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%13.4%
1 years$68,458$67,848$67,253$66,673$66,106$65,172
2 years$33,890$33,259$32,647$32,054$31,479$30,540
3 years$22,369$21,735$21,125$20,537$19,971$19,056
4 years$16,610$15,978$15,374$14,796$14,244$13,360
5 years$13,155$12,527$11,930$11,365$10,828$9,977
6 years$10,852$10,229$9,642$9,089$8,568$7,752
7 years$9,208$8,590$8,012$7,472$6,968$6,187
8 years$7,976$7,363$6,795$6,268$5,781$5,034
9 years$7,018$6,411$5,853$5,339$4,868$4,156
10 years$6,252$5,651$5,102$4,602$4,148$3,470
11 years$5,626$5,031$4,492$4,005$3,567$2,923
12 years$5,104$4,515$3,987$3,513$3,091$2,479
13 years$4,663$4,081$3,562$3,102$2,696$2,115
14 years$4,286$3,709$3,200$2,753$2,363$1,814
15 years$3,959$3,388$2,889$2,456$2,081$1,561
16 years$3,673$3,109$2,620$2,199$1,839$1,348
17 years$3,421$2,863$2,384$1,975$1,630$1,167
18 years$3,197$2,646$2,176$1,780$1,450$1,013
19 years$2,997$2,452$1,992$1,609$1,292$882
20 years$2,818$2,278$1,828$1,457$1,154$768
21 years$2,655$2,122$1,682$1,322$1,033$671
22 years$2,508$1,981$1,550$1,202$926$586
23 years$2,373$1,853$1,431$1,095$831$513
24 years$2,250$1,736$1,323$999$747$449
25 years$2,137$1,629$1,226$912$672$394
26 years$2,033$1,531$1,137$834$605$345
27 years$1,937$1,441$1,056$763$546$303
28 years$1,848$1,358$981$699$493$266
29 years$1,765$1,281$913$641$445$234
30 years$1,687$1,210$851$589$402$206
31 years$1,615$1,144$793$541$363$181
32 years$1,548$1,082$740$497$329$159
33 years$1,485$1,025$691$457$297$140
34 years$1,425$971$646$420$269$123
35 years$1,369$921$604$387$244$108
36 years$1,317$874$565$356$221$95
37 years$1,267$830$528$328$200$84
38 years$1,220$789$495$303$182$74
39 years$1,176$750$464$279$165$65
40 years$1,133$714$435$257$149$57
41 years$1,093$680$407$237$136$51
42 years$1,055$647$382$219$123$45
43 years$1,019$617$359$202$112$39
44 years$985$588$337$187$101$35
45 years$952$561$316$173$92$31
46 years$921$535$297$159$83$27
47 years$891$510$279$147$76$24
48 years$863$487$262$136$69$21
49 years$835$465$246$126$63$18
50 years$809$444$232$116$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $829,000, adding $4,139 every year, while hoping to spend $28,636 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: 68/11/21 Blend
57$829,000$829,000$829,000$829,000
58$917,827$873,890$861,041$975,148
59$980,977$886,243$859,417$1,026,384
60$1,049,609$898,240$856,780$1,078,704
61$1,124,251$909,836$853,063$1,135,250
62$1,205,485$920,978$848,202$1,196,438
63$1,293,951$931,613$842,124$1,262,726
64$1,390,355$941,683$834,755$1,334,618
65$1,495,471$951,126$826,020$1,412,674
66$1,610,153$959,875$815,835$1,497,505
67$1,735,341$967,860$804,117$1,589,791
68$1,872,067$975,007$790,777$1,690,278
69$2,021,470$981,235$775,720$1,799,790
70$2,184,804$986,459$758,851$1,919,235
71$2,363,448$990,590$740,066$2,049,613
72$2,558,921$993,530$719,260$2,192,031
73$2,772,896$995,178$696,320$2,347,704
74$3,007,215$995,425$671,131$2,517,976
75$3,263,907$994,156$643,569$2,704,327
76$3,545,204$991,249$613,507$2,908,389
77$3,853,567$986,573$580,813$3,131,961
78$4,191,707$979,990$545,345$3,377,030
79$4,562,606$971,355$506,960$3,645,781
80$4,969,553$960,512$465,504$3,940,628
81$5,416,167$947,297$420,818$4,264,230
82$5,906,437$931,536$372,736$4,619,520
83$6,444,756$913,044$321,085$5,009,731
84$7,035,964$891,625$265,684$5,438,428
85$7,685,390$867,073$206,342$5,909,540
86$8,398,908$839,168$142,863$6,427,401
87$9,182,988$807,678$75,041$6,996,787
88$10,044,757$772,359$2,658$7,622,964
89$10,992,067$732,949$0$8,311,738
90$12,033,569$689,175$0$9,086,221
91$13,178,794$640,745$0$9,938,479
92$14,438,243$587,354$0$10,875,749
93$15,823,485$528,675$0$11,906,662
94$17,347,266$464,366$0$13,040,729
95$19,023,632$394,064$0$14,288,434
96$20,868,055$317,386$0$15,661,327
97$22,897,586$233,928$0$17,172,137
98$25,131,011$143,261$0$18,834,892
99$27,589,027$44,934$0$20,665,050
100$30,294,443$0$0$22,679,647