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%15.3%
1 years$66,724$66,130$65,550$64,984$64,431$63,027
2 years$33,032$32,416$31,820$31,242$30,681$29,274
3 years$21,802$21,185$20,590$20,017$19,466$18,099
4 years$16,189$15,573$14,984$14,421$13,883$12,567
5 years$12,822$12,209$11,628$11,077$10,554$9,293
6 years$10,577$9,970$9,397$8,858$8,351$7,146
7 years$8,975$8,373$7,809$7,283$6,791$5,643
8 years$7,774$7,177$6,623$6,109$5,634$4,541
9 years$6,840$6,249$5,704$5,204$4,745$3,707
10 years$6,094$5,508$4,973$4,486$4,043$3,059
11 years$5,483$4,903$4,378$3,904$3,477$2,546
12 years$4,975$4,401$3,886$3,424$3,013$2,133
13 years$4,545$3,977$3,472$3,023$2,627$1,798
14 years$4,177$3,615$3,119$2,684$2,303$1,521
15 years$3,858$3,303$2,816$2,393$2,028$1,292
16 years$3,580$3,030$2,553$2,143$1,792$1,101
17 years$3,334$2,791$2,323$1,925$1,589$941
18 years$3,116$2,579$2,121$1,735$1,413$806
19 years$2,921$2,390$1,942$1,568$1,259$691
20 years$2,746$2,221$1,782$1,420$1,125$594
21 years$2,588$2,069$1,639$1,289$1,007$511
22 years$2,444$1,931$1,511$1,172$902$440
23 years$2,313$1,806$1,395$1,067$810$379
24 years$2,193$1,692$1,290$973$728$327
25 years$2,083$1,588$1,195$889$655$283
26 years$1,982$1,492$1,108$813$590$244
27 years$1,888$1,404$1,029$744$532$211
28 years$1,801$1,323$957$682$480$182
29 years$1,720$1,249$890$625$433$158
30 years$1,645$1,179$829$574$392$137
31 years$1,574$1,115$773$527$354$118
32 years$1,509$1,055$721$484$320$102
33 years$1,447$999$673$445$290$89
34 years$1,389$947$629$410$262$77
35 years$1,335$898$588$377$238$67
36 years$1,283$852$550$347$215$58
37 years$1,235$809$515$320$195$50
38 years$1,189$769$482$295$177$43
39 years$1,146$731$452$272$160$38
40 years$1,105$696$424$251$146$33
41 years$1,066$662$397$231$132$28
42 years$1,029$631$373$214$120$24
43 years$994$601$350$197$109$21
44 years$960$573$328$182$99$18
45 years$928$546$308$168$90$16
46 years$898$521$289$155$81$14
47 years$869$497$272$143$74$12
48 years$841$475$255$133$67$10
49 years$814$453$240$123$61$9
50 years$789$433$226$113$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $808,000, adding $5,837 every year, while hoping to spend $31,772 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: 63/30/7 Blend
57$808,000$808,000$808,000$808,000
58$896,437$853,613$841,089$951,351
59$954,068$861,635$835,460$996,718
60$1,016,513$868,985$828,578$1,041,973
61$1,084,229$875,597$820,367$1,090,561
62$1,157,719$881,399$810,748$1,142,805
63$1,237,536$886,318$799,638$1,199,058
64$1,324,289$890,272$786,950$1,259,711
65$1,418,648$893,176$772,594$1,325,197
66$1,521,348$894,940$756,474$1,395,991
67$1,633,201$895,467$738,491$1,472,618
68$1,755,098$894,655$718,541$1,555,658
69$1,888,020$892,396$696,515$1,645,751
70$2,033,049$888,574$672,298$1,743,602
71$2,191,373$883,067$645,773$1,849,990
72$2,364,301$875,745$616,815$1,965,773
73$2,553,274$866,471$585,292$2,091,900
74$2,759,878$855,099$551,070$2,229,416
75$2,985,860$841,473$514,005$2,379,475
76$3,233,143$825,431$473,950$2,543,350
77$3,503,846$806,799$430,749$2,722,445
78$3,800,298$785,392$384,240$2,918,311
79$4,125,070$761,018$334,253$3,132,656
80$4,480,988$733,468$280,611$3,367,366
81$4,871,167$702,527$223,130$3,624,522
82$5,299,038$667,962$161,617$3,906,419
83$5,768,378$629,531$95,869$4,215,589
84$6,283,350$586,975$25,678$4,554,825
85$6,848,537$540,022$0$4,927,208
86$7,468,987$488,383$0$5,339,813
87$8,150,263$431,753$0$5,794,996
88$8,898,492$369,811$0$6,294,991
89$9,720,423$302,216$0$6,844,376
90$10,623,490$228,609$0$7,448,200
91$11,615,885$148,610$0$8,112,029
92$12,706,632$61,818$0$8,842,003
93$13,905,672$0$0$9,644,891
94$15,223,957$0$0$10,538,782
95$16,673,554$0$0$11,544,215
96$18,267,757$0$0$12,650,012
97$20,021,215$0$0$13,866,342
98$21,950,065$0$0$15,204,408
99$24,072,089$0$0$16,676,552
100$26,406,877$0$0$18,296,377