Can I retire at age 58 with 805,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$66,476$65,884$65,306$64,742$64,192$63,921
2 years$32,909$32,296$31,702$31,126$30,568$30,294
3 years$21,721$21,106$20,513$19,943$19,393$19,126
4 years$16,129$15,515$14,928$14,368$13,831$13,572
5 years$12,774$12,164$11,585$11,036$10,514$10,264
6 years$10,538$9,933$9,362$8,825$8,320$8,078
7 years$8,942$8,342$7,780$7,256$6,766$6,534
8 years$7,745$7,150$6,598$6,087$5,613$5,390
9 years$6,815$6,226$5,683$5,185$4,727$4,513
10 years$6,071$5,488$4,955$4,469$4,028$3,823
11 years$5,463$4,885$4,362$3,889$3,464$3,268
12 years$4,956$4,385$3,871$3,412$3,002$2,814
13 years$4,528$3,963$3,459$3,012$2,618$2,439
14 years$4,162$3,602$3,108$2,674$2,295$2,124
15 years$3,844$3,290$2,806$2,384$2,020$1,858
16 years$3,566$3,019$2,544$2,135$1,786$1,631
17 years$3,322$2,780$2,315$1,918$1,583$1,436
18 years$3,105$2,569$2,113$1,729$1,408$1,268
19 years$2,910$2,381$1,934$1,562$1,255$1,123
20 years$2,736$2,213$1,775$1,415$1,121$996
21 years$2,578$2,061$1,633$1,284$1,003$885
22 years$2,435$1,924$1,505$1,167$899$787
23 years$2,305$1,799$1,390$1,063$807$701
24 years$2,185$1,686$1,285$970$725$626
25 years$2,075$1,582$1,190$886$653$559
26 years$1,974$1,487$1,104$810$588$499
27 years$1,881$1,399$1,025$741$530$447
28 years$1,794$1,319$953$679$478$400
29 years$1,714$1,244$887$623$432$358
30 years$1,639$1,175$826$572$390$321
31 years$1,569$1,110$770$525$353$288
32 years$1,503$1,051$719$482$319$258
33 years$1,442$995$671$444$289$232
34 years$1,384$943$627$408$261$208
35 years$1,330$895$586$376$237$187
36 years$1,279$849$548$346$215$168
37 years$1,230$806$513$319$194$151
38 years$1,185$766$481$294$176$136
39 years$1,141$729$450$271$160$122
40 years$1,101$693$422$250$145$110
41 years$1,062$660$396$231$132$99
42 years$1,025$629$371$213$119$89
43 years$990$599$348$196$108$80
44 years$956$571$327$181$98$72
45 years$925$544$307$168$89$65
46 years$894$519$288$155$81$58
47 years$865$496$271$143$74$52
48 years$838$473$255$132$67$47
49 years$811$452$239$122$61$43
50 years$786$432$225$113$55$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $805,000, adding $6,488 every year, while hoping to spend $50,484 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: 45/46/9 Blend
57$805,000$805,000$805,000$805,000
58$893,802$851,137$838,660$931,474
59$931,256$839,129$813,040$946,186
60$970,837$824,839$784,871$956,420
61$1,012,711$808,104$754,012$966,364
62$1,057,055$788,749$720,319$976,010
63$1,104,065$766,589$683,641$985,350
64$1,153,955$741,427$643,818$994,381
65$1,206,958$713,057$600,685$1,003,105
66$1,263,329$681,258$554,070$1,011,525
67$1,323,348$645,799$503,790$1,019,651
68$1,387,320$606,433$449,658$1,027,499
69$1,455,581$562,902$391,475$1,035,092
70$1,528,497$514,931$329,036$1,042,461
71$1,606,470$462,230$262,126$1,049,643
72$1,689,942$404,491$190,519$1,056,690
73$1,779,396$341,390$113,981$1,063,664
74$1,875,362$272,586$32,267$1,070,639
75$1,978,422$197,716$0$1,077,705
76$2,089,215$116,398$0$1,090,247
77$2,208,443$28,229$0$1,106,765
78$2,336,874$0$0$1,124,333
79$2,475,356$0$0$1,177,180
80$2,624,816$0$0$1,249,711
81$2,786,276$0$0$1,328,143
82$2,960,858$0$0$1,413,031
83$3,149,794$0$0$1,504,983
84$3,354,439$0$0$1,604,671
85$3,576,285$0$0$1,712,833
86$3,816,968$0$0$1,830,277
87$4,078,293$0$0$1,957,898
88$4,362,241$0$0$2,096,675
89$4,670,992$0$0$2,247,688
90$5,006,945$0$0$2,412,124
91$5,372,740$0$0$2,591,291
92$5,771,282$0$0$2,786,627
93$6,205,767$0$0$2,999,714
94$6,679,711$0$0$3,232,295
95$7,196,989$0$0$3,486,288
96$7,761,861$0$0$3,763,803
97$8,379,019$0$0$4,067,164
98$9,053,630$0$0$4,398,932
99$9,791,379$0$0$4,761,923
100$10,598,528$0$0$5,159,239