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%19.1%
1 years$66,146$65,557$64,982$64,421$63,873$61,533
2 years$32,745$32,136$31,545$30,972$30,416$28,085
3 years$21,613$21,001$20,411$19,844$19,297$17,048
4 years$16,049$15,438$14,854$14,296$13,763$11,612
5 years$12,710$12,104$11,528$10,981$10,462$8,417
6 years$10,486$9,883$9,316$8,782$8,278$6,339
7 years$8,897$8,300$7,742$7,220$6,733$4,899
8 years$7,707$7,115$6,565$6,056$5,585$3,855
9 years$6,781$6,195$5,655$5,159$4,704$3,075
10 years$6,041$5,460$4,930$4,447$4,008$2,478
11 years$5,436$4,861$4,340$3,870$3,447$2,013
12 years$4,932$4,363$3,852$3,395$2,987$1,645
13 years$4,506$3,943$3,441$2,997$2,605$1,351
14 years$4,141$3,584$3,092$2,660$2,283$1,114
15 years$3,825$3,274$2,792$2,373$2,010$921
16 years$3,549$3,004$2,531$2,124$1,777$764
17 years$3,305$2,766$2,303$1,909$1,575$635
18 years$3,089$2,556$2,103$1,720$1,401$528
19 years$2,896$2,369$1,925$1,554$1,249$440
20 years$2,722$2,202$1,767$1,408$1,115$368
21 years$2,565$2,051$1,625$1,278$998$307
22 years$2,423$1,914$1,498$1,162$895$257
23 years$2,293$1,790$1,383$1,058$803$215
24 years$2,174$1,677$1,279$965$722$180
25 years$2,065$1,574$1,184$881$649$151
26 years$1,964$1,479$1,098$806$585$126
27 years$1,871$1,392$1,020$737$527$106
28 years$1,785$1,312$948$676$476$89
29 years$1,705$1,238$882$620$430$74
30 years$1,630$1,169$822$569$388$62
31 years$1,561$1,105$766$522$351$52
32 years$1,496$1,046$715$480$318$44
33 years$1,434$990$668$441$287$37
34 years$1,377$938$624$406$260$31
35 years$1,323$890$583$374$236$26
36 years$1,272$845$546$344$214$22
37 years$1,224$802$511$317$194$18
38 years$1,179$763$478$292$175$15
39 years$1,136$725$448$270$159$13
40 years$1,095$690$420$249$144$11
41 years$1,056$657$394$229$131$9
42 years$1,020$625$369$212$119$8
43 years$985$596$347$195$108$6
44 years$952$568$325$180$98$5
45 years$920$542$305$167$89$5
46 years$890$517$287$154$81$4
47 years$861$493$270$142$73$3
48 years$834$471$253$131$67$3
49 years$807$450$238$121$60$2
50 years$782$429$224$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $801,000, adding $4,496 every year, while hoping to spend $52,934 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: 67/16/17 Blend
57$801,000$801,000$801,000$801,000
58$887,340$844,887$832,471$942,845
59$921,527$829,965$804,038$965,578
60$957,427$812,537$772,877$983,830
61$995,159$792,426$738,843$1,002,484
62$1,034,852$769,442$701,781$1,021,576
63$1,076,647$743,384$661,531$1,041,149
64$1,120,696$714,042$617,923$1,061,250
65$1,167,167$681,189$570,783$1,081,935
66$1,216,240$644,590$519,927$1,103,265
67$1,268,115$603,993$465,163$1,125,311
68$1,323,008$559,134$406,291$1,148,154
69$1,381,154$509,730$343,101$1,171,883
70$1,442,811$455,487$275,374$1,196,602
71$1,508,263$396,091$202,884$1,222,427
72$1,577,816$331,210$125,391$1,249,487
73$1,651,809$260,494$42,647$1,277,929
74$1,730,610$183,575$0$1,307,920
75$1,814,624$100,062$0$1,347,925
76$1,904,293$9,543$0$1,398,665
77$2,000,103$0$0$1,452,681
78$2,102,585$0$0$1,525,856
79$2,212,322$0$0$1,606,043
80$2,329,953$0$0$1,692,031
81$2,456,179$0$0$1,784,339
82$2,591,771$0$0$1,883,533
83$2,737,573$0$0$1,990,237
84$2,894,511$0$0$2,105,134
85$3,063,606$0$0$2,228,975
86$3,245,974$0$0$2,362,585
87$3,442,845$0$0$2,506,871
88$3,655,569$0$0$2,662,827
89$3,885,630$0$0$2,831,549
90$4,134,659$0$0$3,014,240
91$4,404,448$0$0$3,212,222
92$4,696,970$0$0$3,426,950
93$5,014,391$0$0$3,660,023
94$5,359,098$0$0$3,913,201
95$5,733,711$0$0$4,188,419
96$6,141,116$0$0$4,487,805
97$6,584,488$0$0$4,813,701
98$7,067,318$0$0$5,168,685
99$7,593,450$0$0$5,555,594
100$8,167,113$0$0$5,977,547