Can I retire at age 58 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$67,302$66,702$66,118$65,547$64,989$64,634
2 years$33,318$32,697$32,096$31,513$30,947$30,589
3 years$21,991$21,368$20,768$20,191$19,634$19,284
4 years$16,329$15,708$15,114$14,546$14,003$13,663
5 years$12,933$12,315$11,729$11,173$10,645$10,317
6 years$10,669$10,056$9,479$8,935$8,423$8,107
7 years$9,053$8,445$7,877$7,346$6,850$6,546
8 years$7,841$7,239$6,680$6,162$5,683$5,391
9 years$6,899$6,303$5,754$5,249$4,786$4,506
10 years$6,146$5,556$5,016$4,525$4,078$3,810
11 years$5,531$4,946$4,416$3,938$3,507$3,251
12 years$5,018$4,439$3,919$3,454$3,039$2,794
13 years$4,584$4,012$3,502$3,049$2,650$2,417
14 years$4,213$3,647$3,146$2,707$2,323$2,101
15 years$3,892$3,331$2,841$2,414$2,045$1,834
16 years$3,611$3,056$2,575$2,162$1,808$1,607
17 years$3,363$2,815$2,344$1,942$1,603$1,412
18 years$3,143$2,601$2,139$1,750$1,425$1,244
19 years$2,947$2,411$1,958$1,581$1,270$1,099
20 years$2,770$2,240$1,797$1,432$1,135$973
21 years$2,610$2,086$1,653$1,300$1,015$862
22 years$2,465$1,948$1,524$1,182$910$765
23 years$2,333$1,822$1,407$1,076$817$681
24 years$2,212$1,707$1,301$982$734$606
25 years$2,101$1,602$1,205$897$661$540
26 years$1,999$1,505$1,118$820$595$481
27 years$1,904$1,417$1,038$750$537$430
28 years$1,816$1,335$965$688$484$384
29 years$1,735$1,259$898$630$437$343
30 years$1,659$1,189$836$579$395$307
31 years$1,588$1,124$780$531$357$274
32 years$1,522$1,064$727$488$323$245
33 years$1,460$1,007$679$449$292$220
34 years$1,401$955$635$413$265$197
35 years$1,346$906$593$380$240$176
36 years$1,294$860$555$350$217$158
37 years$1,246$816$520$323$197$142
38 years$1,199$776$487$298$179$127
39 years$1,156$738$456$274$162$114
40 years$1,114$702$427$253$147$102
41 years$1,075$668$401$233$133$92
42 years$1,038$636$376$215$121$82
43 years$1,002$606$353$199$110$74
44 years$968$578$331$184$100$66
45 years$936$551$311$170$90$60
46 years$905$526$292$157$82$53
47 years$876$502$274$145$75$48
48 years$848$479$258$134$68$43
49 years$821$457$242$124$61$39
50 years$796$437$228$114$56$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $815,000, adding $2,594 every year, while hoping to spend $27,153 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: 64/30/6 Blend
57$815,000$815,000$815,000$815,000
58$900,806$857,611$844,978$957,388
59$963,797$870,743$844,394$1,008,499
60$1,032,304$883,609$842,881$1,060,845
61$1,106,860$896,166$840,378$1,117,302
62$1,188,052$908,371$836,823$1,178,265
63$1,276,527$920,175$832,150$1,244,171
64$1,372,996$931,526$826,291$1,315,502
65$1,478,242$942,372$819,172$1,392,789
66$1,593,127$952,652$810,719$1,476,616
67$1,718,599$962,306$800,851$1,567,628
68$1,855,704$971,267$789,487$1,666,536
69$2,005,590$979,463$776,540$1,774,123
70$2,169,524$986,820$761,917$1,891,252
71$2,348,898$993,257$745,524$2,018,876
72$2,545,249$998,690$727,262$2,158,043
73$2,760,265$1,003,027$707,027$2,309,912
74$2,995,808$1,006,171$684,708$2,475,756
75$3,253,928$1,008,020$660,193$2,656,983
76$3,536,881$1,008,466$633,362$2,855,143
77$3,847,153$1,007,391$604,089$3,071,945
78$4,187,482$1,004,673$572,246$3,309,273
79$4,560,885$1,000,181$537,696$3,569,205
80$4,970,682$993,777$500,296$3,854,031
81$5,420,534$985,314$459,898$4,166,277
82$5,914,469$974,636$416,345$4,508,726
83$6,456,929$961,577$369,477$4,884,449
84$7,052,804$945,962$319,123$5,296,828
85$7,707,482$927,607$265,106$5,749,596
86$8,426,900$906,313$207,241$6,246,864
87$9,217,595$881,874$145,335$6,793,168
88$10,086,772$854,069$79,186$7,393,507
89$11,042,369$822,664$8,584$8,053,393
90$12,093,128$787,413$0$8,778,900
91$13,248,685$748,054$0$9,581,003
92$14,519,654$704,311$0$10,463,675
93$15,917,729$655,893$0$11,434,522
94$17,455,796$602,490$0$12,502,536
95$19,148,050$543,775$0$13,677,626
96$21,010,135$479,404$0$14,970,715
97$23,059,286$409,012$0$16,393,845
98$25,314,493$332,213$0$17,960,288
99$27,796,680$248,600$0$19,684,673
100$30,528,904$157,744$0$21,583,126