Can I retire at age 58 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$68,375$67,766$67,172$66,592$66,026$64,587
2 years$33,849$33,219$32,608$32,015$31,441$29,999
3 years$22,342$21,709$21,099$20,513$19,947$18,547
4 years$16,590$15,958$15,355$14,778$14,227$12,878
5 years$13,139$12,512$11,916$11,351$10,815$9,523
6 years$10,839$10,217$9,630$9,078$8,557$7,323
7 years$9,197$8,580$8,003$7,463$6,959$5,782
8 years$7,966$7,355$6,787$6,261$5,774$4,654
9 years$7,010$6,403$5,845$5,333$4,862$3,799
10 years$6,244$5,644$5,096$4,597$4,143$3,135
11 years$5,619$5,025$4,487$4,001$3,563$2,609
12 years$5,098$4,510$3,982$3,509$3,088$2,186
13 years$4,658$4,076$3,557$3,098$2,692$1,842
14 years$4,280$3,705$3,196$2,750$2,360$1,559
15 years$3,954$3,384$2,886$2,453$2,078$1,324
16 years$3,668$3,105$2,617$2,196$1,837$1,129
17 years$3,417$2,860$2,381$1,973$1,628$964
18 years$3,193$2,642$2,173$1,778$1,448$826
19 years$2,994$2,449$1,990$1,607$1,291$708
20 years$2,814$2,276$1,826$1,455$1,153$608
21 years$2,652$2,120$1,680$1,321$1,032$523
22 years$2,505$1,979$1,548$1,201$925$451
23 years$2,370$1,851$1,429$1,094$830$389
24 years$2,248$1,734$1,322$997$746$335
25 years$2,135$1,627$1,224$911$671$289
26 years$2,031$1,529$1,136$833$605$250
27 years$1,935$1,439$1,054$762$545$216
28 years$1,845$1,356$980$698$492$187
29 years$1,763$1,279$912$641$444$162
30 years$1,685$1,208$850$588$401$140
31 years$1,613$1,142$792$540$363$121
32 years$1,546$1,081$739$496$328$105
33 years$1,483$1,024$690$456$297$91
34 years$1,423$970$645$420$269$79
35 years$1,368$920$603$386$244$68
36 years$1,315$873$564$356$221$59
37 years$1,265$829$528$328$200$51
38 years$1,218$788$494$302$181$44
39 years$1,174$750$463$279$164$38
40 years$1,132$713$434$257$149$33
41 years$1,092$679$407$237$135$29
42 years$1,054$647$382$219$123$25
43 years$1,018$616$358$202$111$22
44 years$984$587$336$187$101$19
45 years$951$560$316$172$92$16
46 years$920$534$297$159$83$14
47 years$890$510$279$147$76$12
48 years$862$487$262$136$69$11
49 years$834$465$246$126$62$9
50 years$808$444$231$116$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $828,000, adding $2,060 every year, while hoping to spend $48,494 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: 57/21/22 Blend
57$828,000$828,000$828,000$828,000
58$914,581$870,697$857,863$961,182
59$956,271$861,764$835,004$984,276
60$1,000,588$850,768$809,754$1,004,073
61$1,047,749$837,556$781,982$1,024,599
62$1,097,991$821,968$751,550$1,045,936
63$1,151,574$803,832$718,315$1,068,177
64$1,208,782$782,968$682,126$1,091,427
65$1,269,928$759,183$642,827$1,115,804
66$1,335,353$732,275$600,254$1,141,440
67$1,405,431$702,030$554,235$1,168,487
68$1,480,575$668,219$504,592$1,197,110
69$1,561,235$630,603$451,137$1,227,498
70$1,647,906$588,927$393,675$1,259,861
71$1,741,131$542,923$332,002$1,294,436
72$1,841,507$492,307$265,904$1,331,486
73$1,949,689$436,778$195,160$1,371,307
74$2,066,396$376,020$119,537$1,414,226
75$2,192,419$309,696$38,793$1,460,614
76$2,328,628$237,452$0$1,510,878
77$2,475,976$158,915$0$1,576,599
78$2,635,512$73,689$0$1,657,606
79$2,808,392$0$0$1,745,415
80$2,995,884$0$0$1,845,033
81$3,199,382$0$0$1,971,699
82$3,420,421$0$0$2,109,347
83$3,660,689$0$0$2,259,036
84$3,922,044$0$0$2,421,931
85$4,206,527$0$0$2,599,314
86$4,516,387$0$0$2,792,596
87$4,854,098$0$0$3,003,329
88$5,222,383$0$0$3,233,223
89$5,624,237$0$0$3,484,158
90$6,062,959$0$0$3,758,205
91$6,542,180$0$0$4,057,642
92$7,065,897$0$0$4,384,979
93$7,638,510$0$0$4,742,978
94$8,264,864$0$0$5,134,681
95$8,950,294$0$0$5,563,437
96$9,700,673$0$0$6,032,935
97$10,522,471$0$0$6,547,235
98$11,422,811$0$0$7,110,810
99$12,409,537$0$0$7,728,587
100$13,491,290$0$0$8,405,989