Can I retire at age 58 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$71,431$70,795$70,174$69,568$68,976$66,849
2 years$35,362$34,703$34,065$33,446$32,846$30,721
3 years$23,340$22,679$22,042$21,429$20,839$18,783
4 years$17,331$16,671$16,041$15,439$14,862$12,892
5 years$13,726$13,071$12,449$11,858$11,298$9,418
6 years$11,324$10,673$10,060$9,483$8,940$7,152
7 years$9,608$8,963$8,360$7,797$7,270$5,574
8 years$8,322$7,683$7,090$6,540$6,032$4,426
9 years$7,323$6,690$6,107$5,571$5,079$3,563
10 years$6,524$5,897$5,324$4,802$4,328$2,899
11 years$5,870$5,249$4,687$4,179$3,722$2,377
12 years$5,326$4,712$4,160$3,666$3,226$1,962
13 years$4,866$4,258$3,716$3,236$2,813$1,628
14 years$4,472$3,870$3,339$2,873$2,466$1,356
15 years$4,131$3,536$3,015$2,562$2,171$1,134
16 years$3,832$3,244$2,733$2,294$1,919$950
17 years$3,569$2,987$2,487$2,061$1,701$798
18 years$3,336$2,761$2,271$1,858$1,513$672
19 years$3,127$2,558$2,079$1,679$1,348$567
20 years$2,940$2,377$1,908$1,520$1,204$478
21 years$2,770$2,214$1,755$1,380$1,078$404
22 years$2,617$2,067$1,617$1,254$966$342
23 years$2,476$1,933$1,493$1,142$867$290
24 years$2,348$1,811$1,381$1,042$779$245
25 years$2,230$1,700$1,279$952$701$208
26 years$2,121$1,598$1,186$870$632$176
27 years$2,021$1,504$1,102$796$570$150
28 years$1,928$1,417$1,024$730$514$127
29 years$1,841$1,337$953$669$464$108
30 years$1,761$1,262$888$614$419$92
31 years$1,686$1,193$828$564$379$78
32 years$1,615$1,129$772$518$343$66
33 years$1,549$1,069$721$477$310$56
34 years$1,487$1,013$674$439$281$48
35 years$1,429$961$630$404$255$41
36 years$1,374$912$589$372$231$34
37 years$1,322$866$551$343$209$29
38 years$1,273$823$516$316$189$25
39 years$1,227$783$484$291$172$21
40 years$1,183$745$453$269$156$18
41 years$1,141$709$425$248$141$15
42 years$1,101$675$399$229$128$13
43 years$1,064$644$374$211$116$11
44 years$1,028$613$351$195$106$9
45 years$994$585$330$180$96$8
46 years$961$558$310$166$87$7
47 years$930$533$291$154$79$6
48 years$900$508$274$142$72$5
49 years$872$485$257$131$65$4
50 years$845$464$242$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $865,000, adding $6,379 every year, while hoping to spend $27,184 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: 58/25/17 Blend
57$865,000$865,000$865,000$865,000
58$959,810$913,965$900,557$1,010,876
59$1,028,787$929,826$901,803$1,062,079
60$1,103,889$945,552$902,178$1,114,341
61$1,185,711$961,110$901,627$1,170,694
62$1,274,909$976,461$900,087$1,231,536
63$1,372,206$991,563$897,497$1,297,307
64$1,478,396$1,006,375$893,788$1,368,492
65$1,594,354$1,020,848$888,890$1,445,624
66$1,721,041$1,034,933$882,732$1,529,294
67$1,859,519$1,048,576$875,235$1,620,152
68$2,010,953$1,061,720$866,319$1,718,913
69$2,176,630$1,074,304$855,900$1,826,369
70$2,357,963$1,086,262$843,889$1,943,392
71$2,556,511$1,097,524$830,195$2,070,942
72$2,773,989$1,108,016$814,720$2,210,080
73$3,012,285$1,117,659$797,363$2,361,974
74$3,273,482$1,126,368$778,019$2,527,914
75$3,559,870$1,134,053$756,575$2,709,321
76$3,873,973$1,140,618$732,916$2,907,764
77$4,218,571$1,145,961$706,922$3,124,970
78$4,596,726$1,149,973$678,464$3,362,847
79$5,011,810$1,152,540$647,411$3,623,496
80$5,467,539$1,153,538$613,623$3,909,235
81$5,968,004$1,152,838$576,956$4,222,622
82$6,517,714$1,150,301$537,258$4,566,473
83$7,121,636$1,145,780$494,370$4,943,898
84$7,785,239$1,139,120$448,129$5,358,324
85$8,514,552$1,130,156$398,359$5,813,529
86$9,316,214$1,118,711$344,882$6,313,680
87$10,197,541$1,104,601$287,508$6,863,370
88$11,166,591$1,087,628$226,042$7,467,665
89$12,232,246$1,067,583$160,276$8,132,150
90$13,404,287$1,044,247$89,997$8,862,982
91$14,693,493$1,017,384$14,981$9,666,951
92$16,111,740$986,747$0$10,551,539
93$17,672,113$952,073$0$11,536,804
94$19,389,029$913,085$0$12,623,705
95$21,278,373$869,489$0$13,819,599
96$23,357,647$820,974$0$15,135,590
97$25,646,137$767,211$0$16,583,919
98$28,165,092$707,854$0$18,178,076
99$30,937,926$642,534$0$19,932,930
100$33,990,440$570,863$0$21,864,868