Can I retire at age 58 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$71,348$70,713$70,093$69,488$68,897$67,068
2 years$35,321$34,663$34,026$33,407$32,808$30,978
3 years$23,313$22,653$22,017$21,404$20,815$19,041
4 years$17,311$16,652$16,023$15,421$14,845$13,142
5 years$13,710$13,055$12,434$11,845$11,285$9,656
6 years$11,311$10,661$10,049$9,472$8,930$7,377
7 years$9,597$8,953$8,350$7,788$7,262$5,786
8 years$8,313$7,674$7,082$6,533$6,025$4,624
9 years$7,314$6,682$6,100$5,565$5,074$3,747
10 years$6,516$5,890$5,318$4,797$4,323$3,069
11 years$5,863$5,243$4,682$4,175$3,718$2,535
12 years$5,320$4,706$4,155$3,662$3,222$2,108
13 years$4,860$4,253$3,712$3,233$2,810$1,762
14 years$4,467$3,866$3,335$2,870$2,463$1,479
15 years$4,126$3,531$3,011$2,559$2,168$1,246
16 years$3,828$3,240$2,730$2,291$1,916$1,053
17 years$3,565$2,984$2,484$2,059$1,699$891
18 years$3,332$2,757$2,268$1,855$1,511$757
19 years$3,124$2,555$2,076$1,677$1,347$643
20 years$2,936$2,375$1,905$1,518$1,203$548
21 years$2,767$2,212$1,753$1,378$1,076$467
22 years$2,614$2,065$1,615$1,253$965$398
23 years$2,474$1,931$1,491$1,141$866$340
24 years$2,345$1,809$1,379$1,041$779$291
25 years$2,228$1,698$1,278$951$701$249
26 years$2,119$1,596$1,185$869$631$213
27 years$2,019$1,502$1,100$795$569$182
28 years$1,926$1,415$1,023$729$513$156
29 years$1,839$1,335$952$668$464$134
30 years$1,759$1,261$887$613$419$114
31 years$1,684$1,192$827$563$379$98
32 years$1,613$1,128$771$518$343$84
33 years$1,547$1,068$720$476$310$72
34 years$1,485$1,012$673$438$281$62
35 years$1,427$960$629$403$254$53
36 years$1,372$911$588$371$230$46
37 years$1,320$865$551$342$209$39
38 years$1,271$823$516$315$189$33
39 years$1,225$782$483$291$172$29
40 years$1,181$744$453$268$156$25
41 years$1,140$708$425$247$141$21
42 years$1,100$675$398$228$128$18
43 years$1,062$643$374$211$116$16
44 years$1,027$613$351$195$106$13
45 years$992$584$329$180$96$11
46 years$960$557$309$166$87$10
47 years$929$532$291$153$79$8
48 years$899$508$273$142$72$7
49 years$871$485$257$131$65$6
50 years$844$463$241$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $864,000, adding $2,192 every year, while hoping to spend $31,893 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: 64/20/16 Blend
57$864,000$864,000$864,000$864,000
58$954,389$908,597$895,205$1,011,584
59$1,017,803$919,184$891,261$1,060,789
60$1,086,616$929,222$886,115$1,110,663
61$1,161,345$938,648$879,694$1,164,373
62$1,242,560$947,399$871,921$1,222,294
63$1,330,885$955,406$862,715$1,284,839
64$1,427,009$962,595$851,990$1,352,466
65$1,531,690$968,888$839,657$1,425,677
66$1,645,761$974,201$825,624$1,505,026
67$1,770,138$978,447$809,793$1,591,127
68$1,905,833$981,532$792,061$1,684,655
69$2,053,955$983,354$772,322$1,786,354
70$2,215,728$983,808$750,465$1,897,048
71$2,392,498$982,780$726,371$2,017,642
72$2,585,748$980,152$699,920$2,149,136
73$2,797,110$975,795$670,983$2,292,635
74$3,028,381$969,574$639,426$2,449,355
75$3,281,539$961,346$605,110$2,620,638
76$3,558,763$950,960$567,889$2,807,967
77$3,862,454$938,253$527,609$3,012,973
78$4,195,252$923,056$484,113$3,237,458
79$4,560,070$905,188$437,232$3,483,411
80$4,960,111$884,456$386,793$3,753,021
81$5,398,906$860,658$332,615$4,048,708
82$5,880,343$833,579$274,506$4,373,136
83$6,408,706$802,992$212,270$4,729,247
84$6,988,711$768,656$145,698$5,120,282
85$7,625,556$730,317$74,576$5,549,818
86$8,324,965$687,705$0$6,021,799
87$9,093,244$640,535$0$6,540,800
88$9,937,341$588,507$0$7,124,993
89$10,864,908$531,301$0$7,766,962
90$11,884,376$468,583$0$8,472,584
91$13,005,034$399,995$0$9,248,335
92$14,237,116$325,163$0$10,101,353
93$15,591,895$243,690$0$11,039,506
94$17,081,793$155,156$0$12,071,467
95$18,720,497$59,119$0$13,206,794
96$20,523,083$0$0$14,456,024
97$22,506,165$0$0$15,840,649
98$24,688,049$0$0$17,378,464
99$27,088,902$0$0$19,070,681
100$29,730,945$0$0$20,932,973