Can I retire at age 58 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$72,092$71,449$70,823$70,211$69,614$68,517
2 years$35,689$35,024$34,380$33,755$33,150$32,047
3 years$23,556$22,889$22,246$21,627$21,031$19,958
4 years$17,491$16,826$16,190$15,581$15,000$13,964
5 years$13,853$13,191$12,564$11,968$11,403$10,407
6 years$11,428$10,772$10,153$9,571$9,023$8,068
7 years$9,697$9,046$8,437$7,869$7,338$6,425
8 years$8,399$7,754$7,156$6,601$6,087$5,216
9 years$7,390$6,751$6,163$5,623$5,126$4,296
10 years$6,584$5,951$5,373$4,847$4,368$3,578
11 years$5,924$5,298$4,730$4,218$3,757$3,006
12 years$5,375$4,755$4,198$3,700$3,255$2,544
13 years$4,911$4,297$3,751$3,266$2,839$2,164
14 years$4,513$3,906$3,370$2,900$2,488$1,851
15 years$4,169$3,568$3,043$2,586$2,191$1,589
16 years$3,868$3,274$2,759$2,315$1,936$1,368
17 years$3,602$3,015$2,510$2,080$1,717$1,181
18 years$3,367$2,786$2,292$1,875$1,527$1,023
19 years$3,156$2,582$2,098$1,694$1,361$887
20 years$2,967$2,399$1,925$1,534$1,215$771
21 years$2,796$2,235$1,771$1,392$1,088$671
22 years$2,641$2,086$1,632$1,266$975$584
23 years$2,499$1,951$1,507$1,153$875$510
24 years$2,370$1,828$1,394$1,052$787$445
25 years$2,251$1,716$1,291$960$708$389
26 years$2,141$1,612$1,197$878$638$340
27 years$2,040$1,517$1,112$804$575$297
28 years$1,946$1,430$1,033$736$519$260
29 years$1,858$1,349$962$675$468$228
30 years$1,777$1,274$896$620$423$200
31 years$1,701$1,204$835$569$383$175
32 years$1,630$1,140$779$523$346$154
33 years$1,563$1,079$728$481$313$135
34 years$1,501$1,023$680$443$284$118
35 years$1,442$970$636$407$257$104
36 years$1,387$921$595$375$233$91
37 years$1,334$875$556$346$211$80
38 years$1,285$831$521$319$191$70
39 years$1,238$790$488$294$173$62
40 years$1,194$752$458$271$157$54
41 years$1,151$716$429$250$143$47
42 years$1,111$682$403$231$129$42
43 years$1,073$649$378$213$118$37
44 years$1,037$619$355$197$107$32
45 years$1,003$590$333$182$97$28
46 years$970$563$313$168$88$25
47 years$938$537$294$155$80$22
48 years$908$513$276$143$73$19
49 years$880$490$259$132$66$17
50 years$852$468$244$122$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $873,000, adding $4,505 every year, while hoping to spend $58,375 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: 39/46/15 Blend
57$873,000$873,000$873,000$873,000
58$966,693$920,424$906,892$999,885
59$1,003,185$903,414$875,163$1,006,937
60$1,041,443$883,614$840,414$1,008,570
61$1,081,585$860,826$802,482$1,009,082
62$1,123,740$834,840$761,199$1,008,400
63$1,168,047$805,433$716,385$1,006,450
64$1,214,659$772,370$667,855$1,003,154
65$1,263,741$735,403$615,414$998,435
66$1,315,472$694,267$558,860$992,210
67$1,370,049$648,685$497,981$984,396
68$1,427,685$598,362$432,555$974,911
69$1,488,614$542,987$362,350$963,667
70$1,553,090$482,231$287,126$950,578
71$1,621,390$415,745$206,630$935,556
72$1,693,819$343,163$120,599$918,515
73$1,770,707$264,097$28,758$899,367
74$1,852,417$178,136$0$878,025
75$1,939,346$84,847$0$865,490
76$2,031,929$0$0$856,226
77$2,130,641$0$0$853,812
78$2,236,001$0$0$897,144
79$2,348,582$0$0$943,518
80$2,469,008$0$0$993,200
81$2,597,964$0$0$1,046,483
82$2,736,204$0$0$1,103,689
83$2,884,551$0$0$1,165,169
84$3,043,911$0$0$1,231,310
85$3,215,278$0$0$1,302,538
86$3,399,742$0$0$1,379,318
87$3,598,502$0$0$1,462,163
88$3,812,872$0$0$1,551,637
89$4,044,299$0$0$1,648,357
90$4,294,370$0$0$1,753,004
91$4,564,832$0$0$1,866,325
92$4,857,603$0$0$1,989,142
93$5,174,791$0$0$2,122,359
94$5,518,717$0$0$2,266,969
95$5,891,930$0$0$2,424,066
96$6,297,236$0$0$2,594,850
97$6,737,719$0$0$2,780,647
98$7,216,774$0$0$2,982,910
99$7,738,134$0$0$3,203,240
100$8,305,909$0$0$3,443,401