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%13.9%
1 years$69,036$68,421$67,821$67,236$66,664$65,586
2 years$34,176$33,540$32,923$32,325$31,745$30,662
3 years$22,558$21,919$21,303$20,711$20,140$19,086
4 years$16,750$16,113$15,503$14,921$14,364$13,347
5 years$13,266$12,632$12,031$11,461$10,919$9,942
6 years$10,944$10,315$9,723$9,165$8,640$7,703
7 years$9,286$8,663$8,080$7,535$7,027$6,131
8 years$8,043$7,426$6,852$6,321$5,829$4,975
9 years$7,077$6,465$5,902$5,384$4,909$4,095
10 years$6,305$5,699$5,145$4,641$4,183$3,408
11 years$5,673$5,073$4,530$4,039$3,597$2,862
12 years$5,147$4,554$4,020$3,543$3,117$2,420
13 years$4,703$4,115$3,592$3,128$2,718$2,058
14 years$4,322$3,741$3,227$2,777$2,383$1,758
15 years$3,992$3,417$2,914$2,476$2,098$1,508
16 years$3,704$3,135$2,642$2,217$1,854$1,298
17 years$3,450$2,887$2,404$1,992$1,644$1,120
18 years$3,224$2,668$2,194$1,795$1,462$969
19 years$3,023$2,473$2,009$1,622$1,303$840
20 years$2,841$2,298$1,844$1,469$1,164$729
21 years$2,678$2,140$1,696$1,333$1,042$634
22 years$2,529$1,998$1,563$1,212$934$552
23 years$2,393$1,869$1,443$1,104$838$481
24 years$2,269$1,751$1,335$1,007$753$420
25 years$2,155$1,643$1,236$920$678$366
26 years$2,050$1,544$1,146$841$611$320
27 years$1,953$1,453$1,065$770$550$280
28 years$1,863$1,369$990$705$497$245
29 years$1,780$1,292$921$647$449$214
30 years$1,702$1,220$858$594$405$187
31 years$1,629$1,153$800$545$366$164
32 years$1,561$1,091$746$501$331$144
33 years$1,497$1,033$697$461$300$126
34 years$1,437$979$651$424$272$110
35 years$1,381$929$609$390$246$97
36 years$1,328$882$569$359$223$85
37 years$1,278$837$533$331$202$74
38 years$1,230$796$499$305$183$65
39 years$1,185$757$468$281$166$57
40 years$1,143$720$438$260$151$50
41 years$1,103$685$411$239$137$44
42 years$1,064$653$385$221$124$39
43 years$1,028$622$362$204$113$34
44 years$993$593$340$188$102$30
45 years$960$565$319$174$93$26
46 years$929$539$299$161$84$23
47 years$899$515$281$148$76$20
48 years$870$491$264$137$69$18
49 years$843$469$248$127$63$16
50 years$816$448$234$117$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $836,000, adding $5,594 every year, while hoping to spend $47,696 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: 78/6/16 Blend
57$836,000$836,000$836,000$836,000
58$927,042$882,734$869,776$995,727
59$970,852$875,240$848,166$1,034,305
60$1,017,533$865,780$824,232$1,070,017
61$1,067,325$854,208$797,848$1,107,870
62$1,120,496$840,367$768,880$1,148,062
63$1,177,335$824,094$737,186$1,190,808
64$1,238,163$805,214$702,621$1,236,348
65$1,303,328$783,542$665,032$1,284,945
66$1,373,215$758,883$624,258$1,336,892
67$1,448,244$731,029$580,131$1,392,508
68$1,528,877$699,762$532,478$1,452,149
69$1,615,621$664,849$481,115$1,516,206
70$1,709,034$626,046$425,851$1,585,110
71$1,809,726$583,093$366,488$1,659,339
72$1,918,369$535,715$302,816$1,739,418
73$2,035,701$483,624$234,620$1,825,927
74$2,162,534$426,513$161,670$1,919,506
75$2,299,758$364,058$83,732$2,020,863
76$2,448,354$295,917$557$2,130,778
77$2,609,397$221,728$0$2,250,111
78$2,784,074$141,111$0$2,394,870
79$2,973,686$53,662$0$2,552,125
80$3,179,665$0$0$2,722,986
81$3,403,589$0$0$2,911,488
82$3,647,190$0$0$3,120,434
83$3,912,376$0$0$3,347,919
84$4,201,246$0$0$3,595,748
85$4,516,110$0$0$3,865,905
86$4,859,509$0$0$4,160,574
87$5,234,242$0$0$4,482,161
88$5,643,389$0$0$4,833,312
89$6,090,338$0$0$5,216,940
90$6,578,824$0$0$5,636,253
91$7,112,954$0$0$6,094,783
92$7,697,252$0$0$6,596,417
93$8,336,700$0$0$7,145,436
94$9,036,784$0$0$7,746,555
95$9,803,542$0$0$8,404,966
96$10,643,628$0$0$9,126,384
97$11,564,367$0$0$9,917,107
98$12,573,826$0$0$10,784,068
99$13,680,891$0$0$11,734,904
100$14,895,350$0$0$12,778,029