Can I retire at age 58 with 877,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.5%
1 years$72,422$71,777$71,147$70,533$69,933$69,203
2 years$35,852$35,185$34,538$33,910$33,302$32,566
3 years$23,664$22,994$22,348$21,727$21,128$20,410
4 years$17,571$16,903$16,264$15,653$15,069$14,374
5 years$13,916$13,252$12,621$12,023$11,455$10,786
6 years$11,481$10,821$10,200$9,615$9,064$8,421
7 years$9,742$9,088$8,476$7,905$7,371$6,754
8 years$8,438$7,790$7,188$6,631$6,115$5,525
9 years$7,424$6,782$6,191$5,648$5,150$4,585
10 years$6,614$5,978$5,398$4,869$4,388$3,849
11 years$5,951$5,322$4,752$4,237$3,774$3,260
12 years$5,400$4,777$4,217$3,717$3,270$2,782
13 years$4,933$4,317$3,768$3,281$2,852$2,387
14 years$4,534$3,924$3,386$2,913$2,500$2,059
15 years$4,188$3,585$3,057$2,598$2,201$1,783
16 years$3,885$3,289$2,771$2,326$1,945$1,549
17 years$3,619$3,029$2,522$2,090$1,725$1,350
18 years$3,382$2,799$2,302$1,883$1,534$1,180
19 years$3,171$2,594$2,107$1,702$1,367$1,033
20 years$2,981$2,410$1,934$1,541$1,221$906
21 years$2,809$2,245$1,779$1,399$1,093$796
22 years$2,653$2,096$1,640$1,272$979$701
23 years$2,511$1,960$1,514$1,158$879$617
24 years$2,381$1,837$1,400$1,056$790$544
25 years$2,261$1,724$1,297$965$711$481
26 years$2,151$1,620$1,203$882$641$424
27 years$2,049$1,524$1,117$807$577$375
28 years$1,955$1,436$1,038$740$521$332
29 years$1,867$1,355$966$678$471$294
30 years$1,785$1,280$900$623$425$260
31 years$1,709$1,210$839$572$384$231
32 years$1,638$1,145$783$526$348$204
33 years$1,571$1,084$731$483$315$181
34 years$1,508$1,027$683$445$285$161
35 years$1,449$975$638$409$258$142
36 years$1,393$925$597$377$234$126
37 years$1,340$879$559$347$212$112
38 years$1,291$835$524$320$192$100
39 years$1,244$794$490$295$174$88
40 years$1,199$755$460$272$158$78
41 years$1,157$719$431$251$143$70
42 years$1,117$685$404$232$130$62
43 years$1,078$652$379$214$118$55
44 years$1,042$622$356$198$107$49
45 years$1,007$593$334$182$97$43
46 years$974$566$314$169$88$39
47 years$943$540$295$156$80$34
48 years$913$515$277$144$73$30
49 years$884$492$261$133$66$27
50 years$856$470$245$123$60$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $877,000, adding $4,980 every year, while hoping to spend $30,008 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: 36/36/28 Blend
57$877,000$877,000$877,000$877,000
58$971,591$925,110$911,516$998,255
59$1,038,765$938,512$910,124$1,031,925
60$1,111,785$951,565$907,679$1,065,180
61$1,191,215$964,220$904,115$1,100,505
62$1,277,678$976,426$899,361$1,138,108
63$1,371,856$988,125$893,344$1,178,218
64$1,474,501$999,259$885,987$1,221,088
65$1,586,442$1,009,765$877,210$1,266,999
66$1,708,589$1,019,573$866,926$1,316,263
67$1,841,946$1,028,613$855,049$1,369,224
68$1,987,616$1,036,807$841,485$1,426,266
69$2,146,815$1,044,072$826,137$1,487,810
70$2,320,880$1,050,322$808,903$1,554,326
71$2,511,286$1,055,464$789,677$1,626,332
72$2,719,654$1,059,399$768,348$1,704,403
73$2,947,770$1,062,021$744,799$1,789,173
74$3,197,602$1,063,219$718,909$1,881,345
75$3,471,315$1,062,874$690,550$1,981,698
76$3,771,295$1,060,860$659,589$2,091,091
77$4,100,168$1,057,044$625,887$2,210,477
78$4,460,829$1,051,283$589,298$2,340,907
79$4,856,465$1,043,427$549,670$2,483,544
80$5,290,585$1,033,316$506,845$2,639,677
81$5,767,057$1,020,780$460,656$2,810,725
82$6,290,138$1,005,640$410,930$2,998,262
83$6,864,522$987,706$357,486$3,204,024
84$7,495,376$966,776$300,134$3,429,931
85$8,188,393$942,637$238,677$3,678,103
86$8,949,845$915,062$172,909$3,950,884
87$9,786,641$883,812$102,614$4,250,863
88$10,706,394$848,635$27,567$4,580,899
89$11,717,490$809,261$0$4,944,149
90$12,829,167$765,408$0$5,359,793
91$14,051,605$716,776$0$5,825,800
92$15,396,018$663,047$0$6,338,253
93$16,874,762$603,887$0$6,901,928
94$18,501,452$538,941$0$7,522,091
95$20,291,085$467,835$0$8,204,550
96$22,260,190$390,173$0$8,955,712
97$24,426,975$305,538$0$9,782,642
98$26,811,504$213,486$0$10,693,132
99$29,435,884$113,553$0$11,695,777
100$32,324,473$5,246$0$12,800,052