Can I retire at age 58 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$64,577$64,002$63,440$62,893$62,358$61,451
2 years$31,969$31,373$30,796$30,237$29,694$28,783
3 years$21,101$20,503$19,927$19,373$18,839$17,951
4 years$15,668$15,072$14,502$13,957$13,436$12,579
5 years$12,409$11,816$11,254$10,720$10,214$9,389
6 years$10,237$9,649$9,095$8,573$8,082$7,291
7 years$8,686$8,103$7,558$7,049$6,573$5,816
8 years$7,524$6,946$6,410$5,913$5,453$4,730
9 years$6,620$6,048$5,521$5,036$4,592$3,902
10 years$5,898$5,331$4,813$4,341$3,913$3,256
11 years$5,307$4,746$4,237$3,778$3,365$2,741
12 years$4,815$4,259$3,761$3,314$2,916$2,324
13 years$4,399$3,849$3,360$2,926$2,543$1,981
14 years$4,043$3,499$3,019$2,597$2,229$1,697
15 years$3,734$3,196$2,726$2,316$1,963$1,460
16 years$3,465$2,933$2,471$2,074$1,735$1,260
17 years$3,227$2,701$2,249$1,863$1,538$1,090
18 years$3,016$2,496$2,053$1,679$1,368$946
19 years$2,827$2,313$1,879$1,517$1,219$822
20 years$2,658$2,149$1,725$1,374$1,089$716
21 years$2,505$2,002$1,586$1,247$974$624
22 years$2,366$1,869$1,462$1,134$873$545
23 years$2,239$1,748$1,350$1,033$784$477
24 years$2,123$1,638$1,248$942$705$417
25 years$2,016$1,537$1,156$860$634$365
26 years$1,918$1,444$1,072$787$571$320
27 years$1,827$1,359$996$720$515$281
28 years$1,743$1,281$926$660$465$246
29 years$1,665$1,208$861$605$420$216
30 years$1,592$1,141$802$555$379$190
31 years$1,524$1,079$748$510$343$167
32 years$1,460$1,021$698$469$310$147
33 years$1,400$967$652$431$281$129
34 years$1,344$916$609$396$254$113
35 years$1,292$869$569$365$230$100
36 years$1,242$825$533$336$208$88
37 years$1,195$783$498$310$189$77
38 years$1,151$744$467$285$171$68
39 years$1,109$708$437$263$155$60
40 years$1,069$674$410$243$141$53
41 years$1,031$641$384$224$128$46
42 years$996$611$361$207$116$41
43 years$962$582$338$191$105$36
44 years$929$555$318$176$96$32
45 years$898$529$298$163$87$28
46 years$869$504$280$150$79$25
47 years$841$481$263$139$72$22
48 years$814$460$247$128$65$19
49 years$788$439$232$119$59$17
50 years$764$419$219$110$54$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $782,000, adding $2,573 every year, while hoping to spend $22,689 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: 64/28/8 Blend
57$782,000$782,000$782,000$782,000
58$864,418$822,972$810,851$918,204
59$928,448$839,157$813,874$970,556
60$998,248$855,374$816,237$1,024,805
61$1,074,384$871,602$817,895$1,083,470
62$1,157,476$887,815$818,800$1,146,976
63$1,248,209$903,989$818,900$1,215,795
64$1,347,336$920,094$818,143$1,290,446
65$1,455,686$936,100$816,473$1,371,499
66$1,574,172$951,975$813,830$1,459,583
67$1,703,798$967,683$810,154$1,555,393
68$1,845,672$983,185$805,381$1,659,692
69$2,001,011$998,442$799,442$1,773,322
70$2,171,159$1,013,410$792,267$1,897,212
71$2,357,591$1,028,042$783,783$2,032,382
72$2,561,937$1,042,287$773,911$2,179,961
73$2,785,987$1,056,092$762,570$2,341,190
74$3,031,717$1,069,400$749,675$2,517,437
75$3,301,301$1,082,149$735,138$2,710,210
76$3,597,133$1,094,273$718,864$2,921,172
77$3,921,851$1,105,704$700,757$3,152,155
78$4,278,362$1,116,365$680,714$3,405,178
79$4,669,866$1,126,178$658,629$3,682,466
80$5,099,890$1,135,058$634,391$3,986,473
81$5,572,317$1,142,915$607,881$4,319,901
82$6,091,428$1,149,651$578,979$4,685,732
83$6,661,935$1,155,167$547,558$5,087,248
84$7,289,034$1,159,351$513,482$5,528,071
85$7,978,446$1,162,090$476,614$6,012,190
86$8,736,475$1,163,259$436,808$6,544,004
87$9,570,065$1,162,729$393,911$7,128,360
88$10,486,870$1,160,361$347,765$7,770,601
89$11,495,320$1,156,008$298,204$8,476,617
90$12,604,703$1,149,513$245,055$9,252,898
91$13,825,254$1,140,711$188,136$10,106,600
92$15,168,251$1,129,426$127,259$11,045,608
93$16,646,116$1,115,472$62,226$12,078,614
94$18,272,541$1,098,651$0$13,215,199
95$20,062,610$1,078,754$0$14,466,536
96$22,032,944$1,055,561$0$15,849,358
97$24,201,855$1,028,835$0$17,371,195
98$26,589,525$998,328$0$19,046,208
99$29,218,188$963,777$0$20,890,001
100$32,112,345$924,905$0$22,919,772