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%15.7%
1 years$72,422$71,777$71,147$70,533$69,933$68,298
2 years$35,852$35,185$34,538$33,910$33,302$31,663
3 years$23,664$22,994$22,348$21,727$21,128$19,538
4 years$17,571$16,903$16,264$15,653$15,069$13,539
5 years$13,916$13,252$12,621$12,023$11,455$9,990
6 years$11,481$10,821$10,200$9,615$9,064$7,666
7 years$9,742$9,088$8,476$7,905$7,371$6,039
8 years$8,438$7,790$7,188$6,631$6,115$4,849
9 years$7,424$6,782$6,191$5,648$5,150$3,949
10 years$6,614$5,978$5,398$4,869$4,388$3,251
11 years$5,951$5,322$4,752$4,237$3,774$2,699
12 years$5,400$4,777$4,217$3,717$3,270$2,255
13 years$4,933$4,317$3,768$3,281$2,852$1,895
14 years$4,534$3,924$3,386$2,913$2,500$1,600
15 years$4,188$3,585$3,057$2,598$2,201$1,355
16 years$3,885$3,289$2,771$2,326$1,945$1,152
17 years$3,619$3,029$2,522$2,090$1,725$981
18 years$3,382$2,799$2,302$1,883$1,534$837
19 years$3,171$2,594$2,107$1,702$1,367$716
20 years$2,981$2,410$1,934$1,541$1,221$613
21 years$2,809$2,245$1,779$1,399$1,093$526
22 years$2,653$2,096$1,640$1,272$979$452
23 years$2,511$1,960$1,514$1,158$879$388
24 years$2,381$1,837$1,400$1,056$790$334
25 years$2,261$1,724$1,297$965$711$287
26 years$2,151$1,620$1,203$882$641$247
27 years$2,049$1,524$1,117$807$577$213
28 years$1,955$1,436$1,038$740$521$184
29 years$1,867$1,355$966$678$471$158
30 years$1,785$1,280$900$623$425$137
31 years$1,709$1,210$839$572$384$118
32 years$1,638$1,145$783$526$348$102
33 years$1,571$1,084$731$483$315$88
34 years$1,508$1,027$683$445$285$76
35 years$1,449$975$638$409$258$66
36 years$1,393$925$597$377$234$57
37 years$1,340$879$559$347$212$49
38 years$1,291$835$524$320$192$42
39 years$1,244$794$490$295$174$36
40 years$1,199$755$460$272$158$31
41 years$1,157$719$431$251$143$27
42 years$1,117$685$404$232$130$24
43 years$1,078$652$379$214$118$20
44 years$1,042$622$356$198$107$18
45 years$1,007$593$334$182$97$15
46 years$974$566$314$169$88$13
47 years$943$540$295$156$80$11
48 years$913$515$277$144$73$10
49 years$884$492$261$133$66$8
50 years$856$470$245$123$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $877,000, adding $2,998 every year, while hoping to spend $58,706 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: 42/39/19 Blend
57$877,000$877,000$877,000$877,000
58$969,546$923,065$909,472$1,004,757
59$1,005,977$905,833$877,477$1,012,765
60$1,044,157$885,788$842,442$1,015,490
61$1,084,201$862,732$804,204$1,017,222
62$1,126,236$836,453$762,591$1,017,898
63$1,170,399$806,726$717,425$1,017,455
64$1,216,840$773,315$668,519$1,015,830
65$1,265,720$735,970$615,676$1,012,956
66$1,317,215$694,425$558,693$1,008,766
67$1,371,519$648,399$497,357$1,003,193
68$1,428,840$597,597$431,445$996,169
69$1,489,406$541,704$360,723$987,625
70$1,553,467$480,389$284,949$977,495
71$1,621,295$413,302$203,869$965,710
72$1,693,187$340,073$117,218$952,206
73$1,769,467$260,312$24,719$936,917
74$1,850,490$173,605$0$919,785
75$1,936,644$79,516$0$915,750
76$2,028,354$0$0$916,082
77$2,126,086$0$0$925,401
78$2,230,347$0$0$971,810
79$2,341,696$0$0$1,021,441
80$2,460,744$0$0$1,074,576
81$2,588,161$0$0$1,131,523
82$2,724,682$0$0$1,192,619
83$2,871,113$0$0$1,258,236
84$3,028,337$0$0$1,328,781
85$3,197,327$0$0$1,404,701
86$3,379,146$0$0$1,486,488
87$3,574,965$0$0$1,574,679
88$3,786,069$0$0$1,669,867
89$4,013,869$0$0$1,772,704
90$4,259,916$0$0$1,883,905
91$4,525,913$0$0$2,004,255
92$4,813,734$0$0$2,134,618
93$5,125,437$0$0$2,275,946
94$5,463,286$0$0$2,429,282
95$5,829,770$0$0$2,595,776
96$6,227,625$0$0$2,776,691
97$6,659,864$0$0$2,973,419
98$7,129,797$0$0$3,187,488
99$7,641,068$0$0$3,420,582
100$8,197,685$0$0$3,674,553