Can I retire at age 58 with 805,000?

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 $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%19.5%
1 years$66,476$65,884$65,306$64,742$64,192$61,742
2 years$32,909$32,296$31,702$31,126$30,568$28,129
3 years$21,721$21,106$20,513$19,943$19,393$17,042
4 years$16,129$15,515$14,928$14,368$13,831$11,585
5 years$12,774$12,164$11,585$11,036$10,514$8,379
6 years$10,538$9,933$9,362$8,825$8,320$6,297
7 years$8,942$8,342$7,780$7,256$6,766$4,855
8 years$7,745$7,150$6,598$6,087$5,613$3,812
9 years$6,815$6,226$5,683$5,185$4,727$3,033
10 years$6,071$5,488$4,955$4,469$4,028$2,438
11 years$5,463$4,885$4,362$3,889$3,464$1,975
12 years$4,956$4,385$3,871$3,412$3,002$1,610
13 years$4,528$3,963$3,459$3,012$2,618$1,318
14 years$4,162$3,602$3,108$2,674$2,295$1,084
15 years$3,844$3,290$2,806$2,384$2,020$894
16 years$3,566$3,019$2,544$2,135$1,786$739
17 years$3,322$2,780$2,315$1,918$1,583$612
18 years$3,105$2,569$2,113$1,729$1,408$508
19 years$2,910$2,381$1,934$1,562$1,255$422
20 years$2,736$2,213$1,775$1,415$1,121$351
21 years$2,578$2,061$1,633$1,284$1,003$293
22 years$2,435$1,924$1,505$1,167$899$244
23 years$2,305$1,799$1,390$1,063$807$203
24 years$2,185$1,686$1,285$970$725$170
25 years$2,075$1,582$1,190$886$653$142
26 years$1,974$1,487$1,104$810$588$118
27 years$1,881$1,399$1,025$741$530$99
28 years$1,794$1,319$953$679$478$83
29 years$1,714$1,244$887$623$432$69
30 years$1,639$1,175$826$572$390$58
31 years$1,569$1,110$770$525$353$48
32 years$1,503$1,051$719$482$319$40
33 years$1,442$995$671$444$289$34
34 years$1,384$943$627$408$261$28
35 years$1,330$895$586$376$237$24
36 years$1,279$849$548$346$215$20
37 years$1,230$806$513$319$194$17
38 years$1,185$766$481$294$176$14
39 years$1,141$729$450$271$160$12
40 years$1,101$693$422$250$145$10
41 years$1,062$660$396$231$132$8
42 years$1,025$629$371$213$119$7
43 years$990$599$348$196$108$6
44 years$956$571$327$181$98$5
45 years$925$544$307$168$89$4
46 years$894$519$288$155$81$3
47 years$865$496$271$143$74$3
48 years$838$473$255$132$67$2
49 years$811$452$239$122$61$2
50 years$786$432$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $805,000, adding $2,553 every year, while hoping to spend $24,857 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: 65/20/15 Blend
57$805,000$805,000$805,000$805,000
58$889,743$847,078$834,601$944,211
59$954,050$862,138$836,112$996,026
60$1,024,082$877,102$836,841$1,049,510
61$1,100,398$891,939$836,735$1,107,342
62$1,183,612$906,618$835,740$1,169,945
63$1,274,400$921,101$833,796$1,237,788
64$1,373,505$935,351$830,844$1,311,385
65$1,481,745$949,327$826,821$1,391,305
66$1,600,023$962,983$821,659$1,478,174
67$1,729,330$976,274$815,289$1,572,681
68$1,870,758$989,149$807,638$1,675,588
69$2,025,511$1,001,552$798,629$1,787,733
70$2,194,913$1,013,428$788,183$1,910,039
71$2,380,422$1,024,714$776,215$2,043,527
72$2,583,644$1,035,344$762,637$2,189,318
73$2,806,348$1,045,248$747,358$2,348,651
74$3,050,481$1,054,351$730,280$2,522,891
75$3,318,190$1,062,573$711,304$2,713,541
76$3,611,836$1,069,831$690,324$2,922,261
77$3,934,023$1,076,032$667,229$3,150,879
78$4,287,617$1,081,081$641,905$3,401,410
79$4,675,776$1,084,876$614,231$3,676,076
80$5,101,978$1,087,308$584,080$3,977,326
81$5,570,055$1,088,261$551,322$4,307,861
82$6,084,227$1,087,612$515,818$4,670,656
83$6,649,144$1,085,232$477,424$5,068,993
84$7,269,930$1,080,981$435,991$5,506,489
85$7,952,226$1,074,713$391,360$5,987,131
86$8,702,251$1,066,271$343,369$6,515,314
87$9,526,854$1,055,492$291,845$7,095,884
88$10,433,581$1,042,199$236,609$7,734,182
89$11,430,746$1,026,206$177,475$8,436,095
90$12,527,510$1,007,318$114,248$9,208,114
91$13,733,965$985,325$46,724$10,057,392
92$15,061,230$960,007$0$10,991,816
93$16,521,558$931,130$0$12,024,133
94$18,128,448$898,447$0$13,168,115
95$19,896,774$861,695$0$14,426,874
96$21,842,926$820,598$0$15,812,092
97$23,984,959$774,863$0$17,336,641
98$26,342,774$724,180$0$19,014,710
99$28,938,292$668,220$0$20,861,934
100$31,795,673$606,638$0$22,895,543