Can I retire at age 58 with 867,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$71,596$70,958$70,336$69,729$69,136$67,410
2 years$35,444$34,783$34,144$33,523$32,922$31,194
3 years$23,394$22,731$22,093$21,479$20,887$19,211
4 years$17,371$16,710$16,078$15,474$14,897$13,286
5 years$13,758$13,101$12,477$11,886$11,324$9,783
6 years$11,350$10,698$10,084$9,505$8,961$7,490
7 years$9,631$8,984$8,379$7,815$7,287$5,888
8 years$8,342$7,701$7,106$6,556$6,046$4,716
9 years$7,340$6,705$6,121$5,584$5,091$3,831
10 years$6,539$5,910$5,336$4,813$4,338$3,146
11 years$5,884$5,261$4,698$4,189$3,731$2,605
12 years$5,338$4,722$4,169$3,674$3,233$2,172
13 years$4,877$4,268$3,725$3,244$2,819$1,820
14 years$4,482$3,879$3,347$2,880$2,471$1,532
15 years$4,140$3,544$3,022$2,568$2,176$1,294
16 years$3,841$3,251$2,740$2,299$1,923$1,097
17 years$3,578$2,994$2,493$2,066$1,705$931
18 years$3,344$2,767$2,276$1,862$1,516$793
19 years$3,135$2,564$2,083$1,682$1,351$676
20 years$2,947$2,383$1,912$1,524$1,207$577
21 years$2,777$2,220$1,759$1,383$1,080$494
22 years$2,623$2,072$1,621$1,257$968$422
23 years$2,482$1,938$1,497$1,145$869$362
24 years$2,353$1,816$1,384$1,044$781$310
25 years$2,235$1,704$1,282$954$703$266
26 years$2,126$1,601$1,189$872$633$229
27 years$2,026$1,507$1,104$798$571$196
28 years$1,932$1,420$1,026$731$515$169
29 years$1,846$1,340$955$671$465$145
30 years$1,765$1,265$890$616$420$125
31 years$1,689$1,196$829$565$380$107
32 years$1,619$1,132$774$520$344$92
33 years$1,553$1,072$723$478$311$79
34 years$1,491$1,016$675$440$282$68
35 years$1,432$963$631$405$255$59
36 years$1,377$914$590$373$231$51
37 years$1,325$868$553$343$209$44
38 years$1,276$825$518$316$190$37
39 years$1,229$785$485$292$172$32
40 years$1,185$747$454$269$156$28
41 years$1,144$711$426$248$142$24
42 years$1,104$677$400$229$129$21
43 years$1,066$645$375$212$117$18
44 years$1,030$615$352$195$106$15
45 years$996$586$331$180$96$13
46 years$963$559$311$167$87$11
47 years$932$534$292$154$79$10
48 years$902$510$274$142$72$8
49 years$874$487$258$131$65$7
50 years$846$465$242$122$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $867,000, adding $3,441 every year, while hoping to spend $52,298 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: 44/27/29 Blend
57$867,000$867,000$867,000$867,000
58$958,983$913,032$899,594$992,971
59$1,001,155$902,126$874,086$1,006,700
60$1,045,875$888,933$845,970$1,016,339
61$1,093,349$873,285$815,105$1,025,798
62$1,143,800$855,006$781,340$1,035,091
63$1,197,474$833,907$744,521$1,044,235
64$1,254,638$809,790$704,484$1,053,257
65$1,315,585$782,444$661,059$1,062,188
66$1,380,638$751,647$614,067$1,071,067
67$1,450,149$717,164$563,324$1,079,944
68$1,524,503$678,744$508,635$1,088,877
69$1,604,125$636,124$449,796$1,097,935
70$1,689,477$589,026$386,596$1,107,201
71$1,781,070$537,155$318,813$1,116,773
72$1,879,463$480,199$246,217$1,126,764
73$1,985,268$417,829$168,565$1,137,306
74$2,099,160$349,696$85,606$1,148,552
75$2,221,877$275,435$0$1,160,678
76$2,354,233$194,655$0$1,174,791
77$2,497,119$106,948$0$1,218,544
78$2,651,516$11,879$0$1,265,771
79$2,818,503$0$0$1,316,866
80$2,999,262$0$0$1,399,305
81$3,195,097$0$0$1,492,529
82$3,407,439$0$0$1,593,703
83$3,637,864$0$0$1,703,589
84$3,888,101$0$0$1,823,024
85$4,160,057$0$0$1,952,929
86$4,455,827$0$0$2,094,320
87$4,777,716$0$0$2,248,311
88$5,128,260$0$0$2,416,131
89$5,510,251$0$0$2,599,132
90$5,926,761$0$0$2,798,800
91$6,381,171$0$0$3,016,772
92$6,877,201$0$0$3,254,852
93$7,418,949$0$0$3,515,022
94$8,010,924$0$0$3,799,467
95$8,658,090$0$0$4,110,591
96$9,365,914$0$0$4,451,043
97$10,140,414$0$0$4,823,738
98$10,988,217$0$0$5,231,887
99$11,916,621$0$0$5,679,025
100$12,933,661$0$0$6,169,045