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%13%
1 years$71,513$70,876$70,255$69,648$69,056$68,193
2 years$35,403$34,743$34,104$33,485$32,884$32,016
3 years$23,367$22,705$22,068$21,454$20,863$20,016
4 years$17,351$16,691$16,060$15,456$14,880$14,061
5 years$13,742$13,086$12,463$11,872$11,311$10,523
6 years$11,337$10,685$10,072$9,494$8,950$8,194
7 years$9,619$8,974$8,370$7,806$7,279$6,554
8 years$8,332$7,692$7,098$6,548$6,039$5,345
9 years$7,331$6,697$6,114$5,577$5,085$4,424
10 years$6,531$5,903$5,330$4,808$4,333$3,702
11 years$5,877$5,255$4,693$4,184$3,726$3,126
12 years$5,332$4,717$4,165$3,670$3,229$2,659
13 years$4,871$4,263$3,721$3,240$2,816$2,274
14 years$4,477$3,875$3,343$2,876$2,468$1,955
15 years$4,135$3,540$3,018$2,565$2,173$1,687
16 years$3,837$3,248$2,737$2,297$1,921$1,461
17 years$3,574$2,991$2,490$2,064$1,703$1,269
18 years$3,340$2,764$2,273$1,860$1,514$1,105
19 years$3,131$2,561$2,081$1,680$1,350$964
20 years$2,943$2,380$1,910$1,522$1,206$842
21 years$2,774$2,217$1,757$1,381$1,079$737
22 years$2,620$2,070$1,619$1,256$967$646
23 years$2,479$1,936$1,495$1,144$868$567
24 years$2,351$1,814$1,383$1,043$780$498
25 years$2,233$1,702$1,281$953$702$438
26 years$2,124$1,599$1,188$871$632$386
27 years$2,023$1,505$1,103$797$570$340
28 years$1,930$1,418$1,025$731$515$299
29 years$1,843$1,338$954$670$465$264
30 years$1,763$1,264$889$615$420$233
31 years$1,687$1,195$828$565$380$205
32 years$1,617$1,130$773$519$343$181
33 years$1,551$1,070$722$477$311$160
34 years$1,489$1,015$674$439$281$141
35 years$1,430$962$630$404$255$125
36 years$1,375$913$590$372$231$110
37 years$1,323$867$552$343$209$97
38 years$1,274$824$517$316$190$86
39 years$1,228$784$484$291$172$76
40 years$1,184$746$454$269$156$67
41 years$1,142$710$426$248$142$59
42 years$1,103$676$399$229$128$53
43 years$1,065$644$375$211$117$47
44 years$1,029$614$352$195$106$41
45 years$995$586$330$180$96$36
46 years$962$559$310$166$87$32
47 years$931$533$291$154$79$28
48 years$901$509$274$142$72$25
49 years$873$486$257$131$65$22
50 years$846$464$242$121$59$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $866,000, adding $2,534 every year, while hoping to spend $37,367 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: 49/26/25 Blend
57$866,000$866,000$866,000$866,000
58$956,946$911,048$897,625$996,949
59$1,014,796$915,931$887,937$1,030,028
60$1,077,295$919,801$876,672$1,062,010
61$1,144,876$922,569$863,738$1,096,008
62$1,218,019$924,140$849,039$1,132,228
63$1,297,247$924,413$832,472$1,170,902
64$1,383,139$923,282$813,933$1,212,284
65$1,476,330$920,633$793,310$1,256,658
66$1,577,517$916,346$770,487$1,304,339
67$1,687,470$910,293$745,344$1,355,674
68$1,807,032$902,338$717,754$1,411,051
69$1,937,135$892,337$687,584$1,470,899
70$2,078,800$880,139$654,695$1,535,692
71$2,233,153$865,582$618,943$1,605,957
72$2,401,433$848,494$580,177$1,682,278
73$2,585,004$828,695$538,237$1,765,299
74$2,785,365$805,992$492,959$1,855,737
75$3,004,169$780,182$444,170$1,954,383
76$3,243,234$751,051$391,689$2,062,115
77$3,504,562$718,370$335,329$2,179,902
78$3,790,357$681,899$274,892$2,308,819
79$4,103,045$641,384$210,172$2,450,052
80$4,445,298$596,555$140,956$2,604,917
81$4,820,059$547,127$67,018$2,774,867
82$5,230,568$492,799$0$2,961,509
83$5,680,393$433,253$0$3,169,790
84$6,173,464$368,153$0$3,417,790
85$6,714,109$297,144$0$3,689,851
86$7,307,094$219,851$0$3,988,445
87$7,957,671$135,877$0$4,316,298
88$8,671,622$44,803$0$4,676,419
89$9,455,318$0$0$5,072,126
90$10,315,774$0$0$5,522,476
91$11,260,722$0$0$6,031,223
92$12,298,676$0$0$6,590,143
93$13,439,016$0$0$7,204,300
94$14,692,076$0$0$7,879,274
95$16,069,240$0$0$8,621,209
96$17,583,049$0$0$9,436,876
97$19,247,322$0$0$10,333,735
98$21,077,280$0$0$11,320,004
99$23,089,697$0$0$12,404,737
100$25,303,049$0$0$13,597,911