Can I retire at age 58 with 812,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$67,054$66,457$65,874$65,305$64,750$63,236
2 years$33,195$32,577$31,978$31,397$30,833$29,317
3 years$21,910$21,289$20,692$20,116$19,562$18,090
4 years$16,269$15,650$15,058$14,493$13,952$12,536
5 years$12,885$12,270$11,686$11,132$10,606$9,250
6 years$10,630$10,019$9,444$8,902$8,392$7,097
7 years$9,020$8,414$7,848$7,319$6,825$5,592
8 years$7,812$7,212$6,656$6,140$5,662$4,490
9 years$6,874$6,280$5,733$5,230$4,768$3,656
10 years$6,124$5,535$4,998$4,508$4,063$3,010
11 years$5,510$4,928$4,400$3,923$3,494$2,499
12 years$5,000$4,423$3,905$3,441$3,028$2,088
13 years$4,568$3,997$3,489$3,038$2,640$1,755
14 years$4,198$3,633$3,135$2,697$2,315$1,481
15 years$3,877$3,319$2,830$2,405$2,038$1,255
16 years$3,597$3,045$2,566$2,154$1,801$1,066
17 years$3,351$2,804$2,335$1,935$1,597$908
18 years$3,132$2,591$2,131$1,744$1,420$775
19 years$2,936$2,402$1,951$1,576$1,266$663
20 years$2,760$2,232$1,791$1,427$1,131$568
21 years$2,601$2,079$1,647$1,295$1,012$487
22 years$2,456$1,940$1,518$1,178$907$418
23 years$2,325$1,815$1,402$1,072$814$359
24 years$2,204$1,700$1,296$978$732$309
25 years$2,093$1,596$1,201$893$658$266
26 years$1,991$1,500$1,114$817$593$229
27 years$1,897$1,411$1,034$748$535$197
28 years$1,810$1,330$961$685$482$170
29 years$1,729$1,255$895$628$436$147
30 years$1,653$1,185$833$576$394$127
31 years$1,582$1,120$777$529$356$109
32 years$1,516$1,060$725$487$322$94
33 years$1,454$1,004$677$447$291$81
34 years$1,396$951$632$412$264$70
35 years$1,341$902$591$379$239$61
36 years$1,290$856$553$349$216$52
37 years$1,241$813$518$322$196$45
38 years$1,195$773$485$296$178$39
39 years$1,151$735$454$273$161$34
40 years$1,110$699$426$252$146$29
41 years$1,071$666$399$233$133$25
42 years$1,034$634$374$215$120$22
43 years$998$604$351$198$109$19
44 years$965$576$330$183$99$16
45 years$933$549$310$169$90$14
46 years$902$524$291$156$82$12
47 years$873$500$273$144$74$10
48 years$845$477$257$133$67$9
49 years$818$456$241$123$61$8
50 years$793$435$227$114$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $812,000, adding $3,495 every year, while hoping to spend $39,346 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: 59/15/26 Blend
57$812,000$812,000$812,000$812,000
58$898,429$855,393$842,807$944,933
59$948,205$855,444$829,177$977,108
60$1,001,739$854,178$813,772$1,007,677
61$1,059,374$851,490$796,491$1,040,187
62$1,121,484$847,267$777,227$1,074,836
63$1,188,482$841,390$755,871$1,111,844
64$1,260,822$833,732$732,307$1,151,454
65$1,338,999$824,158$706,413$1,193,937
66$1,423,563$812,528$678,064$1,239,591
67$1,515,113$798,689$647,126$1,288,750
68$1,614,312$782,482$613,462$1,341,780
69$1,721,886$763,737$576,926$1,399,088
70$1,838,634$742,276$537,369$1,461,126
71$1,965,435$717,908$494,631$1,528,392
72$2,103,257$690,433$448,549$1,601,441
73$2,253,163$659,638$398,949$1,680,884
74$2,416,323$625,298$345,652$1,767,398
75$2,594,027$587,176$288,470$1,861,734
76$2,787,690$545,020$227,206$1,964,719
77$2,998,872$498,564$161,655$2,077,272
78$3,229,291$447,527$91,604$2,200,407
79$3,480,834$391,612$16,829$2,335,246
80$3,755,584$330,505$0$2,483,030
81$4,055,828$263,875$0$2,662,598
82$4,384,088$191,371$0$2,864,115
83$4,743,140$112,623$0$3,084,655
84$5,136,039$27,240$0$3,326,140
85$5,566,151$0$0$3,590,695
86$6,037,180$0$0$3,891,420
87$6,553,207$0$0$4,225,865
88$7,118,727$0$0$4,592,455
89$7,738,688$0$0$4,994,407
90$8,418,541$0$0$5,435,265
91$9,164,291$0$0$5,918,929
92$9,982,549$0$0$6,449,700
93$10,880,600$0$0$7,032,311
94$11,866,467$0$0$7,671,978
95$12,948,987$0$0$8,374,445
96$14,137,898$0$0$9,146,042
97$15,443,922$0$0$9,993,739
98$16,878,876$0$0$10,925,219
99$18,455,775$0$0$11,948,940
100$20,188,958$0$0$13,074,226