Can I retire at age 58 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$119,740$118,673$117,632$116,617$115,625$113,523
2 years$59,277$58,173$57,103$56,066$55,060$52,949
3 years$39,125$38,017$36,950$35,922$34,932$32,879
4 years$29,052$27,946$26,890$25,880$24,914$22,934
5 years$23,009$21,910$20,868$19,878$18,939$17,039
6 years$18,982$17,891$16,864$15,897$14,986$13,166
7 years$16,106$15,025$14,014$13,070$12,188$10,450
8 years$13,951$12,879$11,885$10,964$10,111$8,454
9 years$12,275$11,214$10,237$9,339$8,515$6,938
10 years$10,935$9,884$8,925$8,050$7,255$5,757
11 years$9,840$8,799$7,857$7,006$6,239$4,819
12 years$8,928$7,898$6,973$6,145$5,407$4,062
13 years$8,156$7,137$6,230$5,425$4,715$3,443
14 years$7,496$6,488$5,598$4,816$4,133$2,932
15 years$6,924$5,927$5,054$4,295$3,639$2,506
16 years$6,424$5,438$4,582$3,846$3,216$2,149
17 years$5,983$5,008$4,169$3,455$2,852$1,848
18 years$5,592$4,627$3,806$3,114$2,536$1,593
19 years$5,242$4,289$3,484$2,814$2,260$1,375
20 years$4,928$3,985$3,198$2,548$2,019$1,190
21 years$4,644$3,712$2,941$2,313$1,807$1,030
22 years$4,386$3,465$2,711$2,103$1,619$894
23 years$4,151$3,241$2,503$1,915$1,454$776
24 years$3,936$3,036$2,315$1,747$1,307$674
25 years$3,738$2,850$2,144$1,595$1,176$586
26 years$3,556$2,678$1,989$1,459$1,059$510
27 years$3,388$2,520$1,846$1,335$955$444
28 years$3,232$2,375$1,717$1,223$862$387
29 years$3,087$2,241$1,597$1,122$778$337
30 years$2,952$2,116$1,488$1,029$703$294
31 years$2,825$2,000$1,387$945$635$256
32 years$2,707$1,893$1,294$869$575$224
33 years$2,597$1,792$1,208$799$520$195
34 years$2,493$1,699$1,129$735$471$170
35 years$2,395$1,611$1,056$677$427$149
36 years$2,303$1,529$988$623$387$130
37 years$2,216$1,453$924$574$350$113
38 years$2,134$1,380$866$529$318$99
39 years$2,056$1,313$811$488$288$87
40 years$1,982$1,249$760$450$261$76
41 years$1,912$1,189$713$415$237$66
42 years$1,846$1,132$669$383$215$58
43 years$1,783$1,079$627$354$195$50
44 years$1,723$1,028$589$327$177$44
45 years$1,666$981$553$302$161$38
46 years$1,611$935$519$279$146$34
47 years$1,559$893$488$257$133$29
48 years$1,509$852$458$238$120$26
49 years$1,461$814$431$220$109$22
50 years$1,416$777$405$203$99$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,450,000, adding $6,363 every year, while hoping to spend $46,896 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: 36/43/21 Blend
57$1,450,000$1,450,000$1,450,000$1,450,000
58$1,604,463$1,527,613$1,505,138$1,651,826
59$1,718,222$1,552,570$1,505,664$1,711,987
60$1,842,012$1,577,177$1,504,635$1,772,075
61$1,976,807$1,601,368$1,501,950$1,835,985
62$2,123,679$1,625,073$1,497,503$1,904,088
63$2,283,807$1,648,214$1,491,182$1,976,792
64$2,458,488$1,670,710$1,482,870$2,054,550
65$2,649,152$1,692,473$1,472,444$2,137,863
66$2,857,370$1,713,409$1,459,775$2,227,284
67$3,084,874$1,733,417$1,444,730$2,323,426
68$3,333,568$1,752,392$1,427,166$2,426,966
69$3,605,552$1,770,219$1,406,935$2,538,652
70$3,903,134$1,786,776$1,383,884$2,659,314
71$4,228,860$1,801,934$1,357,850$2,789,865
72$4,585,529$1,815,554$1,328,663$2,931,320
73$4,976,225$1,827,489$1,296,146$3,084,796
74$5,404,347$1,837,582$1,260,113$3,251,530
75$5,873,634$1,845,668$1,220,371$3,432,890
76$6,388,207$1,851,568$1,176,715$3,630,385
77$6,952,603$1,855,094$1,128,935$3,845,685
78$7,571,821$1,856,046$1,076,806$4,080,635
79$8,251,366$1,854,211$1,020,098$4,337,272
80$8,997,302$1,849,364$958,568$4,617,849
81$9,816,308$1,841,264$891,962$4,924,851
82$10,715,744$1,829,658$820,015$5,261,027
83$11,703,714$1,814,276$742,450$5,629,410
84$12,789,149$1,794,832$658,978$6,033,351
85$13,981,886$1,771,022$569,297$6,476,550
86$15,292,761$1,742,524$473,091$6,963,095
87$16,733,714$1,709,000$370,031$7,497,495
88$18,317,899$1,670,086$259,773$8,084,733
89$20,059,806$1,625,403$141,958$8,730,308
90$21,975,404$1,574,545$16,210$9,440,290
91$24,082,281$1,517,084$0$10,221,380
92$26,399,820$1,452,567$0$11,107,411
93$28,949,373$1,380,514$0$12,085,703
94$31,754,469$1,300,420$0$13,161,726
95$34,841,032$1,211,747$0$14,345,521
96$38,237,623$1,113,928$0$15,648,163
97$41,975,715$1,006,365$0$17,081,867
98$46,089,985$888,424$0$18,660,103
99$50,618,642$759,435$0$20,397,726
100$55,603,787$618,691$0$22,311,121