Can I retire at age 58 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$71,761$71,122$70,498$69,890$69,295$68,091
2 years$35,525$34,864$34,223$33,601$32,998$31,789
3 years$23,448$22,784$22,144$21,528$20,935$19,759
4 years$17,411$16,749$16,115$15,510$14,931$13,796
5 years$13,790$13,131$12,506$11,913$11,350$10,260
6 years$11,376$10,722$10,107$9,527$8,981$7,937
7 years$9,653$9,005$8,399$7,833$7,304$6,307
8 years$8,361$7,719$7,123$6,571$6,059$5,108
9 years$7,357$6,721$6,135$5,597$5,103$4,197
10 years$6,554$5,924$5,349$4,824$4,348$3,487
11 years$5,897$5,274$4,709$4,199$3,739$2,922
12 years$5,350$4,733$4,179$3,683$3,240$2,466
13 years$4,888$4,278$3,734$3,251$2,826$2,093
14 years$4,492$3,888$3,355$2,886$2,477$1,785
15 years$4,150$3,552$3,029$2,574$2,181$1,528
16 years$3,850$3,259$2,746$2,305$1,928$1,312
17 years$3,586$3,001$2,499$2,071$1,709$1,130
18 years$3,351$2,773$2,281$1,866$1,520$975
19 years$3,142$2,570$2,088$1,686$1,355$843
20 years$2,953$2,388$1,916$1,527$1,210$731
21 years$2,783$2,225$1,763$1,386$1,083$634
22 years$2,629$2,077$1,625$1,260$970$551
23 years$2,488$1,942$1,500$1,148$871$479
24 years$2,359$1,820$1,387$1,047$783$417
25 years$2,240$1,708$1,285$956$705$363
26 years$2,131$1,605$1,192$874$635$316
27 years$2,030$1,511$1,107$800$572$276
28 years$1,937$1,423$1,029$733$516$241
29 years$1,850$1,343$957$672$466$210
30 years$1,769$1,268$892$617$421$183
31 years$1,693$1,199$831$567$381$160
32 years$1,623$1,134$776$521$345$140
33 years$1,556$1,074$724$479$312$122
34 years$1,494$1,018$677$441$282$107
35 years$1,435$966$633$406$256$94
36 years$1,380$917$592$374$232$82
37 years$1,328$871$554$344$210$72
38 years$1,279$827$519$317$190$63
39 years$1,232$787$486$292$173$55
40 years$1,188$748$456$270$157$48
41 years$1,146$712$427$249$142$42
42 years$1,106$679$401$230$129$37
43 years$1,069$646$376$212$117$32
44 years$1,032$616$353$196$106$28
45 years$998$588$331$181$96$25
46 years$965$561$311$167$88$22
47 years$934$535$292$154$79$19
48 years$904$511$275$143$72$17
49 years$876$488$258$132$66$14
50 years$848$466$243$122$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $869,000, adding $3,146 every year, while hoping to spend $36,506 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: 76/19/5 Blend
57$869,000$869,000$869,000$869,000
58$960,883$914,826$901,357$1,033,383
59$1,020,051$920,810$892,710$1,087,408
60$1,084,031$925,865$882,550$1,141,583
61$1,153,274$929,904$870,788$1,199,885
62$1,228,279$932,840$857,330$1,262,708
63$1,309,591$934,577$842,078$1,330,485
64$1,397,811$935,014$824,930$1,403,695
65$1,493,602$934,043$805,779$1,482,865
66$1,597,689$931,551$784,513$1,568,575
67$1,710,873$927,417$761,014$1,661,465
68$1,834,034$921,512$735,159$1,762,241
69$1,968,140$913,700$706,821$1,871,679
70$2,114,256$903,838$675,866$1,990,636
71$2,273,555$891,771$642,152$2,120,058
72$2,447,327$877,337$605,534$2,260,983
73$2,636,993$860,365$565,858$2,414,562
74$2,844,116$840,673$522,964$2,582,057
75$3,070,418$818,067$476,685$2,764,864
76$3,317,792$792,344$426,845$2,964,521
77$3,588,326$763,288$373,264$3,182,722
78$3,884,316$730,670$315,749$3,421,335
79$4,208,291$694,248$254,101$3,682,421
80$4,563,037$653,766$188,113$3,968,251
81$4,951,620$608,954$117,568$4,281,328
82$5,377,417$559,525$42,240$4,624,412
83$5,844,150$505,177$0$5,000,546
84$6,355,913$445,591$0$5,415,121
85$6,917,219$380,428$0$5,872,337
86$7,533,038$309,332$0$6,374,028
87$8,208,845$231,925$0$6,924,706
88$8,950,667$147,810$0$7,529,339
89$9,765,148$56,566$0$8,193,408
90$10,659,604$0$0$8,922,952
91$11,642,094$0$0$9,733,460
92$12,721,497$0$0$10,636,945
93$13,907,594$0$0$11,629,772
94$15,211,161$0$0$12,720,965
95$16,644,070$0$0$13,920,466
96$18,219,398$0$0$15,239,228
97$19,951,555$0$0$16,689,318
98$21,856,416$0$0$18,284,031
99$23,951,471$0$0$20,038,015
100$26,255,992$0$0$21,967,410