Can I retire at age 58 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$71,926$71,286$70,661$70,051$69,455$68,108
2 years$35,607$34,944$34,301$33,678$33,074$31,722
3 years$23,502$22,836$22,195$21,578$20,983$19,670
4 years$17,451$16,787$16,152$15,546$14,965$13,699
5 years$13,821$13,161$12,535$11,941$11,377$10,162
6 years$11,402$10,747$10,130$9,549$9,002$7,840
7 years$9,675$9,025$8,418$7,851$7,321$6,212
8 years$8,380$7,736$7,139$6,586$6,073$5,017
9 years$7,374$6,736$6,149$5,610$5,115$4,110
10 years$6,569$5,937$5,361$4,836$4,358$3,404
11 years$5,911$5,286$4,720$4,208$3,748$2,844
12 years$5,363$4,744$4,189$3,691$3,248$2,392
13 years$4,900$4,287$3,742$3,259$2,832$2,024
14 years$4,503$3,897$3,362$2,893$2,483$1,720
15 years$4,159$3,560$3,036$2,580$2,186$1,467
16 years$3,859$3,266$2,752$2,310$1,932$1,255
17 years$3,594$3,008$2,505$2,076$1,713$1,077
18 years$3,359$2,780$2,286$1,870$1,523$926
19 years$3,149$2,576$2,093$1,690$1,358$798
20 years$2,960$2,394$1,921$1,531$1,213$689
21 years$2,790$2,230$1,767$1,389$1,085$595
22 years$2,635$2,081$1,628$1,263$973$515
23 years$2,494$1,947$1,504$1,150$873$446
24 years$2,364$1,824$1,391$1,049$785$387
25 years$2,246$1,712$1,288$958$706$336
26 years$2,136$1,609$1,194$876$636$291
27 years$2,035$1,514$1,109$802$574$253
28 years$1,941$1,427$1,031$735$518$220
29 years$1,854$1,346$960$674$467$191
30 years$1,773$1,271$894$618$422$166
31 years$1,697$1,202$833$568$382$145
32 years$1,626$1,137$777$522$345$126
33 years$1,560$1,077$726$480$313$110
34 years$1,497$1,020$678$442$283$95
35 years$1,439$968$634$407$256$83
36 years$1,383$919$593$374$232$72
37 years$1,331$873$555$345$210$63
38 years$1,282$829$520$318$191$55
39 years$1,235$788$487$293$173$48
40 years$1,191$750$457$270$157$42
41 years$1,149$714$428$249$142$36
42 years$1,109$680$402$230$129$32
43 years$1,071$648$377$213$117$28
44 years$1,035$618$354$196$106$24
45 years$1,000$589$332$181$97$21
46 years$968$562$312$167$88$18
47 years$936$536$293$155$80$16
48 years$906$512$275$143$72$14
49 years$878$489$259$132$66$12
50 years$850$467$243$122$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $871,000, adding $4,959 every year, while hoping to spend $34,309 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: 31/49/20 Blend
57$871,000$871,000$871,000$871,000
58$964,957$918,794$905,294$988,723
59$1,026,878$927,311$899,117$1,015,572
60$1,093,966$935,094$891,583$1,041,006
61$1,166,709$942,074$882,610$1,067,663
62$1,245,650$948,171$872,113$1,095,671
63$1,331,380$953,306$860,003$1,125,173
64$1,424,553$957,390$846,186$1,156,327
65$1,525,887$960,331$830,562$1,189,311
66$1,636,172$962,032$813,030$1,224,323
67$1,756,277$962,387$793,483$1,261,585
68$1,887,159$961,286$771,806$1,301,342
69$2,029,871$958,611$747,884$1,343,870
70$2,185,572$954,237$721,592$1,389,476
71$2,355,537$948,031$692,801$1,438,499
72$2,541,170$939,852$661,378$1,491,320
73$2,744,016$929,552$627,182$1,548,361
74$2,965,778$916,972$590,064$1,610,091
75$3,208,328$901,945$549,872$1,677,034
76$3,473,730$884,293$506,445$1,749,768
77$3,764,255$863,827$459,615$1,828,939
78$4,082,403$840,349$409,207$1,915,263
79$4,430,930$813,648$355,037$2,009,534
80$4,812,868$783,500$296,914$2,112,635
81$5,231,559$749,670$234,639$2,225,544
82$5,690,681$711,906$168,002$2,349,347
83$6,194,286$669,946$96,787$2,485,247
84$6,746,839$623,509$20,765$2,634,578
85$7,353,256$572,300$0$2,798,819
86$8,018,952$516,006$0$2,992,491
87$8,749,892$454,297$0$3,210,092
88$9,552,647$386,825$0$3,449,252
89$10,434,457$313,219$0$3,712,254
90$11,403,296$233,091$0$4,001,621
91$12,467,949$146,029$0$4,320,143
92$13,638,094$51,599$0$4,670,903
93$14,924,395$0$0$5,057,305
94$16,338,597$0$0$5,510,430
95$17,893,643$0$0$6,039,423
96$19,603,792$0$0$6,621,332
97$21,484,753$0$0$7,261,521
98$23,553,836$0$0$7,965,901
99$25,830,111$0$0$8,740,984
100$28,334,590$0$0$9,593,947