Can I retire at age 58 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$62,182$61,628$61,088$60,560$60,045$59,792
2 years$30,783$30,210$29,654$29,116$28,593$28,338
3 years$20,318$19,742$19,188$18,655$18,141$17,891
4 years$15,087$14,513$13,964$13,440$12,938$12,695
5 years$11,949$11,378$10,837$10,323$9,835$9,601
6 years$9,857$9,291$8,758$8,255$7,782$7,556
7 years$8,364$7,803$7,278$6,787$6,329$6,112
8 years$7,245$6,688$6,172$5,694$5,251$5,042
9 years$6,375$5,823$5,316$4,850$4,422$4,221
10 years$5,679$5,133$4,635$4,180$3,768$3,576
11 years$5,110$4,570$4,080$3,638$3,240$3,057
12 years$4,636$4,101$3,621$3,191$2,808$2,632
13 years$4,236$3,707$3,235$2,817$2,449$2,281
14 years$3,893$3,369$2,907$2,501$2,146$1,987
15 years$3,596$3,078$2,624$2,230$1,890$1,738
16 years$3,336$2,824$2,379$1,997$1,670$1,526
17 years$3,107$2,601$2,165$1,794$1,481$1,344
18 years$2,904$2,403$1,977$1,617$1,317$1,186
19 years$2,722$2,227$1,809$1,461$1,174$1,050
20 years$2,559$2,070$1,661$1,323$1,048$931
21 years$2,412$1,928$1,527$1,201$938$827
22 years$2,278$1,799$1,408$1,092$841$736
23 years$2,156$1,683$1,300$995$755$656
24 years$2,044$1,577$1,202$907$678$585
25 years$1,941$1,480$1,113$828$611$523
26 years$1,847$1,391$1,033$757$550$467
27 years$1,759$1,309$959$693$496$418
28 years$1,678$1,233$891$635$447$374
29 years$1,603$1,164$830$583$404$335
30 years$1,533$1,099$773$535$365$300
31 years$1,467$1,039$720$491$330$269
32 years$1,406$983$672$451$299$242
33 years$1,349$931$628$415$270$217
34 years$1,295$882$586$382$245$195
35 years$1,244$837$548$351$222$175
36 years$1,196$794$513$324$201$157
37 years$1,151$754$480$298$182$141
38 years$1,108$717$449$275$165$127
39 years$1,068$682$421$253$150$114
40 years$1,029$649$395$234$136$103
41 years$993$617$370$216$123$92
42 years$959$588$347$199$112$83
43 years$926$560$326$184$101$75
44 years$895$534$306$170$92$67
45 years$865$509$287$157$84$61
46 years$837$486$270$145$76$55
47 years$809$464$253$134$69$49
48 years$784$443$238$124$63$44
49 years$759$423$224$114$57$40
50 years$735$404$210$106$52$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $753,000, adding $3,558 every year, while hoping to spend $43,081 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: 48/40/12 Blend
57$753,000$753,000$753,000$753,000
58$833,476$793,567$781,896$870,561
59$872,653$786,614$762,251$889,523
60$914,382$777,876$740,505$905,337
61$958,877$767,221$716,541$921,539
62$1,006,376$754,508$690,237$938,178
63$1,057,134$739,586$661,468$955,314
64$1,111,435$722,299$630,101$973,011
65$1,169,588$702,479$595,996$991,349
66$1,231,934$679,949$559,010$1,010,413
67$1,298,846$654,520$518,991$1,030,303
68$1,370,731$625,995$475,781$1,051,134
69$1,448,041$594,164$429,214$1,073,035
70$1,531,267$558,804$379,119$1,096,151
71$1,620,951$519,680$325,314$1,120,648
72$1,717,688$476,544$267,612$1,146,714
73$1,822,131$429,134$205,816$1,174,560
74$1,934,998$377,172$139,721$1,204,424
75$2,057,079$320,364$69,113$1,236,573
76$2,189,241$258,401$0$1,271,309
77$2,332,436$190,956$0$1,309,770
78$2,487,714$117,682$0$1,361,030
79$2,656,228$38,216$0$1,416,689
80$2,839,245$0$0$1,477,255
81$3,038,161$0$0$1,564,348
82$3,254,509$0$0$1,677,442
83$3,489,978$0$0$1,800,608
84$3,746,425$0$0$1,934,826
85$4,025,895$0$0$2,081,178
86$4,330,637$0$0$2,240,851
87$4,663,127$0$0$2,415,154
88$5,026,090$0$0$2,605,526
89$5,422,526$0$0$2,813,552
90$5,855,737$0$0$3,040,979
91$6,329,359$0$0$3,289,727
92$6,847,395$0$0$3,561,913
93$7,414,253$0$0$3,859,866
94$8,034,786$0$0$4,186,150
95$8,714,338$0$0$4,543,592
96$9,458,794$0$0$4,935,302
97$10,274,636$0$0$5,364,708
98$11,169,002$0$0$5,835,581
99$12,149,753$0$0$6,352,079
100$13,225,548$0$0$6,918,781