Can I retire at age 58 with 860,000?

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 $860,000?

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$71,018$70,385$69,768$69,166$68,578$67,331
2 years$35,157$34,503$33,868$33,253$32,656$31,404
3 years$23,205$22,548$21,915$21,305$20,718$19,501
4 years$17,231$16,575$15,948$15,349$14,776$13,602
5 years$13,647$12,995$12,377$11,790$11,233$10,106
6 years$11,258$10,611$10,002$9,428$8,888$7,809
7 years$9,553$8,911$8,312$7,752$7,228$6,198
8 years$8,274$7,639$7,049$6,503$5,997$5,014
9 years$7,280$6,651$6,071$5,539$5,050$4,115
10 years$6,486$5,862$5,293$4,774$4,303$3,415
11 years$5,836$5,219$4,660$4,155$3,701$2,858
12 years$5,295$4,684$4,136$3,645$3,207$2,409
13 years$4,838$4,233$3,695$3,218$2,796$2,042
14 years$4,446$3,848$3,320$2,856$2,451$1,739
15 years$4,107$3,515$2,997$2,547$2,158$1,486
16 years$3,810$3,225$2,718$2,281$1,908$1,275
17 years$3,549$2,970$2,473$2,049$1,691$1,096
18 years$3,317$2,745$2,257$1,847$1,504$945
19 years$3,109$2,544$2,067$1,669$1,340$816
20 years$2,923$2,364$1,897$1,511$1,197$706
21 years$2,754$2,202$1,745$1,372$1,071$611
22 years$2,601$2,055$1,608$1,247$960$530
23 years$2,462$1,922$1,485$1,136$862$460
24 years$2,334$1,801$1,373$1,036$775$400
25 years$2,217$1,690$1,272$946$697$348
26 years$2,109$1,588$1,179$865$628$303
27 years$2,009$1,495$1,095$792$566$263
28 years$1,917$1,409$1,018$725$511$230
29 years$1,831$1,329$947$665$461$200
30 years$1,751$1,255$882$611$417$174
31 years$1,676$1,186$823$561$377$152
32 years$1,606$1,123$768$515$341$133
33 years$1,540$1,063$717$474$309$116
34 years$1,479$1,008$670$436$279$101
35 years$1,421$956$626$401$253$88
36 years$1,366$907$586$370$229$77
37 years$1,314$861$548$341$208$67
38 years$1,266$819$513$314$188$59
39 years$1,219$779$481$289$171$51
40 years$1,176$741$451$267$155$45
41 years$1,134$705$423$246$141$39
42 years$1,095$671$397$227$128$34
43 years$1,057$640$372$210$116$30
44 years$1,022$610$349$194$105$26
45 years$988$582$328$179$95$23
46 years$955$555$308$165$87$20
47 years$925$529$289$153$79$17
48 years$895$505$272$141$71$15
49 years$867$483$256$130$65$13
50 years$840$461$240$121$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $860,000, adding $3,007 every year, while hoping to spend $32,836 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: 74/6/20 Blend
57$860,000$860,000$860,000$860,000
58$950,822$905,242$891,912$1,016,446
59$1,012,868$914,661$886,854$1,069,829
60$1,080,143$923,442$880,525$1,124,029
61$1,153,145$931,518$872,850$1,182,578
62$1,232,422$938,818$863,747$1,245,905
63$1,318,577$945,268$853,130$1,314,477
64$1,412,274$950,789$840,913$1,388,813
65$1,514,243$955,295$827,000$1,469,484
66$1,625,288$958,696$811,297$1,557,120
67$1,746,291$960,896$793,699$1,652,413
68$1,878,227$961,794$774,102$1,756,130
69$2,022,165$961,281$752,393$1,869,113
70$2,179,284$959,242$728,457$1,992,292
71$2,350,881$955,555$702,170$2,126,693
72$2,538,385$950,091$673,407$2,273,445
73$2,743,367$942,712$642,033$2,433,794
74$2,967,558$933,273$607,908$2,609,114
75$3,212,864$921,618$570,888$2,800,920
76$3,481,384$907,585$530,821$3,010,881
77$3,775,428$891,000$487,546$3,240,839
78$4,097,541$871,679$440,899$3,492,821
79$4,450,527$849,427$390,705$3,769,067
80$4,837,470$824,038$336,783$4,072,042
81$5,261,770$795,295$278,944$4,404,466
82$5,727,172$762,966$216,990$4,769,336
83$6,237,799$726,807$150,715$5,169,959
84$6,798,194$686,559$79,903$5,609,976
85$7,413,359$641,950$4,329$6,093,406
86$8,088,806$592,689$0$6,624,674
87$8,830,606$538,473$0$7,224,951
88$9,645,447$478,977$0$7,885,374
89$10,540,696$413,861$0$8,611,005
90$11,524,470$342,764$0$9,408,439
91$12,605,712$265,304$0$10,284,944
92$13,794,270$181,080$0$11,248,528
93$15,100,999$89,666$0$12,308,014
94$16,537,856$0$0$13,473,123
95$18,118,013$0$0$14,755,188
96$19,855,985$0$0$16,171,849
97$21,767,763$0$0$17,730,226
98$23,870,966$0$0$19,444,686
99$26,185,007$0$0$21,331,060
100$28,731,275$0$0$23,406,789