Can I retire at age 58 with 815,000?

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 $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%18.6%
1 years$67,302$66,702$66,118$65,547$64,989$62,733
2 years$33,318$32,697$32,096$31,513$30,947$28,698
3 years$21,991$21,368$20,768$20,191$19,634$17,462
4 years$16,329$15,708$15,114$14,546$14,003$11,925
5 years$12,933$12,315$11,729$11,173$10,645$8,666
6 years$10,669$10,056$9,479$8,935$8,423$6,544
7 years$9,053$8,445$7,877$7,346$6,850$5,072
8 years$7,841$7,239$6,680$6,162$5,683$4,004
9 years$6,899$6,303$5,754$5,249$4,786$3,203
10 years$6,146$5,556$5,016$4,525$4,078$2,589
11 years$5,531$4,946$4,416$3,938$3,507$2,110
12 years$5,018$4,439$3,919$3,454$3,039$1,730
13 years$4,584$4,012$3,502$3,049$2,650$1,426
14 years$4,213$3,647$3,146$2,707$2,323$1,179
15 years$3,892$3,331$2,841$2,414$2,045$979
16 years$3,611$3,056$2,575$2,162$1,808$815
17 years$3,363$2,815$2,344$1,942$1,603$679
18 years$3,143$2,601$2,139$1,750$1,425$568
19 years$2,947$2,411$1,958$1,581$1,270$475
20 years$2,770$2,240$1,797$1,432$1,135$398
21 years$2,610$2,086$1,653$1,300$1,015$334
22 years$2,465$1,948$1,524$1,182$910$280
23 years$2,333$1,822$1,407$1,076$817$235
24 years$2,212$1,707$1,301$982$734$198
25 years$2,101$1,602$1,205$897$661$166
26 years$1,999$1,505$1,118$820$595$140
27 years$1,904$1,417$1,038$750$537$118
28 years$1,816$1,335$965$688$484$99
29 years$1,735$1,259$898$630$437$83
30 years$1,659$1,189$836$579$395$70
31 years$1,588$1,124$780$531$357$59
32 years$1,522$1,064$727$488$323$50
33 years$1,460$1,007$679$449$292$42
34 years$1,401$955$635$413$265$35
35 years$1,346$906$593$380$240$30
36 years$1,294$860$555$350$217$25
37 years$1,246$816$520$323$197$21
38 years$1,199$776$487$298$179$18
39 years$1,156$738$456$274$162$15
40 years$1,114$702$427$253$147$13
41 years$1,075$668$401$233$133$11
42 years$1,038$636$376$215$121$9
43 years$1,002$606$353$199$110$8
44 years$968$578$331$184$100$6
45 years$936$551$311$170$90$5
46 years$905$526$292$157$82$5
47 years$876$502$274$145$75$4
48 years$848$479$258$134$68$3
49 years$821$457$242$124$61$3
50 years$796$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $815,000, adding $4,769 every year, while hoping to spend $53,045 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: 67/20/13 Blend
57$815,000$815,000$815,000$815,000
58$903,049$859,854$847,222$960,577
59$938,721$845,548$819,164$985,206
60$976,253$828,762$788,389$1,005,408
61$1,015,780$809,320$754,749$1,026,144
62$1,057,446$787,034$718,090$1,047,464
63$1,101,412$761,705$678,252$1,069,420
64$1,147,849$733,122$635,067$1,092,073
65$1,196,947$701,062$588,359$1,115,494
66$1,248,912$665,290$537,945$1,139,760
67$1,303,968$625,556$483,633$1,164,959
68$1,362,361$581,597$425,223$1,191,191
69$1,424,360$533,133$362,506$1,218,567
70$1,490,259$479,871$295,264$1,247,214
71$1,560,378$421,498$223,269$1,277,272
72$1,635,070$357,685$146,282$1,308,902
73$1,714,721$288,085$64,056$1,342,281
74$1,799,751$212,329$0$1,377,609
75$1,890,623$130,031$0$1,418,396
76$1,987,844$40,780$0$1,471,302
77$2,091,970$0$0$1,527,751
78$2,203,609$0$0$1,600,391
79$2,323,431$0$0$1,688,022
80$2,452,169$0$0$1,782,209
81$2,590,628$0$0$1,883,547
82$2,739,692$0$0$1,992,687
83$2,900,333$0$0$2,110,345
84$3,073,617$0$0$2,237,308
85$3,260,716$0$0$2,374,440
86$3,462,916$0$0$2,522,691
87$3,681,634$0$0$2,683,104
88$3,918,424$0$0$2,856,827
89$4,174,997$0$0$3,045,122
90$4,453,232$0$0$3,249,374
91$4,755,197$0$0$3,471,111
92$5,083,167$0$0$3,712,009
93$5,439,641$0$0$3,973,914
94$5,827,373$0$0$4,258,857
95$6,249,390$0$0$4,569,071
96$6,709,023$0$0$4,907,015
97$7,209,937$0$0$5,275,395
98$7,756,167$0$0$5,677,187
99$8,352,153$0$0$6,115,668
100$9,002,783$0$0$6,594,446