Can I retire at age 58 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$104,050$103,123$102,219$101,336$100,474$99,841
2 years$51,510$50,550$49,621$48,719$47,845$47,206
3 years$33,999$33,035$32,108$31,215$30,355$29,730
4 years$25,245$24,284$23,366$22,489$21,649$21,044
5 years$19,994$19,039$18,133$17,273$16,457$15,873
6 years$16,495$15,547$14,654$13,814$13,022$12,459
7 years$13,996$13,056$12,178$11,357$10,591$10,049
8 years$12,123$11,192$10,328$9,527$8,786$8,267
9 years$10,667$9,744$8,895$8,115$7,399$6,902
10 years$9,502$8,589$7,755$6,995$6,304$5,828
11 years$8,551$7,646$6,827$6,088$5,422$4,967
12 years$7,758$6,863$6,059$5,340$4,699$4,265
13 years$7,088$6,202$5,414$4,714$4,097$3,684
14 years$6,514$5,638$4,864$4,185$3,592$3,198
15 years$6,017$5,150$4,392$3,732$3,162$2,788
16 years$5,582$4,725$3,982$3,342$2,795$2,439
17 years$5,199$4,352$3,623$3,003$2,478$2,141
18 years$4,859$4,021$3,307$2,706$2,203$1,884
19 years$4,555$3,727$3,028$2,445$1,964$1,661
20 years$4,282$3,463$2,779$2,214$1,754$1,468
21 years$4,036$3,226$2,556$2,010$1,570$1,300
22 years$3,811$3,011$2,356$1,827$1,407$1,152
23 years$3,607$2,816$2,175$1,664$1,263$1,023
24 years$3,420$2,639$2,012$1,518$1,135$909
25 years$3,248$2,476$1,863$1,386$1,022$809
26 years$3,090$2,327$1,728$1,267$920$720
27 years$2,944$2,190$1,605$1,160$830$641
28 years$2,808$2,064$1,492$1,063$749$572
29 years$2,682$1,947$1,388$975$676$510
30 years$2,565$1,839$1,293$895$611$456
31 years$2,455$1,738$1,205$822$552$407
32 years$2,353$1,645$1,125$755$500$364
33 years$2,256$1,558$1,050$694$452$325
34 years$2,166$1,476$981$639$409$291
35 years$2,081$1,400$917$588$371$260
36 years$2,001$1,329$858$542$336$233
37 years$1,926$1,262$803$499$304$208
38 years$1,854$1,200$752$460$276$186
39 years$1,787$1,141$705$424$250$167
40 years$1,723$1,085$660$391$227$149
41 years$1,662$1,033$619$361$206$134
42 years$1,604$984$581$333$187$120
43 years$1,549$937$545$307$170$107
44 years$1,497$894$512$284$154$96
45 years$1,447$852$480$262$140$86
46 years$1,400$813$451$242$127$77
47 years$1,355$776$424$224$115$69
48 years$1,311$740$398$207$105$62
49 years$1,270$707$374$191$95$56
50 years$1,230$675$352$177$86$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,260,000, adding $5,236 every year, while hoping to spend $25,546 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: 78/15/7 Blend
57$1,260,000$1,260,000$1,260,000$1,260,000
58$1,393,921$1,327,141$1,307,611$1,501,101
59$1,508,920$1,364,990$1,324,235$1,610,016
60$1,634,793$1,403,838$1,340,560$1,725,582
61$1,772,622$1,443,706$1,356,549$1,851,563
62$1,923,598$1,484,616$1,372,162$1,988,984
63$2,089,034$1,526,592$1,387,359$2,138,975
64$2,270,376$1,569,654$1,402,095$2,302,777
65$2,469,214$1,613,828$1,416,326$2,481,760
66$2,687,303$1,659,134$1,430,001$2,677,431
67$2,926,573$1,705,597$1,443,071$2,891,449
68$3,189,151$1,753,239$1,455,482$3,125,643
69$3,477,381$1,802,083$1,467,177$3,382,026
70$3,793,842$1,852,154$1,478,095$3,662,816
71$4,141,378$1,903,473$1,488,176$3,970,456
72$4,523,120$1,956,065$1,497,351$4,307,636
73$4,942,519$2,009,953$1,505,553$4,677,322
74$5,403,374$2,065,159$1,512,708$5,082,777
75$5,909,874$2,121,708$1,518,739$5,527,600
76$6,466,630$2,179,620$1,523,566$6,015,752
77$7,078,725$2,238,920$1,527,104$6,551,601
78$7,751,757$2,299,629$1,529,264$7,139,955
79$8,491,895$2,361,770$1,529,953$7,786,113
80$9,305,935$2,425,364$1,529,073$8,495,914
81$10,201,365$2,490,431$1,526,521$9,275,790
82$11,186,434$2,556,993$1,522,190$10,132,828
83$12,270,234$2,625,068$1,515,967$11,074,836
84$13,462,779$2,694,678$1,507,733$12,110,418
85$14,775,104$2,765,839$1,497,364$13,249,054
86$16,219,369$2,838,569$1,484,730$14,501,187
87$17,808,971$2,912,885$1,469,694$15,878,328
88$19,558,672$2,988,802$1,452,115$17,393,157
89$21,484,737$3,066,335$1,431,842$19,059,646
90$23,605,091$3,145,495$1,408,719$20,893,194
91$25,939,481$3,226,295$1,382,582$22,910,765
92$28,509,669$3,308,745$1,353,259$25,131,054
93$31,339,633$3,392,851$1,320,571$27,574,661
94$34,455,796$3,478,622$1,284,331$30,264,284
95$37,887,273$3,566,060$1,244,342$33,224,935
96$41,666,145$3,655,167$1,200,398$36,484,178
97$45,827,766$3,745,944$1,152,284$40,072,384
98$50,411,089$3,838,386$1,099,777$44,023,021
99$55,459,041$3,932,488$1,042,641$48,372,968
100$61,018,924$4,028,241$980,630$53,162,866