Can I retire at age 58 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$129,649$128,494$127,368$126,268$125,194$124,457
2 years$64,183$62,987$61,829$60,706$59,616$58,873
3 years$42,363$41,163$40,007$38,895$37,823$37,096
4 years$31,456$30,259$29,115$28,021$26,976$26,271
5 years$24,913$23,724$22,595$21,523$20,506$19,826
6 years$20,553$19,372$18,260$17,212$16,226$15,570
7 years$17,439$16,269$15,174$14,151$13,196$12,566
8 years$15,105$13,945$12,869$11,871$10,947$10,343
9 years$13,291$12,142$11,084$10,111$9,219$8,640
10 years$11,840$10,702$9,663$8,716$7,855$7,301
11 years$10,654$9,528$8,507$7,586$6,756$6,226
12 years$9,667$8,552$7,550$6,654$5,854$5,348
13 years$8,831$7,728$6,745$5,874$5,105$4,623
14 years$8,116$7,025$6,061$5,214$4,475$4,016
15 years$7,497$6,417$5,472$4,650$3,940$3,503
16 years$6,956$5,888$4,961$4,164$3,482$3,067
17 years$6,479$5,422$4,515$3,741$3,088$2,694
18 years$6,055$5,010$4,121$3,372$2,746$2,372
19 years$5,676$4,644$3,773$3,047$2,447$2,094
20 years$5,336$4,315$3,462$2,759$2,186$1,851
21 years$5,028$4,019$3,185$2,504$1,956$1,640
22 years$4,749$3,752$2,935$2,277$1,753$1,455
23 years$4,495$3,509$2,710$2,074$1,574$1,292
24 years$4,262$3,288$2,506$1,891$1,415$1,150
25 years$4,048$3,085$2,321$1,727$1,273$1,023
26 years$3,850$2,900$2,153$1,579$1,147$912
27 years$3,668$2,729$1,999$1,446$1,034$813
28 years$3,499$2,572$1,859$1,324$933$726
29 years$3,342$2,426$1,730$1,215$842$648
30 years$3,196$2,291$1,611$1,115$761$579
31 years$3,059$2,166$1,502$1,024$688$518
32 years$2,931$2,049$1,401$941$622$463
33 years$2,812$1,941$1,308$865$563$414
34 years$2,699$1,839$1,223$796$510$371
35 years$2,593$1,745$1,143$733$462$332
36 years$2,494$1,656$1,069$675$419$297
37 years$2,399$1,573$1,001$622$379$266
38 years$2,310$1,495$937$573$344$239
39 years$2,226$1,421$878$528$312$214
40 years$2,146$1,352$823$487$283$192
41 years$2,071$1,287$772$450$257$172
42 years$1,999$1,226$724$415$233$154
43 years$1,930$1,168$679$383$211$138
44 years$1,865$1,113$638$354$192$124
45 years$1,803$1,062$599$327$174$111
46 years$1,744$1,013$562$302$158$100
47 years$1,688$967$528$279$144$89
48 years$1,634$923$496$258$130$80
49 years$1,582$881$467$238$118$72
50 years$1,533$842$439$220$108$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,570,000, adding $3,902 every year, while hoping to spend $45,458 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: 53/30/17 Blend
57$1,570,000$1,570,000$1,570,000$1,570,000
58$1,734,165$1,650,955$1,626,620$1,817,901
59$1,862,683$1,683,485$1,632,745$1,908,177
60$2,002,786$1,716,085$1,637,551$2,001,223
61$2,155,608$1,748,711$1,640,947$2,101,462
62$2,322,397$1,781,315$1,642,836$2,209,589
63$2,504,526$1,813,844$1,643,115$2,326,374
64$2,703,508$1,846,242$1,641,680$2,452,663
65$2,921,006$1,878,449$1,638,417$2,589,390
66$3,158,855$1,910,399$1,633,209$2,737,584
67$3,419,071$1,942,021$1,625,935$2,898,380
68$3,703,876$1,973,240$1,616,464$3,073,030
69$4,015,717$2,003,975$1,604,661$3,262,912
70$4,357,289$2,034,138$1,590,386$3,469,550
71$4,731,558$2,063,636$1,573,489$3,694,619
72$5,141,792$2,092,369$1,553,816$3,939,971
73$5,591,589$2,120,230$1,531,204$4,207,644
74$6,084,914$2,147,105$1,505,482$4,499,889
75$6,626,132$2,172,869$1,476,472$4,819,185
76$7,220,052$2,197,394$1,443,989$5,168,267
77$7,871,971$2,220,540$1,407,835$5,550,150
78$8,587,722$2,242,157$1,367,808$5,968,161
79$9,373,734$2,262,087$1,323,694$6,425,964
80$10,237,086$2,280,160$1,275,269$6,927,604
81$11,185,577$2,296,197$1,222,299$7,477,538
82$12,227,801$2,310,005$1,164,541$8,080,681
83$13,373,222$2,321,380$1,101,738$8,742,453
84$14,632,268$2,330,106$1,033,624$9,468,829
85$16,016,430$2,335,951$959,921$10,266,399
86$17,538,363$2,338,670$880,336$11,142,426
87$19,212,014$2,338,003$794,565$12,104,921
88$21,052,746$2,333,672$702,289$13,162,715
89$23,077,488$2,325,384$603,178$14,325,542
90$25,304,891$2,312,826$496,883$15,604,139
91$27,755,504$2,295,669$383,043$17,010,340
92$30,451,969$2,273,560$261,278$18,557,193
93$33,419,233$2,246,128$131,195$20,259,081
94$36,684,785$2,212,979$0$22,131,864
95$40,278,913$2,173,694$0$24,194,408
96$44,234,988$2,127,832$0$26,490,089
97$48,589,783$2,074,922$0$29,016,414
98$53,383,817$2,014,468$0$31,796,892
99$58,661,734$1,945,946$0$34,857,431
100$64,472,732$1,868,798$0$38,226,591