Can I retire at age 58 with 813,000?

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 $813,000?

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$67,137$66,539$65,955$65,386$64,830$63,314
2 years$33,236$32,617$32,017$31,435$30,871$29,353
3 years$21,937$21,316$20,717$20,141$19,586$18,112
4 years$16,289$15,669$15,077$14,510$13,969$12,551
5 years$12,901$12,285$11,700$11,145$10,619$9,261
6 years$10,643$10,032$9,456$8,913$8,402$7,106
7 years$9,031$8,424$7,858$7,328$6,833$5,599
8 years$7,822$7,221$6,664$6,147$5,669$4,495
9 years$6,883$6,287$5,740$5,236$4,774$3,661
10 years$6,131$5,542$5,004$4,514$4,068$3,013
11 years$5,517$4,934$4,405$3,928$3,498$2,502
12 years$5,006$4,428$3,910$3,446$3,032$2,091
13 years$4,573$4,002$3,493$3,042$2,644$1,757
14 years$4,203$3,638$3,138$2,700$2,317$1,483
15 years$3,882$3,323$2,834$2,408$2,040$1,256
16 years$3,602$3,049$2,569$2,156$1,803$1,067
17 years$3,355$2,808$2,338$1,937$1,599$909
18 years$3,135$2,595$2,134$1,746$1,422$776
19 years$2,939$2,405$1,954$1,578$1,267$664
20 years$2,763$2,234$1,793$1,429$1,132$569
21 years$2,604$2,081$1,649$1,297$1,013$488
22 years$2,459$1,943$1,520$1,179$908$419
23 years$2,328$1,817$1,403$1,074$815$360
24 years$2,207$1,703$1,298$979$733$310
25 years$2,096$1,598$1,202$894$659$266
26 years$1,994$1,502$1,115$818$594$229
27 years$1,900$1,413$1,035$749$535$198
28 years$1,812$1,332$962$686$483$170
29 years$1,731$1,256$896$629$436$147
30 years$1,655$1,186$834$577$394$127
31 years$1,584$1,122$778$530$356$109
32 years$1,518$1,061$726$487$322$94
33 years$1,456$1,005$678$448$292$81
34 years$1,398$952$633$412$264$70
35 years$1,343$903$592$379$239$61
36 years$1,291$857$554$349$217$52
37 years$1,242$814$518$322$196$45
38 years$1,196$774$485$297$178$39
39 years$1,153$736$455$274$161$34
40 years$1,111$700$426$252$146$29
41 years$1,072$667$400$233$133$25
42 years$1,035$635$375$215$121$22
43 years$1,000$605$352$198$109$19
44 years$966$577$330$183$99$16
45 years$934$550$310$169$90$14
46 years$903$524$291$156$82$12
47 years$874$500$274$144$74$11
48 years$846$478$257$133$68$9
49 years$819$456$242$123$61$8
50 years$794$436$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 $813,000, adding $4,722 every year, while hoping to spend $38,694 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: 54/30/16 Blend
57$813,000$813,000$813,000$813,000
58$900,797$857,708$845,106$945,348
59$951,508$858,565$832,247$977,128
60$1,006,095$858,168$817,660$1,007,172
61$1,064,912$856,414$801,247$1,039,007
62$1,128,348$853,193$782,905$1,072,814
63$1,196,832$848,392$762,524$1,108,793
64$1,270,833$841,887$739,993$1,147,167
65$1,350,867$833,549$715,192$1,188,182
66$1,437,503$823,241$687,999$1,232,114
67$1,531,365$810,816$658,283$1,279,267
68$1,633,138$796,120$625,909$1,329,977
69$1,743,578$778,989$590,737$1,384,619
70$1,863,514$759,251$552,618$1,443,609
71$1,993,860$736,722$511,398$1,507,406
72$2,135,619$711,207$466,915$1,576,520
73$2,289,897$682,501$419,002$1,651,517
74$2,457,909$650,386$367,481$1,733,022
75$2,640,994$614,633$312,170$1,821,729
76$2,840,623$574,997$252,875$1,918,406
77$3,058,417$531,222$189,397$2,023,903
78$3,296,159$483,036$121,525$2,139,162
79$3,555,814$430,151$49,043$2,265,224
80$3,839,542$372,263$0$2,403,243
81$4,149,722$309,052$0$2,559,327
82$4,488,975$240,177$0$2,739,303
83$4,860,186$165,281$0$2,936,394
84$5,266,530$83,984$0$3,152,371
85$5,711,505$0$0$3,389,189
86$6,198,963$0$0$3,650,365
87$6,733,146$0$0$3,967,033
88$7,318,724$0$0$4,314,248
89$7,960,844$0$0$4,695,070
90$8,665,172$0$0$5,112,869
91$9,437,949$0$0$5,571,360
92$10,286,051$0$0$6,074,632
93$11,217,051$0$0$6,627,190
94$12,239,289$0$0$7,233,996
95$13,361,957$0$0$7,900,518
96$14,595,175$0$0$8,632,778
97$15,950,096$0$0$9,437,410
98$17,439,005$0$0$10,321,724
99$19,075,436$0$0$11,293,771
100$20,874,298$0$0$12,362,422