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%14.8%
1 years$71,513$70,876$70,255$69,648$69,056$67,689
2 years$35,403$34,743$34,104$33,485$32,884$31,513
3 years$23,367$22,705$22,068$21,454$20,863$19,530
4 years$17,351$16,691$16,060$15,456$14,880$13,595
5 years$13,742$13,086$12,463$11,872$11,311$10,079
6 years$11,337$10,685$10,072$9,494$8,950$7,772
7 years$9,619$8,974$8,370$7,806$7,279$6,154
8 years$8,332$7,692$7,098$6,548$6,039$4,967
9 years$7,331$6,697$6,114$5,577$5,085$4,067
10 years$6,531$5,903$5,330$4,808$4,333$3,367
11 years$5,877$5,255$4,693$4,184$3,726$2,811
12 years$5,332$4,717$4,165$3,670$3,229$2,363
13 years$4,871$4,263$3,721$3,240$2,816$1,998
14 years$4,477$3,875$3,343$2,876$2,468$1,696
15 years$4,135$3,540$3,018$2,565$2,173$1,446
16 years$3,837$3,248$2,737$2,297$1,921$1,237
17 years$3,574$2,991$2,490$2,064$1,703$1,060
18 years$3,340$2,764$2,273$1,860$1,514$911
19 years$3,131$2,561$2,081$1,680$1,350$785
20 years$2,943$2,380$1,910$1,522$1,206$677
21 years$2,774$2,217$1,757$1,381$1,079$584
22 years$2,620$2,070$1,619$1,256$967$505
23 years$2,479$1,936$1,495$1,144$868$437
24 years$2,351$1,814$1,383$1,043$780$379
25 years$2,233$1,702$1,281$953$702$328
26 years$2,124$1,599$1,188$871$632$285
27 years$2,023$1,505$1,103$797$570$247
28 years$1,930$1,418$1,025$731$515$215
29 years$1,843$1,338$954$670$465$186
30 years$1,763$1,264$889$615$420$162
31 years$1,687$1,195$828$565$380$141
32 years$1,617$1,130$773$519$343$122
33 years$1,551$1,070$722$477$311$106
34 years$1,489$1,015$674$439$281$93
35 years$1,430$962$630$404$255$81
36 years$1,375$913$590$372$231$70
37 years$1,323$867$552$343$209$61
38 years$1,274$824$517$316$190$53
39 years$1,228$784$484$291$172$46
40 years$1,184$746$454$269$156$40
41 years$1,142$710$426$248$142$35
42 years$1,103$676$399$229$128$31
43 years$1,065$644$375$211$117$27
44 years$1,029$614$352$195$106$23
45 years$995$586$330$180$96$20
46 years$962$559$310$166$87$18
47 years$931$533$291$154$79$15
48 years$901$509$274$142$72$13
49 years$873$486$257$131$65$12
50 years$846$464$242$121$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $866,000, adding $5,265 every year, while hoping to spend $28,445 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: 46/40/14 Blend
57$866,000$866,000$866,000$866,000
58$959,763$913,865$900,442$999,879
59$1,027,393$928,379$900,341$1,042,780
60$1,100,969$942,651$899,284$1,085,980
61$1,181,066$956,639$897,208$1,132,222
62$1,268,318$970,298$894,048$1,181,798
63$1,363,424$983,580$889,736$1,235,033
64$1,467,151$996,433$884,200$1,292,283
65$1,580,345$1,008,803$877,366$1,353,944
66$1,703,937$1,020,631$869,154$1,420,452
67$1,838,950$1,031,854$859,483$1,492,287
68$1,986,513$1,042,405$848,266$1,569,981
69$2,147,868$1,052,212$835,412$1,654,120
70$2,324,380$1,061,200$820,828$1,745,351
71$2,517,556$1,069,288$804,415$1,844,390
72$2,729,052$1,076,389$786,068$1,952,025
73$2,960,694$1,082,411$765,680$2,069,128
74$3,214,492$1,087,256$743,138$2,196,659
75$3,492,659$1,090,821$718,322$2,335,681
76$3,797,633$1,092,994$691,109$2,487,365
77$4,132,100$1,093,658$661,369$2,653,003
78$4,499,016$1,092,690$628,967$2,834,024
79$4,901,639$1,089,955$593,760$3,032,002
80$5,343,556$1,085,313$555,602$3,248,677
81$5,828,721$1,078,615$514,337$3,485,966
82$6,361,487$1,069,703$469,803$3,745,986
83$6,946,648$1,058,409$421,831$4,031,075
84$7,589,490$1,044,554$370,246$4,343,810
85$8,295,831$1,027,951$314,863$4,687,035
86$9,072,084$1,008,398$255,488$5,063,891
87$9,925,312$985,685$191,923$5,477,838
88$10,863,297$959,588$123,956$5,932,699
89$11,894,614$929,867$51,368$6,432,687
90$13,028,707$896,274$0$6,982,454
91$14,275,985$858,540$0$7,591,026
92$15,647,912$816,386$0$8,268,607
93$17,157,124$769,513$0$9,013,793
94$18,817,538$717,607$0$9,833,510
95$20,644,492$660,335$0$10,735,390
96$22,654,883$597,345$0$11,727,853
97$24,867,331$528,264$0$12,820,181
98$27,302,351$452,701$0$14,022,607
99$29,982,547$370,240$0$15,346,416
100$32,932,827$280,441$0$16,804,050