Can I retire at age 58 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$68,293$67,685$67,091$66,512$65,946$63,305
2 years$33,808$33,179$32,568$31,977$31,403$28,775
3 years$22,315$21,683$21,074$20,488$19,923$17,391
4 years$16,569$15,939$15,336$14,760$14,209$11,793
5 years$13,123$12,496$11,902$11,337$10,802$8,507
6 years$10,826$10,204$9,618$9,067$8,547$6,375
7 years$9,186$8,570$7,993$7,454$6,951$4,901
8 years$7,957$7,346$6,779$6,253$5,767$3,837
9 years$7,001$6,396$5,838$5,326$4,856$3,044
10 years$6,237$5,638$5,090$4,591$4,138$2,439
11 years$5,612$5,019$4,481$3,996$3,559$1,969
12 years$5,092$4,505$3,977$3,505$3,084$1,599
13 years$4,652$4,071$3,553$3,094$2,689$1,305
14 years$4,275$3,700$3,193$2,747$2,357$1,069
15 years$3,949$3,380$2,882$2,450$2,076$879
16 years$3,664$3,101$2,613$2,193$1,834$724
17 years$3,413$2,856$2,378$1,971$1,627$598
18 years$3,189$2,639$2,171$1,776$1,446$494
19 years$2,990$2,446$1,987$1,605$1,289$409
20 years$2,811$2,273$1,824$1,453$1,151$339
21 years$2,649$2,117$1,678$1,319$1,030$281
22 years$2,502$1,976$1,546$1,199$924$234
23 years$2,368$1,848$1,428$1,092$829$194
24 years$2,245$1,732$1,320$996$745$161
25 years$2,132$1,625$1,223$910$671$134
26 years$2,028$1,527$1,134$832$604$112
27 years$1,932$1,438$1,053$761$545$93
28 years$1,843$1,355$979$698$491$77
29 years$1,760$1,278$911$640$444$64
30 years$1,683$1,207$849$587$401$54
31 years$1,611$1,141$791$539$362$45
32 years$1,544$1,079$738$496$328$37
33 years$1,481$1,022$689$456$297$31
34 years$1,422$969$644$419$269$26
35 years$1,366$919$602$386$243$21
36 years$1,313$872$563$355$220$18
37 years$1,264$828$527$328$200$15
38 years$1,217$787$494$302$181$12
39 years$1,173$749$463$278$164$10
40 years$1,131$712$434$257$149$9
41 years$1,091$678$406$237$135$7
42 years$1,053$646$381$219$123$6
43 years$1,017$615$358$202$111$5
44 years$983$586$336$186$101$4
45 years$950$559$315$172$92$3
46 years$919$533$296$159$83$3
47 years$889$509$278$147$76$2
48 years$861$486$261$136$69$2
49 years$833$464$246$125$62$2
50 years$807$443$231$116$57$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $827,000, adding $3,317 every year, while hoping to spend $22,618 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: 31/43/26 Blend
57$827,000$827,000$827,000$827,000
58$914,775$870,944$858,126$935,739
59$984,017$889,555$862,808$970,734
60$1,059,564$908,320$866,888$1,006,150
61$1,142,034$927,222$870,324$1,043,821
62$1,232,109$946,244$873,068$1,083,959
63$1,330,540$965,366$875,072$1,126,800
64$1,438,153$984,567$876,284$1,172,603
65$1,555,858$1,003,824$876,653$1,221,652
66$1,684,655$1,023,111$876,120$1,274,264
67$1,825,647$1,042,401$874,628$1,330,788
68$1,980,049$1,061,665$872,114$1,391,609
69$2,149,199$1,080,870$868,514$1,457,151
70$2,334,567$1,099,983$863,759$1,527,883
71$2,537,777$1,118,967$857,779$1,604,325
72$2,760,615$1,137,780$850,499$1,687,049
73$3,005,047$1,156,381$841,841$1,776,685
74$3,273,241$1,174,723$831,722$1,873,932
75$3,567,584$1,192,757$820,057$1,979,560
76$3,890,705$1,210,430$806,756$2,094,418
77$4,245,500$1,227,684$791,725$2,219,446
78$4,635,159$1,244,458$774,866$2,355,679
79$5,063,197$1,260,688$756,076$2,504,261
80$5,533,485$1,276,304$735,247$2,666,454
81$6,050,289$1,291,231$712,266$2,843,651
82$6,618,306$1,305,390$687,015$3,037,391
83$7,242,715$1,318,695$659,371$3,249,370
84$7,929,217$1,331,057$629,205$3,481,461
85$8,684,097$1,342,378$596,383$3,735,731
86$9,514,277$1,352,556$560,764$4,014,461
87$10,427,383$1,361,482$522,200$4,320,168
88$11,431,820$1,369,038$480,537$4,655,628
89$12,536,846$1,375,101$435,616$5,023,905
90$13,752,663$1,379,539$387,267$5,428,381
91$15,090,510$1,382,213$335,316$5,872,784
92$16,562,772$1,382,971$279,579$6,361,229
93$18,183,096$1,381,658$219,866$6,898,255
94$19,966,517$1,378,104$155,977$7,488,870
95$21,929,602$1,372,132$87,702$8,138,597
96$24,090,606$1,363,551$14,826$8,853,529
97$26,469,645$1,352,162$0$9,640,385
98$29,088,882$1,337,752$0$10,524,041
99$31,972,741$1,320,094$0$11,500,733
100$35,148,132$1,298,950$0$12,575,429