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%20%
1 years$136,255$135,042$133,858$132,702$131,573$126,303
2 years$67,453$66,197$64,979$63,799$62,654$57,411
3 years$44,522$43,260$42,046$40,877$39,750$34,699
4 years$33,059$31,801$30,599$29,449$28,350$23,529
5 years$26,183$24,932$23,746$22,620$21,551$16,973
6 years$21,600$20,359$19,190$18,089$17,053$12,719
7 years$18,328$17,098$15,947$14,872$13,869$9,779
8 years$15,875$14,656$13,524$12,476$11,505$7,655
9 years$13,968$12,761$11,649$10,627$9,689$6,073
10 years$12,444$11,248$10,156$9,160$8,256$4,866
11 years$11,197$10,013$8,941$7,972$7,100$3,929
12 years$10,159$8,987$7,935$6,993$6,153$3,191
13 years$9,281$8,122$7,089$6,174$5,365$2,604
14 years$8,530$7,383$6,370$5,480$4,703$2,134
15 years$7,879$6,744$5,751$4,887$4,141$1,753
16 years$7,310$6,188$5,214$4,376$3,660$1,444
17 years$6,809$5,699$4,745$3,932$3,245$1,192
18 years$6,363$5,266$4,331$3,543$2,885$986
19 years$5,966$4,880$3,965$3,202$2,572$816
20 years$5,608$4,535$3,639$2,900$2,297$677
21 years$5,285$4,224$3,347$2,632$2,056$561
22 years$4,991$3,943$3,085$2,393$1,843$466
23 years$4,724$3,688$2,848$2,179$1,654$387
24 years$4,479$3,455$2,634$1,988$1,487$322
25 years$4,254$3,243$2,440$1,815$1,338$268
26 years$4,047$3,048$2,263$1,660$1,205$223
27 years$3,855$2,868$2,101$1,519$1,086$185
28 years$3,677$2,703$1,953$1,392$980$154
29 years$3,512$2,550$1,818$1,276$885$128
30 years$3,359$2,408$1,693$1,171$800$107
31 years$3,215$2,276$1,578$1,076$723$89
32 years$3,081$2,154$1,473$989$654$74
33 years$2,955$2,040$1,375$909$592$62
34 years$2,837$1,933$1,285$837$536$51
35 years$2,725$1,834$1,201$770$485$43
36 years$2,621$1,740$1,124$709$440$36
37 years$2,522$1,653$1,052$653$399$30
38 years$2,428$1,571$985$602$361$25
39 years$2,340$1,494$923$555$328$21
40 years$2,256$1,421$865$512$297$17
41 years$2,176$1,353$811$473$270$14
42 years$2,101$1,288$761$436$245$12
43 years$2,029$1,228$714$403$222$10
44 years$1,960$1,170$670$372$202$8
45 years$1,895$1,116$629$343$183$7
46 years$1,833$1,064$591$317$166$6
47 years$1,774$1,016$555$293$151$5
48 years$1,717$970$522$271$137$4
49 years$1,663$926$490$250$124$3
50 years$1,611$885$461$231$113$3

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 $3,441 every year, while hoping to spend $42,582 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: 68/24/8 Blend
57$1,650,000$1,650,000$1,650,000$1,650,000
58$1,821,849$1,734,399$1,708,824$1,942,862
59$1,962,371$1,774,078$1,720,763$2,063,234
60$2,115,799$1,814,274$1,731,675$2,189,348
61$2,283,404$1,854,967$1,741,479$2,326,123
62$2,466,587$1,896,136$1,750,094$2,474,597
63$2,666,887$1,937,755$1,757,431$2,635,911
64$2,886,003$1,979,799$1,763,399$2,811,321
65$3,125,802$2,022,235$1,767,899$3,002,212
66$3,388,342$2,065,033$1,770,832$3,210,110
67$3,675,887$2,108,154$1,772,089$3,436,694
68$3,990,933$2,151,559$1,771,559$3,683,814
69$4,336,227$2,195,204$1,769,125$3,953,508
70$4,714,795$2,239,041$1,764,664$4,248,022
71$5,129,969$2,283,020$1,758,045$4,569,830
72$5,585,421$2,327,082$1,749,134$4,921,657
73$6,085,192$2,371,168$1,737,789$5,306,506
74$6,633,737$2,415,211$1,723,860$5,727,685
75$7,235,961$2,459,139$1,707,193$6,188,840
76$7,897,268$2,502,876$1,687,622$6,693,986
77$8,623,611$2,546,337$1,664,979$7,247,550
78$9,421,546$2,589,435$1,639,082$7,854,409
79$10,298,297$2,632,071$1,609,745$8,519,936
80$11,261,824$2,674,143$1,576,772$9,250,052
81$12,320,893$2,715,539$1,539,957$10,051,283
82$13,485,163$2,756,139$1,499,085$10,930,820
83$14,765,277$2,795,817$1,453,931$11,896,586
84$16,172,958$2,834,435$1,404,260$12,957,313
85$17,721,123$2,871,846$1,349,827$14,122,624
86$19,424,005$2,907,893$1,290,373$15,403,123
87$21,297,283$2,942,410$1,225,631$16,810,496
88$23,358,235$2,975,217$1,155,318$18,357,622
89$25,625,896$3,006,124$1,079,142$20,058,693
90$28,121,239$3,034,926$996,796$21,929,350
91$30,867,375$3,061,407$907,958$23,986,829
92$33,889,767$3,085,335$812,293$26,250,125
93$37,216,470$3,106,464$709,453$28,740,173
94$40,878,401$3,124,531$599,070$31,480,044
95$44,909,623$3,139,259$480,764$34,495,161
96$49,347,672$3,150,349$354,136$37,813,544
97$54,233,904$3,157,486$218,770$41,466,073
98$59,613,895$3,160,335$74,232$45,486,779
99$65,537,861$3,158,541$0$49,913,164
100$72,061,137$3,151,723$0$54,793,393