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%16.7%
1 years$72,339$71,695$71,066$70,453$69,853$67,944
2 years$35,812$35,145$34,498$33,871$33,264$31,354
3 years$23,637$22,967$22,323$21,702$21,104$19,254
4 years$17,551$16,883$16,245$15,635$15,051$13,275
5 years$13,901$13,237$12,607$12,009$11,442$9,744
6 years$11,468$10,809$10,188$9,604$9,054$7,436
7 years$9,730$9,077$8,466$7,896$7,363$5,825
8 years$8,428$7,781$7,180$6,624$6,108$4,650
9 years$7,416$6,775$6,184$5,642$5,144$3,764
10 years$6,606$5,972$5,392$4,863$4,383$3,079
11 years$5,945$5,316$4,747$4,233$3,770$2,540
12 years$5,394$4,771$4,213$3,713$3,267$2,109
13 years$4,928$4,312$3,764$3,278$2,849$1,760
14 years$4,529$3,919$3,382$2,909$2,497$1,476
15 years$4,183$3,581$3,053$2,595$2,199$1,241
16 years$3,881$3,285$2,768$2,323$1,943$1,047
17 years$3,615$3,025$2,519$2,087$1,723$886
18 years$3,378$2,796$2,299$1,881$1,532$751
19 years$3,167$2,591$2,105$1,700$1,365$637
20 years$2,977$2,408$1,932$1,540$1,220$542
21 years$2,806$2,243$1,777$1,397$1,091$461
22 years$2,650$2,093$1,638$1,270$978$393
23 years$2,508$1,958$1,512$1,157$878$335
24 years$2,378$1,834$1,399$1,055$789$286
25 years$2,258$1,722$1,295$964$710$244
26 years$2,148$1,618$1,201$881$640$208
27 years$2,047$1,523$1,116$807$577$178
28 years$1,952$1,435$1,037$739$520$152
29 years$1,865$1,354$965$678$470$130
30 years$1,783$1,278$899$622$425$111
31 years$1,707$1,208$838$571$384$95
32 years$1,636$1,143$782$525$347$82
33 years$1,569$1,083$730$483$314$70
34 years$1,506$1,026$682$444$285$60
35 years$1,447$973$638$409$258$51
36 years$1,391$924$597$377$234$44
37 years$1,339$878$558$347$212$38
38 years$1,289$834$523$320$192$32
39 years$1,242$793$490$295$174$28
40 years$1,198$754$459$272$158$24
41 years$1,155$718$431$251$143$20
42 years$1,115$684$404$232$130$17
43 years$1,077$652$379$214$118$15
44 years$1,041$621$356$197$107$13
45 years$1,006$592$334$182$97$11
46 years$973$565$314$168$88$9
47 years$942$539$295$156$80$8
48 years$912$515$277$144$73$7
49 years$883$492$260$133$66$6
50 years$855$470$245$123$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $876,000, adding $2,146 every year, while hoping to spend $56,016 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: 40/30/30 Blend
57$876,000$876,000$876,000$876,000
58$967,566$921,138$907,560$997,629
59$1,006,657$906,673$878,362$1,005,307
60$1,047,858$889,622$846,309$1,008,288
61$1,091,325$869,799$811,246$1,010,465
62$1,137,228$847,007$773,011$1,011,803
63$1,185,752$821,037$731,434$1,012,264
64$1,237,101$791,670$686,339$1,011,814
65$1,291,495$758,672$637,541$1,010,420
66$1,349,176$721,795$584,847$1,008,051
67$1,410,407$680,778$528,055$1,004,679
68$1,475,478$635,346$466,954$1,000,278
69$1,544,705$585,206$401,325$994,828
70$1,618,432$530,048$330,937$988,313
71$1,697,039$469,548$255,550$980,723
72$1,780,940$403,358$174,914$972,054
73$1,870,589$331,116$88,767$962,311
74$1,966,484$252,436$0$951,508
75$2,069,171$166,911$0$940,682
76$2,179,248$74,111$0$959,246
77$2,297,373$0$0$978,902
78$2,424,265$0$0$1,008,535
79$2,560,715$0$0$1,066,790
80$2,707,593$0$0$1,129,582
81$2,865,851$0$0$1,197,328
82$3,036,537$0$0$1,270,490
83$3,220,802$0$0$1,349,571
84$3,419,910$0$0$1,435,128
85$3,635,250$0$0$1,527,770
86$3,868,350$0$0$1,628,169
87$4,120,889$0$0$1,737,063
88$4,394,713$0$0$1,855,263
89$4,691,851$0$0$1,983,661
90$5,014,538$0$0$2,123,239
91$5,365,228$0$0$2,275,077
92$5,746,624$0$0$2,440,364
93$6,161,698$0$0$2,620,407
94$6,613,720$0$0$2,816,645
95$7,106,289$0$0$3,030,661
96$7,643,367$0$0$3,264,198
97$8,229,312$0$0$3,519,176
98$8,868,922$0$0$3,797,704
99$9,567,480$0$0$4,102,109
100$10,330,799$0$0$4,434,951