Can I retire at age 58 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$124,694$123,584$122,500$121,442$120,410$116,602
2 years$61,730$60,580$59,466$58,386$57,338$53,536
3 years$40,744$39,590$38,478$37,408$36,377$32,701
4 years$30,254$29,103$28,002$26,951$25,945$22,422
5 years$23,961$22,817$21,731$20,701$19,723$16,363
6 years$19,767$18,632$17,562$16,554$15,606$12,412
7 years$16,773$15,647$14,594$13,610$12,692$9,663
8 years$14,528$13,412$12,377$11,417$10,529$7,664
9 years$12,783$11,678$10,660$9,725$8,867$6,162
10 years$11,388$10,293$9,294$8,383$7,555$5,006
11 years$10,247$9,164$8,182$7,296$6,498$4,100
12 years$9,297$8,225$7,261$6,399$5,631$3,380
13 years$8,494$7,433$6,488$5,650$4,910$2,800
14 years$7,806$6,756$5,829$5,015$4,304$2,330
15 years$7,211$6,172$5,263$4,473$3,790$1,945
16 years$6,690$5,663$4,772$4,005$3,349$1,628
17 years$6,231$5,215$4,342$3,598$2,970$1,366
18 years$5,823$4,819$3,964$3,243$2,641$1,148
19 years$5,459$4,466$3,629$2,930$2,354$966
20 years$5,132$4,150$3,330$2,654$2,102$815
21 years$4,836$3,866$3,063$2,408$1,881$687
22 years$4,568$3,608$2,823$2,190$1,686$581
23 years$4,323$3,375$2,607$1,994$1,514$491
24 years$4,099$3,162$2,411$1,819$1,361$415
25 years$3,893$2,967$2,233$1,661$1,224$351
26 years$3,703$2,789$2,071$1,519$1,103$298
27 years$3,528$2,625$1,923$1,390$994$252
28 years$3,365$2,473$1,788$1,274$897$214
29 years$3,214$2,333$1,664$1,168$810$181
30 years$3,074$2,204$1,549$1,072$732$153
31 years$2,942$2,083$1,445$985$662$130
32 years$2,819$1,971$1,348$905$599$110
33 years$2,704$1,867$1,258$832$542$94
34 years$2,596$1,769$1,176$766$491$79
35 years$2,494$1,678$1,099$705$444$67
36 years$2,398$1,593$1,028$649$403$57
37 years$2,308$1,513$963$598$365$49
38 years$2,222$1,438$901$551$331$41
39 years$2,141$1,367$844$508$300$35
40 years$2,064$1,301$792$469$272$30
41 years$1,992$1,238$742$433$247$25
42 years$1,922$1,179$696$399$224$21
43 years$1,857$1,123$653$368$203$18
44 years$1,794$1,071$613$340$184$15
45 years$1,734$1,021$576$314$167$13
46 years$1,678$974$541$290$152$11
47 years$1,623$930$508$268$138$9
48 years$1,571$887$477$248$125$8
49 years$1,522$847$449$229$114$7
50 years$1,474$809$422$212$103$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,510,000, adding $3,406 every year, while hoping to spend $43,462 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: 67/25/8 Blend
57$1,510,000$1,510,000$1,510,000$1,510,000
58$1,667,533$1,587,503$1,564,098$1,776,556
59$1,791,378$1,619,048$1,570,252$1,880,921
60$1,926,399$1,650,681$1,575,156$1,989,435
61$2,073,689$1,682,362$1,578,721$2,106,913
62$2,234,453$1,714,046$1,580,856$2,234,226
63$2,410,017$1,745,683$1,581,464$2,372,332
64$2,601,838$1,777,221$1,580,443$2,522,285
65$2,811,525$1,808,604$1,577,686$2,685,249
66$3,040,845$1,839,770$1,573,083$2,862,504
67$3,291,745$1,870,653$1,566,516$3,055,461
68$3,566,371$1,901,183$1,557,862$3,265,674
69$3,867,083$1,931,283$1,546,992$3,494,857
70$4,196,481$1,960,871$1,533,772$3,744,897
71$4,557,429$1,989,860$1,518,060$4,017,873
72$4,953,080$2,018,157$1,499,709$4,316,077
73$5,386,907$2,045,660$1,478,562$4,642,035
74$5,862,736$2,072,262$1,454,459$4,998,529
75$6,384,780$2,097,848$1,427,228$5,388,627
76$6,957,680$2,122,295$1,396,693$5,815,708
77$7,586,548$2,145,472$1,362,666$6,283,497
78$8,277,015$2,167,239$1,324,955$6,796,098
79$9,035,283$2,187,446$1,283,354$7,358,037
80$9,868,187$2,205,936$1,237,650$7,974,298
81$10,783,252$2,222,537$1,187,622$8,650,378
82$11,788,773$2,237,070$1,133,036$9,392,332
83$12,893,883$2,249,342$1,073,649$10,206,835
84$14,108,649$2,259,150$1,009,205$11,101,244
85$15,444,158$2,266,274$939,440$12,083,667
86$16,912,626$2,270,486$864,076$13,163,041
87$18,527,512$2,271,539$782,821$14,349,215
88$20,303,646$2,269,171$695,373$15,653,043
89$22,257,365$2,263,107$601,414$17,086,491
90$24,406,669$2,253,053$500,615$18,662,745
91$26,771,393$2,238,696$392,629$20,396,339
92$29,373,388$2,219,705$277,096$22,303,291
93$32,236,734$2,195,731$153,638$24,401,257
94$35,387,959$2,166,400$21,864$26,709,694
95$38,856,297$2,131,320$0$29,250,048
96$42,673,956$2,090,071$0$32,056,096
97$46,876,427$2,042,212$0$35,146,400
98$51,502,817$1,987,275$0$38,547,844
99$56,596,215$1,924,762$0$42,292,113
100$62,204,104$1,854,151$0$46,414,127