Can I retire at age 58 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$71,679$71,040$70,417$69,809$69,216$67,985
2 years$35,484$34,824$34,183$33,562$32,960$31,724
3 years$23,421$22,758$22,119$21,504$20,911$19,709
4 years$17,391$16,729$16,097$15,492$14,914$13,755
5 years$13,774$13,116$12,492$11,899$11,337$10,224
6 years$11,363$10,710$10,095$9,516$8,971$7,905
7 years$9,642$8,994$8,389$7,824$7,296$6,277
8 years$8,351$7,710$7,115$6,563$6,052$5,081
9 years$7,348$6,713$6,128$5,590$5,097$4,173
10 years$6,546$5,917$5,342$4,819$4,343$3,465
11 years$5,890$5,268$4,703$4,194$3,735$2,902
12 years$5,344$4,728$4,174$3,679$3,237$2,447
13 years$4,883$4,273$3,729$3,248$2,823$2,076
14 years$4,487$3,884$3,351$2,883$2,474$1,769
15 years$4,145$3,548$3,025$2,571$2,178$1,513
16 years$3,846$3,255$2,743$2,302$1,925$1,299
17 years$3,582$2,998$2,496$2,068$1,707$1,117
18 years$3,348$2,770$2,278$1,864$1,518$964
19 years$3,138$2,567$2,086$1,684$1,353$833
20 years$2,950$2,386$1,914$1,525$1,208$721
21 years$2,780$2,222$1,761$1,384$1,081$625
22 years$2,626$2,074$1,623$1,259$969$542
23 years$2,485$1,940$1,498$1,146$870$471
24 years$2,356$1,818$1,386$1,046$782$410
25 years$2,238$1,706$1,283$955$704$357
26 years$2,129$1,603$1,190$873$634$311
27 years$2,028$1,509$1,105$799$572$271
28 years$1,935$1,422$1,028$732$516$236
29 years$1,848$1,341$956$671$466$206
30 years$1,767$1,267$891$616$421$180
31 years$1,691$1,197$830$566$380$157
32 years$1,621$1,133$775$520$344$137
33 years$1,554$1,073$723$478$311$120
34 years$1,492$1,017$676$440$282$104
35 years$1,434$965$632$405$255$91
36 years$1,379$915$591$373$231$80
37 years$1,327$870$553$344$210$70
38 years$1,277$826$518$317$190$61
39 years$1,231$786$485$292$172$53
40 years$1,187$748$455$269$156$47
41 years$1,145$712$427$249$142$41
42 years$1,105$678$400$229$129$36
43 years$1,067$646$376$212$117$31
44 years$1,031$616$353$196$106$27
45 years$997$587$331$181$96$24
46 years$964$560$311$167$87$21
47 years$933$534$292$154$79$18
48 years$903$510$274$142$72$16
49 years$875$487$258$132$65$14
50 years$847$465$243$122$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $868,000, adding $3,279 every year, while hoping to spend $47,659 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: 46/47/7 Blend
57$868,000$868,000$868,000$868,000
58$959,918$913,914$900,460$1,002,088
59$1,007,121$907,987$879,917$1,025,518
60$1,057,541$900,173$857,088$1,045,688
61$1,111,457$890,327$831,847$1,066,458
62$1,169,172$878,300$804,060$1,087,898
63$1,231,021$863,930$773,590$1,110,088
64$1,297,371$847,048$740,290$1,133,121
65$1,368,623$827,473$704,010$1,157,099
66$1,445,218$805,016$664,590$1,182,141
67$1,527,642$779,473$621,866$1,208,383
68$1,616,425$750,631$575,662$1,235,975
69$1,712,153$718,265$525,800$1,265,089
70$1,815,468$682,134$472,088$1,295,919
71$1,927,073$641,987$414,331$1,328,684
72$2,047,745$597,554$352,321$1,363,630
73$2,178,334$548,554$285,844$1,401,033
74$2,319,778$494,687$214,674$1,441,206
75$2,473,106$435,637$138,575$1,484,496
76$2,639,449$371,070$57,304$1,531,295
77$2,820,054$300,633$0$1,582,043
78$3,016,288$223,953$0$1,639,428
79$3,229,659$140,636$0$1,706,512
80$3,461,823$50,266$0$1,779,645
81$3,714,605$0$0$1,859,537
82$3,990,010$0$0$1,971,590
83$4,290,247$0$0$2,122,178
84$4,617,745$0$0$2,286,536
85$4,975,180$0$0$2,466,017
86$5,365,496$0$0$2,662,111
87$5,791,933$0$0$2,876,461
88$6,258,061$0$0$3,110,874
89$6,767,807$0$0$3,367,338
90$7,325,497$0$0$3,648,045
91$7,935,893$0$0$3,955,408
92$8,604,241$0$0$4,292,082
93$9,336,315$0$0$4,660,993
94$10,138,476$0$0$5,065,363
95$11,017,727$0$0$5,508,742
96$11,981,784$0$0$5,995,036
97$13,039,142$0$0$6,528,550
98$14,199,160$0$0$7,114,027
99$15,472,146$0$0$7,756,689
100$16,869,454$0$0$8,462,289