Can I retire at age 58 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$120,565$119,492$118,444$117,421$116,422$111,803
2 years$59,686$58,574$57,497$56,452$55,439$50,843
3 years$39,395$38,279$37,204$36,170$35,173$30,744
4 years$29,252$28,139$27,075$26,058$25,086$20,858
5 years$23,168$22,061$21,011$20,015$19,070$15,054
6 years$19,113$18,015$16,980$16,006$15,089$11,288
7 years$16,217$15,129$14,111$13,160$12,272$8,683
8 years$14,047$12,968$11,967$11,039$10,180$6,801
9 years$12,360$11,291$10,307$9,403$8,573$5,399
10 years$11,011$9,953$8,986$8,106$7,305$4,328
11 years$9,908$8,860$7,911$7,054$6,283$3,497
12 years$8,989$7,952$7,021$6,188$5,444$2,842
13 years$8,213$7,187$6,273$5,463$4,748$2,321
14 years$7,548$6,532$5,636$4,849$4,162$1,903
15 years$6,972$5,968$5,089$4,325$3,664$1,565
16 years$6,468$5,475$4,614$3,872$3,238$1,290
17 years$6,025$5,042$4,198$3,479$2,871$1,066
18 years$5,631$4,659$3,832$3,135$2,553$882
19 years$5,279$4,318$3,508$2,833$2,276$731
20 years$4,962$4,013$3,220$2,566$2,033$606
21 years$4,676$3,738$2,962$2,329$1,819$503
22 years$4,416$3,489$2,730$2,117$1,631$418
23 years$4,180$3,263$2,520$1,928$1,464$348
24 years$3,963$3,057$2,331$1,759$1,316$289
25 years$3,764$2,869$2,159$1,606$1,184$241
26 years$3,581$2,697$2,002$1,469$1,066$200
27 years$3,411$2,538$1,859$1,344$961$167
28 years$3,254$2,391$1,728$1,232$867$139
29 years$3,108$2,256$1,608$1,129$783$116
30 years$2,972$2,131$1,498$1,037$708$97
31 years$2,845$2,014$1,397$952$640$80
32 years$2,726$1,906$1,303$875$579$67
33 years$2,615$1,805$1,217$805$524$56
34 years$2,510$1,710$1,137$740$474$47
35 years$2,412$1,622$1,063$681$430$39
36 years$2,319$1,540$994$628$389$32
37 years$2,231$1,463$931$578$353$27
38 years$2,149$1,390$872$533$320$23
39 years$2,070$1,322$817$491$290$19
40 years$1,996$1,257$765$453$263$16
41 years$1,926$1,197$718$418$239$13
42 years$1,859$1,140$673$386$217$11
43 years$1,795$1,086$632$356$197$9
44 years$1,735$1,035$593$329$178$8
45 years$1,677$987$557$304$162$6
46 years$1,622$942$523$281$147$5
47 years$1,570$899$491$259$134$4
48 years$1,519$858$462$240$121$4
49 years$1,471$819$434$221$110$3
50 years$1,425$783$408$205$100$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,460,000, adding $2,558 every year, while hoping to spend $42,909 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: 77/9/14 Blend
57$1,460,000$1,460,000$1,460,000$1,460,000
58$1,611,559$1,534,179$1,511,549$1,730,788
59$1,730,283$1,563,698$1,516,531$1,839,271
60$1,859,679$1,593,227$1,520,241$1,952,519
61$2,000,789$1,622,718$1,522,593$2,075,512
62$2,154,763$1,652,125$1,523,493$2,209,206
63$2,322,864$1,681,394$1,522,846$2,354,654
64$2,506,483$1,710,470$1,520,548$2,513,017
65$2,707,152$1,739,290$1,516,494$2,685,575
66$2,926,557$1,767,791$1,510,572$2,873,734
67$3,166,555$1,795,901$1,502,665$3,079,048
68$3,429,189$1,823,546$1,492,649$3,303,226
69$3,716,710$1,850,644$1,480,397$3,548,152
70$4,031,598$1,877,109$1,465,774$3,815,901
71$4,376,582$1,902,847$1,448,638$4,108,761
72$4,754,667$1,927,761$1,428,841$4,429,252
73$5,169,164$1,951,743$1,406,229$4,780,151
74$5,623,721$1,974,680$1,380,639$5,164,517
75$6,122,352$1,996,450$1,351,902$5,585,724
76$6,669,481$2,016,926$1,319,840$6,047,486
77$7,269,981$2,035,968$1,284,267$6,553,898
78$7,929,218$2,053,430$1,244,990$7,109,474
79$8,653,106$2,069,155$1,201,804$7,719,184
80$9,448,155$2,082,977$1,154,497$8,388,510
81$10,321,542$2,094,717$1,102,848$9,123,490
82$11,281,168$2,104,188$1,046,622$9,930,780
83$12,335,742$2,111,187$985,579$10,817,714
84$13,494,855$2,115,503$919,463$11,792,374
85$14,769,074$2,116,907$848,009$12,863,668
86$16,170,043$2,115,159$770,941$14,041,412
87$17,710,589$2,110,002$687,968$15,336,426
88$19,404,842$2,101,166$598,789$16,760,630
89$21,268,375$2,088,362$503,087$18,327,166
90$23,318,341$2,071,284$400,532$20,050,513
91$25,573,643$2,049,607$290,781$21,946,630
92$28,055,105$2,022,989$173,473$24,033,104
93$30,785,675$1,991,064$48,233$26,329,317
94$33,790,635$1,953,447$0$28,856,631
95$37,097,842$1,909,729$0$31,651,345
96$40,737,992$1,859,476$0$34,735,164
97$44,744,907$1,802,230$0$38,129,528
98$49,155,854$1,737,505$0$41,866,016
99$54,011,897$1,664,789$0$45,979,422
100$59,358,284$1,583,537$0$50,508,091