Can I retire at age 58 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$68,623$68,012$67,416$66,833$66,265$64,454
2 years$33,972$33,339$32,726$32,131$31,555$29,743
3 years$22,423$21,788$21,176$20,587$20,020$18,265
4 years$16,650$16,016$15,411$14,832$14,278$12,593
5 years$13,187$12,557$11,959$11,392$10,854$9,243
6 years$10,879$10,254$9,665$9,110$8,588$7,054
7 years$9,231$8,611$8,032$7,490$6,985$5,526
8 years$7,995$7,381$6,811$6,283$5,794$4,411
9 years$7,035$6,427$5,867$5,352$4,880$3,571
10 years$6,267$5,665$5,115$4,613$4,158$2,921
11 years$5,639$5,043$4,503$4,015$3,576$2,409
12 years$5,117$4,526$3,996$3,522$3,099$2,001
13 years$4,674$4,090$3,570$3,109$2,702$1,670
14 years$4,296$3,718$3,208$2,760$2,369$1,400
15 years$3,968$3,397$2,896$2,461$2,086$1,178
16 years$3,682$3,116$2,626$2,204$1,843$994
17 years$3,429$2,870$2,390$1,980$1,634$840
18 years$3,205$2,652$2,181$1,785$1,453$712
19 years$3,004$2,458$1,997$1,613$1,295$604
20 years$2,824$2,284$1,833$1,460$1,157$514
21 years$2,662$2,127$1,686$1,325$1,035$437
22 years$2,514$1,986$1,554$1,205$928$373
23 years$2,379$1,857$1,435$1,098$833$318
24 years$2,256$1,740$1,327$1,001$749$271
25 years$2,142$1,633$1,229$914$674$231
26 years$2,038$1,535$1,140$836$607$198
27 years$1,942$1,444$1,058$765$547$169
28 years$1,852$1,361$984$701$494$144
29 years$1,769$1,284$915$643$446$124
30 years$1,692$1,213$853$590$403$106
31 years$1,619$1,146$795$542$364$90
32 years$1,552$1,085$742$498$329$77
33 years$1,488$1,027$693$458$298$66
34 years$1,429$974$647$421$270$57
35 years$1,373$923$605$388$244$49
36 years$1,320$876$566$357$222$42
37 years$1,270$832$530$329$201$36
38 years$1,223$791$496$303$182$31
39 years$1,178$752$465$280$165$26
40 years$1,136$716$436$258$150$22
41 years$1,096$681$408$238$136$19
42 years$1,058$649$383$220$123$16
43 years$1,022$618$360$203$112$14
44 years$987$589$337$187$102$12
45 years$955$562$317$173$92$10
46 years$923$536$298$160$84$9
47 years$893$512$280$148$76$8
48 years$865$488$263$136$69$6
49 years$837$466$247$126$63$6
50 years$811$445$232$116$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $831,000, adding $4,104 every year, while hoping to spend $21,045 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: 67/6/27 Blend
57$831,000$831,000$831,000$831,000
58$919,995$875,952$863,072$974,898
59$991,443$896,482$869,593$1,032,901
60$1,069,473$917,313$875,627$1,093,565
61$1,154,735$938,437$881,136$1,159,442
62$1,247,943$959,845$886,079$1,231,049
63$1,349,884$981,528$890,414$1,308,952
64$1,461,424$1,003,475$894,095$1,393,780
65$1,583,518$1,025,674$897,076$1,486,222
66$1,717,216$1,048,111$899,307$1,587,039
67$1,863,675$1,070,771$900,736$1,697,071
68$2,024,168$1,093,638$901,309$1,817,242
69$2,200,100$1,116,692$900,970$1,948,570
70$2,393,014$1,139,915$899,657$2,092,179
71$2,604,614$1,163,283$897,307$2,249,306
72$2,836,774$1,186,773$893,856$2,421,317
73$3,091,558$1,210,358$889,234$2,609,714
74$3,371,241$1,234,010$883,368$2,816,154
75$3,678,329$1,257,698$876,182$3,042,466
76$4,015,582$1,281,388$867,597$3,290,661
77$4,386,039$1,305,044$857,529$3,562,960
78$4,793,050$1,328,626$845,892$3,861,809
79$5,240,305$1,352,093$832,593$4,189,903
80$5,731,869$1,375,397$817,537$4,550,215
81$6,272,218$1,398,491$800,624$4,946,019
82$6,866,289$1,421,321$781,748$5,380,927
83$7,519,514$1,443,830$760,801$5,858,917
84$8,237,884$1,465,958$737,668$6,384,375
85$9,027,997$1,487,638$712,228$6,962,135
86$9,897,121$1,508,800$684,356$7,597,525
87$10,853,266$1,529,370$653,920$8,296,418
88$11,905,257$1,549,267$620,785$9,065,286
89$13,062,817$1,568,405$584,805$9,911,263
90$14,336,660$1,586,693$545,831$10,842,212
91$15,738,590$1,604,032$503,708$11,866,798
92$17,281,614$1,620,317$458,270$12,994,573
93$18,980,064$1,635,438$409,347$14,236,064
94$20,849,731$1,649,275$356,761$15,602,874
95$22,908,016$1,661,701$300,324$17,107,789
96$25,174,091$1,672,582$239,843$18,764,904
97$27,669,084$1,681,775$175,113$20,589,752
98$30,416,274$1,689,125$105,923$22,599,452
99$33,441,314$1,694,472$32,051$24,812,872
100$36,772,468$1,697,641$0$27,250,807