Can I retire at age 58 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$130,475$129,313$128,179$127,072$125,991$125,302
2 years$64,592$63,389$62,223$61,092$59,996$59,301
3 years$42,633$41,425$40,262$39,142$38,064$37,384
4 years$31,656$30,452$29,301$28,200$27,147$26,488
5 years$25,072$23,875$22,738$21,660$20,637$20,000
6 years$20,684$19,495$18,376$17,322$16,329$15,716
7 years$17,550$16,372$15,271$14,241$13,280$12,690
8 years$15,202$14,034$12,951$11,947$11,017$10,451
9 years$13,376$12,219$11,154$10,176$9,278$8,735
10 years$11,916$10,771$9,725$8,772$7,905$7,386
11 years$10,722$9,588$8,561$7,634$6,799$6,302
12 years$9,728$8,606$7,598$6,696$5,892$5,417
13 years$8,888$7,777$6,788$5,912$5,138$4,685
14 years$8,168$7,069$6,099$5,248$4,504$4,073
15 years$7,545$6,458$5,507$4,680$3,965$3,556
16 years$7,000$5,925$4,993$4,190$3,505$3,115
17 years$6,520$5,457$4,543$3,765$3,107$2,738
18 years$6,093$5,042$4,147$3,393$2,763$2,412
19 years$5,712$4,673$3,797$3,066$2,463$2,131
20 years$5,370$4,343$3,484$2,777$2,200$1,886
21 years$5,060$4,045$3,205$2,520$1,969$1,671
22 years$4,779$3,776$2,954$2,291$1,765$1,484
23 years$4,523$3,531$2,727$2,087$1,584$1,319
24 years$4,289$3,309$2,522$1,903$1,424$1,174
25 years$4,073$3,105$2,336$1,738$1,281$1,046
26 years$3,875$2,918$2,167$1,589$1,154$933
27 years$3,692$2,746$2,012$1,455$1,040$833
28 years$3,521$2,588$1,870$1,333$939$744
29 years$3,363$2,441$1,741$1,222$848$665
30 years$3,216$2,306$1,621$1,122$766$594
31 years$3,079$2,180$1,512$1,030$692$532
32 years$2,950$2,062$1,410$947$626$476
33 years$2,830$1,953$1,317$871$567$426
34 years$2,716$1,851$1,230$801$513$382
35 years$2,610$1,756$1,150$737$465$342
36 years$2,509$1,666$1,076$679$421$307
37 years$2,415$1,583$1,007$626$382$275
38 years$2,325$1,504$943$577$346$246
39 years$2,240$1,430$884$532$314$221
40 years$2,160$1,361$828$491$285$198
41 years$2,084$1,295$777$453$258$178
42 years$2,012$1,234$728$418$234$160
43 years$1,943$1,175$684$386$213$143
44 years$1,877$1,120$642$356$193$129
45 years$1,815$1,068$603$329$175$115
46 years$1,755$1,019$566$304$159$104
47 years$1,699$973$532$281$144$93
48 years$1,644$929$500$259$131$84
49 years$1,592$887$470$240$119$75
50 years$1,543$847$441$221$108$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,580,000, adding $5,360 every year, while hoping to spend $57,386 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: 65/22/13 Blend
57$1,580,000$1,580,000$1,580,000$1,580,000
58$1,746,689$1,662,949$1,638,459$1,854,613
59$1,863,793$1,683,375$1,632,289$1,947,803
60$1,990,918$1,702,879$1,623,989$2,042,405
61$2,129,026$1,721,354$1,613,427$2,144,338
62$2,279,175$1,738,689$1,600,465$2,254,315
63$2,442,528$1,754,762$1,584,958$2,373,123
64$2,620,366$1,769,445$1,566,754$2,501,628
65$2,814,097$1,782,602$1,545,694$2,640,787
66$3,025,272$1,794,086$1,521,612$2,791,656
67$3,255,597$1,803,744$1,494,333$2,955,396
68$3,506,951$1,811,410$1,463,676$3,133,291
69$3,781,400$1,816,909$1,429,449$3,326,757
70$4,081,220$1,820,055$1,391,453$3,537,352
71$4,408,916$1,820,649$1,349,478$3,766,799
72$4,767,247$1,818,483$1,303,307$4,016,996
73$5,159,249$1,813,331$1,252,711$4,290,034
74$5,588,266$1,804,958$1,197,451$4,588,224
75$6,057,981$1,793,113$1,137,277$4,914,112
76$6,572,447$1,777,527$1,071,928$5,270,504
77$7,136,130$1,757,920$1,001,131$5,660,499
78$7,753,947$1,733,990$924,601$6,087,511
79$8,431,315$1,705,421$842,040$6,555,306
80$9,174,198$1,671,875$753,138$7,068,038
81$9,989,166$1,632,997$657,567$7,630,288
82$10,883,456$1,588,408$554,991$8,247,105
83$11,865,038$1,537,710$445,052$8,924,061
84$12,942,693$1,480,479$327,382$9,667,298
85$14,126,092$1,416,267$201,594$10,483,588
86$15,425,890$1,344,601$67,285$11,380,400
87$16,853,824$1,264,979$0$12,365,969
88$18,422,824$1,176,873$0$13,459,925
89$20,147,134$1,079,722$0$14,672,378
90$22,042,447$972,934$0$16,005,088
91$24,126,052$855,882$0$17,470,294
92$26,416,995$727,907$0$19,081,488
93$28,936,262$588,308$0$20,853,539
94$31,706,974$436,348$0$22,802,838
95$34,754,603$271,247$0$24,947,452
96$38,107,217$92,182$0$27,307,294
97$41,795,737$0$0$29,904,312
98$45,854,237$0$0$32,787,327
99$50,320,257$0$0$35,984,508
100$55,235,161$0$0$39,503,167