Can I retire at age 58 with 826,000?

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 $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%13.9%
1 years$68,210$67,603$67,010$66,431$65,866$64,802
2 years$33,767$33,139$32,529$31,938$31,365$30,295
3 years$22,288$21,656$21,048$20,463$19,899$18,858
4 years$16,549$15,920$15,318$14,743$14,192$13,187
5 years$13,107$12,481$11,887$11,324$10,789$9,823
6 years$10,813$10,192$9,607$9,056$8,537$7,611
7 years$9,175$8,559$7,983$7,445$6,943$6,058
8 years$7,947$7,337$6,770$6,246$5,760$4,915
9 years$6,993$6,388$5,831$5,320$4,850$4,046
10 years$6,229$5,631$5,084$4,586$4,133$3,367
11 years$5,605$5,013$4,476$3,991$3,554$2,828
12 years$5,086$4,499$3,972$3,501$3,080$2,391
13 years$4,646$4,066$3,549$3,091$2,686$2,033
14 years$4,270$3,696$3,189$2,743$2,354$1,737
15 years$3,944$3,376$2,879$2,447$2,073$1,490
16 years$3,659$3,098$2,610$2,191$1,832$1,282
17 years$3,408$2,853$2,375$1,968$1,625$1,107
18 years$3,186$2,636$2,168$1,774$1,444$957
19 years$2,986$2,443$1,985$1,603$1,287$830
20 years$2,807$2,270$1,822$1,452$1,150$720
21 years$2,646$2,115$1,676$1,317$1,029$626
22 years$2,499$1,974$1,544$1,198$922$545
23 years$2,365$1,846$1,426$1,091$828$475
24 years$2,242$1,730$1,319$995$744$415
25 years$2,130$1,623$1,221$909$670$362
26 years$2,026$1,526$1,133$831$603$316
27 years$1,930$1,436$1,052$761$544$276
28 years$1,841$1,353$978$697$491$242
29 years$1,758$1,276$910$639$443$212
30 years$1,681$1,205$848$586$400$185
31 years$1,610$1,139$790$539$362$162
32 years$1,542$1,078$737$495$327$142
33 years$1,479$1,021$688$455$296$125
34 years$1,420$968$643$419$268$109
35 years$1,364$918$601$386$243$96
36 years$1,312$871$563$355$220$84
37 years$1,262$827$527$327$200$74
38 years$1,216$786$493$302$181$65
39 years$1,171$748$462$278$164$57
40 years$1,129$711$433$256$149$50
41 years$1,089$677$406$237$135$44
42 years$1,052$645$381$218$123$38
43 years$1,016$615$357$202$111$34
44 years$981$586$335$186$101$29
45 years$949$559$315$172$92$26
46 years$918$533$296$159$83$23
47 years$888$508$278$147$76$20
48 years$860$485$261$136$69$17
49 years$832$464$245$125$62$15
50 years$806$443$231$116$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $826,000, adding $2,104 every year, while hoping to spend $20,357 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: 76/9/15 Blend
57$826,000$826,000$826,000$826,000
58$912,422$868,644$855,841$978,669
59$983,830$889,548$862,852$1,043,606
60$1,061,838$910,794$869,416$1,112,023
61$1,147,100$932,377$875,496$1,186,473
62$1,240,333$954,292$881,053$1,267,550
63$1,342,326$976,532$886,048$1,355,911
64$1,453,950$999,089$890,437$1,452,276
65$1,576,164$1,021,955$894,177$1,557,440
66$1,710,021$1,045,119$897,221$1,672,278
67$1,856,684$1,068,571$899,519$1,797,755
68$2,017,432$1,092,297$901,019$1,934,934
69$2,193,675$1,116,284$901,668$2,084,984
70$2,386,964$1,140,516$901,408$2,249,196
71$2,599,008$1,164,976$900,179$2,428,990
72$2,831,692$1,189,644$897,920$2,625,932
73$3,087,088$1,214,500$894,564$2,841,746
74$3,367,481$1,239,521$890,042$3,078,334
75$3,675,388$1,264,681$884,282$3,337,789
76$4,013,581$1,289,954$877,208$3,622,419
77$4,385,113$1,315,309$868,742$3,934,766
78$4,793,349$1,340,714$858,800$4,277,633
79$5,241,996$1,366,134$847,294$4,654,107
80$5,735,135$1,391,530$834,135$5,067,589
81$6,277,267$1,416,863$819,226$5,521,829
82$6,873,346$1,442,087$802,468$6,020,958
83$7,528,832$1,467,155$783,756$6,569,528
84$8,249,743$1,492,014$762,981$7,172,556
85$9,042,704$1,516,611$740,028$7,835,570
86$9,915,019$1,540,884$714,779$8,564,662
87$10,874,734$1,564,771$687,107$9,366,545
88$11,930,715$1,588,202$656,882$10,248,617
89$13,092,728$1,611,104$623,968$11,219,032
90$14,371,536$1,633,398$588,221$12,286,773
91$15,778,999$1,655,000$549,492$13,461,742
92$17,328,181$1,675,820$507,626$14,754,849
93$19,033,482$1,695,762$462,457$16,178,118
94$20,910,765$1,714,722$413,818$17,744,800
95$22,977,511$1,732,591$361,528$19,469,497
96$25,252,981$1,749,252$305,403$21,368,302
97$27,758,400$1,764,580$245,249$23,458,949
98$30,517,154$1,778,442$180,862$25,760,981
99$33,555,014$1,790,696$112,031$28,295,935
100$36,900,377$1,801,191$38,536$31,087,545