Can I retire at age 58 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$69,779$69,158$68,551$67,959$67,381$65,408
2 years$34,544$33,901$33,277$32,673$32,086$30,114
3 years$22,801$22,155$21,533$20,934$20,357$18,448
4 years$16,930$16,286$15,670$15,082$14,519$12,687
5 years$13,409$12,768$12,161$11,584$11,037$9,288
6 years$11,062$10,426$9,828$9,264$8,733$7,069
7 years$9,386$8,756$8,167$7,616$7,102$5,522
8 years$8,130$7,506$6,926$6,389$5,892$4,395
9 years$7,153$6,535$5,965$5,442$4,962$3,547
10 years$6,373$5,760$5,201$4,691$4,228$2,892
11 years$5,734$5,128$4,579$4,083$3,636$2,378
12 years$5,203$4,603$4,064$3,581$3,151$1,968
13 years$4,753$4,159$3,630$3,162$2,748$1,637
14 years$4,368$3,781$3,262$2,807$2,409$1,368
15 years$4,035$3,454$2,945$2,503$2,121$1,147
16 years$3,744$3,169$2,670$2,241$1,874$964
17 years$3,487$2,918$2,430$2,014$1,662$812
18 years$3,259$2,697$2,218$1,815$1,478$686
19 years$3,055$2,499$2,031$1,640$1,317$580
20 years$2,872$2,322$1,864$1,485$1,176$491
21 years$2,706$2,163$1,714$1,348$1,053$416
22 years$2,556$2,019$1,580$1,225$944$353
23 years$2,419$1,889$1,459$1,116$847$300
24 years$2,294$1,770$1,349$1,018$761$255
25 years$2,179$1,661$1,249$930$685$217
26 years$2,072$1,561$1,159$850$617$185
27 years$1,974$1,469$1,076$778$556$157
28 years$1,883$1,384$1,000$713$502$134
29 years$1,799$1,306$931$654$453$114
30 years$1,720$1,233$867$600$410$97
31 years$1,647$1,166$808$551$370$83
32 years$1,578$1,103$754$506$335$70
33 years$1,513$1,045$704$466$303$60
34 years$1,453$990$658$428$274$51
35 years$1,396$939$615$394$249$44
36 years$1,342$891$575$363$225$37
37 years$1,291$846$539$335$204$32
38 years$1,244$804$504$308$185$27
39 years$1,198$765$473$284$168$23
40 years$1,155$728$443$262$152$20
41 years$1,115$693$415$242$138$17
42 years$1,076$660$390$223$125$14
43 years$1,039$629$366$206$114$12
44 years$1,004$599$343$190$103$10
45 years$971$571$322$176$94$9
46 years$939$545$303$162$85$8
47 years$908$520$284$150$77$6
48 years$879$497$267$139$70$6
49 years$852$474$251$128$64$5
50 years$825$453$236$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $845,000, adding $5,761 every year, while hoping to spend $27,518 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: 44/42/14 Blend
57$845,000$845,000$845,000$845,000
58$937,132$892,347$879,250$974,349
59$1,003,441$906,794$879,426$1,015,362
60$1,075,591$921,025$878,685$1,056,573
61$1,154,149$935,003$876,969$1,100,641
62$1,239,738$948,684$874,213$1,147,839
63$1,333,045$962,024$870,353$1,198,472
64$1,434,825$974,973$865,320$1,252,873
65$1,545,910$987,479$859,041$1,311,413
66$1,667,215$999,487$851,441$1,374,500
67$1,799,747$1,010,938$842,440$1,442,586
68$1,944,615$1,021,768$831,956$1,516,167
69$2,103,041$1,031,910$819,901$1,595,793
70$2,276,368$1,041,290$806,185$1,682,073
71$2,466,077$1,049,833$790,712$1,775,675
72$2,673,799$1,057,457$773,383$1,877,341
73$2,901,328$1,064,074$754,092$1,987,886
74$3,150,641$1,069,591$732,732$2,108,213
75$3,423,916$1,073,910$709,188$2,239,317
76$3,723,549$1,076,926$683,340$2,382,299
77$4,052,183$1,078,527$655,063$2,538,370
78$4,412,725$1,078,595$624,228$2,708,872
79$4,808,381$1,077,003$590,697$2,895,281
80$5,242,678$1,073,618$554,327$3,099,229
81$5,719,504$1,068,299$514,971$3,322,519
82$6,243,142$1,060,894$472,471$3,567,137
83$6,818,309$1,051,245$426,665$3,835,277
84$7,450,202$1,039,181$377,383$4,129,359
85$8,144,545$1,024,523$324,448$4,452,056
86$8,907,645$1,007,081$267,674$4,806,314
87$9,746,451$986,654$206,867$5,195,385
88$10,668,617$963,029$141,825$5,622,860
89$11,682,577$935,978$72,337$6,092,695
90$12,797,622$905,263$0$6,609,261
91$14,023,990$870,631$0$7,177,647
92$15,372,959$831,814$0$7,814,448
93$16,856,956$788,529$0$8,514,746
94$18,489,674$740,475$0$9,285,049
95$20,286,198$687,335$0$10,132,532
96$22,263,150$628,775$0$11,065,107
97$24,438,847$564,440$0$12,091,497
98$26,833,467$493,956$0$13,221,323
99$29,469,247$416,926$0$14,465,192
100$32,370,688$332,933$0$15,834,799