Can I retire at age 58 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$68,458$67,848$67,253$66,673$66,106$63,483
2 years$33,890$33,259$32,647$32,054$31,479$28,869
3 years$22,369$21,735$21,125$20,537$19,971$17,457
4 years$16,610$15,978$15,374$14,796$14,244$11,843
5 years$13,155$12,527$11,930$11,365$10,828$8,548
6 years$10,852$10,229$9,642$9,089$8,568$6,409
7 years$9,208$8,590$8,012$7,472$6,968$4,930
8 years$7,976$7,363$6,795$6,268$5,781$3,862
9 years$7,018$6,411$5,853$5,339$4,868$3,065
10 years$6,252$5,651$5,102$4,602$4,148$2,458
11 years$5,626$5,031$4,492$4,005$3,567$1,986
12 years$5,104$4,515$3,987$3,513$3,091$1,614
13 years$4,663$4,081$3,562$3,102$2,696$1,318
14 years$4,286$3,709$3,200$2,753$2,363$1,081
15 years$3,959$3,388$2,889$2,456$2,081$889
16 years$3,673$3,109$2,620$2,199$1,839$733
17 years$3,421$2,863$2,384$1,975$1,630$605
18 years$3,197$2,646$2,176$1,780$1,450$501
19 years$2,997$2,452$1,992$1,609$1,292$415
20 years$2,818$2,278$1,828$1,457$1,154$344
21 years$2,655$2,122$1,682$1,322$1,033$286
22 years$2,508$1,981$1,550$1,202$926$237
23 years$2,373$1,853$1,431$1,095$831$197
24 years$2,250$1,736$1,323$999$747$164
25 years$2,137$1,629$1,226$912$672$137
26 years$2,033$1,531$1,137$834$605$114
27 years$1,937$1,441$1,056$763$546$95
28 years$1,848$1,358$981$699$493$79
29 years$1,765$1,281$913$641$445$66
30 years$1,687$1,210$851$589$402$55
31 years$1,615$1,144$793$541$363$46
32 years$1,548$1,082$740$497$329$38
33 years$1,485$1,025$691$457$297$32
34 years$1,425$971$646$420$269$26
35 years$1,369$921$604$387$244$22
36 years$1,317$874$565$356$221$18
37 years$1,267$830$528$328$200$15
38 years$1,220$789$495$303$182$13
39 years$1,176$750$464$279$165$11
40 years$1,133$714$435$257$149$9
41 years$1,093$680$407$237$136$7
42 years$1,055$647$382$219$123$6
43 years$1,019$617$359$202$112$5
44 years$985$588$337$187$101$4
45 years$952$561$316$173$92$4
46 years$921$535$297$159$83$3
47 years$891$510$279$147$76$2
48 years$863$487$262$136$69$2
49 years$835$465$246$126$63$2
50 years$809$444$232$116$57$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $829,000, adding $3,769 every year, while hoping to spend $21,642 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: 61/21/18 Blend
57$829,000$829,000$829,000$829,000
58$917,446$873,509$860,659$968,954
59$987,998$893,284$866,464$1,023,931
60$1,065,022$913,302$871,739$1,081,155
61$1,149,154$933,554$876,441$1,143,105
62$1,241,095$954,026$880,530$1,210,241
63$1,341,618$974,705$883,959$1,283,071
64$1,451,574$995,576$886,683$1,362,154
65$1,571,898$1,016,622$888,650$1,448,107
66$1,703,622$1,037,827$889,810$1,541,610
67$1,847,880$1,059,169$890,107$1,643,410
68$2,005,922$1,080,627$889,484$1,754,334
69$2,179,126$1,102,178$887,882$1,875,290
70$2,369,008$1,123,796$885,237$2,007,280
71$2,577,238$1,145,452$881,484$2,151,409
72$2,805,655$1,167,118$876,552$2,308,893
73$3,056,284$1,188,760$870,369$2,481,074
74$3,331,358$1,210,342$862,859$2,669,429
75$3,633,335$1,231,827$853,943$2,875,589
76$3,964,922$1,253,173$843,537$3,101,348
77$4,329,101$1,274,336$831,553$3,348,687
78$4,729,160$1,295,269$817,900$3,619,785
79$5,168,717$1,315,919$802,483$3,917,047
80$5,651,760$1,336,233$785,200$4,243,124
81$6,182,682$1,356,151$765,947$4,600,936
82$6,766,323$1,375,610$744,613$4,993,702
83$7,408,015$1,394,542$721,085$5,424,970
84$8,113,633$1,412,875$695,242$5,898,652
85$8,889,649$1,430,532$666,958$6,419,057
86$9,743,194$1,447,429$636,102$6,990,936
87$10,682,125$1,463,478$602,536$7,619,527
88$11,715,098$1,478,584$566,118$8,310,601
89$12,851,652$1,492,649$526,696$9,070,520
90$14,102,294$1,505,563$484,115$9,906,295
91$15,478,606$1,517,212$438,210$10,825,654
92$16,993,344$1,527,476$388,810$11,837,116
93$18,660,567$1,536,224$335,737$12,950,069
94$20,495,764$1,543,319$278,804$14,174,861
95$22,516,004$1,548,613$217,816$15,522,896
96$24,740,093$1,551,952$152,569$17,006,745
97$27,188,754$1,553,169$82,852$18,640,262
98$29,884,821$1,552,089$8,442$20,438,717
99$32,853,456$1,548,525$0$22,418,940
100$36,122,384$1,542,278$0$24,613,110