Can I retire at age 58 with 1,650,000?

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 $1,650,000?

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$136,255$135,042$133,858$132,702$131,573$130,799
2 years$67,453$66,197$64,979$63,799$62,654$61,873
3 years$44,522$43,260$42,046$40,877$39,750$38,986
4 years$33,059$31,801$30,599$29,449$28,350$27,609
5 years$26,183$24,932$23,746$22,620$21,551$20,836
6 years$21,600$20,359$19,190$18,089$17,053$16,364
7 years$18,328$17,098$15,947$14,872$13,869$13,206
8 years$15,875$14,656$13,524$12,476$11,505$10,870
9 years$13,968$12,761$11,649$10,627$9,689$9,080
10 years$12,444$11,248$10,156$9,160$8,256$7,673
11 years$11,197$10,013$8,941$7,972$7,100$6,543
12 years$10,159$8,987$7,935$6,993$6,153$5,621
13 years$9,281$8,122$7,089$6,174$5,365$4,858
14 years$8,530$7,383$6,370$5,480$4,703$4,220
15 years$7,879$6,744$5,751$4,887$4,141$3,682
16 years$7,310$6,188$5,214$4,376$3,660$3,224
17 years$6,809$5,699$4,745$3,932$3,245$2,831
18 years$6,363$5,266$4,331$3,543$2,885$2,493
19 years$5,966$4,880$3,965$3,202$2,572$2,200
20 years$5,608$4,535$3,639$2,900$2,297$1,946
21 years$5,285$4,224$3,347$2,632$2,056$1,724
22 years$4,991$3,943$3,085$2,393$1,843$1,529
23 years$4,724$3,688$2,848$2,179$1,654$1,358
24 years$4,479$3,455$2,634$1,988$1,487$1,208
25 years$4,254$3,243$2,440$1,815$1,338$1,076
26 years$4,047$3,048$2,263$1,660$1,205$958
27 years$3,855$2,868$2,101$1,519$1,086$855
28 years$3,677$2,703$1,953$1,392$980$763
29 years$3,512$2,550$1,818$1,276$885$681
30 years$3,359$2,408$1,693$1,171$800$609
31 years$3,215$2,276$1,578$1,076$723$544
32 years$3,081$2,154$1,473$989$654$487
33 years$2,955$2,040$1,375$909$592$435
34 years$2,837$1,933$1,285$837$536$390
35 years$2,725$1,834$1,201$770$485$349
36 years$2,621$1,740$1,124$709$440$312
37 years$2,522$1,653$1,052$653$399$280
38 years$2,428$1,571$985$602$361$251
39 years$2,340$1,494$923$555$328$225
40 years$2,256$1,421$865$512$297$201
41 years$2,176$1,353$811$473$270$180
42 years$2,101$1,288$761$436$245$162
43 years$2,029$1,228$714$403$222$145
44 years$1,960$1,170$670$372$202$130
45 years$1,895$1,116$629$343$183$117
46 years$1,833$1,064$591$317$166$105
47 years$1,774$1,016$555$293$151$94
48 years$1,717$970$522$271$137$84
49 years$1,663$926$490$250$124$76
50 years$1,611$885$461$231$113$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,650,000, adding $2,773 every year, while hoping to spend $27,725 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: 30/47/23 Blend
57$1,650,000$1,650,000$1,650,000$1,650,000
58$1,821,160$1,733,710$1,708,135$1,862,704
59$1,977,420$1,789,163$1,735,859$1,950,278
60$2,148,688$1,846,404$1,763,582$2,041,767
61$2,336,467$1,905,490$1,791,275$2,139,620
62$2,542,411$1,966,484$1,818,907$2,244,406
63$2,768,342$2,029,446$1,846,445$2,356,749
64$3,016,265$2,094,442$1,873,853$2,477,337
65$3,288,392$2,161,537$1,901,095$2,606,924
66$3,587,156$2,230,800$1,928,130$2,746,339
67$3,915,240$2,302,303$1,954,916$2,896,495
68$4,275,597$2,376,119$1,981,408$3,058,393
69$4,671,482$2,452,323$2,007,560$3,233,135
70$5,106,481$2,530,994$2,033,321$3,421,934
71$5,584,542$2,612,213$2,058,637$3,626,123
72$6,110,017$2,696,064$2,083,453$3,847,167
73$6,687,701$2,782,633$2,107,711$4,086,682
74$7,322,873$2,872,009$2,131,346$4,346,441
75$8,021,354$2,964,284$2,154,293$4,628,399
76$8,789,553$3,059,555$2,176,483$4,934,705
77$9,634,534$3,157,920$2,197,842$5,267,726
78$10,564,079$3,259,481$2,218,293$5,630,067
79$11,586,763$3,364,343$2,237,753$6,024,595
80$12,712,032$3,472,616$2,256,138$6,454,467
81$13,950,297$3,584,412$2,273,356$6,923,159
82$15,313,027$3,699,847$2,289,313$7,434,496
83$16,812,858$3,819,043$2,303,907$7,992,693
84$18,463,717$3,942,122$2,317,035$8,602,389
85$20,280,945$4,069,216$2,328,585$9,268,695
86$22,281,449$4,200,455$2,338,440$9,997,237
87$24,483,858$4,335,978$2,346,479$10,794,213
88$26,908,699$4,475,928$2,352,573$11,666,449
89$29,578,588$4,620,451$2,356,587$12,621,462
90$32,518,451$4,769,700$2,358,379$13,667,535
91$35,755,749$4,923,831$2,357,801$14,813,789
92$39,320,744$5,083,008$2,354,696$16,070,271
93$43,246,784$5,247,398$2,348,902$17,448,051
94$47,570,611$5,417,177$2,340,246$18,959,320
95$52,332,718$5,592,523$2,328,549$20,617,512
96$57,577,722$5,773,624$2,313,622$22,437,424
97$63,354,789$5,960,670$2,295,267$24,435,359
98$69,718,097$6,153,863$2,273,278$26,629,277
99$76,727,348$6,353,407$2,247,438$29,038,965
100$84,448,330$6,559,516$2,217,519$31,686,224