Can I retire at age 58 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$70,275$69,649$69,038$68,442$67,860$65,193
2 years$34,789$34,142$33,514$32,905$32,314$29,660
3 years$22,963$22,312$21,686$21,082$20,501$17,944
4 years$17,050$16,402$15,782$15,189$14,622$12,180
5 years$13,504$12,859$12,247$11,666$11,115$8,795
6 years$11,140$10,500$9,897$9,330$8,795$6,598
7 years$9,453$8,818$8,225$7,670$7,153$5,079
8 years$8,188$7,559$6,975$6,435$5,934$3,981
9 years$7,204$6,581$6,008$5,481$4,997$3,162
10 years$6,418$5,801$5,238$4,725$4,258$2,536
11 years$5,775$5,164$4,611$4,112$3,662$2,051
12 years$5,240$4,635$4,092$3,607$3,173$1,668
13 years$4,787$4,189$3,656$3,184$2,767$1,363
14 years$4,399$3,808$3,285$2,826$2,426$1,118
15 years$4,064$3,478$2,966$2,521$2,136$920
16 years$3,770$3,191$2,689$2,257$1,888$759
17 years$3,512$2,939$2,447$2,028$1,674$628
18 years$3,282$2,716$2,234$1,828$1,488$520
19 years$3,077$2,517$2,045$1,651$1,326$431
20 years$2,892$2,339$1,877$1,496$1,185$358
21 years$2,726$2,179$1,726$1,357$1,060$297
22 years$2,574$2,034$1,591$1,234$950$247
23 years$2,436$1,902$1,469$1,124$853$206
24 years$2,310$1,782$1,359$1,025$767$171
25 years$2,194$1,672$1,258$936$690$143
26 years$2,087$1,572$1,167$856$622$119
27 years$1,988$1,479$1,084$784$560$99
28 years$1,897$1,394$1,007$718$506$83
29 years$1,812$1,315$938$658$457$69
30 years$1,732$1,242$873$604$413$57
31 years$1,658$1,174$814$555$373$48
32 years$1,589$1,111$760$510$337$40
33 years$1,524$1,052$709$469$305$33
34 years$1,463$997$663$431$276$28
35 years$1,406$946$620$397$250$23
36 years$1,352$898$580$366$227$19
37 years$1,301$852$542$337$206$16
38 years$1,252$810$508$311$186$13
39 years$1,207$770$476$286$169$11
40 years$1,163$733$446$264$153$9
41 years$1,122$698$418$244$139$8
42 years$1,083$664$392$225$126$7
43 years$1,046$633$368$208$115$5
44 years$1,011$603$346$192$104$5
45 years$977$575$325$177$94$4
46 years$945$549$305$164$86$3
47 years$915$524$286$151$78$3
48 years$886$500$269$140$71$2
49 years$858$478$253$129$64$2
50 years$831$456$238$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $851,000, adding $5,332 every year, while hoping to spend $31,848 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: 70/17/13 Blend
57$851,000$851,000$851,000$851,000
58$943,302$898,199$885,008$1,006,282
59$1,005,633$908,325$880,770$1,058,912
60$1,073,254$917,879$875,323$1,112,136
61$1,146,671$926,801$868,591$1,169,550
62$1,226,442$935,024$860,499$1,231,559
63$1,313,177$942,478$850,964$1,298,614
64$1,407,551$949,090$839,901$1,371,208
65$1,510,305$954,779$827,221$1,449,888
66$1,622,253$959,460$812,831$1,535,255
67$1,744,295$963,046$796,633$1,627,972
68$1,877,416$965,438$778,523$1,728,771
69$2,022,705$966,537$758,396$1,838,457
70$2,181,358$966,234$736,139$1,957,920
71$2,354,692$964,415$711,636$2,088,140
72$2,544,158$960,959$684,762$2,230,196
73$2,751,351$955,735$655,391$2,385,282
74$2,978,030$948,608$623,388$2,554,710
75$3,226,131$939,431$588,614$2,739,930
76$3,497,786$928,052$550,921$2,942,538
77$3,795,340$914,307$510,157$3,164,295
78$4,121,379$898,023$466,162$3,407,144
79$4,478,751$879,016$418,769$3,673,225
80$4,870,589$857,094$367,804$3,964,899
81$5,300,348$832,050$313,084$4,284,769
82$5,771,830$803,667$254,419$4,635,705
83$6,289,225$771,715$191,610$5,020,870
84$6,857,147$735,951$124,450$5,443,753
85$7,480,680$696,116$52,723$5,908,200
86$8,165,422$651,939$0$6,418,452
87$8,917,542$603,131$0$6,982,489
88$9,743,835$549,387$0$7,610,179
89$10,651,785$490,387$0$8,299,918
90$11,649,640$425,788$0$9,058,008
91$12,746,484$355,233$0$9,891,391
92$13,952,327$278,341$0$10,807,721
93$15,278,195$194,711$0$11,815,433
94$16,736,238$103,919$0$12,923,822
95$18,339,841$5,517$0$14,143,135
96$20,103,752$0$0$15,484,662
97$22,044,218$0$0$16,979,737
98$24,179,143$0$0$18,625,826
99$26,528,253$0$0$20,437,111
100$29,113,281$0$0$22,430,358