Can I retire at age 58 with 828,000?

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 $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%18.4%
1 years$68,375$67,766$67,172$66,592$66,026$63,785
2 years$33,849$33,219$32,608$32,015$31,441$29,205
3 years$22,342$21,709$21,099$20,513$19,947$17,788
4 years$16,590$15,958$15,355$14,778$14,227$12,160
5 years$13,139$12,512$11,916$11,351$10,815$8,846
6 years$10,839$10,217$9,630$9,078$8,557$6,688
7 years$9,197$8,580$8,003$7,463$6,959$5,189
8 years$7,966$7,355$6,787$6,261$5,774$4,101
9 years$7,010$6,403$5,845$5,333$4,862$3,285
10 years$6,244$5,644$5,096$4,597$4,143$2,659
11 years$5,619$5,025$4,487$4,001$3,563$2,169
12 years$5,098$4,510$3,982$3,509$3,088$1,781
13 years$4,658$4,076$3,557$3,098$2,692$1,470
14 years$4,280$3,705$3,196$2,750$2,360$1,218
15 years$3,954$3,384$2,886$2,453$2,078$1,012
16 years$3,668$3,105$2,617$2,196$1,837$843
17 years$3,417$2,860$2,381$1,973$1,628$704
18 years$3,193$2,642$2,173$1,778$1,448$590
19 years$2,994$2,449$1,990$1,607$1,291$494
20 years$2,814$2,276$1,826$1,455$1,153$415
21 years$2,652$2,120$1,680$1,321$1,032$348
22 years$2,505$1,979$1,548$1,201$925$293
23 years$2,370$1,851$1,429$1,094$830$246
24 years$2,248$1,734$1,322$997$746$207
25 years$2,135$1,627$1,224$911$671$175
26 years$2,031$1,529$1,136$833$605$147
27 years$1,935$1,439$1,054$762$545$124
28 years$1,845$1,356$980$698$492$105
29 years$1,763$1,279$912$641$444$88
30 years$1,685$1,208$850$588$401$74
31 years$1,613$1,142$792$540$363$63
32 years$1,546$1,081$739$496$328$53
33 years$1,483$1,024$690$456$297$45
34 years$1,423$970$645$420$269$38
35 years$1,368$920$603$386$244$32
36 years$1,315$873$564$356$221$27
37 years$1,265$829$528$328$200$23
38 years$1,218$788$494$302$181$19
39 years$1,174$750$463$279$164$16
40 years$1,132$713$434$257$149$14
41 years$1,092$679$407$237$135$12
42 years$1,054$647$382$219$123$10
43 years$1,018$616$358$202$111$8
44 years$984$587$336$187$101$7
45 years$951$560$316$172$92$6
46 years$920$534$297$159$83$5
47 years$890$510$279$147$76$4
48 years$862$487$262$136$69$4
49 years$834$465$246$126$62$3
50 years$808$444$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 $828,000, adding $2,109 every year, while hoping to spend $58,334 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: 61/25/14 Blend
57$828,000$828,000$828,000$828,000
58$914,631$870,747$857,913$967,146
59$945,857$851,347$824,587$983,312
60$978,312$829,041$788,188$994,168
61$1,012,061$803,625$748,554$1,004,615
62$1,047,173$774,884$705,511$1,014,617
63$1,083,720$742,589$658,881$1,024,138
64$1,121,781$706,498$608,476$1,033,140
65$1,161,442$666,355$554,099$1,041,586
66$1,202,793$621,890$495,545$1,049,437
67$1,245,932$572,818$432,600$1,056,652
68$1,290,966$518,835$365,042$1,063,191
69$1,338,009$459,622$292,635$1,069,014
70$1,387,185$394,842$215,137$1,074,080
71$1,438,626$324,138$132,292$1,078,348
72$1,492,478$247,132$43,836$1,081,780
73$1,548,897$163,428$0$1,084,335
74$1,608,052$72,604$0$1,093,528
75$1,670,128$0$0$1,109,251
76$1,735,324$0$0$1,132,051
77$1,803,858$0$0$1,177,035
78$1,875,965$0$0$1,224,387
79$1,951,903$0$0$1,274,279
80$2,031,952$0$0$1,326,898
81$2,116,415$0$0$1,382,447
82$2,205,626$0$0$1,441,148
83$2,299,946$0$0$1,503,244
84$2,399,771$0$0$1,568,999
85$2,505,533$0$0$1,638,703
86$2,617,704$0$0$1,712,671
87$2,736,799$0$0$1,791,249
88$2,863,383$0$0$1,874,814
89$2,998,073$0$0$1,963,780
90$3,141,543$0$0$2,058,599
91$3,294,534$0$0$2,159,766
92$3,457,856$0$0$2,267,826
93$3,632,396$0$0$2,383,371
94$3,819,126$0$0$2,507,056
95$4,019,115$0$0$2,639,595
96$4,233,531$0$0$2,781,772
97$4,463,658$0$0$2,934,449
98$4,710,904$0$0$3,098,571
99$4,976,817$0$0$3,275,174
100$5,263,092$0$0$3,465,399