Can I retire at age 58 with 874,000?

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 $874,000?

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 years$72,174$71,531$70,904$70,292$69,694$67,982
2 years$35,730$35,064$34,419$33,794$33,188$31,473
3 years$23,583$22,915$22,272$21,652$21,056$19,392
4 years$17,511$16,845$16,208$15,599$15,017$13,418
5 years$13,869$13,207$12,578$11,982$11,416$9,885
6 years$11,441$10,784$10,165$9,582$9,033$7,572
7 years$9,708$9,057$8,447$7,878$7,346$5,956
8 years$8,409$7,763$7,164$6,608$6,094$4,774
9 years$7,399$6,759$6,170$5,629$5,132$3,881
10 years$6,591$5,958$5,379$4,852$4,373$3,188
11 years$5,931$5,304$4,736$4,223$3,761$2,642
12 years$5,381$4,761$4,203$3,704$3,259$2,204
13 years$4,916$4,302$3,755$3,270$2,842$1,848
14 years$4,518$3,911$3,374$2,903$2,491$1,557
15 years$4,174$3,572$3,046$2,589$2,194$1,316
16 years$3,872$3,278$2,762$2,318$1,939$1,116
17 years$3,607$3,019$2,513$2,083$1,719$948
18 years$3,371$2,789$2,294$1,877$1,528$808
19 years$3,160$2,585$2,100$1,696$1,362$689
20 years$2,970$2,402$1,927$1,536$1,217$589
21 years$2,799$2,238$1,773$1,394$1,089$504
22 years$2,644$2,089$1,634$1,268$976$432
23 years$2,502$1,953$1,509$1,154$876$370
24 years$2,372$1,830$1,395$1,053$788$318
25 years$2,253$1,718$1,292$962$709$273
26 years$2,144$1,614$1,199$879$638$234
27 years$2,042$1,519$1,113$805$576$201
28 years$1,948$1,432$1,035$737$519$173
29 years$1,861$1,351$963$676$469$149
30 years$1,779$1,275$897$620$424$128
31 years$1,703$1,206$836$570$383$110
32 years$1,632$1,141$780$524$346$95
33 years$1,565$1,080$728$482$314$82
34 years$1,503$1,024$681$443$284$70
35 years$1,444$971$636$408$257$61
36 years$1,388$922$595$376$233$52
37 years$1,336$876$557$346$211$45
38 years$1,286$832$522$319$191$39
39 years$1,239$791$489$294$174$33
40 years$1,195$753$458$271$157$29
41 years$1,153$717$430$250$143$25
42 years$1,113$682$403$231$130$21
43 years$1,075$650$378$213$118$18
44 years$1,038$620$355$197$107$16
45 years$1,004$591$333$182$97$14
46 years$971$564$313$168$88$12
47 years$940$538$294$155$80$10
48 years$910$514$276$143$73$9
49 years$881$490$260$133$66$8
50 years$853$469$244$123$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $874,000, adding $6,963 every year, while hoping to spend $25,357 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: 57/37/6 Blend
57$874,000$874,000$874,000$874,000
58$970,330$924,008$910,461$1,024,034
59$1,042,324$942,305$913,982$1,079,251
60$1,120,812$960,649$916,771$1,135,911
61$1,206,429$979,014$918,777$1,197,011
62$1,299,874$997,375$919,945$1,262,978
63$1,401,918$1,015,704$920,220$1,334,280
64$1,513,408$1,033,968$919,543$1,411,433
65$1,635,278$1,052,135$917,850$1,495,009
66$1,768,556$1,070,168$915,076$1,585,633
67$1,914,371$1,088,029$911,154$1,683,997
68$2,073,970$1,105,676$906,011$1,790,864
69$2,248,725$1,123,064$899,573$1,907,072
70$2,440,147$1,140,146$891,760$2,033,547
71$2,649,897$1,156,869$882,490$2,171,309
72$2,879,810$1,173,178$871,676$2,321,483
73$3,131,901$1,189,015$859,228$2,485,306
74$3,408,394$1,204,315$845,051$2,664,144
75$3,711,736$1,219,013$829,046$2,859,503
76$4,044,623$1,233,034$811,109$3,073,042
77$4,410,024$1,246,302$791,131$3,306,589
78$4,811,212$1,258,736$768,998$3,562,160
79$5,251,788$1,270,247$744,592$3,841,978
80$5,735,723$1,280,741$717,788$4,148,492
81$6,267,389$1,290,120$688,457$4,484,401
82$6,851,603$1,298,277$656,461$4,852,683
83$7,493,673$1,305,099$621,659$5,256,619
84$8,199,446$1,310,466$583,902$5,699,825
85$8,975,361$1,314,251$543,035$6,186,288
86$9,828,517$1,316,319$498,896$6,720,403
87$10,766,731$1,316,523$451,314$7,307,016
88$11,798,618$1,314,713$400,113$7,951,466
89$12,933,668$1,310,725$345,108$8,659,641
90$14,182,338$1,304,387$286,105$9,438,031
91$15,556,150$1,295,515$222,903$10,293,788
92$17,067,798$1,283,916$155,291$11,234,799
93$18,731,269$1,269,383$83,049$12,269,757
94$20,561,974$1,251,699$5,947$13,408,242
95$22,576,895$1,230,632$0$14,660,818
96$24,794,742$1,205,937$0$16,044,013
97$27,236,133$1,177,355$0$17,566,498
98$29,923,784$1,144,610$0$19,242,054
99$32,882,726$1,107,413$0$21,086,293
100$36,140,542$1,065,454$0$23,116,420