Can I retire at age 58 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$68,210$67,603$67,010$66,431$65,866$63,529
2 years$33,767$33,139$32,529$31,938$31,365$29,035
3 years$22,288$21,656$21,048$20,463$19,899$17,650
4 years$16,549$15,920$15,318$14,743$14,192$12,041
5 years$13,107$12,481$11,887$11,324$10,789$8,741
6 years$10,813$10,192$9,607$9,056$8,537$6,594
7 years$9,175$8,559$7,983$7,445$6,943$5,105
8 years$7,947$7,337$6,770$6,246$5,760$4,025
9 years$6,993$6,388$5,831$5,320$4,850$3,216
10 years$6,229$5,631$5,084$4,586$4,133$2,597
11 years$5,605$5,013$4,476$3,991$3,554$2,113
12 years$5,086$4,499$3,972$3,501$3,080$1,730
13 years$4,646$4,066$3,549$3,091$2,686$1,424
14 years$4,270$3,696$3,189$2,743$2,354$1,176
15 years$3,944$3,376$2,879$2,447$2,073$975
16 years$3,659$3,098$2,610$2,191$1,832$810
17 years$3,408$2,853$2,375$1,968$1,625$675
18 years$3,186$2,636$2,168$1,774$1,444$563
19 years$2,986$2,443$1,985$1,603$1,287$470
20 years$2,807$2,270$1,822$1,452$1,150$393
21 years$2,646$2,115$1,676$1,317$1,029$329
22 years$2,499$1,974$1,544$1,198$922$276
23 years$2,365$1,846$1,426$1,091$828$232
24 years$2,242$1,730$1,319$995$744$194
25 years$2,130$1,623$1,221$909$670$163
26 years$2,026$1,526$1,133$831$603$137
27 years$1,930$1,436$1,052$761$544$115
28 years$1,841$1,353$978$697$491$97
29 years$1,758$1,276$910$639$443$81
30 years$1,681$1,205$848$586$400$68
31 years$1,610$1,139$790$539$362$58
32 years$1,542$1,078$737$495$327$48
33 years$1,479$1,021$688$455$296$41
34 years$1,420$968$643$419$268$34
35 years$1,364$918$601$386$243$29
36 years$1,312$871$563$355$220$24
37 years$1,262$827$527$327$200$20
38 years$1,216$786$493$302$181$17
39 years$1,171$748$462$278$164$14
40 years$1,129$711$433$256$149$12
41 years$1,089$677$406$237$135$10
42 years$1,052$645$381$218$123$9
43 years$1,016$615$357$202$111$7
44 years$981$586$335$186$101$6
45 years$949$559$315$172$92$5
46 years$918$533$296$159$83$4
47 years$888$508$278$147$76$4
48 years$860$485$261$136$69$3
49 years$832$464$245$125$62$3
50 years$806$443$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $826,000, adding $5,218 every year, while hoping to spend $55,097 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: 73/7/20 Blend
57$826,000$826,000$826,000$826,000
58$915,634$871,856$859,053$977,723
59$950,406$855,955$829,209$1,003,773
60$986,878$837,427$796,518$1,025,152
61$1,025,166$816,087$760,827$1,047,169
62$1,065,394$791,736$721,976$1,069,879
63$1,107,698$764,165$679,796$1,093,339
64$1,152,227$733,153$634,113$1,117,618
65$1,199,142$698,465$584,744$1,142,790
66$1,248,618$659,853$531,496$1,168,937
67$1,300,845$617,055$474,170$1,196,155
68$1,356,034$569,793$412,557$1,224,546
69$1,414,410$517,774$346,438$1,254,227
70$1,476,223$460,687$275,587$1,285,329
71$1,541,743$398,207$199,764$1,317,997
72$1,611,267$329,985$118,723$1,352,392
73$1,685,119$255,657$32,203$1,388,695
74$1,763,653$174,836$0$1,427,107
75$1,847,258$87,115$0$1,480,684
76$1,936,356$0$0$1,545,010
77$2,031,415$0$0$1,614,159
78$2,132,941$0$0$1,695,202
79$2,241,495$0$0$1,781,878
80$2,357,688$0$0$1,874,679
81$2,482,190$0$0$1,974,144
82$2,615,739$0$0$2,080,864
83$2,759,140$0$0$2,195,488
84$2,913,282$0$0$2,318,728
85$3,079,136$0$0$2,451,367
86$3,257,772$0$0$2,594,264
87$3,450,361$0$0$2,748,360
88$3,658,195$0$0$2,914,694
89$3,882,688$0$0$3,094,402
90$4,125,398$0$0$3,288,736
91$4,388,034$0$0$3,499,072
92$4,672,476$0$0$3,726,921
93$4,980,794$0$0$3,973,945
94$5,315,259$0$0$4,241,972
95$5,678,372$0$0$4,533,013
96$6,072,882$0$0$4,849,278
97$6,501,815$0$0$5,193,200
98$6,968,498$0$0$5,567,454
99$7,476,594$0$0$5,974,986
100$8,030,130$0$0$6,419,035