Can I retire at age 58 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$66,063$65,475$64,901$64,340$63,793$63,232
2 years$32,705$32,095$31,505$30,933$30,378$29,812
3 years$21,586$20,975$20,386$19,819$19,273$18,721
4 years$16,029$15,419$14,836$14,278$13,746$13,211
5 years$12,695$12,088$11,513$10,967$10,449$9,934
6 years$10,473$9,871$9,304$8,771$8,268$7,772
7 years$8,886$8,290$7,732$7,211$6,724$6,248
8 years$7,697$7,106$6,557$6,049$5,578$5,122
9 years$6,773$6,187$5,648$5,152$4,698$4,261
10 years$6,033$5,453$4,924$4,441$4,003$3,586
11 years$5,429$4,855$4,335$3,865$3,442$3,045
12 years$4,926$4,357$3,847$3,390$2,983$2,604
13 years$4,500$3,938$3,437$2,993$2,601$2,241
14 years$4,136$3,579$3,088$2,657$2,280$1,938
15 years$3,820$3,270$2,788$2,370$2,008$1,683
16 years$3,544$3,000$2,528$2,122$1,775$1,466
17 years$3,301$2,763$2,300$1,906$1,573$1,281
18 years$3,085$2,553$2,100$1,718$1,399$1,123
19 years$2,892$2,366$1,922$1,552$1,247$986
20 years$2,719$2,199$1,764$1,406$1,114$867
21 years$2,562$2,048$1,623$1,276$997$764
22 years$2,420$1,912$1,496$1,160$893$675
23 years$2,290$1,788$1,381$1,057$802$596
24 years$2,172$1,675$1,277$964$721$527
25 years$2,063$1,572$1,183$880$649$467
26 years$1,962$1,478$1,097$805$584$414
27 years$1,869$1,391$1,019$737$527$367
28 years$1,783$1,310$947$675$475$326
29 years$1,703$1,236$881$619$429$289
30 years$1,628$1,167$821$568$388$257
31 years$1,559$1,104$765$522$351$228
32 years$1,494$1,044$714$479$317$203
33 years$1,433$989$667$441$287$181
34 years$1,375$937$623$406$260$161
35 years$1,321$889$582$373$235$143
36 years$1,271$844$545$344$213$127
37 years$1,223$801$510$317$193$113
38 years$1,177$762$478$292$175$101
39 years$1,134$724$447$269$159$90
40 years$1,094$689$419$248$144$80
41 years$1,055$656$393$229$131$71
42 years$1,019$625$369$211$119$64
43 years$984$595$346$195$108$57
44 years$951$567$325$180$98$51
45 years$919$541$305$166$89$45
46 years$889$516$287$154$81$40
47 years$860$492$269$142$73$36
48 years$833$470$253$131$66$32
49 years$806$449$238$121$60$28
50 years$781$429$224$112$55$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $800,000, adding $6,805 every year, while hoping to spend $25,374 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: 49/46/5 Blend
57$800,000$800,000$800,000$800,000
58$888,619$846,219$833,819$930,738
59$952,261$860,686$834,755$974,656
60$1,021,543$875,012$834,871$1,019,049
61$1,097,015$889,162$834,113$1,066,657
62$1,179,281$903,101$832,426$1,117,784
63$1,269,004$916,789$829,749$1,172,769
64$1,366,916$930,185$826,019$1,231,982
65$1,473,822$943,245$821,171$1,295,834
66$1,590,608$955,920$815,137$1,364,777
67$1,718,249$968,160$807,843$1,439,309
68$1,857,820$979,909$799,216$1,519,979
69$2,010,503$991,110$789,175$1,607,394
70$2,177,600$1,001,701$777,638$1,702,223
71$2,360,545$1,011,614$764,518$1,805,204
72$2,560,917$1,020,778$749,726$1,917,150
73$2,780,453$1,029,119$733,164$2,038,959
74$3,021,070$1,036,556$714,735$2,171,621
75$3,284,875$1,043,004$694,335$2,316,227
76$3,574,191$1,048,370$671,854$2,473,984
77$3,891,577$1,052,558$647,180$2,646,219
78$4,239,850$1,055,466$620,192$2,834,398
79$4,622,113$1,056,983$590,768$3,040,138
80$5,041,787$1,056,993$558,776$3,265,222
81$5,502,635$1,055,372$524,082$3,511,617
82$6,008,808$1,051,989$486,543$3,781,493
83$6,564,875$1,046,705$446,010$4,077,243
84$7,175,871$1,039,372$402,330$4,401,505
85$7,847,341$1,029,833$355,340$4,757,192
86$8,585,397$1,017,922$304,871$5,147,513
87$9,396,770$1,003,462$250,746$5,576,009
88$10,288,876$986,267$192,782$6,046,587
89$11,269,887$966,140$130,785$6,563,552
90$12,348,804$942,869$64,555$7,131,654
91$13,535,546$916,234$0$7,756,132
92$14,841,042$886,000$0$8,443,088
93$16,277,332$851,918$0$9,202,263
94$17,857,683$813,724$0$10,037,246
95$19,596,711$771,141$0$10,955,795
96$21,510,522$723,874$0$11,966,466
97$23,616,864$671,612$0$13,078,689
98$25,935,288$614,026$0$14,302,867
99$28,487,341$550,767$0$15,650,464
100$31,296,763$481,468$0$17,134,122