Can I retire at age 58 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$64,907$64,329$63,765$63,214$62,677$60,719
2 years$32,132$31,534$30,954$30,392$29,846$27,891
3 years$21,209$20,608$20,029$19,472$18,936$17,045
4 years$15,748$15,149$14,576$14,029$13,505$11,693
5 years$12,472$11,877$11,312$10,775$10,266$8,538
6 years$10,289$9,698$9,142$8,617$8,123$6,480
7 years$8,731$8,145$7,597$7,085$6,606$5,048
8 years$7,562$6,981$6,443$5,943$5,481$4,006
9 years$6,654$6,079$5,549$5,062$4,616$3,223
10 years$5,928$5,358$4,838$4,364$3,933$2,620
11 years$5,334$4,770$4,259$3,798$3,382$2,147
12 years$4,839$4,281$3,780$3,331$2,931$1,771
13 years$4,421$3,869$3,377$2,941$2,556$1,468
14 years$4,063$3,517$3,034$2,611$2,240$1,222
15 years$3,753$3,213$2,740$2,328$1,973$1,021
16 years$3,482$2,948$2,484$2,085$1,743$855
17 years$3,243$2,715$2,260$1,873$1,546$718
18 years$3,031$2,508$2,063$1,688$1,375$604
19 years$2,842$2,325$1,889$1,525$1,225$509
20 years$2,671$2,160$1,733$1,381$1,094$429
21 years$2,517$2,012$1,594$1,254$979$363
22 years$2,378$1,878$1,469$1,140$878$306
23 years$2,250$1,757$1,357$1,038$788$259
24 years$2,134$1,646$1,255$947$708$220
25 years$2,026$1,545$1,162$865$637$186
26 years$1,928$1,452$1,078$791$574$158
27 years$1,836$1,366$1,001$724$518$134
28 years$1,752$1,287$930$663$467$113
29 years$1,673$1,215$866$608$422$96
30 years$1,600$1,147$807$558$381$82
31 years$1,532$1,084$752$512$344$69
32 years$1,468$1,026$702$471$312$59
33 years$1,408$972$655$433$282$50
34 years$1,351$921$612$399$255$42
35 years$1,298$873$572$367$231$36
36 years$1,248$829$535$338$210$31
37 years$1,201$787$501$311$190$26
38 years$1,157$748$469$287$172$22
39 years$1,115$712$440$265$156$19
40 years$1,075$677$412$244$142$16
41 years$1,037$644$386$225$128$13
42 years$1,001$614$362$208$117$11
43 years$966$585$340$192$106$10
44 years$934$557$319$177$96$8
45 years$903$532$300$164$87$7
46 years$873$507$282$151$79$6
47 years$845$484$264$140$72$5
48 years$818$462$249$129$65$4
49 years$792$441$234$119$59$4
50 years$767$421$220$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $786,000, adding $2,870 every year, while hoping to spend $28,653 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: 53/35/12 Blend
57$786,000$786,000$786,000$786,000
58$869,132$827,474$815,291$912,322
59$927,297$837,534$812,117$952,110
60$990,435$847,126$807,876$992,054
61$1,059,022$856,198$802,502$1,034,852
62$1,133,583$864,693$795,927$1,080,780
63$1,214,695$872,549$788,077$1,130,145
64$1,302,993$879,704$778,878$1,183,284
65$1,399,177$886,087$768,248$1,240,571
66$1,504,014$891,627$756,106$1,302,417
67$1,618,352$896,245$742,364$1,369,278
68$1,743,121$899,859$726,931$1,441,657
69$1,879,348$902,380$709,711$1,520,106
70$2,028,160$903,715$690,605$1,605,241
71$2,190,800$903,765$669,507$1,697,736
72$2,368,636$902,424$646,310$1,798,338
73$2,563,174$899,580$620,899$1,907,872
74$2,776,072$895,114$593,154$2,027,249
75$3,009,157$888,900$562,950$2,157,472
76$3,264,440$880,804$530,157$2,299,652
77$3,544,134$870,685$494,638$2,455,012
78$3,850,678$858,391$456,252$2,624,904
79$4,186,759$843,764$414,848$2,810,820
80$4,555,334$826,634$370,271$3,014,407
81$4,959,663$806,824$322,360$3,237,482
82$5,403,332$784,142$270,943$3,482,051
83$5,890,297$758,389$215,844$3,750,326
84$6,424,910$729,353$156,877$4,044,751
85$7,011,968$696,809$93,850$4,368,020
86$7,656,756$660,520$26,561$4,723,107
87$8,365,093$620,233$0$5,113,294
88$9,143,392$575,684$0$5,547,995
89$9,998,717$526,592$0$6,029,417
90$10,938,850$472,659$0$6,558,591
91$11,972,365$413,571$0$7,140,409
92$13,108,707$348,998$0$7,780,267
93$14,358,284$278,587$0$8,484,113
94$15,732,562$201,971$0$9,258,509
95$17,244,172$118,756$0$10,110,690
96$18,907,034$28,531$0$11,048,631
97$20,736,482$0$0$12,081,131
98$22,749,413$0$0$13,244,517
99$24,964,444$0$0$14,536,889
100$27,402,088$0$0$15,959,238