Can I retire at age 58 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$104,875$103,941$103,030$102,140$101,272$97,912
2 years$51,919$50,952$50,014$49,106$48,225$44,873
3 years$34,269$33,297$32,363$31,463$30,596$27,356
4 years$25,445$24,477$23,552$22,667$21,821$18,719
5 years$20,153$19,190$18,277$17,410$16,588$13,632
6 years$16,625$15,670$14,771$13,923$13,126$10,318
7 years$14,107$13,160$12,274$11,447$10,675$8,015
8 years$12,219$11,281$10,410$9,603$8,856$6,341
9 years$10,751$9,822$8,966$8,179$7,458$5,086
10 years$9,578$8,657$7,817$7,051$6,354$4,122
11 years$8,618$7,707$6,882$6,136$5,465$3,367
12 years$7,819$6,918$6,107$5,382$4,736$2,768
13 years$7,144$6,251$5,456$4,752$4,130$2,287
14 years$6,565$5,682$4,903$4,218$3,620$1,898
15 years$6,064$5,191$4,426$3,762$3,187$1,580
16 years$5,627$4,763$4,013$3,368$2,817$1,318
17 years$5,241$4,386$3,652$3,026$2,498$1,103
18 years$4,898$4,053$3,334$2,727$2,221$924
19 years$4,592$3,756$3,052$2,464$1,980$776
20 years$4,316$3,491$2,801$2,232$1,768$652
21 years$4,068$3,251$2,576$2,026$1,582$548
22 years$3,842$3,035$2,374$1,842$1,418$462
23 years$3,636$2,839$2,192$1,677$1,273$389
24 years$3,447$2,660$2,028$1,530$1,144$328
25 years$3,274$2,496$1,878$1,397$1,030$277
26 years$3,115$2,346$1,742$1,277$928$234
27 years$2,967$2,208$1,617$1,169$836$197
28 years$2,831$2,080$1,503$1,071$755$167
29 years$2,704$1,962$1,399$982$681$141
30 years$2,585$1,853$1,303$902$616$119
31 years$2,475$1,752$1,215$828$557$101
32 years$2,371$1,658$1,134$761$503$85
33 years$2,274$1,570$1,058$700$456$72
34 years$2,183$1,488$989$644$413$61
35 years$2,098$1,411$925$593$374$51
36 years$2,017$1,339$865$546$339$43
37 years$1,941$1,272$810$503$307$37
38 years$1,869$1,209$758$464$278$31
39 years$1,801$1,150$710$427$252$26
40 years$1,736$1,094$666$394$229$22
41 years$1,675$1,041$624$364$208$19
42 years$1,617$992$586$336$188$16
43 years$1,562$945$549$310$171$13
44 years$1,509$901$516$286$155$11
45 years$1,459$859$484$264$141$10
46 years$1,411$819$455$244$128$8
47 years$1,365$782$427$226$116$7
48 years$1,322$746$402$208$105$6
49 years$1,280$713$377$193$96$5
50 years$1,240$681$355$178$87$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,270,000, adding $6,710 every year, while hoping to spend $48,973 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: 61/24/15 Blend
57$1,270,000$1,270,000$1,270,000$1,270,000
58$1,406,461$1,339,151$1,319,466$1,486,600
59$1,497,814$1,352,663$1,311,562$1,554,848
60$1,596,842$1,365,195$1,301,751$1,623,181
61$1,704,279$1,376,648$1,289,918$1,696,585
62$1,820,928$1,386,916$1,275,942$1,775,555
63$1,947,673$1,395,886$1,259,697$1,860,638
64$2,085,488$1,403,437$1,241,050$1,952,437
65$2,235,444$1,409,442$1,219,861$2,051,619
66$2,398,718$1,413,763$1,195,985$2,158,918
67$2,576,607$1,416,257$1,169,271$2,275,146
68$2,770,537$1,416,770$1,139,557$2,401,199
69$2,982,078$1,415,138$1,106,678$2,538,064
70$3,212,958$1,411,188$1,070,460$2,686,834
71$3,465,079$1,404,735$1,030,720$2,848,712
72$3,740,535$1,395,585$987,267$3,025,027
73$4,041,631$1,383,530$939,902$3,217,246
74$4,370,905$1,368,350$888,416$3,426,988
75$4,731,151$1,349,814$832,592$3,656,038
76$5,125,447$1,327,672$772,202$3,906,368
77$5,557,180$1,301,666$707,008$4,180,153
78$6,030,080$1,271,516$636,761$4,479,792
79$6,548,258$1,236,930$561,202$4,807,935
80$7,116,239$1,197,597$480,060$5,167,502
81$7,739,005$1,153,189$393,052$5,561,718
82$8,422,045$1,103,358$299,881$5,994,139
83$9,171,406$1,047,735$200,240$6,468,689
84$9,993,747$985,931$93,806$6,989,696
85$10,896,403$917,535$0$7,561,936
86$11,887,453$842,112$0$8,193,842
87$12,975,799$759,200$0$8,904,288
88$14,171,244$668,315$0$9,684,711
89$15,484,590$568,941$0$10,542,244
90$16,927,735$460,536$0$11,484,746
91$18,513,788$342,527$0$12,520,886
92$20,257,190$214,307$0$13,660,219
93$22,173,852$75,236$0$14,913,278
94$24,281,302$0$0$16,291,676
95$26,598,852$0$0$17,828,116
96$29,147,779$0$0$19,539,913
97$31,951,525$0$0$21,422,952
98$35,035,920$0$0$23,494,596
99$38,429,421$0$0$25,773,972
100$42,163,385$0$0$28,282,157