Can I retire at age 58 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$71,596$70,958$70,336$69,729$69,136$68,758
2 years$35,444$34,783$34,144$33,523$32,922$32,540
3 years$23,394$22,731$22,093$21,479$20,887$20,514
4 years$17,371$16,710$16,078$15,474$14,897$14,535
5 years$13,758$13,101$12,477$11,886$11,324$10,975
6 years$11,350$10,698$10,084$9,505$8,961$8,624
7 years$9,631$8,984$8,379$7,815$7,287$6,964
8 years$8,342$7,701$7,106$6,556$6,046$5,735
9 years$7,340$6,705$6,121$5,584$5,091$4,793
10 years$6,539$5,910$5,336$4,813$4,338$4,053
11 years$5,884$5,261$4,698$4,189$3,731$3,458
12 years$5,338$4,722$4,169$3,674$3,233$2,973
13 years$4,877$4,268$3,725$3,244$2,819$2,571
14 years$4,482$3,879$3,347$2,880$2,471$2,235
15 years$4,140$3,544$3,022$2,568$2,176$1,951
16 years$3,841$3,251$2,740$2,299$1,923$1,709
17 years$3,578$2,994$2,493$2,066$1,705$1,502
18 years$3,344$2,767$2,276$1,862$1,516$1,324
19 years$3,135$2,564$2,083$1,682$1,351$1,169
20 years$2,947$2,383$1,912$1,524$1,207$1,035
21 years$2,777$2,220$1,759$1,383$1,080$917
22 years$2,623$2,072$1,621$1,257$968$814
23 years$2,482$1,938$1,497$1,145$869$724
24 years$2,353$1,816$1,384$1,044$781$644
25 years$2,235$1,704$1,282$954$703$574
26 years$2,126$1,601$1,189$872$633$512
27 years$2,026$1,507$1,104$798$571$457
28 years$1,932$1,420$1,026$731$515$408
29 years$1,846$1,340$955$671$465$365
30 years$1,765$1,265$890$616$420$326
31 years$1,689$1,196$829$565$380$292
32 years$1,619$1,132$774$520$344$261
33 years$1,553$1,072$723$478$311$234
34 years$1,491$1,016$675$440$282$209
35 years$1,432$963$631$405$255$188
36 years$1,377$914$590$373$231$168
37 years$1,325$868$553$343$209$151
38 years$1,276$825$518$316$190$135
39 years$1,229$785$485$292$172$121
40 years$1,185$747$454$269$156$109
41 years$1,144$711$426$248$142$98
42 years$1,104$677$400$229$129$88
43 years$1,066$645$375$212$117$79
44 years$1,030$615$352$195$106$71
45 years$996$586$331$180$96$63
46 years$963$559$311$167$87$57
47 years$932$534$292$154$79$51
48 years$902$510$274$142$72$46
49 years$874$487$258$131$65$41
50 years$846$465$242$122$59$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $867,000, adding $5,417 every year, while hoping to spend $42,330 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: 41/41/18 Blend
57$867,000$867,000$867,000$867,000
58$961,022$915,071$901,632$995,123
59$1,014,007$914,870$886,798$1,019,656
60$1,070,978$913,241$870,048$1,041,677
61$1,132,297$910,069$851,274$1,064,624
62$1,198,361$905,232$830,361$1,088,605
63$1,269,606$898,601$807,191$1,113,739
64$1,346,513$890,039$781,638$1,140,160
65$1,429,607$879,401$753,573$1,168,019
66$1,519,467$866,532$722,858$1,197,488
67$1,616,731$851,270$689,352$1,228,756
68$1,722,097$833,442$652,905$1,262,038
69$1,836,336$812,865$613,362$1,297,575
70$1,960,292$789,346$570,559$1,335,634
71$2,094,896$762,678$524,327$1,376,516
72$2,241,171$732,645$474,488$1,420,557
73$2,400,243$699,017$420,856$1,468,133
74$2,573,350$661,551$363,237$1,519,663
75$2,761,855$619,991$301,429$1,575,614
76$2,967,258$574,063$235,220$1,636,507
77$3,191,207$523,482$164,389$1,702,925
78$3,435,521$467,943$88,706$1,775,512
79$3,702,196$407,124$7,931$1,854,992
80$3,993,435$340,688$0$1,942,164
81$4,311,659$268,275$0$2,052,953
82$4,659,534$189,507$0$2,175,922
83$5,039,998$103,984$0$2,310,699
84$5,456,283$11,284$0$2,458,562
85$5,911,948$0$0$2,620,929
86$6,410,913$0$0$2,839,539
87$6,957,495$0$0$3,084,699
88$7,556,448$0$0$3,353,464
89$8,213,006$0$0$3,648,199
90$8,932,936$0$0$3,971,505
91$9,722,588$0$0$4,326,252
92$10,588,958$0$0$4,715,597
93$11,539,748$0$0$5,143,019
94$12,583,448$0$0$5,612,351
95$13,729,403$0$0$6,127,814
96$14,987,914$0$0$6,694,059
97$16,370,322$0$0$7,316,208
98$17,889,127$0$0$7,999,907
99$19,558,093$0$0$8,751,373
100$21,392,390$0$0$9,577,456