Can I retire at age 58 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$69,201$68,585$67,983$67,396$66,823$66,430
2 years$34,258$33,620$33,002$32,402$31,821$31,424
3 years$22,612$21,971$21,354$20,760$20,188$19,800
4 years$16,790$16,151$15,540$14,957$14,398$14,022
5 years$13,298$12,663$12,060$11,488$10,945$10,582
6 years$10,970$10,340$9,746$9,187$8,661$8,311
7 years$9,308$8,684$8,099$7,553$7,044$6,707
8 years$8,063$7,443$6,869$6,336$5,843$5,520
9 years$7,094$6,481$5,916$5,397$4,921$4,611
10 years$6,320$5,712$5,158$4,652$4,193$3,897
11 years$5,687$5,086$4,541$4,049$3,606$3,323
12 years$5,160$4,564$4,030$3,551$3,125$2,855
13 years$4,714$4,125$3,600$3,135$2,725$2,467
14 years$4,332$3,749$3,235$2,783$2,389$2,143
15 years$4,002$3,425$2,921$2,482$2,103$1,870
16 years$3,713$3,143$2,648$2,223$1,859$1,637
17 years$3,458$2,894$2,410$1,997$1,648$1,438
18 years$3,232$2,674$2,200$1,800$1,465$1,266
19 years$3,030$2,479$2,014$1,626$1,306$1,117
20 years$2,848$2,303$1,848$1,473$1,167$988
21 years$2,684$2,145$1,700$1,337$1,044$875
22 years$2,535$2,003$1,567$1,215$936$777
23 years$2,399$1,873$1,447$1,107$840$690
24 years$2,275$1,755$1,338$1,009$755$614
25 years$2,160$1,647$1,239$922$679$546
26 years$2,055$1,548$1,149$843$612$487
27 years$1,958$1,457$1,067$772$552$434
28 years$1,868$1,373$992$707$498$387
29 years$1,784$1,295$923$648$450$346
30 years$1,706$1,223$860$595$406$309
31 years$1,633$1,156$802$546$367$276
32 years$1,565$1,094$748$502$332$247
33 years$1,501$1,036$698$462$301$221
34 years$1,441$982$653$425$272$198
35 years$1,384$931$610$391$247$177
36 years$1,331$884$571$360$223$159
37 years$1,281$839$534$332$202$142
38 years$1,233$798$500$306$184$127
39 years$1,188$759$469$282$166$114
40 years$1,146$722$439$260$151$102
41 years$1,105$687$412$240$137$92
42 years$1,067$654$386$222$124$82
43 years$1,030$623$363$204$113$74
44 years$996$594$340$189$102$66
45 years$963$567$320$174$93$59
46 years$931$541$300$161$84$53
47 years$901$516$282$149$77$48
48 years$872$492$265$138$70$43
49 years$845$470$249$127$63$38
50 years$818$449$234$117$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $838,000, adding $5,354 every year, while hoping to spend $54,373 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: 46/27/27 Blend
57$838,000$838,000$838,000$838,000
58$928,999$884,585$871,596$964,301
59$965,904$870,077$842,942$975,290
60$1,004,751$853,036$811,505$981,510
61$1,045,682$833,280$777,136$987,202
62$1,088,848$810,617$739,677$992,346
63$1,134,416$784,844$698,962$996,924
64$1,182,570$755,745$654,821$1,000,917
65$1,233,508$723,091$607,073$1,004,313
66$1,287,446$686,643$555,530$1,007,102
67$1,344,621$646,145$499,996$1,009,275
68$1,405,293$601,326$440,267$1,010,831
69$1,469,745$551,903$376,127$1,011,774
70$1,538,285$497,572$307,354$1,012,111
71$1,611,253$438,017$233,713$1,011,861
72$1,689,020$372,899$154,962$1,011,047
73$1,771,992$301,863$70,845$1,009,704
74$1,860,614$224,533$0$1,007,876
75$1,955,374$140,511$0$1,011,074
76$2,056,805$49,380$0$1,036,053
77$2,165,496$0$0$1,062,552
78$2,282,087$0$0$1,105,413
79$2,407,287$0$0$1,167,259
80$2,541,868$0$0$1,233,810
81$2,686,680$0$0$1,305,495
82$2,842,659$0$0$1,382,786
83$3,010,828$0$0$1,466,201
84$3,192,314$0$0$1,556,308
85$3,388,355$0$0$1,653,734
86$3,600,310$0$0$1,759,166
87$3,829,675$0$0$1,873,359
88$4,078,092$0$0$1,997,146
89$4,347,368$0$0$2,131,438
90$4,639,489$0$0$2,277,242
91$4,956,641$0$0$2,435,662
92$5,301,226$0$0$2,607,915
93$5,675,886$0$0$2,795,337
94$6,083,532$0$0$2,999,402
95$6,527,361$0$0$3,221,727
96$7,010,895$0$0$3,464,096
97$7,538,009$0$0$3,728,470
98$8,112,966$0$0$4,017,007
99$8,740,461$0$0$4,332,084
100$9,425,659$0$0$4,676,318