Can I retire at age 58 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$66,063$65,475$64,901$64,340$63,793$61,900
2 years$32,705$32,095$31,505$30,933$30,378$28,486
3 years$21,586$20,975$20,386$19,819$19,273$17,442
4 years$16,029$15,419$14,836$14,278$13,746$11,989
5 years$12,695$12,088$11,513$10,967$10,449$8,773
6 years$10,473$9,871$9,304$8,771$8,268$6,673
7 years$8,886$8,290$7,732$7,211$6,724$5,210
8 years$7,697$7,106$6,557$6,049$5,578$4,144
9 years$6,773$6,187$5,648$5,152$4,698$3,342
10 years$6,033$5,453$4,924$4,441$4,003$2,724
11 years$5,429$4,855$4,335$3,865$3,442$2,238
12 years$4,926$4,357$3,847$3,390$2,983$1,851
13 years$4,500$3,938$3,437$2,993$2,601$1,539
14 years$4,136$3,579$3,088$2,657$2,280$1,285
15 years$3,820$3,270$2,788$2,370$2,008$1,076
16 years$3,544$3,000$2,528$2,122$1,775$904
17 years$3,301$2,763$2,300$1,906$1,573$761
18 years$3,085$2,553$2,100$1,718$1,399$642
19 years$2,892$2,366$1,922$1,552$1,247$543
20 years$2,719$2,199$1,764$1,406$1,114$459
21 years$2,562$2,048$1,623$1,276$997$389
22 years$2,420$1,912$1,496$1,160$893$330
23 years$2,290$1,788$1,381$1,057$802$280
24 years$2,172$1,675$1,277$964$721$238
25 years$2,063$1,572$1,183$880$649$202
26 years$1,962$1,478$1,097$805$584$172
27 years$1,869$1,391$1,019$737$527$146
28 years$1,783$1,310$947$675$475$124
29 years$1,703$1,236$881$619$429$106
30 years$1,628$1,167$821$568$388$90
31 years$1,559$1,104$765$522$351$77
32 years$1,494$1,044$714$479$317$65
33 years$1,433$989$667$441$287$56
34 years$1,375$937$623$406$260$47
35 years$1,321$889$582$373$235$40
36 years$1,271$844$545$344$213$34
37 years$1,223$801$510$317$193$29
38 years$1,177$762$478$292$175$25
39 years$1,134$724$447$269$159$21
40 years$1,094$689$419$248$144$18
41 years$1,055$656$393$229$131$15
42 years$1,019$625$369$211$119$13
43 years$984$595$346$195$108$11
44 years$951$567$325$180$98$10
45 years$919$541$305$166$89$8
46 years$889$516$287$154$81$7
47 years$860$492$269$142$73$6
48 years$833$470$253$131$66$5
49 years$806$449$238$121$60$4
50 years$781$429$224$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $800,000, adding $4,492 every year, while hoping to spend $43,685 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: 65/7/28 Blend
57$800,000$800,000$800,000$800,000
58$886,233$843,833$831,433$937,005
59$930,149$838,701$812,806$966,738
60$977,079$831,853$792,090$993,973
61$1,027,287$823,158$769,171$1,022,785
62$1,081,057$812,480$743,925$1,053,334
63$1,138,705$799,672$716,227$1,085,799
64$1,200,576$784,579$685,943$1,120,376
65$1,267,048$767,037$652,936$1,157,286
66$1,338,536$746,871$617,058$1,196,769
67$1,415,497$723,898$578,160$1,239,097
68$1,498,432$697,923$536,083$1,284,568
69$1,587,891$668,740$490,660$1,333,513
70$1,684,477$636,130$441,719$1,386,299
71$1,788,857$599,863$389,079$1,443,333
72$1,901,758$559,694$332,551$1,505,064
73$2,023,985$515,366$271,939$1,571,993
74$2,156,418$466,606$207,035$1,644,672
75$2,300,028$413,125$137,626$1,723,712
76$2,455,881$354,619$63,487$1,809,789
77$2,625,151$290,765$0$1,903,654
78$2,809,127$221,223$0$2,010,804
79$3,009,230$145,635$0$2,148,032
80$3,227,021$63,621$0$2,297,441
81$3,464,218$0$0$2,460,231
82$3,722,713$0$0$2,639,669
83$4,004,586$0$0$2,840,727
84$4,312,128$0$0$3,060,145
85$4,647,860$0$0$3,299,728
86$5,014,558$0$0$3,561,463
87$5,415,276$0$0$3,847,538
88$5,853,378$0$0$4,160,360
89$6,332,568$0$0$4,502,583
90$6,856,922$0$0$4,877,125
91$7,430,932$0$0$5,287,201
92$8,059,540$0$0$5,736,353
93$8,748,192$0$0$6,228,478
94$9,502,884$0$0$6,767,872
95$10,330,219$0$0$7,359,262
96$11,237,470$0$0$8,007,857
97$12,232,649$0$0$8,719,395
98$13,324,578$0$0$9,500,194
99$14,522,976$0$0$10,357,214
100$15,838,548$0$0$11,298,122