Can I retire at age 58 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$103,224$102,304$101,407$100,532$99,677$96,447
2 years$51,101$50,149$49,227$48,333$47,465$44,242
3 years$33,729$32,773$31,853$30,967$30,114$26,998
4 years$25,045$24,092$23,181$22,310$21,477$18,493
5 years$19,835$18,888$17,989$17,136$16,327$13,481
6 years$16,364$15,424$14,538$13,704$12,919$10,215
7 years$13,885$12,953$12,081$11,267$10,506$7,944
8 years$12,027$11,103$10,246$9,451$8,716$6,293
9 years$10,582$9,667$8,825$8,051$7,340$5,053
10 years$9,427$8,521$7,694$6,940$6,254$4,100
11 years$8,483$7,586$6,773$6,040$5,379$3,354
12 years$7,696$6,809$6,011$5,298$4,661$2,761
13 years$7,031$6,153$5,371$4,677$4,065$2,284
14 years$6,462$5,593$4,825$4,152$3,563$1,898
15 years$5,969$5,109$4,357$3,703$3,137$1,582
16 years$5,538$4,688$3,950$3,315$2,773$1,322
17 years$5,158$4,317$3,594$2,979$2,458$1,108
18 years$4,821$3,989$3,281$2,684$2,186$930
19 years$4,519$3,697$3,004$2,426$1,948$781
20 years$4,248$3,436$2,757$2,197$1,740$658
21 years$4,004$3,200$2,536$1,994$1,557$554
22 years$3,781$2,987$2,337$1,813$1,396$467
23 years$3,579$2,794$2,158$1,651$1,253$394
24 years$3,393$2,618$1,996$1,506$1,126$333
25 years$3,223$2,457$1,848$1,375$1,014$282
26 years$3,066$2,309$1,714$1,257$913$238
27 years$2,921$2,173$1,592$1,151$823$201
28 years$2,786$2,047$1,480$1,054$743$170
29 years$2,661$1,931$1,377$967$671$144
30 years$2,544$1,824$1,283$887$606$122
31 years$2,436$1,724$1,196$815$548$103
32 years$2,334$1,632$1,116$749$496$87
33 years$2,239$1,545$1,042$689$448$74
34 years$2,149$1,464$973$634$406$63
35 years$2,065$1,389$910$583$368$53
36 years$1,985$1,318$851$537$333$45
37 years$1,910$1,252$797$495$302$38
38 years$1,840$1,190$746$456$274$32
39 years$1,772$1,132$699$421$248$27
40 years$1,709$1,077$655$388$225$23
41 years$1,649$1,025$614$358$204$20
42 years$1,591$976$576$330$185$17
43 years$1,537$930$541$305$168$14
44 years$1,485$886$508$282$153$12
45 years$1,436$845$477$260$139$10
46 years$1,389$806$448$240$126$9
47 years$1,344$770$421$222$114$7
48 years$1,301$735$395$205$104$6
49 years$1,260$702$372$190$94$5
50 years$1,220$670$349$175$86$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,250,000, adding $3,468 every year, while hoping to spend $38,543 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: 73/21/6 Blend
57$1,250,000$1,250,000$1,250,000$1,250,000
58$1,381,077$1,314,827$1,295,452$1,480,685
59$1,480,938$1,338,244$1,297,840$1,570,194
60$1,589,692$1,361,517$1,299,017$1,662,994
61$1,708,207$1,384,598$1,298,900$1,763,528
62$1,837,436$1,407,435$1,297,405$1,872,544
63$1,978,428$1,429,973$1,294,442$1,990,871
64$2,132,340$1,452,153$1,289,918$2,119,419
65$2,300,441$1,473,912$1,283,733$2,259,191
66$2,484,134$1,495,181$1,275,785$2,411,292
67$2,684,957$1,515,887$1,265,966$2,576,938
68$2,904,609$1,535,952$1,254,163$2,757,471
69$3,144,958$1,555,292$1,240,256$2,954,369
70$3,408,062$1,573,819$1,224,122$3,169,258
71$3,696,184$1,591,436$1,205,630$3,403,933
72$4,011,821$1,608,043$1,184,645$3,660,370
73$4,357,719$1,623,530$1,161,023$3,940,746
74$4,736,905$1,637,781$1,134,616$4,247,461
75$5,152,711$1,650,674$1,105,267$4,583,159
76$5,608,808$1,662,077$1,072,814$4,950,754
77$6,109,237$1,671,850$1,037,084$5,353,456
78$6,658,453$1,679,844$997,900$5,794,806
79$7,261,360$1,685,902$955,075$6,278,701
80$7,923,362$1,689,854$908,412$6,809,441
81$8,650,410$1,691,522$857,709$7,391,760
82$9,449,062$1,690,716$802,752$8,030,879
83$10,326,539$1,687,234$743,318$8,732,551
84$11,290,800$1,680,862$679,173$9,503,115
85$12,350,611$1,671,374$610,074$10,349,559
86$13,515,628$1,658,527$535,767$11,279,582
87$14,796,494$1,642,066$455,987$12,301,673
88$16,204,929$1,621,720$370,455$13,425,184
89$17,753,849$1,597,201$278,882$14,660,424
90$19,457,483$1,568,206$180,967$16,018,755
91$21,331,510$1,534,411$76,392$17,512,698
92$23,393,202$1,495,476$0$19,156,054
93$25,661,592$1,451,037$0$20,966,287
94$28,157,650$1,400,713$0$22,963,271
95$30,904,481$1,344,099$0$25,160,610
96$33,927,543$1,280,765$0$27,578,688
97$37,254,887$1,210,257$0$30,239,973
98$40,917,424$1,132,098$0$33,169,222
99$44,949,208$1,045,778$0$36,393,724
100$49,387,768$950,762$0$39,943,547