Can I retire at age 58 with 852,000?

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 $852,000?

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$70,357$69,731$69,119$68,522$67,940$65,923
2 years$34,830$34,182$33,553$32,943$32,352$30,337
3 years$22,990$22,338$21,711$21,107$20,526$18,576
4 years$17,070$16,421$15,800$15,207$14,639$12,769
5 years$13,520$12,874$12,262$11,680$11,128$9,343
6 years$11,153$10,513$9,909$9,341$8,805$7,106
7 years$9,464$8,829$8,235$7,679$7,161$5,548
8 years$8,197$7,568$6,984$6,442$5,941$4,413
9 years$7,213$6,589$6,015$5,487$5,003$3,559
10 years$6,425$5,808$5,244$4,730$4,263$2,901
11 years$5,782$5,170$4,617$4,117$3,666$2,384
12 years$5,246$4,641$4,097$3,611$3,177$1,971
13 years$4,793$4,194$3,661$3,188$2,770$1,639
14 years$4,405$3,812$3,289$2,830$2,429$1,368
15 years$4,068$3,482$2,970$2,524$2,138$1,146
16 years$3,775$3,195$2,692$2,260$1,890$963
17 years$3,516$2,943$2,450$2,030$1,676$811
18 years$3,286$2,719$2,236$1,830$1,490$684
19 years$3,080$2,520$2,047$1,653$1,328$578
20 years$2,896$2,342$1,879$1,497$1,186$489
21 years$2,729$2,181$1,728$1,359$1,062$414
22 years$2,577$2,036$1,593$1,236$951$351
23 years$2,439$1,904$1,471$1,125$854$298
24 years$2,313$1,784$1,360$1,026$768$253
25 years$2,197$1,674$1,260$937$691$215
26 years$2,090$1,574$1,168$857$622$183
27 years$1,991$1,481$1,085$784$561$156
28 years$1,899$1,396$1,009$719$506$132
29 years$1,814$1,317$939$659$457$113
30 years$1,734$1,243$874$605$413$96
31 years$1,660$1,175$815$556$373$82
32 years$1,591$1,112$760$511$338$70
33 years$1,526$1,053$710$469$306$59
34 years$1,465$998$663$432$277$50
35 years$1,407$947$620$398$251$43
36 years$1,353$899$580$366$227$37
37 years$1,302$853$543$337$206$31
38 years$1,254$811$509$311$187$27
39 years$1,208$771$476$287$169$23
40 years$1,165$734$447$265$154$19
41 years$1,124$699$419$244$139$16
42 years$1,085$665$393$225$126$14
43 years$1,048$634$369$208$115$12
44 years$1,012$604$346$192$104$10
45 years$979$576$325$177$95$9
46 years$947$550$305$164$86$7
47 years$916$525$287$151$78$6
48 years$887$501$269$140$71$5
49 years$859$478$253$129$64$5
50 years$832$457$238$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $852,000, adding $3,319 every year, while hoping to spend $53,647 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: 62/18/20 Blend
57$852,000$852,000$852,000$852,000
58$942,328$897,172$883,966$995,686
59$981,365$884,053$856,498$1,018,969
60$1,022,586$868,494$826,313$1,038,097
61$1,066,157$850,317$793,262$1,057,749
62$1,112,260$829,337$757,190$1,077,981
63$1,161,091$805,355$717,937$1,098,858
64$1,212,868$778,163$675,334$1,120,454
65$1,267,826$747,539$629,203$1,142,851
66$1,326,224$713,248$579,361$1,166,145
67$1,388,345$675,044$525,616$1,190,441
68$1,454,498$632,662$467,766$1,215,861
69$1,525,022$585,828$405,601$1,242,540
70$1,600,287$534,246$338,901$1,270,631
71$1,680,700$477,608$267,438$1,300,306
72$1,766,707$415,586$190,973$1,331,758
73$1,858,795$347,834$109,255$1,365,204
74$1,957,501$273,987$22,023$1,400,888
75$2,063,411$193,658$0$1,439,082
76$2,177,172$106,439$0$1,495,256
77$2,299,489$11,901$0$1,560,588
78$2,431,141$0$0$1,630,817
79$2,572,980$0$0$1,724,343
80$2,725,943$0$0$1,827,794
81$2,891,060$0$0$1,939,516
82$3,069,462$0$0$2,060,281
83$3,262,391$0$0$2,190,935
84$3,471,214$0$0$2,332,412
85$3,697,432$0$0$2,485,737
86$3,942,698$0$0$2,652,037
87$4,208,827$0$0$2,832,551
88$4,497,817$0$0$3,028,643
89$4,811,863$0$0$3,241,812
90$5,153,383$0$0$3,473,709
91$5,525,036$0$0$3,726,147
92$5,929,747$0$0$4,001,125
93$6,370,734$0$0$4,300,840
94$6,851,541$0$0$4,627,712
95$7,376,066$0$0$4,984,402
96$7,948,602$0$0$5,373,842
97$8,573,872$0$0$5,799,257
98$9,257,077$0$0$6,264,199
99$10,003,941$0$0$6,772,578
100$10,820,769$0$0$7,328,698