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%12.1%
1 years$66,889$66,293$65,712$65,145$64,591$64,023
2 years$33,113$32,497$31,899$31,319$30,757$30,185
3 years$21,856$21,237$20,641$20,067$19,514$18,955
4 years$16,229$15,611$15,021$14,457$13,917$13,376
5 years$12,853$12,240$11,657$11,104$10,580$10,058
6 years$10,604$9,994$9,421$8,880$8,371$7,869
7 years$8,997$8,393$7,829$7,301$6,808$6,326
8 years$7,793$7,195$6,639$6,125$5,648$5,186
9 years$6,857$6,264$5,718$5,217$4,756$4,315
10 years$6,109$5,522$4,985$4,497$4,053$3,631
11 years$5,497$4,916$4,389$3,914$3,486$3,083
12 years$4,987$4,412$3,895$3,433$3,020$2,637
13 years$4,556$3,987$3,480$3,031$2,634$2,269
14 years$4,187$3,624$3,127$2,690$2,309$1,962
15 years$3,868$3,311$2,823$2,399$2,033$1,704
16 years$3,589$3,038$2,560$2,148$1,797$1,484
17 years$3,342$2,797$2,329$1,930$1,593$1,297
18 years$3,124$2,585$2,126$1,739$1,416$1,137
19 years$2,929$2,396$1,946$1,572$1,263$998
20 years$2,753$2,226$1,786$1,424$1,128$878
21 years$2,594$2,074$1,643$1,292$1,009$774
22 years$2,450$1,936$1,514$1,175$905$683
23 years$2,319$1,810$1,398$1,070$812$604
24 years$2,199$1,696$1,293$976$730$534
25 years$2,088$1,592$1,198$891$657$473
26 years$1,987$1,496$1,111$815$592$419
27 years$1,892$1,408$1,031$746$533$372
28 years$1,805$1,327$959$683$481$330
29 years$1,724$1,252$892$627$435$293
30 years$1,649$1,182$831$575$393$260
31 years$1,578$1,117$775$528$355$231
32 years$1,512$1,057$723$485$321$206
33 years$1,451$1,001$675$446$291$183
34 years$1,393$949$631$411$263$163
35 years$1,338$900$590$378$238$145
36 years$1,286$854$552$348$216$129
37 years$1,238$811$516$321$196$115
38 years$1,192$771$484$296$177$102
39 years$1,149$733$453$273$161$91
40 years$1,107$698$425$251$146$81
41 years$1,068$664$398$232$132$72
42 years$1,031$632$373$214$120$64
43 years$996$603$350$198$109$57
44 years$962$574$329$183$99$51
45 years$930$548$309$169$90$46
46 years$900$523$290$156$82$41
47 years$871$499$273$144$74$36
48 years$843$476$256$133$67$32
49 years$816$455$241$123$61$29
50 years$791$434$226$114$55$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $810,000, adding $2,432 every year, while hoping to spend $54,741 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: 63/31/6 Blend
57$810,000$810,000$810,000$810,000
58$895,129$852,199$839,644$950,440
59$928,188$835,712$809,528$971,112
60$962,784$816,584$776,568$987,016
61$999,017$794,625$740,612$1,002,955
62$1,036,993$769,638$701,499$1,018,929
63$1,076,830$741,414$659,063$1,034,940
64$1,118,653$709,729$613,127$1,050,993
65$1,162,599$674,350$563,511$1,067,096
66$1,208,818$635,027$510,022$1,083,260
67$1,257,472$591,497$452,462$1,099,499
68$1,308,737$543,483$390,623$1,115,834
69$1,362,805$490,692$324,286$1,132,288
70$1,419,887$432,811$253,225$1,148,893
71$1,480,211$369,514$177,203$1,165,686
72$1,544,025$300,453$95,973$1,182,711
73$1,611,603$225,263$9,276$1,200,025
74$1,683,242$143,556$0$1,217,689
75$1,759,267$54,924$0$1,241,110
76$1,840,032$0$0$1,266,026
77$1,925,927$0$0$1,305,973
78$2,017,377$0$0$1,368,483
79$2,114,848$0$0$1,435,142
80$2,218,849$0$0$1,506,303
81$2,329,939$0$0$1,582,353
82$2,448,731$0$0$1,663,715
83$2,575,895$0$0$1,750,855
84$2,712,168$0$0$1,844,283
85$2,858,357$0$0$1,944,559
86$3,015,348$0$0$2,052,295
87$3,184,114$0$0$2,168,166
88$3,365,721$0$0$2,292,912
89$3,561,342$0$0$2,427,345
90$3,772,265$0$0$2,572,358
91$3,999,903$0$0$2,728,931
92$4,245,811$0$0$2,898,142
93$4,511,696$0$0$3,081,174
94$4,799,434$0$0$3,279,329
95$5,111,090$0$0$3,494,038
96$5,448,931$0$0$3,726,874
97$5,815,452$0$0$3,979,568
98$6,213,396$0$0$4,254,022
99$6,645,780$0$0$4,552,329
100$7,115,924$0$0$4,876,792