Can I retire at age 58 with 857,000?

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 $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%13.2%
1 years$70,770$70,140$69,525$68,925$68,338$67,429
2 years$35,035$34,382$33,750$33,137$32,542$31,627
3 years$23,125$22,469$21,838$21,231$20,646$19,754
4 years$17,171$16,517$15,893$15,296$14,725$13,863
5 years$13,599$12,950$12,333$11,749$11,194$10,364
6 years$11,219$10,574$9,967$9,395$8,857$8,061
7 years$9,519$8,880$8,283$7,725$7,203$6,441
8 years$8,245$7,612$7,025$6,480$5,976$5,247
9 years$7,255$6,628$6,050$5,519$5,032$4,337
10 years$6,463$5,842$5,275$4,758$4,288$3,625
11 years$5,816$5,201$4,644$4,141$3,688$3,057
12 years$5,277$4,668$4,121$3,632$3,196$2,597
13 years$4,821$4,218$3,682$3,206$2,787$2,219
14 years$4,430$3,834$3,308$2,846$2,443$1,904
15 years$4,092$3,503$2,987$2,538$2,151$1,641
16 years$3,797$3,214$2,708$2,273$1,901$1,420
17 years$3,536$2,960$2,464$2,042$1,686$1,231
18 years$3,305$2,735$2,250$1,840$1,499$1,070
19 years$3,098$2,535$2,059$1,663$1,336$932
20 years$2,913$2,355$1,890$1,506$1,193$814
21 years$2,745$2,194$1,738$1,367$1,068$711
22 years$2,592$2,048$1,602$1,243$957$623
23 years$2,453$1,915$1,479$1,132$859$545
24 years$2,326$1,795$1,368$1,032$772$478
25 years$2,209$1,684$1,267$943$695$420
26 years$2,102$1,583$1,175$862$626$369
27 years$2,002$1,490$1,091$789$564$324
28 years$1,910$1,404$1,015$723$509$285
29 years$1,824$1,324$944$663$460$251
30 years$1,744$1,251$879$608$415$221
31 years$1,670$1,182$820$559$376$195
32 years$1,600$1,119$765$514$340$172
33 years$1,535$1,059$714$472$307$151
34 years$1,473$1,004$667$435$278$133
35 years$1,416$952$624$400$252$118
36 years$1,361$904$584$368$228$104
37 years$1,310$858$546$339$207$92
38 years$1,261$816$512$313$188$81
39 years$1,215$776$479$288$170$71
40 years$1,172$738$449$266$154$63
41 years$1,130$703$421$245$140$56
42 years$1,091$669$395$227$127$49
43 years$1,054$638$371$209$115$43
44 years$1,018$608$348$193$105$38
45 years$984$580$327$178$95$34
46 years$952$553$307$165$86$30
47 years$921$528$288$152$78$26
48 years$892$504$271$141$71$23
49 years$864$481$255$130$65$21
50 years$837$459$239$120$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $857,000, adding $5,218 every year, while hoping to spend $37,618 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: 70/23/7 Blend
57$857,000$857,000$857,000$857,000
58$949,796$904,375$891,092$1,014,880
59$1,006,650$908,664$880,918$1,062,896
60$1,068,043$911,903$869,143$1,110,291
61$1,134,396$914,000$855,673$1,161,118
62$1,206,177$914,858$840,410$1,215,706
63$1,283,895$914,374$823,252$1,274,418
64$1,368,113$912,439$804,091$1,337,652
65$1,459,449$908,937$782,817$1,405,850
66$1,558,583$903,745$759,311$1,479,498
67$1,666,262$896,732$733,452$1,559,132
68$1,783,309$887,760$705,110$1,645,343
69$1,910,627$876,681$674,152$1,738,786
70$2,049,212$863,340$640,438$1,840,179
71$2,200,160$847,572$603,821$1,950,318
72$2,364,676$829,202$564,148$2,070,078
73$2,544,085$808,045$521,259$2,200,427
74$2,739,847$783,905$474,987$2,342,432
75$2,953,570$756,574$425,157$2,497,269
76$3,187,021$725,833$371,587$2,666,237
77$3,442,148$691,450$314,086$2,850,769
78$3,721,095$653,179$252,456$3,052,444
79$4,026,222$610,760$186,488$3,273,005
80$4,360,127$563,918$115,966$3,514,375
81$4,725,673$512,362$40,664$3,778,676
82$5,126,009$455,786$0$4,068,246
83$5,564,607$393,865$0$4,388,633
84$6,045,288$326,255$0$4,743,152
85$6,572,261$252,595$0$5,131,921
86$7,150,161$172,501$0$5,558,425
87$7,784,094$85,570$0$6,026,504
88$8,479,684$0$0$6,540,394
89$9,243,124$0$0$7,106,946
90$10,081,239$0$0$7,752,737
91$11,001,544$0$0$8,461,906
92$12,012,318$0$0$9,240,840
93$13,122,683$0$0$10,096,574
94$14,342,686$0$0$11,036,857
95$15,683,397$0$0$12,070,227
96$17,157,009$0$0$13,206,091
97$18,776,957$0$0$14,454,812
98$20,558,043$0$0$15,827,805
99$22,516,574$0$0$17,337,650
100$24,670,516$0$0$18,998,204