Can I retire at age 58 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$72,009$71,368$70,742$70,131$69,535$68,326
2 years$35,648$34,984$34,341$33,717$33,112$31,898
3 years$23,529$22,862$22,221$21,603$21,007$19,827
4 years$17,471$16,806$16,171$15,564$14,983$13,844
5 years$13,837$13,176$12,549$11,954$11,390$10,296
6 years$11,415$10,760$10,142$9,560$9,012$7,965
7 years$9,686$9,036$8,428$7,860$7,329$6,328
8 years$8,390$7,745$7,147$6,593$6,080$5,126
9 years$7,382$6,744$6,156$5,616$5,121$4,212
10 years$6,576$5,944$5,367$4,841$4,363$3,499
11 years$5,918$5,292$4,725$4,213$3,752$2,933
12 years$5,369$4,750$4,193$3,696$3,252$2,475
13 years$4,905$4,292$3,746$3,263$2,836$2,101
14 years$4,508$3,902$3,366$2,896$2,486$1,791
15 years$4,164$3,564$3,039$2,583$2,189$1,533
16 years$3,863$3,270$2,756$2,313$1,934$1,317
17 years$3,598$3,012$2,507$2,078$1,715$1,134
18 years$3,363$2,783$2,289$1,873$1,525$979
19 years$3,153$2,579$2,095$1,692$1,359$846
20 years$2,964$2,397$1,923$1,533$1,214$733
21 years$2,793$2,232$1,769$1,391$1,086$636
22 years$2,638$2,084$1,630$1,265$974$552
23 years$2,496$1,949$1,505$1,152$874$480
24 years$2,367$1,826$1,392$1,050$786$418
25 years$2,248$1,714$1,289$959$707$364
26 years$2,139$1,611$1,196$877$637$317
27 years$2,037$1,516$1,110$803$574$277
28 years$1,943$1,428$1,032$736$518$241
29 years$1,856$1,347$961$675$468$211
30 years$1,775$1,272$895$619$423$184
31 years$1,699$1,203$834$569$382$161
32 years$1,628$1,138$778$523$346$141
33 years$1,562$1,078$727$481$313$123
34 years$1,499$1,022$679$442$283$107
35 years$1,440$969$635$407$257$94
36 years$1,385$920$594$375$232$82
37 years$1,333$874$556$345$211$72
38 years$1,283$830$521$318$191$63
39 years$1,236$789$488$294$173$55
40 years$1,192$751$457$271$157$48
41 years$1,150$715$429$250$143$42
42 years$1,110$681$402$231$129$37
43 years$1,072$649$377$213$117$32
44 years$1,036$618$354$196$107$28
45 years$1,002$590$333$181$97$25
46 years$969$563$312$168$88$22
47 years$937$537$293$155$80$19
48 years$907$512$276$143$72$17
49 years$879$489$259$132$66$15
50 years$851$467$244$122$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $872,000, adding $3,632 every year, while hoping to spend $50,863 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: 78/14/8 Blend
57$872,000$872,000$872,000$872,000
58$964,690$918,474$904,958$1,038,585
59$1,008,971$909,362$881,157$1,078,496
60$1,056,063$898,098$854,853$1,115,298
61$1,106,201$884,524$825,909$1,154,164
62$1,159,639$868,471$794,183$1,195,278
63$1,216,656$849,760$759,522$1,238,841
64$1,277,560$828,203$721,771$1,285,076
65$1,342,684$803,599$680,764$1,334,228
66$1,412,399$775,735$636,330$1,386,569
67$1,487,106$744,389$588,289$1,442,397
68$1,567,248$709,321$536,454$1,502,043
69$1,653,311$670,282$480,630$1,565,872
70$1,745,829$627,005$420,610$1,634,285
71$1,845,385$579,210$356,182$1,707,727
72$1,952,622$526,600$287,123$1,786,688
73$2,068,247$468,860$213,198$1,871,710
74$2,193,033$405,660$134,166$1,963,390
75$2,327,834$336,648$49,771$2,062,388
76$2,473,584$261,455$0$2,169,433
77$2,631,312$179,689$0$2,288,767
78$2,802,150$90,937$0$2,422,597
79$2,987,339$0$0$2,567,674
80$3,188,249$0$0$2,725,913
81$3,406,381$0$0$2,912,952
82$3,643,390$0$0$3,116,202
83$3,901,096$0$0$3,337,227
84$4,181,498$0$0$3,577,746
85$4,486,801$0$0$3,839,652
86$4,819,426$0$0$4,125,026
87$5,182,040$0$0$4,436,162
88$5,577,578$0$0$4,775,581
89$6,009,271$0$0$5,146,058
90$6,480,675$0$0$5,550,650
91$6,995,702$0$0$5,992,722
92$7,558,664$0$0$6,475,975
93$8,174,304$0$0$7,004,488
94$8,847,846$0$0$7,582,750
95$9,585,041$0$0$8,215,705
96$10,392,224$0$0$8,908,796
97$11,276,369$0$0$9,668,018
98$12,245,157$0$0$10,499,972
99$13,307,048$0$0$11,411,928
100$14,471,357$0$0$12,411,894