Can I retire at age 58 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$123,043$121,947$120,878$119,834$118,815$115,708
2 years$60,912$59,778$58,678$57,612$56,578$53,469
3 years$40,205$39,065$37,969$36,913$35,896$32,882
4 years$29,853$28,717$27,632$26,594$25,601$22,706
5 years$23,644$22,515$21,443$20,426$19,462$16,692
6 years$19,505$18,385$17,329$16,335$15,399$12,759
7 years$16,551$15,440$14,401$13,430$12,524$10,013
8 years$14,336$13,235$12,213$11,266$10,390$8,007
9 years$12,614$11,523$10,519$9,596$8,750$6,493
10 years$11,237$10,157$9,171$8,272$7,455$5,321
11 years$10,111$9,042$8,074$7,199$6,412$4,398
12 years$9,174$8,116$7,165$6,315$5,556$3,659
13 years$8,381$7,334$6,402$5,575$4,845$3,060
14 years$7,703$6,667$5,752$4,949$4,247$2,571
15 years$7,115$6,090$5,193$4,413$3,740$2,167
16 years$6,601$5,588$4,708$3,952$3,305$1,832
17 years$6,148$5,146$4,284$3,551$2,930$1,553
18 years$5,746$4,755$3,911$3,200$2,606$1,319
19 years$5,387$4,407$3,580$2,891$2,322$1,122
20 years$5,064$4,095$3,286$2,619$2,074$956
21 years$4,772$3,815$3,022$2,377$1,856$816
22 years$4,507$3,561$2,786$2,161$1,664$696
23 years$4,266$3,330$2,572$1,968$1,494$595
24 years$4,045$3,120$2,379$1,795$1,343$509
25 years$3,841$2,928$2,203$1,639$1,208$436
26 years$3,654$2,752$2,043$1,499$1,088$373
27 years$3,481$2,590$1,897$1,372$981$320
28 years$3,321$2,441$1,764$1,257$885$274
29 years$3,172$2,302$1,641$1,153$799$235
30 years$3,033$2,174$1,529$1,058$722$201
31 years$2,903$2,055$1,425$972$653$173
32 years$2,782$1,945$1,330$893$591$148
33 years$2,668$1,842$1,242$821$535$127
34 years$2,562$1,746$1,160$755$484$109
35 years$2,461$1,656$1,085$695$438$94
36 years$2,366$1,572$1,015$640$397$80
37 years$2,277$1,493$950$590$360$69
38 years$2,193$1,418$889$544$326$59
39 years$2,113$1,349$833$502$296$51
40 years$2,037$1,283$781$463$268$44
41 years$1,965$1,222$732$427$244$38
42 years$1,897$1,163$687$394$221$32
43 years$1,832$1,108$645$364$201$28
44 years$1,770$1,057$605$336$182$24
45 years$1,711$1,008$568$310$165$20
46 years$1,655$961$534$286$150$18
47 years$1,602$917$501$265$136$15
48 years$1,551$876$471$244$124$13
49 years$1,502$836$443$226$112$11
50 years$1,455$799$416$209$102$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,490,000, adding $3,208 every year, while hoping to spend $39,647 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: 85/10/5 Blend
57$1,490,000$1,490,000$1,490,000$1,490,000
58$1,645,289$1,566,319$1,543,224$1,784,887
59$1,770,924$1,600,885$1,552,738$1,910,930
60$1,908,046$1,635,815$1,561,242$2,043,599
61$2,057,783$1,671,086$1,568,660$2,188,069
62$2,221,379$1,706,672$1,574,913$2,345,498
63$2,400,204$1,742,543$1,579,916$2,517,161
64$2,595,765$1,778,668$1,583,583$2,704,462
65$2,809,721$1,815,011$1,585,822$2,908,948
66$3,043,901$1,851,534$1,586,534$3,132,321
67$3,300,315$1,888,196$1,585,620$3,376,457
68$3,581,181$1,924,951$1,582,972$3,643,421
69$3,888,939$1,961,751$1,578,479$3,935,490
70$4,226,275$1,998,542$1,572,023$4,255,168
71$4,596,152$2,035,266$1,563,482$4,605,216
72$5,001,827$2,071,863$1,552,726$4,988,676
73$5,446,893$2,108,263$1,539,622$5,408,896
74$5,935,304$2,144,396$1,524,028$5,869,566
75$6,471,417$2,180,184$1,505,795$6,374,753
76$7,060,032$2,215,543$1,484,769$6,928,934
77$7,706,433$2,250,383$1,460,787$7,537,044
78$8,416,446$2,284,608$1,433,679$8,204,518
79$9,196,484$2,318,114$1,403,268$8,937,347
80$10,053,615$2,350,792$1,369,368$9,742,128
81$10,995,625$2,382,522$1,331,783$10,626,133
82$12,031,091$2,413,178$1,290,310$11,597,372
83$13,169,463$2,442,624$1,244,736$12,664,672
84$14,421,152$2,470,716$1,194,837$13,837,758
85$15,797,627$2,497,299$1,140,383$15,127,346
86$17,311,527$2,522,208$1,081,127$16,545,245
87$18,976,775$2,545,269$1,016,817$18,104,464
88$20,808,711$2,566,292$947,186$19,819,342
89$22,824,238$2,585,079$871,955$21,705,674
90$25,041,980$2,601,418$790,835$23,780,869
91$27,482,457$2,615,081$703,523$26,064,109
92$30,168,277$2,625,830$609,700$28,576,530
93$33,124,352$2,633,407$509,037$31,341,424
94$36,378,133$2,637,541$401,187$34,384,457
95$39,959,866$2,637,944$285,789$37,733,912
96$43,902,877$2,634,307$162,468$41,420,955
97$48,243,888$2,626,307$30,828$45,479,929
98$53,023,365$2,613,596$0$49,948,681
99$58,285,895$2,595,808$0$54,874,765
100$64,080,607$2,572,554$0$60,300,425