Can I retire at age 58 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$64,164$63,592$63,035$62,491$61,959$60,437
2 years$31,764$31,173$30,599$30,044$29,504$27,980
3 years$20,966$20,372$19,800$19,249$18,719$17,240
4 years$15,568$14,975$14,409$13,868$13,350$11,929
5 years$12,330$11,741$11,182$10,652$10,149$8,788
6 years$10,172$9,587$9,037$8,518$8,030$6,732
7 years$8,631$8,051$7,510$7,003$6,531$5,295
8 years$7,476$6,902$6,369$5,875$5,418$4,244
9 years$6,578$6,009$5,485$5,004$4,563$3,450
10 years$5,860$5,297$4,782$4,314$3,888$2,835
11 years$5,273$4,715$4,210$3,754$3,344$2,349
12 years$4,784$4,232$3,737$3,293$2,897$1,959
13 years$4,371$3,825$3,338$2,907$2,527$1,643
14 years$4,017$3,477$3,000$2,581$2,215$1,384
15 years$3,710$3,176$2,708$2,301$1,950$1,170
16 years$3,442$2,914$2,455$2,061$1,723$992
17 years$3,206$2,684$2,234$1,852$1,528$843
18 years$2,997$2,480$2,040$1,669$1,359$718
19 years$2,809$2,298$1,867$1,508$1,211$613
20 years$2,641$2,136$1,714$1,366$1,082$524
21 years$2,489$1,989$1,576$1,239$968$448
22 years$2,350$1,857$1,453$1,127$868$384
23 years$2,224$1,737$1,341$1,026$779$329
24 years$2,109$1,627$1,240$936$700$282
25 years$2,003$1,527$1,149$855$630$243
26 years$1,906$1,435$1,066$782$567$208
27 years$1,815$1,351$989$715$512$179
28 years$1,732$1,273$920$655$462$154
29 years$1,654$1,201$856$601$417$132
30 years$1,582$1,134$797$552$377$114
31 years$1,514$1,072$743$507$341$98
32 years$1,451$1,014$694$466$308$84
33 years$1,391$960$648$428$279$73
34 years$1,336$910$605$394$252$63
35 years$1,283$863$566$363$229$54
36 years$1,234$820$529$334$207$46
37 years$1,187$778$495$308$188$40
38 years$1,143$740$464$284$170$34
39 years$1,102$703$435$262$154$30
40 years$1,062$669$407$241$140$26
41 years$1,025$637$382$223$127$22
42 years$989$607$358$205$115$19
43 years$955$578$336$190$105$16
44 years$923$551$316$175$95$14
45 years$892$525$296$162$86$12
46 years$863$501$278$149$78$10
47 years$835$478$261$138$71$9
48 years$809$457$246$127$65$8
49 years$783$436$231$118$59$7
50 years$759$417$217$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $777,000, adding $2,274 every year, while hoping to spend $29,096 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: 41/37/22 Blend
57$777,000$777,000$777,000$777,000
58$858,600$817,419$805,375$888,157
59$915,219$826,514$801,397$918,607
60$976,638$835,080$796,311$948,591
61$1,043,316$843,060$790,048$980,459
62$1,115,758$850,394$782,538$1,014,398
63$1,194,518$857,016$773,707$1,050,618
64$1,280,208$862,859$763,475$1,089,350
65$1,373,500$867,850$751,762$1,130,852
66$1,475,133$871,910$738,482$1,175,407
67$1,585,921$874,958$723,545$1,223,332
68$1,706,759$876,905$706,858$1,274,975
69$1,838,634$877,659$688,323$1,330,723
70$1,982,630$877,120$667,838$1,391,006
71$2,139,942$875,182$645,294$1,456,297
72$2,311,885$871,735$620,580$1,527,123
73$2,499,907$866,660$593,579$1,604,064
74$2,705,602$859,830$564,169$1,687,765
75$2,930,724$851,113$532,219$1,778,936
76$3,177,208$840,368$497,598$1,878,368
77$3,447,181$827,443$460,165$1,986,931
78$3,742,986$812,181$419,774$2,105,589
79$4,067,206$794,413$376,272$2,235,409
80$4,422,683$773,961$329,499$2,377,570
81$4,812,548$750,637$279,289$2,533,375
82$5,240,250$724,241$225,467$2,704,267
83$5,709,588$694,561$167,853$2,891,838
84$6,224,746$661,373$106,255$3,097,848
85$6,790,331$624,443$40,476$3,324,243
86$7,411,423$583,518$0$3,573,174
87$8,093,613$538,335$0$3,853,993
88$8,843,062$488,615$0$4,172,939
89$9,666,559$434,060$0$4,523,453
90$10,571,579$374,361$0$4,908,792
91$11,566,360$309,185$0$5,332,550
92$12,659,979$238,185$0$5,798,690
93$13,862,433$160,992$0$6,311,587
94$15,184,738$77,217$0$6,876,068
95$16,639,031$0$0$7,497,455
96$18,238,683$0$0$8,187,138
97$19,998,427$0$0$8,980,542
98$21,934,497$0$0$9,853,560
99$24,064,777$0$0$10,814,271
100$26,408,974$0$0$11,871,578