Can I retire at age 58 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$73,165$72,513$71,877$71,257$70,651$68,776
2 years$36,220$35,546$34,892$34,258$33,643$31,767
3 years$23,907$23,230$22,577$21,950$21,345$19,526
4 years$17,752$17,076$16,431$15,813$15,223$13,476
5 years$14,059$13,388$12,751$12,146$11,572$9,902
6 years$11,599$10,932$10,305$9,713$9,157$7,565
7 years$9,842$9,181$8,563$7,986$7,447$5,933
8 years$8,524$7,870$7,262$6,699$6,178$4,742
9 years$7,501$6,852$6,255$5,706$5,203$3,843
10 years$6,682$6,040$5,453$4,919$4,433$3,148
11 years$6,013$5,377$4,801$4,281$3,813$2,600
12 years$5,455$4,826$4,261$3,755$3,304$2,161
13 years$4,984$4,361$3,807$3,315$2,881$1,806
14 years$4,580$3,964$3,420$2,943$2,526$1,516
15 years$4,231$3,621$3,088$2,624$2,224$1,277
16 years$3,925$3,323$2,800$2,350$1,965$1,079
17 years$3,656$3,060$2,548$2,111$1,743$914
18 years$3,417$2,828$2,326$1,903$1,549$776
19 years$3,203$2,621$2,129$1,719$1,381$660
20 years$3,011$2,435$1,954$1,557$1,234$562
21 years$2,838$2,268$1,797$1,413$1,104$479
22 years$2,680$2,117$1,656$1,285$989$408
23 years$2,536$1,980$1,529$1,170$888$349
24 years$2,405$1,855$1,414$1,067$798$298
25 years$2,284$1,741$1,310$975$718$255
26 years$2,173$1,636$1,215$891$647$218
27 years$2,070$1,540$1,128$816$583$187
28 years$1,975$1,451$1,049$747$526$160
29 years$1,886$1,369$976$685$475$137
30 years$1,804$1,293$909$629$430$117
31 years$1,726$1,222$848$578$388$101
32 years$1,654$1,156$791$531$351$86
33 years$1,587$1,095$738$488$318$74
34 years$1,523$1,038$690$449$288$63
35 years$1,463$985$645$414$261$54
36 years$1,407$934$603$381$236$47
37 years$1,354$888$565$351$214$40
38 years$1,304$843$529$323$194$34
39 years$1,256$802$496$298$176$29
40 years$1,211$763$464$275$160$25
41 years$1,169$726$435$254$145$22
42 years$1,128$692$409$234$131$19
43 years$1,089$659$383$216$119$16
44 years$1,053$628$360$200$108$14
45 years$1,018$599$338$184$98$12
46 years$984$572$317$170$89$10
47 years$952$545$298$157$81$9
48 years$922$521$280$145$74$7
49 years$893$497$263$134$67$6
50 years$865$475$248$124$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $886,000, adding $4,722 every year, while hoping to spend $36,518 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: 53/19/28 Blend
57$886,000$886,000$886,000$886,000
58$981,243$934,285$920,552$1,025,352
59$1,042,475$941,210$912,535$1,063,356
60$1,108,728$947,250$903,026$1,100,594
61$1,180,477$952,324$891,937$1,140,393
62$1,258,242$956,345$879,173$1,183,015
63$1,342,596$959,219$864,638$1,228,748
64$1,434,169$960,848$848,231$1,277,909
65$1,533,652$961,128$829,846$1,330,853
66$1,641,809$959,947$809,370$1,387,970
67$1,759,477$957,188$786,687$1,449,691
68$1,887,579$952,725$761,676$1,516,497
69$2,027,128$946,426$734,209$1,588,917
70$2,179,243$938,149$704,153$1,667,535
71$2,345,153$927,744$671,368$1,753,000
72$2,526,209$915,054$635,709$1,846,029
73$2,723,901$899,911$597,025$1,947,413
74$2,939,868$882,136$555,154$2,058,029
75$3,175,915$861,541$509,933$2,178,846
76$3,434,029$837,927$461,186$2,310,933
77$3,716,396$811,082$408,732$2,455,474
78$4,025,426$780,782$352,382$2,613,776
79$4,363,771$746,792$291,938$2,787,284
80$4,734,351$708,860$227,193$2,977,595
81$5,140,383$666,722$157,932$3,186,471
82$5,585,408$620,098$83,930$3,415,862
83$6,073,329$568,692$4,950$3,667,917
84$6,608,441$512,190$0$3,945,014
85$7,195,476$450,262$0$4,273,479
86$7,839,648$382,558$0$4,635,627
87$8,546,698$308,709$0$5,033,255
88$9,322,951$228,325$0$5,469,979
89$10,175,372$140,993$0$5,949,787
90$11,111,637$46,279$0$6,477,072
91$12,140,200$0$0$7,056,680
92$13,270,374$0$0$7,705,721
93$14,512,420$0$0$8,429,734
94$15,877,642$0$0$9,225,644
95$17,378,492$0$0$10,100,723
96$19,028,692$0$0$11,062,984
97$20,843,355$0$0$12,121,252
98$22,839,137$0$0$13,285,254
99$25,034,386$0$0$14,565,705
100$27,449,319$0$0$15,974,410