Can I retire at age 58 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$68,871$68,257$67,659$67,075$66,504$66,058
2 years$34,095$33,460$32,844$32,247$31,669$31,218
3 years$22,504$21,866$21,252$20,661$20,092$19,651
4 years$16,710$16,074$15,466$14,885$14,330$13,903
5 years$13,234$12,602$12,002$11,433$10,893$10,481
6 years$10,918$10,291$9,700$9,143$8,619$8,223
7 years$9,264$8,642$8,061$7,517$7,010$6,629
8 years$8,024$7,408$6,836$6,306$5,815$5,450
9 years$7,060$6,450$5,888$5,371$4,897$4,547
10 years$6,290$5,685$5,133$4,630$4,173$3,838
11 years$5,660$5,061$4,519$4,030$3,589$3,269
12 years$5,135$4,543$4,011$3,535$3,110$2,805
13 years$4,691$4,105$3,583$3,120$2,712$2,421
14 years$4,311$3,732$3,220$2,770$2,377$2,100
15 years$3,982$3,409$2,907$2,470$2,093$1,830
16 years$3,695$3,128$2,635$2,212$1,850$1,600
17 years$3,441$2,880$2,398$1,987$1,640$1,403
18 years$3,216$2,662$2,189$1,791$1,458$1,234
19 years$3,015$2,467$2,004$1,618$1,300$1,087
20 years$2,835$2,292$1,839$1,466$1,161$960
21 years$2,671$2,135$1,692$1,330$1,039$849
22 years$2,523$1,993$1,559$1,209$931$752
23 years$2,388$1,864$1,440$1,102$836$667
24 years$2,264$1,746$1,331$1,005$751$593
25 years$2,150$1,639$1,233$918$676$527
26 years$2,045$1,540$1,144$839$609$469
27 years$1,949$1,450$1,062$768$549$417
28 years$1,859$1,366$987$704$496$372
29 years$1,775$1,289$919$645$447$332
30 years$1,698$1,217$856$592$404$296
31 years$1,625$1,151$798$544$366$264
32 years$1,557$1,089$744$500$331$236
33 years$1,494$1,031$695$460$299$210
34 years$1,434$977$649$423$271$188
35 years$1,378$927$607$389$245$168
36 years$1,325$880$568$358$222$150
37 years$1,275$835$532$330$202$134
38 years$1,227$794$498$304$183$120
39 years$1,183$755$466$281$166$108
40 years$1,140$718$437$259$150$96
41 years$1,100$684$410$239$136$86
42 years$1,062$651$385$220$124$77
43 years$1,025$620$361$204$112$69
44 years$991$591$339$188$102$62
45 years$958$564$318$174$93$55
46 years$927$538$299$160$84$50
47 years$897$513$281$148$76$44
48 years$868$490$264$137$69$40
49 years$840$468$248$126$63$36
50 years$814$447$233$117$57$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $834,000, adding $3,359 every year, while hoping to spend $30,764 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: 75/10/15 Blend
57$834,000$834,000$834,000$834,000
58$922,533$878,331$865,404$988,470
59$983,898$888,636$861,662$1,042,818
60$1,050,492$898,416$856,764$1,098,214
61$1,122,815$907,611$850,638$1,158,095
62$1,201,418$916,159$843,210$1,222,901
63$1,286,907$923,995$834,402$1,293,111
64$1,379,948$931,048$824,131$1,369,258
65$1,481,276$937,242$812,312$1,451,927
66$1,591,696$942,498$798,856$1,541,763
67$1,712,099$946,730$783,667$1,639,475
68$1,843,462$949,848$766,648$1,745,849
69$1,986,860$951,755$747,696$1,861,748
70$2,143,479$952,351$726,703$1,988,123
71$2,314,622$951,525$703,557$2,126,024
72$2,501,727$949,162$678,139$2,276,607
73$2,706,373$945,141$650,326$2,441,146
74$2,930,301$939,331$619,990$2,621,048
75$3,175,428$931,595$586,996$2,817,861
76$3,443,865$921,786$551,203$3,033,293
77$3,737,935$909,749$512,464$3,269,224
78$4,060,198$895,321$470,626$3,527,731
79$4,413,473$878,327$425,527$3,811,100
80$4,800,866$858,583$377,000$4,121,851
81$5,225,794$835,894$324,870$4,462,764
82$5,692,026$810,053$268,954$4,836,901
83$6,203,708$780,842$209,060$5,247,640
84$6,765,413$748,029$144,989$5,698,701
85$7,382,172$711,369$76,533$6,194,188
86$8,059,531$670,604$3,475$6,738,623
87$8,803,598$625,459$0$7,336,990
88$9,621,104$575,645$0$8,006,708
89$10,519,460$520,855$0$8,743,278
90$11,506,834$460,766$0$9,552,860
91$12,592,224$395,036$0$10,442,855
92$13,785,542$323,304$0$11,421,416
93$15,097,709$245,188$0$12,497,531
94$16,540,757$160,284$0$13,681,101
95$18,127,944$68,167$0$14,983,038
96$19,873,874$0$0$16,415,366
97$21,794,641$0$0$17,994,816
98$23,907,975$0$0$19,740,905
99$26,233,414$0$0$21,662,280
100$28,792,482$0$0$23,776,732