Can I retire at age 58 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$67,137$66,539$65,955$65,386$64,830$62,356
2 years$33,236$32,617$32,017$31,435$30,871$28,408
3 years$21,937$21,316$20,717$20,141$19,586$17,211
4 years$16,289$15,669$15,077$14,510$13,969$11,700
5 years$12,901$12,285$11,700$11,145$10,619$8,462
6 years$10,643$10,032$9,456$8,913$8,402$6,359
7 years$9,031$8,424$7,858$7,328$6,833$4,903
8 years$7,822$7,221$6,664$6,147$5,669$3,850
9 years$6,883$6,287$5,740$5,236$4,774$3,063
10 years$6,131$5,542$5,004$4,514$4,068$2,462
11 years$5,517$4,934$4,405$3,928$3,498$1,994
12 years$5,006$4,428$3,910$3,446$3,032$1,626
13 years$4,573$4,002$3,493$3,042$2,644$1,331
14 years$4,203$3,638$3,138$2,700$2,317$1,094
15 years$3,882$3,323$2,834$2,408$2,040$903
16 years$3,602$3,049$2,569$2,156$1,803$746
17 years$3,355$2,808$2,338$1,937$1,599$618
18 years$3,135$2,595$2,134$1,746$1,422$513
19 years$2,939$2,405$1,954$1,578$1,267$426
20 years$2,763$2,234$1,793$1,429$1,132$355
21 years$2,604$2,081$1,649$1,297$1,013$296
22 years$2,459$1,943$1,520$1,179$908$246
23 years$2,328$1,817$1,403$1,074$815$205
24 years$2,207$1,703$1,298$979$733$171
25 years$2,096$1,598$1,202$894$659$143
26 years$1,994$1,502$1,115$818$594$120
27 years$1,900$1,413$1,035$749$535$100
28 years$1,812$1,332$962$686$483$83
29 years$1,731$1,256$896$629$436$70
30 years$1,655$1,186$834$577$394$58
31 years$1,584$1,122$778$530$356$49
32 years$1,518$1,061$726$487$322$41
33 years$1,456$1,005$678$448$292$34
34 years$1,398$952$633$412$264$29
35 years$1,343$903$592$379$239$24
36 years$1,291$857$554$349$217$20
37 years$1,242$814$518$322$196$17
38 years$1,196$774$485$297$178$14
39 years$1,153$736$455$274$161$12
40 years$1,111$700$426$252$146$10
41 years$1,072$667$400$233$133$8
42 years$1,035$635$375$215$121$7
43 years$1,000$605$352$198$109$6
44 years$966$577$330$183$99$5
45 years$934$550$310$169$90$4
46 years$903$524$291$156$82$3
47 years$874$500$274$144$74$3
48 years$846$478$257$133$68$2
49 years$819$456$242$123$61$2
50 years$794$436$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $813,000, adding $6,151 every year, while hoping to spend $29,376 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: 83/5/12 Blend
57$813,000$813,000$813,000$813,000
58$902,271$859,182$846,580$974,750
59$963,047$870,026$843,685$1,033,975
60$1,029,037$880,417$839,708$1,094,475
61$1,100,743$890,301$834,582$1,160,037
62$1,178,715$899,622$828,237$1,231,153
63$1,263,560$908,320$820,599$1,308,364
64$1,355,944$916,329$811,590$1,392,269
65$1,456,602$923,580$801,130$1,483,524
66$1,566,341$930,002$789,134$1,582,855
67$1,686,050$935,514$775,512$1,691,060
68$1,816,708$940,035$760,172$1,809,017
69$1,959,391$943,476$743,017$1,937,695
70$2,115,286$945,742$723,945$2,078,161
71$2,285,696$946,735$702,848$2,231,591
72$2,472,061$946,348$679,617$2,399,280
73$2,675,960$944,469$654,134$2,582,654
74$2,899,138$940,978$626,277$2,783,286
75$3,143,512$935,748$595,919$3,002,909
76$3,411,195$928,644$562,928$3,243,431
77$3,704,514$919,525$527,162$3,506,956
78$4,026,031$908,238$488,479$3,795,802
79$4,378,567$894,623$446,724$4,112,522
80$4,765,231$878,510$401,740$4,459,931
81$5,189,447$859,719$353,360$4,841,131
82$5,654,985$838,059$301,412$5,259,539
83$6,165,999$813,329$245,714$5,718,921
84$6,727,063$785,315$186,078$6,223,427
85$7,343,218$753,790$122,307$6,777,632
86$8,020,016$718,515$54,193$7,386,575
87$8,763,572$679,237$0$8,055,811
88$9,580,625$635,688$0$8,793,830
89$10,478,597$587,586$0$9,612,566
90$11,465,666$534,629$0$10,512,539
91$12,550,841$476,503$0$11,501,972
92$13,744,048$412,872$0$12,589,925
93$15,056,221$343,384$0$13,786,383
94$16,499,411$267,664$0$15,102,346
95$18,086,890$185,320$0$16,549,935
96$19,833,285$95,933$0$18,142,506
97$21,754,711$0$0$19,894,775
98$23,868,923$0$0$21,823,008
99$26,195,485$0$0$23,950,739
100$28,755,951$0$0$26,292,405