Can I retire at age 58 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$67,550$66,948$66,361$65,788$65,228$64,280
2 years$33,440$32,818$32,214$31,629$31,061$30,108
3 years$22,072$21,447$20,845$20,265$19,706$18,778
4 years$16,389$15,766$15,170$14,600$14,055$13,158
5 years$12,980$12,360$11,772$11,214$10,684$9,821
6 years$10,708$10,093$9,514$8,968$8,454$7,627
7 years$9,086$8,476$7,906$7,373$6,875$6,084
8 years$7,870$7,266$6,705$6,185$5,704$4,947
9 years$6,925$6,326$5,775$5,268$4,803$4,082
10 years$6,169$5,576$5,035$4,541$4,093$3,406
11 years$5,551$4,964$4,432$3,952$3,520$2,867
12 years$5,036$4,456$3,934$3,467$3,050$2,431
13 years$4,601$4,027$3,514$3,061$2,660$2,072
14 years$4,229$3,660$3,158$2,717$2,332$1,775
15 years$3,906$3,343$2,851$2,423$2,053$1,527
16 years$3,624$3,068$2,585$2,169$1,814$1,318
17 years$3,375$2,825$2,352$1,949$1,609$1,141
18 years$3,155$2,611$2,147$1,757$1,430$989
19 years$2,957$2,419$1,966$1,587$1,275$860
20 years$2,780$2,248$1,804$1,438$1,139$749
21 years$2,620$2,094$1,659$1,305$1,019$653
22 years$2,474$1,955$1,529$1,186$914$570
23 years$2,342$1,828$1,412$1,080$820$499
24 years$2,220$1,713$1,306$985$737$436
25 years$2,109$1,608$1,210$900$663$382
26 years$2,006$1,511$1,122$823$597$335
27 years$1,911$1,422$1,042$753$539$294
28 years$1,823$1,340$968$690$486$258
29 years$1,741$1,264$901$633$439$226
30 years$1,665$1,194$839$581$397$199
31 years$1,594$1,128$783$533$359$175
32 years$1,527$1,068$730$490$324$154
33 years$1,465$1,011$682$451$293$135
34 years$1,406$958$637$415$266$119
35 years$1,351$909$596$382$241$104
36 years$1,299$863$557$352$218$92
37 years$1,250$819$521$324$198$81
38 years$1,204$779$488$299$179$71
39 years$1,160$741$457$275$162$63
40 years$1,118$705$429$254$147$55
41 years$1,079$671$402$234$134$49
42 years$1,041$639$377$216$121$43
43 years$1,006$609$354$200$110$38
44 years$972$580$332$184$100$33
45 years$940$553$312$170$91$29
46 years$909$528$293$157$82$26
47 years$879$504$275$145$75$23
48 years$851$481$259$134$68$20
49 years$824$459$243$124$62$18
50 years$799$439$229$115$56$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $818,000, adding $4,814 every year, while hoping to spend $55,538 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: 23/47/30 Blend
57$818,000$818,000$818,000$818,000
58$906,402$863,048$850,369$918,621
59$939,763$846,245$819,764$912,925
60$974,665$826,758$786,273$901,885
61$1,011,207$804,395$749,739$888,903
62$1,049,497$778,957$710,002$873,857
63$1,089,648$750,229$666,890$856,619
64$1,131,788$717,986$620,227$837,054
65$1,176,053$681,989$569,827$815,023
66$1,222,591$641,987$515,496$790,377
67$1,271,562$597,712$457,032$762,965
68$1,323,144$548,882$394,225$732,625
69$1,377,526$495,198$326,853$699,192
70$1,434,916$436,346$254,685$662,490
71$1,495,542$371,991$177,482$622,339
72$1,559,652$301,783$94,991$578,550
73$1,627,514$225,349$6,952$530,927
74$1,699,426$142,296$0$479,266
75$1,775,708$52,209$0$451,206
76$1,856,714$0$0$422,864
77$1,942,828$0$0$415,334
78$2,034,474$0$0$436,134
79$2,132,111$0$0$458,376
80$2,236,247$0$0$482,186
81$2,347,434$0$0$507,703
82$2,466,280$0$0$535,076
83$2,593,449$0$0$564,472
84$2,729,671$0$0$596,074
85$2,875,746$0$0$630,081
86$3,032,551$0$0$666,712
87$3,201,051$0$0$706,210
88$3,382,301$0$0$748,838
89$3,577,463$0$0$794,888
90$3,787,812$0$0$844,680
91$4,014,749$0$0$898,564
92$4,259,811$0$0$956,929
93$4,524,690$0$0$1,020,198
94$4,811,243$0$0$1,088,839
95$5,121,513$0$0$1,163,366
96$5,457,745$0$0$1,244,343
97$5,822,410$0$0$1,332,393
98$6,218,221$0$0$1,428,200
99$6,648,165$0$0$1,532,515
100$7,115,528$0$0$1,646,169