Can I retire at age 58 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$64,494$63,920$63,359$62,812$62,278$61,021
2 years$31,928$31,333$30,757$30,198$29,656$28,395
3 years$21,074$20,477$19,902$19,348$18,815$17,589
4 years$15,648$15,052$14,483$13,939$13,419$12,238
5 years$12,393$11,801$11,240$10,707$10,201$9,068
6 years$10,224$9,637$9,083$8,562$8,072$6,988
7 years$8,675$8,093$7,548$7,040$6,564$5,531
8 years$7,514$6,937$6,402$5,905$5,446$4,462
9 years$6,612$6,040$5,514$5,030$4,586$3,651
10 years$5,890$5,324$4,807$4,336$3,908$3,020
11 years$5,300$4,740$4,232$3,774$3,361$2,520
12 years$4,809$4,254$3,756$3,310$2,912$2,117
13 years$4,393$3,844$3,356$2,922$2,540$1,789
14 years$4,037$3,494$3,015$2,594$2,226$1,518
15 years$3,729$3,192$2,722$2,313$1,960$1,293
16 years$3,460$2,929$2,468$2,071$1,732$1,105
17 years$3,223$2,697$2,246$1,861$1,536$947
18 years$3,012$2,492$2,050$1,677$1,366$813
19 years$2,824$2,310$1,877$1,516$1,217$699
20 years$2,654$2,147$1,722$1,373$1,087$603
21 years$2,501$1,999$1,584$1,246$973$520
22 years$2,363$1,866$1,460$1,133$872$449
23 years$2,236$1,746$1,348$1,032$783$389
24 years$2,120$1,636$1,247$941$704$336
25 years$2,014$1,535$1,155$859$633$291
26 years$1,915$1,443$1,071$786$570$252
27 years$1,825$1,358$995$719$514$219
28 years$1,741$1,279$925$659$464$190
29 years$1,663$1,207$860$604$419$165
30 years$1,590$1,140$801$554$379$143
31 years$1,522$1,077$747$509$342$124
32 years$1,458$1,019$697$468$310$108
33 years$1,399$965$651$430$280$94
34 years$1,343$915$608$396$254$82
35 years$1,290$868$569$365$230$71
36 years$1,240$824$532$336$208$62
37 years$1,194$782$498$309$189$54
38 years$1,149$744$466$285$171$47
39 years$1,107$707$437$263$155$41
40 years$1,068$673$409$242$141$35
41 years$1,030$640$384$224$128$31
42 years$994$610$360$206$116$27
43 years$960$581$338$191$105$23
44 years$928$554$317$176$95$20
45 years$897$528$298$163$87$18
46 years$868$504$280$150$79$15
47 years$840$481$263$139$71$13
48 years$813$459$247$128$65$12
49 years$787$438$232$118$59$10
50 years$763$419$218$109$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $781,000, adding $6,110 every year, while hoping to spend $36,117 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: 77/9/14 Blend
57$781,000$781,000$781,000$781,000
58$866,964$825,571$813,466$930,744
59$916,967$827,596$802,289$975,667
60$970,859$828,510$789,527$1,019,742
61$1,028,999$828,219$775,089$1,067,070
62$1,091,781$826,627$758,879$1,117,960
63$1,159,639$823,628$740,798$1,172,758
64$1,233,048$819,111$720,740$1,231,840
65$1,312,532$812,960$698,597$1,295,624
66$1,398,664$805,050$674,254$1,364,569
67$1,492,078$795,247$647,592$1,439,184
68$1,593,469$783,413$618,485$1,520,025
69$1,703,601$769,399$586,803$1,607,710
70$1,823,317$753,048$552,409$1,702,918
71$1,953,540$734,192$515,160$1,806,397
72$2,095,291$712,657$474,907$1,918,974
73$2,249,688$688,255$431,494$2,041,560
74$2,417,965$660,788$384,758$2,175,158
75$2,601,479$630,048$334,529$2,320,876
76$2,801,722$595,813$280,629$2,479,934
77$3,020,340$557,850$222,872$2,653,679
78$3,259,142$515,912$161,065$2,843,595
79$3,520,119$469,736$95,005$3,051,318
80$3,805,465$419,047$24,482$3,278,653
81$4,117,594$363,552$0$3,527,590
82$4,459,166$302,944$0$3,807,908
83$4,833,108$236,895$0$4,118,836
84$5,242,644$165,061$0$4,459,416
85$5,691,324$87,080$0$4,832,627
86$6,183,058$2,566$0$5,241,749
87$6,722,152$0$0$5,690,399
88$7,313,350$0$0$6,191,362
89$7,961,874$0$0$6,741,210
90$8,673,478$0$0$7,344,570
91$9,454,499$0$0$8,006,819
92$10,311,920$0$0$8,733,879
93$11,253,428$0$0$9,532,277
94$12,287,496$0$0$10,409,198
95$13,423,455$0$0$11,372,562
96$14,671,584$0$0$12,431,090
97$16,043,209$0$0$13,594,391
98$17,550,806$0$0$14,873,051
99$19,208,120$0$0$16,278,734
100$21,030,296$0$0$17,824,289