Can I retire at age 58 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$62,512$61,956$61,412$60,882$60,364$59,438
2 years$30,947$30,370$29,812$29,270$28,745$27,814
3 years$20,426$19,847$19,290$18,754$18,237$17,330
4 years$15,167$14,590$14,038$13,511$13,007$12,131
5 years$12,012$11,439$10,894$10,378$9,888$9,046
6 years$9,910$9,341$8,804$8,299$7,824$7,017
7 years$8,409$7,844$7,316$6,823$6,363$5,591
8 years$7,283$6,724$6,205$5,724$5,278$4,541
9 years$6,408$5,854$5,344$4,875$4,445$3,743
10 years$5,709$5,160$4,659$4,203$3,788$3,119
11 years$5,137$4,594$4,102$3,658$3,257$2,622
12 years$4,661$4,123$3,640$3,208$2,823$2,220
13 years$4,258$3,726$3,252$2,832$2,462$1,890
14 years$3,913$3,387$2,922$2,514$2,158$1,617
15 years$3,615$3,094$2,638$2,242$1,900$1,389
16 years$3,354$2,839$2,392$2,008$1,679$1,197
17 years$3,124$2,614$2,177$1,804$1,489$1,035
18 years$2,919$2,416$1,987$1,626$1,324$896
19 years$2,737$2,239$1,819$1,469$1,180$778
20 years$2,573$2,081$1,669$1,330$1,054$676
21 years$2,425$1,938$1,536$1,207$943$589
22 years$2,290$1,809$1,415$1,098$845$514
23 years$2,167$1,692$1,307$1,000$759$448
24 years$2,055$1,585$1,209$912$682$392
25 years$1,952$1,488$1,119$833$614$343
26 years$1,857$1,398$1,038$761$553$300
27 years$1,769$1,316$964$697$498$262
28 years$1,687$1,240$896$639$450$230
29 years$1,611$1,170$834$586$406$202
30 years$1,541$1,105$777$537$367$177
31 years$1,475$1,044$724$494$332$155
32 years$1,413$988$676$454$300$136
33 years$1,356$936$631$417$272$119
34 years$1,301$887$589$384$246$105
35 years$1,250$841$551$353$223$92
36 years$1,202$798$516$325$202$81
37 years$1,157$758$483$300$183$71
38 years$1,114$721$452$276$166$62
39 years$1,073$685$423$255$150$55
40 years$1,035$652$397$235$136$48
41 years$998$621$372$217$124$42
42 years$964$591$349$200$112$37
43 years$931$563$328$185$102$33
44 years$899$537$307$171$92$29
45 years$870$512$289$158$84$25
46 years$841$488$271$146$76$22
47 years$814$466$255$134$69$20
48 years$788$445$239$124$63$17
49 years$763$425$225$115$57$15
50 years$739$406$212$106$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $757,000, adding $4,855 every year, while hoping to spend $58,837 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: 28/44/28 Blend
57$757,000$757,000$757,000$757,000
58$839,222$799,101$787,367$855,334
59$862,220$775,655$751,142$845,148
60$885,593$749,088$711,731$828,810
61$909,315$719,185$668,966$810,074
62$933,359$685,719$622,670$788,774
63$957,691$648,448$572,659$764,736
64$982,273$607,119$518,740$737,775
65$1,007,059$561,462$460,712$707,694
66$1,031,998$511,193$398,365$674,286
67$1,057,030$456,010$331,479$637,331
68$1,082,089$395,596$259,825$596,593
69$1,107,097$329,615$183,164$551,826
70$1,131,966$257,712$101,246$502,767
71$1,156,599$179,512$13,810$449,136
72$1,180,883$94,619$0$390,638
73$1,204,693$2,615$0$350,711
74$1,227,887$0$0$311,217
75$1,250,307$0$0$314,698
76$1,271,774$0$0$319,082
77$1,292,091$0$0$323,041
78$1,311,033$0$0$326,503
79$1,328,353$0$0$329,389
80$1,343,773$0$0$331,612
81$1,356,983$0$0$333,073
82$1,367,640$0$0$333,663
83$1,375,359$0$0$333,262
84$1,379,714$0$0$331,736
85$1,380,231$0$0$328,935
86$1,376,385$0$0$324,694
87$1,367,590$0$0$318,831
88$1,353,199$0$0$311,141
89$1,332,493$0$0$301,400
90$1,304,675$0$0$289,359
91$1,268,862$0$0$274,742
92$1,224,075$0$0$257,245
93$1,169,233$0$0$236,528
94$1,103,136$0$0$212,220
95$1,024,459$0$0$183,906
96$931,734$0$0$151,130
97$823,339$0$0$113,388
98$697,479$0$0$70,122
99$552,172$0$0$20,716
100$385,225$0$0$0