Can I retire at age 58?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,000,000

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1%2%3%4%5%6%7%8%9%10%
1 years$82,954$82,579$82,209$81,843$81,482$81,126$80,774$80,425$80,081$79,741
2 years$41,271$40,881$40,497$40,119$39,748$39,381$39,021$38,666$38,316$37,972
3 years$27,377$26,983$26,597$26,218$25,847$25,482$25,125$24,774$24,429$24,091
4 years$20,430$20,036$19,650$19,273$18,905$18,545$18,192$17,848$17,511$17,182
5 years$16,262$15,868$15,484$15,111$14,746$14,391$14,046$13,709$13,381$13,061
6 years$13,484$13,091$12,709$12,339$11,979$11,630$11,292$10,963$10,644$10,335
7 years$11,500$11,108$10,729$10,362$10,008$9,665$9,334$9,013$8,704$8,405
8 years$10,012$9,621$9,245$8,882$8,533$8,197$7,873$7,561$7,261$6,973
9 years$8,855$8,466$8,092$7,734$7,390$7,060$6,743$6,440$6,150$5,872
10 years$7,929$7,542$7,171$6,817$6,478$6,155$5,846$5,552$5,271$5,003
11 years$7,172$6,786$6,419$6,069$5,735$5,419$5,118$4,832$4,560$4,303
12 years$6,541$6,157$5,793$5,447$5,119$4,809$4,515$4,238$3,976$3,729
13 years$6,007$5,625$5,264$4,922$4,600$4,296$4,010$3,742$3,489$3,252
14 years$5,550$5,170$4,811$4,474$4,158$3,860$3,582$3,321$3,078$2,850
15 years$5,153$4,775$4,420$4,087$3,776$3,485$3,214$2,962$2,727$2,510
16 years$4,807$4,430$4,078$3,750$3,444$3,160$2,896$2,652$2,426$2,218
17 years$4,501$4,126$3,778$3,454$3,153$2,875$2,619$2,383$2,166$1,967
18 years$4,229$3,857$3,511$3,191$2,896$2,625$2,376$2,148$1,939$1,749
19 years$3,986$3,615$3,273$2,958$2,668$2,403$2,161$1,940$1,740$1,559
20 years$3,767$3,399$3,059$2,748$2,464$2,205$1,970$1,757$1,565$1,392
21 years$3,570$3,203$2,867$2,560$2,281$2,029$1,800$1,595$1,411$1,246
22 years$3,390$3,025$2,692$2,390$2,116$1,870$1,648$1,450$1,274$1,117
23 years$3,226$2,863$2,533$2,235$1,967$1,726$1,512$1,321$1,152$1,002
24 years$3,075$2,714$2,388$2,094$1,831$1,596$1,388$1,205$1,043$901
25 years$2,937$2,578$2,255$1,965$1,707$1,479$1,277$1,100$945$811
26 years$2,810$2,453$2,132$1,847$1,594$1,371$1,176$1,006$858$730
27 years$2,691$2,336$2,019$1,738$1,490$1,273$1,084$921$780$658
28 years$2,582$2,229$1,915$1,638$1,395$1,184$1,001$844$709$594
29 years$2,480$2,129$1,818$1,545$1,307$1,102$925$774$645$537
30 years$2,385$2,036$1,728$1,459$1,226$1,026$855$710$588$485

Sample Expected Returns by Investment Class

Person retiring at age 58 starting with $1,000,000, adding $3,683 every year, while hoping to spend $60,918 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: 50/30/20 Blend
57$1,000,000$1,000,000$1,000,000$1,000,000
58$1,105,799$1,052,799$1,037,299$1,154,746
59$1,153,774$1,039,570$1,007,232$1,175,770
60$1,204,601$1,023,651$974,117$1,192,069
61$1,258,507$1,004,846$937,785$1,208,495
62$1,315,738$982,947$898,065$1,225,085
63$1,376,566$957,734$854,773$1,241,881
64$1,441,287$928,974$807,719$1,258,933
65$1,510,226$896,421$756,705$1,276,301
66$1,583,737$859,814$701,523$1,294,058
67$1,662,209$818,876$641,955$1,312,284
68$1,746,069$773,315$577,775$1,331,076
69$1,835,783$722,823$508,746$1,350,546
70$1,931,864$667,073$434,620$1,370,822
71$2,034,874$605,719$355,139$1,392,051
72$2,145,428$538,397$270,034$1,414,403
73$2,264,204$464,720$179,021$1,438,071
