Can I retire at age 58 with 815,000?

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 $815,000?

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$67,302$66,702$66,118$65,547$64,989$64,688
2 years$33,318$32,697$32,096$31,513$30,947$30,643
3 years$21,991$21,368$20,768$20,191$19,634$19,337
4 years$16,329$15,708$15,114$14,546$14,003$13,715
5 years$12,933$12,315$11,729$11,173$10,645$10,366
6 years$10,669$10,056$9,479$8,935$8,423$8,154
7 years$9,053$8,445$7,877$7,346$6,850$6,592
8 years$7,841$7,239$6,680$6,162$5,683$5,435
9 years$6,899$6,303$5,754$5,249$4,786$4,548
10 years$6,146$5,556$5,016$4,525$4,078$3,850
11 years$5,531$4,946$4,416$3,938$3,507$3,289
12 years$5,018$4,439$3,919$3,454$3,039$2,831
13 years$4,584$4,012$3,502$3,049$2,650$2,451
14 years$4,213$3,647$3,146$2,707$2,323$2,134
15 years$3,892$3,331$2,841$2,414$2,045$1,865
16 years$3,611$3,056$2,575$2,162$1,808$1,636
17 years$3,363$2,815$2,344$1,942$1,603$1,440
18 years$3,143$2,601$2,139$1,750$1,425$1,271
19 years$2,947$2,411$1,958$1,581$1,270$1,124
20 years$2,770$2,240$1,797$1,432$1,135$996
21 years$2,610$2,086$1,653$1,300$1,015$884
22 years$2,465$1,948$1,524$1,182$910$786
23 years$2,333$1,822$1,407$1,076$817$700
24 years$2,212$1,707$1,301$982$734$624
25 years$2,101$1,602$1,205$897$661$557
26 years$1,999$1,505$1,118$820$595$497
27 years$1,904$1,417$1,038$750$537$445
28 years$1,816$1,335$965$688$484$398
29 years$1,735$1,259$898$630$437$356
30 years$1,659$1,189$836$579$395$319
31 years$1,588$1,124$780$531$357$286
32 years$1,522$1,064$727$488$323$256
33 years$1,460$1,007$679$449$292$230
34 years$1,401$955$635$413$265$206
35 years$1,346$906$593$380$240$185
36 years$1,294$860$555$350$217$166
37 years$1,246$816$520$323$197$149
38 years$1,199$776$487$298$179$134
39 years$1,156$738$456$274$162$120
40 years$1,114$702$427$253$147$108
41 years$1,075$668$401$233$133$97
42 years$1,038$636$376$215$121$87
43 years$1,002$606$353$199$110$79
44 years$968$578$331$184$100$71
45 years$936$551$311$170$90$64
46 years$905$526$292$157$82$57
47 years$876$502$274$145$75$51
48 years$848$479$258$134$68$46
49 years$821$457$242$124$61$42
50 years$796$437$228$114$56$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $815,000, adding $6,762 every year, while hoping to spend $25,305 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: 49/23/28 Blend
57$815,000$815,000$815,000$815,000
58$905,105$861,910$849,278$941,963
59$970,501$877,219$850,804$983,805
60$1,041,720$892,431$851,533$1,026,203
61$1,119,328$907,512$851,413$1,071,776
62$1,203,950$922,431$850,385$1,120,835
63$1,296,273$937,149$848,393$1,173,728
64$1,397,052$951,629$845,373$1,230,834
65$1,507,120$965,828$841,262$1,292,575
66$1,627,394$979,701$835,992$1,359,415
67$1,758,882$993,200$829,491$1,431,866
68$1,902,694$1,006,274$821,686$1,510,494
69$2,060,054$1,018,867$812,498$1,595,924
70$2,232,309$1,030,920$801,846$1,688,845
71$2,420,941$1,042,371$789,644$1,790,019
72$2,627,582$1,053,153$775,802$1,900,284
73$2,854,032$1,063,194$760,228$2,020,567
74$3,102,270$1,072,417$742,823$2,151,892
75$3,374,478$1,080,742$723,484$2,295,387
76$3,673,059$1,088,082$702,104$2,452,297
77$4,000,657$1,094,345$678,571$2,623,996
78$4,360,189$1,099,432$652,768$2,812,001
79$4,754,864$1,103,240$624,571$3,017,984
80$5,188,218$1,105,657$593,853$3,243,793
81$5,664,148$1,106,566$560,479$3,491,462
82$6,186,945$1,105,842$524,308$3,763,238
83$6,761,337$1,103,351$485,196$4,061,601
84$7,392,531$1,098,953$442,988$4,389,284
85$8,086,265$1,092,498$397,524$4,749,303
86$8,848,861$1,083,827$348,638$5,144,985
87$9,687,282$1,072,772$296,154$5,579,999
88$10,609,201$1,059,154$239,891$6,058,392
89$11,623,070$1,042,783$179,659$6,584,629
90$12,738,204$1,023,461$115,258$7,163,633
91$13,964,864$1,000,973$46,482$7,800,833
92$15,314,354$975,095$0$8,502,218
93$16,799,133$945,589$0$9,282,432
94$18,432,924$912,203$0$10,156,059
95$20,230,851$874,669$0$11,117,298
96$22,209,577$832,707$0$12,175,080
97$24,387,460$786,016$0$13,339,243
98$26,784,731$734,281$0$14,620,637
99$29,423,682$677,168$0$16,031,216
100$32,328,872$614,325$0$17,584,157