Can I retire at age 58 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$71,348$70,713$70,093$69,488$68,897$68,092
2 years$35,321$34,663$34,026$33,407$32,808$31,998
3 years$23,313$22,653$22,017$21,404$20,815$20,025
4 years$17,311$16,652$16,023$15,421$14,845$14,081
5 years$13,710$13,055$12,434$11,845$11,285$10,549
6 years$11,311$10,661$10,049$9,472$8,930$8,223
7 years$9,597$8,953$8,350$7,788$7,262$6,585
8 years$8,313$7,674$7,082$6,533$6,025$5,377
9 years$7,314$6,682$6,100$5,565$5,074$4,455
10 years$6,516$5,890$5,318$4,797$4,323$3,733
11 years$5,863$5,243$4,682$4,175$3,718$3,156
12 years$5,320$4,706$4,155$3,662$3,222$2,687
13 years$4,860$4,253$3,712$3,233$2,810$2,302
14 years$4,467$3,866$3,335$2,870$2,463$1,981
15 years$4,126$3,531$3,011$2,559$2,168$1,712
16 years$3,828$3,240$2,730$2,291$1,916$1,485
17 years$3,565$2,984$2,484$2,059$1,699$1,291
18 years$3,332$2,757$2,268$1,855$1,511$1,126
19 years$3,124$2,555$2,076$1,677$1,347$984
20 years$2,936$2,375$1,905$1,518$1,203$861
21 years$2,767$2,212$1,753$1,378$1,076$755
22 years$2,614$2,065$1,615$1,253$965$663
23 years$2,474$1,931$1,491$1,141$866$582
24 years$2,345$1,809$1,379$1,041$779$513
25 years$2,228$1,698$1,278$951$701$451
26 years$2,119$1,596$1,185$869$631$398
27 years$2,019$1,502$1,100$795$569$351
28 years$1,926$1,415$1,023$729$513$310
29 years$1,839$1,335$952$668$464$273
30 years$1,759$1,261$887$613$419$241
31 years$1,684$1,192$827$563$379$213
32 years$1,613$1,128$771$518$343$189
33 years$1,547$1,068$720$476$310$167
34 years$1,485$1,012$673$438$281$148
35 years$1,427$960$629$403$254$131
36 years$1,372$911$588$371$230$116
37 years$1,320$865$551$342$209$102
38 years$1,271$823$516$315$189$91
39 years$1,225$782$483$291$172$80
40 years$1,181$744$453$268$156$71
41 years$1,140$708$425$247$141$63
42 years$1,100$675$398$228$128$56
43 years$1,062$643$374$211$116$49
44 years$1,027$613$351$195$106$44
45 years$992$584$329$180$96$39
46 years$960$557$309$166$87$34
47 years$929$532$291$153$79$30
48 years$899$508$273$142$72$27
49 years$871$485$257$131$65$24
50 years$844$463$241$121$59$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $864,000, adding $3,933 every year, while hoping to spend $53,566 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: 60/24/16 Blend
57$864,000$864,000$864,000$864,000
58$956,185$910,393$897,001$1,009,440
59$996,722$898,008$870,057$1,033,451
60$1,039,598$883,222$840,414$1,053,318
61$1,084,997$865,859$807,927$1,073,737
62$1,133,115$845,734$772,442$1,094,768
63$1,184,171$822,654$733,797$1,116,479
64$1,238,403$796,410$691,825$1,138,949
65$1,296,069$766,784$646,351$1,162,264
66$1,357,456$733,543$597,191$1,186,524
67$1,422,873$696,443$544,153$1,211,842
68$1,492,661$655,225$487,038$1,238,345
69$1,567,195$609,613$425,636$1,266,176
70$1,646,883$559,318$359,729$1,295,496
71$1,732,174$504,034$289,089$1,326,489
72$1,823,560$443,436$213,478$1,359,358
73$1,921,581$377,181$132,646$1,394,333
74$2,026,828$304,909$46,336$1,431,672
75$2,139,951$226,237$0$1,471,664
76$2,261,665$140,761$0$1,522,446
77$2,392,751$48,055$0$1,585,516
78$2,534,071$0$0$1,653,410
79$2,686,569$0$0$1,740,454
80$2,851,283$0$0$1,848,233
81$3,029,355$0$0$1,964,807
82$3,222,039$0$0$2,091,006
83$3,430,712$0$0$2,227,740
84$3,656,891$0$0$2,376,009
85$3,902,242$0$0$2,536,914
86$4,168,598$0$0$2,711,666
87$4,457,974$0$0$2,901,596
88$4,772,588$0$0$3,108,170
89$5,114,880$0$0$3,332,998
90$5,487,533$0$0$3,577,854
91$5,893,502$0$0$3,844,689
92$6,336,036$0$0$4,135,652
93$6,818,712$0$0$4,453,105
94$7,345,468$0$0$4,799,650
95$7,920,637$0$0$5,178,151
96$8,548,990$0$0$5,591,760
97$9,235,780$0$0$6,043,949
98$9,986,788$0$0$6,538,539
99$10,808,381$0$0$7,079,738
100$11,707,569$0$0$7,672,178