Can I retire at age 58 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$79,028$78,324$77,637$76,967$76,313$75,705
2 years$39,123$38,394$37,688$37,003$36,339$35,727
3 years$25,823$25,091$24,387$23,708$23,055$22,457
4 years$19,174$18,445$17,747$17,081$16,443$15,863
5 years$15,186$14,461$13,773$13,120$12,500$11,940
6 years$12,528$11,808$11,130$10,492$9,891$9,352
7 years$10,630$9,917$9,249$8,626$8,044$7,527
8 years$9,208$8,500$7,844$7,236$6,673$6,178
9 years$8,102$7,401$6,756$6,164$5,620$5,145
10 years$7,217$6,524$5,890$5,313$4,788$4,335
11 years$6,494$5,808$5,186$4,624$4,118$3,685
12 years$5,892$5,213$4,602$4,056$3,569$3,156
13 years$5,383$4,711$4,112$3,581$3,112$2,719
14 years$4,947$4,282$3,694$3,178$2,728$2,354
15 years$4,570$3,912$3,336$2,835$2,402$2,047
16 years$4,240$3,589$3,024$2,538$2,123$1,786
17 years$3,949$3,305$2,752$2,280$1,882$1,563
18 years$3,691$3,054$2,512$2,055$1,674$1,372
19 years$3,460$2,831$2,300$1,857$1,492$1,206
20 years$3,253$2,630$2,111$1,682$1,332$1,063
21 years$3,065$2,450$1,941$1,526$1,192$938
22 years$2,895$2,287$1,789$1,388$1,069$829
23 years$2,740$2,139$1,652$1,264$959$734
24 years$2,598$2,004$1,528$1,153$862$650
25 years$2,467$1,881$1,415$1,053$776$577
26 years$2,347$1,768$1,312$963$699$512
27 years$2,236$1,663$1,219$881$630$455
28 years$2,133$1,568$1,133$807$569$404
29 years$2,037$1,479$1,054$740$513$359
30 years$1,948$1,397$982$679$464$320
31 years$1,865$1,320$916$624$419$285
32 years$1,787$1,249$854$573$379$254
33 years$1,714$1,183$798$527$343$226
34 years$1,645$1,121$745$485$311$201
35 years$1,581$1,063$697$447$282$180
36 years$1,520$1,009$652$411$255$160
37 years$1,463$959$610$379$231$143
38 years$1,408$911$571$349$210$127
39 years$1,357$866$535$322$190$114
40 years$1,308$824$502$297$172$101
41 years$1,262$785$470$274$156$91
42 years$1,218$747$441$253$142$81
43 years$1,177$712$414$234$129$72
44 years$1,137$679$389$216$117$64
45 years$1,099$647$365$199$106$58
46 years$1,063$617$343$184$96$51
47 years$1,029$589$322$170$88$46
48 years$996$562$303$157$79$41
49 years$964$537$284$145$72$37
50 years$934$513$267$134$66$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $957,000, adding $3,773 every year, while hoping to spend $47,761 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: 71/16/13 Blend
57$957,000$957,000$957,000$957,000
58$1,058,506$1,007,785$992,951$1,130,421
59$1,115,656$1,006,349$975,398$1,177,167
60$1,177,035$1,003,242$955,656$1,222,152
61$1,243,023$998,332$933,601$1,270,135
62$1,314,039$991,477$909,104$1,321,402
63$1,390,542$982,531$882,030$1,376,269
64$1,473,036$971,333$852,236$1,435,085
65$1,562,075$957,718$819,576$1,498,235
66$1,658,268$941,507$783,893$1,566,147
67$1,762,283$922,513$745,025$1,639,289
68$1,874,857$900,537$702,804$1,718,181
69$1,996,797$875,368$657,053$1,803,397
70$2,128,992$846,783$607,586$1,895,570
71$2,272,419$814,546$554,210$1,995,399
72$2,428,154$778,406$496,724$2,103,656
73$2,597,378$738,100$434,917$2,221,194
74$2,781,391$693,348$368,567$2,348,954
75$2,981,625$643,854$297,446$2,487,974
76$3,199,654$589,306$221,314$2,639,402
77$3,437,209$529,373$139,919$2,804,505
78$3,696,198$463,705$52,999$2,984,680
79$3,978,718$391,935$0$3,181,470
80$4,287,078$313,670$0$3,402,094
81$4,623,821$228,501$0$3,651,121
82$4,991,745$135,992$0$3,923,308
83$5,393,930$35,682$0$4,220,987
84$5,833,769$0$0$4,546,731
85$6,314,995$0$0$4,916,214
86$6,841,721$0$0$5,327,554
87$7,418,474$0$0$5,778,013
88$8,050,242$0$0$6,271,491
89$8,742,516$0$0$6,812,284
90$9,501,342$0$0$7,405,122
91$10,333,382$0$0$8,055,215
92$11,245,972$0$0$8,768,304
93$12,247,191$0$0$9,550,709
94$13,345,940$0$0$10,409,392
95$14,552,021$0$0$11,352,023
96$15,876,234$0$0$12,387,050
97$17,330,474$0$0$13,523,779
98$18,927,844$0$0$14,772,461
99$20,682,780$0$0$16,144,391
100$22,611,185$0$0$17,652,010