Can I retire at age 58 with 837,000?

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 $837,000?

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$69,119$68,503$67,902$67,316$66,744$65,316
2 years$34,217$33,580$32,962$32,363$31,783$30,351
3 years$22,585$21,945$21,329$20,736$20,164$18,774
4 years$16,770$16,132$15,522$14,939$14,381$13,042
5 years$13,282$12,648$12,046$11,474$10,932$9,649
6 years$10,957$10,328$9,735$9,176$8,650$7,424
7 years$9,297$8,673$8,090$7,544$7,035$5,866
8 years$8,053$7,434$6,861$6,329$5,836$4,723
9 years$7,086$6,473$5,909$5,391$4,915$3,858
10 years$6,312$5,706$5,152$4,647$4,188$3,186
11 years$5,680$5,079$4,535$4,044$3,602$2,653
12 years$5,153$4,559$4,025$3,547$3,121$2,225
13 years$4,708$4,120$3,596$3,132$2,722$1,876
14 years$4,327$3,745$3,231$2,780$2,386$1,588
15 years$3,997$3,421$2,917$2,479$2,101$1,350
16 years$3,708$3,139$2,645$2,220$1,857$1,152
17 years$3,454$2,891$2,407$1,995$1,646$985
18 years$3,228$2,671$2,197$1,797$1,464$844
19 years$3,026$2,476$2,011$1,624$1,305$724
20 years$2,845$2,300$1,846$1,471$1,165$623
21 years$2,681$2,143$1,698$1,335$1,043$536
22 years$2,532$2,000$1,565$1,214$935$462
23 years$2,396$1,871$1,445$1,105$839$399
24 years$2,272$1,753$1,336$1,008$754$344
25 years$2,158$1,645$1,238$921$679$297
26 years$2,053$1,546$1,148$842$611$257
27 years$1,956$1,455$1,066$771$551$222
28 years$1,865$1,371$991$706$497$193
29 years$1,782$1,293$922$647$449$167
30 years$1,704$1,221$859$594$406$144
31 years$1,631$1,155$801$546$367$125
32 years$1,563$1,093$747$502$332$108
33 years$1,499$1,035$698$461$300$94
34 years$1,439$981$652$424$272$81
35 years$1,383$930$609$391$246$71
36 years$1,329$883$570$360$223$61
37 years$1,279$838$534$331$202$53
38 years$1,232$797$500$306$183$46
39 years$1,187$758$468$282$166$40
40 years$1,144$721$439$260$151$35
41 years$1,104$686$411$240$137$30
42 years$1,066$654$386$221$124$26
43 years$1,029$623$362$204$113$23
44 years$994$594$340$189$102$20
45 years$961$566$319$174$93$17
46 years$930$540$300$161$84$15
47 years$900$515$282$149$77$13
48 years$871$492$265$137$70$11
49 years$844$470$249$127$63$10
50 years$817$449$234$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $837,000, adding $2,274 every year, while hoping to spend $47,885 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: 50/40/10 Blend
57$837,000$837,000$837,000$837,000
58$924,720$880,359$867,385$968,390
59$968,092$872,547$845,493$990,689
60$1,014,283$862,748$821,263$1,009,643
61$1,063,530$850,813$794,566$1,029,133
62$1,116,093$836,585$765,267$1,049,224
63$1,172,256$819,899$733,224$1,069,987
64$1,232,331$800,579$698,292$1,091,505
65$1,296,659$778,438$660,315$1,113,873
66$1,365,615$753,278$619,133$1,137,198
67$1,439,611$724,892$574,577$1,161,602
68$1,519,098$693,058$526,472$1,187,222
69$1,604,570$657,543$474,633$1,214,214
70$1,696,573$618,099$418,870$1,242,755
71$1,795,702$574,464$358,981$1,273,044
72$1,902,614$526,363$294,757$1,305,304
73$2,018,029$473,504$225,980$1,339,787
74$2,142,739$415,576$152,421$1,376,777
75$2,277,614$352,255$73,842$1,416,591
76$2,423,610$283,195$0$1,459,587
77$2,581,778$208,031$0$1,507,232
78$2,753,275$126,380$0$1,567,383
79$2,939,371$37,835$0$1,632,684
80$3,141,465$0$0$1,703,724
81$3,361,095$0$0$1,806,704
82$3,599,951$0$0$1,936,888
83$3,859,895$0$0$2,078,647
84$4,142,976$0$0$2,233,107
85$4,451,445$0$0$2,401,509
86$4,787,785$0$0$2,585,218
87$5,154,722$0$0$2,785,736
88$5,555,263$0$0$3,004,717
89$5,992,714$0$0$3,243,981
90$6,470,716$0$0$3,505,533
91$6,993,276$0$0$3,791,579
92$7,564,808$0$0$4,104,549
93$8,190,170$0$0$4,447,118
94$8,874,712$0$0$4,822,232
95$9,624,325$0$0$5,233,135
96$10,445,497$0$0$5,683,400
97$11,345,372$0$0$6,176,961
98$12,331,820$0$0$6,718,152
99$13,413,506$0$0$7,311,746
100$14,599,974$0$0$7,962,998