Can I retire at age 58 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$71,513$70,876$70,255$69,648$69,056$67,579
2 years$35,403$34,743$34,104$33,485$32,884$31,403
3 years$23,367$22,705$22,068$21,454$20,863$19,424
4 years$17,351$16,691$16,060$15,456$14,880$13,494
5 years$13,742$13,086$12,463$11,872$11,311$9,983
6 years$11,337$10,685$10,072$9,494$8,950$7,681
7 years$9,619$8,974$8,370$7,806$7,279$6,069
8 years$8,332$7,692$7,098$6,548$6,039$4,887
9 years$7,331$6,697$6,114$5,577$5,085$3,992
10 years$6,531$5,903$5,330$4,808$4,333$3,296
11 years$5,877$5,255$4,693$4,184$3,726$2,745
12 years$5,332$4,717$4,165$3,670$3,229$2,302
13 years$4,871$4,263$3,721$3,240$2,816$1,941
14 years$4,477$3,875$3,343$2,876$2,468$1,644
15 years$4,135$3,540$3,018$2,565$2,173$1,397
16 years$3,837$3,248$2,737$2,297$1,921$1,191
17 years$3,574$2,991$2,490$2,064$1,703$1,019
18 years$3,340$2,764$2,273$1,860$1,514$873
19 years$3,131$2,561$2,081$1,680$1,350$749
20 years$2,943$2,380$1,910$1,522$1,206$644
21 years$2,774$2,217$1,757$1,381$1,079$555
22 years$2,620$2,070$1,619$1,256$967$478
23 years$2,479$1,936$1,495$1,144$868$412
24 years$2,351$1,814$1,383$1,043$780$356
25 years$2,233$1,702$1,281$953$702$308
26 years$2,124$1,599$1,188$871$632$266
27 years$2,023$1,505$1,103$797$570$230
28 years$1,930$1,418$1,025$731$515$199
29 years$1,843$1,338$954$670$465$172
30 years$1,763$1,264$889$615$420$149
31 years$1,687$1,195$828$565$380$129
32 years$1,617$1,130$773$519$343$112
33 years$1,551$1,070$722$477$311$97
34 years$1,489$1,015$674$439$281$84
35 years$1,430$962$630$404$255$73
36 years$1,375$913$590$372$231$63
37 years$1,323$867$552$343$209$55
38 years$1,274$824$517$316$190$48
39 years$1,228$784$484$291$172$41
40 years$1,184$746$454$269$156$36
41 years$1,142$710$426$248$142$31
42 years$1,103$676$399$229$128$27
43 years$1,065$644$375$211$117$23
44 years$1,029$614$352$195$106$20
45 years$995$586$330$180$96$18
46 years$962$559$310$166$87$15
47 years$931$533$291$154$79$13
48 years$901$509$274$142$72$12
49 years$873$486$257$131$65$10
50 years$846$464$242$121$59$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $866,000, adding $5,339 every year, while hoping to spend $52,648 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: 31/40/29 Blend
57$866,000$866,000$866,000$866,000
58$959,839$913,941$900,518$980,953
59$1,001,726$902,707$874,668$986,550
60$1,046,120$889,158$846,188$987,603
61$1,093,223$873,125$814,934$987,710
62$1,143,252$854,429$780,755$986,827
63$1,196,448$832,881$743,494$984,908
64$1,253,072$808,278$702,988$981,910
65$1,313,412$780,410$659,064$977,791
66$1,377,781$749,051$611,544$972,509
67$1,446,523$713,963$560,239$966,026
68$1,520,015$674,894$504,954$958,307
69$1,598,671$631,578$445,484$949,321
70$1,682,943$583,733$381,616$939,038
71$1,773,329$531,062$313,126$927,439
72$1,870,375$473,250$239,781$914,508
73$1,974,678$409,964$161,339$900,236
74$2,086,897$340,854$77,545$884,625
75$2,207,752$265,547$0$867,686
76$2,338,035$183,652$0$853,118
77$2,478,619$94,755$0$863,129
78$2,630,458$0$0$873,841
79$2,794,603$0$0$886,115
80$2,972,211$0$0$944,629
81$3,164,550$0$0$1,008,108
82$3,373,017$0$0$1,077,026
83$3,599,146$0$0$1,151,905
84$3,844,626$0$0$1,233,320
85$4,111,313$0$0$1,321,904
86$4,401,251$0$0$1,418,350
87$4,716,685$0$0$1,523,425
88$5,060,089$0$0$1,637,970
89$5,434,182$0$0$1,762,912
90$5,841,959$0$0$1,899,271
91$6,286,714$0$0$2,048,170
92$6,772,074$0$0$2,210,844
93$7,302,030$0$0$2,388,655
94$7,880,976$0$0$2,583,100
95$8,513,750$0$0$2,795,828
96$9,205,678$0$0$3,028,657
97$9,962,624$0$0$3,283,584
98$10,791,044$0$0$3,562,814
99$11,698,049$0$0$3,868,771
100$12,691,466$0$0$4,204,126