Can I retire at age 58 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$66,641$66,048$65,469$64,903$64,351$62,366
2 years$32,991$32,376$31,781$31,203$30,643$28,661
3 years$21,775$21,158$20,564$19,992$19,441$17,524
4 years$16,169$15,554$14,966$14,403$13,866$12,027
5 years$12,806$12,194$11,614$11,063$10,541$8,786
6 years$10,564$9,957$9,386$8,847$8,340$6,672
7 years$8,964$8,362$7,800$7,274$6,783$5,201
8 years$7,764$7,168$6,615$6,102$5,627$4,129
9 years$6,832$6,241$5,697$5,197$4,739$3,324
10 years$6,086$5,501$4,967$4,480$4,038$2,704
11 years$5,476$4,897$4,373$3,899$3,473$2,218
12 years$4,969$4,396$3,881$3,420$3,009$1,830
13 years$4,539$3,972$3,467$3,019$2,624$1,519
14 years$4,172$3,611$3,115$2,680$2,300$1,265
15 years$3,854$3,298$2,813$2,390$2,025$1,058
16 years$3,575$3,026$2,550$2,140$1,790$886
17 years$3,330$2,787$2,321$1,923$1,587$745
18 years$3,112$2,575$2,118$1,733$1,411$627
19 years$2,918$2,387$1,939$1,566$1,258$529
20 years$2,743$2,218$1,780$1,418$1,124$446
21 years$2,585$2,066$1,637$1,287$1,005$377
22 years$2,441$1,929$1,509$1,170$901$319
23 years$2,310$1,804$1,393$1,066$809$270
24 years$2,191$1,690$1,288$972$727$229
25 years$2,081$1,586$1,193$888$654$194
26 years$1,979$1,491$1,107$812$589$165
27 years$1,885$1,403$1,028$743$531$140
28 years$1,799$1,322$955$681$479$119
29 years$1,718$1,247$889$624$433$101
30 years$1,643$1,178$828$573$391$85
31 years$1,572$1,113$772$526$354$73
32 years$1,507$1,053$720$484$320$62
33 years$1,445$998$673$445$290$52
34 years$1,387$945$628$409$262$45
35 years$1,333$897$588$377$237$38
36 years$1,282$851$550$347$215$32
37 years$1,233$808$514$320$195$27
38 years$1,188$768$482$295$177$23
39 years$1,144$731$451$272$160$20
40 years$1,103$695$423$251$145$17
41 years$1,064$662$397$231$132$14
42 years$1,027$630$372$213$120$12
43 years$992$600$349$197$109$10
44 years$959$572$328$182$99$9
45 years$927$546$308$168$90$7
46 years$897$521$289$155$81$6
47 years$868$497$272$143$74$5
48 years$840$474$255$132$67$5
49 years$813$453$240$122$61$4
50 years$788$433$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $807,000, adding $6,859 every year, while hoping to spend $28,782 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: 55/30/15 Blend
57$807,000$807,000$807,000$807,000
58$896,389$853,618$841,110$941,792
59$957,197$864,822$838,663$984,652
60$1,023,243$875,609$835,170$1,027,609
61$1,095,030$885,931$830,564$1,073,729
62$1,173,113$895,731$824,778$1,123,320
63$1,258,102$904,954$817,740$1,176,723
64$1,350,668$913,536$809,373$1,234,314
65$1,451,548$921,412$799,600$1,296,507
66$1,561,557$928,512$788,338$1,363,760
67$1,681,589$934,761$775,500$1,436,578
68$1,812,627$940,081$760,995$1,515,519
69$1,955,755$944,386$744,729$1,601,200
70$2,112,168$947,586$726,603$1,694,298
71$2,283,178$949,586$706,513$1,795,565
72$2,470,231$950,285$684,350$1,905,828
73$2,674,920$949,574$660,001$2,026,001
74$2,898,998$947,339$633,347$2,157,092
75$3,144,395$943,459$604,264$2,300,215
76$3,413,239$937,804$572,623$2,456,596
77$3,707,871$930,238$538,287$2,627,593
78$4,030,869$920,615$501,115$2,814,699
79$4,385,075$908,782$460,959$3,019,565
80$4,773,615$894,575$417,664$3,244,013
81$5,199,936$877,822$371,068$3,490,051
82$5,667,834$858,339$321,003$3,759,896
83$6,181,488$835,933$267,292$4,055,993
84$6,745,505$810,398$209,751$4,381,042
85$7,364,957$781,518$148,188$4,738,018
86$8,045,432$749,062$82,402$5,130,205
87$8,793,087$712,787$12,183$5,561,227
88$9,614,704$672,436$0$6,035,078
89$10,517,755$627,736$0$6,566,210
90$11,510,471$578,400$0$7,152,175
91$12,601,921$524,124$0$7,796,423
92$13,802,096$464,585$0$8,504,906
93$15,122,005$399,445$0$9,284,191
94$16,573,776$328,344$0$10,141,514
95$18,170,770$250,903$0$11,084,855
96$19,927,713$166,720$0$12,123,013
97$21,860,824$75,374$0$13,265,684
98$23,987,978$0$0$14,523,562
99$26,328,868$0$0$15,916,219
100$28,905,194$0$0$17,476,417