Can I retire at age 58 with 1,400,000?

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 $1,400,000?

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$115,611$114,581$113,576$112,596$111,638$110,934
2 years$57,233$56,167$55,134$54,132$53,161$52,451
3 years$37,776$36,706$35,675$34,683$33,727$33,034
4 years$28,050$26,983$25,963$24,987$24,055$23,382
5 years$22,216$21,155$20,148$19,193$18,286$17,637
6 years$18,327$17,274$16,283$15,349$14,469$13,844
7 years$15,551$14,507$13,531$12,619$11,767$11,166
8 years$13,470$12,435$11,475$10,586$9,762$9,185
9 years$11,852$10,827$9,884$9,017$8,221$7,668
10 years$10,558$9,544$8,617$7,772$7,005$6,476
11 years$9,501$8,496$7,586$6,764$6,024$5,519
12 years$8,620$7,626$6,732$5,933$5,221$4,738
13 years$7,875$6,891$6,015$5,238$4,552$4,093
14 years$7,237$6,264$5,405$4,650$3,991$3,553
15 years$6,685$5,722$4,880$4,147$3,514$3,098
16 years$6,203$5,250$4,424$3,713$3,105$2,710
17 years$5,777$4,835$4,026$3,336$2,753$2,379
18 years$5,399$4,468$3,675$3,007$2,448$2,093
19 years$5,062$4,141$3,364$2,717$2,182$1,846
20 years$4,758$3,848$3,088$2,460$1,949$1,631
21 years$4,484$3,584$2,840$2,233$1,744$1,444
22 years$4,235$3,346$2,617$2,030$1,563$1,280
23 years$4,008$3,129$2,417$1,849$1,403$1,136
24 years$3,800$2,932$2,235$1,686$1,261$1,010
25 years$3,609$2,751$2,070$1,540$1,135$898
26 years$3,434$2,586$1,920$1,408$1,022$800
27 years$3,271$2,434$1,783$1,289$922$713
28 years$3,120$2,293$1,657$1,181$832$636
29 years$2,980$2,163$1,542$1,083$751$567
30 years$2,850$2,043$1,437$994$679$506
31 years$2,728$1,931$1,339$913$614$452
32 years$2,614$1,827$1,250$839$555$404
33 years$2,507$1,731$1,167$771$502$361
34 years$2,407$1,640$1,090$710$455$323
35 years$2,312$1,556$1,019$653$412$289
36 years$2,224$1,477$953$602$373$259
37 years$2,140$1,402$892$554$338$231
38 years$2,060$1,333$836$511$307$207
39 years$1,985$1,267$783$471$278$185
40 years$1,914$1,206$734$435$252$166
41 years$1,847$1,148$688$401$229$149
42 years$1,782$1,093$646$370$208$133
43 years$1,721$1,042$606$342$188$119
44 years$1,663$993$569$315$171$107
45 years$1,608$947$534$291$155$96
46 years$1,555$903$501$269$141$86
47 years$1,505$862$471$249$128$77
48 years$1,457$823$443$230$116$69
49 years$1,411$786$416$212$106$62
50 years$1,367$751$391$196$96$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,400,000, adding $4,102 every year, while hoping to spend $39,095 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: 77/12/11 Blend
57$1,400,000$1,400,000$1,400,000$1,400,000
58$1,547,031$1,472,831$1,451,131$1,662,717
59$1,663,232$1,503,403$1,458,147$1,770,001
60$1,789,974$1,534,163$1,464,088$1,882,210
61$1,928,293$1,565,078$1,468,876$2,004,134
62$2,079,326$1,596,114$1,472,431$2,136,726
63$2,244,326$1,627,233$1,474,667$2,281,033
64$2,424,673$1,658,393$1,475,494$2,438,212
65$2,621,886$1,689,550$1,474,818$2,609,535
66$2,837,636$1,720,655$1,472,542$2,796,403
67$3,073,764$1,751,657$1,468,562$3,000,360
68$3,332,298$1,782,498$1,462,769$3,223,109
69$3,615,470$1,813,119$1,455,050$3,466,521
70$3,925,739$1,843,453$1,445,285$3,732,663
71$4,265,813$1,873,430$1,433,350$4,023,808
72$4,638,673$1,902,975$1,419,114$4,342,463
73$5,047,604$1,932,007$1,402,441$4,691,389
74$5,496,223$1,960,439$1,383,186$5,073,628
75$5,988,514$1,988,177$1,361,200$5,492,533
76$6,528,867$2,015,123$1,336,325$5,951,798
77$7,122,117$2,041,168$1,308,396$6,455,493
78$7,773,587$2,066,201$1,277,242$7,008,103
79$8,489,146$2,090,097$1,242,683$7,614,571
80$9,275,255$2,112,728$1,204,529$8,280,342
81$10,139,035$2,133,955$1,162,584$9,011,418
82$11,088,327$2,153,630$1,116,642$9,814,413
83$12,131,773$2,171,595$1,066,486$10,696,614
84$13,278,893$2,187,682$1,011,892$11,666,052
85$14,540,174$2,201,711$952,624$12,731,578
86$15,927,170$2,213,494$888,435$13,902,944
87$17,452,613$2,222,827$819,070$15,190,899
88$19,130,528$2,229,494$744,257$16,607,287
89$20,976,371$2,233,268$663,718$18,165,161
90$23,007,166$2,233,904$577,158$19,878,904
91$25,241,676$2,231,144$484,272$21,764,370
92$27,700,570$2,224,714$384,739$23,839,027
93$30,406,626$2,214,322$278,225$26,122,127
94$33,384,938$2,199,660$164,382$28,634,888
95$36,663,159$2,180,400$42,845$31,400,689
96$40,271,755$2,156,194$0$34,445,299
97$44,244,301$2,126,675$0$37,807,308
98$48,617,789$2,091,451$0$41,513,844
99$53,432,980$2,050,108$0$45,594,410
100$58,734,791$2,002,210$0$50,087,063