Can I retire at age 58 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$68,788$68,176$67,578$66,994$66,425$64,247
2 years$34,054$33,419$32,805$32,209$31,631$29,458
3 years$22,477$21,840$21,227$20,637$20,068$17,967
4 years$16,690$16,055$15,448$14,867$14,313$12,301
5 years$13,218$12,587$11,988$11,420$10,880$8,963
6 years$10,905$10,278$9,688$9,132$8,609$6,787
7 years$9,253$8,632$8,051$7,508$7,002$5,275
8 years$8,015$7,399$6,828$6,298$5,808$4,176
9 years$7,052$6,442$5,881$5,365$4,892$3,352
10 years$6,282$5,678$5,127$4,625$4,168$2,718
11 years$5,653$5,055$4,514$4,025$3,584$2,222
12 years$5,129$4,537$4,006$3,530$3,106$1,828
13 years$4,686$4,100$3,579$3,117$2,709$1,511
14 years$4,306$3,727$3,216$2,767$2,374$1,255
15 years$3,978$3,405$2,903$2,467$2,091$1,045
16 years$3,691$3,124$2,632$2,209$1,848$873
17 years$3,437$2,877$2,395$1,985$1,638$731
18 years$3,213$2,658$2,187$1,789$1,457$613
19 years$3,012$2,464$2,002$1,616$1,298$515
20 years$2,831$2,289$1,837$1,464$1,160$433
21 years$2,668$2,133$1,690$1,329$1,038$364
22 years$2,520$1,991$1,557$1,208$930$307
23 years$2,385$1,862$1,438$1,100$835$259
24 years$2,261$1,744$1,330$1,003$751$219
25 years$2,148$1,637$1,232$916$675$185
26 years$2,043$1,539$1,142$838$608$156
27 years$1,946$1,448$1,061$767$549$132
28 years$1,857$1,364$986$703$495$111
29 years$1,773$1,287$918$644$447$94
30 years$1,696$1,216$855$591$404$80
31 years$1,623$1,149$797$543$365$67
32 years$1,555$1,087$744$499$330$57
33 years$1,492$1,030$694$459$299$48
34 years$1,432$976$649$422$271$41
35 years$1,376$926$606$389$245$35
36 years$1,323$879$567$358$222$29
37 years$1,273$834$531$330$201$25
38 years$1,226$793$497$304$182$21
39 years$1,181$754$466$280$165$18
40 years$1,139$717$437$259$150$15
41 years$1,099$683$409$239$136$13
42 years$1,061$650$384$220$124$11
43 years$1,024$620$360$203$112$9
44 years$990$591$338$188$102$8
45 years$957$563$318$173$92$7
46 years$925$537$298$160$84$6
47 years$895$513$280$148$76$5
48 years$867$490$263$137$69$4
49 years$839$467$248$126$63$3
50 years$813$447$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $833,000, adding $4,714 every year, while hoping to spend $55,516 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: 70/14/16 Blend
57$833,000$833,000$833,000$833,000
58$922,828$878,679$865,768$983,670
59$957,888$862,666$835,703$1,008,737
60$994,664$844,008$802,769$1,029,075
61$1,033,271$822,515$766,814$1,049,916
62$1,073,836$797,990$727,674$1,071,299
63$1,116,497$770,222$685,180$1,093,274
64$1,161,403$738,986$639,157$1,115,893
65$1,208,717$704,046$589,419$1,139,216
66$1,258,615$665,154$535,774$1,163,313
67$1,311,291$622,044$478,020$1,188,259
68$1,366,956$574,437$415,947$1,214,142
69$1,425,839$522,037$349,334$1,241,059
70$1,488,190$464,533$277,952$1,269,121
71$1,554,284$401,594$201,563$1,298,450
72$1,624,420$332,871$119,914$1,329,184
73$1,698,925$257,996$32,746$1,361,480
74$1,778,158$176,580$0$1,395,512
75$1,862,509$88,212$0$1,441,764
76$1,952,409$0$0$1,496,800
77$2,048,325$0$0$1,556,480
78$2,150,773$0$0$1,634,765
79$2,260,317$0$0$1,718,500
80$2,377,574$0$0$1,808,162
81$2,503,223$0$0$1,904,271
82$2,638,007$0$0$2,007,402
83$2,782,741$0$0$2,118,182
84$2,938,322$0$0$2,237,302
85$3,105,732$0$0$2,365,518
86$3,286,050$0$0$2,503,663
87$3,480,462$0$0$2,652,650
88$3,690,270$0$0$2,813,482
89$3,916,905$0$0$2,987,262
90$4,161,938$0$0$3,175,202
91$4,427,098$0$0$3,378,635
92$4,714,285$0$0$3,599,023
93$5,025,587$0$0$3,837,978
94$5,363,301$0$0$4,097,269
95$5,729,953$0$0$4,378,845
96$6,128,320$0$0$4,684,847
97$6,561,459$0$0$5,017,630
98$7,032,732$0$0$5,379,787
99$7,545,838$0$0$5,774,171
100$8,104,847$0$0$6,203,920