Can I retire at age 58 with 807,000?

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 $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%18.4%
1 years$66,641$66,048$65,469$64,903$64,351$62,167
2 years$32,991$32,376$31,781$31,203$30,643$28,465
3 years$21,775$21,158$20,564$19,992$19,441$17,337
4 years$16,169$15,554$14,966$14,403$13,866$11,851
5 years$12,806$12,194$11,614$11,063$10,541$8,621
6 years$10,564$9,957$9,386$8,847$8,340$6,518
7 years$8,964$8,362$7,800$7,274$6,783$5,057
8 years$7,764$7,168$6,615$6,102$5,627$3,997
9 years$6,832$6,241$5,697$5,197$4,739$3,202
10 years$6,086$5,501$4,967$4,480$4,038$2,591
11 years$5,476$4,897$4,373$3,899$3,473$2,114
12 years$4,969$4,396$3,881$3,420$3,009$1,736
13 years$4,539$3,972$3,467$3,019$2,624$1,432
14 years$4,172$3,611$3,115$2,680$2,300$1,187
15 years$3,854$3,298$2,813$2,390$2,025$986
16 years$3,575$3,026$2,550$2,140$1,790$822
17 years$3,330$2,787$2,321$1,923$1,587$687
18 years$3,112$2,575$2,118$1,733$1,411$575
19 years$2,918$2,387$1,939$1,566$1,258$482
20 years$2,743$2,218$1,780$1,418$1,124$404
21 years$2,585$2,066$1,637$1,287$1,005$339
22 years$2,441$1,929$1,509$1,170$901$285
23 years$2,310$1,804$1,393$1,066$809$240
24 years$2,191$1,690$1,288$972$727$202
25 years$2,081$1,586$1,193$888$654$170
26 years$1,979$1,491$1,107$812$589$143
27 years$1,885$1,403$1,028$743$531$121
28 years$1,799$1,322$955$681$479$102
29 years$1,718$1,247$889$624$433$86
30 years$1,643$1,178$828$573$391$73
31 years$1,572$1,113$772$526$354$61
32 years$1,507$1,053$720$484$320$52
33 years$1,445$998$673$445$290$44
34 years$1,387$945$628$409$262$37
35 years$1,333$897$588$377$237$31
36 years$1,282$851$550$347$215$26
37 years$1,233$808$514$320$195$22
38 years$1,188$768$482$295$177$19
39 years$1,144$731$451$272$160$16
40 years$1,103$695$423$251$145$13
41 years$1,064$662$397$231$132$11
42 years$1,027$630$372$213$120$10
43 years$992$600$349$197$109$8
44 years$959$572$328$182$99$7
45 years$927$546$308$168$90$6
46 years$897$521$289$155$81$5
47 years$868$497$272$143$74$4
48 years$840$474$255$132$67$3
49 years$813$453$240$122$61$3
50 years$788$433$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 $807,000, adding $3,308 every year, while hoping to spend $45,147 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$807,000$807,000$807,000$807,000
58$892,726$849,955$837,447$916,342
59$935,748$843,567$817,465$927,926
60$981,645$835,353$795,301$936,122
61$1,030,663$825,175$770,834$944,096
62$1,083,071$812,888$743,937$951,860
63$1,139,163$798,339$714,478$959,428
64$1,199,264$781,364$682,319$966,822
65$1,263,729$761,791$647,316$974,072
66$1,332,946$739,435$609,318$981,211
67$1,407,343$714,104$568,167$988,285
68$1,487,390$685,593$523,698$995,347
69$1,573,601$653,684$475,739$1,002,462
70$1,666,542$618,149$424,111$1,009,707
71$1,766,835$578,743$368,624$1,017,174
72$1,875,162$535,212$309,083$1,024,969
73$1,992,275$487,283$245,283$1,033,217
74$2,118,996$434,670$177,010$1,042,063
75$2,256,234$377,069$104,040$1,051,676
76$2,404,985$314,160$26,140$1,062,247
77$2,566,345$245,606$0$1,073,997
78$2,741,519$171,047$0$1,104,208
79$2,931,834$90,108$0$1,145,580
80$3,138,746$2,389$0$1,190,704
81$3,363,862$0$0$1,240,033
82$3,608,946$0$0$1,331,750
83$3,875,940$0$0$1,432,833
84$4,166,983$0$0$1,543,132
85$4,484,426$0$0$1,663,551
86$4,830,859$0$0$1,795,089
87$5,209,133$0$0$1,938,842
88$5,622,385$0$0$2,096,018
89$6,074,069$0$0$2,267,947
90$6,567,989$0$0$2,456,095
91$7,108,330$0$0$2,662,074
92$7,699,704$0$0$2,887,659
93$8,347,188$0$0$3,134,807
94$9,056,371$0$0$3,405,671
95$9,833,411$0$0$3,702,623
96$10,685,087$0$0$4,028,275
97$11,618,868$0$0$4,385,506
98$12,642,977$0$0$4,777,485
99$13,766,474$0$0$5,207,701
100$14,999,335$0$0$5,680,002