Can I retire at age 58 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$113,133$112,126$111,142$110,183$109,246$108,648
2 years$56,007$54,964$53,953$52,972$52,022$51,419
3 years$36,967$35,919$34,911$33,940$33,005$32,415
4 years$27,449$26,404$25,406$24,452$23,539$22,968
5 years$21,740$20,701$19,716$18,781$17,894$17,342
6 years$17,935$16,904$15,934$15,020$14,159$13,627
7 years$15,218$14,196$13,241$12,348$11,515$11,004
8 years$13,181$12,169$11,229$10,359$9,553$9,062
9 years$11,598$10,595$9,672$8,823$8,045$7,574
10 years$10,332$9,339$8,432$7,606$6,855$6,404
11 years$9,297$8,314$7,424$6,619$5,895$5,464
12 years$8,435$7,462$6,588$5,806$5,109$4,697
13 years$7,706$6,744$5,886$5,126$4,455$4,063
14 years$7,082$6,130$5,289$4,550$3,905$3,532
15 years$6,542$5,600$4,775$4,058$3,438$3,083
16 years$6,070$5,138$4,329$3,633$3,039$2,701
17 years$5,653$4,732$3,939$3,265$2,694$2,374
18 years$5,284$4,372$3,596$2,942$2,396$2,092
19 years$4,953$4,052$3,292$2,658$2,135$1,847
20 years$4,656$3,765$3,021$2,408$1,907$1,635
21 years$4,388$3,507$2,779$2,185$1,707$1,449
22 years$4,144$3,274$2,561$1,987$1,530$1,287
23 years$3,922$3,062$2,365$1,809$1,373$1,144
24 years$3,719$2,869$2,187$1,650$1,234$1,018
25 years$3,532$2,692$2,026$1,507$1,111$907
26 years$3,360$2,530$1,879$1,378$1,001$809
27 years$3,201$2,381$1,745$1,261$902$722
28 years$3,053$2,244$1,622$1,156$814$645
29 years$2,916$2,117$1,509$1,060$735$576
30 years$2,789$1,999$1,406$973$664$515
31 years$2,670$1,890$1,311$893$600$461
32 years$2,558$1,788$1,223$821$543$413
33 years$2,453$1,693$1,142$755$492$370
34 years$2,355$1,605$1,067$695$445$331
35 years$2,263$1,522$997$639$403$297
36 years$2,176$1,445$933$589$365$266
37 years$2,094$1,372$873$543$331$238
38 years$2,016$1,304$818$500$300$214
39 years$1,943$1,240$766$461$272$192
40 years$1,873$1,180$718$425$247$172
41 years$1,807$1,123$673$392$224$154
42 years$1,744$1,070$632$362$203$138
43 years$1,685$1,019$593$334$184$124
44 years$1,628$972$556$309$167$111
45 years$1,574$926$522$285$152$100
46 years$1,522$884$491$263$138$90
47 years$1,473$843$461$243$125$81
48 years$1,426$805$433$225$114$72
49 years$1,381$769$407$208$103$65
50 years$1,338$734$383$192$94$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,370,000, adding $3,498 every year, while hoping to spend $55,779 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: 43/49/8 Blend
57$1,370,000$1,370,000$1,370,000$1,370,000
58$1,513,348$1,440,738$1,419,503$1,574,779
59$1,608,361$1,451,986$1,407,708$1,629,050
60$1,711,196$1,461,915$1,393,648$1,681,852
61$1,822,592$1,470,403$1,377,189$1,737,776
62$1,943,361$1,477,317$1,358,190$1,797,127
63$2,074,397$1,482,519$1,336,502$1,860,245
64$2,216,682$1,485,859$1,311,971$1,927,506
65$2,371,297$1,487,179$1,284,436$1,999,328
66$2,539,430$1,486,312$1,253,726$2,076,174
67$2,722,391$1,483,081$1,219,665$2,158,558
68$2,921,618$1,477,294$1,182,066$2,247,050
69$3,138,694$1,468,753$1,140,737$2,342,281
70$3,375,363$1,457,245$1,095,474$2,444,951
71$3,633,543$1,442,542$1,046,065$2,555,835
72$3,915,345$1,424,407$992,289$2,675,794
73$4,223,093$1,402,586$933,913$2,805,777
74$4,559,345$1,376,809$870,695$2,946,841
75$4,926,918$1,346,792$802,383$3,100,152
76$5,328,912$1,312,234$728,712$3,267,003
77$5,768,743$1,272,815$649,406$3,448,826
78$6,250,169$1,228,198$564,175$3,647,205
79$6,777,331$1,178,024$472,720$3,863,892
80$7,354,787$1,121,915$374,724$4,100,828
81$7,987,558$1,059,472$269,860$4,360,159
82$8,681,173$990,270$157,785$4,644,260
83$9,441,722$913,862$38,139$4,955,756
84$10,275,911$829,775$0$5,297,551
85$11,191,128$737,508$0$5,680,502
86$12,195,510$636,533$0$6,104,485
87$13,298,020$526,291$0$6,570,203
88$14,508,531$406,192$0$7,082,030
89$15,837,918$275,613$0$7,644,798
90$17,298,163$133,895$0$8,263,848
91$18,902,464$0$0$8,945,076
92$20,665,359$0$0$9,705,592
93$22,602,868$0$0$10,620,963
94$24,732,636$0$0$11,627,351
95$27,074,105$0$0$12,733,967
96$29,648,694$0$0$13,950,958
97$32,480,001$0$0$15,289,503
98$35,594,027$0$0$16,761,919
99$39,019,418$0$0$18,381,777
100$42,787,734$0$0$20,164,031