Can I retire at age 58 with 821,000?

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 $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 $2,541 every year, while hoping to spend $58,694 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: 48/38/14 Blend
57$821,000$821,000$821,000$821,000
58$907,363$863,850$851,125$947,266
59$937,464$843,729$817,187$954,960
60$968,668$820,654$780,146$957,051
61$1,001,026$794,420$739,835$958,023
62$1,034,592$764,807$696,080$957,794
63$1,069,422$731,585$648,700$956,275
64$1,105,577$694,507$597,506$953,374
65$1,143,124$653,315$542,300$948,993
66$1,182,130$607,736$482,875$943,030
67$1,222,671$557,479$419,015$935,378
68$1,264,827$502,238$350,495$925,924
69$1,308,681$441,690$277,079$914,551
70$1,354,326$375,492$198,521$901,135
71$1,401,860$303,284$114,564$885,548
72$1,451,389$224,684$24,940$867,653
73$1,503,025$139,288$0$847,311
74$1,556,891$46,671$0$834,936
75$1,613,120$0$0$824,475
76$1,671,852$0$0$834,504
77$1,733,243$0$0$865,407
78$1,797,457$0$0$897,755
79$1,864,675$0$0$931,640
80$1,935,091$0$0$967,164
81$2,008,917$0$0$1,004,438
82$2,086,381$0$0$1,043,580
83$2,167,732$0$0$1,084,721
84$2,253,239$0$0$1,128,000
85$2,343,197$0$0$1,173,572
86$2,437,925$0$0$1,221,604
87$2,537,770$0$0$1,272,277
88$2,643,112$0$0$1,325,790
89$2,754,362$0$0$1,382,360
90$2,871,973$0$0$1,442,222
91$2,996,434$0$0$1,505,633
92$3,128,284$0$0$1,572,876
93$3,268,107$0$0$1,644,259
94$3,416,547$0$0$1,720,118
95$3,574,302$0$0$1,800,820
96$3,742,140$0$0$1,886,770
97$3,920,901$0$0$1,978,408
98$4,111,502$0$0$2,076,217
99$4,314,951$0$0$2,180,728
100$4,532,350$0$0$2,292,519