Can I retire at age 58 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$67,467$66,866$66,280$65,708$65,149$63,139
2 years$33,400$32,778$32,175$31,590$31,023$29,016
3 years$22,045$21,420$20,819$20,240$19,682$17,741
4 years$16,369$15,746$15,151$14,582$14,038$12,176
5 years$12,964$12,345$11,758$11,200$10,671$8,895
6 years$10,695$10,081$9,502$8,957$8,444$6,755
7 years$9,075$8,466$7,896$7,364$6,867$5,265
8 years$7,861$7,257$6,697$6,177$5,697$4,181
9 years$6,916$6,318$5,768$5,262$4,798$3,365
10 years$6,162$5,569$5,029$4,536$4,088$2,738
11 years$5,544$4,958$4,427$3,947$3,516$2,245
12 years$5,030$4,450$3,929$3,462$3,047$1,853
13 years$4,596$4,022$3,510$3,057$2,657$1,537
14 years$4,224$3,656$3,154$2,714$2,329$1,281
15 years$3,901$3,339$2,848$2,420$2,050$1,071
16 years$3,620$3,064$2,582$2,167$1,812$897
17 years$3,371$2,822$2,349$1,947$1,607$754
18 years$3,151$2,607$2,145$1,755$1,429$635
19 years$2,954$2,416$1,963$1,585$1,273$535
20 years$2,777$2,245$1,802$1,436$1,137$452
21 years$2,617$2,092$1,657$1,303$1,018$382
22 years$2,471$1,952$1,527$1,185$912$323
23 years$2,339$1,826$1,410$1,079$819$274
24 years$2,218$1,711$1,304$984$736$232
25 years$2,106$1,606$1,208$899$662$196
26 years$2,004$1,509$1,120$822$597$167
27 years$1,909$1,420$1,040$752$538$141
28 years$1,821$1,338$967$689$485$120
29 years$1,739$1,262$900$632$438$102
30 years$1,663$1,192$838$580$396$86
31 years$1,592$1,127$782$533$358$73
32 years$1,525$1,066$729$490$324$62
33 years$1,463$1,010$681$450$293$53
34 years$1,405$957$636$414$265$45
35 years$1,349$908$595$381$240$38
36 years$1,298$862$556$351$218$33
37 years$1,249$818$521$324$197$28
38 years$1,202$778$488$298$179$24
39 years$1,158$740$457$275$162$20
40 years$1,117$704$428$254$147$17
41 years$1,078$670$402$234$134$14
42 years$1,040$638$377$216$121$12
43 years$1,005$608$353$199$110$10
44 years$971$579$332$184$100$9
45 years$938$552$312$170$91$8
46 years$908$527$293$157$82$6
47 years$878$503$275$145$75$5
48 years$850$480$258$134$68$5
49 years$823$459$243$124$62$4
50 years$798$438$228$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $817,000, adding $4,219 every year, while hoping to spend $31,537 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: 38/49/13 Blend
57$817,000$817,000$817,000$817,000
58$904,686$861,385$848,721$935,345
59$963,409$870,038$843,598$966,239
60$1,027,064$878,057$837,247$996,235
61$1,096,122$885,380$829,592$1,027,963
62$1,171,100$891,936$820,557$1,061,592
63$1,252,565$897,654$810,058$1,097,313
64$1,341,143$902,456$798,011$1,135,335
65$1,437,522$906,258$784,327$1,175,894
66$1,542,458$908,973$768,911$1,219,247
67$1,656,784$910,509$751,665$1,265,682
68$1,781,417$910,765$732,487$1,315,519
69$1,917,365$909,636$711,269$1,369,112
70$2,065,739$907,010$687,898$1,426,852
71$2,227,760$902,770$662,259$1,489,175
72$2,404,773$896,787$634,226$1,556,563
73$2,598,261$888,930$603,673$1,629,550
74$2,809,852$879,056$570,465$1,708,729
75$3,041,342$867,015$534,461$1,794,754
76$3,294,708$852,648$495,514$1,888,353
77$3,572,127$835,787$453,473$1,990,329
78$3,875,995$816,251$408,175$2,101,574
79$4,208,953$793,854$359,455$2,223,072
80$4,573,906$768,393$307,137$2,355,916
81$4,974,058$739,657$251,040$2,501,312
82$5,412,934$707,423$190,971$2,660,597
83$5,894,418$671,451$126,734$2,835,248
84$6,422,788$631,492$58,119$3,026,900
85$7,002,758$587,280$0$3,237,360
86$7,639,516$538,534$0$3,470,724
87$8,338,782$484,958$0$3,735,846
88$9,106,855$426,238$0$4,027,132
89$9,950,672$362,042$0$4,347,317
90$10,877,879$292,020$0$4,699,422
91$11,896,897$215,803$0$5,086,783
92$13,017,002$132,999$0$5,513,085
93$14,248,418$43,197$0$5,982,396
94$15,602,403$0$0$6,499,206
95$17,091,365$0$0$7,097,613
96$18,728,973$0$0$7,781,501
97$20,530,288$0$0$8,533,884
98$22,511,901$0$0$9,361,708
99$24,692,096$0$0$10,272,628
100$27,091,017$0$0$11,275,075