Can I retire at age 58 with 854,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$70,523$69,894$69,281$68,683$68,099$66,642
2 years$34,912$34,262$33,632$33,021$32,428$30,968
3 years$23,044$22,391$21,762$21,157$20,574$19,155
4 years$17,110$16,459$15,837$15,242$14,673$13,307
5 years$13,551$12,904$12,290$11,708$11,154$9,845
6 years$11,180$10,537$9,932$9,363$8,826$7,575
7 years$9,486$8,849$8,254$7,697$7,178$5,985
8 years$8,217$7,585$7,000$6,457$5,955$4,819
9 years$7,230$6,605$6,029$5,500$5,015$3,936
10 years$6,441$5,822$5,256$4,741$4,273$3,250
11 years$5,795$5,183$4,628$4,126$3,675$2,707
12 years$5,258$4,652$4,107$3,619$3,185$2,270
13 years$4,804$4,204$3,669$3,195$2,777$1,914
14 years$4,415$3,821$3,297$2,836$2,434$1,621
15 years$4,078$3,491$2,977$2,530$2,143$1,378
16 years$3,784$3,203$2,699$2,265$1,894$1,175
17 years$3,524$2,949$2,456$2,035$1,680$1,005
18 years$3,294$2,725$2,242$1,834$1,493$861
19 years$3,088$2,526$2,052$1,657$1,331$739
20 years$2,902$2,347$1,883$1,501$1,189$635
21 years$2,735$2,186$1,732$1,362$1,064$547
22 years$2,583$2,041$1,597$1,239$954$471
23 years$2,445$1,909$1,474$1,128$856$407
24 years$2,318$1,788$1,363$1,029$770$351
25 years$2,202$1,678$1,263$940$692$303
26 years$2,094$1,577$1,171$859$624$262
27 years$1,995$1,484$1,088$786$562$227
28 years$1,903$1,399$1,011$720$507$196
29 years$1,818$1,320$941$661$458$170
30 years$1,738$1,246$876$606$414$147
31 years$1,664$1,178$817$557$374$128
32 years$1,595$1,115$762$512$339$111
33 years$1,529$1,056$712$471$306$96
34 years$1,468$1,001$665$433$277$83
35 years$1,411$949$622$399$251$72
36 years$1,356$901$582$367$228$63
37 years$1,305$855$544$338$206$54
38 years$1,257$813$510$312$187$47
39 years$1,211$773$478$287$170$41
40 years$1,168$736$448$265$154$35
41 years$1,126$700$420$245$140$31
42 years$1,087$667$394$226$127$27
43 years$1,050$635$369$208$115$23
44 years$1,015$606$347$192$104$20
45 years$981$577$326$178$95$17
46 years$949$551$306$164$86$15
47 years$918$526$287$152$78$13
48 years$889$502$270$140$71$11
49 years$861$479$254$130$64$10
50 years$834$458$239$120$59$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $854,000, adding $5,554 every year, while hoping to spend $21,061 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: 57/31/12 Blend
57$854,000$854,000$854,000$854,000
58$946,837$901,575$888,338$997,658
59$1,021,006$923,343$895,689$1,054,413
60$1,102,034$945,473$902,579$1,113,415
61$1,190,598$967,958$908,973$1,177,208
62$1,287,445$990,794$914,830$1,246,252
63$1,393,396$1,013,975$920,108$1,321,057
64$1,509,355$1,037,492$924,764$1,402,182
65$1,636,318$1,061,337$928,752$1,490,244
66$1,775,380$1,085,500$932,023$1,585,924
67$1,927,750$1,109,971$934,527$1,689,969
68$2,094,756$1,134,736$936,210$1,803,205
69$2,277,864$1,159,781$937,016$1,926,539
70$2,478,687$1,185,091$936,886$2,060,973
71$2,699,001$1,210,648$935,760$2,207,609
72$2,940,763$1,236,433$933,571$2,367,662
73$3,206,127$1,262,425$930,253$2,542,471
74$3,497,470$1,288,601$925,734$2,733,511
75$3,817,405$1,314,936$919,939$2,942,407
76$4,168,815$1,341,402$912,791$3,170,951
77$4,554,872$1,367,969$904,208$3,421,116
78$4,979,073$1,394,604$894,103$3,695,078
79$5,445,271$1,421,272$882,388$3,995,233
80$5,957,708$1,447,934$868,968$4,324,222
81$6,521,060$1,474,548$853,744$4,684,957
82$7,140,477$1,501,070$836,613$5,080,646
83$7,821,634$1,527,451$817,468$5,514,824
84$8,570,783$1,553,639$796,196$5,991,388
85$9,394,813$1,579,577$772,679$6,514,631
86$10,301,313$1,605,205$746,792$7,089,285
87$11,298,645$1,630,458$718,408$7,720,568
88$12,396,023$1,655,267$687,391$8,414,225
89$13,603,599$1,679,556$653,599$9,176,594
90$14,932,557$1,703,245$616,886$10,014,654
91$16,395,222$1,726,249$577,096$10,936,102
92$18,005,176$1,748,476$534,070$11,949,417
93$19,777,380$1,769,828$487,637$13,063,946
94$21,728,323$1,790,199$437,623$14,289,990
95$23,876,172$1,809,479$383,844$15,638,901
96$26,240,945$1,827,548$326,107$17,123,192
97$28,844,702$1,844,278$264,212$18,756,652
98$31,711,748$1,859,534$197,949$20,554,479
99$34,868,867$1,873,172$127,101$22,533,423
100$38,345,572$1,885,037$51,439$24,711,944