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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$129,649$128,494$127,368$126,268$125,194$122,366
2 years$64,183$62,987$61,829$60,706$59,616$56,783
3 years$42,363$41,163$40,007$38,895$37,823$35,072
4 years$31,456$30,259$29,115$28,021$26,976$24,328
5 years$24,913$23,724$22,595$21,523$20,506$17,970
6 years$20,553$19,372$18,260$17,212$16,226$13,803
7 years$17,439$16,269$15,174$14,151$13,196$10,888
8 years$15,105$13,945$12,869$11,871$10,947$8,752
9 years$13,291$12,142$11,084$10,111$9,219$7,136
10 years$11,840$10,702$9,663$8,716$7,855$5,881
11 years$10,654$9,528$8,507$7,586$6,756$4,889
12 years$9,667$8,552$7,550$6,654$5,854$4,091
13 years$8,831$7,728$6,745$5,874$5,105$3,442
14 years$8,116$7,025$6,061$5,214$4,475$2,910
15 years$7,497$6,417$5,472$4,650$3,940$2,468
16 years$6,956$5,888$4,961$4,164$3,482$2,100
17 years$6,479$5,422$4,515$3,741$3,088$1,792
18 years$6,055$5,010$4,121$3,372$2,746$1,532
19 years$5,676$4,644$3,773$3,047$2,447$1,312
20 years$5,336$4,315$3,462$2,759$2,186$1,126
21 years$5,028$4,019$3,185$2,504$1,956$967
22 years$4,749$3,752$2,935$2,277$1,753$831
23 years$4,495$3,509$2,710$2,074$1,574$716
24 years$4,262$3,288$2,506$1,891$1,415$616
25 years$4,048$3,085$2,321$1,727$1,273$531
26 years$3,850$2,900$2,153$1,579$1,147$458
27 years$3,668$2,729$1,999$1,446$1,034$396
28 years$3,499$2,572$1,859$1,324$933$342
29 years$3,342$2,426$1,730$1,215$842$295
30 years$3,196$2,291$1,611$1,115$761$255
31 years$3,059$2,166$1,502$1,024$688$220
32 years$2,931$2,049$1,401$941$622$190
33 years$2,812$1,941$1,308$865$563$165
34 years$2,699$1,839$1,223$796$510$142
35 years$2,593$1,745$1,143$733$462$123
36 years$2,494$1,656$1,069$675$419$107
37 years$2,399$1,573$1,001$622$379$92
38 years$2,310$1,495$937$573$344$80
39 years$2,226$1,421$878$528$312$69
40 years$2,146$1,352$823$487$283$60
41 years$2,071$1,287$772$450$257$52
42 years$1,999$1,226$724$415$233$45
43 years$1,930$1,168$679$383$211$39
44 years$1,865$1,113$638$354$192$34
45 years$1,803$1,062$599$327$174$29
46 years$1,744$1,013$562$302$158$25
47 years$1,688$967$528$279$144$22
48 years$1,634$923$496$258$130$19
49 years$1,582$881$467$238$118$16
50 years$1,533$842$439$220$108$14

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 $5,230 every year, while hoping to spend $55,449 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: 70/19/11 Blend
57$1,570,000$1,570,000$1,570,000$1,570,000
58$1,735,535$1,652,325$1,627,990$1,852,739
59$1,853,562$1,674,291$1,623,530$1,953,091
60$1,981,770$1,695,476$1,617,063$2,055,634
61$2,121,137$1,715,782$1,608,462$2,166,373
62$2,272,743$1,735,105$1,597,595$2,286,105
63$2,437,774$1,753,335$1,584,325$2,415,706
64$2,617,533$1,770,355$1,568,506$2,556,144
65$2,813,458$1,786,039$1,549,987$2,708,484
66$3,027,128$1,800,253$1,528,610$2,873,901
67$3,260,284$1,812,854$1,504,207$3,053,690
68$3,514,840$1,823,691$1,476,605$3,249,278
69$3,792,904$1,832,602$1,445,622$3,462,237
70$4,096,796$1,839,416$1,411,066$3,694,303
71$4,429,072$1,843,949$1,372,739$3,947,387
72$4,792,543$1,846,008$1,330,432$4,223,597
73$5,190,307$1,845,387$1,283,925$4,525,256
74$5,625,774$1,841,867$1,232,993$4,854,926
75$6,102,699$1,835,215$1,177,394$5,215,429
76$6,625,218$1,825,184$1,116,881$5,609,879
77$7,197,886$1,811,514$1,051,192$6,041,708
78$7,825,718$1,793,925$980,054$6,514,699
79$8,514,239$1,772,125$903,183$7,033,023
80$9,269,533$1,745,801$820,282$7,601,277
81$10,098,302$1,714,623$731,039$8,224,531
82$11,007,930$1,678,240$635,129$8,908,373
83$12,006,546$1,636,281$532,214$9,658,963
84$13,103,110$1,588,355$421,939$10,483,094
85$14,307,488$1,534,045$303,934$11,388,251
86$15,630,550$1,472,912$177,814$12,382,690
87$17,084,271$1,404,489$43,176$13,475,509
88$18,681,842$1,328,285$0$14,676,739
89$20,437,798$1,243,779$0$16,009,233
90$22,368,149$1,150,419$0$17,479,561
91$24,490,535$1,047,625$0$19,096,139
92$26,824,391$934,780$0$20,873,837
93$29,391,129$811,234$0$22,829,043
94$32,214,339$676,299$0$24,979,818
95$35,320,014$529,250$0$27,346,066
96$38,736,792$369,320$0$29,949,727
97$42,496,227$195,699$0$32,814,979
98$46,633,085$7,531$0$35,968,470
99$51,185,673$0$0$39,439,571
100$56,196,199$0$0$43,301,648