Can I retire at age 58 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$68,954$68,339$67,740$67,155$66,584$63,917
2 years$34,135$33,500$32,884$32,286$31,707$29,053
3 years$22,531$21,892$21,278$20,686$20,116$17,560
4 years$16,730$16,093$15,485$14,903$14,347$11,907
5 years$13,250$12,617$12,017$11,447$10,906$8,589
6 years$10,931$10,303$9,711$9,154$8,630$6,437
7 years$9,275$8,652$8,070$7,526$7,018$4,949
8 years$8,034$7,417$6,844$6,314$5,822$3,874
9 years$7,069$6,458$5,895$5,378$4,903$3,073
10 years$6,297$5,692$5,139$4,636$4,178$2,462
11 years$5,666$5,067$4,525$4,034$3,593$1,988
12 years$5,141$4,548$4,015$3,539$3,114$1,615
13 years$4,697$4,110$3,588$3,124$2,715$1,318
14 years$4,317$3,736$3,223$2,773$2,380$1,080
15 years$3,987$3,413$2,910$2,473$2,096$887
16 years$3,699$3,131$2,639$2,215$1,852$731
17 years$3,446$2,884$2,401$1,990$1,642$603
18 years$3,220$2,665$2,192$1,793$1,460$499
19 years$3,019$2,470$2,007$1,620$1,302$413
20 years$2,838$2,295$1,841$1,467$1,163$342
21 years$2,674$2,138$1,694$1,332$1,040$284
22 years$2,526$1,995$1,561$1,211$933$236
23 years$2,390$1,866$1,441$1,103$837$196
24 years$2,267$1,749$1,333$1,006$752$163
25 years$2,153$1,641$1,235$919$677$135
26 years$2,048$1,542$1,145$840$610$113
27 years$1,951$1,451$1,063$769$550$94
28 years$1,861$1,368$989$704$496$78
29 years$1,778$1,290$920$646$448$65
30 years$1,700$1,218$857$593$405$54
31 years$1,627$1,152$799$544$366$45
32 years$1,559$1,090$745$500$331$38
33 years$1,495$1,032$696$460$300$31
34 years$1,436$978$650$423$271$26
35 years$1,379$928$608$390$246$22
36 years$1,326$881$569$359$223$18
37 years$1,276$836$532$331$202$15
38 years$1,229$795$498$305$183$13
39 years$1,184$756$467$281$166$10
40 years$1,142$719$438$259$150$9
41 years$1,101$685$410$239$136$7
42 years$1,063$652$385$221$124$6
43 years$1,027$621$361$204$112$5
44 years$992$592$339$188$102$4
45 years$959$565$318$174$93$3
46 years$928$539$299$160$84$3
47 years$898$514$281$148$76$2
48 years$869$491$264$137$69$2
49 years$842$469$248$127$63$2
50 years$815$448$233$117$57$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $835,000, adding $3,116 every year, while hoping to spend $36,914 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: 64/15/21 Blend
57$835,000$835,000$835,000$835,000
58$923,384$879,129$866,187$977,312
59$978,293$882,930$855,928$1,017,795
60$1,037,566$885,680$844,088$1,057,560
61$1,101,608$887,289$830,575$1,100,150
62$1,170,866$887,660$815,294$1,145,843
63$1,245,830$886,692$798,142$1,194,947
64$1,327,041$884,275$779,015$1,247,803
65$1,415,090$880,296$757,803$1,304,788
66$1,510,629$874,631$734,390$1,366,316
67$1,614,377$867,151$708,656$1,432,847
68$1,727,121$857,720$680,474$1,504,889
69$1,849,730$846,190$649,712$1,583,002
70$1,983,158$832,409$616,232$1,667,806
71$2,128,455$816,212$579,891$1,759,984
72$2,286,777$797,426$540,538$1,860,291
73$2,459,397$775,868$498,014$1,969,563
74$2,647,714$751,345$452,156$2,088,720
75$2,853,269$723,649$402,792$2,218,779
76$3,077,759$692,564$349,742$2,360,864
77$3,323,051$657,860$292,818$2,516,215
78$3,591,200$619,293$231,826$2,686,202
79$3,884,470$576,606$166,560$2,872,335
80$4,205,353$529,527$96,807$3,076,285
81$4,556,594$477,769$22,344$3,299,891
82$4,941,213$421,026$0$3,545,188
83$5,362,538$358,978$0$3,827,219
84$5,824,235$291,285$0$4,141,835
85$6,330,338$217,589$0$4,486,814
86$6,885,292$137,511$0$4,865,231
87$7,493,993$50,651$0$5,280,476
88$8,161,834$0$0$5,736,285
89$8,894,753$0$0$6,243,941
90$9,699,293$0$0$6,810,442
91$10,582,660$0$0$7,432,510
92$11,552,793$0$0$8,115,742
93$12,618,437$0$0$8,866,304
94$13,789,225$0$0$9,690,991
95$15,075,770$0$0$10,597,285
96$16,489,763$0$0$11,593,433
97$18,044,087$0$0$12,688,518
98$19,752,931$0$0$13,892,547
99$21,631,931$0$0$15,216,545
100$23,698,310$0$0$16,672,660