Can I retire at age 58 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$63,256$62,692$62,142$61,606$61,082$60,494
2 years$31,315$30,731$30,166$29,618$29,087$28,495
3 years$20,669$20,083$19,520$18,977$18,454$17,876
4 years$15,347$14,763$14,205$13,672$13,161$12,602
5 years$12,155$11,575$11,024$10,501$10,005$9,466
6 years$10,028$9,452$8,909$8,398$7,917$7,398
7 years$8,509$7,937$7,403$6,904$6,438$5,941
8 years$7,370$6,804$6,279$5,792$5,341$4,865
9 years$6,485$5,924$5,408$4,933$4,498$4,042
10 years$5,777$5,222$4,715$4,253$3,833$3,398
11 years$5,198$4,649$4,151$3,701$3,296$2,881
12 years$4,716$4,172$3,684$3,246$2,856$2,461
13 years$4,309$3,771$3,291$2,866$2,491$2,115
14 years$3,960$3,427$2,957$2,544$2,183$1,827
15 years$3,658$3,131$2,670$2,269$1,922$1,584
16 years$3,394$2,873$2,421$2,032$1,699$1,378
17 years$3,161$2,646$2,203$1,825$1,507$1,203
18 years$2,954$2,445$2,011$1,645$1,340$1,053
19 years$2,769$2,266$1,841$1,486$1,194$923
20 years$2,603$2,105$1,689$1,346$1,066$811
21 years$2,453$1,961$1,554$1,222$954$714
22 years$2,317$1,831$1,432$1,111$855$629
23 years$2,193$1,712$1,322$1,012$768$555
24 years$2,079$1,604$1,223$923$690$490
25 years$1,975$1,505$1,133$843$621$433
26 years$1,879$1,415$1,050$771$559$383
27 years$1,790$1,331$975$705$504$339
28 years$1,707$1,255$907$646$455$301
29 years$1,631$1,184$844$593$411$267
30 years$1,559$1,118$786$544$371$236
31 years$1,493$1,057$733$499$336$210
32 years$1,430$1,000$684$459$304$186
33 years$1,372$947$638$422$275$165
34 years$1,317$897$596$388$249$147
35 years$1,265$851$558$358$225$131
36 years$1,217$808$522$329$204$116
37 years$1,171$767$488$303$185$103
38 years$1,127$729$457$280$168$92
39 years$1,086$693$428$258$152$82
40 years$1,047$660$402$238$138$73
41 years$1,010$628$377$219$125$65
42 years$975$598$353$202$114$57
43 years$942$570$331$187$103$51
44 years$910$543$311$173$94$45
45 years$880$518$292$159$85$40
46 years$851$494$274$147$77$36
47 years$823$472$258$136$70$32
48 years$797$450$242$126$64$29
49 years$772$430$228$116$58$25
50 years$748$411$214$107$52$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $766,000, adding $6,857 every year, while hoping to spend $36,396 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: 78/11/11 Blend
57$766,000$766,000$766,000$766,000
58$851,205$810,607$798,734$915,375
59$899,303$811,602$786,767$959,531
60$951,087$811,425$773,178$1,002,586
61$1,006,895$809,982$757,877$1,048,761
62$1,067,097$807,170$740,764$1,098,354
63$1,132,101$802,881$721,740$1,151,690
64$1,202,354$797,002$700,698$1,209,129
65$1,278,349$789,410$677,526$1,271,067
66$1,360,626$779,976$652,108$1,337,941
67$1,449,780$768,565$624,324$1,410,233
68$1,546,464$755,031$594,045$1,488,473
69$1,651,397$739,221$561,139$1,573,247
70$1,765,370$720,974$525,468$1,665,200
71$1,889,252$700,116$486,886$1,765,044
72$2,024,001$676,467$445,241$1,873,562
73$2,170,668$649,833$400,376$1,991,619
74$2,330,412$620,011$352,125$2,120,169
75$2,504,508$586,785$300,315$2,260,263
76$2,694,358$549,927$244,766$2,413,060
77$2,901,506$509,197$185,289$2,579,838
78$3,127,651$464,340$121,687$2,762,006
79$3,374,665$415,085$53,757$2,961,117
80$3,644,605$361,148$0$3,178,885
81$3,939,739$302,230$0$3,419,397
82$4,262,564$238,010$0$3,689,414
83$4,615,827$168,155$0$3,984,942
84$5,002,556$92,308$0$4,308,542
85$5,426,082$10,097$0$4,663,036
86$5,890,076$0$0$5,051,531
87$6,398,579$0$0$5,487,002
88$6,956,042$0$0$5,965,767
89$7,567,368$0$0$6,490,817
90$8,237,956$0$0$7,066,793
91$8,973,753$0$0$7,698,807
92$9,781,311$0$0$8,392,490
93$10,667,846$0$0$9,154,042
94$11,641,305$0$0$9,990,297
95$12,710,446$0$0$10,908,780
96$13,884,913$0$0$11,917,782
97$15,175,333$0$0$13,026,436
98$16,593,411$0$0$14,244,803
99$18,152,045$0$0$15,583,968
100$19,865,442$0$0$17,056,143