Can I retire at age 58 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$72,092$71,449$70,823$70,211$69,614$69,321
2 years$35,689$35,024$34,380$33,755$33,150$32,854
3 years$23,556$22,889$22,246$21,627$21,031$20,742
4 years$17,491$16,826$16,190$15,581$15,000$14,719
5 years$13,853$13,191$12,564$11,968$11,403$11,131
6 years$11,428$10,772$10,153$9,571$9,023$8,761
7 years$9,697$9,046$8,437$7,869$7,338$7,086
8 years$8,399$7,754$7,156$6,601$6,087$5,845
9 years$7,390$6,751$6,163$5,623$5,126$4,894
10 years$6,584$5,951$5,373$4,847$4,368$4,145
11 years$5,924$5,298$4,730$4,218$3,757$3,544
12 years$5,375$4,755$4,198$3,700$3,255$3,052
13 years$4,911$4,297$3,751$3,266$2,839$2,645
14 years$4,513$3,906$3,370$2,900$2,488$2,303
15 years$4,169$3,568$3,043$2,586$2,191$2,015
16 years$3,868$3,274$2,759$2,315$1,936$1,769
17 years$3,602$3,015$2,510$2,080$1,717$1,558
18 years$3,367$2,786$2,292$1,875$1,527$1,376
19 years$3,156$2,582$2,098$1,694$1,361$1,217
20 years$2,967$2,399$1,925$1,534$1,215$1,080
21 years$2,796$2,235$1,771$1,392$1,088$959
22 years$2,641$2,086$1,632$1,266$975$854
23 years$2,499$1,951$1,507$1,153$875$761
24 years$2,370$1,828$1,394$1,052$787$678
25 years$2,251$1,716$1,291$960$708$606
26 years$2,141$1,612$1,197$878$638$542
27 years$2,040$1,517$1,112$804$575$484
28 years$1,946$1,430$1,033$736$519$434
29 years$1,858$1,349$962$675$468$389
30 years$1,777$1,274$896$620$423$348
31 years$1,701$1,204$835$569$383$312
32 years$1,630$1,140$779$523$346$280
33 years$1,563$1,079$728$481$313$252
34 years$1,501$1,023$680$443$284$226
35 years$1,442$970$636$407$257$203
36 years$1,387$921$595$375$233$182
37 years$1,334$875$556$346$211$164
38 years$1,285$831$521$319$191$147
39 years$1,238$790$488$294$173$132
40 years$1,194$752$458$271$157$119
41 years$1,151$716$429$250$143$107
42 years$1,111$682$403$231$129$96
43 years$1,073$649$378$213$118$87
44 years$1,037$619$355$197$107$78
45 years$1,003$590$333$182$97$70
46 years$970$563$313$168$88$63
47 years$938$537$294$155$80$57
48 years$908$513$276$143$73$51
49 years$880$490$259$132$66$46
50 years$852$468$244$122$60$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $873,000, adding $3,384 every year, while hoping to spend $35,536 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: 24/50/26 Blend
57$873,000$873,000$873,000$873,000
58$965,537$919,268$905,736$980,700
59$1,026,211$926,502$898,268$1,000,917
60$1,091,884$932,899$889,359$1,019,317
61$1,163,026$938,382$878,923$1,038,275
62$1,240,158$942,866$866,870$1,057,861
63$1,323,850$946,262$853,106$1,078,154
64$1,414,731$948,477$837,533$1,099,245
65$1,513,490$949,409$820,047$1,121,235
66$1,620,889$948,952$800,541$1,144,242
67$1,737,762$946,993$778,902$1,168,396
68$1,865,030$943,412$755,011$1,193,845
69$2,003,704$938,081$728,746$1,220,759
70$2,154,900$930,864$699,976$1,249,325
71$2,319,842$921,619$668,568$1,279,757
72$2,499,880$910,193$634,379$1,312,293
73$2,696,499$896,424$597,263$1,347,202
74$2,911,336$880,142$557,064$1,384,787
75$3,146,188$861,166$513,623$1,425,384
76$3,403,040$839,303$466,769$1,469,372
77$3,684,073$814,352$416,329$1,517,175
78$3,991,689$786,096$362,117$1,569,266
79$4,328,536$754,309$303,942$1,626,174
80$4,697,526$718,749$241,603$1,688,491
81$5,101,869$679,163$174,892$1,756,874
82$5,545,098$635,281$103,590$1,832,059
83$6,031,106$586,818$27,468$1,914,866
84$6,564,180$533,473$0$2,006,205
85$7,149,041$474,928$0$2,122,008
86$7,790,891$410,847$0$2,257,591
87$8,495,457$340,874$0$2,406,653
88$9,269,051$264,634$0$2,570,667
89$10,118,624$181,731$0$2,751,261
90$11,051,834$91,746$0$2,950,242
91$12,077,116$0$0$3,169,607
92$13,203,763$0$0$3,414,741
93$14,442,014$0$0$3,739,796
94$15,803,148$0$0$4,097,274
95$17,299,591$0$0$4,490,459
96$18,945,034$0$0$4,922,971
97$20,754,559$0$0$5,398,794
98$22,744,786$0$0$5,922,323
99$24,934,024$0$0$6,498,396
100$27,342,446$0$0$7,132,347