Can I retire at age 58 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$67,963$67,357$66,767$66,190$65,627$64,861
2 years$33,645$33,018$32,411$31,822$31,251$30,480
3 years$22,207$21,578$20,972$20,389$19,827$19,075
4 years$16,489$15,862$15,262$14,689$14,141$13,413
5 years$13,060$12,436$11,844$11,283$10,750$10,049
6 years$10,774$10,155$9,572$9,023$8,506$7,833
7 years$9,142$8,528$7,954$7,418$6,917$6,272
8 years$7,918$7,310$6,746$6,223$5,739$5,122
9 years$6,967$6,365$5,810$5,300$4,833$4,243
10 years$6,207$5,610$5,065$4,569$4,118$3,556
11 years$5,585$4,994$4,460$3,976$3,541$3,006
12 years$5,067$4,483$3,958$3,488$3,069$2,560
13 years$4,629$4,051$3,536$3,079$2,676$2,193
14 years$4,255$3,682$3,177$2,733$2,346$1,887
15 years$3,930$3,364$2,868$2,438$2,066$1,631
16 years$3,646$3,086$2,601$2,183$1,826$1,414
17 years$3,396$2,842$2,367$1,961$1,619$1,230
18 years$3,174$2,626$2,160$1,767$1,439$1,072
19 years$2,976$2,434$1,978$1,597$1,283$937
20 years$2,797$2,262$1,815$1,446$1,146$820
21 years$2,636$2,107$1,669$1,313$1,025$719
22 years$2,490$1,967$1,539$1,194$919$631
23 years$2,356$1,839$1,421$1,087$825$555
24 years$2,234$1,723$1,314$991$742$488
25 years$2,122$1,617$1,217$905$667$430
26 years$2,018$1,520$1,129$828$601$379
27 years$1,923$1,431$1,048$758$542$334
28 years$1,834$1,348$974$694$489$295
29 years$1,752$1,272$907$637$442$260
30 years$1,675$1,201$845$584$399$230
31 years$1,604$1,135$787$537$361$203
32 years$1,537$1,074$735$493$326$180
33 years$1,474$1,017$686$454$295$159
34 years$1,415$964$641$417$267$141
35 years$1,359$915$599$384$242$124
36 years$1,307$868$560$354$219$110
37 years$1,258$824$525$326$199$97
38 years$1,211$783$491$300$180$86
39 years$1,167$745$460$277$163$76
40 years$1,125$709$431$256$148$68
41 years$1,085$675$405$236$135$60
42 years$1,048$643$379$218$122$53
43 years$1,012$612$356$201$111$47
44 years$978$584$334$185$101$42
45 years$945$557$314$171$91$37
46 years$914$531$295$158$83$33
47 years$885$507$277$146$75$29
48 years$856$484$260$135$68$26
49 years$829$462$245$125$62$23
50 years$804$441$230$115$56$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $823,000, adding $4,364 every year, while hoping to spend $22,583 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: 63/30/7 Blend
57$823,000$823,000$823,000$823,000
58$911,447$867,828$855,072$967,381
59$980,387$886,324$859,689$1,023,717
60$1,055,601$904,969$863,703$1,082,155
61$1,137,707$923,746$867,072$1,145,374
62$1,227,382$942,639$869,747$1,213,837
63$1,325,373$961,627$871,682$1,288,051
64$1,432,503$980,688$872,825$1,368,578
65$1,549,676$999,799$873,122$1,456,034
66$1,677,888$1,018,935$872,518$1,551,099
67$1,818,238$1,038,068$870,952$1,654,523
68$1,971,934$1,057,169$868,365$1,767,130
69$2,140,306$1,076,205$864,690$1,889,831
70$2,324,820$1,095,142$859,860$2,023,625
71$2,527,090$1,113,942$853,803$2,169,618
72$2,748,893$1,132,565$846,445$2,329,024
73$2,992,187$1,150,968$837,708$2,503,185
74$3,259,129$1,169,104$827,510$2,693,577
75$3,552,094$1,186,924$815,766$2,901,827
76$3,873,698$1,204,373$802,384$3,129,728
77$4,226,823$1,221,396$787,272$3,379,257
78$4,614,644$1,237,929$770,331$3,652,591
79$5,040,659$1,253,909$751,458$3,952,130
80$5,508,720$1,269,264$730,545$4,280,519
81$6,023,071$1,283,919$707,480$4,640,674
82$6,588,388$1,297,796$682,145$5,035,807
83$7,209,824$1,310,807$654,417$5,469,459
84$7,893,052$1,322,863$624,166$5,945,533
85$8,644,326$1,333,867$591,258$6,468,328
86$9,470,535$1,343,714$555,553$7,042,585
87$10,379,269$1,352,295$516,903$7,673,529
88$11,378,890$1,359,492$475,155$8,366,918
89$12,478,611$1,365,182$430,147$9,129,096
90$13,688,585$1,369,232$381,713$9,967,059
91$15,019,997$1,371,500$329,676$10,888,515
92$16,485,171$1,371,838$273,855$11,901,961
93$18,097,686$1,370,086$214,057$13,016,759
94$19,872,505$1,366,075$150,083$14,243,231
95$21,826,115$1,359,627$81,725$15,592,752
96$23,976,681$1,350,551$8,765$17,077,858
97$26,344,220$1,338,646$0$18,712,365
98$28,950,789$1,323,698$0$20,516,664
99$31,820,691$1,305,481$0$22,503,412
100$34,980,706$1,283,754$0$24,690,470