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%19.2%
1 years$66,806$66,211$65,631$65,064$64,511$62,123
2 years$33,073$32,457$31,860$31,281$30,719$28,341
3 years$21,829$21,211$20,615$20,042$19,490$17,195
4 years$16,209$15,592$15,003$14,439$13,900$11,707
5 years$12,837$12,224$11,643$11,091$10,567$8,481
6 years$10,591$9,982$9,409$8,869$8,361$6,383
7 years$8,986$8,383$7,819$7,292$6,800$4,930
8 years$7,784$7,186$6,631$6,117$5,641$3,878
9 years$6,849$6,257$5,711$5,210$4,751$3,091
10 years$6,101$5,515$4,979$4,491$4,048$2,490
11 years$5,490$4,910$4,384$3,909$3,481$2,021
12 years$4,981$4,407$3,890$3,429$3,017$1,650
13 years$4,551$3,982$3,476$3,027$2,631$1,354
14 years$4,182$3,620$3,123$2,687$2,306$1,116
15 years$3,863$3,307$2,820$2,396$2,030$922
16 years$3,584$3,034$2,556$2,146$1,794$764
17 years$3,338$2,794$2,326$1,928$1,591$634
18 years$3,120$2,582$2,124$1,737$1,415$528
19 years$2,925$2,393$1,944$1,570$1,261$440
20 years$2,750$2,223$1,784$1,422$1,126$367
21 years$2,591$2,071$1,641$1,290$1,008$306
22 years$2,447$1,933$1,512$1,173$903$256
23 years$2,316$1,808$1,397$1,068$811$214
24 years$2,196$1,694$1,292$975$729$179
25 years$2,086$1,590$1,196$890$656$150
26 years$1,984$1,494$1,109$814$591$125
27 years$1,890$1,406$1,030$745$533$105
28 years$1,803$1,325$958$682$481$88
29 years$1,722$1,250$891$626$434$74
30 years$1,647$1,181$830$574$392$62
31 years$1,576$1,116$774$527$355$52
32 years$1,511$1,056$722$485$321$43
33 years$1,449$1,000$674$446$290$36
34 years$1,391$948$630$410$263$30
35 years$1,336$899$589$378$238$26
36 years$1,285$853$551$348$216$21
37 years$1,236$810$516$320$195$18
38 years$1,191$770$483$295$177$15
39 years$1,147$732$452$272$161$13
40 years$1,106$697$424$251$146$11
41 years$1,067$663$398$232$132$9
42 years$1,030$632$373$214$120$7
43 years$995$602$350$197$109$6
44 years$961$574$329$182$99$5
45 years$929$547$308$168$90$4
46 years$899$522$290$155$81$4
47 years$870$498$272$144$74$3
48 years$842$475$256$133$67$3
49 years$815$454$240$123$61$2
50 years$790$434$226$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $809,000, adding $6,011 every year, while hoping to spend $49,356 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: 47/24/29 Blend
57$809,000$809,000$809,000$809,000
58$897,718$854,841$842,302$932,199
59$936,771$844,214$818,005$946,544
60$978,153$831,412$791,239$956,847
61$1,022,050$816,276$761,871$967,089
62$1,068,664$798,639$729,758$977,289
63$1,118,217$778,322$694,755$987,475
64$1,170,952$755,136$656,706$997,678
65$1,227,135$728,883$615,451$1,007,936
66$1,287,055$699,351$570,821$1,018,299
67$1,351,032$666,317$522,641$1,028,820
68$1,419,415$629,543$470,727$1,039,568
69$1,492,585$588,782$414,886$1,050,620
70$1,570,964$543,767$354,920$1,062,066
71$1,655,010$494,219$290,618$1,074,012
72$1,745,229$439,844$221,761$1,086,580
73$1,842,175$380,329$148,123$1,099,909
74$1,946,455$315,343$69,464$1,114,162
75$2,058,738$244,540$0$1,129,520
76$2,179,757$167,550$0$1,150,676
77$2,310,318$83,985$0$1,196,614
78$2,451,304$0$0$1,246,174
79$2,603,689$0$0$1,301,483
80$2,768,542$0$0$1,385,383
81$2,947,036$0$0$1,476,303
82$3,140,464$0$0$1,574,910
83$3,350,247$0$0$1,681,937
84$3,577,944$0$0$1,798,192
85$3,825,275$0$0$1,924,564
86$4,094,129$0$0$2,062,028
87$4,386,584$0$0$2,211,660
88$4,704,928$0$0$2,374,642
89$5,051,676$0$0$2,552,277
90$5,429,598$0$0$2,745,996
91$5,841,742$0$0$2,957,376
92$6,291,462$0$0$3,188,153
93$6,782,450$0$0$3,440,236
94$7,318,770$0$0$3,715,728
95$7,904,897$0$0$4,016,946
96$8,545,757$0$0$4,346,437
97$9,246,773$0$0$4,707,009
98$10,013,917$0$0$5,101,753
99$10,853,765$0$0$5,534,071
100$11,773,558$0$0$6,007,711