Can I retire at age 58 with 812,000?

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 $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%11.1%
1 years$67,054$66,457$65,874$65,305$64,750$64,450
2 years$33,195$32,577$31,978$31,397$30,833$30,531
3 years$21,910$21,289$20,692$20,116$19,562$19,266
4 years$16,269$15,650$15,058$14,493$13,952$13,664
5 years$12,885$12,270$11,686$11,132$10,606$10,328
6 years$10,630$10,019$9,444$8,902$8,392$8,124
7 years$9,020$8,414$7,848$7,319$6,825$6,568
8 years$7,812$7,212$6,656$6,140$5,662$5,415
9 years$6,874$6,280$5,733$5,230$4,768$4,531
10 years$6,124$5,535$4,998$4,508$4,063$3,836
11 years$5,510$4,928$4,400$3,923$3,494$3,277
12 years$5,000$4,423$3,905$3,441$3,028$2,820
13 years$4,568$3,997$3,489$3,038$2,640$2,442
14 years$4,198$3,633$3,135$2,697$2,315$2,126
15 years$3,877$3,319$2,830$2,405$2,038$1,858
16 years$3,597$3,045$2,566$2,154$1,801$1,630
17 years$3,351$2,804$2,335$1,935$1,597$1,435
18 years$3,132$2,591$2,131$1,744$1,420$1,266
19 years$2,936$2,402$1,951$1,576$1,266$1,120
20 years$2,760$2,232$1,791$1,427$1,131$992
21 years$2,601$2,079$1,647$1,295$1,012$881
22 years$2,456$1,940$1,518$1,178$907$783
23 years$2,325$1,815$1,402$1,072$814$697
24 years$2,204$1,700$1,296$978$732$622
25 years$2,093$1,596$1,201$893$658$555
26 years$1,991$1,500$1,114$817$593$496
27 years$1,897$1,411$1,034$748$535$443
28 years$1,810$1,330$961$685$482$396
29 years$1,729$1,255$895$628$436$355
30 years$1,653$1,185$833$576$394$318
31 years$1,582$1,120$777$529$356$285
32 years$1,516$1,060$725$487$322$255
33 years$1,454$1,004$677$447$291$229
34 years$1,396$951$632$412$264$205
35 years$1,341$902$591$379$239$184
36 years$1,290$856$553$349$216$165
37 years$1,241$813$518$322$196$149
38 years$1,195$773$485$296$178$133
39 years$1,151$735$454$273$161$120
40 years$1,110$699$426$252$146$108
41 years$1,071$666$399$233$133$97
42 years$1,034$634$374$215$120$87
43 years$998$604$351$198$109$78
44 years$965$576$330$183$99$70
45 years$933$549$310$169$90$63
46 years$902$524$291$156$82$57
47 years$873$500$273$144$74$51
48 years$845$477$257$133$67$46
49 years$818$456$241$123$61$41
50 years$793$435$227$114$56$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $812,000, adding $2,459 every year, while hoping to spend $39,980 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: 42/44/14 Blend
57$812,000$812,000$812,000$812,000
58$897,360$854,324$841,738$931,272
59$946,353$853,648$827,398$954,675
60$999,002$851,598$811,238$975,852
61$1,055,640$848,066$793,154$997,914
62$1,116,629$842,935$773,038$1,020,962
63$1,182,369$836,082$750,778$1,045,107
64$1,253,296$827,376$726,255$1,070,473
65$1,329,894$816,679$699,346$1,097,203
66$1,412,691$803,844$669,922$1,125,455
67$1,502,268$788,715$637,847$1,155,405
68$1,599,264$771,127$602,980$1,187,255
69$1,704,383$750,906$565,174$1,221,228
70$1,818,397$727,867$524,274$1,257,572
71$1,942,155$701,815$480,119$1,296,569
72$2,076,593$672,542$432,541$1,338,531
73$2,222,738$639,829$381,363$1,383,808
74$2,381,721$603,444$326,403$1,432,789
75$2,554,787$563,143$267,468$1,485,909
76$2,743,305$518,667$204,357$1,543,655
77$2,948,781$469,741$136,863$1,606,566
78$3,172,874$416,075$64,765$1,675,246
79$3,417,409$357,365$0$1,750,364
80$3,684,396$293,286$0$1,834,487
81$3,976,044$223,498$0$1,937,067
82$4,294,790$147,638$0$2,049,382
83$4,643,313$65,327$0$2,172,494
84$5,024,565$0$0$2,307,584
85$5,441,795$0$0$2,467,502
86$5,898,582$0$0$2,677,309
87$6,398,864$0$0$2,907,197
88$6,946,983$0$0$3,159,173
89$7,547,716$0$0$3,435,447
90$8,206,326$0$0$3,738,453
91$8,928,609$0$0$4,070,872
92$9,720,951$0$0$4,435,658
93$10,590,383$0$0$4,836,062
94$11,544,650$0$0$5,275,669
95$12,592,285$0$0$5,758,426
96$13,742,686$0$0$6,288,679
97$15,006,207$0$0$6,871,219
98$16,394,253$0$0$7,511,324
99$17,919,387$0$0$8,214,804
100$19,595,453$0$0$8,988,066