Can I retire at age 58 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$70,605$69,976$69,363$68,764$68,179$65,577
2 years$34,953$34,302$33,671$33,059$32,466$29,876
3 years$23,071$22,417$21,787$21,182$20,598$18,100
4 years$17,130$16,479$15,856$15,260$14,691$12,305
5 years$13,567$12,920$12,305$11,721$11,168$8,899
6 years$11,193$10,550$9,944$9,374$8,836$6,688
7 years$9,497$8,860$8,264$7,707$7,186$5,156
8 years$8,226$7,594$7,008$6,465$5,962$4,049
9 years$7,238$6,612$6,036$5,507$5,021$3,221
10 years$6,448$5,828$5,262$4,747$4,278$2,589
11 years$5,802$5,189$4,633$4,131$3,679$2,098
12 years$5,264$4,657$4,112$3,624$3,188$1,709
13 years$4,810$4,209$3,673$3,199$2,780$1,400
14 years$4,420$3,826$3,301$2,840$2,437$1,151
15 years$4,083$3,495$2,980$2,533$2,146$949
16 years$3,788$3,206$2,702$2,268$1,897$785
17 years$3,528$2,953$2,459$2,037$1,682$650
18 years$3,297$2,729$2,244$1,836$1,495$540
19 years$3,091$2,529$2,055$1,659$1,333$449
20 years$2,906$2,350$1,886$1,503$1,190$373
21 years$2,738$2,189$1,734$1,364$1,065$311
22 years$2,586$2,043$1,599$1,240$955$259
23 years$2,448$1,911$1,476$1,129$857$216
24 years$2,321$1,790$1,365$1,030$770$180
25 years$2,204$1,680$1,264$941$693$151
26 years$2,097$1,579$1,173$860$624$126
27 years$1,998$1,486$1,089$787$563$105
28 years$1,906$1,400$1,012$721$508$88
29 years$1,820$1,321$942$661$459$73
30 years$1,740$1,248$877$607$414$61
31 years$1,666$1,179$818$557$375$51
32 years$1,596$1,116$763$512$339$43
33 years$1,531$1,057$713$471$307$36
34 years$1,470$1,002$666$433$278$30
35 years$1,412$950$622$399$252$25
36 years$1,358$902$582$368$228$21
37 years$1,307$856$545$339$207$18
38 years$1,258$814$510$312$187$15
39 years$1,212$774$478$288$170$12
40 years$1,169$736$448$265$154$10
41 years$1,128$701$420$245$140$9
42 years$1,089$668$394$226$127$7
43 years$1,051$636$370$209$115$6
44 years$1,016$606$347$193$104$5
45 years$982$578$326$178$95$4
46 years$950$552$306$164$86$4
47 years$919$526$288$152$78$3
48 years$890$502$270$140$71$2
49 years$862$480$254$130$64$2
50 years$835$458$239$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $855,000, adding $3,168 every year, while hoping to spend $44,549 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: 69/10/21 Blend
57$855,000$855,000$855,000$855,000
58$945,478$900,163$886,910$1,005,571
59$994,517$896,871$869,222$1,042,846
60$1,047,065$891,925$849,448$1,078,114
61$1,103,432$885,196$827,472$1,115,626
62$1,163,961$876,549$803,170$1,155,601
63$1,229,024$865,840$776,416$1,198,279
64$1,299,034$852,915$747,075$1,243,928
65$1,374,441$837,614$715,008$1,292,845
66$1,455,742$819,764$680,068$1,345,357
67$1,543,480$799,185$642,103$1,401,825
68$1,638,253$775,684$600,952$1,462,650
69$1,740,720$749,057$556,449$1,528,274
70$1,851,602$719,090$508,419$1,599,186
71$1,971,694$685,554$456,679$1,675,928
72$2,101,870$648,208$401,041$1,759,096
73$2,243,088$606,798$341,303$1,849,350
74$2,396,406$561,054$277,260$1,947,422
75$2,562,985$510,691$208,693$2,054,116
76$2,744,102$455,408$135,378$2,170,325
77$2,941,164$394,887$57,076$2,297,032
78$3,155,717$328,790$0$2,435,325
79$3,389,462$256,763$0$2,592,340
80$3,644,274$178,431$0$2,777,502
81$3,922,212$93,396$0$2,979,535
82$4,225,546$1,241$0$3,200,119
83$4,556,773$0$0$3,441,106
84$4,918,642$0$0$3,715,375
85$5,314,179$0$0$4,015,357
86$5,746,718$0$0$4,343,449
87$6,219,925$0$0$4,702,440
88$6,737,842$0$0$5,095,401
89$7,304,916$0$0$5,525,713
90$7,926,046$0$0$5,997,101
91$8,606,626$0$0$6,513,664
92$9,352,597$0$0$7,079,920
93$10,170,502$0$0$7,700,843
94$11,067,547$0$0$8,381,912
95$12,051,670$0$0$9,129,160
96$13,131,613$0$0$9,949,234
97$14,317,007$0$0$10,849,457
98$15,618,459$0$0$11,837,893
99$17,047,655$0$0$12,923,425
100$18,617,466$0$0$14,115,841