Can I retire at age 58 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$66,806$66,211$65,631$65,064$64,511$63,416
2 years$33,073$32,457$31,860$31,281$30,719$29,620
3 years$21,829$21,211$20,615$20,042$19,490$18,419
4 years$16,209$15,592$15,003$14,439$13,900$12,868
5 years$12,837$12,224$11,643$11,091$10,567$9,575
6 years$10,591$9,982$9,409$8,869$8,361$7,411
7 years$8,986$8,383$7,819$7,292$6,800$5,892
8 years$7,784$7,186$6,631$6,117$5,641$4,775
9 years$6,849$6,257$5,711$5,210$4,751$3,926
10 years$6,101$5,515$4,979$4,491$4,048$3,264
11 years$5,490$4,910$4,384$3,909$3,481$2,737
12 years$4,981$4,407$3,890$3,429$3,017$2,311
13 years$4,551$3,982$3,476$3,027$2,631$1,963
14 years$4,182$3,620$3,123$2,687$2,306$1,675
15 years$3,863$3,307$2,820$2,396$2,030$1,435
16 years$3,584$3,034$2,556$2,146$1,794$1,233
17 years$3,338$2,794$2,326$1,928$1,591$1,062
18 years$3,120$2,582$2,124$1,737$1,415$918
19 years$2,925$2,393$1,944$1,570$1,261$794
20 years$2,750$2,223$1,784$1,422$1,126$689
21 years$2,591$2,071$1,641$1,290$1,008$598
22 years$2,447$1,933$1,512$1,173$903$520
23 years$2,316$1,808$1,397$1,068$811$452
24 years$2,196$1,694$1,292$975$729$394
25 years$2,086$1,590$1,196$890$656$343
26 years$1,984$1,494$1,109$814$591$299
27 years$1,890$1,406$1,030$745$533$261
28 years$1,803$1,325$958$682$481$228
29 years$1,722$1,250$891$626$434$199
30 years$1,647$1,181$830$574$392$174
31 years$1,576$1,116$774$527$355$152
32 years$1,511$1,056$722$485$321$133
33 years$1,449$1,000$674$446$290$117
34 years$1,391$948$630$410$263$102
35 years$1,336$899$589$378$238$89
36 years$1,285$853$551$348$216$78
37 years$1,236$810$516$320$195$68
38 years$1,191$770$483$295$177$60
39 years$1,147$732$452$272$161$52
40 years$1,106$697$424$251$146$46
41 years$1,067$663$398$232$132$40
42 years$1,030$632$373$214$120$35
43 years$995$602$350$197$109$31
44 years$961$574$329$182$99$27
45 years$929$547$308$168$90$24
46 years$899$522$290$155$81$21
47 years$870$498$272$144$74$18
48 years$842$475$256$133$67$16
49 years$815$454$240$123$61$14
50 years$790$434$226$113$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $809,000, adding $6,407 every year, while hoping to spend $50,852 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: 54/26/20 Blend
57$809,000$809,000$809,000$809,000
58$898,127$855,250$842,710$941,414
59$935,630$843,051$816,835$959,580
60$975,253$828,550$788,388$973,451
61$1,017,161$811,580$757,231$987,452
62$1,061,529$791,966$723,216$1,001,610
63$1,108,553$769,520$686,192$1,015,957
64$1,158,443$744,044$645,997$1,030,533
65$1,211,432$715,330$602,466$1,045,385
66$1,267,773$683,157$555,423$1,060,566
67$1,327,744$647,289$504,688$1,076,141
68$1,391,646$607,479$450,068$1,092,184
69$1,459,814$563,465$391,365$1,108,779
70$1,532,611$514,971$328,371$1,126,025
71$1,610,436$461,703$260,871$1,144,035
72$1,693,727$403,352$188,636$1,162,938
73$1,782,962$339,592$111,430$1,182,882
74$1,878,668$270,076$29,007$1,204,034
75$1,981,422$194,440$0$1,226,586
76$2,091,858$112,298$0$1,263,334
77$2,210,671$23,244$0$1,309,367
78$2,338,624$0$0$1,358,825
79$2,476,556$0$0$1,433,011
80$2,625,388$0$0$1,520,295
81$2,786,132$0$0$1,614,626
82$2,959,900$0$0$1,716,667
83$3,147,914$0$0$1,827,142
84$3,351,517$0$0$1,946,849
85$3,572,188$0$0$2,076,667
86$3,811,549$0$0$2,217,561
87$4,071,388$0$0$2,370,591
88$4,353,669$0$0$2,536,926
89$4,660,552$0$0$2,717,850
90$4,994,417$0$0$2,914,777
91$5,357,878$0$0$3,129,260
92$5,753,814$0$0$3,363,012
93$6,185,393$0$0$3,617,915
94$6,656,100$0$0$3,896,043
95$7,169,773$0$0$4,199,676
96$7,730,636$0$0$4,531,326
97$8,343,337$0$0$4,893,759
98$9,012,995$0$0$5,290,016
99$9,745,246$0$0$5,723,451
100$10,546,293$0$0$6,197,752