Can I retire at age 58 with 837,000?

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 $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%11.5%
1 years$69,119$68,503$67,902$67,316$66,744$66,323
2 years$34,217$33,580$32,962$32,363$31,783$31,358
3 years$22,585$21,945$21,329$20,736$20,164$19,749
4 years$16,770$16,132$15,522$14,939$14,381$13,979
5 years$13,282$12,648$12,046$11,474$10,932$10,544
6 years$10,957$10,328$9,735$9,176$8,650$8,277
7 years$9,297$8,673$8,090$7,544$7,035$6,676
8 years$8,053$7,434$6,861$6,329$5,836$5,491
9 years$7,086$6,473$5,909$5,391$4,915$4,585
10 years$6,312$5,706$5,152$4,647$4,188$3,872
11 years$5,680$5,079$4,535$4,044$3,602$3,300
12 years$5,153$4,559$4,025$3,547$3,121$2,833
13 years$4,708$4,120$3,596$3,132$2,722$2,447
14 years$4,327$3,745$3,231$2,780$2,386$2,124
15 years$3,997$3,421$2,917$2,479$2,101$1,852
16 years$3,708$3,139$2,645$2,220$1,857$1,620
17 years$3,454$2,891$2,407$1,995$1,646$1,422
18 years$3,228$2,671$2,197$1,797$1,464$1,251
19 years$3,026$2,476$2,011$1,624$1,305$1,104
20 years$2,845$2,300$1,846$1,471$1,165$975
21 years$2,681$2,143$1,698$1,335$1,043$863
22 years$2,532$2,000$1,565$1,214$935$765
23 years$2,396$1,871$1,445$1,105$839$679
24 years$2,272$1,753$1,336$1,008$754$604
25 years$2,158$1,645$1,238$921$679$537
26 years$2,053$1,546$1,148$842$611$478
27 years$1,956$1,455$1,066$771$551$426
28 years$1,865$1,371$991$706$497$380
29 years$1,782$1,293$922$647$449$339
30 years$1,704$1,221$859$594$406$303
31 years$1,631$1,155$801$546$367$270
32 years$1,563$1,093$747$502$332$242
33 years$1,499$1,035$698$461$300$216
34 years$1,439$981$652$424$272$193
35 years$1,383$930$609$391$246$173
36 years$1,329$883$570$360$223$155
37 years$1,279$838$534$331$202$138
38 years$1,232$797$500$306$183$124
39 years$1,187$758$468$282$166$111
40 years$1,144$721$439$260$151$99
41 years$1,104$686$411$240$137$89
42 years$1,066$654$386$221$124$80
43 years$1,029$623$362$204$113$71
44 years$994$594$340$189$102$64
45 years$961$566$319$174$93$57
46 years$930$540$300$161$84$51
47 years$900$515$282$149$77$46
48 years$871$492$265$137$70$41
49 years$844$470$249$127$63$37
50 years$817$449$234$117$57$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $837,000, adding $6,255 every year, while hoping to spend $33,676 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: 36/43/21 Blend
57$837,000$837,000$837,000$837,000
58$928,826$884,465$871,492$956,165
59$987,735$891,973$864,855$984,223
60$1,051,525$898,720$856,868$1,010,913
61$1,120,656$904,633$847,450$1,039,037
62$1,195,638$909,635$836,514$1,068,745
63$1,277,030$913,644$823,974$1,100,201
64$1,365,446$916,571$809,736$1,133,591
65$1,461,562$918,324$793,703$1,169,118
66$1,566,122$918,803$775,773$1,207,012
67$1,679,946$917,903$755,840$1,247,527
68$1,803,932$915,513$733,793$1,290,946
69$1,939,074$911,513$709,516$1,337,583
70$2,086,460$905,778$682,885$1,387,787
71$2,247,293$898,175$653,776$1,441,948
72$2,422,893$888,562$622,053$1,500,497
73$2,614,715$876,788$587,579$1,563,913
74$2,824,360$862,695$550,207$1,632,729
75$3,053,592$846,115$509,787$1,707,535
76$3,304,352$826,868$466,158$1,788,986
77$3,578,777$804,765$419,155$1,877,809
78$3,879,221$779,607$368,606$1,974,810
79$4,208,276$751,182$314,328$2,080,882
80$4,568,795$719,265$256,133$2,197,016
81$4,963,923$683,620$193,824$2,324,310
82$5,397,120$643,995$127,195$2,463,978
83$5,872,200$600,125$56,030$2,617,367
84$6,393,363$551,729$0$2,785,969
85$6,965,234$498,511$0$2,975,896
86$7,592,907$440,158$0$3,198,200
87$8,281,995$376,337$0$3,442,391
88$9,038,681$306,700$0$3,710,762
89$9,869,774$230,876$0$4,005,849
90$10,782,777$148,475$0$4,330,451
91$11,785,954$59,084$0$4,687,661
92$12,888,410$0$0$5,080,893
93$14,100,176$0$0$5,531,773
94$15,432,302$0$0$6,058,300
95$16,896,963$0$0$6,637,344
96$18,507,572$0$0$7,274,225
97$20,278,908$0$0$7,974,804
98$22,227,252$0$0$8,745,539
99$24,370,544$0$0$9,593,543
100$26,728,550$0$0$10,526,657