Can I retire at age 58 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$66,146$65,557$64,982$64,421$63,873$62,228
2 years$32,745$32,136$31,545$30,972$30,416$28,769
3 years$21,613$21,001$20,411$19,844$19,297$17,701
4 years$16,049$15,438$14,854$14,296$13,763$12,229
5 years$12,710$12,104$11,528$10,981$10,462$8,995
6 years$10,486$9,883$9,316$8,782$8,278$6,879
7 years$8,897$8,300$7,742$7,220$6,733$5,402
8 years$7,707$7,115$6,565$6,056$5,585$4,322
9 years$6,781$6,195$5,655$5,159$4,704$3,507
10 years$6,041$5,460$4,930$4,447$4,008$2,876
11 years$5,436$4,861$4,340$3,870$3,447$2,378
12 years$4,932$4,363$3,852$3,395$2,987$1,980
13 years$4,506$3,943$3,441$2,997$2,605$1,657
14 years$4,141$3,584$3,092$2,660$2,283$1,393
15 years$3,825$3,274$2,792$2,373$2,010$1,175
16 years$3,549$3,004$2,531$2,124$1,777$994
17 years$3,305$2,766$2,303$1,909$1,575$843
18 years$3,089$2,556$2,103$1,720$1,401$717
19 years$2,896$2,369$1,925$1,554$1,249$610
20 years$2,722$2,202$1,767$1,408$1,115$520
21 years$2,565$2,051$1,625$1,278$998$444
22 years$2,423$1,914$1,498$1,162$895$380
23 years$2,293$1,790$1,383$1,058$803$325
24 years$2,174$1,677$1,279$965$722$278
25 years$2,065$1,574$1,184$881$649$238
26 years$1,964$1,479$1,098$806$585$204
27 years$1,871$1,392$1,020$737$527$175
28 years$1,785$1,312$948$676$476$150
29 years$1,705$1,238$882$620$430$129
30 years$1,630$1,169$822$569$388$111
31 years$1,561$1,105$766$522$351$95
32 years$1,496$1,046$715$480$318$81
33 years$1,434$990$668$441$287$70
34 years$1,377$938$624$406$260$60
35 years$1,323$890$583$374$236$52
36 years$1,272$845$546$344$214$44
37 years$1,224$802$511$317$194$38
38 years$1,179$763$478$292$175$33
39 years$1,136$725$448$270$159$28
40 years$1,095$690$420$249$144$24
41 years$1,056$657$394$229$131$21
42 years$1,020$625$369$212$119$18
43 years$985$596$347$195$108$15
44 years$952$568$325$180$98$13
45 years$920$542$305$167$89$11
46 years$890$517$287$154$81$10
47 years$861$493$270$142$73$8
48 years$834$471$253$131$67$7
49 years$807$450$238$121$60$6
50 years$782$429$224$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $801,000, adding $3,065 every year, while hoping to spend $57,039 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: 46/44/10 Blend
57$801,000$801,000$801,000$801,000
58$885,864$843,411$830,995$924,003
59$915,533$824,049$798,144$931,297
60$946,316$801,826$762,281$933,076
61$978,268$776,543$723,245$933,710
62$1,011,444$747,987$680,867$933,114
63$1,045,907$715,933$634,971$931,197
64$1,081,720$680,145$585,374$927,862
65$1,118,954$640,371$531,882$923,011
66$1,157,684$596,345$474,296$916,537
67$1,197,988$547,786$412,406$908,329
68$1,239,953$494,399$345,992$898,273
69$1,283,672$435,868$274,826$886,246
70$1,329,243$371,862$198,670$872,120
71$1,376,773$302,030$117,273$855,764
72$1,426,378$226,004$30,375$837,037
73$1,478,182$143,391$0$815,795
74$1,532,318$53,779$0$798,539
75$1,588,932$0$0$782,349
76$1,648,181$0$0$784,796
77$1,710,234$0$0$814,655
78$1,775,276$0$0$845,979
79$1,843,506$0$0$878,867
80$1,915,140$0$0$913,427
81$1,990,415$0$0$949,777
82$2,069,585$0$0$988,045
83$2,152,930$0$0$1,028,371
84$2,240,751$0$0$1,070,905
85$2,333,379$0$0$1,115,813
86$2,431,174$0$0$1,163,276
87$2,534,527$0$0$1,213,490
88$2,643,866$0$0$1,266,670
89$2,759,659$0$0$1,323,050
90$2,882,415$0$0$1,382,887
91$3,012,692$0$0$1,446,462
92$3,151,100$0$0$1,514,081
93$3,298,306$0$0$1,586,079
94$3,455,039$0$0$1,662,825
95$3,622,098$0$0$1,744,720
96$3,800,359$0$0$1,832,205
97$3,990,781$0$0$1,925,763
98$4,194,412$0$0$2,025,925
99$4,412,407$0$0$2,133,271
100$4,646,026$0$0$2,248,439