74$2,391,942$384,281$81,808$1,463,276
75$2,529,459$296,649$0$1,490,266
76$2,677,649$201,370$0$1,524,008
77$2,837,495$97,963$0$1,579,076
78$3,010,078$0$0$1,638,430
79$3,196,583$0$0$1,707,202
80$3,398,315$0$0$1,816,652
81$3,616,708$0$0$1,935,229
82$3,853,338$0$0$2,063,798
83$4,109,937$0$0$2,203,313
84$4,388,411$0$0$2,354,823
85$4,690,857$0$0$2,519,480
86$5,019,579$0$0$2,698,552
87$5,377,114$0$0$2,893,436
88$5,766,251$0$0$3,105,666
89$6,190,062$0$0$3,336,933
90$6,651,925$0$0$3,589,095
91$7,155,558$0$0$3,864,198
92$7,705,053$0$0$4,164,497
93$8,304,914$0$0$4,492,470
94$8,960,101$0$0$4,850,846
95$9,676,072$0$0$5,242,632
96$10,458,836$0$0$5,671,135
97$11,315,010$0$0$6,139,999
98$12,251,879$0$0$6,653,235
99$13,277,465$0$0$7,215,260
100$14,400,601$0$0$7,830,938
Retirement Simulation By Amount
$1,000$2,000$3,000$4,000$5,000$6,000$7,000$8,000$9,000$10,000
$11,000$12,000$13,000$14,000$15,000$16,000$17,000$18,000$19,000$20,000
$21,000$22,000$23,000$24,000$25,000$26,000$27,000$28,000$29,000$30,000
$31,000$32,000$33,000$34,000$35,000$36,000$37,000$38,000$39,000$40,000
$41,000$42,000$43,000$44,000$45,000$46,000$47,000$48,000$49,000$50,000
$51,000$52,000$53,000$54,000$55,000$56,000$57,000$58,000$59,000$60,000
$61,000$62,000$63,000$64,000$65,000$66,000$67,000$68,000$69,000$70,000
$71,000$72,000$73,000$74,000$75,000$76,000$77,000$78,000$79,000$80,000
$81,000$82,000$83,000$84,000$85,000$86,000$87,000$88,000$89,000$90,000
$91,000$92,000$93,000$94,000$95,000$96,000$97,000$98,000$99,000$100,000
$101,000$102,000$103,000$104,000$105,000$106,000$107,000$108,000$109,000$110,000
$111,000$112,000$113,000$114,000$115,000$116,000$117,000$118,000$119,000$120,000
$121,000$122,000$123,000$124,000$125,000$126,000$127,000$128,000$129,000$130,000
$131,000$132,000$133,000$134,000$135,000$136,000$137,000$138,000$139,000$140,000
$141,000$142,000$143,000$144,000$145,000$146,000$147,000$148,000$149,000$150,000
$151,000$152,000$153,000$154,000$155,000$156,000$157,000$158,000$159,000$160,000
$161,000$162,000$163,000$164,000$165,000$166,000$167,000$168,000$169,000$170,000
$171,000$172,000$173,000$174,000$175,000$176,000$177,000$178,000$179,000$180,000
$181,000$182,000$183,000$184,000$185,000$186,000$187,000$188,000$189,000$190,000
$191,000$192,000$193,000$194,000$195,000$196,000$197,000$198,000$199,000$200,000
$201,000$202,000$203,000$204,000$205,000$206,000$207,000$208,000$209,000$210,000
$211,000$212,000$213,000$214,000$215,000$216,000$217,000$218,000$219,000$220,000
$221,000$222,000$223,000$224,000$225,000$226,000$227,000$228,000$229,000$230,000
$231,000$232,000$233,000$234,000$235,000$236,000$237,000$238,000$239,000$240,000
$241,000$242,000$243,000$244,000$245,000$246,000$247,000$248,000$249,000$250,000
$251,000$252,000$253,000$254,000$255,000$256,000$257,000$258,000$259,000$260,000
$261,000$262,000$263,000$264,000$265,000$266,000$267,000$268,000$269,000$270,000
$271,000$272,000$273,000$274,000$275,000$276,000$277,000$278,000$279,000$280,000
$281,000$282,000$283,000$284,000$285,000$286,000$287,000$288,000$289,000$290,000
$291,000$292,000$293,000$294,000$295,000$296,000$297,000$298,000$299,000$300,000
$301,000$302,000$303,000$304,000$305,000$306,000$307,000$308,000$309,000$310,000
