Can I retire at age 58 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$68,293$67,685$67,091$66,512$65,946$63,708
2 years$33,808$33,179$32,568$31,977$31,403$29,170
3 years$22,315$21,683$21,074$20,488$19,923$17,766
4 years$16,569$15,939$15,336$14,760$14,209$12,145
5 years$13,123$12,496$11,902$11,337$10,802$8,835
6 years$10,826$10,204$9,618$9,067$8,547$6,680
7 years$9,186$8,570$7,993$7,454$6,951$5,183
8 years$7,957$7,346$6,779$6,253$5,767$4,096
9 years$7,001$6,396$5,838$5,326$4,856$3,281
10 years$6,237$5,638$5,090$4,591$4,138$2,656
11 years$5,612$5,019$4,481$3,996$3,559$2,167
12 years$5,092$4,505$3,977$3,505$3,084$1,779
13 years$4,652$4,071$3,553$3,094$2,689$1,468
14 years$4,275$3,700$3,193$2,747$2,357$1,216
15 years$3,949$3,380$2,882$2,450$2,076$1,011
16 years$3,664$3,101$2,613$2,193$1,834$842
17 years$3,413$2,856$2,378$1,971$1,627$704
18 years$3,189$2,639$2,171$1,776$1,446$589
19 years$2,990$2,446$1,987$1,605$1,289$493
20 years$2,811$2,273$1,824$1,453$1,151$414
21 years$2,649$2,117$1,678$1,319$1,030$348
22 years$2,502$1,976$1,546$1,199$924$292
23 years$2,368$1,848$1,428$1,092$829$246
24 years$2,245$1,732$1,320$996$745$207
25 years$2,132$1,625$1,223$910$671$174
26 years$2,028$1,527$1,134$832$604$147
27 years$1,932$1,438$1,053$761$545$124
28 years$1,843$1,355$979$698$491$104
29 years$1,760$1,278$911$640$444$88
30 years$1,683$1,207$849$587$401$74
31 years$1,611$1,141$791$539$362$63
32 years$1,544$1,079$738$496$328$53
33 years$1,481$1,022$689$456$297$45
34 years$1,422$969$644$419$269$38
35 years$1,366$919$602$386$243$32
36 years$1,313$872$563$355$220$27
37 years$1,264$828$527$328$200$23
38 years$1,217$787$494$302$181$19
39 years$1,173$749$463$278$164$16
40 years$1,131$712$434$257$149$14
41 years$1,091$678$406$237$135$12
42 years$1,053$646$381$219$123$10
43 years$1,017$615$358$202$111$8
44 years$983$586$336$186$101$7
45 years$950$559$315$172$92$6
46 years$919$533$296$159$83$5
47 years$889$509$278$147$76$4
48 years$861$486$261$136$69$4
49 years$833$464$246$125$62$3
50 years$807$443$231$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $827,000, adding $4,583 every year, while hoping to spend $39,733 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: 39/43/18 Blend
57$827,000$827,000$827,000$827,000
58$916,081$872,250$859,432$946,723
59$967,246$872,715$845,947$969,558
60$1,022,298$871,871$830,679$990,086
61$1,081,591$869,612$813,526$1,011,451
62$1,145,516$865,825$794,381$1,033,749
63$1,214,499$860,391$773,134$1,057,091
64$1,289,011$853,183$749,667$1,081,599
65$1,369,568$844,067$723,859$1,107,411
66$1,456,738$832,900$695,582$1,134,685
67$1,551,145$819,532$664,703$1,163,596
68$1,653,474$803,802$631,084$1,194,339
69$1,764,481$785,540$594,577$1,227,137
70$1,884,995$764,568$555,032$1,262,236
71$2,015,927$740,695$512,289$1,299,914
72$2,158,283$713,720$466,182$1,340,480
73$2,313,166$683,431$416,537$1,384,281
74$2,481,791$649,601$363,173$1,431,703
75$2,665,496$611,994$305,902$1,483,180
76$2,865,751$570,356$244,524$1,539,192
77$3,084,177$524,422$178,834$1,600,278
78$3,322,554$473,910$108,616$1,667,036
79$3,582,845$418,522$33,645$1,740,134
80$3,867,209$357,944$0$1,820,314
81$4,178,025$291,843$0$1,917,308
82$4,517,909$219,869$0$2,030,604
83$4,889,744$141,651$0$2,154,805
84$5,296,702$56,796$0$2,291,098
85$5,742,279$0$0$2,440,799
86$6,230,322$0$0$2,621,975
87$6,765,069$0$0$2,850,044
88$7,351,186$0$0$3,100,136
89$7,993,814$0$0$3,374,458
90$8,698,613$0$0$3,675,441
91$9,471,819$0$0$4,005,763
92$10,320,299$0$0$4,368,375
93$11,251,619$0$0$4,766,524
94$12,274,110$0$0$5,203,791
95$13,396,953$0$0$5,684,117
96$14,630,258$0$0$6,211,848
97$15,985,165$0$0$6,791,768
98$17,473,946$0$0$7,429,148
99$19,110,118$0$0$8,129,797
100$20,908,575$0$0$8,900,113