Can I retire at age 58 with 817,000?

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 $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%19.2%
1 years$67,467$66,866$66,280$65,708$65,149$62,737
2 years$33,400$32,778$32,175$31,590$31,023$28,621
3 years$22,045$21,420$20,819$20,240$19,682$17,365
4 years$16,369$15,746$15,151$14,582$14,038$11,823
5 years$12,964$12,345$11,758$11,200$10,671$8,564
6 years$10,695$10,081$9,502$8,957$8,444$6,447
7 years$9,075$8,466$7,896$7,364$6,867$4,979
8 years$7,861$7,257$6,697$6,177$5,697$3,916
9 years$6,916$6,318$5,768$5,262$4,798$3,122
10 years$6,162$5,569$5,029$4,536$4,088$2,514
11 years$5,544$4,958$4,427$3,947$3,516$2,041
12 years$5,030$4,450$3,929$3,462$3,047$1,666
13 years$4,596$4,022$3,510$3,057$2,657$1,368
14 years$4,224$3,656$3,154$2,714$2,329$1,127
15 years$3,901$3,339$2,848$2,420$2,050$931
16 years$3,620$3,064$2,582$2,167$1,812$772
17 years$3,371$2,822$2,349$1,947$1,607$641
18 years$3,151$2,607$2,145$1,755$1,429$533
19 years$2,954$2,416$1,963$1,585$1,273$444
20 years$2,777$2,245$1,802$1,436$1,137$370
21 years$2,617$2,092$1,657$1,303$1,018$309
22 years$2,471$1,952$1,527$1,185$912$258
23 years$2,339$1,826$1,410$1,079$819$216
24 years$2,218$1,711$1,304$984$736$181
25 years$2,106$1,606$1,208$899$662$151
26 years$2,004$1,509$1,120$822$597$127
27 years$1,909$1,420$1,040$752$538$106
28 years$1,821$1,338$967$689$485$89
29 years$1,739$1,262$900$632$438$74
30 years$1,663$1,192$838$580$396$62
31 years$1,592$1,127$782$533$358$52
32 years$1,525$1,066$729$490$324$44
33 years$1,463$1,010$681$450$293$37
34 years$1,405$957$636$414$265$31
35 years$1,349$908$595$381$240$26
36 years$1,298$862$556$351$218$22
37 years$1,249$818$521$324$197$18
38 years$1,202$778$488$298$179$15
39 years$1,158$740$457$275$162$13
40 years$1,117$704$428$254$147$11
41 years$1,078$670$402$234$134$9
42 years$1,040$638$377$216$121$8
43 years$1,005$608$353$199$110$6
44 years$971$579$332$184$100$5
45 years$938$552$312$170$91$4
46 years$908$527$293$157$82$4
47 years$878$503$275$145$75$3
48 years$850$480$258$134$68$3
49 years$823$459$243$124$62$2
50 years$798$438$228$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $817,000, adding $2,782 every year, while hoping to spend $51,781 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: 82/5/13 Blend
57$817,000$817,000$817,000$817,000
58$903,204$859,903$847,239$974,844
59$940,236$846,943$820,527$1,009,282
60$979,310$831,613$791,185$1,040,001
61$1,020,579$813,742$759,069$1,072,204
62$1,064,212$793,149$724,031$1,106,011
63$1,110,390$769,642$685,915$1,141,557
64$1,159,313$743,018$644,557$1,178,991
65$1,211,200$713,063$599,787$1,218,476
66$1,266,290$679,550$551,426$1,260,191
67$1,324,842$642,239$499,290$1,304,334
68$1,387,142$600,875$443,182$1,351,124
69$1,453,503$555,190$382,901$1,400,803
70$1,524,266$504,900$318,234$1,453,635
71$1,599,805$449,704$248,959$1,509,914
72$1,680,532$389,286$174,846$1,569,963
73$1,766,895$323,310$95,652$1,634,139
74$1,859,389$251,423$11,127$1,702,835
75$1,958,553$173,249$0$1,776,485
76$2,064,982$88,395$0$1,866,538
77$2,179,326$0$0$1,964,911
78$2,302,300$0$0$2,070,880
79$2,434,689$0$0$2,190,210
80$2,577,354$0$0$2,318,818
81$2,731,243$0$0$2,457,557
82$2,897,395$0$0$2,607,367
83$3,076,952$0$0$2,769,282
84$3,271,171$0$0$2,944,434
85$3,481,433$0$0$3,134,071
86$3,709,254$0$0$3,339,565
87$3,956,303$0$0$3,562,422
88$4,224,415$0$0$3,804,300
89$4,515,609$0$0$4,067,024
90$4,832,104$0$0$4,352,597
91$5,176,342$0$0$4,663,227
92$5,551,011$0$0$5,001,342
93$5,959,066$0$0$5,369,612
94$6,403,762$0$0$5,770,976
95$6,888,678$0$0$6,208,670
96$7,417,755$0$0$6,686,255
97$7,995,330$0$0$7,207,648
98$8,626,178$0$0$7,777,164
99$9,315,556$0$0$8,399,553
100$10,069,249$0$0$9,080,042