Can I retire at age 58 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$66,806$66,211$65,631$65,064$64,511$63,626
2 years$33,073$32,457$31,860$31,281$30,719$29,829
3 years$21,829$21,211$20,615$20,042$19,490$18,622
4 years$16,209$15,592$15,003$14,439$13,900$13,062
5 years$12,837$12,224$11,643$11,091$10,567$9,760
6 years$10,591$9,982$9,409$8,869$8,361$7,587
7 years$8,986$8,383$7,819$7,292$6,800$6,059
8 years$7,784$7,186$6,631$6,117$5,641$4,933
9 years$6,849$6,257$5,711$5,210$4,751$4,075
10 years$6,101$5,515$4,979$4,491$4,048$3,404
11 years$5,490$4,910$4,384$3,909$3,481$2,869
12 years$4,981$4,407$3,890$3,429$3,017$2,435
13 years$4,551$3,982$3,476$3,027$2,631$2,079
14 years$4,182$3,620$3,123$2,687$2,306$1,784
15 years$3,863$3,307$2,820$2,396$2,030$1,536
16 years$3,584$3,034$2,556$2,146$1,794$1,328
17 years$3,338$2,794$2,326$1,928$1,591$1,151
18 years$3,120$2,582$2,124$1,737$1,415$1,000
19 years$2,925$2,393$1,944$1,570$1,261$870
20 years$2,750$2,223$1,784$1,422$1,126$759
21 years$2,591$2,071$1,641$1,290$1,008$663
22 years$2,447$1,933$1,512$1,173$903$580
23 years$2,316$1,808$1,397$1,068$811$508
24 years$2,196$1,694$1,292$975$729$445
25 years$2,086$1,590$1,196$890$656$390
26 years$1,984$1,494$1,109$814$591$343
27 years$1,890$1,406$1,030$745$533$301
28 years$1,803$1,325$958$682$481$264
29 years$1,722$1,250$891$626$434$233
30 years$1,647$1,181$830$574$392$205
31 years$1,576$1,116$774$527$355$180
32 years$1,511$1,056$722$485$321$159
33 years$1,449$1,000$674$446$290$140
34 years$1,391$948$630$410$263$123
35 years$1,336$899$589$378$238$108
36 years$1,285$853$551$348$216$96
37 years$1,236$810$516$320$195$84
38 years$1,191$770$483$295$177$74
39 years$1,147$732$452$272$161$65
40 years$1,106$697$424$251$146$58
41 years$1,067$663$398$232$132$51
42 years$1,030$632$373$214$120$45
43 years$995$602$350$197$109$40
44 years$961$574$329$182$99$35
45 years$929$547$308$168$90$31
46 years$899$522$290$155$81$27
47 years$870$498$272$144$74$24
48 years$842$475$256$133$67$21
49 years$815$454$240$123$61$19
50 years$790$434$226$113$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $809,000, adding $4,335 every year, while hoping to spend $51,330 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: 54/35/11 Blend
57$809,000$809,000$809,000$809,000
58$895,990$853,113$840,573$941,627
59$932,766$840,300$814,118$960,286
60$971,573$825,140$785,055$974,639
61$1,012,564$807,462$753,245$989,060
62$1,055,905$787,088$718,539$1,003,565
63$1,101,779$763,827$680,782$1,018,174
64$1,150,385$737,479$639,812$1,032,915
65$1,201,939$707,830$595,461$1,047,819
66$1,256,680$674,657$547,552$1,062,925
67$1,314,867$637,721$495,900$1,078,280
68$1,376,784$596,770$440,314$1,093,939
69$1,442,743$551,538$380,591$1,109,966
70$1,513,083$501,744$316,521$1,126,436
71$1,588,178$447,090$247,885$1,143,438
72$1,668,437$387,262$174,454$1,161,074
73$1,754,307$321,928$95,988$1,179,462
74$1,846,281$250,737$12,238$1,198,736
75$1,944,897$173,318$0$1,219,052
76$2,050,745$89,279$0$1,249,641
77$2,164,476$0$0$1,283,773
78$2,286,800$0$0$1,320,964
79$2,418,500$0$0$1,398,080
80$2,560,435$0$0$1,481,247
81$2,713,547$0$0$1,571,025
82$2,878,873$0$0$1,668,029
83$3,057,552$0$0$1,772,936
84$3,250,834$0$0$1,886,488
85$3,460,096$0$0$2,009,503
86$3,686,849$0$0$2,142,879
87$3,932,757$0$0$2,287,604
88$4,199,647$0$0$2,444,765
89$4,489,531$0$0$2,615,557
90$4,804,621$0$0$2,801,294
91$5,147,351$0$0$3,003,424
92$5,520,398$0$0$3,223,537
93$5,926,708$0$0$3,463,386
94$6,369,524$0$0$3,724,897
95$6,852,413$0$0$4,010,192
96$7,379,302$0$0$4,321,606
97$7,954,515$0$0$4,661,709
98$8,582,809$0$0$5,033,330
99$9,269,422$0$0$5,439,585
100$10,020,121$0$0$5,883,902