Can I retire at age 58 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$67,880$67,275$66,685$66,110$65,547$64,488
2 years$33,604$32,978$32,372$31,783$31,213$30,149
3 years$22,180$21,552$20,947$20,364$19,803$18,767
4 years$16,469$15,843$15,244$14,671$14,124$13,123
5 years$13,044$12,421$11,830$11,269$10,737$9,775
6 years$10,761$10,143$9,560$9,012$8,495$7,574
7 years$9,131$8,518$7,945$7,409$6,909$6,028
8 years$7,909$7,301$6,738$6,215$5,732$4,891
9 years$6,959$6,357$5,803$5,294$4,827$4,026
10 years$6,199$5,603$5,059$4,564$4,113$3,351
11 years$5,578$4,988$4,454$3,972$3,537$2,814
12 years$5,061$4,477$3,953$3,484$3,065$2,379
13 years$4,624$4,046$3,532$3,076$2,673$2,023
14 years$4,249$3,678$3,173$2,730$2,343$1,729
15 years$3,925$3,360$2,865$2,435$2,063$1,483
16 years$3,642$3,083$2,598$2,180$1,823$1,276
17 years$3,392$2,839$2,364$1,959$1,617$1,101
18 years$3,170$2,623$2,158$1,765$1,437$953
19 years$2,972$2,431$1,975$1,595$1,281$826
20 years$2,794$2,259$1,813$1,445$1,144$717
21 years$2,633$2,104$1,667$1,311$1,024$623
22 years$2,487$1,964$1,537$1,192$918$543
23 years$2,353$1,837$1,419$1,086$824$473
24 years$2,231$1,721$1,312$990$741$413
25 years$2,119$1,615$1,215$904$666$360
26 years$2,016$1,518$1,127$827$600$315
27 years$1,921$1,429$1,047$757$541$275
28 years$1,832$1,346$973$693$488$241
29 years$1,750$1,270$906$636$441$211
30 years$1,673$1,200$843$584$398$184
31 years$1,602$1,134$786$536$360$161
32 years$1,535$1,073$734$493$326$141
33 years$1,472$1,016$685$453$295$124
34 years$1,413$963$640$417$267$109
35 years$1,358$913$598$384$242$95
36 years$1,306$867$560$353$219$83
37 years$1,256$823$524$326$199$73
38 years$1,210$783$491$300$180$64
39 years$1,166$744$460$277$163$56
40 years$1,124$708$431$255$148$49
41 years$1,084$674$404$235$134$43
42 years$1,047$642$379$217$122$38
43 years$1,011$612$356$201$111$33
44 years$977$583$334$185$100$29
45 years$944$556$313$171$91$26
46 years$913$530$294$158$83$23
47 years$884$506$277$146$75$20
48 years$855$483$260$135$68$17
49 years$828$461$244$125$62$15
50 years$803$441$230$115$56$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $822,000, adding $3,999 every year, while hoping to spend $27,826 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: 42/42/16 Blend
57$822,000$822,000$822,000$822,000
58$909,969$866,403$853,662$943,768
59$973,179$879,250$852,653$980,837
60$1,041,904$891,794$850,678$1,017,910
61$1,116,677$903,991$847,674$1,057,461
62$1,198,085$915,793$843,578$1,099,730
63$1,286,772$927,150$838,320$1,144,983
64$1,383,450$938,007$831,831$1,193,513
65$1,488,900$948,307$824,036$1,245,643
66$1,603,983$957,989$814,856$1,301,733
67$1,729,645$966,987$804,209$1,362,178
68$1,866,929$975,230$792,011$1,427,415
69$2,016,984$982,644$778,171$1,497,929
70$2,181,073$989,150$762,596$1,574,254
71$2,360,587$994,662$745,188$1,656,981
72$2,557,058$999,092$725,843$1,746,761
73$2,772,173$1,002,343$704,454$1,844,317
74$3,007,791$1,004,314$680,909$1,950,444
75$3,265,956$1,004,896$655,090$2,066,023
76$3,548,922$1,003,975$626,875$2,192,025
77$3,859,172$1,001,429$596,134$2,329,524
78$4,199,436$997,128$562,734$2,479,706
79$4,572,726$990,935$526,533$2,643,881
80$4,982,358$982,704$487,386$2,823,494
81$5,431,984$972,282$445,138$3,020,144
82$5,925,626$959,504$399,630$3,235,593
83$6,467,717$944,196$350,694$3,471,789
84$7,063,137$926,175$298,156$3,730,881
85$7,717,266$905,246$241,833$4,015,243
86$8,436,026$881,203$181,534$4,327,494
87$9,225,946$853,827$117,060$4,670,526
88$10,094,215$822,887$48,204$5,047,531
89$11,048,755$788,138$0$5,462,031
90$12,098,293$749,322$0$5,922,232
91$13,252,445$706,165$0$6,437,170
92$14,521,805$658,377$0$7,003,383
93$15,918,044$605,653$0$7,626,138
94$17,454,022$547,667$0$8,311,244
95$19,143,909$484,080$0$9,065,109
96$21,003,316$414,528$0$9,894,799
97$23,049,444$338,629$0$10,808,106
98$25,301,247$255,982$0$11,813,625
99$27,779,607$166,158$0$12,920,833
100$30,507,536$68,709$0$14,140,182