$311,000$312,000$313,000$314,000$315,000$316,000$317,000$318,000$319,000$320,000
$321,000$322,000$323,000$324,000$325,000$326,000$327,000$328,000$329,000$330,000
$331,000$332,000$333,000$334,000$335,000$336,000$337,000$338,000$339,000$340,000
$341,000$342,000$343,000$344,000$345,000$346,000$347,000$348,000$349,000$350,000
$351,000$352,000$353,000$354,000$355,000$356,000$357,000$358,000$359,000$360,000
$361,000$362,000$363,000$364,000$365,000$366,000$367,000$368,000$369,000$370,000
$371,000$372,000$373,000$374,000$375,000$376,000$377,000$378,000$379,000$380,000
$381,000$382,000$383,000$384,000$385,000$386,000$387,000$388,000$389,000$390,000
$391,000$392,000$393,000$394,000$395,000$396,000$397,000$398,000$399,000$400,000
$401,000$402,000$403,000$404,000$405,000$406,000$407,000$408,000$409,000$410,000
$411,000$412,000$413,000$414,000$415,000$416,000$417,000$418,000$419,000$420,000
$421,000$422,000$423,000$424,000$425,000$426,000$427,000$428,000$429,000$430,000
$431,000$432,000$433,000$434,000$435,000$436,000$437,000$438,000$439,000$440,000
$441,000$442,000$443,000$444,000$445,000$446,000$447,000$448,000$449,000$450,000
$451,000$452,000$453,000$454,000$455,000$456,000$457,000$458,000$459,000$460,000
$461,000$462,000$463,000$464,000$465,000$466,000$467,000$468,000$469,000$470,000
$471,000$472,000$473,000$474,000$475,000$476,000$477,000$478,000$479,000$480,000
$481,000$482,000$483,000$484,000$485,000$486,000$487,000$488,000$489,000$490,000
$491,000$492,000$493,000$494,000$495,000$496,000$497,000$498,000$499,000$500,000
$501,000$502,000$503,000$504,000$505,000$506,000$507,000$508,000$509,000$510,000
$511,000$512,000$513,000$514,000$515,000$516,000$517,000$518,000$519,000$520,000
$521,000$522,000$523,000$524,000$525,000$526,000$527,000$528,000$529,000$530,000
$531,000$532,000$533,000$534,000$535,000$536,000$537,000$538,000$539,000$540,000
$541,000$542,000$543,000$544,000$545,000$546,000$547,000$548,000$549,000$550,000
$551,000$552,000$553,000$554,000$555,000$556,000$557,000$558,000$559,000$560,000
$561,000$562,000$563,000$564,000$565,000$566,000$567,000$568,000$569,000$570,000
$571,000$572,000$573,000$574,000$575,000$576,000$577,000$578,000$579,000$580,000
$581,000$582,000$583,000$584,000$585,000$586,000$587,000$588,000$589,000$590,000
$591,000$592,000$593,000$594,000$595,000$596,000$597,000$598,000$599,000$600,000
$601,000$602,000$603,000$604,000$605,000$606,000$607,000$608,000$609,000$610,000
$611,000$612,000$613,000$614,000$615,000$616,000$617,000$618,000$619,000$620,000
$621,000$622,000$623,000$624,000$625,000$626,000$627,000$628,000$629,000$630,000
$631,000$632,000$633,000$634,000$635,000$636,000$637,000$638,000$639,000$640,000
$641,000$642,000$643,000$644,000$645,000$646,000$647,000$648,000$649,000$650,000
$651,000$652,000$653,000$654,000$655,000$656,000$657,000$658,000$659,000$660,000
$661,000$662,000$663,000$664,000$665,000$666,000$667,000$668,000$669,000$670,000
$671,000$672,000$673,000$674,000$675,000$676,000$677,000$678,000$679,000$680,000
$681,000$682,000$683,000$684,000$685,000$686,000$687,000$688,000$689,000$690,000
