Can I retire at age 58 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$71,101$70,467$69,849$69,246$68,657$66,116
2 years$35,198$34,543$33,907$33,291$32,694$30,162
3 years$23,232$22,574$21,940$21,330$20,742$18,300
4 years$17,251$16,594$15,967$15,367$14,794$12,459
5 years$13,663$13,010$12,391$11,803$11,246$9,026
6 years$11,271$10,624$10,014$9,439$8,898$6,794
7 years$9,564$8,922$8,322$7,761$7,237$5,247
8 years$8,284$7,648$7,057$6,510$6,004$4,127
9 years$7,289$6,659$6,078$5,545$5,056$3,290
10 years$6,493$5,869$5,299$4,780$4,308$2,650
11 years$5,843$5,225$4,665$4,160$3,705$2,150
12 years$5,301$4,690$4,140$3,649$3,211$1,756
13 years$4,843$4,238$3,699$3,221$2,800$1,441
14 years$4,451$3,852$3,324$2,860$2,454$1,187
15 years$4,111$3,519$3,001$2,550$2,161$981
16 years$3,815$3,229$2,721$2,284$1,910$813
17 years$3,553$2,974$2,476$2,052$1,693$675
18 years$3,321$2,748$2,260$1,849$1,506$562
19 years$3,113$2,547$2,069$1,671$1,342$468
20 years$2,926$2,366$1,899$1,513$1,199$390
21 years$2,758$2,204$1,747$1,373$1,073$326
22 years$2,605$2,058$1,610$1,249$962$272
23 years$2,465$1,924$1,486$1,137$863$227
24 years$2,337$1,803$1,375$1,037$776$190
25 years$2,220$1,692$1,273$947$698$159
26 years$2,112$1,590$1,181$866$629$133
27 years$2,012$1,497$1,096$793$567$112
28 years$1,919$1,410$1,019$726$512$94
29 years$1,833$1,330$949$666$462$78
30 years$1,753$1,256$884$611$417$66
31 years$1,678$1,188$824$561$377$55
32 years$1,608$1,124$769$516$341$46
33 years$1,542$1,064$718$474$309$39
34 years$1,480$1,009$670$437$280$32
35 years$1,422$957$627$402$253$27
36 years$1,367$908$586$370$230$23
37 years$1,316$862$549$341$208$19
38 years$1,267$820$514$314$189$16
39 years$1,221$779$482$290$171$13
40 years$1,177$742$451$267$155$11
41 years$1,136$706$423$247$141$9
42 years$1,096$672$397$228$128$8
43 years$1,059$641$373$210$116$7
44 years$1,023$611$350$194$105$6
45 years$989$582$328$179$96$5
46 years$957$555$308$165$87$4
47 years$926$530$290$153$79$3
48 years$896$506$272$141$72$3
49 years$868$483$256$131$65$2
50 years$841$462$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $861,000, adding $3,783 every year, while hoping to spend $25,069 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$861,000$861,000$861,000$861,000
58$952,724$907,091$893,746$1,004,145
59$1,023,229$924,865$897,013$1,057,339
60$1,100,085$942,670$899,549$1,112,356
61$1,183,913$960,481$901,304$1,171,906
62$1,275,398$978,271$902,224$1,236,436
63$1,375,293$996,010$902,252$1,306,443
64$1,484,425$1,013,667$901,330$1,382,471
65$1,603,708$1,031,208$899,396$1,465,122
66$1,734,146$1,048,597$896,385$1,555,060
67$1,876,844$1,065,793$892,230$1,653,016
68$2,033,021$1,082,756$886,858$1,759,797
69$2,204,017$1,099,439$880,196$1,876,292
70$2,391,309$1,115,794$872,165$2,003,483
71$2,596,523$1,131,768$862,683$2,142,451
72$2,821,450$1,147,306$851,664$2,294,389
73$3,068,061$1,162,348$839,019$2,460,611
74$3,338,530$1,176,830$824,653$2,642,569
75$3,635,250$1,190,683$808,467$2,841,860
76$3,960,854$1,203,836$790,360$3,060,247
77$4,318,247$1,216,209$770,223$3,299,675
78$4,710,625$1,227,720$747,942$3,562,286
79$5,141,511$1,238,281$723,401$3,850,443
80$5,614,785$1,247,797$696,475$4,166,752
81$6,134,722$1,256,168$667,035$4,514,085
82$6,706,030$1,263,286$634,947$4,895,609
83$7,333,896$1,269,039$600,070$5,314,815
84$8,024,037$1,273,305$562,255$5,775,553
85$8,782,747$1,275,955$521,349$6,282,065
86$9,616,964$1,276,854$477,191$6,839,031
87$10,534,330$1,275,855$429,612$7,451,608
88$11,543,265$1,272,806$378,438$8,125,482
89$12,653,046$1,267,541$323,483$8,866,921
90$13,873,894$1,259,888$264,558$9,682,835
91$15,217,072$1,249,663$201,460$10,580,841
92$16,694,986$1,236,670$133,983$11,569,335
93$18,321,310$1,220,701$61,906$12,657,576
94$20,111,107$1,201,539$0$13,855,765
95$22,080,976$1,178,950$0$15,179,797
96$24,249,204$1,152,688$0$16,658,168
97$26,635,946$1,122,493$0$18,285,445
98$29,263,405$1,088,087$0$20,076,775
99$32,156,048$1,049,179$0$22,048,845
100$35,340,835$1,005,459$0$24,220,046