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%17.2%
1 years$71,513$70,876$70,255$69,648$69,056$67,034
2 years$35,403$34,743$34,104$33,485$32,884$30,863
3 years$23,367$22,705$22,068$21,454$20,863$18,906
4 years$17,351$16,691$16,060$15,456$14,880$13,003
5 years$13,742$13,086$12,463$11,872$11,311$9,519
6 years$11,337$10,685$10,072$9,494$8,950$7,244
7 years$9,619$8,974$8,370$7,806$7,279$5,659
8 years$8,332$7,692$7,098$6,548$6,039$4,504
9 years$7,331$6,697$6,114$5,577$5,085$3,635
10 years$6,531$5,903$5,330$4,808$4,333$2,964
11 years$5,877$5,255$4,693$4,184$3,726$2,437
12 years$5,332$4,717$4,165$3,670$3,229$2,017
13 years$4,871$4,263$3,721$3,240$2,816$1,678
14 years$4,477$3,875$3,343$2,876$2,468$1,402
15 years$4,135$3,540$3,018$2,565$2,173$1,175
16 years$3,837$3,248$2,737$2,297$1,921$988
17 years$3,574$2,991$2,490$2,064$1,703$832
18 years$3,340$2,764$2,273$1,860$1,514$703
19 years$3,131$2,561$2,081$1,680$1,350$594
20 years$2,943$2,380$1,910$1,522$1,206$503
21 years$2,774$2,217$1,757$1,381$1,079$427
22 years$2,620$2,070$1,619$1,256$967$362
23 years$2,479$1,936$1,495$1,144$868$308
24 years$2,351$1,814$1,383$1,043$780$261
25 years$2,233$1,702$1,281$953$702$222
26 years$2,124$1,599$1,188$871$632$189
27 years$2,023$1,505$1,103$797$570$161
28 years$1,930$1,418$1,025$731$515$137
29 years$1,843$1,338$954$670$465$117
30 years$1,763$1,264$889$615$420$99
31 years$1,687$1,195$828$565$380$85
32 years$1,617$1,130$773$519$343$72
33 years$1,551$1,070$722$477$311$62
34 years$1,489$1,015$674$439$281$53
35 years$1,430$962$630$404$255$45
36 years$1,375$913$590$372$231$38
37 years$1,323$867$552$343$209$33
38 years$1,274$824$517$316$190$28
39 years$1,228$784$484$291$172$24
40 years$1,184$746$454$269$156$20
41 years$1,142$710$426$248$142$17
42 years$1,103$676$399$229$128$15
43 years$1,065$644$375$211$117$13
44 years$1,029$614$352$195$106$11
45 years$995$586$330$180$96$9
46 years$962$559$310$166$87$8
47 years$931$533$291$154$79$7
48 years$901$509$274$142$72$6
49 years$873$486$257$131$65$5
50 years$846$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 $866,000, adding $4,937 every year, while hoping to spend $45,830 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: 56/34/10 Blend
57$866,000$866,000$866,000$866,000
58$959,425$913,527$900,104$1,010,531
59$1,008,523$909,527$881,494$1,041,635
60$1,061,094$903,795$860,725$1,070,005
61$1,117,442$896,197$837,677$1,099,809
62$1,177,904$886,593$812,221$1,131,191
63$1,242,846$874,833$784,227$1,164,311
64$1,312,674$860,758$753,557$1,199,348
65$1,387,831$844,199$720,065$1,236,499
66$1,468,804$824,979$683,601$1,275,988
67$1,556,127$802,908$644,007$1,318,061
68$1,650,389$777,787$601,118$1,362,992
69$1,752,235$749,405$554,762$1,411,086
70$1,862,375$717,538$504,758$1,462,683
71$1,981,589$681,948$450,919$1,518,161
72$2,110,733$642,386$393,047$1,577,939
73$2,250,752$598,587$330,938$1,642,485
74$2,402,681$550,271$264,377$1,712,314
75$2,567,661$497,141$193,140$1,788,004
76$2,746,946$438,884$116,994$1,870,192
77$2,941,916$375,171$35,695$1,959,586
78$3,154,089$305,651$0$2,056,973
79$3,385,134$229,956$0$2,168,673
80$3,636,890$147,696$0$2,294,622
81$3,911,378$58,459$0$2,432,110
82$4,210,825$0$0$2,582,355
83$4,537,682$0$0$2,760,992
84$4,894,644$0$0$2,980,043
85$5,284,681$0$0$3,219,466
86$5,711,062$0$0$3,481,276
87$6,177,384$0$0$3,767,695
88$6,687,612$0$0$4,081,165
89$7,246,106$0$0$4,424,377
90$7,857,673$0$0$4,800,296
91$8,527,601$0$0$5,212,184
92$9,261,719$0$0$5,663,636
93$10,066,442$0$0$6,158,610
94$10,948,837$0$0$6,701,466
95$11,916,689$0$0$7,297,005
96$12,978,571$0$0$7,950,517
97$14,143,925$0$0$8,667,828
98$15,423,154$0$0$9,455,355
99$16,827,716$0$0$10,320,167
100$18,370,232$0$0$11,270,051