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%14.2%
1 years$69,119$68,503$67,902$67,316$66,744$65,584
2 years$34,217$33,580$32,962$32,363$31,783$30,618
3 years$22,585$21,945$21,329$20,736$20,164$19,031
4 years$16,770$16,132$15,522$14,939$14,381$13,288
5 years$13,282$12,648$12,046$11,474$10,932$9,883
6 years$10,957$10,328$9,735$9,176$8,650$7,645
7 years$9,297$8,673$8,090$7,544$7,035$6,074
8 years$8,053$7,434$6,861$6,329$5,836$4,920
9 years$7,086$6,473$5,909$5,391$4,915$4,043
10 years$6,312$5,706$5,152$4,647$4,188$3,359
11 years$5,680$5,079$4,535$4,044$3,602$2,815
12 years$5,153$4,559$4,025$3,547$3,121$2,376
13 years$4,708$4,120$3,596$3,132$2,722$2,016
14 years$4,327$3,745$3,231$2,780$2,386$1,719
15 years$3,997$3,421$2,917$2,479$2,101$1,472
16 years$3,708$3,139$2,645$2,220$1,857$1,264
17 years$3,454$2,891$2,407$1,995$1,646$1,088
18 years$3,228$2,671$2,197$1,797$1,464$939
19 years$3,026$2,476$2,011$1,624$1,305$812
20 years$2,845$2,300$1,846$1,471$1,165$704
21 years$2,681$2,143$1,698$1,335$1,043$610
22 years$2,532$2,000$1,565$1,214$935$530
23 years$2,396$1,871$1,445$1,105$839$461
24 years$2,272$1,753$1,336$1,008$754$401
25 years$2,158$1,645$1,238$921$679$349
26 years$2,053$1,546$1,148$842$611$305
27 years$1,956$1,455$1,066$771$551$266
28 years$1,865$1,371$991$706$497$232
29 years$1,782$1,293$922$647$449$202
30 years$1,704$1,221$859$594$406$177
31 years$1,631$1,155$801$546$367$154
32 years$1,563$1,093$747$502$332$135
33 years$1,499$1,035$698$461$300$118
34 years$1,439$981$652$424$272$103
35 years$1,383$930$609$391$246$90
36 years$1,329$883$570$360$223$79
37 years$1,279$838$534$331$202$69
38 years$1,232$797$500$306$183$60
39 years$1,187$758$468$282$166$53
40 years$1,144$721$439$260$151$46
41 years$1,104$686$411$240$137$40
42 years$1,066$654$386$221$124$35
43 years$1,029$623$362$204$113$31
44 years$994$594$340$189$102$27
45 years$961$566$319$174$93$24
46 years$930$540$300$161$84$21
47 years$900$515$282$149$77$18
48 years$871$492$265$137$70$16
49 years$844$470$249$127$63$14
50 years$817$449$234$117$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $837,000, adding $4,724 every year, while hoping to spend $23,388 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: 60/26/14 Blend
57$837,000$837,000$837,000$837,000
58$927,247$882,886$869,912$979,378
59$996,941$901,263$874,170$1,033,428
60$1,072,961$919,756$877,786$1,089,321
61$1,155,926$938,347$880,715$1,149,735
62$1,246,519$957,015$882,907$1,215,110
63$1,345,493$975,737$884,313$1,285,929
64$1,453,674$994,489$884,879$1,362,724
65$1,571,975$1,013,245$884,548$1,446,084
66$1,701,398$1,031,976$883,263$1,536,656
67$1,843,048$1,050,650$880,960$1,635,151
68$1,998,142$1,069,235$877,575$1,742,358
69$2,168,019$1,087,695$873,040$1,859,141
70$2,354,155$1,105,990$867,285$1,986,455
71$2,558,175$1,124,079$860,235$2,125,353
72$2,781,867$1,141,917$851,811$2,276,993
73$3,027,202$1,159,456$841,931$2,442,656
74$3,296,352$1,176,644$830,511$2,623,748
75$3,591,706$1,193,426$817,460$2,821,823
76$3,915,899$1,209,743$802,684$3,038,594
77$4,271,832$1,225,532$786,085$3,275,945
78$4,662,700$1,240,724$767,560$3,535,958
79$5,092,024$1,255,248$747,002$3,820,925
80$5,563,681$1,269,026$724,297$4,133,372
81$6,081,944$1,281,975$699,328$4,476,084
82$6,651,519$1,294,008$671,972$4,852,133
83$7,277,590$1,305,032$642,100$5,264,901
84$7,965,871$1,314,945$609,577$5,718,120
85$8,722,654$1,323,642$574,262$6,215,901
86$9,554,874$1,331,009$536,009$6,762,778
87$10,470,169$1,336,926$494,663$7,363,745
88$11,476,956$1,341,265$450,064$8,024,310
89$12,584,509$1,343,890$402,044$8,750,543
90$13,803,044$1,344,657$350,428$9,549,135
91$15,143,820$1,343,410$295,033$10,427,462
92$16,619,240$1,339,988$235,667$11,393,653
93$18,242,972$1,334,216$172,131$12,456,669
94$20,030,074$1,325,912$104,216$13,626,387
95$21,997,140$1,314,880$31,706$14,913,693
96$24,162,452$1,300,913$0$16,330,587
97$26,546,157$1,283,793$0$17,897,118
98$29,170,452$1,263,286$0$19,626,541
99$32,059,798$1,239,147$0$21,530,220
100$35,241,147$1,211,115$0$23,625,903