Can I retire at age 58 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$72,339$71,695$71,066$70,453$69,853$68,810
2 years$35,812$35,145$34,498$33,871$33,264$32,214
3 years$23,637$22,967$22,323$21,702$21,104$20,082
4 years$17,551$16,883$16,245$15,635$15,051$14,064
5 years$13,901$13,237$12,607$12,009$11,442$10,493
6 years$11,468$10,809$10,188$9,604$9,054$8,143
7 years$9,730$9,077$8,466$7,896$7,363$6,492
8 years$8,428$7,781$7,180$6,624$6,108$5,277
9 years$7,416$6,775$6,184$5,642$5,144$4,351
10 years$6,606$5,972$5,392$4,863$4,383$3,628
11 years$5,945$5,316$4,747$4,233$3,770$3,052
12 years$5,394$4,771$4,213$3,713$3,267$2,586
13 years$4,928$4,312$3,764$3,278$2,849$2,203
14 years$4,529$3,919$3,382$2,909$2,497$1,886
15 years$4,183$3,581$3,053$2,595$2,199$1,621
16 years$3,881$3,285$2,768$2,323$1,943$1,398
17 years$3,615$3,025$2,519$2,087$1,723$1,209
18 years$3,378$2,796$2,299$1,881$1,532$1,048
19 years$3,167$2,591$2,105$1,700$1,365$911
20 years$2,977$2,408$1,932$1,540$1,220$792
21 years$2,806$2,243$1,777$1,397$1,091$690
22 years$2,650$2,093$1,638$1,270$978$603
23 years$2,508$1,958$1,512$1,157$878$526
24 years$2,378$1,834$1,399$1,055$789$460
25 years$2,258$1,722$1,295$964$710$403
26 years$2,148$1,618$1,201$881$640$353
27 years$2,047$1,523$1,116$807$577$309
28 years$1,952$1,435$1,037$739$520$271
29 years$1,865$1,354$965$678$470$238
30 years$1,783$1,278$899$622$425$209
31 years$1,707$1,208$838$571$384$183
32 years$1,636$1,143$782$525$347$161
33 years$1,569$1,083$730$483$314$141
34 years$1,506$1,026$682$444$285$124
35 years$1,447$973$638$409$258$109
36 years$1,391$924$597$377$234$96
37 years$1,339$878$558$347$212$84
38 years$1,289$834$523$320$192$74
39 years$1,242$793$490$295$174$65
40 years$1,198$754$459$272$158$57
41 years$1,155$718$431$251$143$50
42 years$1,115$684$404$232$130$44
43 years$1,077$652$379$214$118$39
44 years$1,041$621$356$197$107$34
45 years$1,006$592$334$182$97$30
46 years$973$565$314$168$88$27
47 years$942$539$295$156$80$23
48 years$912$515$277$144$73$21
49 years$883$492$260$133$66$18
50 years$855$470$245$123$60$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $876,000, adding $4,098 every year, while hoping to spend $25,288 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: 58/35/7 Blend
57$876,000$876,000$876,000$876,000
58$969,579$923,151$909,573$1,024,122
59$1,041,570$941,479$913,138$1,079,571
60$1,120,056$959,858$915,974$1,136,756
61$1,205,674$978,263$918,031$1,198,455
62$1,299,123$996,668$919,255$1,265,100
63$1,401,173$1,015,045$919,590$1,337,171
64$1,512,674$1,033,362$918,977$1,415,194
65$1,634,557$1,051,588$917,354$1,499,749
66$1,767,852$1,069,686$914,655$1,591,476
67$1,913,690$1,087,617$910,813$1,691,078
68$2,073,317$1,105,341$905,755$1,799,332
69$2,248,105$1,122,813$899,408$1,917,093
70$2,439,566$1,139,985$891,693$2,045,305
71$2,649,364$1,156,807$882,527$2,185,006
72$2,879,332$1,173,223$871,825$2,337,342
73$3,131,488$1,189,175$859,495$2,503,575
74$3,408,056$1,204,601$845,444$2,685,096
75$3,711,484$1,219,433$829,572$2,883,438
76$4,044,470$1,233,599$811,777$3,100,293
77$4,409,984$1,247,023$791,950$3,337,522
78$4,811,299$1,259,625$769,977$3,597,180
79$5,252,021$1,271,315$745,741$3,881,531
80$5,736,120$1,282,003$719,116$4,193,070
81$6,267,972$1,291,589$689,974$4,534,547
82$6,852,396$1,299,967$658,179$4,908,995
83$7,494,701$1,307,027$623,589$5,319,757
84$8,200,738$1,312,648$586,057$5,770,516
85$8,976,950$1,316,705$545,426$6,265,334
86$9,830,437$1,319,062$501,536$6,808,689
87$10,769,022$1,319,576$454,218$7,405,514
88$11,801,323$1,318,096$403,295$8,061,251
89$12,936,835$1,314,460$348,583$8,781,896
90$14,186,020$1,308,496$289,888$9,574,058
91$15,560,406$1,300,024$227,011$10,445,025
92$17,072,692$1,288,850$159,741$11,402,829
93$18,736,873$1,274,770$87,858$12,456,323
94$20,568,368$1,257,567$11,135$13,615,265
95$22,584,165$1,237,012$0$14,890,415
96$24,802,985$1,212,861$0$16,298,913
97$27,245,455$1,184,856$0$17,849,777
98$29,934,303$1,152,725$0$19,556,601
99$32,894,572$1,116,179$0$21,435,287
100$36,153,858$1,074,912$0$23,503,359