Can I retire at age 58 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$69,036$68,421$67,821$67,236$66,664$65,858
2 years$34,176$33,540$32,923$32,325$31,745$30,934
3 years$22,558$21,919$21,303$20,711$20,140$19,349
4 years$16,750$16,113$15,503$14,921$14,364$13,599
5 years$13,266$12,632$12,031$11,461$10,919$10,183
6 years$10,944$10,315$9,723$9,165$8,640$7,933
7 years$9,286$8,663$8,080$7,535$7,027$6,349
8 years$8,043$7,426$6,852$6,321$5,829$5,181
9 years$7,077$6,465$5,902$5,384$4,909$4,290
10 years$6,305$5,699$5,145$4,641$4,183$3,593
11 years$5,673$5,073$4,530$4,039$3,597$3,036
12 years$5,147$4,554$4,020$3,543$3,117$2,583
13 years$4,703$4,115$3,592$3,128$2,718$2,211
14 years$4,322$3,741$3,227$2,777$2,383$1,902
15 years$3,992$3,417$2,914$2,476$2,098$1,643
16 years$3,704$3,135$2,642$2,217$1,854$1,424
17 years$3,450$2,887$2,404$1,992$1,644$1,237
18 years$3,224$2,668$2,194$1,795$1,462$1,078
19 years$3,023$2,473$2,009$1,622$1,303$941
20 years$2,841$2,298$1,844$1,469$1,164$823
21 years$2,678$2,140$1,696$1,333$1,042$721
22 years$2,529$1,998$1,563$1,212$934$633
23 years$2,393$1,869$1,443$1,104$838$556
24 years$2,269$1,751$1,335$1,007$753$488
25 years$2,155$1,643$1,236$920$678$430
26 years$2,050$1,544$1,146$841$611$379
27 years$1,953$1,453$1,065$770$550$334
28 years$1,863$1,369$990$705$497$294
29 years$1,780$1,292$921$647$449$260
30 years$1,702$1,220$858$594$405$229
31 years$1,629$1,153$800$545$366$202
32 years$1,561$1,091$746$501$331$179
33 years$1,497$1,033$697$461$300$158
34 years$1,437$979$651$424$272$140
35 years$1,381$929$609$390$246$123
36 years$1,328$882$569$359$223$109
37 years$1,278$837$533$331$202$96
38 years$1,230$796$499$305$183$85
39 years$1,185$757$468$281$166$76
40 years$1,143$720$438$260$151$67
41 years$1,103$685$411$239$137$59
42 years$1,064$653$385$221$124$52
43 years$1,028$622$362$204$113$46
44 years$993$593$340$188$102$41
45 years$960$565$319$174$93$36
46 years$929$539$299$161$84$32
47 years$899$515$281$148$76$28
48 years$870$491$264$137$69$25
49 years$843$469$248$127$63$22
50 years$816$448$234$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $836,000, adding $5,626 every year, while hoping to spend $50,660 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: 31/46/23 Blend
57$836,000$836,000$836,000$836,000
58$927,075$882,767$869,809$949,077
59$967,735$872,121$845,046$955,637
60$1,010,844$859,255$817,755$957,774
61$1,056,599$844,007$787,799$959,035
62$1,105,215$826,206$755,032$959,376
63$1,156,925$805,669$719,305$958,754
64$1,211,988$782,204$680,458$957,126
65$1,270,685$755,605$638,328$954,452
66$1,333,324$725,659$592,740$950,690
67$1,400,242$692,135$543,516$945,804
68$1,471,810$654,793$490,467$939,758
69$1,548,433$613,376$433,396$932,522
70$1,630,556$567,615$372,098$924,068
71$1,718,668$517,223$306,359$914,374
72$1,813,304$461,899$235,953$903,423
73$1,915,051$401,322$160,648$891,209
74$2,024,556$335,157$80,199$877,729
75$2,142,526$263,045$0$862,994
76$2,269,741$184,611$0$848,413
77$2,407,055$99,457$0$853,726
78$2,555,407$7,164$0$859,349
79$2,715,831$0$0$865,420
80$2,889,461$0$0$919,031
81$3,077,544$0$0$981,140
82$3,281,453$0$0$1,048,588
83$3,502,695$0$0$1,121,887
84$3,742,930$0$0$1,201,603
85$4,003,982$0$0$1,288,356
86$4,287,859$0$0$1,382,830
87$4,596,768$0$0$1,485,777
88$4,933,140$0$0$1,598,025
89$5,299,648$0$0$1,720,483
90$5,699,234$0$0$1,854,156
91$6,135,138$0$0$2,000,145
92$6,610,923$0$0$2,159,667
93$7,130,513$0$0$2,334,059
94$7,698,228$0$0$2,524,793
95$8,318,822$0$0$2,733,490
96$8,997,531$0$0$2,961,936
97$9,740,119$0$0$3,212,098
98$10,552,934$0$0$3,486,139
99$11,442,964$0$0$3,786,444
100$12,417,908$0$0$4,115,639