Can I retire at age 58 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$134,604$133,405$132,235$131,093$129,978$124,970
2 years$66,636$65,395$64,192$63,026$61,895$56,908
3 years$43,982$42,736$41,536$40,381$39,268$34,461
4 years$32,658$31,416$30,228$29,092$28,007$23,415
5 years$25,865$24,630$23,458$22,346$21,290$16,926
6 years$21,338$20,112$18,958$17,870$16,846$12,713
7 years$18,106$16,890$15,754$14,692$13,700$9,796
8 years$15,683$14,478$13,361$12,325$11,366$7,687
9 years$13,799$12,606$11,507$10,498$9,572$6,113
10 years$12,293$11,111$10,032$9,049$8,156$4,910
11 years$11,061$9,892$8,832$7,876$7,014$3,975
12 years$10,036$8,878$7,839$6,908$6,078$3,237
13 years$9,169$8,023$7,003$6,099$5,300$2,649
14 years$8,426$7,293$6,292$5,414$4,646$2,177
15 years$7,784$6,662$5,681$4,828$4,091$1,794
16 years$7,222$6,113$5,151$4,323$3,616$1,482
17 years$6,726$5,629$4,687$3,884$3,206$1,227
18 years$6,286$5,202$4,279$3,500$2,850$1,018
19 years$5,893$4,821$3,917$3,163$2,541$845
20 years$5,540$4,480$3,595$2,865$2,269$703
21 years$5,221$4,173$3,306$2,600$2,031$585
22 years$4,931$3,895$3,047$2,364$1,820$487
23 years$4,666$3,643$2,814$2,153$1,634$406
24 years$4,425$3,413$2,602$1,964$1,469$338
25 years$4,202$3,203$2,410$1,793$1,322$282
26 years$3,998$3,011$2,235$1,640$1,190$236
27 years$3,808$2,833$2,076$1,501$1,073$197
28 years$3,633$2,670$1,930$1,375$968$164
29 years$3,470$2,519$1,796$1,261$875$137
30 years$3,318$2,379$1,673$1,157$790$115
31 years$3,176$2,249$1,559$1,063$714$96
32 years$3,043$2,128$1,455$977$646$80
33 years$2,919$2,015$1,358$898$585$67
34 years$2,802$1,910$1,269$826$529$56
35 years$2,692$1,811$1,187$761$480$47
36 years$2,589$1,719$1,110$701$435$39
37 years$2,491$1,633$1,039$646$394$33
38 years$2,399$1,552$973$595$357$27
39 years$2,311$1,476$912$549$324$23
40 years$2,228$1,404$854$506$294$19
41 years$2,150$1,336$801$467$266$16
42 years$2,075$1,273$752$431$242$13
43 years$2,004$1,213$705$398$219$11
44 years$1,937$1,156$662$367$199$9
45 years$1,872$1,102$622$339$181$8
46 years$1,811$1,052$584$313$164$7
47 years$1,752$1,003$548$289$149$5
48 years$1,696$958$515$267$135$5
49 years$1,643$915$484$247$123$4
50 years$1,591$874$455$228$112$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,630,000, adding $4,928 every year, while hoping to spend $57,781 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: 35/43/22 Blend
57$1,630,000$1,630,000$1,630,000$1,630,000
58$1,801,343$1,714,953$1,689,688$1,852,200
59$1,923,602$1,737,507$1,684,814$1,912,690
60$2,056,394$1,759,230$1,677,840$1,972,245
61$2,200,733$1,780,020$1,668,635$2,035,330
62$2,357,735$1,799,768$1,657,061$2,102,293
63$2,528,625$1,818,358$1,642,974$2,173,525
64$2,714,754$1,835,666$1,626,223$2,249,454
65$2,917,607$1,851,561$1,606,649$2,330,558
66$3,138,818$1,865,903$1,584,087$2,417,368
67$3,380,186$1,878,541$1,558,363$2,510,470
68$3,643,692$1,889,316$1,529,295$2,610,515
69$3,931,515$1,898,060$1,496,693$2,718,224
70$4,246,056$1,904,591$1,460,358$2,834,396
71$4,589,956$1,908,718$1,420,083$2,959,917
72$4,966,124$1,910,238$1,375,648$3,095,767
73$5,377,763$1,908,933$1,326,826$3,243,033
74$5,828,399$1,904,576$1,273,380$3,402,918
75$6,321,917$1,896,921$1,215,059$3,576,752
76$6,862,593$1,885,710$1,151,603$3,766,010
77$7,455,136$1,870,669$1,082,741$3,972,323
78$8,104,735$1,851,507$1,008,188$4,197,495
79$8,817,101$1,827,914$927,646$4,443,524
80$9,598,528$1,799,565$840,804$4,712,619
81$10,455,947$1,766,112$747,340$5,007,223
82$11,396,990$1,727,188$646,913$5,330,038
83$12,430,068$1,682,405$539,169$5,684,051
84$13,564,443$1,631,351$423,739$6,072,567
85$14,810,320$1,573,591$300,238$6,499,237
86$16,178,938$1,508,663$168,262$6,968,097
87$17,682,682$1,436,079$27,390$7,483,607
88$19,335,192$1,355,323$0$8,050,698
89$21,151,498$1,265,851$0$8,703,675
90$23,148,157$1,167,083$0$9,428,434
91$25,343,410$1,058,411$0$10,225,298
92$27,757,354$939,190$0$11,101,726
93$30,412,131$808,738$0$12,065,951
94$33,332,137$666,334$0$13,127,056
95$36,544,250$511,219$0$14,295,064
96$40,078,083$342,589$0$15,581,034
97$43,966,266$159,595$0$16,997,167
98$48,244,751$0$0$18,556,925
99$52,953,151$0$0$20,293,451
100$58,135,111$0$0$22,288,020