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%17.5%
1 years$66,063$65,475$64,901$64,340$63,793$61,850
2 years$32,705$32,095$31,505$30,933$30,378$28,437
3 years$21,586$20,975$20,386$19,819$19,273$17,395
4 years$16,029$15,419$14,836$14,278$13,746$11,945
5 years$12,695$12,088$11,513$10,967$10,449$8,731
6 years$10,473$9,871$9,304$8,771$8,268$6,634
7 years$8,886$8,290$7,732$7,211$6,724$5,173
8 years$7,697$7,106$6,557$6,049$5,578$4,110
9 years$6,773$6,187$5,648$5,152$4,698$3,311
10 years$6,033$5,453$4,924$4,441$4,003$2,695
11 years$5,429$4,855$4,335$3,865$3,442$2,212
12 years$4,926$4,357$3,847$3,390$2,983$1,827
13 years$4,500$3,938$3,437$2,993$2,601$1,516
14 years$4,136$3,579$3,088$2,657$2,280$1,264
15 years$3,820$3,270$2,788$2,370$2,008$1,058
16 years$3,544$3,000$2,528$2,122$1,775$887
17 years$3,301$2,763$2,300$1,906$1,573$746
18 years$3,085$2,553$2,100$1,718$1,399$628
19 years$2,892$2,366$1,922$1,552$1,247$530
20 years$2,719$2,199$1,764$1,406$1,114$448
21 years$2,562$2,048$1,623$1,276$997$379
22 years$2,420$1,912$1,496$1,160$893$321
23 years$2,290$1,788$1,381$1,057$802$272
24 years$2,172$1,675$1,277$964$721$230
25 years$2,063$1,572$1,183$880$649$196
26 years$1,962$1,478$1,097$805$584$166
27 years$1,869$1,391$1,019$737$527$141
28 years$1,783$1,310$947$675$475$120
29 years$1,703$1,236$881$619$429$102
30 years$1,628$1,167$821$568$388$86
31 years$1,559$1,104$765$522$351$73
32 years$1,494$1,044$714$479$317$62
33 years$1,433$989$667$441$287$53
34 years$1,375$937$623$406$260$45
35 years$1,321$889$582$373$235$38
36 years$1,271$844$545$344$213$33
37 years$1,223$801$510$317$193$28
38 years$1,177$762$478$292$175$24
39 years$1,134$724$447$269$159$20
40 years$1,094$689$419$248$144$17
41 years$1,055$656$393$229$131$15
42 years$1,019$625$369$211$119$12
43 years$984$595$346$195$108$11
44 years$951$567$325$180$98$9
45 years$919$541$305$166$89$8
46 years$889$516$287$154$81$6
47 years$860$492$269$142$73$6
48 years$833$470$253$131$66$5
49 years$806$449$238$121$60$4
50 years$781$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $800,000, adding $5,699 every year, while hoping to spend $57,543 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: 41/42/17 Blend
57$800,000$800,000$800,000$800,000
58$887,479$845,079$832,679$919,202
59$916,776$825,262$799,348$922,422
60$947,133$802,546$762,972$919,870
61$978,598$776,728$723,389$915,892
62$1,011,219$747,592$680,427$910,386
63$1,045,052$714,912$633,909$903,246
64$1,080,152$678,447$583,650$894,357
65$1,116,580$637,944$529,455$883,603
66$1,154,401$593,133$471,121$870,857
67$1,193,683$543,730$408,437$855,990
68$1,234,500$489,434$341,181$838,862
69$1,276,932$429,929$269,123$819,330
70$1,321,061$364,877$192,021$797,241
71$1,366,979$293,926$109,623$772,435
72$1,414,782$216,700$21,667$744,747
73$1,464,575$132,803$0$713,999
74$1,516,469$41,818$0$693,105
75$1,570,586$0$0$673,823
76$1,627,055$0$0$678,273
77$1,686,016$0$0$703,121
78$1,747,621$0$0$729,108
79$1,812,033$0$0$756,305
80$1,879,429$0$0$784,790
81$1,950,000$0$0$814,647
82$2,023,953$0$0$845,970
83$2,101,515$0$0$878,856
84$2,182,927$0$0$913,414
85$2,268,456$0$0$949,762
86$2,358,390$0$0$988,028
87$2,453,041$0$0$1,028,351
88$2,552,750$0$0$1,070,882
89$2,657,889$0$0$1,115,787
90$2,768,862$0$0$1,163,246
91$2,886,110$0$0$1,213,456
92$3,010,115$0$0$1,266,632
93$3,141,401$0$0$1,323,007
94$3,280,542$0$0$1,382,839
95$3,428,165$0$0$1,446,408
96$3,584,955$0$0$1,514,020
97$3,751,663$0$0$1,586,011
98$3,929,107$0$0$1,662,749
99$4,118,186$0$0$1,744,635
100$4,319,883$0$0$1,832,110