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%14.3%
1 years$120,565$119,492$118,444$117,421$116,422$114,353
2 years$59,686$58,574$57,497$56,452$55,439$53,361
3 years$39,395$38,279$37,204$36,170$35,173$33,151
4 years$29,252$28,139$27,075$26,058$25,086$23,136
5 years$23,168$22,061$21,011$20,015$19,070$17,197
6 years$19,113$18,015$16,980$16,006$15,089$13,296
7 years$16,217$15,129$14,111$13,160$12,272$10,559
8 years$14,047$12,968$11,967$11,039$10,180$8,547
9 years$12,360$11,291$10,307$9,403$8,573$7,019
10 years$11,011$9,953$8,986$8,106$7,305$5,828
11 years$9,908$8,860$7,911$7,054$6,283$4,881
12 years$8,989$7,952$7,021$6,188$5,444$4,117
13 years$8,213$7,187$6,273$5,463$4,748$3,492
14 years$7,548$6,532$5,636$4,849$4,162$2,975
15 years$6,972$5,968$5,089$4,325$3,664$2,545
16 years$6,468$5,475$4,614$3,872$3,238$2,184
17 years$6,025$5,042$4,198$3,479$2,871$1,880
18 years$5,631$4,659$3,832$3,135$2,553$1,621
19 years$5,279$4,318$3,508$2,833$2,276$1,401
20 years$4,962$4,013$3,220$2,566$2,033$1,213
21 years$4,676$3,738$2,962$2,329$1,819$1,051
22 years$4,416$3,489$2,730$2,117$1,631$912
23 years$4,180$3,263$2,520$1,928$1,464$793
24 years$3,963$3,057$2,331$1,759$1,316$689
25 years$3,764$2,869$2,159$1,606$1,184$600
26 years$3,581$2,697$2,002$1,469$1,066$522
27 years$3,411$2,538$1,859$1,344$961$455
28 years$3,254$2,391$1,728$1,232$867$397
29 years$3,108$2,256$1,608$1,129$783$346
30 years$2,972$2,131$1,498$1,037$708$302
31 years$2,845$2,014$1,397$952$640$264
32 years$2,726$1,906$1,303$875$579$230
33 years$2,615$1,805$1,217$805$524$201
34 years$2,510$1,710$1,137$740$474$176
35 years$2,412$1,622$1,063$681$430$153
36 years$2,319$1,540$994$628$389$134
37 years$2,231$1,463$931$578$353$117
38 years$2,149$1,390$872$533$320$102
39 years$2,070$1,322$817$491$290$90
40 years$1,996$1,257$765$453$263$78
41 years$1,926$1,197$718$418$239$68
42 years$1,859$1,140$673$386$217$60
43 years$1,795$1,086$632$356$197$52
44 years$1,735$1,035$593$329$178$46
45 years$1,677$987$557$304$162$40
46 years$1,622$942$523$281$147$35
47 years$1,570$899$491$259$134$31
48 years$1,519$858$462$240$121$27
49 years$1,471$819$434$221$110$23
50 years$1,425$783$408$205$100$21

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 $2,300 every year, while hoping to spend $49,863 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: 31/50/19 Blend
57$1,460,000$1,460,000$1,460,000$1,460,000
58$1,611,292$1,533,912$1,511,282$1,651,602
59$1,722,590$1,556,020$1,508,857$1,704,206
60$1,843,570$1,577,540$1,504,678$1,756,106
61$1,975,165$1,598,391$1,498,636$1,810,919
62$2,118,405$1,618,485$1,490,613$1,868,927
63$2,274,421$1,637,730$1,480,488$1,930,446
64$2,444,459$1,656,025$1,468,131$1,995,822
65$2,629,889$1,673,266$1,453,409$2,065,442
66$2,832,220$1,689,338$1,436,180$2,139,735
67$3,053,112$1,704,122$1,416,298$2,219,176
68$3,294,394$1,717,488$1,393,608$2,304,292
69$3,558,077$1,729,300$1,367,949$2,395,666
70$3,846,377$1,739,411$1,339,152$2,493,946
71$4,161,732$1,747,668$1,307,039$2,599,849
72$4,506,830$1,753,904$1,271,425$2,714,171
73$4,884,626$1,757,945$1,232,117$2,837,790
74$5,298,378$1,759,604$1,188,913$2,971,684
75$5,751,671$1,758,684$1,141,600$3,116,931
76$6,248,455$1,754,973$1,089,957$3,274,726
77$6,793,079$1,748,249$1,033,753$3,446,394
78$7,390,335$1,738,274$972,745$3,633,400
79$8,045,498$1,724,799$906,681$3,837,365
80$8,764,380$1,707,555$835,297$4,060,082
81$9,553,383$1,686,262$758,315$4,303,536
82$10,419,558$1,660,618$675,449$4,569,923
83$11,370,672$1,630,308$586,395$4,861,671
84$12,415,282$1,594,994$490,841$5,181,465
85$13,562,813$1,554,321$388,457$5,532,274
86$14,823,650$1,507,912$278,899$5,917,380
87$16,209,231$1,455,369$161,811$6,340,412
88$17,732,158$1,396,268$36,817$6,805,381
89$19,406,316$1,330,163$0$7,316,718
90$21,247,001$1,256,581$0$7,898,900
91$23,271,064$1,175,023$0$8,546,998
92$25,497,074$1,084,960$0$9,259,606
93$27,945,485$985,833$0$10,043,418
94$30,638,838$877,052$0$10,905,823
95$33,601,964$757,992$0$11,854,977
96$36,862,225$627,995$0$12,899,880
97$40,449,768$486,362$0$14,050,465
98$44,397,810$332,359$0$15,317,694
99$48,742,949$165,208$0$16,713,660
100$53,525,515$0$0$18,251,709