Can I retire at age 58 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$72,422$71,777$71,147$70,533$69,933$69,174
2 years$35,852$35,185$34,538$33,910$33,302$32,537
3 years$23,664$22,994$22,348$21,727$21,128$20,382
4 years$17,571$16,903$16,264$15,653$15,069$14,347
5 years$13,916$13,252$12,621$12,023$11,455$10,760
6 years$11,481$10,821$10,200$9,615$9,064$8,396
7 years$9,742$9,088$8,476$7,905$7,371$6,731
8 years$8,438$7,790$7,188$6,631$6,115$5,502
9 years$7,424$6,782$6,191$5,648$5,150$4,564
10 years$6,614$5,978$5,398$4,869$4,388$3,829
11 years$5,951$5,322$4,752$4,237$3,774$3,241
12 years$5,400$4,777$4,217$3,717$3,270$2,764
13 years$4,933$4,317$3,768$3,281$2,852$2,370
14 years$4,534$3,924$3,386$2,913$2,500$2,043
15 years$4,188$3,585$3,057$2,598$2,201$1,768
16 years$3,885$3,289$2,771$2,326$1,945$1,535
17 years$3,619$3,029$2,522$2,090$1,725$1,337
18 years$3,382$2,799$2,302$1,883$1,534$1,167
19 years$3,171$2,594$2,107$1,702$1,367$1,021
20 years$2,981$2,410$1,934$1,541$1,221$895
21 years$2,809$2,245$1,779$1,399$1,093$786
22 years$2,653$2,096$1,640$1,272$979$691
23 years$2,511$1,960$1,514$1,158$879$608
24 years$2,381$1,837$1,400$1,056$790$536
25 years$2,261$1,724$1,297$965$711$473
26 years$2,151$1,620$1,203$882$641$417
27 years$2,049$1,524$1,117$807$577$369
28 years$1,955$1,436$1,038$740$521$326
29 years$1,867$1,355$966$678$471$288
30 years$1,785$1,280$900$623$425$255
31 years$1,709$1,210$839$572$384$226
32 years$1,638$1,145$783$526$348$200
33 years$1,571$1,084$731$483$315$177
34 years$1,508$1,027$683$445$285$157
35 years$1,449$975$638$409$258$139
36 years$1,393$925$597$377$234$123
37 years$1,340$879$559$347$212$109
38 years$1,291$835$524$320$192$97
39 years$1,244$794$490$295$174$86
40 years$1,199$755$460$272$158$76
41 years$1,157$719$431$251$143$68
42 years$1,117$685$404$232$130$60
43 years$1,078$652$379$214$118$53
44 years$1,042$622$356$198$107$47
45 years$1,007$593$334$182$97$42
46 years$974$566$314$169$88$37
47 years$943$540$295$156$80$33
48 years$913$515$277$144$73$29
49 years$884$492$261$133$66$26
50 years$856$470$245$123$60$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $877,000, adding $3,760 every year, while hoping to spend $54,483 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: 57/31/12 Blend
57$877,000$877,000$877,000$877,000
58$970,332$923,851$910,258$1,022,522
59$1,011,337$911,151$882,782$1,045,525
60$1,054,698$896,002$852,560$1,064,228
61$1,100,598$878,227$819,441$1,083,318
62$1,149,237$857,638$783,271$1,102,839
63$1,200,833$834,036$743,884$1,122,844
64$1,255,624$807,210$701,111$1,143,393
65$1,313,873$776,938$654,773$1,164,554
66$1,375,862$742,983$604,682$1,186,409
67$1,441,906$705,095$550,645$1,209,047
68$1,512,347$663,010$492,458$1,232,572
69$1,587,558$616,450$429,907$1,257,103
70$1,667,951$565,118$362,771$1,282,775
71$1,753,975$508,702$290,817$1,309,739
72$1,846,124$446,872$213,803$1,338,169
73$1,944,940$379,280$131,477$1,368,261
74$2,051,017$305,557$43,574$1,400,234
75$2,165,005$225,314$0$1,434,337
76$2,287,621$138,140$0$1,477,284
77$2,419,649$43,600$0$1,529,329
78$2,561,954$0$0$1,585,280
79$2,715,482$0$0$1,665,620
80$2,881,274$0$0$1,768,498
81$3,060,475$0$0$1,879,758
82$3,254,342$0$0$2,000,190
83$3,464,256$0$0$2,130,660
84$3,691,738$0$0$2,272,121
85$3,938,458$0$0$2,425,622
86$4,206,253$0$0$2,592,314
87$4,497,145$0$0$2,773,466
88$4,813,356$0$0$2,970,473
89$5,157,333$0$0$3,184,869
90$5,531,764$0$0$3,418,342
91$5,939,612$0$0$3,672,752
92$6,384,134$0$0$3,950,142
93$6,868,916$0$0$4,252,763
94$7,397,904$0$0$4,583,093
95$7,975,441$0$0$4,943,857
96$8,606,311$0$0$5,338,057
97$9,295,777$0$0$5,768,999
98$10,049,634$0$0$6,240,320
99$10,874,264$0$0$6,756,027
100$11,776,692$0$0$7,320,531