Can I retire at age 58 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$67,219$66,621$66,036$65,466$64,910$63,495
2 years$33,277$32,657$32,057$31,474$30,909$29,491
3 years$21,964$21,342$20,743$20,166$19,610$18,233
4 years$16,309$15,688$15,095$14,528$13,986$12,660
5 years$12,917$12,300$11,715$11,159$10,632$9,362
6 years$10,656$10,044$9,467$8,924$8,413$7,199
7 years$9,042$8,435$7,867$7,337$6,842$5,685
8 years$7,832$7,230$6,672$6,155$5,676$4,575
9 years$6,891$6,295$5,747$5,243$4,780$3,735
10 years$6,139$5,549$5,010$4,519$4,073$3,082
11 years$5,524$4,940$4,411$3,933$3,503$2,565
12 years$5,012$4,434$3,914$3,450$3,035$2,149
13 years$4,579$4,007$3,497$3,046$2,647$1,811
14 years$4,208$3,642$3,142$2,704$2,320$1,533
15 years$3,887$3,327$2,837$2,411$2,043$1,302
16 years$3,606$3,053$2,572$2,159$1,806$1,110
17 years$3,359$2,811$2,341$1,940$1,601$948
18 years$3,139$2,598$2,137$1,748$1,423$812
19 years$2,943$2,408$1,956$1,580$1,269$696
20 years$2,767$2,237$1,795$1,431$1,133$598
21 years$2,607$2,084$1,651$1,298$1,014$515
22 years$2,462$1,945$1,522$1,180$909$443
23 years$2,330$1,819$1,405$1,075$816$382
24 years$2,210$1,705$1,300$981$733$330
25 years$2,099$1,600$1,204$895$660$285
26 years$1,996$1,503$1,116$819$595$246
27 years$1,902$1,415$1,037$749$536$213
28 years$1,814$1,333$964$687$484$184
29 years$1,733$1,258$897$630$437$159
30 years$1,657$1,188$835$578$395$138
31 years$1,586$1,123$779$531$357$119
32 years$1,520$1,063$727$488$323$103
33 years$1,458$1,006$678$449$292$89
34 years$1,399$954$634$413$264$77
35 years$1,345$905$593$380$239$67
36 years$1,293$859$554$350$217$58
37 years$1,244$815$519$322$197$50
38 years$1,198$775$486$297$178$44
39 years$1,154$737$455$274$162$38
40 years$1,113$701$427$253$147$33
41 years$1,074$667$400$233$133$28
42 years$1,036$636$375$215$121$25
43 years$1,001$606$352$199$110$21
44 years$967$577$331$183$99$19
45 years$935$550$310$169$90$16
46 years$904$525$292$156$82$14
47 years$875$501$274$145$74$12
48 years$847$478$257$134$68$10
49 years$820$457$242$123$61$9
50 years$795$436$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 $814,000, adding $6,206 every year, while hoping to spend $55,856 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: 48/33/19 Blend
57$814,000$814,000$814,000$814,000
58$903,429$860,287$847,670$941,679
59$936,149$843,011$816,637$951,618
60$970,334$823,016$782,692$956,247
61$1,006,074$800,111$745,679$960,094
62$1,043,469$774,091$705,434$963,106
63$1,082,623$744,741$661,786$965,233
64$1,123,651$711,835$614,557$966,421
65$1,166,678$675,129$563,559$966,617
66$1,211,839$634,370$508,598$965,764
67$1,259,280$589,288$449,470$963,808
68$1,309,161$539,598$385,962$960,693
69$1,361,656$484,998$317,851$956,362
70$1,416,952$425,170$244,906$950,759
71$1,475,255$359,777$166,884$943,830
72$1,536,788$288,464$83,533$935,519
73$1,601,797$210,855$0$925,774
74$1,670,546$126,553$0$915,644
75$1,743,327$35,139$0$922,125
76$1,820,456$0$0$928,280
77$1,902,281$0$0$957,308
78$1,989,181$0$0$1,001,733
79$2,081,570$0$0$1,049,014
80$2,179,901$0$0$1,099,387
81$2,284,671$0$0$1,153,115
82$2,396,425$0$0$1,210,484
83$2,515,756$0$0$1,271,806
84$2,643,319$0$0$1,337,425
85$2,779,829$0$0$1,407,718
86$2,926,069$0$0$1,483,099
87$3,082,901$0$0$1,564,019
88$3,251,268$0$0$1,650,977
89$3,432,207$0$0$1,744,519
90$3,626,855$0$0$1,845,244
91$3,836,461$0$0$1,953,811
92$4,062,396$0$0$2,070,943
93$4,306,167$0$0$2,197,434
94$4,569,429$0$0$2,334,158
95$4,854,001$0$0$2,482,074
96$5,161,881$0$0$2,642,237
97$5,495,268$0$0$2,815,807
98$5,856,577$0$0$3,004,060
99$6,248,464$0$0$3,208,396
100$6,673,850$0$0$3,430,360