Can I retire at age 58 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$67,632$67,030$66,442$65,868$65,308$63,729
2 years$33,481$32,858$32,253$31,667$31,099$29,518
3 years$22,099$21,473$20,870$20,290$19,731$18,197
4 years$16,409$15,785$15,188$14,618$14,072$12,597
5 years$12,996$12,376$11,787$11,228$10,697$9,285
6 years$10,721$10,106$9,525$8,979$8,464$7,117
7 years$9,097$8,487$7,916$7,382$6,884$5,601
8 years$7,880$7,275$6,713$6,193$5,711$4,492
9 years$6,933$6,334$5,782$5,275$4,809$3,653
10 years$6,177$5,583$5,041$4,547$4,098$3,004
11 years$5,558$4,970$4,438$3,957$3,524$2,490
12 years$5,043$4,461$3,938$3,471$3,054$2,079
13 years$4,607$4,031$3,519$3,064$2,663$1,744
14 years$4,234$3,664$3,162$2,720$2,335$1,470
15 years$3,911$3,348$2,855$2,426$2,055$1,244
16 years$3,628$3,071$2,588$2,172$1,817$1,055
17 years$3,380$2,829$2,355$1,952$1,611$898
18 years$3,159$2,614$2,150$1,759$1,432$765
19 years$2,961$2,422$1,968$1,589$1,277$654
20 years$2,784$2,251$1,806$1,439$1,140$559
21 years$2,623$2,097$1,661$1,306$1,020$479
22 years$2,477$1,957$1,531$1,188$915$410
23 years$2,345$1,831$1,414$1,082$821$352
24 years$2,223$1,715$1,308$987$738$302
25 years$2,112$1,610$1,211$901$664$260
26 years$2,009$1,513$1,123$824$598$223
27 years$1,914$1,424$1,043$754$539$192
28 years$1,825$1,341$970$691$487$165
29 years$1,743$1,266$902$634$439$142
30 years$1,667$1,195$840$581$397$123
31 years$1,596$1,130$783$534$359$106
32 years$1,529$1,069$731$491$325$91
33 years$1,467$1,012$683$451$294$78
34 years$1,408$960$638$415$266$68
35 years$1,353$910$596$382$241$58
36 years$1,301$864$558$352$218$50
37 years$1,252$820$522$324$198$43
38 years$1,205$780$489$299$179$37
39 years$1,161$741$458$276$163$32
40 years$1,120$705$429$254$148$28
41 years$1,080$671$403$235$134$24
42 years$1,043$639$378$216$121$21
43 years$1,007$609$354$200$110$18
44 years$973$581$333$185$100$15
45 years$941$554$312$170$91$13
46 years$910$528$293$157$82$11
47 years$880$504$276$145$75$10
48 years$852$481$259$134$68$9
49 years$825$460$243$124$62$7
50 years$800$439$229$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $819,000, adding $6,646 every year, while hoping to spend $58,977 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: 68/18/14 Blend
57$819,000$819,000$819,000$819,000
58$909,393$865,986$853,292$967,873
59$939,400$845,669$819,126$987,348
60$970,492$822,379$781,839$1,001,017
61$1,002,715$795,909$741,264$1,014,464
62$1,036,122$766,038$697,227$1,027,661
63$1,070,767$732,535$649,544$1,040,577
64$1,106,709$695,152$598,027$1,053,183
65$1,144,008$653,630$542,476$1,065,447
66$1,182,731$607,691$482,683$1,077,336
67$1,222,947$557,046$418,431$1,088,816
68$1,264,732$501,386$349,493$1,099,854
69$1,308,167$440,386$275,632$1,110,414
70$1,353,336$373,701$196,602$1,120,459
71$1,400,332$300,968$112,144$1,129,952
72$1,449,254$221,803$21,989$1,138,858
73$1,500,207$135,801$0$1,147,137
74$1,553,307$42,534$0$1,165,840
75$1,608,675$0$0$1,188,068
76$1,666,444$0$0$1,222,119
77$1,726,756$0$0$1,266,476
78$1,789,766$0$0$1,312,827
79$1,855,640$0$0$1,361,297
80$1,924,557$0$0$1,412,020
81$1,996,713$0$0$1,465,140
82$2,072,317$0$0$1,520,815
83$2,151,600$0$0$1,579,215
84$2,234,808$0$0$1,640,525
85$2,322,212$0$0$1,704,946
86$2,414,103$0$0$1,772,696
87$2,510,801$0$0$1,844,013
88$2,612,652$0$0$1,919,155
89$2,720,032$0$0$1,998,404
90$2,833,353$0$0$2,082,066
91$2,953,063$0$0$2,170,476
92$3,079,650$0$0$2,263,999
93$3,213,649$0$0$2,363,034
94$3,355,642$0$0$2,468,015
95$3,506,266$0$0$2,579,420
96$3,666,216$0$0$2,697,767
97$3,836,253$0$0$2,823,625
98$4,017,212$0$0$2,957,618
99$4,210,002$0$0$3,100,427
100$4,415,622$0$0$3,252,797