$806$462$252$133$69$26
48 years$780$441$237$123$62$23
49 years$756$421$223$114$57$20
50 years$732$402$210$105$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $750,000, adding $4,655 every year, while hoping to spend $42,670 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: 43/31/26 Blend
57$750,000$750,000$750,000$750,000
58$831,302$791,552$779,927$860,574
59$870,694$784,937$760,654$875,312
60$912,674$776,568$739,305$886,844
61$957,461$766,314$715,766$898,507
62$1,005,294$754,036$689,916$910,338
63$1,056,437$739,587$661,632$922,379
64$1,111,178$722,811$630,780$934,683
65$1,169,832$703,542$597,225$947,308
66$1,232,746$681,607$560,824$960,322
67$1,300,301$656,821$521,426$973,807
68$1,372,913$628,986$478,875$987,854
69$1,451,041$597,898$433,009$1,002,570
70$1,535,189$563,336$383,655$1,018,075
71$1,625,907$525,069$330,637$1,034,508
72$1,723,804$482,851$273,768$1,052,028
73$1,829,546$436,425$212,853$1,070,815
74$1,943,866$385,517$147,690$1,091,071
75$2,067,570$329,836$78,067$1,113,028
76$2,201,542$269,078$3,762$1,136,948
77$2,346,757$202,920$0$1,163,123
78$2,504,284$131,021$0$1,212,841
79$2,675,301$53,021$0$1,267,996
80$2,861,102$0$0$1,328,033
81$3,063,113$0$0$1,404,227
82$3,282,898$0$0$1,506,886
83$3,522,184$0$0$1,618,739
84$3,782,866$0$0$1,740,682
85$4,067,032$0$0$1,873,703
86$4,376,980$0$0$2,018,890
87$4,715,239$0$0$2,177,438
88$5,084,592$0$0$2,350,667
89$5,488,104$0$0$2,540,026
90$5,929,148$0$0$2,747,111
91$6,411,438$0$0$2,973,681
92$6,939,063$0$0$3,221,671
93$7,516,526$0$0$3,493,214
94$8,148,786$0$0$3,790,657
95$8,841,301$0$0$4,116,584
96$9,600,085$0$0$4,473,843
97$10,431,760$0$0$4,865,570
98$11,343,618$0$0$5,295,218
99$12,343,692$0$0$5,766,591
100$13,440,829$0$0$6,283,879