Can I retire at age 58 with 806,000?

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 $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 $2,371 every year, while hoping to spend $41,906 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: 35/37/28 Blend
57$806,000$806,000$806,000$806,000
58$890,658$847,940$835,447$914,244
59$936,917$844,901$818,846$929,077
60$986,490$840,309$800,286$941,132
61$1,039,672$834,043$779,654$953,334
62$1,096,783$825,976$756,837$965,722
63$1,158,178$815,972$731,715$978,347
64$1,224,245$803,888$704,160$991,265
65$1,295,411$789,572$674,043$1,004,546
66$1,372,145$772,862$641,225$1,018,266
67$1,454,960$753,588$605,562$1,032,518
68$1,544,422$731,571$566,904$1,047,405
69$1,641,152$706,617$525,095$1,063,047
70$1,745,834$678,526$479,970$1,079,582
71$1,859,218$647,082$431,358$1,097,168
72$1,982,129$612,060$379,080$1,115,982
73$2,115,475$573,220$322,948$1,136,228
74$2,260,255$530,309$262,767$1,158,136
75$2,417,565$483,058$198,334$1,181,967
76$2,588,614$431,185$129,436$1,208,016
77$2,774,731$374,391$55,850$1,236,614
78$2,977,377$312,360$0$1,268,135
79$3,198,160$244,757$0$1,309,777
80$3,438,853$171,230$0$1,373,483
81$3,701,402$91,406$0$1,443,157
82$3,987,952$4,892$0$1,519,472
83$4,300,864$0$0$1,603,177
84$4,642,736$0$0$1,731,229
85$5,016,430$0$0$1,873,490
86$5,425,095$0$0$2,029,179
87$5,872,198$0$0$2,199,634
88$6,361,560$0$0$2,386,324
89$6,897,383$0$0$2,590,871
90$7,484,300$0$0$2,815,057
91$8,127,408$0$0$3,060,847
92$8,832,324$0$0$3,330,406
93$9,605,234$0$0$3,626,116
94$10,452,948$0$0$3,950,603
95$11,382,971$0$0$4,306,758
96$12,403,566$0$0$4,697,766
97$13,523,837$0$0$5,127,137
98$14,753,812$0$0$5,598,734
99$16,104,537$0$0$6,116,817
100$17,588,179$0$0$6,686,074