Can I retire at age 58 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$69,284$68,667$68,065$67,477$66,903$65,660
2 years$34,299$33,660$33,041$32,441$31,859$30,611
3 years$22,639$21,997$21,380$20,785$20,212$18,999
4 years$16,810$16,170$15,559$14,975$14,416$13,245
5 years$13,313$12,678$12,074$11,502$10,959$9,835
6 years$10,983$10,352$9,758$9,198$8,671$7,596
7 years$9,320$8,694$8,109$7,562$7,052$6,025
8 years$8,072$7,452$6,877$6,344$5,850$4,872
9 years$7,103$6,489$5,923$5,404$4,927$3,996
10 years$6,327$5,719$5,164$4,658$4,198$3,314
11 years$5,694$5,092$4,546$4,054$3,610$2,772
12 years$5,166$4,570$4,035$3,556$3,129$2,335
13 years$4,720$4,130$3,605$3,139$2,728$1,978
14 years$4,337$3,754$3,239$2,787$2,392$1,683
15 years$4,006$3,429$2,924$2,485$2,106$1,438
16 years$3,717$3,146$2,651$2,225$1,861$1,232
17 years$3,462$2,898$2,413$1,999$1,650$1,059
18 years$3,236$2,678$2,202$1,802$1,467$912
19 years$3,033$2,482$2,016$1,628$1,308$787
20 years$2,851$2,306$1,850$1,475$1,168$680
21 years$2,687$2,148$1,702$1,338$1,045$589
22 years$2,538$2,005$1,569$1,217$937$510
23 years$2,402$1,875$1,448$1,108$841$442
24 years$2,277$1,757$1,339$1,011$756$384
25 years$2,163$1,649$1,241$923$680$334
26 years$2,058$1,550$1,151$844$613$290
27 years$1,960$1,458$1,068$772$552$253
28 years$1,870$1,374$993$708$498$220
29 years$1,786$1,296$924$649$450$191
30 years$1,708$1,224$861$596$407$167
31 years$1,635$1,157$803$547$368$145
32 years$1,567$1,095$749$503$333$127
33 years$1,503$1,037$699$462$301$110
34 years$1,442$983$653$425$273$96
35 years$1,386$932$611$392$247$84
36 years$1,333$885$571$361$224$73
37 years$1,282$840$535$332$203$64
38 years$1,235$799$501$306$184$56
39 years$1,190$760$469$282$167$49
40 years$1,147$723$440$260$151$42
41 years$1,107$688$412$240$137$37
42 years$1,068$655$387$222$124$32
43 years$1,032$624$363$205$113$28
44 years$997$595$341$189$103$25
45 years$964$567$320$175$93$22
46 years$932$541$300$161$84$19
47 years$902$517$282$149$77$16
48 years$873$493$265$138$70$14
49 years$846$471$249$127$63$13
50 years$819$450$234$118$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $839,000, adding $2,624 every year, while hoping to spend $22,250 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: 56/25/19 Blend
57$839,000$839,000$839,000$839,000
58$927,285$882,818$869,813$974,361
59$998,194$902,402$875,278$1,026,327
60$1,075,590$922,200$880,180$1,080,301
61$1,160,112$942,199$884,478$1,138,608
62$1,252,461$962,385$888,125$1,201,668
63$1,353,411$982,741$891,077$1,269,947
64$1,463,814$1,003,250$893,283$1,343,955
65$1,584,607$1,023,894$894,692$1,424,255
66$1,716,823$1,044,651$895,251$1,511,469
67$1,861,599$1,065,498$894,901$1,606,282
68$2,020,186$1,086,411$893,584$1,709,447
69$2,193,963$1,107,363$891,237$1,821,797
70$2,384,448$1,128,325$887,795$1,944,248
71$2,593,314$1,149,265$883,188$2,077,809
72$2,822,402$1,170,150$877,345$2,223,596
73$3,073,741$1,190,941$870,190$2,382,834
74$3,349,566$1,211,600$861,645$2,556,878
75$3,652,337$1,232,084$851,625$2,747,219
76$3,984,766$1,252,347$840,045$2,955,500
77$4,349,840$1,272,339$826,814$3,183,535
78$4,750,847$1,292,008$811,836$3,433,320
79$5,191,413$1,311,296$795,013$3,707,059
80$5,675,531$1,330,142$776,238$4,007,178
81$6,207,597$1,348,482$755,405$4,336,354
82$6,792,460$1,366,245$732,399$4,697,537
83$7,435,456$1,383,357$707,099$5,093,978
84$8,142,468$1,399,737$679,383$5,529,261
85$8,919,977$1,415,300$649,119$6,007,338
86$9,775,120$1,429,956$616,171$6,532,565
87$10,715,766$1,443,608$580,396$7,109,742
88$11,750,581$1,456,151$541,645$7,744,161
89$12,889,113$1,467,475$499,763$8,441,657
90$14,141,885$1,477,464$454,588$9,208,659
91$15,520,489$1,485,991$405,948$10,052,256
92$17,037,699$1,492,925$353,668$10,980,262
93$18,707,589$1,498,123$297,561$12,001,287
94$20,545,667$1,501,436$237,433$13,124,826
95$22,569,022$1,502,702$173,083$14,361,342
96$24,796,480$1,501,753$104,300$15,722,368
97$27,248,791$1,498,408$30,864$17,220,618
98$29,948,814$1,492,477$0$18,870,105
99$32,921,739$1,483,754$0$20,695,904
100$36,195,324$1,472,026$0$22,712,712