Can I retire at age 58 with 835,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.1%
1 years$68,954$68,339$67,740$67,155$66,584$64,401
2 years$34,135$33,500$32,884$32,286$31,707$29,528
3 years$22,531$21,892$21,278$20,686$20,116$18,010
4 years$16,730$16,093$15,485$14,903$14,347$12,330
5 years$13,250$12,617$12,017$11,447$10,906$8,984
6 years$10,931$10,303$9,711$9,154$8,630$6,804
7 years$9,275$8,652$8,070$7,526$7,018$5,288
8 years$8,034$7,417$6,844$6,314$5,822$4,186
9 years$7,069$6,458$5,895$5,378$4,903$3,360
10 years$6,297$5,692$5,139$4,636$4,178$2,725
11 years$5,666$5,067$4,525$4,034$3,593$2,227
12 years$5,141$4,548$4,015$3,539$3,114$1,832
13 years$4,697$4,110$3,588$3,124$2,715$1,515
14 years$4,317$3,736$3,223$2,773$2,380$1,258
15 years$3,987$3,413$2,910$2,473$2,096$1,048
16 years$3,699$3,131$2,639$2,215$1,852$875
17 years$3,446$2,884$2,401$1,990$1,642$732
18 years$3,220$2,665$2,192$1,793$1,460$614
19 years$3,019$2,470$2,007$1,620$1,302$516
20 years$2,838$2,295$1,841$1,467$1,163$434
21 years$2,674$2,138$1,694$1,332$1,040$365
22 years$2,526$1,995$1,561$1,211$933$308
23 years$2,390$1,866$1,441$1,103$837$260
24 years$2,267$1,749$1,333$1,006$752$219
25 years$2,153$1,641$1,235$919$677$185
26 years$2,048$1,542$1,145$840$610$156
27 years$1,951$1,451$1,063$769$550$132
28 years$1,861$1,368$989$704$496$112
29 years$1,778$1,290$920$646$448$94
30 years$1,700$1,218$857$593$405$80
31 years$1,627$1,152$799$544$366$68
32 years$1,559$1,090$745$500$331$57
33 years$1,495$1,032$696$460$300$48
34 years$1,436$978$650$423$271$41
35 years$1,379$928$608$390$246$35
36 years$1,326$881$569$359$223$29
37 years$1,276$836$532$331$202$25
38 years$1,229$795$498$305$183$21
39 years$1,184$756$467$281$166$18
40 years$1,142$719$438$259$150$15
41 years$1,101$685$410$239$136$13
42 years$1,063$652$385$221$124$11
43 years$1,027$621$361$204$112$9
44 years$992$592$339$188$102$8
45 years$959$565$318$174$93$7
46 years$928$539$299$160$84$6
47 years$898$514$281$148$76$5
48 years$869$491$264$137$69$4
49 years$842$469$248$127$63$3
50 years$815$448$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 $835,000, adding $3,930 every year, while hoping to spend $52,958 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: 59/16/25 Blend
57$835,000$835,000$835,000$835,000
58$924,224$879,969$867,026$972,314
59$962,148$866,740$839,725$992,311
60$1,002,165$851,089$809,734$1,008,090
61$1,044,433$832,839$776,907$1,024,167
62$1,089,124$811,807$741,092$1,040,585
63$1,136,426$787,797$702,130$1,057,391
64$1,186,542$760,600$659,853$1,074,641
65$1,239,699$729,999$614,086$1,092,400
66$1,296,139$695,759$564,649$1,110,739
67$1,356,131$657,637$511,351$1,129,744
68$1,419,967$615,372$453,992$1,149,509
69$1,487,968$568,690$392,365$1,170,143
70$1,560,484$517,300$326,253$1,191,770
71$1,637,901$460,895$255,430$1,214,530
72$1,720,640$399,151$179,659$1,238,581
73$1,809,161$331,726$98,694$1,264,102
74$1,903,971$258,256$12,276$1,291,296
75$2,005,626$178,361$0$1,320,390
76$2,114,734$91,635$0$1,372,965
77$2,231,965$0$0$1,432,865
78$2,358,050$0$0$1,497,624
79$2,493,797$0$0$1,584,765
80$2,640,090$0$0$1,678,727
81$2,797,900$0$0$1,780,141
82$2,968,295$0$0$1,889,700
83$3,152,448$0$0$2,008,166
84$3,351,649$0$0$2,136,375
85$3,567,314$0$0$2,275,248
86$3,801,002$0$0$2,425,796
87$4,054,425$0$0$2,589,132
88$4,329,467$0$0$2,766,480
89$4,628,201$0$0$2,959,184
90$4,952,905$0$0$3,168,726
91$5,306,086$0$0$3,396,734
92$5,690,504$0$0$3,644,999
93$6,109,193$0$0$3,915,494
94$6,565,494$0$0$4,210,390
95$7,063,081$0$0$4,532,073
96$7,606,002$0$0$4,883,173
97$8,198,709$0$0$5,266,583
98$8,846,104$0$0$5,685,488
99$9,553,584$0$0$6,143,396
100$10,327,090$0$0$6,644,168