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%15.1%
1 years$68,788$68,176$67,578$66,994$66,425$65,030
2 years$34,054$33,419$32,805$32,209$31,631$30,233
3 years$22,477$21,840$21,227$20,637$20,068$18,709
4 years$16,690$16,055$15,448$14,867$14,313$13,004
5 years$13,218$12,587$11,988$11,420$10,880$9,626
6 years$10,905$10,278$9,688$9,132$8,609$7,410
7 years$9,253$8,632$8,051$7,508$7,002$5,858
8 years$8,015$7,399$6,828$6,298$5,808$4,720
9 years$7,052$6,442$5,881$5,365$4,892$3,858
10 years$6,282$5,678$5,127$4,625$4,168$3,187
11 years$5,653$5,055$4,514$4,025$3,584$2,656
12 years$5,129$4,537$4,006$3,530$3,106$2,229
13 years$4,686$4,100$3,579$3,117$2,709$1,880
14 years$4,306$3,727$3,216$2,767$2,374$1,593
15 years$3,978$3,405$2,903$2,467$2,091$1,356
16 years$3,691$3,124$2,632$2,209$1,848$1,157
17 years$3,437$2,877$2,395$1,985$1,638$990
18 years$3,213$2,658$2,187$1,789$1,457$849
19 years$3,012$2,464$2,002$1,616$1,298$729
20 years$2,831$2,289$1,837$1,464$1,160$627
21 years$2,668$2,133$1,690$1,329$1,038$540
22 years$2,520$1,991$1,557$1,208$930$466
23 years$2,385$1,862$1,438$1,100$835$403
24 years$2,261$1,744$1,330$1,003$751$348
25 years$2,148$1,637$1,232$916$675$301
26 years$2,043$1,539$1,142$838$608$260
27 years$1,946$1,448$1,061$767$549$225
28 years$1,857$1,364$986$703$495$195
29 years$1,773$1,287$918$644$447$169
30 years$1,696$1,216$855$591$404$147
31 years$1,623$1,149$797$543$365$127
32 years$1,555$1,087$744$499$330$110
33 years$1,492$1,030$694$459$299$96
34 years$1,432$976$649$422$271$83
35 years$1,376$926$606$389$245$72
36 years$1,323$879$567$358$222$63
37 years$1,273$834$531$330$201$54
38 years$1,226$793$497$304$182$47
39 years$1,181$754$466$280$165$41
40 years$1,139$717$437$259$150$36
41 years$1,099$683$409$239$136$31
42 years$1,061$650$384$220$124$27
43 years$1,024$620$360$203$112$23
44 years$990$591$338$188$102$20
45 years$957$563$318$173$92$18
46 years$925$537$298$160$84$15
47 years$895$513$280$148$76$13
48 years$867$490$263$137$69$12
49 years$839$467$248$126$63$10
50 years$813$447$233$117$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $833,000, adding $3,535 every year, while hoping to spend $23,342 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: 77/5/18 Blend
57$833,000$833,000$833,000$833,000
58$921,612$877,463$864,552$988,563
59$990,781$895,623$868,679$1,051,454
60$1,066,223$913,891$872,161$1,117,144
61$1,148,552$932,247$874,954$1,188,556
62$1,238,447$950,669$877,007$1,266,256
63$1,336,653$969,136$878,271$1,350,866
64$1,443,990$987,622$878,691$1,443,071
65$1,561,362$1,006,100$878,212$1,543,625
66$1,689,763$1,024,542$876,775$1,653,361
67$1,830,290$1,042,915$874,317$1,773,194
68$1,984,147$1,061,185$870,775$1,904,134
69$2,152,663$1,079,317$866,079$2,047,295
70$2,337,302$1,097,270$860,160$2,203,901
71$2,539,673$1,115,003$852,942$2,375,305
72$2,761,551$1,132,470$844,347$2,562,993
73$3,004,890$1,149,621$834,293$2,768,607
74$3,271,842$1,166,405$822,695$2,993,954
75$3,564,777$1,182,766$809,462$3,241,026
76$3,886,306$1,198,644$794,501$3,512,018
77$4,239,306$1,213,974$777,714$3,809,349
78$4,626,945$1,228,689$758,996$4,135,684
79$5,052,712$1,242,714$738,242$4,493,963
80$5,520,453$1,255,971$715,338$4,887,421
81$6,034,404$1,268,378$690,166$5,319,627
82$6,599,229$1,279,844$662,602$5,794,512
83$7,220,070$1,290,277$632,519$6,316,410
84$7,902,590$1,299,573$599,781$6,890,096
85$8,653,028$1,307,626$564,248$7,520,833
86$9,478,259$1,314,322$525,773$8,214,421
87$10,385,856$1,319,538$484,200$8,977,250
88$11,384,164$1,323,146$439,371$9,816,366
89$12,482,376$1,325,007$391,117$10,739,531
90$13,690,621$1,324,976$339,263$11,755,301
91$15,020,062$1,322,897$283,626$12,873,103
92$16,482,995$1,318,606$224,014$14,103,329
93$18,092,971$1,311,927$160,228$15,457,431
94$19,864,918$1,302,676$92,060$16,948,028
95$21,815,287$1,290,654$19,292$18,589,028
96$23,962,204$1,275,655$0$20,395,759
97$26,325,643$1,257,456$0$22,396,324
98$28,927,610$1,235,822$0$24,602,811
99$31,792,355$1,210,507$0$27,032,074
100$34,946,600$1,181,246$0$29,706,774