Can I retire at age 58 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$65,981$65,393$64,820$64,260$63,713$62,098
2 years$32,664$32,055$31,466$30,894$30,340$28,722
3 years$21,559$20,949$20,360$19,794$19,249$17,680
4 years$16,008$15,399$14,817$14,261$13,728$12,221
5 years$12,679$12,073$11,499$10,954$10,436$8,994
6 years$10,460$9,859$9,293$8,760$8,258$6,882
7 years$8,875$8,279$7,722$7,202$6,716$5,407
8 years$7,687$7,097$6,549$6,041$5,571$4,329
9 years$6,764$6,179$5,641$5,146$4,692$3,514
10 years$6,026$5,447$4,918$4,436$3,998$2,884
11 years$5,422$4,849$4,329$3,860$3,438$2,387
12 years$4,919$4,352$3,842$3,386$2,979$1,988
13 years$4,494$3,933$3,433$2,989$2,598$1,665
14 years$4,131$3,575$3,084$2,654$2,278$1,401
15 years$3,815$3,266$2,785$2,367$2,005$1,182
16 years$3,540$2,996$2,525$2,119$1,772$1,001
17 years$3,297$2,759$2,298$1,904$1,571$850
18 years$3,081$2,550$2,097$1,716$1,397$723
19 years$2,889$2,363$1,920$1,550$1,245$616
20 years$2,716$2,196$1,762$1,404$1,112$526
21 years$2,559$2,045$1,621$1,274$995$449
22 years$2,417$1,909$1,494$1,159$892$384
23 years$2,287$1,786$1,379$1,055$801$329
24 years$2,169$1,673$1,276$962$720$282
25 years$2,060$1,570$1,181$879$648$241
26 years$1,960$1,476$1,096$804$584$207
27 years$1,867$1,389$1,017$736$526$178
28 years$1,781$1,309$946$674$475$153
29 years$1,701$1,235$880$618$429$131
30 years$1,626$1,166$820$567$387$113
31 years$1,557$1,102$764$521$350$97
32 years$1,492$1,043$713$479$317$83
33 years$1,431$988$666$440$287$71
34 years$1,374$936$622$405$260$61
35 years$1,320$888$582$373$235$53
36 years$1,269$843$544$343$213$45
37 years$1,221$800$509$316$193$39
38 years$1,176$761$477$292$175$34
39 years$1,133$723$447$269$159$29
40 years$1,092$688$419$248$144$25
41 years$1,054$655$393$229$131$21
42 years$1,017$624$368$211$119$18
43 years$982$594$346$195$108$16
44 years$949$567$324$180$98$14
45 years$918$540$305$166$89$12
46 years$888$515$286$154$80$10
47 years$859$492$269$142$73$9
48 years$831$470$253$131$66$7
49 years$805$448$237$121$60$6
50 years$780$428$223$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $799,000, adding $4,277 every year, while hoping to spend $50,579 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: 38/44/18 Blend
57$799,000$799,000$799,000$799,000
58$884,910$842,563$830,178$913,603
59$921,355$830,033$804,174$922,107
60$959,822$815,193$775,602$926,164
61$1,000,465$797,878$744,326$929,489
62$1,043,449$777,911$710,198$932,044
63$1,088,957$755,105$673,066$933,791
64$1,137,188$729,263$632,771$934,691
65$1,188,359$700,174$589,146$934,709
66$1,242,707$667,619$542,018$933,810
67$1,300,493$631,362$491,206$931,961
68$1,362,000$591,156$436,518$929,131
69$1,427,541$546,738$377,757$925,293
70$1,497,454$497,833$314,717$920,423
71$1,572,115$444,147$247,180$914,503
72$1,651,931$385,371$174,921$907,518
73$1,737,351$321,177$97,704$899,464
74$1,828,868$251,222$15,284$890,340
75$1,927,020$175,139$0$880,155
76$2,032,398$92,543$0$882,889
77$2,145,654$3,029$0$888,656
78$2,267,499$0$0$894,617
79$2,398,716$0$0$946,323
80$2,540,166$0$0$1,003,724
81$2,692,791$0$0$1,065,748
82$2,857,631$0$0$1,132,827
83$3,035,825$0$0$1,205,437
84$3,228,626$0$0$1,284,100
85$3,437,413$0$0$1,369,392
86$3,663,698$0$0$1,461,944
87$3,909,148$0$0$1,562,453
88$4,175,595$0$0$1,671,682
89$4,465,051$0$0$1,790,473
90$4,779,735$0$0$1,919,751
91$5,122,082$0$0$2,060,535
92$5,494,775$0$0$2,213,946
93$5,900,765$0$0$2,381,217
94$6,343,301$0$0$2,563,704
95$6,825,956$0$0$2,762,904
96$7,352,664$0$0$2,980,459
97$7,927,756$0$0$3,218,180
98$8,555,999$0$0$3,478,061
99$9,242,640$0$0$3,762,296
100$9,993,457$0$0$4,073,302