Can I retire at age 58 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$62,595$62,037$61,493$60,962$60,444$59,763
2 years$30,988$30,410$29,851$29,309$28,783$28,097
3 years$20,453$19,874$19,316$18,778$18,261$17,592
4 years$15,187$14,609$14,057$13,529$13,024$12,377
5 years$12,028$11,454$10,909$10,391$9,901$9,277
6 years$9,923$9,353$8,816$8,310$7,834$7,235
7 years$8,420$7,855$7,326$6,832$6,371$5,797
8 years$7,293$6,733$6,213$5,731$5,285$4,736
9 years$6,417$5,862$5,351$4,882$4,451$3,926
10 years$5,717$5,167$4,665$4,208$3,793$3,292
11 years$5,144$4,600$4,107$3,662$3,262$2,785
12 years$4,667$4,129$3,645$3,212$2,827$2,373
13 years$4,264$3,731$3,257$2,836$2,465$2,034
14 years$3,919$3,392$2,926$2,518$2,161$1,752
15 years$3,620$3,098$2,642$2,245$1,902$1,515
16 years$3,358$2,843$2,395$2,010$1,681$1,315
17 years$3,128$2,618$2,180$1,806$1,491$1,144
18 years$2,923$2,419$1,990$1,628$1,326$998
19 years$2,741$2,242$1,821$1,471$1,181$873
20 years$2,576$2,083$1,672$1,332$1,055$765
21 years$2,428$1,941$1,538$1,209$944$671
22 years$2,293$1,811$1,417$1,099$847$589
23 years$2,170$1,694$1,308$1,001$760$518
24 years$2,058$1,587$1,210$913$683$456
25 years$1,954$1,490$1,121$834$615$402
26 years$1,859$1,400$1,040$762$554$355
27 years$1,771$1,318$965$698$499$313
28 years$1,689$1,242$897$639$450$277
29 years$1,614$1,171$835$586$407$244
30 years$1,543$1,106$778$538$367$216
31 years$1,477$1,046$725$494$332$191
32 years$1,415$989$677$454$301$169
33 years$1,357$937$632$418$272$150
34 years$1,303$888$590$384$246$133
35 years$1,252$842$552$354$223$117
36 years$1,204$799$516$326$202$104
37 years$1,158$759$483$300$183$92
38 years$1,115$722$452$277$166$82
39 years$1,075$686$424$255$151$72
40 years$1,036$653$397$235$137$64
41 years$1,000$621$373$217$124$57
42 years$965$592$349$200$112$50
43 years$932$564$328$185$102$45
44 years$901$538$308$171$93$40
45 years$871$513$289$158$84$35
46 years$842$489$271$146$76$31
47 years$815$467$255$135$69$28
48 years$789$445$240$124$63$25
49 years$764$425$225$115$57$22
50 years$740$406$212$106$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $758,000, adding $4,029 every year, while hoping to spend $42,022 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: 61/16/23 Blend
57$758,000$758,000$758,000$758,000
58$839,472$799,298$787,549$885,345
59$880,387$793,752$769,221$911,362
60$924,067$786,527$748,870$934,784
61$970,750$777,494$726,385$959,417
62$1,020,695$766,521$701,648$985,386
63$1,074,190$753,464$674,537$1,012,830
64$1,131,546$738,173$644,923$1,041,904
65$1,193,108$720,488$612,672$1,072,781
66$1,259,253$700,239$577,645$1,105,652
67$1,330,395$677,249$539,694$1,140,732
68$1,406,989$651,328$498,667$1,178,257
69$1,489,533$622,274$454,403$1,218,491
70$1,578,576$589,876$406,737$1,261,729
71$1,674,720$553,910$355,492$1,308,295
72$1,778,628$514,137$300,487$1,358,553
73$1,891,026$470,309$241,532$1,412,903
74$2,012,715$422,158$178,428$1,471,792
75$2,144,574$369,405$110,967$1,535,715
76$2,287,569$311,755$38,932$1,605,220
77$2,442,763$248,893$0$1,680,915
78$2,611,326$180,489$0$1,772,788
79$2,794,543$106,195$0$1,883,074
80$2,993,829$25,642$0$2,003,100
81$3,210,741$0$0$2,133,844
82$3,446,992$0$0$2,287,229
83$3,704,467$0$0$2,459,366
84$3,985,239$0$0$2,647,135
85$4,291,591$0$0$2,852,069
86$4,626,037$0$0$3,075,856
87$4,991,343$0$0$3,320,356
88$5,390,554$0$0$3,587,613
89$5,827,022$0$0$3,879,881
90$6,304,439$0$0$4,199,639
91$6,826,868$0$0$4,549,619
92$7,398,786$0$0$4,932,829
93$8,025,120$0$0$5,352,578
94$8,711,297$0$0$5,812,515
95$9,463,295$0$0$6,316,656
96$10,287,694$0$0$6,869,424
97$11,191,746$0$0$7,475,691
98$12,183,434$0$0$8,140,823
99$13,271,553$0$0$8,870,731
100$14,465,791$0$0$9,671,926