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%16.9%
1 years$72,339$71,695$71,066$70,453$69,853$67,890
2 years$35,812$35,145$34,498$33,871$33,264$31,300
3 years$23,637$22,967$22,323$21,702$21,104$19,202
4 years$17,551$16,883$16,245$15,635$15,051$13,226
5 years$13,901$13,237$12,607$12,009$11,442$9,698
6 years$11,468$10,809$10,188$9,604$9,054$7,392
7 years$9,730$9,077$8,466$7,896$7,363$5,785
8 years$8,428$7,781$7,180$6,624$6,108$4,612
9 years$7,416$6,775$6,184$5,642$5,144$3,729
10 years$6,606$5,972$5,392$4,863$4,383$3,047
11 years$5,945$5,316$4,747$4,233$3,770$2,510
12 years$5,394$4,771$4,213$3,713$3,267$2,081
13 years$4,928$4,312$3,764$3,278$2,849$1,735
14 years$4,529$3,919$3,382$2,909$2,497$1,452
15 years$4,183$3,581$3,053$2,595$2,199$1,220
16 years$3,881$3,285$2,768$2,323$1,943$1,028
17 years$3,615$3,025$2,519$2,087$1,723$868
18 years$3,378$2,796$2,299$1,881$1,532$734
19 years$3,167$2,591$2,105$1,700$1,365$623
20 years$2,977$2,408$1,932$1,540$1,220$528
21 years$2,806$2,243$1,777$1,397$1,091$449
22 years$2,650$2,093$1,638$1,270$978$382
23 years$2,508$1,958$1,512$1,157$878$325
24 years$2,378$1,834$1,399$1,055$789$277
25 years$2,258$1,722$1,295$964$710$236
26 years$2,148$1,618$1,201$881$640$201
27 years$2,047$1,523$1,116$807$577$172
28 years$1,952$1,435$1,037$739$520$147
29 years$1,865$1,354$965$678$470$125
30 years$1,783$1,278$899$622$425$107
31 years$1,707$1,208$838$571$384$91
32 years$1,636$1,143$782$525$347$78
33 years$1,569$1,083$730$483$314$67
34 years$1,506$1,026$682$444$285$57
35 years$1,447$973$638$409$258$49
36 years$1,391$924$597$377$234$42
37 years$1,339$878$558$347$212$36
38 years$1,289$834$523$320$192$30
39 years$1,242$793$490$295$174$26
40 years$1,198$754$459$272$158$22
41 years$1,155$718$431$251$143$19
42 years$1,115$684$404$232$130$16
43 years$1,077$652$379$214$118$14
44 years$1,041$621$356$197$107$12
45 years$1,006$592$334$182$97$10
46 years$973$565$314$168$88$9
47 years$942$539$295$156$80$7
48 years$912$515$277$144$73$6
49 years$883$492$260$133$66$5
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 $3,688 every year, while hoping to spend $25,501 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: 33/43/24 Blend
57$876,000$876,000$876,000$876,000
58$969,156$922,728$909,150$993,925
59$1,040,877$940,809$912,474$1,030,929
60$1,119,059$958,921$915,054$1,068,224
61$1,204,334$977,039$916,839$1,107,906
62$1,297,398$995,135$917,775$1,150,201
63$1,399,016$1,013,180$917,804$1,195,361
64$1,510,031$1,031,142$916,866$1,243,663
65$1,631,372$1,048,986$914,899$1,295,414
66$1,764,060$1,066,675$911,836$1,350,951
67$1,909,221$1,084,168$907,609$1,410,649
68$2,068,092$1,101,423$902,145$1,474,921
69$2,242,039$1,118,394$895,368$1,544,224
70$2,432,563$1,135,031$887,199$1,619,061
71$2,641,318$1,151,281$877,554$1,699,989
72$2,870,125$1,167,088$866,345$1,787,625
73$3,120,993$1,182,389$853,482$1,882,647
74$3,396,129$1,197,121$838,869$1,985,807
75$3,697,968$1,211,214$822,405$2,097,932
76$4,029,191$1,224,594$803,985$2,219,939
77$4,392,751$1,237,181$783,501$2,352,839
78$4,791,900$1,248,892$760,837$2,497,748
79$5,230,221$1,259,635$735,873$2,655,899
80$5,711,662$1,269,316$708,483$2,828,652
81$6,240,571$1,277,832$678,536$3,017,511
82$6,821,738$1,285,074$645,896$3,224,135
83$7,460,439$1,290,926$610,417$3,450,354
84$8,162,489$1,295,267$571,951$3,698,191
85$8,934,292$1,297,964$530,341$3,969,877
86$9,782,904$1,298,879$485,422$4,267,875
87$10,716,101$1,297,864$437,024$4,594,903
88$11,742,446$1,294,763$384,967$4,953,961
89$12,871,378$1,289,409$329,066$5,348,359
90$14,113,294$1,281,625$269,125$5,781,752
91$15,479,650$1,271,225$204,941$6,258,169
92$16,983,069$1,258,009$136,301$6,782,060
93$18,637,458$1,241,767$62,983$7,358,333
94$20,458,141$1,222,276$0$7,992,401
95$22,462,003$1,199,299$0$8,694,147
96$24,667,648$1,172,586$0$9,483,719
97$27,095,577$1,141,872$0$10,352,306
98$29,768,378$1,106,875$0$11,307,996
99$32,710,939$1,067,299$0$12,359,706
100$35,950,686$1,022,828$0$13,517,265