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%15.2%
1 years$68,954$68,339$67,740$67,155$66,584$65,160
2 years$34,135$33,500$32,884$32,286$31,707$30,279
3 years$22,531$21,892$21,278$20,686$20,116$18,729
4 years$16,730$16,093$15,485$14,903$14,347$13,011
5 years$13,250$12,617$12,017$11,447$10,906$9,626
6 years$10,931$10,303$9,711$9,154$8,630$7,406
7 years$9,275$8,652$8,070$7,526$7,018$5,852
8 years$8,034$7,417$6,844$6,314$5,822$4,712
9 years$7,069$6,458$5,895$5,378$4,903$3,849
10 years$6,297$5,692$5,139$4,636$4,178$3,178
11 years$5,666$5,067$4,525$4,034$3,593$2,647
12 years$5,141$4,548$4,015$3,539$3,114$2,219
13 years$4,697$4,110$3,588$3,124$2,715$1,871
14 years$4,317$3,736$3,223$2,773$2,380$1,585
15 years$3,987$3,413$2,910$2,473$2,096$1,347
16 years$3,699$3,131$2,639$2,215$1,852$1,149
17 years$3,446$2,884$2,401$1,990$1,642$982
18 years$3,220$2,665$2,192$1,793$1,460$842
19 years$3,019$2,470$2,007$1,620$1,302$722
20 years$2,838$2,295$1,841$1,467$1,163$621
21 years$2,674$2,138$1,694$1,332$1,040$535
22 years$2,526$1,995$1,561$1,211$933$461
23 years$2,390$1,866$1,441$1,103$837$398
24 years$2,267$1,749$1,333$1,006$752$343
25 years$2,153$1,641$1,235$919$677$297
26 years$2,048$1,542$1,145$840$610$257
27 years$1,951$1,451$1,063$769$550$222
28 years$1,861$1,368$989$704$496$192
29 years$1,778$1,290$920$646$448$166
30 years$1,700$1,218$857$593$405$144
31 years$1,627$1,152$799$544$366$125
32 years$1,559$1,090$745$500$331$108
33 years$1,495$1,032$696$460$300$94
34 years$1,436$978$650$423$271$81
35 years$1,379$928$608$390$246$70
36 years$1,326$881$569$359$223$61
37 years$1,276$836$532$331$202$53
38 years$1,229$795$498$305$183$46
39 years$1,184$756$467$281$166$40
40 years$1,142$719$438$259$150$35
41 years$1,101$685$410$239$136$30
42 years$1,063$652$385$221$124$26
43 years$1,027$621$361$204$112$23
44 years$992$592$339$188$102$20
45 years$959$565$318$174$93$17
46 years$928$539$299$160$84$15
47 years$898$514$281$148$76$13
48 years$869$491$264$137$69$11
49 years$842$469$248$127$63$10
50 years$815$448$233$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $835,000, adding $4,255 every year, while hoping to spend $39,044 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: 33/49/18 Blend
57$835,000$835,000$835,000$835,000
58$924,559$880,304$867,362$949,786
59$977,322$881,896$854,876$970,395
60$1,034,157$882,258$840,663$988,689
61$1,095,440$881,288$824,624$1,007,579
62$1,161,582$878,878$806,656$1,027,139
63$1,233,034$874,913$786,649$1,047,456
64$1,310,293$869,273$764,491$1,068,625
65$1,393,903$861,829$740,063$1,090,757
66$1,484,466$852,443$713,240$1,113,977
67$1,582,641$840,972$683,892$1,138,427
68$1,689,152$827,261$651,884$1,164,266
69$1,804,798$811,149$617,074$1,191,674
70$1,930,455$792,463$579,314$1,220,855
71$2,067,088$771,021$538,448$1,252,036
72$2,215,759$746,629$494,314$1,285,475
73$2,377,636$719,084$446,744$1,321,460
74$2,554,005$688,168$395,559$1,360,315
75$2,746,280$653,655$340,577$1,402,401
76$2,956,017$615,300$281,603$1,448,126
77$3,184,930$572,850$218,436$1,497,943
78$3,434,906$526,032$150,866$1,552,360
79$3,708,020$474,561$78,674$1,611,944
80$4,006,558$418,135$1,630$1,677,330
81$4,333,038$356,435$0$1,749,223
82$4,690,230$289,122$0$1,843,889
83$5,081,184$215,840$0$1,948,069
84$5,509,261$136,212$0$2,062,478
85$5,978,161$49,842$0$2,188,255
86$6,491,957$0$0$2,326,666
87$7,055,138$0$0$2,502,674
88$7,672,645$0$0$2,725,252
89$8,349,920$0$0$2,969,503
90$9,092,960$0$0$3,237,606
91$9,908,367$0$0$3,531,959
92$10,803,415$0$0$3,855,206
93$11,786,116$0$0$4,210,258
94$12,865,297$0$0$4,600,322
95$14,050,680$0$0$5,028,933
96$15,352,975$0$0$5,499,982
97$16,783,981$0$0$6,017,759
98$18,356,698$0$0$6,586,987
99$20,085,446$0$0$7,212,872
100$21,986,001$0$0$7,901,149