Can I retire at age 58 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$70,605$69,976$69,363$68,764$68,179$65,603
2 years$34,953$34,302$33,671$33,059$32,466$29,901
3 years$23,071$22,417$21,787$21,182$20,598$18,124
4 years$17,130$16,479$15,856$15,260$14,691$12,327
5 years$13,567$12,920$12,305$11,721$11,168$8,920
6 years$11,193$10,550$9,944$9,374$8,836$6,707
7 years$9,497$8,860$8,264$7,707$7,186$5,174
8 years$8,226$7,594$7,008$6,465$5,962$4,065
9 years$7,238$6,612$6,036$5,507$5,021$3,237
10 years$6,448$5,828$5,262$4,747$4,278$2,603
11 years$5,802$5,189$4,633$4,131$3,679$2,110
12 years$5,264$4,657$4,112$3,624$3,188$1,721
13 years$4,810$4,209$3,673$3,199$2,780$1,410
14 years$4,420$3,826$3,301$2,840$2,437$1,160
15 years$4,083$3,495$2,980$2,533$2,146$958
16 years$3,788$3,206$2,702$2,268$1,897$792
17 years$3,528$2,953$2,459$2,037$1,682$657
18 years$3,297$2,729$2,244$1,836$1,495$546
19 years$3,091$2,529$2,055$1,659$1,333$454
20 years$2,906$2,350$1,886$1,503$1,190$378
21 years$2,738$2,189$1,734$1,364$1,065$315
22 years$2,586$2,043$1,599$1,240$955$263
23 years$2,448$1,911$1,476$1,129$857$219
24 years$2,321$1,790$1,365$1,030$770$183
25 years$2,204$1,680$1,264$941$693$153
26 years$2,097$1,579$1,173$860$624$128
27 years$1,998$1,486$1,089$787$563$107
28 years$1,906$1,400$1,012$721$508$89
29 years$1,820$1,321$942$661$459$75
30 years$1,740$1,248$877$607$414$63
31 years$1,666$1,179$818$557$375$52
32 years$1,596$1,116$763$512$339$44
33 years$1,531$1,057$713$471$307$37
34 years$1,470$1,002$666$433$278$31
35 years$1,412$950$622$399$252$26
36 years$1,358$902$582$368$228$22
37 years$1,307$856$545$339$207$18
38 years$1,258$814$510$312$187$15
39 years$1,212$774$478$288$170$13
40 years$1,169$736$448$265$154$11
41 years$1,128$701$420$245$140$9
42 years$1,089$668$394$226$127$7
43 years$1,051$636$370$209$115$6
44 years$1,016$606$347$193$104$5
45 years$982$578$326$178$95$4
46 years$950$552$306$164$86$4
47 years$919$526$288$152$78$3
48 years$890$502$270$140$71$3
49 years$862$480$254$130$64$2
50 years$835$458$239$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $855,000, adding $2,713 every year, while hoping to spend $55,148 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: 47/43/10 Blend
57$855,000$855,000$855,000$855,000
58$945,008$899,693$886,441$986,694
59$982,722$885,101$857,460$1,001,098
60$1,022,435$867,946$825,659$1,010,776
61$1,064,291$848,043$790,887$1,020,022
62$1,108,450$825,199$752,983$1,028,814
63$1,155,085$799,207$711,781$1,037,132
64$1,204,384$769,848$667,106$1,044,958
65$1,256,553$736,893$618,776$1,052,274
66$1,311,818$700,096$566,601$1,059,069
67$1,370,422$659,200$510,381$1,065,331
68$1,432,636$613,932$449,910$1,071,057
69$1,498,752$564,001$384,969$1,076,244
70$1,569,091$509,104$315,332$1,080,898
71$1,644,005$448,917$240,762$1,085,032
72$1,723,878$383,099$161,013$1,088,665
73$1,809,133$311,290$75,825$1,091,827
74$1,900,230$233,109$0$1,094,557
75$1,997,676$148,153$0$1,098,517
76$2,102,026$55,999$0$1,110,902
77$2,213,887$0$0$1,123,725
78$2,333,929$0$0$1,157,845
79$2,462,882$0$0$1,223,029
80$2,601,552$0$0$1,293,195
81$2,750,822$0$0$1,368,799
82$2,911,660$0$0$1,450,340
83$3,085,131$0$0$1,538,370
84$3,272,406$0$0$1,633,491
85$3,474,769$0$0$1,736,368
86$3,693,633$0$0$1,847,732
87$3,930,552$0$0$1,968,383
88$4,187,232$0$0$2,099,204
89$4,465,549$0$0$2,241,165
90$4,767,568$0$0$2,395,334
91$5,095,559$0$0$2,562,883
92$5,452,019$0$0$2,745,104
93$5,839,694$0$0$2,943,417
94$6,261,606$0$0$3,159,385
95$6,721,080$0$0$3,394,727
96$7,221,776$0$0$3,651,336
97$7,767,720$0$0$3,931,295
98$8,363,343$0$0$4,236,897
99$9,013,525$0$0$4,570,665
100$9,723,635$0$0$4,935,379