Can I retire at age 58 with 854,000?

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 $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%11.1%
1 years$70,523$69,894$69,281$68,683$68,099$67,784
2 years$34,912$34,262$33,632$33,021$32,428$32,110
3 years$23,044$22,391$21,762$21,157$20,574$20,262
4 years$17,110$16,459$15,837$15,242$14,673$14,371
5 years$13,551$12,904$12,290$11,708$11,154$10,862
6 years$11,180$10,537$9,932$9,363$8,826$8,545
7 years$9,486$8,849$8,254$7,697$7,178$6,907
8 years$8,217$7,585$7,000$6,457$5,955$5,695
9 years$7,230$6,605$6,029$5,500$5,015$4,765
10 years$6,441$5,822$5,256$4,741$4,273$4,034
11 years$5,795$5,183$4,628$4,126$3,675$3,446
12 years$5,258$4,652$4,107$3,619$3,185$2,966
13 years$4,804$4,204$3,669$3,195$2,777$2,569
14 years$4,415$3,821$3,297$2,836$2,434$2,236
15 years$4,078$3,491$2,977$2,530$2,143$1,954
16 years$3,784$3,203$2,699$2,265$1,894$1,715
17 years$3,524$2,949$2,456$2,035$1,680$1,509
18 years$3,294$2,725$2,242$1,834$1,493$1,332
19 years$3,088$2,526$2,052$1,657$1,331$1,178
20 years$2,902$2,347$1,883$1,501$1,189$1,044
21 years$2,735$2,186$1,732$1,362$1,064$927
22 years$2,583$2,041$1,597$1,239$954$824
23 years$2,445$1,909$1,474$1,128$856$734
24 years$2,318$1,788$1,363$1,029$770$654
25 years$2,202$1,678$1,263$940$692$583
26 years$2,094$1,577$1,171$859$624$521
27 years$1,995$1,484$1,088$786$562$466
28 years$1,903$1,399$1,011$720$507$417
29 years$1,818$1,320$941$661$458$373
30 years$1,738$1,246$876$606$414$334
31 years$1,664$1,178$817$557$374$299
32 years$1,595$1,115$762$512$339$268
33 years$1,529$1,056$712$471$306$241
34 years$1,468$1,001$665$433$277$216
35 years$1,411$949$622$399$251$194
36 years$1,356$901$582$367$228$174
37 years$1,305$855$544$338$206$156
38 years$1,257$813$510$312$187$140
39 years$1,211$773$478$287$170$126
40 years$1,168$736$448$265$154$113
41 years$1,126$700$420$245$140$102
42 years$1,087$667$394$226$127$92
43 years$1,050$635$369$208$115$82
44 years$1,015$606$347$192$104$74
45 years$981$577$326$178$95$67
46 years$949$551$306$164$86$60
47 years$918$526$287$152$78$54
48 years$889$502$270$140$71$48
49 years$861$479$254$130$64$44
50 years$834$458$239$120$59$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $854,000, adding $6,403 every year, while hoping to spend $50,479 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: 79/15/6 Blend
57$854,000$854,000$854,000$854,000
58$947,713$902,451$889,214$1,021,606
59$990,670$892,962$865,293$1,061,453
60$1,036,317$881,316$838,879$1,097,874
61$1,084,876$867,354$809,836$1,136,307
62$1,136,586$850,908$778,019$1,176,926
63$1,191,715$831,799$743,279$1,219,926
64$1,250,552$809,839$705,461$1,265,520
65$1,313,414$784,827$664,399$1,313,942
66$1,380,650$756,551$619,925$1,365,453
67$1,452,642$724,788$571,858$1,420,339
68$1,529,810$689,301$520,013$1,478,915
69$1,612,611$649,838$464,195$1,541,531
70$1,701,552$606,134$404,199$1,608,571
71$1,797,184$557,909$339,815$1,680,460
72$1,900,117$504,866$270,818$1,757,667
73$2,011,017$446,692$196,978$1,840,710
74$2,130,617$383,056$118,053$1,930,159
75$2,259,721$313,608$33,790$2,026,644
76$2,399,216$237,978$0$2,130,863
77$2,550,073$155,776$0$2,247,176
78$2,713,361$66,589$0$2,375,379
79$2,890,254$0$0$2,514,263
80$3,082,044$0$0$2,669,834
81$3,290,152$0$0$2,850,588
82$3,516,140$0$0$3,046,895
83$3,761,725$0$0$3,260,251
84$4,028,799$0$0$3,492,299
85$4,319,442$0$0$3,744,851
86$4,635,940$0$0$4,019,897
87$4,980,812$0$0$4,319,631
88$5,356,830$0$0$4,646,462
89$5,767,042$0$0$5,003,047
90$6,214,807$0$0$5,392,307
91$6,703,819$0$0$5,817,458
92$7,238,145$0$0$6,282,041
93$7,822,265$0$0$6,789,954
94$8,461,108$0$0$7,345,490
95$9,160,104$0$0$7,953,374
96$9,925,231$0$0$8,618,809
97$10,763,070$0$0$9,347,525
98$11,680,872$0$0$10,145,833
99$12,686,618$0$0$11,020,682
100$13,789,100$0$0$11,979,724