$691,000$692,000$693,000$694,000$695,000$696,000$697,000$698,000$699,000$700,000
$701,000$702,000$703,000$704,000$705,000$706,000$707,000$708,000$709,000$710,000
$711,000$712,000$713,000$714,000$715,000$716,000$717,000$718,000$719,000$720,000
$721,000$722,000$723,000$724,000$725,000$726,000$727,000$728,000$729,000$730,000
$731,000$732,000$733,000$734,000$735,000$736,000$737,000$738,000$739,000$740,000
$741,000$742,000$743,000$744,000$745,000$746,000$747,000$748,000$749,000$750,000
$751,000$752,000$753,000$754,000$755,000$756,000$757,000$758,000$759,000$760,000
$761,000$762,000$763,000$764,000$765,000$766,000$767,000$768,000$769,000$770,000
$771,000$772,000$773,000$774,000$775,000$776,000$777,000$778,000$779,000$780,000
$781,000$782,000$783,000$784,000$785,000$786,000$787,000$788,000$789,000$790,000
$791,000$792,000$793,000$794,000$795,000$796,000$797,000$798,000$799,000$800,000
$801,000$802,000$803,000$804,000$805,000$806,000$807,000$808,000$809,000$810,000
$811,000$812,000$813,000$814,000$815,000$816,000$817,000$818,000$819,000$820,000
$821,000$822,000$823,000$824,000$825,000$826,000$827,000$828,000$829,000$830,000
$831,000$832,000$833,000$834,000$835,000$836,000$837,000$838,000$839,000$840,000
$841,000$842,000$843,000$844,000$845,000$846,000$847,000$848,000$849,000$850,000
$851,000$852,000$853,000$854,000$855,000$856,000$857,000$858,000$859,000$860,000
$861,000$862,000$863,000$864,000$865,000$866,000$867,000$868,000$869,000$870,000
$871,000$872,000$873,000$874,000$875,000$876,000$877,000$878,000$879,000$880,000
$881,000$882,000$883,000$884,000$885,000$886,000$887,000$888,000$889,000$890,000
$891,000$892,000$893,000$894,000$895,000$896,000$897,000$898,000$899,000$900,000
$901,000$902,000$903,000$904,000$905,000$906,000$907,000$908,000$909,000$910,000
$911,000$912,000$913,000$914,000$915,000$916,000$917,000$918,000$919,000$920,000
$921,000$922,000$923,000$924,000$925,000$926,000$927,000$928,000$929,000$930,000
$931,000$932,000$933,000$934,000$935,000$936,000$937,000$938,000$939,000$940,000
$941,000$942,000$943,000$944,000$945,000$946,000$947,000$948,000$949,000$950,000
$951,000$952,000$953,000$954,000$955,000$956,000$957,000$958,000$959,000$960,000
$961,000$962,000$963,000$964,000$965,000$966,000$967,000$968,000$969,000$970,000
$971,000$972,000$973,000$974,000$975,000$976,000$977,000$978,000$979,000$980,000
$981,000$982,000$983,000$984,000$985,000$986,000$987,000$988,000$989,000$990,000
$991,000$992,000$993,000$994,000$995,000$996,000$997,000$998,000$999,000$1,000,000
$1,010,000$1,020,000$1,030,000$1,040,000$1,050,000$1,060,000$1,070,000$1,080,000$1,090,000$1,100,000
$1,110,000$1,120,000$1,130,000$1,140,000$1,150,000$1,160,000$1,170,000$1,180,000$1,190,000$1,200,000
$1,210,000$1,220,000$1,230,000$1,240,000$1,250,000$1,260,000$1,270,000$1,280,000$1,290,000$1,300,000
$1,310,000$1,320,000$1,330,000$1,340,000$1,350,000$1,360,000$1,370,000$1,380,000$1,390,000$1,400,000
$1,410,000$1,420,000$1,430,000$1,440,000$1,450,000$1,460,000$1,470,000$1,480,000$1,490,000$1,500,000
$1,510,000$1,520,000$1,530,000$1,540,000$1,550,000$1,560,000$1,570,000$1,580,000$1,590,000$1,600,000
$1,610,000$1,620,000$1,630,000$1,640,000$1,650,000$1,660,000$1,670,000$1,680,000$1,690,000$1,700,000
