Can I retire at age 58 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$71,679$71,040$70,417$69,809$69,216$68,379
2 years$35,484$34,824$34,183$33,562$32,960$32,118
3 years$23,421$22,758$22,119$21,504$20,911$20,090
4 years$17,391$16,729$16,097$15,492$14,914$14,120
5 years$13,774$13,116$12,492$11,899$11,337$10,573
6 years$11,363$10,710$10,095$9,516$8,971$8,237
7 years$9,642$8,994$8,389$7,824$7,296$6,592
8 years$8,351$7,710$7,115$6,563$6,052$5,380
9 years$7,348$6,713$6,128$5,590$5,097$4,455
10 years$6,546$5,917$5,342$4,819$4,343$3,730
11 years$5,890$5,268$4,703$4,194$3,735$3,152
12 years$5,344$4,728$4,174$3,679$3,237$2,682
13 years$4,883$4,273$3,729$3,248$2,823$2,296
14 years$4,487$3,884$3,351$2,883$2,474$1,975
15 years$4,145$3,548$3,025$2,571$2,178$1,706
16 years$3,846$3,255$2,743$2,302$1,925$1,478
17 years$3,582$2,998$2,496$2,068$1,707$1,285
18 years$3,348$2,770$2,278$1,864$1,518$1,119
19 years$3,138$2,567$2,086$1,684$1,353$977
20 years$2,950$2,386$1,914$1,525$1,208$855
21 years$2,780$2,222$1,761$1,384$1,081$749
22 years$2,626$2,074$1,623$1,259$969$657
23 years$2,485$1,940$1,498$1,146$870$577
24 years$2,356$1,818$1,386$1,046$782$507
25 years$2,238$1,706$1,283$955$704$446
26 years$2,129$1,603$1,190$873$634$393
27 years$2,028$1,509$1,105$799$572$346
28 years$1,935$1,422$1,028$732$516$305
29 years$1,848$1,341$956$671$466$269
30 years$1,767$1,267$891$616$421$238
31 years$1,691$1,197$830$566$380$210
32 years$1,621$1,133$775$520$344$186
33 years$1,554$1,073$723$478$311$164
34 years$1,492$1,017$676$440$282$145
35 years$1,434$965$632$405$255$128
36 years$1,379$915$591$373$231$113
37 years$1,327$870$553$344$210$100
38 years$1,277$826$518$317$190$89
39 years$1,231$786$485$292$172$78
40 years$1,187$748$455$269$156$69
41 years$1,145$712$427$249$142$61
42 years$1,105$678$400$229$129$54
43 years$1,067$646$376$212$117$48
44 years$1,031$616$353$196$106$43
45 years$997$587$331$181$96$38
46 years$964$560$311$167$87$33
47 years$933$534$292$154$79$30
48 years$903$510$274$142$72$26
49 years$875$487$258$132$65$23
50 years$847$465$243$122$59$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $868,000, adding $5,403 every year, while hoping to spend $44,758 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: 45/41/14 Blend
57$868,000$868,000$868,000$868,000
58$962,109$916,105$902,651$1,001,328
59$1,012,622$913,372$885,268$1,026,447
60$1,066,787$909,005$865,802$1,048,719
61$1,124,930$902,877$844,137$1,071,891
62$1,187,407$894,852$820,150$1,096,064
63$1,254,611$884,788$793,713$1,121,353
64$1,326,971$872,532$764,692$1,147,886
65$1,404,960$857,924$732,947$1,175,808
66$1,489,097$840,793$698,332$1,205,283
67$1,579,952$820,960$660,693$1,236,494
68$1,678,151$798,231$619,871$1,269,645
69$1,784,385$772,406$575,698$1,304,968
70$1,899,408$743,270$528,000$1,342,720
71$2,024,053$710,596$476,594$1,383,191
72$2,159,237$674,145$421,290$1,426,702
73$2,305,963$633,663$361,887$1,473,617
74$2,465,340$588,881$298,180$1,524,338
75$2,638,585$539,517$229,949$1,579,315
76$2,827,037$485,269$156,968$1,639,052
77$3,032,170$425,822$79,001$1,704,108
78$3,255,604$360,841$0$1,775,108
79$3,499,125$289,971$0$1,853,376
80$3,764,695$212,839$0$1,951,692
81$4,054,476$129,050$0$2,059,145
82$4,370,847$38,188$0$2,176,735
83$4,716,427$0$0$2,305,571
84$5,094,098$0$0$2,474,037
85$5,507,034$0$0$2,677,170
86$5,958,730$0$0$2,899,472
87$6,453,033$0$0$3,142,850
88$6,994,180$0$0$3,409,403
89$7,586,836$0$0$3,701,442
90$8,236,140$0$0$4,021,515
91$8,947,750$0$0$4,372,424
92$9,727,897$0$0$4,757,259
93$10,583,444$0$0$5,179,420
94$11,521,951$0$0$5,642,655
95$12,551,744$0$0$6,151,090
96$13,681,994$0$0$6,709,272
97$14,922,804$0$0$7,322,207
98$16,285,302$0$0$7,995,413
99$17,781,747$0$0$8,734,965
100$19,425,642$0$0$9,547,558