Can I retire at age 58 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$66,889$66,293$65,712$65,145$64,591$62,077
2 years$33,113$32,497$31,899$31,319$30,757$28,255
3 years$21,856$21,237$20,641$20,067$19,514$17,102
4 years$16,229$15,611$15,021$14,457$13,917$11,614
5 years$12,853$12,240$11,657$11,104$10,580$8,391
6 years$10,604$9,994$9,421$8,880$8,371$6,299
7 years$8,997$8,393$7,829$7,301$6,808$4,851
8 years$7,793$7,195$6,639$6,125$5,648$3,804
9 years$6,857$6,264$5,718$5,217$4,756$3,023
10 years$6,109$5,522$4,985$4,497$4,053$2,427
11 years$5,497$4,916$4,389$3,914$3,486$1,963
12 years$4,987$4,412$3,895$3,433$3,020$1,598
13 years$4,556$3,987$3,480$3,031$2,634$1,307
14 years$4,187$3,624$3,127$2,690$2,309$1,073
15 years$3,868$3,311$2,823$2,399$2,033$884
16 years$3,589$3,038$2,560$2,148$1,797$730
17 years$3,342$2,797$2,329$1,930$1,593$604
18 years$3,124$2,585$2,126$1,739$1,416$500
19 years$2,929$2,396$1,946$1,572$1,263$415
20 years$2,753$2,226$1,786$1,424$1,128$345
21 years$2,594$2,074$1,643$1,292$1,009$287
22 years$2,450$1,936$1,514$1,175$905$239
23 years$2,319$1,810$1,398$1,070$812$199
24 years$2,199$1,696$1,293$976$730$166
25 years$2,088$1,592$1,198$891$657$138
26 years$1,987$1,496$1,111$815$592$115
27 years$1,892$1,408$1,031$746$533$96
28 years$1,805$1,327$959$683$481$80
29 years$1,724$1,252$892$627$435$67
30 years$1,649$1,182$831$575$393$56
31 years$1,578$1,117$775$528$355$47
32 years$1,512$1,057$723$485$321$39
33 years$1,451$1,001$675$446$291$32
34 years$1,393$949$631$411$263$27
35 years$1,338$900$590$378$238$23
36 years$1,286$854$552$348$216$19
37 years$1,238$811$516$321$196$16
38 years$1,192$771$484$296$177$13
39 years$1,149$733$453$273$161$11
40 years$1,107$698$425$251$146$9
41 years$1,068$664$398$232$132$8
42 years$1,031$632$373$214$120$6
43 years$996$603$350$198$109$5
44 years$962$574$329$183$99$4
45 years$930$548$309$169$90$4
46 years$900$523$290$156$82$3
47 years$871$499$273$144$74$3
48 years$843$476$256$133$67$2
49 years$816$455$241$123$61$2
50 years$791$434$226$114$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $810,000, adding $6,411 every year, while hoping to spend $36,177 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: 44/43/13 Blend
57$810,000$810,000$810,000$810,000
58$899,233$856,303$843,748$935,169
59$952,463$859,770$833,521$964,340
60$1,009,909$862,194$821,740$991,791
61$1,071,965$863,486$808,313$1,020,747
62$1,139,060$863,552$793,146$1,051,363
63$1,211,668$862,290$776,140$1,083,808
64$1,290,309$859,593$757,192$1,118,275
65$1,375,556$855,349$736,194$1,154,973
66$1,468,038$849,436$713,031$1,194,139
67$1,568,446$841,726$687,586$1,236,035
68$1,677,542$832,085$659,735$1,280,952
69$1,796,163$820,369$629,348$1,329,214
70$1,925,230$806,426$596,289$1,381,181
71$2,065,756$790,093$560,417$1,437,252
72$2,218,857$771,201$521,585$1,497,873
73$2,385,759$749,569$479,637$1,563,534
74$2,567,814$725,005$434,412$1,634,784
75$2,766,508$697,307$385,741$1,712,230
76$2,983,476$666,260$333,448$1,796,543
77$3,220,522$631,637$277,350$1,888,472
78$3,479,626$593,199$217,253$1,988,843
79$3,762,974$550,692$152,956$2,098,574
80$4,072,969$503,847$84,252$2,218,682
81$4,412,258$452,381$10,920$2,350,292
82$4,783,755$395,995$0$2,494,653
83$5,190,670$334,371$0$2,662,487
84$5,636,539$267,176$0$2,848,206
85$6,125,253$194,054$0$3,052,023
86$6,661,100$114,635$0$3,275,847
87$7,248,803$28,522$0$3,521,790
88$7,893,562$0$0$3,792,186
89$8,601,106$0$0$4,120,229
90$9,377,744$0$0$4,495,221
91$10,230,429$0$0$4,907,038
92$11,166,816$0$0$5,359,388
93$12,195,341$0$0$5,856,361
94$13,325,295$0$0$6,402,460
95$14,566,914$0$0$7,002,647
96$15,931,475$0$0$7,662,388
97$17,431,402$0$0$8,387,705
98$19,080,381$0$0$9,185,232
99$20,893,491$0$0$10,062,279
100$22,887,346$0$0$11,026,900