Can I retire at age 58 with 813,000?

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 $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%12.5%
1 years$67,137$66,539$65,955$65,386$64,830$64,153
2 years$33,236$32,617$32,017$31,435$30,871$30,190
3 years$21,937$21,316$20,717$20,141$19,586$18,921
4 years$16,289$15,669$15,077$14,510$13,969$13,325
5 years$12,901$12,285$11,700$11,145$10,619$9,998
6 years$10,643$10,032$9,456$8,913$8,402$7,806
7 years$9,031$8,424$7,858$7,328$6,833$6,262
8 years$7,822$7,221$6,664$6,147$5,669$5,121
9 years$6,883$6,287$5,740$5,236$4,774$4,251
10 years$6,131$5,542$5,004$4,514$4,068$3,568
11 years$5,517$4,934$4,405$3,928$3,498$3,022
12 years$5,006$4,428$3,910$3,446$3,032$2,579
13 years$4,573$4,002$3,493$3,042$2,644$2,213
14 years$4,203$3,638$3,138$2,700$2,317$1,909
15 years$3,882$3,323$2,834$2,408$2,040$1,653
16 years$3,602$3,049$2,569$2,156$1,803$1,436
17 years$3,355$2,808$2,338$1,937$1,599$1,252
18 years$3,135$2,595$2,134$1,746$1,422$1,094
19 years$2,939$2,405$1,954$1,578$1,267$958
20 years$2,763$2,234$1,793$1,429$1,132$840
21 years$2,604$2,081$1,649$1,297$1,013$738
22 years$2,459$1,943$1,520$1,179$908$650
23 years$2,328$1,817$1,403$1,074$815$572
24 years$2,207$1,703$1,298$979$733$505
25 years$2,096$1,598$1,202$894$659$445
26 years$1,994$1,502$1,115$818$594$394
27 years$1,900$1,413$1,035$749$535$348
28 years$1,812$1,332$962$686$483$308
29 years$1,731$1,256$896$629$436$272
30 years$1,655$1,186$834$577$394$241
31 years$1,584$1,122$778$530$356$214
32 years$1,518$1,061$726$487$322$189
33 years$1,456$1,005$678$448$292$168
34 years$1,398$952$633$412$264$149
35 years$1,343$903$592$379$239$132
36 years$1,291$857$554$349$217$117
37 years$1,242$814$518$322$196$104
38 years$1,196$774$485$297$178$92
39 years$1,153$736$455$274$161$82
40 years$1,111$700$426$252$146$73
41 years$1,072$667$400$233$133$65
42 years$1,035$635$375$215$121$57
43 years$1,000$605$352$198$109$51
44 years$966$577$330$183$99$45
45 years$934$550$310$169$90$40
46 years$903$524$291$156$82$36
47 years$874$500$274$144$74$32
48 years$846$478$257$133$68$28
49 years$819$456$242$123$61$25
50 years$794$436$227$114$56$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $813,000, adding $3,932 every year, while hoping to spend $21,114 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: 46/24/30 Blend
57$813,000$813,000$813,000$813,000
58$899,982$856,893$844,291$933,444
59$969,315$876,415$850,110$977,132
60$1,045,012$896,187$855,416$1,022,176
61$1,127,701$916,197$860,170$1,070,654
62$1,218,071$936,436$864,330$1,122,901
63$1,316,881$956,889$867,852$1,179,285
64$1,424,970$977,543$870,692$1,240,213
65$1,543,257$998,382$872,800$1,306,132
66$1,672,757$1,019,391$874,127$1,377,537
67$1,814,587$1,040,550$874,619$1,454,974
68$1,969,976$1,061,838$874,220$1,539,042
69$2,140,280$1,083,235$872,873$1,630,406
70$2,326,990$1,104,714$870,515$1,729,796
71$2,531,749$1,126,251$867,083$1,838,018
72$2,756,366$1,147,817$862,510$1,955,963
73$3,002,836$1,169,380$856,724$2,084,611
74$3,273,353$1,190,907$849,652$2,225,044
75$3,570,335$1,212,362$841,216$2,378,454
76$3,896,448$1,233,706$831,335$2,546,157
77$4,254,625$1,254,898$819,924$2,729,604
78$4,648,100$1,275,890$806,895$2,930,394
79$5,080,433$1,296,636$792,153$3,150,293
80$5,555,549$1,317,083$775,601$3,391,244
81$6,077,769$1,337,174$757,138$3,655,395
82$6,651,856$1,356,849$736,656$3,945,110
83$7,283,055$1,376,045$714,044$4,262,999
84$7,977,146$1,394,691$689,185$4,611,937
85$8,740,499$1,412,715$661,956$4,995,097
86$9,580,129$1,430,037$632,230$5,415,975
87$10,503,766$1,446,572$599,874$5,878,428
88$11,519,927$1,462,232$564,747$6,386,708
89$12,637,998$1,476,919$526,704$6,945,502
90$13,868,317$1,490,532$485,592$7,559,980
91$15,222,278$1,502,960$441,252$8,235,838
92$16,712,434$1,514,089$393,518$8,979,361
93$18,352,617$1,523,794$342,215$9,797,475
94$20,158,067$1,531,943$287,163$10,697,815
95$22,145,577$1,538,396$228,170$11,688,802
96$24,333,653$1,543,004$165,040$12,779,717
97$26,742,682$1,545,608$97,566$13,980,791
98$29,395,133$1,546,040$25,533$15,303,304
99$32,315,763$1,544,122$0$16,759,692
100$35,531,849$1,539,663$0$18,380,096