Can I retire at age 58 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$68,128$67,521$66,929$66,351$65,787$65,073
2 years$33,727$33,098$32,490$31,899$31,327$30,608
3 years$22,261$21,630$21,023$20,438$19,875$19,174
4 years$16,529$15,900$15,299$14,725$14,175$13,496
5 years$13,091$12,466$11,873$11,310$10,776$10,122
6 years$10,800$10,180$9,595$9,045$8,526$7,898
7 years$9,164$8,549$7,974$7,436$6,934$6,332
8 years$7,938$7,328$6,762$6,238$5,753$5,176
9 years$6,984$6,380$5,824$5,313$4,845$4,293
10 years$6,222$5,624$5,078$4,580$4,128$3,602
11 years$5,599$5,007$4,470$3,986$3,550$3,049
12 years$5,080$4,494$3,967$3,496$3,076$2,600
13 years$4,641$4,061$3,545$3,087$2,683$2,230
14 years$4,265$3,691$3,185$2,740$2,352$1,922
15 years$3,940$3,372$2,875$2,444$2,071$1,663
16 years$3,655$3,094$2,607$2,188$1,830$1,444
17 years$3,404$2,849$2,372$1,966$1,623$1,258
18 years$3,182$2,633$2,166$1,772$1,443$1,098
19 years$2,983$2,440$1,982$1,601$1,286$961
20 years$2,804$2,267$1,819$1,450$1,149$842
21 years$2,642$2,112$1,674$1,316$1,028$740
22 years$2,496$1,972$1,542$1,196$921$650
23 years$2,362$1,844$1,424$1,090$827$572
24 years$2,239$1,728$1,317$994$743$504
25 years$2,127$1,621$1,220$908$669$445
26 years$2,023$1,524$1,131$830$603$393
27 years$1,928$1,434$1,051$760$543$347
28 years$1,839$1,351$977$696$490$307
29 years$1,756$1,275$909$638$443$271
30 years$1,679$1,204$847$586$400$240
31 years$1,608$1,138$789$538$362$212
32 years$1,540$1,077$736$494$327$188
33 years$1,477$1,020$688$455$296$167
34 years$1,418$967$642$418$268$148
35 years$1,363$917$601$385$243$131
36 years$1,310$870$562$355$220$116
37 years$1,261$826$526$327$199$103
38 years$1,214$785$492$301$181$91
39 years$1,170$747$461$278$164$81
40 years$1,128$711$432$256$149$72
41 years$1,088$676$406$236$135$64
42 years$1,050$644$380$218$122$57
43 years$1,014$614$357$201$111$50
44 years$980$585$335$186$101$45
45 years$948$558$315$172$92$40
46 years$917$532$295$159$83$35
47 years$887$508$278$147$75$31
48 years$859$485$261$135$69$28
49 years$831$463$245$125$62$25
50 years$805$442$231$116$57$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $825,000, adding $6,552 every year, while hoping to spend $39,935 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: 52/36/12 Blend
57$825,000$825,000$825,000$825,000
58$915,908$872,183$859,396$960,301
59$966,841$872,430$845,695$991,560
60$1,021,629$871,350$830,197$1,020,726
61$1,080,626$868,836$812,799$1,051,530
62$1,144,216$864,776$793,394$1,084,136
63$1,212,823$859,047$771,870$1,118,727
64$1,286,913$851,523$748,110$1,155,509
65$1,366,998$842,066$721,991$1,194,707
66$1,453,638$830,534$693,384$1,236,573
67$1,547,454$816,775$662,157$1,281,388
68$1,649,122$800,625$628,167$1,329,463
69$1,759,392$781,915$591,270$1,381,142
70$1,879,084$760,463$551,312$1,436,810
71$2,009,102$736,077$508,132$1,496,892
72$2,150,440$708,554$461,564$1,561,860
73$2,304,191$677,680$411,433$1,632,239
74$2,471,559$643,226$357,556$1,708,609
75$2,653,867$604,953$299,743$1,791,614
76$2,852,572$562,607$237,795$1,881,970
77$3,069,277$515,917$171,504$1,980,467
78$3,305,747$464,601$100,653$2,087,982
79$3,563,925$408,357$25,016$2,205,488
80$3,845,947$346,869$0$2,334,060
81$4,154,169$279,801$0$2,482,023
82$4,491,181$206,798$0$2,647,445
83$4,859,837$127,486$0$2,828,613
84$5,263,278$41,471$0$3,027,180
85$5,704,964$0$0$3,244,968
86$6,188,704$0$0$3,504,462
87$6,718,694$0$0$3,806,847
88$7,299,553$0$0$4,138,341
89$7,936,369$0$0$4,501,857
90$8,634,747$0$0$4,900,607
91$9,400,859$0$0$5,338,125
92$10,241,503$0$0$5,818,306
93$11,164,168$0$0$6,345,439
94$12,177,103$0$0$6,924,251
95$13,289,395$0$0$7,559,947
96$14,511,052$0$0$8,258,260
97$15,853,102$0$0$9,025,508
98$17,327,691$0$0$9,868,650
99$18,948,202$0$0$10,795,352
100$20,729,378$0$0$11,814,061