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%15.7%
1 years$66,063$65,475$64,901$64,340$63,793$62,302
2 years$32,705$32,095$31,505$30,933$30,378$28,883
3 years$21,586$20,975$20,386$19,819$19,273$17,823
4 years$16,029$15,419$14,836$14,278$13,746$12,350
5 years$12,695$12,088$11,513$10,967$10,449$9,113
6 years$10,473$9,871$9,304$8,771$8,268$6,992
7 years$8,886$8,290$7,732$7,211$6,724$5,509
8 years$7,697$7,106$6,557$6,049$5,578$4,424
9 years$6,773$6,187$5,648$5,152$4,698$3,602
10 years$6,033$5,453$4,924$4,441$4,003$2,965
11 years$5,429$4,855$4,335$3,865$3,442$2,462
12 years$4,926$4,357$3,847$3,390$2,983$2,057
13 years$4,500$3,938$3,437$2,993$2,601$1,729
14 years$4,136$3,579$3,088$2,657$2,280$1,459
15 years$3,820$3,270$2,788$2,370$2,008$1,236
16 years$3,544$3,000$2,528$2,122$1,775$1,050
17 years$3,301$2,763$2,300$1,906$1,573$895
18 years$3,085$2,553$2,100$1,718$1,399$764
19 years$2,892$2,366$1,922$1,552$1,247$653
20 years$2,719$2,199$1,764$1,406$1,114$560
21 years$2,562$2,048$1,623$1,276$997$480
22 years$2,420$1,912$1,496$1,160$893$412
23 years$2,290$1,788$1,381$1,057$802$354
24 years$2,172$1,675$1,277$964$721$305
25 years$2,063$1,572$1,183$880$649$262
26 years$1,962$1,478$1,097$805$584$226
27 years$1,869$1,391$1,019$737$527$195
28 years$1,783$1,310$947$675$475$168
29 years$1,703$1,236$881$619$429$145
30 years$1,628$1,167$821$568$388$125
31 years$1,559$1,104$765$522$351$108
32 years$1,494$1,044$714$479$317$93
33 years$1,433$989$667$441$287$80
34 years$1,375$937$623$406$260$69
35 years$1,321$889$582$373$235$60
36 years$1,271$844$545$344$213$52
37 years$1,223$801$510$317$193$45
38 years$1,177$762$478$292$175$38
39 years$1,134$724$447$269$159$33
40 years$1,094$689$419$248$144$29
41 years$1,055$656$393$229$131$25
42 years$1,019$625$369$211$119$21
43 years$984$595$346$195$108$19
44 years$951$567$325$180$98$16
45 years$919$541$305$166$89$14
46 years$889$516$287$154$81$12
47 years$860$492$269$142$73$10
48 years$833$470$253$131$66$9
49 years$806$449$238$121$60$8
50 years$781$429$224$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $800,000, adding $5,571 every year, while hoping to spend $56,846 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: 56/21/23 Blend
57$800,000$800,000$800,000$800,000
58$887,346$844,946$832,546$931,201
59$917,372$825,865$799,953$942,755
60$948,555$803,944$764,363$948,852
61$980,954$778,983$725,615$954,284
62$1,014,629$750,771$683,541$959,003
63$1,049,649$719,087$637,968$962,959
64$1,086,084$683,693$588,710$966,100
65$1,124,011$644,340$535,578$968,373
66$1,163,511$600,763$478,371$969,724
67$1,204,673$552,685$416,880$970,096
68$1,247,592$499,808$350,888$969,430
69$1,292,369$441,822$280,166$967,668
70$1,339,117$378,397$204,477$964,748
71$1,387,952$309,184$123,572$960,609
72$1,439,004$233,815$37,193$955,186
73$1,492,413$151,902$0$948,416
74$1,548,328$63,034$0$953,731
75$1,606,912$0$0$968,187
76$1,668,343$0$0$990,332
77$1,732,811$0$0$1,028,881
78$1,800,526$0$0$1,069,395
79$1,871,713$0$0$1,112,011
80$1,946,619$0$0$1,156,880
81$2,025,511$0$0$1,204,166
82$2,108,680$0$0$1,254,049
83$2,196,444$0$0$1,306,721
84$2,289,150$0$0$1,362,396
85$2,387,175$0$0$1,421,305
86$2,490,931$0$0$1,483,701
87$2,600,868$0$0$1,549,860
88$2,717,479$0$0$1,620,085
89$2,841,301$0$0$1,694,705
90$2,972,921$0$0$1,774,081
91$3,112,984$0$0$1,858,608
92$3,262,194$0$0$1,948,720
93$3,421,320$0$0$2,044,891
94$3,591,209$0$0$2,147,639
95$3,772,785$0$0$2,257,533
96$3,967,063$0$0$2,375,198
97$4,175,155$0$0$2,501,318
98$4,398,282$0$0$2,636,643
99$4,637,781$0$0$2,781,997
100$4,895,121$0$0$2,938,285