Can I retire at age 58 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$66,972$66,375$65,793$65,225$64,670$62,903
2 years$33,154$32,537$31,938$31,358$30,795$29,028
3 years$21,883$21,263$20,666$20,091$19,538$17,825
4 years$16,249$15,631$15,040$14,475$13,935$12,290
5 years$12,869$12,255$11,671$11,118$10,593$9,021
6 years$10,617$10,007$9,432$8,891$8,382$6,884
7 years$9,008$8,404$7,838$7,310$6,817$5,393
8 years$7,803$7,204$6,647$6,132$5,655$4,305
9 years$6,866$6,272$5,725$5,223$4,762$3,485
10 years$6,116$5,528$4,992$4,502$4,058$2,851
11 years$5,504$4,922$4,395$3,918$3,490$2,351
12 years$4,993$4,417$3,900$3,437$3,024$1,952
13 years$4,562$3,992$3,484$3,034$2,637$1,630
14 years$4,193$3,629$3,131$2,694$2,312$1,366
15 years$3,873$3,315$2,827$2,402$2,035$1,149
16 years$3,593$3,041$2,563$2,151$1,799$970
17 years$3,347$2,801$2,332$1,933$1,595$820
18 years$3,128$2,588$2,129$1,742$1,418$695
19 years$2,932$2,399$1,949$1,574$1,264$590
20 years$2,756$2,229$1,789$1,425$1,129$501
21 years$2,597$2,076$1,645$1,294$1,010$427
22 years$2,453$1,938$1,516$1,176$906$364
23 years$2,322$1,813$1,400$1,071$813$310
24 years$2,201$1,698$1,295$977$731$265
25 years$2,091$1,594$1,199$892$658$226
26 years$1,989$1,498$1,112$816$592$193
27 years$1,895$1,410$1,033$747$534$165
28 years$1,808$1,328$960$684$482$141
29 years$1,726$1,253$893$627$435$121
30 years$1,651$1,183$832$576$393$103
31 years$1,580$1,119$776$529$355$88
32 years$1,514$1,059$724$486$322$76
33 years$1,452$1,003$676$447$291$65
34 years$1,394$950$632$411$263$55
35 years$1,340$901$590$379$239$47
36 years$1,288$855$552$349$216$41
37 years$1,239$812$517$321$196$35
38 years$1,193$772$484$296$178$30
39 years$1,150$734$454$273$161$26
40 years$1,109$698$425$252$146$22
41 years$1,070$665$399$232$133$19
42 years$1,033$633$374$214$120$16
43 years$997$603$351$198$109$14
44 years$964$575$329$183$99$12
45 years$932$548$309$169$90$10
46 years$901$523$290$156$82$9
47 years$872$499$273$144$74$7
48 years$844$477$256$133$67$6
49 years$817$455$241$123$61$5
50 years$792$435$227$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $811,000, adding $3,657 every year, while hoping to spend $38,810 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: 55/15/30 Blend
57$811,000$811,000$811,000$811,000
58$897,494$854,511$841,941$939,195
59$947,745$855,089$828,852$968,997
60$1,001,821$854,394$814,024$997,161
61$1,060,070$852,323$797,358$1,027,072
62$1,122,878$848,767$778,750$1,058,912
63$1,190,664$843,609$758,090$1,092,885
64$1,263,891$836,726$735,266$1,129,217
65$1,343,069$827,986$710,159$1,168,158
66$1,428,756$817,252$682,643$1,209,988
67$1,521,567$804,375$652,590$1,255,016
68$1,622,178$789,200$619,862$1,303,584
69$1,731,332$771,563$584,319$1,356,073
70$1,849,846$751,287$545,812$1,412,904
71$1,978,618$728,188$504,184$1,474,547
72$2,118,638$702,070$459,276$1,541,518
73$2,270,993$672,726$410,915$1,614,392
74$2,436,881$639,936$358,927$1,693,806
75$2,617,617$603,468$303,126$1,780,463
76$2,814,653$563,076$243,320$1,875,145
77$3,029,582$518,501$179,306$1,978,714
78$3,264,161$469,469$110,874$2,092,127
79$3,520,322$415,690$37,805$2,216,441
80$3,800,193$356,857$0$2,352,827
81$4,106,116$292,646$0$2,515,440
82$4,440,670$222,716$0$2,706,600
83$4,806,693$146,704$0$2,915,859
84$5,207,313$64,229$0$3,145,049
85$5,645,972$0$0$3,396,194
86$6,126,460$0$0$3,675,669
87$6,652,953$0$0$3,993,593
88$7,230,049$0$0$4,342,150
89$7,862,811$0$0$4,724,407
90$8,556,817$0$0$5,143,745
91$9,318,209$0$0$5,603,885
92$10,153,754$0$0$6,108,926
93$11,070,904$0$0$6,663,385
94$12,077,871$0$0$7,272,237
95$13,183,696$0$0$7,940,961
96$14,398,343$0$0$8,675,593
97$15,732,787$0$0$9,482,785
98$17,199,116$0$0$10,369,863
99$18,810,651$0$0$11,344,897
100$20,582,065$0$0$12,416,779