Can I retire at age 58 with 838,000?

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 $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%13.9%
1 years$69,201$68,585$67,983$67,396$66,823$65,743
2 years$34,258$33,620$33,002$32,402$31,821$30,736
3 years$22,612$21,971$21,354$20,760$20,188$19,132
4 years$16,790$16,151$15,540$14,957$14,398$13,379
5 years$13,298$12,663$12,060$11,488$10,945$9,966
6 years$10,970$10,340$9,746$9,187$8,661$7,722
7 years$9,308$8,684$8,099$7,553$7,044$6,146
8 years$8,063$7,443$6,869$6,336$5,843$4,986
9 years$7,094$6,481$5,916$5,397$4,921$4,105
10 years$6,320$5,712$5,158$4,652$4,193$3,416
11 years$5,687$5,086$4,541$4,049$3,606$2,869
12 years$5,160$4,564$4,030$3,551$3,125$2,426
13 years$4,714$4,125$3,600$3,135$2,725$2,063
14 years$4,332$3,749$3,235$2,783$2,389$1,762
15 years$4,002$3,425$2,921$2,482$2,103$1,512
16 years$3,713$3,143$2,648$2,223$1,859$1,301
17 years$3,458$2,894$2,410$1,997$1,648$1,123
18 years$3,232$2,674$2,200$1,800$1,465$971
19 years$3,030$2,479$2,014$1,626$1,306$842
20 years$2,848$2,303$1,848$1,473$1,167$731
21 years$2,684$2,145$1,700$1,337$1,044$635
22 years$2,535$2,003$1,567$1,215$936$553
23 years$2,399$1,873$1,447$1,107$840$482
24 years$2,275$1,755$1,338$1,009$755$421
25 years$2,160$1,647$1,239$922$679$367
26 years$2,055$1,548$1,149$843$612$321
27 years$1,958$1,457$1,067$772$552$280
28 years$1,868$1,373$992$707$498$245
29 years$1,784$1,295$923$648$450$215
30 years$1,706$1,223$860$595$406$188
31 years$1,633$1,156$802$546$367$165
32 years$1,565$1,094$748$502$332$144
33 years$1,501$1,036$698$462$301$126
34 years$1,441$982$653$425$272$111
35 years$1,384$931$610$391$247$97
36 years$1,331$884$571$360$223$85
37 years$1,281$839$534$332$202$75
38 years$1,233$798$500$306$184$65
39 years$1,188$759$469$282$166$57
40 years$1,146$722$439$260$151$50
41 years$1,105$687$412$240$137$44
42 years$1,067$654$386$222$124$39
43 years$1,030$623$363$204$113$34
44 years$996$594$340$189$102$30
45 years$963$567$320$174$93$26
46 years$931$541$300$161$84$23
47 years$901$516$282$149$77$20
48 years$872$492$265$138$70$18
49 years$845$470$249$127$63$16
50 years$818$449$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 $838,000, adding $3,154 every year, while hoping to spend $33,716 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: 74/21/5 Blend
57$838,000$838,000$838,000$838,000
58$926,729$882,315$869,326$994,732
59$985,382$889,675$862,575$1,047,257
60$1,048,888$896,266$854,468$1,100,176
61$1,117,705$902,014$844,923$1,157,170
62$1,192,339$906,841$833,857$1,218,629
63$1,273,346$910,664$821,179$1,284,984
64$1,361,337$913,396$806,798$1,356,709
65$1,456,982$914,942$790,615$1,434,326
66$1,561,023$915,202$772,529$1,518,411
67$1,674,271$914,071$752,433$1,609,598
68$1,797,623$911,437$730,215$1,708,587
69$1,932,063$907,179$705,760$1,816,149
70$2,078,675$901,172$678,944$1,933,134
71$2,238,651$893,282$649,641$2,060,478
72$2,413,306$883,365$617,716$2,199,214
73$2,604,084$871,271$583,031$2,350,482
74$2,812,578$856,840$545,439$2,515,535
75$3,040,538$839,902$504,788$2,695,758
76$3,289,894$820,279$460,920$2,892,675
77$3,562,770$797,779$413,668$3,107,969
78$3,861,505$772,203$362,857$3,343,494
79$4,188,673$743,335$308,308$3,601,293
80$4,547,111$710,952$249,830$3,883,621
81$4,939,943$674,815$187,226$4,192,961
82$5,370,608$634,672$120,288$4,532,053
83$5,842,894$590,255$48,802$4,903,916
84$6,360,975$541,284$0$5,311,880
85$6,929,447$487,459$0$5,761,082
86$7,553,372$428,465$0$6,256,975
87$8,238,326$363,971$0$6,801,427
88$8,990,453$293,623$0$7,399,371
89$9,816,519$217,050$0$8,056,242
90$10,723,978$133,860$0$8,778,034
91$11,721,043$43,638$0$9,571,351
92$12,816,760$0$0$10,443,475
93$14,021,095$0$0$11,414,922
94$15,345,029$0$0$12,493,965
95$16,800,658$0$0$13,680,384
96$18,401,310$0$0$14,985,047
97$20,161,669$0$0$16,419,927
98$22,097,912$0$0$17,998,217
99$24,227,864$0$0$19,734,452
100$26,571,164$0$0$21,644,645