Can I retire at age 58 with 864,000?

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 $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%14.8%
1 years$71,348$70,713$70,093$69,488$68,897$67,533
2 years$35,321$34,663$34,026$33,407$32,808$31,440
3 years$23,313$22,653$22,017$21,404$20,815$19,485
4 years$17,311$16,652$16,023$15,421$14,845$13,564
5 years$13,710$13,055$12,434$11,845$11,285$10,056
6 years$11,311$10,661$10,049$9,472$8,930$7,754
7 years$9,597$8,953$8,350$7,788$7,262$6,140
8 years$8,313$7,674$7,082$6,533$6,025$4,956
9 years$7,314$6,682$6,100$5,565$5,074$4,058
10 years$6,516$5,890$5,318$4,797$4,323$3,359
11 years$5,863$5,243$4,682$4,175$3,718$2,804
12 years$5,320$4,706$4,155$3,662$3,222$2,357
13 years$4,860$4,253$3,712$3,233$2,810$1,993
14 years$4,467$3,866$3,335$2,870$2,463$1,693
15 years$4,126$3,531$3,011$2,559$2,168$1,443
16 years$3,828$3,240$2,730$2,291$1,916$1,234
17 years$3,565$2,984$2,484$2,059$1,699$1,058
18 years$3,332$2,757$2,268$1,855$1,511$909
19 years$3,124$2,555$2,076$1,677$1,347$783
20 years$2,936$2,375$1,905$1,518$1,203$675
21 years$2,767$2,212$1,753$1,378$1,076$583
22 years$2,614$2,065$1,615$1,253$965$504
23 years$2,474$1,931$1,491$1,141$866$436
24 years$2,345$1,809$1,379$1,041$779$378
25 years$2,228$1,698$1,278$951$701$328
26 years$2,119$1,596$1,185$869$631$284
27 years$2,019$1,502$1,100$795$569$247
28 years$1,926$1,415$1,023$729$513$214
29 years$1,839$1,335$952$668$464$186
30 years$1,759$1,261$887$613$419$162
31 years$1,684$1,192$827$563$379$140
32 years$1,613$1,128$771$518$343$122
33 years$1,547$1,068$720$476$310$106
34 years$1,485$1,012$673$438$281$92
35 years$1,427$960$629$403$254$80
36 years$1,372$911$588$371$230$70
37 years$1,320$865$551$342$209$61
38 years$1,271$823$516$315$189$53
39 years$1,225$782$483$291$172$46
40 years$1,181$744$453$268$156$40
41 years$1,140$708$425$247$141$35
42 years$1,100$675$398$228$128$30
43 years$1,062$643$374$211$116$27
44 years$1,027$613$351$195$106$23
45 years$992$584$329$180$96$20
46 years$960$557$309$166$87$18
47 years$929$532$291$153$79$15
48 years$899$508$273$142$72$13
49 years$871$485$257$131$65$12
50 years$844$463$241$121$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $864,000, adding $3,516 every year, while hoping to spend $58,115 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: 53/26/21 Blend
57$864,000$864,000$864,000$864,000
58$955,755$909,963$896,571$1,000,721
59$991,408$892,717$864,772$1,014,773
60$1,028,750$872,678$829,960$1,023,706
61$1,067,891$849,649$791,973$1,032,189
62$1,108,953$823,419$750,641$1,040,200
63$1,152,065$793,765$705,786$1,047,716
64$1,197,370$760,454$657,224$1,054,714
65$1,245,022$723,235$604,761$1,061,176
66$1,295,187$681,847$548,194$1,067,084
67$1,348,050$636,011$487,312$1,072,423
68$1,403,808$585,433$421,894$1,077,180
69$1,462,679$529,802$351,710$1,081,349
70$1,524,898$468,788$276,518$1,084,925
71$1,590,724$402,045$196,068$1,087,910
72$1,660,439$329,206$110,097$1,090,311
73$1,734,349$249,883$18,331$1,092,143
74$1,812,791$163,666$0$1,093,429
75$1,896,133$70,123$0$1,112,037
76$1,984,777$0$0$1,135,717
77$2,079,162$0$0$1,169,408
78$2,179,771$0$0$1,226,754
79$2,287,130$0$0$1,287,998
80$2,401,819$0$0$1,353,476
81$2,524,470$0$0$1,423,558
82$2,655,777$0$0$1,498,646
83$2,796,503$0$0$1,579,186
84$2,947,483$0$0$1,665,662
85$3,109,634$0$0$1,758,608
86$3,283,961$0$0$1,858,611
87$3,471,570$0$0$1,966,314
88$3,673,674$0$0$2,082,424
89$3,891,604$0$0$2,207,717
90$4,126,824$0$0$2,343,045
91$4,380,942$0$0$2,489,347
92$4,655,726$0$0$2,647,651
93$4,953,117$0$0$2,819,091
94$5,275,251$0$0$3,004,911
95$5,624,476$0$0$3,206,481
96$6,003,373$0$0$3,425,305
97$6,414,781$0$0$3,663,040
98$6,861,823$0$0$3,921,506
99$7,347,935$0$0$4,202,709
100$7,876,896$0$0$4,508,853