Can I retire at age 58 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$66,559$65,966$65,387$64,823$64,272$63,416
2 years$32,950$32,336$31,741$31,165$30,606$29,745
3 years$21,748$21,132$20,539$19,968$19,417$18,578
4 years$16,149$15,534$14,947$14,386$13,849$13,038
5 years$12,790$12,179$11,599$11,049$10,528$9,747
6 years$10,551$9,945$9,374$8,836$8,330$7,581
7 years$8,953$8,352$7,790$7,265$6,775$6,057
8 years$7,755$7,159$6,606$6,094$5,620$4,935
9 years$6,823$6,233$5,690$5,191$4,733$4,079
10 years$6,079$5,494$4,961$4,475$4,033$3,410
11 years$5,470$4,891$4,367$3,894$3,468$2,875
12 years$4,963$4,390$3,876$3,416$3,006$2,442
13 years$4,534$3,967$3,463$3,016$2,621$2,087
14 years$4,167$3,606$3,111$2,677$2,297$1,791
15 years$3,849$3,294$2,809$2,387$2,023$1,544
16 years$3,571$3,023$2,547$2,138$1,788$1,335
17 years$3,326$2,784$2,318$1,921$1,585$1,158
18 years$3,108$2,572$2,116$1,731$1,409$1,007
19 years$2,914$2,384$1,937$1,564$1,256$877
20 years$2,739$2,215$1,778$1,417$1,122$765
21 years$2,581$2,063$1,635$1,286$1,004$669
22 years$2,438$1,926$1,507$1,169$900$585
23 years$2,307$1,801$1,391$1,065$808$513
24 years$2,188$1,688$1,287$971$726$450
25 years$2,078$1,584$1,192$887$654$395
26 years$1,977$1,489$1,105$811$589$347
27 years$1,883$1,401$1,026$742$531$305
28 years$1,796$1,320$954$680$479$268
29 years$1,716$1,245$888$624$432$236
30 years$1,641$1,176$827$572$391$208
31 years$1,571$1,112$771$526$353$183
32 years$1,505$1,052$719$483$320$161
33 years$1,443$996$672$444$289$142
34 years$1,386$944$628$409$262$125
35 years$1,331$896$587$376$237$111
36 years$1,280$850$549$346$215$98
37 years$1,232$807$514$319$195$86
38 years$1,186$767$481$294$177$76
39 years$1,143$730$451$271$160$67
40 years$1,102$694$423$250$145$59
41 years$1,063$661$396$231$132$52
42 years$1,026$629$372$213$120$46
43 years$991$600$349$197$108$41
44 years$958$572$327$182$98$36
45 years$926$545$307$168$89$32
46 years$895$520$289$155$81$28
47 years$866$496$271$143$74$25
48 years$839$474$255$132$67$22
49 years$812$452$240$122$61$19
50 years$787$432$225$113$55$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $806,000, adding $2,281 every year, while hoping to spend $35,649 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: 44/26/30 Blend
57$806,000$806,000$806,000$806,000
58$890,565$847,847$835,354$921,901
59$943,472$851,461$825,408$948,183
60$1,000,581$854,058$813,934$973,105
61$1,062,283$855,549$800,843$999,455
62$1,129,007$855,842$786,043$1,027,385
63$1,201,226$854,838$769,435$1,057,068
64$1,279,458$852,433$750,919$1,088,696
65$1,364,275$848,514$730,386$1,122,481
66$1,456,304$842,964$707,727$1,158,663
67$1,556,236$835,658$682,825$1,197,504
68$1,664,829$826,462$655,556$1,239,300
69$1,782,919$815,236$625,795$1,284,377
70$1,911,425$801,831$593,408$1,333,100
71$2,051,358$786,089$558,255$1,385,871
72$2,203,831$767,842$520,191$1,443,141
73$2,370,068$746,912$479,063$1,505,407
74$2,551,417$723,113$434,714$1,573,223
75$2,749,360$696,244$386,976$1,647,201
76$2,965,532$666,097$335,676$1,728,024
77$3,201,729$632,448$280,634$1,816,444
78$3,459,929$595,063$221,659$1,913,300
79$3,742,313$553,691$158,555$2,019,519
80$4,051,277$508,071$91,116$2,136,128
81$4,389,465$457,924$19,126$2,264,266
82$4,759,784$402,955$0$2,405,193
83$5,165,437$342,855$0$2,578,774
84$5,609,951$277,295$0$2,775,820
85$6,097,212$205,928$0$2,991,990
86$6,631,497$128,388$0$3,229,257
87$7,217,519$44,288$0$3,489,801
88$7,860,468$0$0$3,776,026
89$8,566,060$0$0$4,103,970
90$9,340,594$0$0$4,477,965
91$10,191,005$0$0$4,888,702
92$11,124,934$0$0$5,339,886
93$12,150,800$0$0$5,835,595
94$13,277,874$0$0$6,380,324
95$14,516,372$0$0$6,979,024
96$15,877,547$0$0$7,637,151
97$17,373,799$0$0$8,360,715
98$19,018,785$0$0$9,156,336
99$20,827,555$0$0$10,031,309
100$22,816,689$0$0$10,993,672