Can I retire at age 58 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$72,174$71,531$70,904$70,292$69,694$69,342
2 years$35,730$35,064$34,419$33,794$33,188$32,832
3 years$23,583$22,915$22,272$21,652$21,056$20,708
4 years$17,511$16,845$16,208$15,599$15,017$14,680
5 years$13,869$13,207$12,578$11,982$11,416$11,090
6 years$11,441$10,784$10,165$9,582$9,033$8,719
7 years$9,708$9,057$8,447$7,878$7,346$7,044
8 years$8,409$7,763$7,164$6,608$6,094$5,805
9 years$7,399$6,759$6,170$5,629$5,132$4,854
10 years$6,591$5,958$5,379$4,852$4,373$4,107
11 years$5,931$5,304$4,736$4,223$3,761$3,507
12 years$5,381$4,761$4,203$3,704$3,259$3,016
13 years$4,916$4,302$3,755$3,270$2,842$2,610
14 years$4,518$3,911$3,374$2,903$2,491$2,271
15 years$4,174$3,572$3,046$2,589$2,194$1,983
16 years$3,872$3,278$2,762$2,318$1,939$1,739
17 years$3,607$3,019$2,513$2,083$1,719$1,529
18 years$3,371$2,789$2,294$1,877$1,528$1,349
19 years$3,160$2,585$2,100$1,696$1,362$1,192
20 years$2,970$2,402$1,927$1,536$1,217$1,056
21 years$2,799$2,238$1,773$1,394$1,089$936
22 years$2,644$2,089$1,634$1,268$976$832
23 years$2,502$1,953$1,509$1,154$876$740
24 years$2,372$1,830$1,395$1,053$788$659
25 years$2,253$1,718$1,292$962$709$588
26 years$2,144$1,614$1,199$879$638$525
27 years$2,042$1,519$1,113$805$576$469
28 years$1,948$1,432$1,035$737$519$419
29 years$1,861$1,351$963$676$469$375
30 years$1,779$1,275$897$620$424$335
31 years$1,703$1,206$836$570$383$300
32 years$1,632$1,141$780$524$346$269
33 years$1,565$1,080$728$482$314$241
34 years$1,503$1,024$681$443$284$216
35 years$1,444$971$636$408$257$194
36 years$1,388$922$595$376$233$174
37 years$1,336$876$557$346$211$156
38 years$1,286$832$522$319$191$140
39 years$1,239$791$489$294$174$126
40 years$1,195$753$458$271$157$113
41 years$1,153$717$430$250$143$101
42 years$1,113$682$403$231$130$91
43 years$1,075$650$378$213$118$82
44 years$1,038$620$355$197$107$73
45 years$1,004$591$333$182$97$66
46 years$971$564$313$168$88$59
47 years$940$538$294$155$80$53
48 years$910$514$276$143$73$48
49 years$881$490$260$133$66$43
50 years$853$469$244$123$60$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $874,000, adding $3,804 every year, while hoping to spend $42,457 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: 64/17/19 Blend
57$874,000$874,000$874,000$874,000
58$967,072$920,750$907,203$1,024,083
59$1,020,539$920,693$892,420$1,062,806
60$1,078,037$919,210$875,719$1,099,928
61$1,139,932$916,186$856,991$1,139,482
62$1,206,627$911,501$836,122$1,181,708
63$1,278,562$905,024$812,991$1,226,870
64$1,356,224$896,618$787,475$1,275,263
65$1,440,146$886,140$759,443$1,327,211
66$1,530,914$873,434$728,757$1,383,073
67$1,629,172$858,337$695,275$1,443,247
68$1,735,629$840,676$658,848$1,508,173
69$1,851,063$820,270$619,320$1,578,336
70$1,976,331$796,923$576,526$1,654,273
71$2,112,375$770,430$530,298$1,736,580
72$2,260,231$740,575$480,457$1,825,914
73$2,421,039$707,127$426,816$1,923,001
74$2,596,052$669,843$369,182$2,028,644
75$2,786,650$628,467$307,351$2,143,730
76$2,994,353$582,726$241,111$2,269,242
77$3,220,830$532,333$170,242$2,406,261
78$3,467,922$476,984$94,511$2,555,988
79$3,737,651$416,357$13,679$2,719,743
80$4,032,247$350,114$0$2,898,990
81$4,354,162$277,896$0$3,110,058
82$4,706,097$199,324$0$3,343,932
83$5,091,026$113,997$0$3,599,860
84$5,512,222$21,494$0$3,880,076
85$5,973,290$0$0$4,187,044
86$6,478,200$0$0$4,538,186
87$7,031,324$0$0$4,927,324
88$7,637,474$0$0$5,353,831
89$8,301,955$0$0$5,821,445
90$9,030,604$0$0$6,334,283
91$9,829,854$0$0$6,896,881
92$10,706,788$0$0$7,514,234
93$11,669,210$0$0$8,191,844
94$12,725,714$0$0$8,935,771
95$13,885,768$0$0$9,752,693
96$15,159,802$0$0$10,649,962
97$16,559,305$0$0$11,635,682
98$18,096,932$0$0$12,718,777
99$19,786,628$0$0$13,909,080
100$21,643,752$0$0$15,217,423