Can I retire at age 58 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$68,458$67,848$67,253$66,673$66,106$64,247
2 years$33,890$33,259$32,647$32,054$31,479$29,621
3 years$22,369$21,735$21,125$20,537$19,971$18,172
4 years$16,610$15,978$15,374$14,796$14,244$12,516
5 years$13,155$12,527$11,930$11,365$10,828$9,177
6 years$10,852$10,229$9,642$9,089$8,568$6,996
7 years$9,208$8,590$8,012$7,472$6,968$5,475
8 years$7,976$7,363$6,795$6,268$5,781$4,365
9 years$7,018$6,411$5,853$5,339$4,868$3,529
10 years$6,252$5,651$5,102$4,602$4,148$2,883
11 years$5,626$5,031$4,492$4,005$3,567$2,375
12 years$5,104$4,515$3,987$3,513$3,091$1,970
13 years$4,663$4,081$3,562$3,102$2,696$1,642
14 years$4,286$3,709$3,200$2,753$2,363$1,374
15 years$3,959$3,388$2,889$2,456$2,081$1,155
16 years$3,673$3,109$2,620$2,199$1,839$973
17 years$3,421$2,863$2,384$1,975$1,630$821
18 years$3,197$2,646$2,176$1,780$1,450$695
19 years$2,997$2,452$1,992$1,609$1,292$589
20 years$2,818$2,278$1,828$1,457$1,154$500
21 years$2,655$2,122$1,682$1,322$1,033$425
22 years$2,508$1,981$1,550$1,202$926$361
23 years$2,373$1,853$1,431$1,095$831$308
24 years$2,250$1,736$1,323$999$747$262
25 years$2,137$1,629$1,226$912$672$223
26 years$2,033$1,531$1,137$834$605$191
27 years$1,937$1,441$1,056$763$546$163
28 years$1,848$1,358$981$699$493$139
29 years$1,765$1,281$913$641$445$119
30 years$1,687$1,210$851$589$402$101
31 years$1,615$1,144$793$541$363$86
32 years$1,548$1,082$740$497$329$74
33 years$1,485$1,025$691$457$297$63
34 years$1,425$971$646$420$269$54
35 years$1,369$921$604$387$244$46
36 years$1,317$874$565$356$221$39
37 years$1,267$830$528$328$200$34
38 years$1,220$789$495$303$182$29
39 years$1,176$750$464$279$165$25
40 years$1,133$714$435$257$149$21
41 years$1,093$680$407$237$136$18
42 years$1,055$647$382$219$123$15
43 years$1,019$617$359$202$112$13
44 years$985$588$337$187$101$11
45 years$952$561$316$173$92$10
46 years$921$535$297$159$83$8
47 years$891$510$279$147$76$7
48 years$863$487$262$136$69$6
49 years$835$465$246$126$63$5
50 years$809$444$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $829,000, adding $3,262 every year, while hoping to spend $36,562 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: 53/26/21 Blend
57$829,000$829,000$829,000$829,000
58$916,923$872,986$860,136$960,067
59$971,547$876,860$850,049$993,959
60$1,030,518$879,699$838,399$1,026,738
61$1,094,240$881,414$825,094$1,061,629
62$1,163,157$881,908$810,040$1,098,845
63$1,237,759$881,082$793,136$1,138,622
64$1,318,584$878,828$774,279$1,181,223
65$1,406,221$875,032$753,360$1,226,939
66$1,501,322$869,575$730,263$1,276,091
67$1,604,600$862,327$704,870$1,329,037
68$1,716,842$853,154$677,056$1,386,170
69$1,838,913$841,912$646,691$1,447,930
70$1,971,765$828,448$613,637$1,514,800
71$2,116,443$812,600$577,752$1,587,318
72$2,274,101$794,198$538,888$1,666,077
73$2,446,005$773,060$496,887$1,751,734
74$2,633,553$748,995$451,587$1,845,018
75$2,838,279$721,799$402,819$1,946,732
76$3,061,874$691,258$350,405$2,057,769
77$3,306,200$657,145$294,158$2,179,111
78$3,573,306$619,218$233,885$2,311,850
79$3,865,447$577,224$169,385$2,457,189
80$4,185,109$530,894$100,445$2,616,460
81$4,535,025$479,943$26,845$2,791,135
82$4,918,208$424,071$0$2,982,843
83$5,337,976$362,961$0$3,204,965
84$5,797,980$296,276$0$3,455,079
85$6,302,244$223,664$0$3,729,414
86$6,855,198$144,749$0$4,030,456
87$7,461,722$59,135$0$4,360,947
88$8,127,192$0$0$4,723,912
89$8,857,527$0$0$5,132,300
90$9,659,250$0$0$5,599,262
91$10,539,543$0$0$6,112,072
92$11,506,320$0$0$6,675,353
93$12,568,298$0$0$7,294,194
94$13,735,081$0$0$7,974,202
95$15,017,247$0$0$8,721,555
96$16,426,452$0$0$9,543,058
97$17,975,535$0$0$10,446,210
98$19,678,642$0$0$11,439,270
99$21,551,359$0$0$12,531,341
100$23,610,855$0$0$13,732,448