Can I retire at age 58 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$70,440$69,813$69,200$68,603$68,019$65,789
2 years$34,871$34,222$33,592$32,982$32,390$30,165
3 years$23,017$22,364$21,737$21,132$20,550$18,399
4 years$17,090$16,440$15,819$15,224$14,656$12,596
5 years$13,536$12,889$12,276$11,694$11,141$9,178
6 years$11,167$10,525$9,921$9,352$8,816$6,950
7 years$9,475$8,839$8,244$7,688$7,170$5,402
8 years$8,207$7,577$6,992$6,450$5,948$4,277
9 years$7,221$6,597$6,022$5,494$5,009$3,432
10 years$6,433$5,815$5,250$4,736$4,268$2,783
11 years$5,789$5,177$4,622$4,121$3,671$2,275
12 years$5,252$4,646$4,102$3,615$3,181$1,872
13 years$4,798$4,199$3,665$3,192$2,774$1,548
14 years$4,410$3,817$3,293$2,833$2,431$1,285
15 years$4,073$3,487$2,973$2,527$2,141$1,070
16 years$3,779$3,199$2,696$2,262$1,892$894
17 years$3,520$2,946$2,453$2,033$1,678$748
18 years$3,290$2,722$2,239$1,832$1,492$628
19 years$3,084$2,523$2,050$1,655$1,330$527
20 years$2,899$2,344$1,881$1,499$1,188$443
21 years$2,732$2,184$1,730$1,361$1,063$373
22 years$2,580$2,038$1,595$1,237$953$315
23 years$2,442$1,907$1,472$1,127$855$265
24 years$2,315$1,786$1,362$1,028$769$224
25 years$2,199$1,676$1,261$938$692$189
26 years$2,092$1,575$1,170$858$623$160
27 years$1,993$1,483$1,086$785$562$135
28 years$1,901$1,397$1,010$720$507$114
29 years$1,816$1,318$940$660$458$96
30 years$1,736$1,245$875$606$414$82
31 years$1,662$1,177$816$556$374$69
32 years$1,593$1,113$761$511$338$58
33 years$1,528$1,054$711$470$306$49
34 years$1,466$999$664$432$277$42
35 years$1,409$948$621$398$251$35
36 years$1,355$900$581$367$227$30
37 years$1,304$854$544$338$206$25
38 years$1,255$812$509$311$187$21
39 years$1,210$772$477$287$169$18
40 years$1,166$735$447$265$154$15
41 years$1,125$699$419$244$139$13
42 years$1,086$666$393$225$127$11
43 years$1,049$635$369$208$115$9
44 years$1,013$605$346$192$104$8
45 years$980$577$325$177$95$7
46 years$948$550$306$164$86$6
47 years$917$525$287$151$78$5
48 years$888$501$270$140$71$4
49 years$860$479$254$129$64$3
50 years$833$457$238$120$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $853,000, adding $6,493 every year, while hoping to spend $49,787 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: 63/16/21 Blend
57$853,000$853,000$853,000$853,000
58$946,704$901,495$888,273$1,000,822
59$990,294$892,695$865,057$1,029,291
60$1,036,663$881,795$839,395$1,054,216
61$1,086,039$868,640$811,152$1,080,295
62$1,138,677$853,065$780,187$1,107,645
63$1,194,853$834,896$746,354$1,136,398
64$1,254,869$813,947$709,498$1,166,699
65$1,319,058$790,023$669,459$1,198,712
66$1,387,785$762,917$626,069$1,232,619
67$1,461,449$732,410$579,152$1,268,622
68$1,540,488$698,269$528,524$1,306,946
69$1,625,383$660,249$473,995$1,347,844
70$1,716,661$618,091$415,364$1,391,595
71$1,814,904$571,521$352,421$1,438,509
72$1,920,745$520,247$284,949$1,488,932
73$2,034,886$463,963$212,719$1,543,250
74$2,158,093$402,346$135,493$1,601,889
75$2,291,210$335,052$53,024$1,665,324
76$2,435,164$261,721$0$1,734,081
77$2,590,974$181,968$0$1,816,585
78$2,759,760$95,392$0$1,918,833
79$2,942,755$1,566$0$2,029,717
80$3,141,313$0$0$2,150,099
81$3,356,923$0$0$2,298,535
82$3,591,224$0$0$2,460,191
83$3,846,018$0$0$2,636,043
84$4,123,289$0$0$2,827,467
85$4,425,218$0$0$3,035,977
86$4,754,207$0$0$3,263,238
87$5,112,897$0$0$3,511,083
88$5,504,197$0$0$3,781,532
89$5,931,308$0$0$4,076,804
90$6,397,753$0$0$4,399,344
91$6,907,412$0$0$4,751,846
92$7,464,553$0$0$5,137,270
93$8,073,880$0$0$5,558,882
94$8,740,568$0$0$6,020,273
95$9,470,318$0$0$6,525,398
96$10,269,406$0$0$7,078,615
97$11,144,744$0$0$7,684,720
98$12,103,944$0$0$8,348,996
99$13,155,390$0$0$9,077,262
100$14,308,313$0$0$9,875,927