Can I retire at age 58 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$67,797$67,194$66,604$66,029$65,468$65,001
2 years$33,563$32,938$32,332$31,745$31,175$30,704
3 years$22,153$21,525$20,921$20,339$19,779$19,318
4 years$16,449$15,823$15,225$14,653$14,106$13,660
5 years$13,028$12,406$11,815$11,255$10,723$10,293
6 years$10,748$10,130$9,549$9,001$8,485$8,071
7 years$9,120$8,507$7,935$7,400$6,901$6,502
8 years$7,899$7,292$6,729$6,208$5,725$5,343
9 years$6,950$6,349$5,796$5,288$4,821$4,455
10 years$6,192$5,597$5,053$4,558$4,108$3,758
11 years$5,571$4,982$4,449$3,967$3,533$3,199
12 years$5,055$4,472$3,948$3,479$3,061$2,743
13 years$4,618$4,041$3,527$3,072$2,670$2,366
14 years$4,244$3,673$3,169$2,727$2,340$2,052
15 years$3,920$3,356$2,862$2,432$2,061$1,786
16 years$3,637$3,079$2,594$2,177$1,821$1,561
17 years$3,388$2,835$2,361$1,956$1,615$1,368
18 years$3,166$2,620$2,155$1,763$1,436$1,202
19 years$2,968$2,428$1,973$1,593$1,280$1,058
20 years$2,790$2,256$1,811$1,443$1,143$934
21 years$2,630$2,102$1,665$1,310$1,023$826
22 years$2,484$1,962$1,535$1,191$917$731
23 years$2,350$1,835$1,417$1,084$823$648
24 years$2,229$1,719$1,311$989$740$575
25 years$2,117$1,613$1,214$903$666$510
26 years$2,014$1,516$1,126$826$600$454
27 years$1,918$1,427$1,045$756$541$404
28 years$1,830$1,345$972$693$488$359
29 years$1,748$1,269$904$635$440$320
30 years$1,671$1,198$842$583$398$285
31 years$1,600$1,133$785$535$360$255
32 years$1,533$1,072$733$492$325$227
33 years$1,470$1,015$684$452$295$203
34 years$1,411$962$639$416$267$181
35 years$1,356$912$598$383$242$162
36 years$1,304$866$559$353$219$144
37 years$1,255$822$523$325$198$129
38 years$1,208$782$490$300$180$115
39 years$1,164$743$459$276$163$103
40 years$1,122$707$430$255$148$92
41 years$1,083$673$404$235$134$82
42 years$1,045$641$379$217$122$74
43 years$1,009$611$355$200$111$66
44 years$975$582$333$185$100$59
45 years$943$555$313$171$91$53
46 years$912$530$294$158$83$47
47 years$883$505$276$146$75$42
48 years$854$482$260$135$68$38
49 years$827$461$244$125$62$34
50 years$802$440$229$115$56$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $821,000, adding $4,189 every year, while hoping to spend $30,884 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: 64/23/13 Blend
57$821,000$821,000$821,000$821,000
58$909,063$865,550$852,824$964,207
59$968,927$875,102$848,534$1,011,164
60$1,033,862$884,086$843,064$1,058,478
61$1,104,353$892,443$836,344$1,109,393
62$1,180,932$900,108$828,297$1,164,261
63$1,264,187$907,013$818,844$1,223,466
64$1,354,762$913,085$807,903$1,287,437
65$1,453,366$918,245$795,387$1,356,642
66$1,560,782$922,411$781,204$1,431,600
67$1,677,868$925,495$765,261$1,512,885
68$1,805,570$927,404$747,456$1,601,126
69$1,944,929$928,038$727,687$1,697,021
70$2,097,091$927,291$705,845$1,801,337
71$2,263,318$925,052$681,814$1,914,923
72$2,444,999$921,201$655,477$2,038,712
73$2,643,661$915,613$626,708$2,173,737
74$2,860,990$908,153$595,377$2,321,134
75$3,098,837$898,679$561,349$2,482,159
76$3,359,245$887,041$524,481$2,658,196
77$3,644,461$873,078$484,624$2,850,771
78$3,956,960$856,623$441,622$3,061,569
79$4,299,467$837,495$395,314$3,292,447
80$4,674,986$815,506$345,531$3,545,454
81$5,086,822$790,453$292,094$3,822,851
82$5,538,618$762,125$234,819$4,127,129
83$6,034,385$730,297$173,513$4,461,038
84$6,578,540$694,730$107,974$4,827,610
85$7,175,953$655,173$37,992$5,230,188
86$7,831,982$611,359$0$5,672,461
87$8,552,536$563,007$0$6,163,583
88$9,344,119$509,818$0$6,708,907
89$10,213,899$451,480$0$7,308,134
90$11,169,772$387,658$0$7,966,753
91$12,220,437$318,001$0$8,690,816
92$13,375,477$242,139$0$9,486,990
93$14,645,451$159,679$0$10,362,628
94$16,041,991$70,207$0$11,325,834
95$17,577,914$0$0$12,385,541
96$19,267,339$0$0$13,558,358
97$21,125,824$0$0$14,868,150
98$23,170,511$0$0$16,309,236
99$25,420,287$0$0$17,894,935
100$27,895,961$0$0$19,639,923