Can I retire at age 58 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$70,935$70,304$69,687$69,085$68,498$67,252
2 years$35,117$34,463$33,829$33,214$32,618$31,368
3 years$23,178$22,522$21,889$21,281$20,694$19,478
4 years$17,211$16,556$15,930$15,331$14,759$13,587
5 years$13,631$12,980$12,362$11,776$11,220$10,094
6 years$11,245$10,599$9,991$9,417$8,878$7,800
7 years$9,542$8,901$8,302$7,743$7,220$6,191
8 years$8,265$7,630$7,041$6,495$5,990$5,008
9 years$7,272$6,643$6,064$5,532$5,044$4,110
10 years$6,478$5,856$5,287$4,769$4,298$3,411
11 years$5,829$5,213$4,655$4,150$3,696$2,855
12 years$5,289$4,679$4,131$3,640$3,203$2,406
13 years$4,832$4,228$3,691$3,214$2,793$2,040
14 years$4,441$3,843$3,316$2,853$2,449$1,737
15 years$4,102$3,511$2,994$2,544$2,156$1,485
16 years$3,806$3,221$2,714$2,278$1,905$1,273
17 years$3,545$2,967$2,470$2,047$1,689$1,095
18 years$3,313$2,741$2,255$1,845$1,502$944
19 years$3,106$2,541$2,064$1,667$1,339$815
20 years$2,919$2,361$1,894$1,510$1,196$705
21 years$2,751$2,199$1,742$1,370$1,070$610
22 years$2,598$2,053$1,606$1,246$959$529
23 years$2,459$1,920$1,483$1,135$861$460
24 years$2,332$1,799$1,371$1,035$774$399
25 years$2,215$1,688$1,270$945$696$347
26 years$2,107$1,587$1,178$864$627$302
27 years$2,007$1,493$1,094$791$566$263
28 years$1,915$1,407$1,017$725$510$229
29 years$1,829$1,327$946$665$461$200
30 years$1,749$1,254$881$610$416$174
31 years$1,674$1,185$822$560$376$152
32 years$1,604$1,121$767$515$341$133
33 years$1,538$1,062$716$473$308$116
34 years$1,477$1,006$669$436$279$101
35 years$1,419$955$625$401$253$88
36 years$1,364$906$585$369$229$77
37 years$1,313$860$548$340$208$67
38 years$1,264$818$513$314$188$59
39 years$1,218$778$480$289$171$51
40 years$1,174$740$450$267$155$45
41 years$1,133$704$422$246$140$39
42 years$1,094$671$396$227$127$34
43 years$1,056$639$372$210$116$30
44 years$1,021$609$349$194$105$26
45 years$987$581$328$179$95$23
46 years$954$554$308$165$87$20
47 years$923$529$289$153$79$17
48 years$894$505$272$141$71$15
49 years$866$482$255$130$65$13
50 years$839$461$240$120$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $859,000, adding $4,177 every year, while hoping to spend $52,701 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: 68/22/10 Blend
57$859,000$859,000$859,000$859,000
58$950,927$905,400$892,085$1,013,372
59$991,848$893,691$865,896$1,043,669
60$1,035,176$879,642$837,064$1,070,063
61$1,081,103$863,082$805,444$1,097,541
62$1,129,834$843,832$770,885$1,126,201
63$1,181,597$821,701$733,231$1,156,153
64$1,236,641$796,485$692,315$1,187,520
65$1,295,237$767,971$647,965$1,220,437
66$1,357,682$735,932$600,003$1,255,058
67$1,424,301$700,129$548,239$1,291,550
68$1,495,452$660,307$492,477$1,330,104
69$1,571,525$616,200$432,512$1,370,929
70$1,652,950$567,522$368,130$1,414,258
71$1,740,195$513,975$299,107$1,460,353
72$1,833,776$455,241$225,209$1,509,501
73$1,934,260$390,986$146,191$1,562,025
74$2,042,266$320,856$61,800$1,618,281
75$2,158,476$244,477$0$1,678,668
76$2,283,638$161,454$0$1,746,640
77$2,418,574$71,370$0$1,826,907
78$2,564,187$0$0$1,913,442
79$2,721,468$0$0$2,013,226
80$2,891,508$0$0$2,139,824
81$3,075,503$0$0$2,276,854
82$3,274,772$0$0$2,425,302
83$3,490,762$0$0$2,586,252
84$3,725,064$0$0$2,760,897
85$3,979,430$0$0$2,950,547
86$4,255,785$0$0$3,156,645
87$4,556,247$0$0$3,380,777
88$4,883,148$0$0$3,624,688
89$5,239,050$0$0$3,890,299
90$5,626,776$0$0$4,179,723
91$6,049,431$0$0$4,495,285
92$6,510,430$0$0$4,839,546
93$7,013,537$0$0$5,215,321
94$7,562,890$0$0$5,625,714
95$8,163,047$0$0$6,074,137
96$8,819,026$0$0$6,564,349
97$9,536,350$0$0$7,100,488
98$10,321,101$0$0$7,687,111
99$11,179,976$0$0$8,329,233
100$12,120,349$0$0$9,032,381