Can I retire at age 58 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$71,513$70,876$70,255$69,648$69,056$67,579
2 years$35,403$34,743$34,104$33,485$32,884$31,403
3 years$23,367$22,705$22,068$21,454$20,863$19,424
4 years$17,351$16,691$16,060$15,456$14,880$13,494
5 years$13,742$13,086$12,463$11,872$11,311$9,983
6 years$11,337$10,685$10,072$9,494$8,950$7,681
7 years$9,619$8,974$8,370$7,806$7,279$6,069
8 years$8,332$7,692$7,098$6,548$6,039$4,887
9 years$7,331$6,697$6,114$5,577$5,085$3,992
10 years$6,531$5,903$5,330$4,808$4,333$3,296
11 years$5,877$5,255$4,693$4,184$3,726$2,745
12 years$5,332$4,717$4,165$3,670$3,229$2,302
13 years$4,871$4,263$3,721$3,240$2,816$1,941
14 years$4,477$3,875$3,343$2,876$2,468$1,644
15 years$4,135$3,540$3,018$2,565$2,173$1,397
16 years$3,837$3,248$2,737$2,297$1,921$1,191
17 years$3,574$2,991$2,490$2,064$1,703$1,019
18 years$3,340$2,764$2,273$1,860$1,514$873
19 years$3,131$2,561$2,081$1,680$1,350$749
20 years$2,943$2,380$1,910$1,522$1,206$644
21 years$2,774$2,217$1,757$1,381$1,079$555
22 years$2,620$2,070$1,619$1,256$967$478
23 years$2,479$1,936$1,495$1,144$868$412
24 years$2,351$1,814$1,383$1,043$780$356
25 years$2,233$1,702$1,281$953$702$308
26 years$2,124$1,599$1,188$871$632$266
27 years$2,023$1,505$1,103$797$570$230
28 years$1,930$1,418$1,025$731$515$199
29 years$1,843$1,338$954$670$465$172
30 years$1,763$1,264$889$615$420$149
31 years$1,687$1,195$828$565$380$129
32 years$1,617$1,130$773$519$343$112
33 years$1,551$1,070$722$477$311$97
34 years$1,489$1,015$674$439$281$84
35 years$1,430$962$630$404$255$73
36 years$1,375$913$590$372$231$63
37 years$1,323$867$552$343$209$55
38 years$1,274$824$517$316$190$48
39 years$1,228$784$484$291$172$41
40 years$1,184$746$454$269$156$36
41 years$1,142$710$426$248$142$31
42 years$1,103$676$399$229$128$27
43 years$1,065$644$375$211$117$23
44 years$1,029$614$352$195$106$20
45 years$995$586$330$180$96$18
46 years$962$559$310$166$87$15
47 years$931$533$291$154$79$13
48 years$901$509$274$142$72$12
49 years$873$486$257$131$65$10
50 years$846$464$242$121$59$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $866,000, adding $3,038 every year, while hoping to spend $24,251 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: 57/20/23 Blend
57$866,000$866,000$866,000$866,000
58$957,466$911,568$898,145$1,005,926
59$1,029,324$930,432$902,430$1,058,228
60$1,107,700$949,407$906,045$1,112,361
61$1,193,231$968,474$908,944$1,170,839
62$1,286,622$987,610$911,075$1,234,088
63$1,388,646$1,006,792$912,385$1,302,577
64$1,500,157$1,025,994$912,819$1,376,823
65$1,622,093$1,045,188$912,318$1,457,395
66$1,755,487$1,064,343$910,821$1,544,923
67$1,901,478$1,083,426$908,265$1,640,098
68$2,061,318$1,102,404$904,581$1,743,684
69$2,236,387$1,121,236$899,699$1,856,524
70$2,428,205$1,139,883$893,545$1,979,546
71$2,638,445$1,158,301$886,042$2,113,773
72$2,868,950$1,176,441$877,109$2,260,334
73$3,121,751$1,194,254$866,659$2,420,474
74$3,399,082$1,211,686$854,605$2,595,563
75$3,703,407$1,228,677$840,853$2,787,115
76$4,037,438$1,245,165$825,305$2,996,798
77$4,404,163$1,261,085$807,859$3,226,450
78$4,806,874$1,276,364$788,409$3,478,098
79$5,249,196$1,290,927$766,841$3,753,978
80$5,735,124$1,304,692$743,040$4,056,553
81$6,269,057$1,317,572$716,882$4,388,540
82$6,855,843$1,329,476$688,240$4,752,935
83$7,500,823$1,340,304$656,980$5,153,039
84$8,209,879$1,349,951$622,962$5,592,493
85$8,989,495$1,358,307$586,039$6,075,310
86$9,846,811$1,365,252$546,059$6,605,916
87$10,789,696$1,370,659$502,861$7,189,188
88$11,826,817$1,374,394$456,280$7,830,503
89$12,967,727$1,376,314$406,140$8,535,789
90$14,222,949$1,376,267$352,260$9,311,583
91$15,604,078$1,374,092$294,448$10,165,088
92$17,123,890$1,369,618$232,508$11,104,246
93$18,796,460$1,362,663$166,230$12,137,811
94$20,637,299$1,353,034$95,399$13,275,436
95$22,663,498$1,340,526$19,789$14,527,757
96$24,893,886$1,324,923$0$15,906,502
97$27,349,213$1,305,995$0$17,439,544
98$30,052,342$1,283,498$0$19,132,339
99$33,028,466$1,257,175$0$20,995,798
100$36,305,344$1,226,751$0$23,047,298