Can I retire at age 58 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$126,346$125,221$124,123$123,051$122,004$118,241
2 years$62,548$61,383$60,254$59,159$58,097$54,339
3 years$41,284$40,114$38,988$37,904$36,859$33,223
4 years$30,655$29,488$28,373$27,308$26,288$22,803
5 years$24,278$23,119$22,019$20,975$19,984$16,658
6 years$20,029$18,878$17,795$16,774$15,813$12,650
7 years$16,995$15,854$14,787$13,791$12,860$9,860
8 years$14,721$13,590$12,541$11,569$10,669$7,829
9 years$12,952$11,832$10,801$9,854$8,984$6,302
10 years$11,539$10,430$9,417$8,494$7,655$5,127
11 years$10,383$9,285$8,291$7,392$6,584$4,205
12 years$9,420$8,334$7,358$6,484$5,705$3,470
13 years$8,606$7,531$6,574$5,725$4,975$2,879
14 years$7,910$6,846$5,906$5,082$4,361$2,399
15 years$7,306$6,254$5,333$4,532$3,840$2,005
16 years$6,778$5,738$4,835$4,058$3,394$1,681
17 years$6,313$5,284$4,399$3,646$3,009$1,412
18 years$5,901$4,883$4,016$3,286$2,676$1,189
19 years$5,532$4,525$3,677$2,969$2,385$1,002
20 years$5,200$4,205$3,374$2,689$2,130$846
21 years$4,900$3,917$3,104$2,440$1,906$715
22 years$4,628$3,656$2,860$2,219$1,709$605
23 years$4,380$3,420$2,641$2,021$1,534$512
24 years$4,153$3,204$2,443$1,843$1,379$434
25 years$3,945$3,007$2,262$1,683$1,241$368
26 years$3,752$2,826$2,098$1,539$1,117$312
27 years$3,575$2,660$1,948$1,409$1,007$265
28 years$3,410$2,506$1,811$1,291$909$225
29 years$3,257$2,364$1,686$1,184$821$191
30 years$3,114$2,233$1,570$1,086$742$162
31 years$2,981$2,111$1,464$998$671$138
32 years$2,857$1,997$1,366$917$607$117
33 years$2,740$1,891$1,275$843$549$99
34 years$2,630$1,793$1,191$776$497$84
35 years$2,527$1,700$1,114$714$450$72
36 years$2,430$1,614$1,042$658$408$61
37 years$2,338$1,533$975$606$370$52
38 years$2,252$1,457$913$559$335$44
39 years$2,170$1,385$856$515$304$37
40 years$2,092$1,318$802$475$276$32
41 years$2,018$1,254$752$438$250$27
42 years$1,948$1,195$705$404$227$23
43 years$1,881$1,138$662$373$206$20
44 years$1,818$1,085$621$345$187$17
45 years$1,757$1,035$583$318$170$14
46 years$1,700$987$548$294$154$12
47 years$1,645$942$515$272$140$10
48 years$1,592$899$484$251$127$9
49 years$1,542$859$455$232$115$7
50 years$1,494$820$428$214$105$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,530,000, adding $4,704 every year, while hoping to spend $34,996 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: 57/22/21 Blend
57$1,530,000$1,530,000$1,530,000$1,530,000
58$1,690,912$1,609,822$1,586,107$1,777,517
59$1,826,150$1,651,468$1,602,006$1,878,723
60$1,974,009$1,693,982$1,617,265$1,984,811
61$2,135,739$1,737,368$1,631,825$2,099,666
62$2,312,718$1,781,633$1,645,625$2,224,139
63$2,506,462$1,826,780$1,658,600$2,359,169
64$2,718,640$1,872,811$1,670,682$2,505,793
65$2,951,090$1,919,727$1,681,799$2,665,148
66$3,205,838$1,967,530$1,691,875$2,838,492
67$3,485,112$2,016,218$1,700,832$3,027,206
68$3,791,369$2,065,788$1,708,585$3,232,815
69$4,127,314$2,116,237$1,715,048$3,456,998
70$4,495,925$2,167,558$1,720,128$3,701,606
71$4,900,486$2,219,744$1,723,728$3,968,676
72$5,344,609$2,272,786$1,725,747$4,260,457
73$5,832,278$2,326,671$1,726,078$4,579,422
74$6,367,879$2,381,386$1,724,610$4,928,300
75$6,956,243$2,436,915$1,721,225$5,310,097
76$7,602,693$2,493,237$1,715,800$5,728,125
77$8,313,095$2,550,333$1,708,206$6,186,036
78$9,093,907$2,608,176$1,698,307$6,687,852
79$9,952,248$2,666,739$1,685,963$7,238,007
80$10,895,959$2,725,991$1,671,024$7,841,387
81$11,933,679$2,785,896$1,653,336$8,503,377
82$13,074,925$2,846,416$1,632,734$9,229,912
83$14,330,185$2,907,508$1,609,048$10,027,531
84$15,711,013$2,969,125$1,582,099$10,903,442
85$17,230,138$3,031,214$1,551,702$11,865,590
86$18,901,587$3,093,718$1,517,658$12,922,730
87$20,740,814$3,156,575$1,479,765$14,084,510
88$22,764,846$3,219,717$1,437,807$15,361,563
89$24,992,447$3,283,069$1,391,560$16,765,611
90$27,444,289$3,346,552$1,340,789$18,309,569
91$30,143,152$3,410,078$1,285,251$20,007,672
92$33,114,134$3,473,553$1,224,687$21,875,609
93$36,384,892$3,536,873$1,158,831$23,930,671
94$39,985,900$3,599,930$1,087,401$26,191,913
95$43,950,739$3,662,603$1,010,106$28,680,339
96$48,316,409$3,724,765$926,639$31,419,093
97$53,123,682$3,786,278$836,681$34,433,686
98$58,417,485$3,846,993$739,897$37,752,232
99$64,247,325$3,906,752$635,940$41,405,715
100$70,667,753$3,965,384$524,445$45,428,283