Can I retire at age 58 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$68,954$68,339$67,740$67,155$66,584$65,944
2 years$34,135$33,500$32,884$32,286$31,707$31,062
3 years$22,531$21,892$21,278$20,686$20,116$19,486
4 years$16,730$16,093$15,485$14,903$14,347$13,737
5 years$13,250$12,617$12,017$11,447$10,906$10,318
6 years$10,931$10,303$9,711$9,154$8,630$8,065
7 years$9,275$8,652$8,070$7,526$7,018$6,476
8 years$8,034$7,417$6,844$6,314$5,822$5,303
9 years$7,069$6,458$5,895$5,378$4,903$4,407
10 years$6,297$5,692$5,139$4,636$4,178$3,704
11 years$5,666$5,067$4,525$4,034$3,593$3,141
12 years$5,141$4,548$4,015$3,539$3,114$2,683
13 years$4,697$4,110$3,588$3,124$2,715$2,306
14 years$4,317$3,736$3,223$2,773$2,380$1,991
15 years$3,987$3,413$2,910$2,473$2,096$1,727
16 years$3,699$3,131$2,639$2,215$1,852$1,502
17 years$3,446$2,884$2,401$1,990$1,642$1,311
18 years$3,220$2,665$2,192$1,793$1,460$1,147
19 years$3,019$2,470$2,007$1,620$1,302$1,006
20 years$2,838$2,295$1,841$1,467$1,163$884
21 years$2,674$2,138$1,694$1,332$1,040$778
22 years$2,526$1,995$1,561$1,211$933$685
23 years$2,390$1,866$1,441$1,103$837$605
24 years$2,267$1,749$1,333$1,006$752$534
25 years$2,153$1,641$1,235$919$677$472
26 years$2,048$1,542$1,145$840$610$418
27 years$1,951$1,451$1,063$769$550$370
28 years$1,861$1,368$989$704$496$328
29 years$1,778$1,290$920$646$448$291
30 years$1,700$1,218$857$593$405$258
31 years$1,627$1,152$799$544$366$229
32 years$1,559$1,090$745$500$331$203
33 years$1,495$1,032$696$460$300$180
34 years$1,436$978$650$423$271$160
35 years$1,379$928$608$390$246$142
36 years$1,326$881$569$359$223$127
37 years$1,276$836$532$331$202$112
38 years$1,229$795$498$305$183$100
39 years$1,184$756$467$281$166$89
40 years$1,142$719$438$259$150$79
41 years$1,101$685$410$239$136$70
42 years$1,063$652$385$221$124$63
43 years$1,027$621$361$204$112$56
44 years$992$592$339$188$102$50
45 years$959$565$318$174$93$44
46 years$928$539$299$160$84$39
47 years$898$514$281$148$76$35
48 years$869$491$264$137$69$31
49 years$842$469$248$127$63$28
50 years$815$448$233$117$57$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $835,000, adding $3,807 every year, while hoping to spend $39,026 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: 33/47/20 Blend
57$835,000$835,000$835,000$835,000
58$924,097$879,842$866,899$948,785
59$976,831$881,431$854,417$969,047
60$1,033,637$881,790$840,209$987,027
61$1,094,887$880,817$824,175$1,005,593
62$1,160,994$878,405$806,213$1,024,820
63$1,232,407$874,439$786,213$1,044,792
64$1,309,624$868,798$764,063$1,065,607
65$1,393,190$861,353$739,643$1,087,375
66$1,483,704$851,968$712,830$1,110,222
67$1,581,825$840,498$683,493$1,134,289
68$1,688,279$826,789$651,497$1,159,735
69$1,803,861$810,680$616,701$1,186,743
70$1,929,450$791,998$578,954$1,215,514
71$2,066,008$770,560$538,104$1,246,279
72$2,214,598$746,175$493,988$1,279,294
73$2,376,386$718,637$446,436$1,314,848
74$2,552,658$687,730$395,272$1,353,265
75$2,744,827$653,226$340,311$1,394,909
76$2,954,448$614,884$281,360$1,440,187
77$3,183,235$572,446$218,219$1,489,554
78$3,433,072$525,643$150,676$1,543,519
79$3,706,035$474,189$78,513$1,602,649
80$4,004,407$417,781$1,501$1,667,580
81$4,330,705$356,101$0$1,739,020
82$4,687,698$288,811$0$1,834,977
83$5,078,435$215,554$0$1,940,572
84$5,506,273$135,954$0$2,056,520
85$5,974,911$49,614$0$2,183,969
86$6,488,420$0$0$2,324,194
87$7,051,286$0$0$2,501,302
88$7,668,446$0$0$2,723,756
89$8,345,342$0$0$2,967,870
90$9,087,965$0$0$3,235,821
91$9,902,914$0$0$3,530,009
92$10,797,459$0$0$3,853,074
93$11,779,608$0$0$4,207,926
94$12,858,182$0$0$4,597,771
95$14,042,897$0$0$5,026,140
96$15,344,459$0$0$5,496,924
97$16,774,659$0$0$6,014,408
98$18,346,489$0$0$6,583,315
99$20,074,262$0$0$7,208,847
100$21,973,745$0$0$7,896,735