Can I retire at age 58 with 763,000?

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 $763,000?

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$63,008$62,447$61,899$61,365$60,843$60,107
2 years$31,192$30,611$30,048$29,502$28,973$28,233
3 years$20,588$20,005$19,443$18,902$18,381$17,660
4 years$15,287$14,706$14,150$13,618$13,110$12,412
5 years$12,107$11,529$10,981$10,460$9,966$9,294
6 years$9,988$9,415$8,874$8,365$7,886$7,240
7 years$8,475$7,906$7,374$6,877$6,413$5,795
8 years$7,341$6,777$6,254$5,769$5,320$4,729
9 years$6,459$5,901$5,387$4,914$4,480$3,916
10 years$5,754$5,201$4,696$4,236$3,818$3,279
11 years$5,178$4,630$4,134$3,687$3,283$2,771
12 years$4,698$4,156$3,669$3,234$2,845$2,358
13 years$4,292$3,756$3,278$2,855$2,481$2,018
14 years$3,944$3,414$2,945$2,534$2,175$1,736
15 years$3,643$3,119$2,659$2,260$1,915$1,499
16 years$3,380$2,861$2,411$2,024$1,692$1,299
17 years$3,148$2,635$2,194$1,818$1,501$1,129
18 years$2,943$2,435$2,003$1,639$1,334$984
19 years$2,759$2,257$1,834$1,481$1,189$859
20 years$2,593$2,097$1,683$1,341$1,062$751
21 years$2,444$1,953$1,548$1,217$951$658
22 years$2,308$1,823$1,426$1,107$852$577
23 years$2,184$1,705$1,317$1,008$765$507
24 years$2,071$1,598$1,218$919$688$446
25 years$1,967$1,499$1,128$839$619$392
26 years$1,871$1,409$1,046$767$557$345
27 years$1,783$1,326$972$703$502$304
28 years$1,701$1,250$903$644$453$268
29 years$1,624$1,179$841$590$409$237
30 years$1,553$1,113$783$542$370$209
31 years$1,487$1,053$730$497$334$185
32 years$1,425$996$681$457$302$163
33 years$1,366$943$636$420$274$144
34 years$1,312$894$594$387$248$127
35 years$1,260$848$555$356$224$113
36 years$1,212$805$520$328$203$100
37 years$1,166$764$486$302$184$88
38 years$1,123$726$455$279$167$78
39 years$1,082$691$427$257$152$69
40 years$1,043$657$400$237$137$61
41 years$1,006$626$375$219$125$54
42 years$971$596$352$202$113$48
43 years$938$568$330$186$103$42
44 years$907$541$310$172$93$37
45 years$876$516$291$159$85$33
46 years$848$492$273$147$77$29
47 years$820$470$257$135$70$26
48 years$794$448$241$125$63$23
49 years$769$428$227$116$58$20
50 years$745$409$213$107$52$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $763,000, adding $6,706 every year, while hoping to spend $40,759 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: 37/44/19 Blend
57$763,000$763,000$763,000$763,000
58$847,743$807,304$795,478$874,028
59$890,846$803,495$778,759$889,863
60$936,979$798,133$760,114$902,627
61$986,408$791,099$739,435$915,567
62$1,039,426$782,267$716,611$928,721
63$1,096,352$771,503$691,522$942,136
64$1,157,538$758,665$664,046$955,865
65$1,223,370$743,602$634,055$969,970
66$1,294,272$726,156$601,413$984,526
67$1,370,708$706,158$565,981$999,615
68$1,453,190$683,430$527,611$1,015,336
69$1,542,279$657,782$486,150$1,031,800
70$1,638,592$629,014$441,437$1,049,135
71$1,742,808$596,915$393,304$1,067,487
72$1,855,672$561,261$341,577$1,087,023
73$1,978,003$521,816$286,073$1,107,931
74$2,110,703$478,329$226,601$1,130,427
75$2,254,764$430,536$162,961$1,154,753
76$2,411,275$378,157$94,945$1,181,184
77$2,581,436$320,898$22,336$1,210,031
78$2,766,566$258,445$0$1,241,643
79$2,968,116$190,470$0$1,287,593
80$3,187,684$116,623$0$1,342,703
81$3,427,029$36,538$0$1,402,987
82$3,688,083$0$0$1,469,054
83$3,972,978$0$0$1,565,874
84$4,284,056$0$0$1,691,010
85$4,623,898$0$0$1,827,821
86$4,995,343$0$0$1,977,462
87$5,401,521$0$0$2,141,207
88$5,845,873$0$0$2,320,460
89$6,332,191$0$0$2,516,762
90$6,864,650$0$0$2,731,815
91$7,447,846$0$0$2,967,492
92$8,086,843$0$0$3,225,854
93$8,787,217$0$0$3,509,172
94$9,555,107$0$0$3,819,950
95$10,397,277$0$0$4,160,940
96$11,321,176$0$0$4,535,180
97$12,335,010$0$0$4,946,012
98$13,447,815$0$0$5,397,118
99$14,669,547$0$0$5,892,555
100$16,011,173$0$0$6,436,792