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%13.5%
1 years$136,255$135,042$133,858$132,702$131,573$129,661
2 years$67,453$66,197$64,979$63,799$62,654$60,731
3 years$44,522$43,260$42,046$40,877$39,750$37,877
4 years$33,059$31,801$30,599$29,449$28,350$26,541
5 years$26,183$24,932$23,746$22,620$21,551$19,811
6 years$21,600$20,359$19,190$18,089$17,053$15,384
7 years$18,328$17,098$15,947$14,872$13,869$12,271
8 years$15,875$14,656$13,524$12,476$11,505$9,979
9 years$13,968$12,761$11,649$10,627$9,689$8,234
10 years$12,444$11,248$10,156$9,160$8,256$6,870
11 years$11,197$10,013$8,941$7,972$7,100$5,783
12 years$10,159$8,987$7,935$6,993$6,153$4,903
13 years$9,281$8,122$7,089$6,174$5,365$4,180
14 years$8,530$7,383$6,370$5,480$4,703$3,581
15 years$7,879$6,744$5,751$4,887$4,141$3,080
16 years$7,310$6,188$5,214$4,376$3,660$2,658
17 years$6,809$5,699$4,745$3,932$3,245$2,301
18 years$6,363$5,266$4,331$3,543$2,885$1,996
19 years$5,966$4,880$3,965$3,202$2,572$1,735
20 years$5,608$4,535$3,639$2,900$2,297$1,511
21 years$5,285$4,224$3,347$2,632$2,056$1,317
22 years$4,991$3,943$3,085$2,393$1,843$1,150
23 years$4,724$3,688$2,848$2,179$1,654$1,006
24 years$4,479$3,455$2,634$1,988$1,487$880
25 years$4,254$3,243$2,440$1,815$1,338$771
26 years$4,047$3,048$2,263$1,660$1,205$676
27 years$3,855$2,868$2,101$1,519$1,086$593
28 years$3,677$2,703$1,953$1,392$980$520
29 years$3,512$2,550$1,818$1,276$885$457
30 years$3,359$2,408$1,693$1,171$800$401
31 years$3,215$2,276$1,578$1,076$723$352
32 years$3,081$2,154$1,473$989$654$310
33 years$2,955$2,040$1,375$909$592$272
34 years$2,837$1,933$1,285$837$536$239
35 years$2,725$1,834$1,201$770$485$211
36 years$2,621$1,740$1,124$709$440$185
37 years$2,522$1,653$1,052$653$399$163
38 years$2,428$1,571$985$602$361$143
39 years$2,340$1,494$923$555$328$126
40 years$2,256$1,421$865$512$297$111
41 years$2,176$1,353$811$473$270$98
42 years$2,101$1,288$761$436$245$86
43 years$2,029$1,228$714$403$222$76
44 years$1,960$1,170$670$372$202$67
45 years$1,895$1,116$629$343$183$59
46 years$1,833$1,064$591$317$166$52
47 years$1,774$1,016$555$293$151$46
48 years$1,717$970$522$271$137$40
49 years$1,663$926$490$250$124$35
50 years$1,611$885$461$231$113$31

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 $6,722 every year, while hoping to spend $24,890 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: 67/18/15 Blend
57$1,650,000$1,650,000$1,650,000$1,650,000
58$1,825,234$1,737,784$1,712,209$1,940,637
59$1,984,925$1,796,452$1,743,085$2,077,154
60$2,160,070$1,857,162$1,774,161$2,222,820
61$2,352,220$1,919,985$1,805,418$2,381,470
62$2,563,081$1,984,999$1,836,835$2,554,377
63$2,794,535$2,052,284$1,868,388$2,742,940
64$3,048,653$2,121,921$1,900,054$2,948,701
65$3,327,716$2,193,996$1,931,807$3,173,356
66$3,634,239$2,268,597$1,963,618$3,418,775
67$3,970,991$2,345,818$1,995,459$3,687,014
68$4,341,023$2,425,754$2,027,298$3,980,340
69$4,747,694$2,508,503$2,059,100$4,301,248
70$5,194,709$2,594,170$2,090,830$4,652,485
71$5,686,147$2,682,861$2,122,449$5,037,078
72$6,226,500$2,774,688$2,153,918$5,458,359
73$6,820,721$2,869,765$2,185,192$5,919,999
74$7,474,265$2,968,214$2,216,226$6,426,043
75$8,193,141$3,070,158$2,246,971$6,980,943
76$8,983,973$3,175,728$2,277,376$7,589,606
77$9,854,057$3,285,057$2,307,387$8,257,435
78$10,811,431$3,398,285$2,336,945$8,990,385
79$11,864,954$3,515,558$2,365,989$9,795,012
80$13,024,384$3,637,025$2,394,455$10,678,542
81$14,300,477$3,762,845$2,422,275$11,648,934
82$15,705,081$3,893,179$2,449,376$12,714,956
83$17,251,252$4,028,198$2,475,683$13,886,268
84$18,953,376$4,168,076$2,501,114$15,173,513
85$20,827,305$4,312,997$2,525,587$16,588,416
86$22,890,507$4,463,150$2,549,011$18,143,898
87$25,162,228$4,618,734$2,571,292$19,854,190
88$27,663,677$4,779,954$2,592,332$21,734,976
89$30,418,223$4,947,022$2,612,026$23,803,535
90$33,451,617$5,120,162$2,630,264$26,078,905
91$36,792,236$5,299,604$2,646,932$28,582,063
92$40,471,348$5,485,588$2,661,908$31,336,122
93$44,523,407$5,678,363$2,675,063$34,366,550
94$48,986,382$5,878,190$2,686,265$37,701,408
95$53,902,110$6,085,339$2,695,372$41,371,615
96$59,316,695$6,300,090$2,702,237$45,411,242
97$65,280,939$6,522,736$2,706,703$49,857,831
98$71,850,825$6,753,581$2,708,608$54,752,747
99$79,088,044$6,992,940$2,707,781$60,141,572
100$87,060,574$7,241,144$2,704,042$66,074,534