Can I retire at age 58 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$70,853$70,222$69,606$69,005$68,418$67,675
2 years$35,076$34,422$33,789$33,175$32,580$31,832
3 years$23,151$22,495$21,864$21,256$20,670$19,940
4 years$17,191$16,537$15,911$15,314$14,742$14,036
5 years$13,615$12,965$12,348$11,762$11,207$10,527
6 years$11,232$10,587$9,979$9,406$8,867$8,214
7 years$9,531$8,891$8,293$7,734$7,212$6,585
8 years$8,255$7,621$7,033$6,487$5,983$5,383
9 years$7,264$6,635$6,057$5,526$5,038$4,465
10 years$6,471$5,849$5,281$4,763$4,293$3,746
11 years$5,823$5,207$4,649$4,146$3,692$3,171
12 years$5,283$4,673$4,126$3,636$3,199$2,704
13 years$4,826$4,223$3,686$3,210$2,790$2,319
14 years$4,436$3,839$3,312$2,850$2,446$1,999
15 years$4,097$3,507$2,990$2,541$2,153$1,730
16 years$3,801$3,218$2,711$2,276$1,903$1,502
17 years$3,541$2,963$2,467$2,045$1,687$1,308
18 years$3,309$2,738$2,252$1,843$1,500$1,142
19 years$3,102$2,538$2,062$1,665$1,337$999
20 years$2,916$2,358$1,892$1,508$1,195$876
21 years$2,748$2,197$1,740$1,369$1,069$769
22 years$2,595$2,050$1,604$1,244$958$676
23 years$2,456$1,918$1,481$1,133$860$595
24 years$2,329$1,797$1,370$1,034$773$525
25 years$2,212$1,686$1,269$944$696$463
26 years$2,104$1,585$1,177$863$627$408
27 years$2,005$1,491$1,093$790$565$361
28 years$1,912$1,405$1,016$724$510$319
29 years$1,826$1,326$945$664$460$282
30 years$1,747$1,252$880$609$416$250
31 years$1,672$1,184$821$559$376$221
32 years$1,602$1,120$766$514$340$196
33 years$1,537$1,061$715$473$308$173
34 years$1,475$1,005$668$435$279$154
35 years$1,417$953$625$400$252$136
36 years$1,363$905$584$369$229$121
37 years$1,311$859$547$340$207$107
38 years$1,263$817$512$313$188$95
39 years$1,217$777$480$289$170$84
40 years$1,173$739$450$266$155$75
41 years$1,132$703$422$246$140$66
42 years$1,092$670$396$227$127$59
43 years$1,055$638$371$209$115$52
44 years$1,019$608$348$193$105$46
45 years$986$580$327$179$95$41
46 years$953$553$307$165$86$36
47 years$922$528$289$152$78$32
48 years$893$504$271$141$71$29
49 years$865$482$255$130$65$26
50 years$838$460$240$120$59$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $858,000, adding $3,527 every year, while hoping to spend $43,751 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: 62/9/29 Blend
57$858,000$858,000$858,000$858,000
58$949,154$903,680$890,381$1,000,396
59$999,417$901,410$873,658$1,033,394
60$1,053,341$897,562$854,909$1,064,367
61$1,111,252$892,013$834,018$1,097,266
62$1,173,510$884,631$810,868$1,132,289
63$1,240,508$875,279$785,333$1,169,653
64$1,312,681$863,809$757,283$1,209,603
65$1,390,503$850,064$726,580$1,252,407
66$1,474,497$833,879$693,083$1,298,364
67$1,565,236$815,080$656,642$1,347,804
68$1,663,351$793,480$617,100$1,401,096
69$1,769,535$768,883$574,296$1,458,644
70$1,884,551$741,081$528,058$1,520,899
71$2,009,236$709,855$478,208$1,588,359
72$2,144,511$674,971$424,561$1,661,577
73$2,291,390$636,183$366,923$1,741,163
74$2,450,987$593,231$305,090$1,827,794
75$2,624,527$545,840$238,850$1,922,217
76$2,813,361$493,717$167,983$2,025,261
77$3,018,971$436,557$92,258$2,137,842
78$3,242,990$374,032$11,433$2,260,972
79$3,487,216$305,801$0$2,395,772
80$3,753,627$231,500$0$2,566,632
81$4,044,399$150,746$0$2,757,049
82$4,361,929$63,133$0$2,965,082
83$4,708,854$0$0$3,192,490
84$5,088,079$0$0$3,444,362
85$5,502,801$0$0$3,726,708
86$5,956,541$0$0$4,035,681
87$6,453,174$0$0$4,373,927
88$6,996,969$0$0$4,744,363
89$7,592,627$0$0$5,150,198
90$8,245,324$0$0$5,594,969
91$8,960,761$0$0$6,082,569
92$9,745,216$0$0$6,617,288
93$10,605,605$0$0$7,203,848
94$11,549,545$0$0$7,847,452
95$12,585,425$0$0$8,553,831
96$13,722,487$0$0$9,329,298
97$14,970,909$0$0$10,180,807
98$16,341,905$0$0$11,116,017
99$17,847,828$0$0$12,143,367
100$19,502,284$0$0$13,272,152