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%17.6%
1 years$68,375$67,766$67,172$66,592$66,026$63,989
2 years$33,849$33,219$32,608$32,015$31,441$29,407
3 years$22,342$21,709$21,099$20,513$19,947$17,980
4 years$16,590$15,958$15,355$14,778$14,227$12,340
5 years$13,139$12,512$11,916$11,351$10,815$9,015
6 years$10,839$10,217$9,630$9,078$8,557$6,846
7 years$9,197$8,580$8,003$7,463$6,959$5,336
8 years$7,966$7,355$6,787$6,261$5,774$4,237
9 years$7,010$6,403$5,845$5,333$4,862$3,411
10 years$6,244$5,644$5,096$4,597$4,143$2,775
11 years$5,619$5,025$4,487$4,001$3,563$2,275
12 years$5,098$4,510$3,982$3,509$3,088$1,878
13 years$4,658$4,076$3,557$3,098$2,692$1,558
14 years$4,280$3,705$3,196$2,750$2,360$1,298
15 years$3,954$3,384$2,886$2,453$2,078$1,085
16 years$3,668$3,105$2,617$2,196$1,837$910
17 years$3,417$2,860$2,381$1,973$1,628$764
18 years$3,193$2,642$2,173$1,778$1,448$643
19 years$2,994$2,449$1,990$1,607$1,291$542
20 years$2,814$2,276$1,826$1,455$1,153$458
21 years$2,652$2,120$1,680$1,321$1,032$387
22 years$2,505$1,979$1,548$1,201$925$327
23 years$2,370$1,851$1,429$1,094$830$277
24 years$2,248$1,734$1,322$997$746$235
25 years$2,135$1,627$1,224$911$671$199
26 years$2,031$1,529$1,136$833$605$169
27 years$1,935$1,439$1,054$762$545$143
28 years$1,845$1,356$980$698$492$122
29 years$1,763$1,279$912$641$444$103
30 years$1,685$1,208$850$588$401$88
31 years$1,613$1,142$792$540$363$74
32 years$1,546$1,081$739$496$328$63
33 years$1,483$1,024$690$456$297$54
34 years$1,423$970$645$420$269$46
35 years$1,368$920$603$386$244$39
36 years$1,315$873$564$356$221$33
37 years$1,265$829$528$328$200$28
38 years$1,218$788$494$302$181$24
39 years$1,174$750$463$279$164$20
40 years$1,132$713$434$257$149$17
41 years$1,092$679$407$237$135$15
42 years$1,054$647$382$219$123$12
43 years$1,018$616$358$202$111$11
44 years$984$587$336$187$101$9
45 years$951$560$316$172$92$8
46 years$920$534$297$159$83$7
47 years$890$510$279$147$76$6
48 years$862$487$262$136$69$5
49 years$834$465$246$126$62$4
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 $2,745 every year, while hoping to spend $21,063 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: 43/39/18 Blend
57$828,000$828,000$828,000$828,000
58$915,287$871,403$858,569$949,742
59$986,236$891,691$864,921$994,585
60$1,063,715$912,267$870,779$1,040,856
61$1,148,369$933,124$876,105$1,090,543
62$1,240,907$954,250$880,858$1,143,973
63$1,342,108$975,638$884,996$1,201,501
64$1,452,833$997,274$888,473$1,263,523
65$1,574,028$1,019,146$891,243$1,330,472
66$1,706,734$1,041,239$893,255$1,402,828
67$1,852,099$1,063,538$894,457$1,481,117
68$2,011,386$1,086,025$894,795$1,565,922
69$2,185,988$1,108,681$894,210$1,657,883
70$2,377,436$1,131,483$892,644$1,757,707
71$2,587,419$1,154,411$890,032$1,866,172
72$2,817,796$1,177,437$886,308$1,984,137
73$3,070,616$1,200,535$881,404$2,112,548
74$3,348,132$1,223,676$875,245$2,252,448
75$3,652,832$1,246,826$867,755$2,404,988
76$3,987,451$1,269,951$858,856$2,571,436
77$4,355,005$1,293,013$848,462$2,753,189
78$4,758,817$1,315,971$836,486$2,951,789
79$5,202,544$1,338,782$822,836$3,168,934
80$5,690,219$1,361,397$807,417$3,406,498
81$6,226,283$1,383,767$790,127$3,666,546
82$6,815,628$1,405,837$770,860$3,951,354
83$7,463,647$1,427,547$749,508$4,263,433
84$8,176,277$1,448,834$725,955$4,605,550
85$8,960,062$1,469,633$700,080$4,980,756
86$9,822,212$1,489,869$671,756$5,392,413
87$10,770,671$1,509,465$640,853$5,844,231
88$11,814,190$1,528,340$607,233$6,340,296
89$12,962,413$1,546,404$570,751$6,885,116
90$14,225,965$1,563,563$531,256$7,483,659
91$15,616,553$1,579,717$488,592$8,141,402
92$17,147,076$1,594,758$442,595$8,864,384
93$18,831,748$1,608,571$393,092$9,659,260
94$20,686,230$1,621,035$339,904$10,533,369
95$22,727,778$1,632,019$282,845$11,494,801
96$24,975,409$1,641,386$221,717$12,552,472
97$27,450,075$1,648,987$156,319$13,716,214
98$30,174,862$1,654,667$86,435$14,996,863
99$33,175,211$1,658,259$11,843$16,406,365
100$36,479,155$1,659,586$0$17,957,888