Can I retire at age 58 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$64,825$64,247$63,684$63,134$62,597$61,283
2 years$32,091$31,494$30,914$30,353$29,808$28,490
3 years$21,182$20,581$20,004$19,447$18,911$17,631
4 years$15,728$15,130$14,558$14,011$13,488$12,255
5 years$12,457$11,862$11,297$10,762$10,253$9,071
6 years$10,276$9,686$9,130$8,606$8,113$6,983
7 years$8,720$8,134$7,587$7,076$6,598$5,520
8 years$7,553$6,973$6,434$5,936$5,474$4,448
9 years$6,646$6,071$5,542$5,056$4,610$3,635
10 years$5,920$5,351$4,832$4,358$3,928$3,004
11 years$5,327$4,764$4,254$3,793$3,378$2,503
12 years$4,833$4,276$3,775$3,327$2,927$2,100
13 years$4,416$3,864$3,373$2,937$2,553$1,772
14 years$4,058$3,512$3,030$2,607$2,238$1,502
15 years$3,749$3,209$2,736$2,325$1,970$1,277
16 years$3,478$2,944$2,481$2,082$1,741$1,090
17 years$3,239$2,711$2,257$1,871$1,544$933
18 years$3,027$2,505$2,061$1,686$1,373$800
19 years$2,838$2,322$1,886$1,523$1,224$687
20 years$2,668$2,158$1,731$1,380$1,093$591
21 years$2,514$2,010$1,592$1,252$978$509
22 years$2,375$1,876$1,468$1,138$877$439
23 years$2,247$1,755$1,355$1,037$787$379
24 years$2,131$1,644$1,253$946$707$328
25 years$2,024$1,543$1,161$864$636$283
26 years$1,925$1,450$1,077$790$573$245
27 years$1,834$1,365$1,000$723$517$212
28 years$1,750$1,286$929$662$466$184
29 years$1,671$1,213$865$607$421$159
30 years$1,598$1,146$806$557$381$138
31 years$1,530$1,083$751$512$344$120
32 years$1,466$1,025$701$470$311$104
33 years$1,406$970$654$433$282$90
34 years$1,350$920$611$398$255$78
35 years$1,297$872$571$366$231$68
36 years$1,247$828$535$337$209$59
37 years$1,200$786$500$311$190$51
38 years$1,155$747$469$287$172$44
39 years$1,113$711$439$264$156$39
40 years$1,073$676$411$244$141$33
41 years$1,035$644$386$225$128$29
42 years$999$613$362$208$116$25
43 years$965$584$340$192$106$22
44 years$933$557$319$177$96$19
45 years$902$531$299$163$87$17
46 years$872$506$281$151$79$14
47 years$844$483$264$139$72$12
48 years$817$461$248$129$65$11
49 years$791$441$233$119$59$9
50 years$766$421$219$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $785,000, adding $2,876 every year, while hoping to spend $32,074 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: 44/37/19 Blend
57$785,000$785,000$785,000$785,000
58$868,037$826,432$814,264$901,344
59$922,450$832,800$807,415$931,428
60$981,338$838,406$799,262$960,631
61$1,045,124$843,178$789,727$991,616
62$1,114,273$847,039$778,729$1,024,564
63$1,189,295$849,910$766,183$1,059,673
64$1,270,752$851,705$751,999$1,097,165
65$1,359,263$852,332$736,085$1,137,288
66$1,455,507$851,696$718,343$1,180,314
67$1,560,232$849,692$698,670$1,226,545
68$1,674,261$846,213$676,961$1,276,317
69$1,798,500$841,142$653,104$1,330,004
70$1,933,946$834,356$626,982$1,388,018
71$2,081,695$825,726$598,472$1,450,815
72$2,242,955$815,114$567,448$1,518,904
73$2,419,054$802,373$533,776$1,592,846
74$2,611,456$787,348$497,316$1,673,262
75$2,821,772$769,874$457,923$1,760,841
76$3,051,774$749,780$415,445$1,856,346
77$3,303,415$726,879$369,722$1,960,621
78$3,578,844$700,977$320,589$2,074,601
79$3,880,430$671,869$267,873$2,199,318
80$4,210,779$639,335$211,391$2,335,918
81$4,572,761$603,145$150,955$2,485,665
82$4,969,538$563,055$86,368$2,649,959
83$5,404,593$518,807$17,424$2,830,349
84$5,881,761$470,128$0$3,028,545
85$6,405,266$416,729$0$3,257,824
86$6,979,760$358,306$0$3,513,403
87$7,610,370$294,537$0$3,794,107
88$8,302,740$225,081$0$4,102,540
89$9,063,089$149,580$0$4,441,579
90$9,898,268$67,653$0$4,814,396
91$10,815,823$0$0$5,224,496
92$11,824,070$0$0$5,684,335
93$12,932,166$0$0$6,220,088
94$14,150,201$0$0$6,809,099
95$15,489,294$0$0$7,456,759
96$16,961,691$0$0$8,169,004
97$18,580,886$0$0$8,952,374
98$20,361,745$0$0$9,814,078
99$22,320,649$0$0$10,762,055
100$24,475,644$0$0$11,805,055