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%11.9%
1 years$66,972$66,375$65,793$65,225$64,670$64,155
2 years$33,154$32,537$31,938$31,358$30,795$30,276
3 years$21,883$21,263$20,666$20,091$19,538$19,031
4 years$16,249$15,631$15,040$14,475$13,935$13,443
5 years$12,869$12,255$11,671$11,118$10,593$10,119
6 years$10,617$10,007$9,432$8,891$8,382$7,926
7 years$9,008$8,404$7,838$7,310$6,817$6,379
8 years$7,803$7,204$6,647$6,132$5,655$5,235
9 years$6,866$6,272$5,725$5,223$4,762$4,360
10 years$6,116$5,528$4,992$4,502$4,058$3,674
11 years$5,504$4,922$4,395$3,918$3,490$3,123
12 years$4,993$4,417$3,900$3,437$3,024$2,675
13 years$4,562$3,992$3,484$3,034$2,637$2,304
14 years$4,193$3,629$3,131$2,694$2,312$1,995
15 years$3,873$3,315$2,827$2,402$2,035$1,735
16 years$3,593$3,041$2,563$2,151$1,799$1,514
17 years$3,347$2,801$2,332$1,933$1,595$1,325
18 years$3,128$2,588$2,129$1,742$1,418$1,162
19 years$2,932$2,399$1,949$1,574$1,264$1,022
20 years$2,756$2,229$1,789$1,425$1,129$901
21 years$2,597$2,076$1,645$1,294$1,010$795
22 years$2,453$1,938$1,516$1,176$906$703
23 years$2,322$1,813$1,400$1,071$813$622
24 years$2,201$1,698$1,295$977$731$551
25 years$2,091$1,594$1,199$892$658$489
26 years$1,989$1,498$1,112$816$592$434
27 years$1,895$1,410$1,033$747$534$385
28 years$1,808$1,328$960$684$482$342
29 years$1,726$1,253$893$627$435$305
30 years$1,651$1,183$832$576$393$271
31 years$1,580$1,119$776$529$355$241
32 years$1,514$1,059$724$486$322$215
33 years$1,452$1,003$676$447$291$191
34 years$1,394$950$632$411$263$171
35 years$1,340$901$590$379$239$152
36 years$1,288$855$552$349$216$136
37 years$1,239$812$517$321$196$121
38 years$1,193$772$484$296$178$108
39 years$1,150$734$454$273$161$96
40 years$1,109$698$425$252$146$86
41 years$1,070$665$399$232$133$77
42 years$1,033$633$374$214$120$69
43 years$997$603$351$198$109$61
44 years$964$575$329$183$99$55
45 years$932$548$309$169$90$49
46 years$901$523$290$156$82$44
47 years$872$499$273$144$74$39
48 years$844$477$256$133$67$35
49 years$817$455$241$123$61$31
50 years$792$435$227$114$56$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $811,000, adding $6,698 every year, while hoping to spend $22,836 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: 45/46/9 Blend
57$811,000$811,000$811,000$811,000
58$900,631$857,648$845,077$938,584
59$968,198$875,375$849,090$983,247
60$1,041,892$893,206$852,472$1,028,765
61$1,122,312$911,121$855,178$1,077,599
62$1,210,122$929,099$857,160$1,130,061
63$1,306,048$947,119$858,368$1,186,498
64$1,410,891$965,155$858,750$1,247,291
65$1,525,536$983,181$858,252$1,312,859
66$1,650,952$1,001,168$856,815$1,383,664
67$1,788,209$1,019,085$854,378$1,460,218
68$1,938,486$1,036,900$850,880$1,543,081
69$2,103,079$1,054,576$846,252$1,632,874
70$2,283,418$1,072,074$840,425$1,730,280
71$2,481,074$1,089,354$833,327$1,836,052
72$2,697,780$1,106,369$824,881$1,951,021
73$2,935,446$1,123,073$815,006$2,076,103
74$3,196,171$1,139,413$803,619$2,212,307
75$3,482,272$1,155,336$790,631$2,360,747
76$3,796,298$1,170,782$775,952$2,522,650
77$4,141,058$1,185,688$759,484$2,699,370
78$4,519,646$1,199,987$741,127$2,892,400
79$4,935,470$1,213,606$720,775$3,103,384
80$5,392,286$1,226,470$698,318$3,334,139
81$5,894,228$1,238,496$673,641$3,586,665
82$6,445,854$1,249,598$646,622$3,863,169
83$7,052,184$1,259,681$617,137$4,166,082
84$7,718,749$1,268,647$585,053$4,498,089
85$8,451,641$1,276,391$550,233$4,862,147
86$9,257,574$1,282,800$512,531$5,261,517
87$10,143,944$1,287,754$471,798$5,699,797
88$11,118,900$1,291,128$427,877$6,180,950
89$12,191,420$1,292,786$380,603$6,709,350
90$13,371,397$1,292,584$329,805$7,289,817
91$14,669,729$1,290,370$275,304$7,927,665
92$16,098,427$1,285,983$216,911$8,628,756
93$17,670,721$1,279,251$154,433$9,399,549
94$19,401,193$1,269,993$87,664$10,247,169
95$21,305,907$1,258,015$16,393$11,179,469
96$23,402,564$1,243,112$0$12,205,108
97$25,710,668$1,225,067$0$13,339,362
98$28,251,713$1,203,652$0$14,589,078
99$31,049,378$1,178,621$0$15,964,307
100$34,129,759$1,149,718$0$17,477,864