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%19.9%
1 years$70,440$69,813$69,200$68,603$68,019$65,321
2 years$34,871$34,222$33,592$32,982$32,390$29,705
3 years$23,017$22,364$21,737$21,132$20,550$17,962
4 years$17,090$16,440$15,819$15,224$14,656$12,186
5 years$13,536$12,889$12,276$11,694$11,141$8,795
6 years$11,167$10,525$9,921$9,352$8,816$6,595
7 years$9,475$8,839$8,244$7,688$7,170$5,073
8 years$8,207$7,577$6,992$6,450$5,948$3,974
9 years$7,221$6,597$6,022$5,494$5,009$3,154
10 years$6,433$5,815$5,250$4,736$4,268$2,529
11 years$5,789$5,177$4,622$4,121$3,671$2,043
12 years$5,252$4,646$4,102$3,615$3,181$1,661
13 years$4,798$4,199$3,665$3,192$2,774$1,356
14 years$4,410$3,817$3,293$2,833$2,431$1,112
15 years$4,073$3,487$2,973$2,527$2,141$914
16 years$3,779$3,199$2,696$2,262$1,892$754
17 years$3,520$2,946$2,453$2,033$1,678$623
18 years$3,290$2,722$2,239$1,832$1,492$515
19 years$3,084$2,523$2,050$1,655$1,330$427
20 years$2,899$2,344$1,881$1,499$1,188$354
21 years$2,732$2,184$1,730$1,361$1,063$294
22 years$2,580$2,038$1,595$1,237$953$244
23 years$2,442$1,907$1,472$1,127$855$203
24 years$2,315$1,786$1,362$1,028$769$169
25 years$2,199$1,676$1,261$938$692$141
26 years$2,092$1,575$1,170$858$623$117
27 years$1,993$1,483$1,086$785$562$98
28 years$1,901$1,397$1,010$720$507$81
29 years$1,816$1,318$940$660$458$68
30 years$1,736$1,245$875$606$414$56
31 years$1,662$1,177$816$556$374$47
32 years$1,593$1,113$761$511$338$39
33 years$1,528$1,054$711$470$306$33
34 years$1,466$999$664$432$277$27
35 years$1,409$948$621$398$251$23
36 years$1,355$900$581$367$227$19
37 years$1,304$854$544$338$206$16
38 years$1,255$812$509$311$187$13
39 years$1,210$772$477$287$169$11
40 years$1,166$735$447$265$154$9
41 years$1,125$699$419$244$139$8
42 years$1,086$666$393$225$127$6
43 years$1,049$635$369$208$115$5
44 years$1,013$605$346$192$104$4
45 years$980$577$325$177$95$4
46 years$948$550$306$164$86$3
47 years$917$525$287$151$78$3
48 years$888$501$270$140$71$2
49 years$860$479$254$129$64$2
50 years$833$457$238$120$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $853,000, adding $6,872 every year, while hoping to spend $23,461 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: 42/30/28 Blend
57$853,000$853,000$853,000$853,000
58$947,094$901,885$888,664$978,864
59$1,018,736$921,116$893,472$1,021,610
60$1,096,898$940,502$897,655$1,065,151
61$1,182,222$960,026$901,166$1,111,857
62$1,275,412$979,671$903,959$1,162,035
63$1,377,245$999,416$905,982$1,216,025
64$1,488,575$1,019,238$907,183$1,274,197
65$1,610,342$1,039,113$907,506$1,336,966
66$1,743,582$1,059,014$906,893$1,404,783
67$1,889,435$1,078,914$905,282$1,478,152
68$2,049,158$1,098,782$902,609$1,557,624
69$2,224,133$1,118,583$898,808$1,643,811
70$2,415,883$1,138,282$893,806$1,737,384
71$2,626,086$1,157,841$887,532$1,839,088
72$2,856,589$1,177,217$879,906$1,949,741
73$3,109,426$1,196,365$870,848$2,070,248
74$3,386,838$1,215,239$860,272$2,201,606
75$3,691,295$1,233,784$848,091$2,344,915
76$4,025,515$1,251,948$834,209$2,501,391
77$4,392,493$1,269,668$818,531$2,672,372
78$4,795,528$1,286,883$800,953$2,859,336
79$5,238,256$1,303,524$781,369$3,063,912
80$5,724,680$1,319,519$759,666$3,287,900
81$6,259,211$1,334,789$735,728$3,533,281
82$6,846,708$1,349,251$709,433$3,802,245
83$7,492,525$1,362,818$680,652$4,097,203
84$8,202,561$1,375,394$649,252$4,420,818
85$8,983,313$1,386,879$615,093$4,776,024
86$9,841,940$1,397,165$578,028$5,166,060
87$10,786,331$1,406,139$537,904$5,594,497
88$11,825,176$1,413,679$494,563$6,065,272
89$12,968,050$1,419,655$447,837$6,582,728
90$14,225,503$1,423,931$397,552$7,151,655
91$15,609,160$1,426,359$343,526$7,777,335
92$17,131,829$1,426,785$285,568$8,465,591
93$18,807,622$1,425,044$223,481$9,222,847
94$20,652,088$1,420,960$157,057$10,056,184
95$22,682,362$1,414,348$86,079$10,973,411
96$24,917,322$1,405,011$10,322$11,983,140
97$27,377,772$1,392,738$0$13,094,864
98$30,086,631$1,377,310$0$14,340,122
99$33,069,159$1,358,489$0$15,714,046
100$36,353,186$1,336,028$0$17,226,352