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%15.9%
1 years$69,036$68,421$67,821$67,236$66,664$65,052
2 years$34,176$33,540$32,923$32,325$31,745$30,131
3 years$22,558$21,919$21,303$20,711$20,140$18,574
4 years$16,750$16,113$15,503$14,921$14,364$12,858
5 years$13,266$12,632$12,031$11,461$10,919$9,478
6 years$10,944$10,315$9,723$9,165$8,640$7,264
7 years$9,286$8,663$8,080$7,535$7,027$5,717
8 years$8,043$7,426$6,852$6,321$5,829$4,585
9 years$7,077$6,465$5,902$5,384$4,909$3,729
10 years$6,305$5,699$5,145$4,641$4,183$3,066
11 years$5,673$5,073$4,530$4,039$3,597$2,542
12 years$5,147$4,554$4,020$3,543$3,117$2,122
13 years$4,703$4,115$3,592$3,128$2,718$1,781
14 years$4,322$3,741$3,227$2,777$2,383$1,501
15 years$3,992$3,417$2,914$2,476$2,098$1,270
16 years$3,704$3,135$2,642$2,217$1,854$1,077
17 years$3,450$2,887$2,404$1,992$1,644$916
18 years$3,224$2,668$2,194$1,795$1,462$781
19 years$3,023$2,473$2,009$1,622$1,303$667
20 years$2,841$2,298$1,844$1,469$1,164$571
21 years$2,678$2,140$1,696$1,333$1,042$489
22 years$2,529$1,998$1,563$1,212$934$419
23 years$2,393$1,869$1,443$1,104$838$359
24 years$2,269$1,751$1,335$1,007$753$309
25 years$2,155$1,643$1,236$920$678$265
26 years$2,050$1,544$1,146$841$611$228
27 years$1,953$1,453$1,065$770$550$196
28 years$1,863$1,369$990$705$497$169
29 years$1,780$1,292$921$647$449$145
30 years$1,702$1,220$858$594$405$125
31 years$1,629$1,153$800$545$366$108
32 years$1,561$1,091$746$501$331$93
33 years$1,497$1,033$697$461$300$80
34 years$1,437$979$651$424$272$69
35 years$1,381$929$609$390$246$59
36 years$1,328$882$569$359$223$51
37 years$1,278$837$533$331$202$44
38 years$1,230$796$499$305$183$38
39 years$1,185$757$468$281$166$33
40 years$1,143$720$438$260$151$28
41 years$1,103$685$411$239$137$24
42 years$1,064$653$385$221$124$21
43 years$1,028$622$362$204$113$18
44 years$993$593$340$188$102$16
45 years$960$565$319$174$93$14
46 years$929$539$299$161$84$12
47 years$899$515$281$148$76$10
48 years$870$491$264$137$69$9
49 years$843$469$248$127$63$7
50 years$816$448$234$117$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $836,000, adding $5,178 every year, while hoping to spend $40,477 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: 53/39/8 Blend
57$836,000$836,000$836,000$836,000
58$926,613$882,305$869,347$973,630
59$978,060$882,471$855,403$1,006,265
60$1,033,399$881,288$839,635$1,036,901
61$1,092,982$878,648$821,940$1,069,265
62$1,157,200$874,435$802,208$1,103,526
63$1,226,479$868,527$780,327$1,139,876
64$1,301,288$860,793$756,176$1,178,525
65$1,382,144$851,097$729,633$1,219,708
66$1,469,613$839,291$700,566$1,263,686
67$1,564,319$825,221$668,840$1,310,748
68$1,666,945$808,723$634,312$1,361,216
69$1,778,247$789,624$596,834$1,415,446
70$1,899,051$767,738$556,251$1,473,835
71$2,030,269$742,872$512,400$1,536,820
72$2,172,903$714,819$465,112$1,604,889
73$2,328,055$683,361$414,210$1,678,583
74$2,496,938$648,268$359,508$1,758,500
75$2,680,888$609,295$300,813$1,845,305
76$2,881,372$566,184$237,923$1,939,732
77$3,100,007$518,662$170,629$2,042,596
78$3,338,572$466,440$98,709$2,154,802
79$3,599,025$409,215$21,935$2,277,348
80$3,883,521$346,662$0$2,411,342
81$4,194,434$278,443$0$2,563,133
82$4,534,377$204,197$0$2,731,287
83$4,906,225$123,544$0$2,915,453
84$5,313,145$36,083$0$3,117,319
85$5,758,626$0$0$3,338,747
86$6,246,508$0$0$3,606,950
87$6,781,019$0$0$3,917,833
88$7,366,817$0$0$4,258,630
89$8,009,033$0$0$4,632,335
90$8,713,314$0$0$5,042,247
91$9,485,884$0$0$5,491,998
92$10,333,595$0$0$5,985,590
93$11,263,999$0$0$6,527,431
94$12,285,409$0$0$7,122,376
95$13,406,987$0$0$7,775,774
96$14,638,821$0$0$8,493,516
97$15,992,030$0$0$9,282,093
98$17,478,857$0$0$10,148,656
99$19,112,793$0$0$11,101,081
100$20,908,700$0$0$12,148,048