Can I retire at age 58 with 859,000?

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 $859,000?

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$70,935$70,304$69,687$69,085$68,498$68,038
2 years$35,117$34,463$33,829$33,214$32,618$32,154
3 years$23,178$22,522$21,889$21,281$20,694$20,241
4 years$17,211$16,556$15,930$15,331$14,759$14,320
5 years$13,631$12,980$12,362$11,776$11,220$10,795
6 years$11,245$10,599$9,991$9,417$8,878$8,469
7 years$9,542$8,901$8,302$7,743$7,220$6,827
8 years$8,265$7,630$7,041$6,495$5,990$5,613
9 years$7,272$6,643$6,064$5,532$5,044$4,683
10 years$6,478$5,856$5,287$4,769$4,298$3,953
11 years$5,829$5,213$4,655$4,150$3,696$3,367
12 years$5,289$4,679$4,131$3,640$3,203$2,889
13 years$4,832$4,228$3,691$3,214$2,793$2,493
14 years$4,441$3,843$3,316$2,853$2,449$2,163
15 years$4,102$3,511$2,994$2,544$2,156$1,885
16 years$3,806$3,221$2,714$2,278$1,905$1,648
17 years$3,545$2,967$2,470$2,047$1,689$1,445
18 years$3,313$2,741$2,255$1,845$1,502$1,271
19 years$3,106$2,541$2,064$1,667$1,339$1,120
20 years$2,919$2,361$1,894$1,510$1,196$989
21 years$2,751$2,199$1,742$1,370$1,070$875
22 years$2,598$2,053$1,606$1,246$959$775
23 years$2,459$1,920$1,483$1,135$861$687
24 years$2,332$1,799$1,371$1,035$774$610
25 years$2,215$1,688$1,270$945$696$543
26 years$2,107$1,587$1,178$864$627$483
27 years$2,007$1,493$1,094$791$566$430
28 years$1,915$1,407$1,017$725$510$383
29 years$1,829$1,327$946$665$461$341
30 years$1,749$1,254$881$610$416$305
31 years$1,674$1,185$822$560$376$272
32 years$1,604$1,121$767$515$341$243
33 years$1,538$1,062$716$473$308$217
34 years$1,477$1,006$669$436$279$194
35 years$1,419$955$625$401$253$173
36 years$1,364$906$585$369$229$155
37 years$1,313$860$548$340$208$138
38 years$1,264$818$513$314$188$124
39 years$1,218$778$480$289$171$111
40 years$1,174$740$450$267$155$99
41 years$1,133$704$422$246$140$89
42 years$1,094$671$396$227$127$79
43 years$1,056$639$372$210$116$71
44 years$1,021$609$349$194$105$64
45 years$987$581$328$179$95$57
46 years$954$554$308$165$87$51
47 years$923$529$289$153$79$46
48 years$894$505$272$141$71$41
49 years$866$482$255$130$65$37
50 years$839$461$240$120$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $859,000, adding $4,533 every year, while hoping to spend $52,266 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: 54/24/22 Blend
57$859,000$859,000$859,000$859,000
58$951,294$905,767$892,452$996,702
59$992,715$894,539$866,739$1,017,151
60$1,036,610$881,009$838,412$1,033,555
61$1,083,175$865,009$807,330$1,050,304
62$1,132,625$846,361$773,342$1,067,447
63$1,185,198$824,877$736,294$1,085,041
64$1,241,149$800,358$696,021$1,103,154
65$1,300,762$772,591$652,353$1,121,861
66$1,364,345$741,353$605,112$1,141,250
67$1,432,238$706,409$554,113$1,161,419
68$1,504,810$667,507$499,160$1,182,484
69$1,582,469$624,383$440,050$1,204,572
70$1,665,661$576,758$376,572$1,227,832
71$1,754,874$524,335$308,503$1,252,429
72$1,850,645$466,802$235,612$1,278,551
73$1,953,564$403,827$157,657$1,306,412
74$2,064,276$335,063$74,387$1,336,250
75$2,183,491$260,141$0$1,368,335
76$2,311,989$178,669$0$1,406,370
77$2,450,625$90,238$0$1,466,151
78$2,600,342$0$0$1,530,651
79$2,762,171$0$0$1,601,842
80$2,937,250$0$0$1,704,709
81$3,126,828$0$0$1,816,162
82$3,332,276$0$0$1,937,017
83$3,555,105$0$0$2,068,171
84$3,796,976$0$0$2,210,610
85$4,059,713$0$0$2,365,420
86$4,345,326$0$0$2,533,794
87$4,656,025$0$0$2,717,046
88$4,994,241$0$0$2,916,621
89$5,362,648$0$0$3,134,109
90$5,764,192$0$0$3,371,261
91$6,202,111$0$0$3,630,003
92$6,679,972$0$0$3,912,455
93$7,201,700$0$0$4,220,951
94$7,771,616$0$0$4,558,060
95$8,394,477$0$0$4,926,612
96$9,075,520$0$0$5,329,721
97$9,820,510$0$0$5,770,815
98$10,635,797$0$0$6,253,671
99$11,528,372$0$0$6,782,447
100$12,505,932$0$0$7,361,721