Can I retire at age 58 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$67,715$67,112$66,523$65,949$65,388$64,517
2 years$33,522$32,898$32,293$31,706$31,137$30,261
3 years$22,126$21,499$20,896$20,314$19,755$18,901
4 years$16,429$15,804$15,207$14,635$14,089$13,264
5 years$13,012$12,391$11,801$11,241$10,710$9,917
6 years$10,735$10,118$9,537$8,990$8,475$7,713
7 years$9,108$8,497$7,925$7,391$6,892$6,163
8 years$7,889$7,283$6,721$6,200$5,718$5,020
9 years$6,942$6,342$5,789$5,281$4,815$4,150
10 years$6,184$5,590$5,047$4,552$4,103$3,469
11 years$5,565$4,976$4,443$3,962$3,529$2,925
12 years$5,049$4,466$3,943$3,475$3,058$2,485
13 years$4,613$4,036$3,523$3,068$2,666$2,123
14 years$4,239$3,669$3,165$2,723$2,337$1,822
15 years$3,916$3,352$2,858$2,429$2,058$1,571
16 years$3,633$3,075$2,591$2,175$1,819$1,358
17 years$3,384$2,832$2,358$1,954$1,613$1,178
18 years$3,162$2,617$2,152$1,761$1,434$1,024
19 years$2,965$2,425$1,970$1,591$1,278$892
20 years$2,787$2,254$1,808$1,441$1,142$779
21 years$2,626$2,099$1,663$1,308$1,022$681
22 years$2,480$1,960$1,533$1,189$916$596
23 years$2,348$1,833$1,416$1,083$822$522
24 years$2,226$1,717$1,309$988$739$458
25 years$2,114$1,611$1,212$902$665$402
26 years$2,011$1,515$1,125$825$599$353
27 years$1,916$1,425$1,044$755$540$310
28 years$1,828$1,343$971$692$487$273
29 years$1,746$1,267$903$634$440$240
30 years$1,669$1,197$841$582$398$212
31 years$1,598$1,131$784$535$359$186
32 years$1,531$1,070$732$491$325$164
33 years$1,468$1,014$683$452$294$145
34 years$1,410$961$639$416$266$128
35 years$1,354$911$597$383$241$113
36 years$1,302$865$558$352$219$99
37 years$1,253$821$523$325$198$88
38 years$1,207$781$489$299$180$77
39 years$1,163$742$459$276$163$68
40 years$1,121$706$430$255$148$60
41 years$1,082$672$403$235$134$53
42 years$1,044$640$378$217$122$47
43 years$1,008$610$355$200$110$41
44 years$974$581$333$185$100$37
45 years$942$555$313$171$91$32
46 years$911$529$294$158$83$28
47 years$882$505$276$146$75$25
48 years$853$482$259$135$68$22
49 years$826$460$244$124$62$20
50 years$801$440$229$115$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $820,000, adding $3,916 every year, while hoping to spend $45,547 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: 75/19/6 Blend
57$820,000$820,000$820,000$820,000
58$907,679$864,219$851,509$974,892
59$951,801$858,104$831,573$1,013,514
60$998,896$850,163$809,443$1,049,618
61$1,049,221$840,259$784,996$1,087,859
62$1,103,055$828,244$758,107$1,128,433
63$1,160,704$813,966$728,641$1,171,554
64$1,222,505$797,259$696,460$1,217,459
65$1,288,827$777,952$661,418$1,266,410
66$1,360,076$755,860$623,363$1,318,695
67$1,436,695$730,788$582,137$1,374,634
68$1,519,172$702,532$537,574$1,434,579
69$1,608,045$670,872$489,499$1,498,918
70$1,703,901$635,580$437,733$1,568,082
71$1,807,387$596,412$382,085$1,642,544
72$1,919,213$553,109$322,358$1,722,829
73$2,040,162$505,400$258,346$1,809,515
74$2,171,090$452,997$189,832$1,903,241
75$2,312,943$395,595$116,593$2,004,714
76$2,466,757$332,873$38,393$2,114,711
77$2,633,674$264,492$0$2,234,094
78$2,814,948$190,092$0$2,366,697
79$3,011,961$109,294$0$2,513,495
80$3,226,230$21,699$0$2,673,203
81$3,459,427$0$0$2,847,119
82$3,713,390$0$0$3,051,958
83$3,990,142$0$0$3,280,153
84$4,291,909$0$0$3,529,006
85$4,621,142$0$0$3,800,542
86$4,980,537$0$0$4,096,989
87$5,373,064$0$0$4,420,800
88$5,801,991$0$0$4,774,677
89$6,270,915$0$0$5,161,592
90$6,783,800$0$0$5,584,819
91$7,345,006$0$0$6,047,964
92$7,959,336$0$0$6,554,993
93$8,632,081$0$0$7,110,279
94$9,369,063$0$0$7,718,635
95$10,176,697$0$0$8,385,361
96$11,062,048$0$0$9,116,294
97$12,032,896$0$0$9,917,866
98$13,097,809$0$0$10,797,156
99$14,266,227$0$0$11,761,965
100$15,548,545$0$0$12,820,885