Can I retire at age 58 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$66,724$66,130$65,550$64,984$64,431$62,620
2 years$33,032$32,416$31,820$31,242$30,681$28,870
3 years$21,802$21,185$20,590$20,017$19,466$17,711
4 years$16,189$15,573$14,984$14,421$13,883$12,199
5 years$12,822$12,209$11,628$11,077$10,554$8,945
6 years$10,577$9,970$9,397$8,858$8,351$6,819
7 years$8,975$8,373$7,809$7,283$6,791$5,336
8 years$7,774$7,177$6,623$6,109$5,634$4,254
9 years$6,840$6,249$5,704$5,204$4,745$3,439
10 years$6,094$5,508$4,973$4,486$4,043$2,810
11 years$5,483$4,903$4,378$3,904$3,477$2,315
12 years$4,975$4,401$3,886$3,424$3,013$1,920
13 years$4,545$3,977$3,472$3,023$2,627$1,600
14 years$4,177$3,615$3,119$2,684$2,303$1,340
15 years$3,858$3,303$2,816$2,393$2,028$1,125
16 years$3,580$3,030$2,553$2,143$1,792$948
17 years$3,334$2,791$2,323$1,925$1,589$801
18 years$3,116$2,579$2,121$1,735$1,413$677
19 years$2,921$2,390$1,942$1,568$1,259$574
20 years$2,746$2,221$1,782$1,420$1,125$487
21 years$2,588$2,069$1,639$1,289$1,007$414
22 years$2,444$1,931$1,511$1,172$902$352
23 years$2,313$1,806$1,395$1,067$810$300
24 years$2,193$1,692$1,290$973$728$256
25 years$2,083$1,588$1,195$889$655$218
26 years$1,982$1,492$1,108$813$590$186
27 years$1,888$1,404$1,029$744$532$159
28 years$1,801$1,323$957$682$480$135
29 years$1,720$1,249$890$625$433$116
30 years$1,645$1,179$829$574$392$99
31 years$1,574$1,115$773$527$354$84
32 years$1,509$1,055$721$484$320$72
33 years$1,447$999$673$445$290$62
34 years$1,389$947$629$410$262$53
35 years$1,335$898$588$377$238$45
36 years$1,283$852$550$347$215$38
37 years$1,235$809$515$320$195$33
38 years$1,189$769$482$295$177$28
39 years$1,146$731$452$272$160$24
40 years$1,105$696$424$251$146$21
41 years$1,066$662$397$231$132$18
42 years$1,029$631$373$214$120$15
43 years$994$601$350$197$109$13
44 years$960$573$328$182$99$11
45 years$928$546$308$168$90$9
46 years$898$521$289$155$81$8
47 years$869$497$272$143$74$7
48 years$841$475$255$133$67$6
49 years$814$453$240$123$61$5
50 years$789$433$226$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $808,000, adding $2,176 every year, while hoping to spend $32,955 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: 40/41/19 Blend
57$808,000$808,000$808,000$808,000
58$892,661$849,837$837,313$923,259
59$948,648$856,415$830,299$951,899
60$1,009,242$862,211$821,945$979,536
61$1,074,877$867,151$812,173$1,008,750
62$1,146,031$871,159$800,898$1,039,704
63$1,223,231$874,150$788,033$1,072,576
64$1,307,056$876,038$773,486$1,107,565
65$1,398,140$876,729$757,163$1,144,893
66$1,497,185$876,123$738,962$1,184,807
67$1,604,959$874,115$718,779$1,227,580
68$1,722,312$870,593$696,505$1,273,515
69$1,850,174$865,439$672,024$1,322,951
70$1,989,572$858,525$645,217$1,376,261
71$2,141,635$849,720$615,959$1,433,863
72$2,307,606$838,880$584,117$1,496,216
73$2,488,852$825,856$549,556$1,563,833
74$2,686,881$810,489$512,133$1,637,281
75$2,903,351$792,611$471,696$1,717,189
76$3,140,086$772,042$428,091$1,804,255
77$3,399,096$748,593$381,154$1,899,251
78$3,682,595$722,066$330,714$2,003,033
79$3,993,021$692,248$276,594$2,116,551
80$4,333,055$658,915$218,606$2,240,853
81$4,705,655$621,830$156,558$2,377,104
82$5,114,075$580,742$90,245$2,526,589
83$5,561,900$535,388$19,458$2,690,735
84$6,053,078$485,485$0$2,871,118
85$6,591,957$430,740$0$3,080,852
86$7,183,328$370,838$0$3,315,446
87$7,832,468$305,449$0$3,573,134
88$8,545,188$234,224$0$3,856,328
89$9,327,890$156,794$0$4,167,690
90$10,187,627$72,769$0$4,510,163
91$11,132,168$0$0$4,886,992
92$12,170,073$0$0$5,310,003
93$13,310,770$0$0$5,811,104
94$14,564,648$0$0$6,362,041
95$15,943,152$0$0$6,967,856
96$17,458,889$0$0$7,634,107
97$19,125,752$0$0$8,366,914
98$20,959,046$0$0$9,173,023
99$22,975,633$0$0$10,059,864
100$25,194,093$0$0$11,035,626