$1,710,000$1,720,000$1,730,000$1,740,000$1,750,000$1,760,000$1,770,000$1,780,000$1,790,000$1,800,000
$1,810,000$1,820,000$1,830,000$1,840,000$1,850,000$1,860,000$1,870,000$1,880,000$1,890,000$1,900,000
$1,910,000$1,920,000$1,930,000$1,940,000$1,950,000$1,960,000$1,970,000$1,980,000$1,990,000$2,000,000
$2,010,000$2,020,000$2,030,000$2,040,000$2,050,000$2,060,000$2,070,000$2,080,000$2,090,000$2,100,000
$2,110,000$2,120,000$2,130,000$2,140,000$2,150,000$2,160,000$2,170,000$2,180,000$2,190,000$2,200,000
$2,210,000$2,220,000$2,230,000$2,240,000$2,250,000$2,260,000$2,270,000$2,280,000$2,290,000$2,300,000
$2,310,000$2,320,000$2,330,000$2,340,000$2,350,000$2,360,000$2,370,000$2,380,000$2,390,000$2,400,000
$2,410,000$2,420,000$2,430,000$2,440,000$2,450,000$2,460,000$2,470,000$2,480,000$2,490,000$2,500,000
$2,510,000$2,520,000$2,530,000$2,540,000$2,550,000$2,560,000$2,570,000$2,580,000$2,590,000$2,600,000
$2,610,000$2,620,000$2,630,000$2,640,000$2,650,000$2,660,000$2,670,000$2,680,000$2,690,000$2,700,000
$2,710,000$2,720,000$2,730,000$2,740,000$2,750,000$2,760,000$2,770,000$2,780,000$2,790,000$2,800,000
$2,810,000$2,820,000$2,830,000$2,840,000$2,850,000$2,860,000$2,870,000$2,880,000$2,890,000$2,900,000
$2,910,000$2,920,000$2,930,000$2,940,000$2,950,000$2,960,000$2,970,000$2,980,000$2,990,000$3,000,000
$3,100,000$3,200,000$3,300,000$3,400,000$3,500,000$3,600,000$3,700,000$3,800,000$3,900,000$4,000,000
$4,100,000$4,200,000$4,300,000$4,400,000$4,500,000$4,600,000$4,700,000$4,800,000$4,900,000$5,000,000
$5,100,000$5,200,000$5,300,000$5,400,000$5,500,000$5,600,000$5,700,000$5,800,000$5,900,000$6,000,000
$6,100,000$6,200,000$6,300,000$6,400,000$6,500,000$6,600,000$6,700,000$6,800,000$6,900,000$7,000,000
$7,100,000$7,200,000$7,300,000$7,400,000$7,500,000$7,600,000$7,700,000$7,800,000$7,900,000$8,000,000
$8,100,000$8,200,000$8,300,000$8,400,000$8,500,000$8,600,000$8,700,000$8,800,000$8,900,000$9,000,000
$9,100,000$9,200,000$9,300,000$9,400,000$9,500,000$9,600,000$9,700,000$9,800,000$9,900,000$10,000,000
$10,100,000$10,200,000$10,300,000$10,400,000$10,500,000$10,600,000$10,700,000$10,800,000$10,900,000$11,000,000
$11,100,000$11,200,000$11,300,000$11,400,000$11,500,000$11,600,000$11,700,000$11,800,000$11,900,000$12,000,000
$12,100,000$12,200,000$12,300,000$12,400,000$12,500,000$12,600,000$12,700,000$12,800,000$12,900,000$13,000,000
$13,100,000$13,200,000$13,300,000$13,400,000$13,500,000$13,600,000$13,700,000$13,800,000$13,900,000$14,000,000
$14,100,000$14,200,000$14,300,000$14,400,000$14,500,000$14,600,000$14,700,000$14,800,000$14,900,000$15,000,000
$15,100,000$15,200,000$15,300,000$15,400,000$15,500,000$15,600,000$15,700,000$15,800,000$15,900,000$16,000,000
$16,100,000$16,200,000$16,300,000$16,400,000$16,500,000$16,600,000$16,700,000$16,800,000$16,900,000$17,000,000
$17,100,000$17,200,000$17,300,000$17,400,000$17,500,000$17,600,000$17,700,000$17,800,000$17,900,000$18,000,000
$18,100,000$18,200,000$18,300,000$18,400,000$18,500,000$18,600,000$18,700,000$18,800,000$18,900,000$19,000,000
$19,100,000$19,200,000$19,300,000$19,400,000$19,500,000$19,600,000$19,700,000$19,800,000$19,900,000$20,000,000