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%17.4%
1 years$70,440$69,813$69,200$68,603$68,019$65,974
2 years$34,871$34,222$33,592$32,982$32,390$30,347
3 years$23,017$22,364$21,737$21,132$20,550$18,572
4 years$17,090$16,440$15,819$15,224$14,656$12,760
5 years$13,536$12,889$12,276$11,694$11,141$9,332
6 years$11,167$10,525$9,921$9,352$8,816$7,094
7 years$9,475$8,839$8,244$7,688$7,170$5,535
8 years$8,207$7,577$6,992$6,450$5,948$4,401
9 years$7,221$6,597$6,022$5,494$5,009$3,547
10 years$6,433$5,815$5,250$4,736$4,268$2,889
11 years$5,789$5,177$4,622$4,121$3,671$2,372
12 years$5,252$4,646$4,102$3,615$3,181$1,961
13 years$4,798$4,199$3,665$3,192$2,774$1,629
14 years$4,410$3,817$3,293$2,833$2,431$1,359
15 years$4,073$3,487$2,973$2,527$2,141$1,137
16 years$3,779$3,199$2,696$2,262$1,892$955
17 years$3,520$2,946$2,453$2,033$1,678$803
18 years$3,290$2,722$2,239$1,832$1,492$677
19 years$3,084$2,523$2,050$1,655$1,330$572
20 years$2,899$2,344$1,881$1,499$1,188$484
21 years$2,732$2,184$1,730$1,361$1,063$409
22 years$2,580$2,038$1,595$1,237$953$347
23 years$2,442$1,907$1,472$1,127$855$294
24 years$2,315$1,786$1,362$1,028$769$250
25 years$2,199$1,676$1,261$938$692$212
26 years$2,092$1,575$1,170$858$623$180
27 years$1,993$1,483$1,086$785$562$153
28 years$1,901$1,397$1,010$720$507$130
29 years$1,816$1,318$940$660$458$111
30 years$1,736$1,245$875$606$414$94
31 years$1,662$1,177$816$556$374$80
32 years$1,593$1,113$761$511$338$68
33 years$1,528$1,054$711$470$306$58
34 years$1,466$999$664$432$277$49
35 years$1,409$948$621$398$251$42
36 years$1,355$900$581$367$227$36
37 years$1,304$854$544$338$206$30
38 years$1,255$812$509$311$187$26
39 years$1,210$772$477$287$169$22
40 years$1,166$735$447$265$154$19
41 years$1,125$699$419$244$139$16
42 years$1,086$666$393$225$127$14
43 years$1,049$635$369$208$115$12
44 years$1,013$605$346$192$104$10
45 years$980$577$325$177$95$8
46 years$948$550$306$164$86$7
47 years$917$525$287$151$78$6
48 years$888$501$270$140$71$5
49 years$860$479$254$129$64$4
50 years$833$457$238$120$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $853,000, adding $3,144 every year, while hoping to spend $26,680 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: 47/45/8 Blend
57$853,000$853,000$853,000$853,000
58$943,249$898,040$884,819$985,387
59$1,011,073$913,657$886,073$1,030,290
60$1,084,921$929,144$886,475$1,075,948
61$1,165,379$944,469$885,968$1,124,880
62$1,253,093$959,592$884,492$1,177,396
63$1,348,771$974,476$881,986$1,233,842
64$1,453,197$989,076$878,384$1,294,596
65$1,567,230$1,003,347$873,616$1,360,077
66$1,691,817$1,017,241$867,612$1,430,746
67$1,828,001$1,030,705$860,296$1,507,112
68$1,976,930$1,043,682$851,588$1,589,737
69$2,139,867$1,056,113$841,407$1,679,241
70$2,318,205$1,067,934$829,666$1,776,307
71$2,513,475$1,079,076$816,273$1,881,690
72$2,727,366$1,089,467$801,134$1,996,220
73$2,961,735$1,099,028$784,150$2,120,815
74$3,218,630$1,107,678$765,216$2,256,489
75$3,500,303$1,115,328$744,225$2,404,359
76$3,809,239$1,121,884$721,061$2,565,655
77$4,148,171$1,127,246$695,606$2,741,738
78$4,520,112$1,131,308$667,736$2,934,108
79$4,928,379$1,133,958$637,321$3,144,419
80$5,376,626$1,135,074$604,224$3,374,495
81$5,868,879$1,134,530$568,302$3,626,351
82$6,409,573$1,132,190$529,409$3,902,206
83$7,003,593$1,127,911$487,387$4,204,511
84$7,656,320$1,121,540$442,076$4,535,967
85$8,373,684$1,112,915$393,305$4,899,556
86$9,162,217$1,101,864$340,897$5,298,565
87$10,029,113$1,088,206$284,668$5,736,619
88$10,982,303$1,071,748$224,424$6,217,719
89$12,030,520$1,052,285$159,964$6,746,275
90$13,183,387$1,029,602$91,078$7,327,153
91$14,451,508$1,003,468$17,544$7,965,717
92$15,846,565$973,641$0$8,667,886
93$17,381,430$939,865$0$9,445,385
94$19,070,284$901,866$0$10,302,147
95$20,928,753$859,358$0$11,244,631
96$22,974,055$812,036$0$12,281,609
97$25,225,162$759,578$0$13,422,756
98$27,702,975$701,644$0$14,678,737
99$30,430,527$637,874$0$16,061,313
100$33,433,199$567,887$0$17,583,449