Can I retire at age 58 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$70,770$70,140$69,525$68,925$68,338$67,123
2 years$35,035$34,382$33,750$33,137$32,542$31,322
3 years$23,125$22,469$21,838$21,231$20,646$19,459
4 years$17,171$16,517$15,893$15,296$14,725$13,580
5 years$13,599$12,950$12,333$11,749$11,194$10,094
6 years$11,219$10,574$9,967$9,395$8,857$7,805
7 years$9,519$8,880$8,283$7,725$7,203$6,198
8 years$8,245$7,612$7,025$6,480$5,976$5,017
9 years$7,255$6,628$6,050$5,519$5,032$4,120
10 years$6,463$5,842$5,275$4,758$4,288$3,421
11 years$5,816$5,201$4,644$4,141$3,688$2,865
12 years$5,277$4,668$4,121$3,632$3,196$2,416
13 years$4,821$4,218$3,682$3,206$2,787$2,050
14 years$4,430$3,834$3,308$2,846$2,443$1,746
15 years$4,092$3,503$2,987$2,538$2,151$1,494
16 years$3,797$3,214$2,708$2,273$1,901$1,282
17 years$3,536$2,960$2,464$2,042$1,686$1,103
18 years$3,305$2,735$2,250$1,840$1,499$952
19 years$3,098$2,535$2,059$1,663$1,336$822
20 years$2,913$2,355$1,890$1,506$1,193$712
21 years$2,745$2,194$1,738$1,367$1,068$617
22 years$2,592$2,048$1,602$1,243$957$536
23 years$2,453$1,915$1,479$1,132$859$465
24 years$2,326$1,795$1,368$1,032$772$405
25 years$2,209$1,684$1,267$943$695$352
26 years$2,102$1,583$1,175$862$626$307
27 years$2,002$1,490$1,091$789$564$267
28 years$1,910$1,404$1,015$723$509$233
29 years$1,824$1,324$944$663$460$203
30 years$1,744$1,251$879$608$415$177
31 years$1,670$1,182$820$559$376$155
32 years$1,600$1,119$765$514$340$135
33 years$1,535$1,059$714$472$307$118
34 years$1,473$1,004$667$435$278$103
35 years$1,416$952$624$400$252$90
36 years$1,361$904$584$368$228$79
37 years$1,310$858$546$339$207$69
38 years$1,261$816$512$313$188$60
39 years$1,215$776$479$288$170$53
40 years$1,172$738$449$266$154$46
41 years$1,130$703$421$245$140$40
42 years$1,091$669$395$227$127$35
43 years$1,054$638$371$209$115$31
44 years$1,018$608$348$193$105$27
45 years$984$580$327$178$95$24
46 years$952$553$307$165$86$21
47 years$921$528$288$152$78$18
48 years$892$504$271$141$71$16
49 years$864$481$255$130$65$14
50 years$837$459$239$120$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $857,000, adding $3,646 every year, while hoping to spend $38,243 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: 50/21/29 Blend
57$857,000$857,000$857,000$857,000
58$948,175$902,754$889,470$987,633
59$1,004,198$906,299$878,577$1,019,174
60$1,064,655$908,735$866,038$1,049,355
61$1,129,955$909,969$851,756$1,081,421
62$1,200,553$909,900$835,632$1,115,569
63$1,276,945$908,420$817,561$1,152,018
64$1,359,677$905,417$797,433$1,191,013
65$1,449,352$900,770$775,135$1,232,823
66$1,546,630$894,352$750,546$1,277,749
67$1,652,237$886,026$723,540$1,326,124
68$1,766,974$875,650$693,987$1,378,317
69$1,891,719$863,071$661,750$1,434,739
70$2,027,441$848,128$626,685$1,495,845
71$2,175,203$830,649$588,642$1,562,138
72$2,336,178$810,455$547,466$1,634,177
73$2,511,654$787,353$502,991$1,712,581
74$2,703,049$761,140$455,048$1,798,037
75$2,911,926$731,601$403,458$1,891,304
76$3,140,003$698,511$348,035$1,993,223
77$3,389,172$661,627$288,583$2,104,726
78$3,661,517$620,695$224,900$2,226,843
79$3,959,330$575,448$156,772$2,360,716
80$4,285,137$525,600$83,979$2,507,606
81$4,641,718$470,851$6,289$2,668,911
82$5,032,134$410,884$0$2,846,176
83$5,459,757$345,362$0$3,064,816
84$5,928,299$273,932$0$3,306,630
85$6,441,849$196,218$0$3,571,840
86$7,004,911$111,826$0$3,862,840
87$7,622,444$20,338$0$4,182,269
88$8,299,911$0$0$4,533,040
89$9,043,328$0$0$4,936,549
90$9,859,324$0$0$5,384,704
91$10,755,200$0$0$5,876,826
92$11,738,997$0$0$6,417,345
93$12,819,574$0$0$7,011,142
94$14,006,691$0$0$7,663,591
95$15,311,099$0$0$8,380,616
96$16,744,641$0$0$9,168,740
97$18,320,367$0$0$10,035,152
98$20,052,652$0$0$10,987,771
99$21,957,334$0$0$12,035,322
100$24,051,861$0$0$13,187,417