Can I retire at age 58 with 834,000?

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 $834,000?

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 years$68,871$68,257$67,659$67,075$66,504$64,350
2 years$34,095$33,460$32,844$32,247$31,669$29,518
3 years$22,504$21,866$21,252$20,661$20,092$18,013
4 years$16,710$16,074$15,466$14,885$14,330$12,338
5 years$13,234$12,602$12,002$11,433$10,893$8,995
6 years$10,918$10,291$9,700$9,143$8,619$6,815
7 years$9,264$8,642$8,061$7,517$7,010$5,300
8 years$8,024$7,408$6,836$6,306$5,815$4,198
9 years$7,060$6,450$5,888$5,371$4,897$3,372
10 years$6,290$5,685$5,133$4,630$4,173$2,736
11 years$5,660$5,061$4,519$4,030$3,589$2,238
12 years$5,135$4,543$4,011$3,535$3,110$1,842
13 years$4,691$4,105$3,583$3,120$2,712$1,524
14 years$4,311$3,732$3,220$2,770$2,377$1,266
15 years$3,982$3,409$2,907$2,470$2,093$1,056
16 years$3,695$3,128$2,635$2,212$1,850$882
17 years$3,441$2,880$2,398$1,987$1,640$739
18 years$3,216$2,662$2,189$1,791$1,458$620
19 years$3,015$2,467$2,004$1,618$1,300$521
20 years$2,835$2,292$1,839$1,466$1,161$439
21 years$2,671$2,135$1,692$1,330$1,039$370
22 years$2,523$1,993$1,559$1,209$931$312
23 years$2,388$1,864$1,440$1,102$836$263
24 years$2,264$1,746$1,331$1,005$751$222
25 years$2,150$1,639$1,233$918$676$188
26 years$2,045$1,540$1,144$839$609$159
27 years$1,949$1,450$1,062$768$549$134
28 years$1,859$1,366$987$704$496$114
29 years$1,775$1,289$919$645$447$96
30 years$1,698$1,217$856$592$404$81
31 years$1,625$1,151$798$544$366$69
32 years$1,557$1,089$744$500$331$58
33 years$1,494$1,031$695$460$299$49
34 years$1,434$977$649$423$271$42
35 years$1,378$927$607$389$245$35
36 years$1,325$880$568$358$222$30
37 years$1,275$835$532$330$202$25
38 years$1,227$794$498$304$183$22
39 years$1,183$755$466$281$166$18
40 years$1,140$718$437$259$150$15
41 years$1,100$684$410$239$136$13
42 years$1,062$651$385$220$124$11
43 years$1,025$620$361$204$112$9
44 years$991$591$339$188$102$8
45 years$958$564$318$174$93$7
46 years$927$538$299$160$84$6
47 years$897$513$281$148$76$5
48 years$868$490$264$137$69$4
49 years$840$468$248$126$63$3
50 years$814$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 $834,000, adding $4,014 every year, while hoping to spend $39,989 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: 73/22/5 Blend
57$834,000$834,000$834,000$834,000
58$923,208$879,006$866,079$989,936
59$974,828$879,530$852,545$1,034,941
60$1,030,372$878,738$837,217$1,078,766
61$1,090,199$876,526$819,993$1,125,614
62$1,154,703$872,779$800,766$1,175,770
63$1,224,315$867,377$779,424$1,229,549
64$1,299,510$860,194$755,850$1,287,296
65$1,380,810$851,093$729,921$1,349,395
66$1,468,788$839,933$701,509$1,416,266
67$1,564,074$826,560$670,480$1,488,375
68$1,667,363$810,814$636,693$1,566,236
69$1,779,415$792,524$600,003$1,650,415
70$1,901,068$771,511$560,257$1,741,535
71$2,033,245$747,583$517,293$1,840,288
72$2,176,960$720,538$470,946$1,947,433
73$2,333,327$690,163$421,041$2,063,810
74$2,503,575$656,229$367,394$2,190,345
75$2,689,055$618,499$309,817$2,328,058
76$2,891,251$576,719$248,109$2,478,078
77$3,111,801$530,620$182,063$2,641,647
78$3,352,505$479,921$111,462$2,820,139
79$3,615,345$424,321$36,080$3,015,066
80$3,902,502$363,505$0$3,228,099
81$4,216,379$297,138$0$3,463,448
82$4,559,619$224,867$0$3,722,986
83$4,935,135$146,320$0$4,007,043
84$5,346,132$61,103$0$4,318,106
85$5,796,140$0$0$4,658,921
86$6,289,048$0$0$5,040,066
87$6,829,135$0$0$5,473,939
88$7,421,118$0$0$5,949,541
89$8,070,188$0$0$6,471,048
90$8,782,065$0$0$7,043,060
91$9,563,048$0$0$7,670,644
92$10,420,076$0$0$8,359,382
93$11,360,791$0$0$9,115,420
94$12,393,611$0$0$9,945,531
95$13,527,811$0$0$10,857,173
96$14,773,606$0$0$11,858,565
97$16,142,250$0$0$12,958,758
98$17,646,140$0$0$14,167,726
99$19,298,934$0$0$15,496,454
100$21,115,679$0$0$16,957,047