Can I retire at age 58 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$69,201$68,585$67,983$67,396$66,823$64,840
2 years$34,258$33,620$33,002$32,402$31,821$29,839
3 years$22,612$21,971$21,354$20,760$20,188$18,270
4 years$16,790$16,151$15,540$14,957$14,398$12,559
5 years$13,298$12,663$12,060$11,488$10,945$9,189
6 years$10,970$10,340$9,746$9,187$8,661$6,990
7 years$9,308$8,684$8,099$7,553$7,044$5,457
8 years$8,063$7,443$6,869$6,336$5,843$4,341
9 years$7,094$6,481$5,916$5,397$4,921$3,501
10 years$6,320$5,712$5,158$4,652$4,193$2,853
11 years$5,687$5,086$4,541$4,049$3,606$2,344
12 years$5,160$4,564$4,030$3,551$3,125$1,939
13 years$4,714$4,125$3,600$3,135$2,725$1,612
14 years$4,332$3,749$3,235$2,783$2,389$1,346
15 years$4,002$3,425$2,921$2,482$2,103$1,127
16 years$3,713$3,143$2,648$2,223$1,859$947
17 years$3,458$2,894$2,410$1,997$1,648$797
18 years$3,232$2,674$2,200$1,800$1,465$673
19 years$3,030$2,479$2,014$1,626$1,306$568
20 years$2,848$2,303$1,848$1,473$1,167$481
21 years$2,684$2,145$1,700$1,337$1,044$408
22 years$2,535$2,003$1,567$1,215$936$346
23 years$2,399$1,873$1,447$1,107$840$293
24 years$2,275$1,755$1,338$1,009$755$249
25 years$2,160$1,647$1,239$922$679$212
26 years$2,055$1,548$1,149$843$612$180
27 years$1,958$1,457$1,067$772$552$153
28 years$1,868$1,373$992$707$498$130
29 years$1,784$1,295$923$648$450$111
30 years$1,706$1,223$860$595$406$94
31 years$1,633$1,156$802$546$367$80
32 years$1,565$1,094$748$502$332$68
33 years$1,501$1,036$698$462$301$58
34 years$1,441$982$653$425$272$50
35 years$1,384$931$610$391$247$42
36 years$1,331$884$571$360$223$36
37 years$1,281$839$534$332$202$31
38 years$1,233$798$500$306$184$26
39 years$1,188$759$469$282$166$22
40 years$1,146$722$439$260$151$19
41 years$1,105$687$412$240$137$16
42 years$1,067$654$386$222$124$14
43 years$1,030$623$363$204$113$12
44 years$996$594$340$189$102$10
45 years$963$567$320$174$93$9
46 years$931$541$300$161$84$7
47 years$901$516$282$149$77$6
48 years$872$492$265$138$70$5
49 years$845$470$249$127$63$5
50 years$818$449$234$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $838,000, adding $4,844 every year, while hoping to spend $29,126 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: 56/33/11 Blend
57$838,000$838,000$838,000$838,000
58$928,473$884,059$871,070$977,656
59$992,187$896,388$869,261$1,023,808
60$1,061,424$908,345$866,415$1,070,427
61$1,136,716$919,881$862,467$1,120,513
62$1,218,650$930,943$857,348$1,174,403
63$1,307,869$941,476$850,986$1,232,468
64$1,405,084$951,421$843,306$1,295,115
65$1,511,074$960,712$834,229$1,362,796
66$1,626,700$969,283$823,672$1,436,009
67$1,752,907$977,061$811,548$1,515,301
68$1,890,735$983,970$797,767$1,601,279
69$2,041,332$989,926$782,234$1,694,611
70$2,205,959$994,843$764,849$1,796,033
71$2,386,004$998,628$745,509$1,906,360
72$2,582,997$1,001,182$724,105$2,026,488
73$2,798,623$1,002,400$700,523$2,157,409
74$3,034,736$1,002,171$674,644$2,300,213
75$3,293,378$1,000,376$646,343$2,456,108
76$3,576,799$996,890$615,491$2,626,421
77$3,887,474$991,579$581,952$2,812,621
78$4,228,132$984,302$545,583$3,016,325
79$4,601,777$974,909$506,236$3,239,320
80$5,011,719$963,240$463,755$3,483,574
81$5,461,603$949,128$417,980$3,751,261
82$5,955,443$932,392$368,739$4,044,778
83$6,497,664$912,844$315,857$4,366,767
84$7,093,135$890,284$259,148$4,720,146
85$7,747,226$864,498$198,420$5,108,131
86$8,465,847$835,262$133,471$5,534,271
87$9,255,512$802,339$64,091$6,002,478
88$10,123,396$765,476$0$6,517,069
89$11,077,406$724,407$0$7,083,972
90$12,126,249$678,851$0$7,715,373
91$13,279,521$628,509$0$8,409,560
92$14,547,793$573,067$0$9,172,947
93$15,942,712$512,192$0$10,012,606
94$17,477,111$445,531$0$10,936,336
95$19,165,128$372,714$0$11,952,732
96$21,022,342$293,348$0$13,071,272
97$23,065,916$207,017$0$14,302,404
98$25,314,762$113,284$0$15,657,648
99$27,789,719$11,686$0$17,149,703
100$30,513,746$0$0$18,792,569