Can I retire at age 58 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$69,862$69,240$68,632$68,040$67,461$65,223
2 years$34,585$33,941$33,317$32,711$32,124$29,892
3 years$22,828$22,181$21,558$20,959$20,381$18,223
4 years$16,950$16,305$15,689$15,099$14,536$12,470
5 years$13,425$12,784$12,175$11,598$11,050$9,081
6 years$11,075$10,439$9,839$9,275$8,743$6,873
7 years$9,397$8,766$8,177$7,625$7,111$5,339
8 years$8,140$7,514$6,934$6,397$5,899$4,224
9 years$7,162$6,543$5,973$5,449$4,968$3,388
10 years$6,380$5,767$5,207$4,697$4,233$2,746
11 years$5,741$5,134$4,584$4,088$3,640$2,243
12 years$5,209$4,608$4,068$3,585$3,155$1,844
13 years$4,759$4,164$3,635$3,165$2,751$1,524
14 years$4,373$3,785$3,266$2,810$2,411$1,264
15 years$4,040$3,458$2,949$2,506$2,123$1,052
16 years$3,748$3,173$2,673$2,244$1,877$878
17 years$3,491$2,922$2,433$2,016$1,664$735
18 years$3,263$2,700$2,221$1,817$1,479$616
19 years$3,059$2,502$2,033$1,642$1,319$517
20 years$2,875$2,325$1,866$1,487$1,178$434
21 years$2,710$2,166$1,716$1,349$1,054$365
22 years$2,559$2,022$1,582$1,227$945$308
23 years$2,422$1,891$1,460$1,117$848$259
24 years$2,296$1,772$1,351$1,019$762$219
25 years$2,181$1,663$1,251$931$686$184
26 years$2,075$1,563$1,160$851$618$156
27 years$1,977$1,471$1,077$779$557$131
28 years$1,886$1,386$1,002$714$503$111
29 years$1,801$1,307$932$654$454$94
30 years$1,722$1,235$868$601$410$79
31 years$1,648$1,167$809$552$371$67
32 years$1,580$1,104$755$507$335$57
33 years$1,515$1,046$705$466$304$48
34 years$1,454$991$659$429$275$40
35 years$1,397$940$616$395$249$34
36 years$1,344$892$576$364$226$29
37 years$1,293$847$539$335$204$24
38 years$1,245$805$505$309$185$21
39 years$1,200$766$473$285$168$17
40 years$1,157$729$443$263$152$15
41 years$1,116$694$416$242$138$13
42 years$1,077$661$390$224$125$11
43 years$1,040$629$366$206$114$9
44 years$1,005$600$344$191$103$8
45 years$972$572$323$176$94$6
46 years$940$546$303$163$85$5
47 years$909$521$285$150$77$5
48 years$880$497$268$139$70$4
49 years$853$475$251$128$64$3
50 years$826$454$236$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $846,000, adding $2,115 every year, while hoping to spend $36,466 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: 36/45/19 Blend
57$846,000$846,000$846,000$846,000
58$934,474$889,636$876,523$962,653
59$990,990$894,428$867,087$988,153
60$1,052,050$898,233$856,112$1,012,098
61$1,118,076$900,965$843,510$1,037,188
62$1,189,537$902,529$829,184$1,063,548
63$1,266,946$902,829$813,038$1,091,316
64$1,350,867$901,760$794,967$1,120,646
65$1,441,920$899,211$774,863$1,151,711
66$1,540,789$895,065$752,614$1,184,704
67$1,648,224$889,198$728,101$1,219,841
68$1,765,050$881,476$701,200$1,257,364
69$1,892,178$871,761$671,783$1,297,540
70$2,030,606$859,903$639,713$1,340,671
71$2,181,434$845,745$604,850$1,387,090
72$2,345,874$829,120$567,046$1,437,171
73$2,525,257$809,851$526,147$1,491,328
74$2,721,051$787,751$481,990$1,550,023
75$2,934,870$762,622$434,408$1,613,771
76$3,168,490$734,255$383,225$1,683,142
77$3,423,870$702,426$328,256$1,758,772
78$3,703,162$666,903$269,310$1,841,368
79$4,008,738$627,435$206,186$1,931,714
80$4,343,211$583,761$138,675$2,030,681
81$4,709,456$535,603$66,558$2,139,236
82$5,110,640$482,666$0$2,258,452
83$5,550,250$424,642$0$2,391,630
84$6,032,128$361,202$0$2,552,516
85$6,560,504$292,000$0$2,729,118
86$7,140,037$216,669$0$2,923,111
87$7,775,858$134,823$0$3,136,348
88$8,473,621$46,055$0$3,370,879
89$9,239,551$0$0$3,628,970
90$10,080,507$0$0$3,937,919
91$11,004,044$0$0$4,302,376
92$12,018,484$0$0$4,702,836
93$13,132,996$0$0$5,142,933
94$14,357,680$0$0$5,626,673
95$15,703,664$0$0$6,158,469
96$17,183,204$0$0$6,743,180
97$18,809,808$0$0$7,386,163
98$20,598,353$0$0$8,093,319
99$22,565,234$0$0$8,871,149
100$24,728,510$0$0$9,726,814