Can I retire at age 58 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$67,467$66,866$66,280$65,708$65,149$63,445
2 years$33,400$32,778$32,175$31,590$31,023$29,318
3 years$22,045$21,420$20,819$20,240$19,682$18,030
4 years$16,369$15,746$15,151$14,582$14,038$12,450
5 years$12,964$12,345$11,758$11,200$10,671$9,153
6 years$10,695$10,081$9,502$8,957$8,444$6,996
7 years$9,075$8,466$7,896$7,364$6,867$5,490
8 years$7,861$7,257$6,697$6,177$5,697$4,390
9 years$6,916$6,318$5,768$5,262$4,798$3,560
10 years$6,162$5,569$5,029$4,536$4,088$2,918
11 years$5,544$4,958$4,427$3,947$3,516$2,411
12 years$5,030$4,450$3,929$3,462$3,047$2,006
13 years$4,596$4,022$3,510$3,057$2,657$1,678
14 years$4,224$3,656$3,154$2,714$2,329$1,410
15 years$3,901$3,339$2,848$2,420$2,050$1,188
16 years$3,620$3,064$2,582$2,167$1,812$1,005
17 years$3,371$2,822$2,349$1,947$1,607$852
18 years$3,151$2,607$2,145$1,755$1,429$723
19 years$2,954$2,416$1,963$1,585$1,273$615
20 years$2,777$2,245$1,802$1,436$1,137$524
21 years$2,617$2,092$1,657$1,303$1,018$447
22 years$2,471$1,952$1,527$1,185$912$382
23 years$2,339$1,826$1,410$1,079$819$326
24 years$2,218$1,711$1,304$984$736$279
25 years$2,106$1,606$1,208$899$662$239
26 years$2,004$1,509$1,120$822$597$205
27 years$1,909$1,420$1,040$752$538$175
28 years$1,821$1,338$967$689$485$150
29 years$1,739$1,262$900$632$438$129
30 years$1,663$1,192$838$580$396$110
31 years$1,592$1,127$782$533$358$95
32 years$1,525$1,066$729$490$324$81
33 years$1,463$1,010$681$450$293$70
34 years$1,405$957$636$414$265$60
35 years$1,349$908$595$381$240$51
36 years$1,298$862$556$351$218$44
37 years$1,249$818$521$324$197$38
38 years$1,202$778$488$298$179$33
39 years$1,158$740$457$275$162$28
40 years$1,117$704$428$254$147$24
41 years$1,078$670$402$234$134$21
42 years$1,040$638$377$216$121$18
43 years$1,005$608$353$199$110$15
44 years$971$579$332$184$100$13
45 years$938$552$312$170$91$11
46 years$908$527$293$157$82$10
47 years$878$503$275$145$75$8
48 years$850$480$258$134$68$7
49 years$823$459$243$124$62$6
50 years$798$438$228$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $817,000, adding $3,950 every year, while hoping to spend $36,883 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: 39/31/30 Blend
57$817,000$817,000$817,000$817,000
58$904,408$861,107$848,444$931,515
59$957,415$864,058$837,624$954,718
60$1,014,592$865,918$825,205$976,126
61$1,076,326$866,593$811,094$998,585
62$1,143,041$865,987$795,196$1,022,217
63$1,215,205$863,994$777,409$1,047,157
64$1,293,330$860,503$757,626$1,073,556
65$1,377,980$855,399$735,737$1,101,584
66$1,469,776$848,555$711,626$1,131,432
67$1,569,399$839,840$685,171$1,163,311
68$1,677,599$829,113$656,246$1,197,460
69$1,795,201$816,227$624,718$1,234,144
70$1,923,113$801,024$590,447$1,273,658
71$2,062,334$783,337$553,290$1,316,333
72$2,213,961$762,990$513,095$1,362,537
73$2,379,204$739,796$469,703$1,412,679
74$2,559,394$713,557$422,949$1,467,216
75$2,755,995$684,064$372,660$1,526,657
76$2,970,619$651,095$318,657$1,591,565
77$3,205,040$614,417$260,750$1,662,569
78$3,461,211$573,781$198,742$1,740,367
79$3,741,284$528,925$132,429$1,825,734
80$4,047,626$479,573$61,596$1,919,533
81$4,382,843$425,432$0$2,022,718
82$4,749,807$366,192$0$2,140,830
83$5,151,679$301,526$0$2,291,900
84$5,591,939$231,090$0$2,457,572
85$6,074,421$154,518$0$2,639,376
86$6,603,349$71,426$0$2,838,999
87$7,183,370$0$0$3,058,307
88$7,819,609$0$0$3,305,705
89$8,517,704$0$0$3,604,000
90$9,283,872$0$0$3,931,496
91$10,124,955$0$0$4,291,133
92$11,048,493$0$0$4,686,150
93$12,062,793$0$0$5,120,114
94$13,177,003$0$0$5,596,956
95$14,401,202$0$0$6,121,005
96$15,746,494$0$0$6,697,031
97$17,225,111$0$0$7,330,291
98$18,850,530$0$0$8,026,573
99$20,637,599$0$0$8,792,257
100$22,602,674$0$0$9,634,369