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%15.4%
1 years$67,054$66,457$65,874$65,305$64,750$63,313
2 years$33,195$32,577$31,978$31,397$30,833$29,393
3 years$21,910$21,289$20,692$20,116$19,562$18,164
4 years$16,269$15,650$15,058$14,493$13,952$12,606
5 years$12,885$12,270$11,686$11,132$10,606$9,316
6 years$10,630$10,019$9,444$8,902$8,392$7,160
7 years$9,020$8,414$7,848$7,319$6,825$5,651
8 years$7,812$7,212$6,656$6,140$5,662$4,545
9 years$6,874$6,280$5,733$5,230$4,768$3,708
10 years$6,124$5,535$4,998$4,508$4,063$3,058
11 years$5,510$4,928$4,400$3,923$3,494$2,543
12 years$5,000$4,423$3,905$3,441$3,028$2,130
13 years$4,568$3,997$3,489$3,038$2,640$1,793
14 years$4,198$3,633$3,135$2,697$2,315$1,517
15 years$3,877$3,319$2,830$2,405$2,038$1,288
16 years$3,597$3,045$2,566$2,154$1,801$1,096
17 years$3,351$2,804$2,335$1,935$1,597$936
18 years$3,132$2,591$2,131$1,744$1,420$801
19 years$2,936$2,402$1,951$1,576$1,266$687
20 years$2,760$2,232$1,791$1,427$1,131$589
21 years$2,601$2,079$1,647$1,295$1,012$507
22 years$2,456$1,940$1,518$1,178$907$436
23 years$2,325$1,815$1,402$1,072$814$376
24 years$2,204$1,700$1,296$978$732$324
25 years$2,093$1,596$1,201$893$658$279
26 years$1,991$1,500$1,114$817$593$241
27 years$1,897$1,411$1,034$748$535$208
28 years$1,810$1,330$961$685$482$180
29 years$1,729$1,255$895$628$436$156
30 years$1,653$1,185$833$576$394$135
31 years$1,582$1,120$777$529$356$116
32 years$1,516$1,060$725$487$322$101
33 years$1,454$1,004$677$447$291$87
34 years$1,396$951$632$412$264$75
35 years$1,341$902$591$379$239$65
36 years$1,290$856$553$349$216$57
37 years$1,241$813$518$322$196$49
38 years$1,195$773$485$296$178$42
39 years$1,151$735$454$273$161$37
40 years$1,110$699$426$252$146$32
41 years$1,071$666$399$233$133$28
42 years$1,034$634$374$215$120$24
43 years$998$604$351$198$109$21
44 years$965$576$330$183$99$18
45 years$933$549$310$169$90$16
46 years$902$524$291$156$82$13
47 years$873$500$273$144$74$12
48 years$845$477$257$133$67$10
49 years$818$456$241$123$61$9
50 years$793$435$227$114$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $812,000, adding $6,491 every year, while hoping to spend $33,325 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: 53/32/15 Blend
57$812,000$812,000$812,000$812,000
58$901,519$858,483$845,897$945,352
59$958,017$865,092$838,777$982,616
60$1,019,160$870,907$830,302$1,019,049
61$1,085,388$875,855$820,391$1,057,940
62$1,157,183$879,856$808,959$1,099,533
63$1,235,074$882,829$795,918$1,144,094
64$1,319,647$884,682$781,176$1,191,921
65$1,411,541$885,322$764,636$1,243,341
66$1,511,464$884,648$746,197$1,298,717
67$1,620,191$882,553$725,752$1,358,451
68$1,738,576$878,924$703,190$1,422,987
69$1,867,560$873,641$678,397$1,492,815
70$2,008,178$866,576$651,250$1,568,477
71$2,161,568$857,594$621,622$1,650,575
72$2,328,982$846,551$589,381$1,739,772
73$2,511,802$833,295$554,389$1,836,800
74$2,711,545$817,666$516,500$1,942,471
75$2,929,883$799,492$475,564$2,057,680
76$3,168,657$778,593$431,421$2,183,417
77$3,429,894$754,778$383,907$2,320,776
78$3,715,825$727,844$332,850$2,470,967
79$4,028,908$697,577$278,069$2,635,324
80$4,371,848$663,750$219,376$2,815,323
81$4,747,626$626,123$156,575$3,012,593
82$5,159,524$584,443$89,459$3,228,936
83$5,611,155$538,441$17,816$3,466,338
84$6,106,502$487,833$0$3,726,995
85$6,649,949$432,321$0$4,022,717
86$7,246,327$371,587$0$4,350,449
87$7,900,954$305,297$0$4,710,331
88$8,619,691$233,096$0$5,105,667
89$9,408,994$154,613$0$5,540,102
90$10,275,974$69,451$0$6,017,656
91$11,228,465$0$0$6,542,765
92$12,275,097$0$0$7,128,351
93$13,425,377$0$0$7,798,891
94$14,689,779$0$0$8,536,044
95$16,079,843$0$0$9,346,550
96$17,608,283$0$0$10,237,831
97$19,289,105$0$0$11,218,069
98$21,137,741$0$0$12,296,273
99$23,171,194$0$0$13,482,375
100$25,408,197$0$0$14,787,313