Can I retire at age 58 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$63,503$62,938$62,386$61,847$61,321$60,605
2 years$31,437$30,852$30,284$29,734$29,201$28,480
3 years$20,750$20,162$19,596$19,051$18,526$17,823
4 years$15,407$14,821$14,261$13,725$13,213$12,533
5 years$12,203$11,620$11,067$10,542$10,044$9,389
6 years$10,067$9,489$8,944$8,431$7,948$7,319
7 years$8,542$7,969$7,432$6,931$6,464$5,861
8 years$7,399$6,830$6,303$5,815$5,362$4,785
9 years$6,510$5,947$5,429$4,953$4,516$3,965
10 years$5,800$5,242$4,733$4,269$3,848$3,322
11 years$5,219$4,667$4,167$3,716$3,309$2,809
12 years$4,735$4,189$3,698$3,259$2,868$2,392
13 years$4,326$3,785$3,304$2,877$2,501$2,049
14 years$3,975$3,441$2,969$2,554$2,192$1,763
15 years$3,672$3,143$2,680$2,278$1,930$1,524
16 years$3,407$2,884$2,430$2,040$1,706$1,322
17 years$3,173$2,656$2,211$1,832$1,512$1,149
18 years$2,966$2,454$2,019$1,651$1,345$1,002
19 years$2,780$2,274$1,848$1,492$1,199$876
20 years$2,614$2,114$1,696$1,351$1,071$766
21 years$2,463$1,969$1,560$1,227$958$672
22 years$2,326$1,838$1,438$1,115$859$590
23 years$2,202$1,719$1,327$1,016$771$518
24 years$2,087$1,610$1,228$926$693$456
25 years$1,983$1,511$1,137$846$624$402
26 years$1,886$1,420$1,055$774$562$354
27 years$1,797$1,337$979$708$506$312
28 years$1,714$1,260$910$649$457$276
29 years$1,637$1,188$847$595$413$243
30 years$1,565$1,122$789$546$373$215
31 years$1,498$1,061$736$501$337$190
32 years$1,436$1,004$686$461$305$168
33 years$1,377$951$641$424$276$149
34 years$1,322$901$599$390$250$131
35 years$1,270$855$560$359$226$116
36 years$1,221$811$524$331$205$103
37 years$1,175$770$490$305$186$91
38 years$1,132$732$459$281$168$81
39 years$1,090$696$430$259$153$71
40 years$1,051$662$403$239$139$63
41 years$1,014$630$378$220$126$56
42 years$979$600$355$203$114$50
43 years$946$572$333$188$104$44
44 years$914$545$312$173$94$39
45 years$883$520$293$160$85$34
46 years$854$496$275$148$77$31
47 years$827$473$259$137$70$27
48 years$800$452$243$126$64$24
49 years$775$432$229$117$58$21
50 years$751$412$215$108$53$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $769,000, adding $3,398 every year, while hoping to spend $51,823 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: 33/48/19 Blend
57$769,000$769,000$769,000$769,000
58$850,943$810,186$798,267$873,928
59$882,600$794,746$769,869$875,816
60$915,749$776,812$738,784$872,847
61$950,488$756,208$704,865$868,559
62$986,922$732,747$667,962$862,866
63$1,025,166$706,229$627,917$855,680
64$1,065,344$676,446$584,564$846,907
65$1,107,593$643,175$537,730$836,451
66$1,152,058$606,182$487,236$824,212
67$1,198,902$565,219$432,891$810,087
68$1,248,297$520,022$374,500$793,968
69$1,300,434$470,314$311,857$775,744
70$1,355,521$415,802$244,747$755,302
71$1,413,784$356,176$172,946$732,523
72$1,475,470$291,108$96,219$707,286
73$1,540,848$220,253$14,323$679,468
74$1,610,214$143,244$0$648,942
75$1,683,889$59,696$0$630,392
76$1,762,226$0$0$612,936
77$1,845,610$0$0$609,855
78$1,934,465$0$0$640,237
79$2,029,252$0$0$672,714
80$2,130,477$0$0$707,471
81$2,238,696$0$0$744,706
82$2,354,516$0$0$784,639
83$2,478,606$0$0$827,510
84$2,611,697$0$0$873,583
85$2,754,592$0$0$923,148
86$2,908,172$0$0$976,523
87$3,073,404$0$0$1,034,058
88$3,251,351$0$0$1,096,137
89$3,443,179$0$0$1,163,180
90$3,650,169$0$0$1,235,652
91$3,873,730$0$0$1,314,061
92$4,115,408$0$0$1,398,968
93$4,376,904$0$0$1,490,987
94$4,660,086$0$0$1,590,797
95$4,967,011$0$0$1,699,141
96$5,299,937$0$0$1,816,837
97$5,661,349$0$0$1,944,786
98$6,053,982$0$0$2,083,979
99$6,480,841$0$0$2,235,506
100$6,945,234$0$0$2,400,566