Can I retire at age 58 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$74,239$73,577$72,932$72,302$71,688$71,206
2 years$36,752$36,067$35,404$34,761$34,137$33,651
3 years$24,258$23,570$22,909$22,272$21,658$21,183
4 years$18,012$17,327$16,672$16,045$15,447$14,986
5 years$14,266$13,584$12,938$12,324$11,742$11,298
6 years$11,769$11,093$10,456$9,856$9,291$8,863
7 years$9,986$9,316$8,689$8,103$7,556$7,145
8 years$8,650$7,985$7,369$6,797$6,269$5,874
9 years$7,611$6,953$6,347$5,790$5,279$4,901
10 years$6,780$6,128$5,533$4,991$4,498$4,137
11 years$6,101$5,456$4,871$4,344$3,868$3,523
12 years$5,535$4,897$4,323$3,810$3,352$3,023
13 years$5,057$4,425$3,862$3,364$2,923$2,610
14 years$4,647$4,022$3,470$2,986$2,563$2,264
15 years$4,293$3,675$3,133$2,663$2,256$1,972
16 years$3,983$3,371$2,841$2,384$1,994$1,725
17 years$3,710$3,105$2,585$2,142$1,768$1,513
18 years$3,467$2,869$2,360$1,931$1,572$1,330
19 years$3,250$2,659$2,160$1,744$1,401$1,172
20 years$3,055$2,471$1,983$1,580$1,252$1,035
21 years$2,879$2,302$1,824$1,434$1,120$916
22 years$2,719$2,148$1,681$1,304$1,004$811
23 years$2,574$2,009$1,552$1,187$901$719
24 years$2,440$1,883$1,435$1,083$810$639
25 years$2,318$1,767$1,329$989$729$568
26 years$2,205$1,660$1,233$904$657$505
27 years$2,100$1,563$1,145$828$592$450
28 years$2,004$1,473$1,064$758$534$401
29 years$1,914$1,389$990$695$482$357
30 years$1,830$1,312$923$638$436$319
31 years$1,752$1,240$860$586$394$285
32 years$1,679$1,173$802$539$356$254
33 years$1,610$1,111$749$495$323$227
34 years$1,546$1,053$700$456$292$203
35 years$1,485$999$654$420$265$181
36 years$1,428$948$612$386$240$162
37 years$1,374$901$573$356$217$145
38 years$1,323$856$537$328$197$130
39 years$1,275$814$503$303$179$116
40 years$1,229$774$471$279$162$104
41 years$1,186$737$442$258$147$93
42 years$1,145$702$415$238$133$83
43 years$1,105$669$389$219$121$74
44 years$1,068$638$365$203$110$67
45 years$1,033$608$343$187$100$60
46 years$999$580$322$173$91$53
47 years$966$553$302$160$82$48
48 years$936$528$284$148$75$43
49 years$906$505$267$136$68$38
50 years$878$482$251$126$62$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $899,000, adding $5,547 every year, while hoping to spend $57,819 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: 30/43/27 Blend
57$899,000$899,000$899,000$899,000
58$996,420$948,773$934,838$1,017,894
59$1,036,536$933,744$904,636$1,020,032
60$1,078,805$916,040$871,485$1,016,888
61$1,123,388$895,471$835,224$1,012,351
62$1,170,456$871,831$795,686$1,006,341
63$1,220,198$844,906$752,697$998,774
64$1,272,820$814,469$706,075$989,565
65$1,328,547$780,277$655,627$978,625
66$1,387,623$742,075$601,155$965,866
67$1,450,318$699,594$542,451$951,196
68$1,516,924$652,547$479,297$934,522
69$1,587,761$600,634$411,465$915,752
70$1,663,182$543,534$338,718$894,791
71$1,743,570$480,911$260,809$871,545
72$1,829,347$412,407$177,478$845,921
73$1,920,972$337,647$88,455$817,825
74$2,018,951$256,232$0$787,166
75$2,123,839$167,742$0$755,743
76$2,236,242$71,733$0$748,902
77$2,356,827$0$0$741,141
78$2,486,325$0$0$747,744
79$2,625,539$0$0$791,429
80$2,775,349$0$0$838,545
81$2,936,723$0$0$889,407
82$3,110,723$0$0$944,365
83$3,298,517$0$0$1,003,802
84$3,501,386$0$0$1,068,140
85$3,720,740$0$0$1,137,842
86$3,958,128$0$0$1,213,417
87$4,215,252$0$0$1,295,425
88$4,493,985$0$0$1,384,483
89$4,796,386$0$0$1,481,268
90$5,124,717$0$0$1,586,525
91$5,481,470$0$0$1,701,075
92$5,869,384$0$0$1,825,820
93$6,291,473$0$0$1,961,752
94$6,751,052$0$0$2,109,966
95$7,251,770$0$0$2,271,662
96$7,797,643$0$0$2,448,166
97$8,393,090$0$0$2,640,934
98$9,042,976$0$0$2,851,571
99$9,752,654$0$0$3,081,842
100$10,528,019$0$0$3,333,693