Can I retire at age 58 with 1,670,000?

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 $1,670,000?

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$137,907$136,679$135,480$134,310$133,168$127,834
2 years$68,271$66,999$65,767$64,572$63,413$58,106
3 years$45,062$43,785$42,556$41,372$40,232$35,119
4 years$33,460$32,186$30,970$29,806$28,694$23,814
5 years$26,500$25,235$24,034$22,894$21,813$17,178
6 years$21,862$20,606$19,423$18,309$17,260$12,874
7 years$18,550$17,305$16,140$15,052$14,037$9,897
8 years$16,068$14,833$13,688$12,627$11,645$7,748
9 years$14,138$12,915$11,790$10,756$9,807$6,146
10 years$12,595$11,384$10,279$9,271$8,356$4,925
11 years$11,333$10,135$9,049$8,069$7,186$3,976
12 years$10,282$9,096$8,031$7,077$6,227$3,230
13 years$9,394$8,220$7,175$6,248$5,430$2,636
14 years$8,633$7,472$6,447$5,547$4,760$2,160
15 years$7,975$6,826$5,821$4,947$4,191$1,775
16 years$7,399$6,263$5,277$4,429$3,704$1,462
17 years$6,891$5,768$4,802$3,980$3,284$1,207
18 years$6,441$5,330$4,384$3,586$2,920$998
19 years$6,038$4,939$4,013$3,241$2,603$826
20 years$5,676$4,590$3,683$2,935$2,325$685
21 years$5,349$4,275$3,388$2,664$2,081$568
22 years$5,052$3,991$3,122$2,422$1,865$472
23 years$4,781$3,733$2,883$2,206$1,674$392
24 years$4,533$3,497$2,666$2,012$1,505$326
25 years$4,306$3,282$2,469$1,837$1,354$271
26 years$4,096$3,084$2,290$1,680$1,220$225
27 years$3,902$2,903$2,127$1,538$1,100$187
28 years$3,722$2,735$1,977$1,409$992$156
29 years$3,555$2,580$1,840$1,292$896$130
30 years$3,399$2,437$1,714$1,186$810$108
31 years$3,254$2,304$1,598$1,089$732$90
32 years$3,118$2,180$1,491$1,001$662$75
33 years$2,991$2,064$1,392$920$599$62
34 years$2,871$1,957$1,300$847$542$52
35 years$2,758$1,856$1,216$779$491$43
36 years$2,652$1,761$1,137$718$445$36
37 years$2,552$1,673$1,065$661$403$30
38 years$2,458$1,590$997$610$366$25
39 years$2,368$1,512$934$562$332$21
40 years$2,283$1,438$875$518$301$17
41 years$2,203$1,369$821$478$273$15
42 years$2,126$1,304$770$441$248$12
43 years$2,053$1,242$723$408$225$10
44 years$1,984$1,184$678$376$204$8
45 years$1,918$1,129$637$347$185$7
46 years$1,855$1,077$598$321$168$6
47 years$1,795$1,028$562$297$153$5
48 years$1,738$981$528$274$139$4
49 years$1,683$937$496$253$126$3
50 years$1,631$895$467$234$114$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,670,000, adding $5,235 every year, while hoping to spend $52,930 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: 66/10/24 Blend
57$1,670,000$1,670,000$1,670,000$1,670,000
58$1,845,740$1,757,230$1,731,345$1,955,786
59$1,977,688$1,787,017$1,733,028$2,060,251
60$2,121,321$1,816,490$1,732,993$2,167,943
61$2,277,775$1,845,577$1,731,127$2,284,471
62$2,448,300$1,874,202$1,727,312$2,410,704
63$2,634,271$1,902,282$1,721,421$2,547,606
64$2,837,203$1,929,730$1,713,325$2,696,234
65$3,058,762$1,956,452$1,702,886$2,857,759
66$3,300,784$1,982,346$1,689,961$3,033,468
67$3,565,288$2,007,304$1,674,398$3,224,782
68$3,854,497$2,031,212$1,656,041$3,433,267
69$4,170,861$2,053,947$1,634,723$3,660,650
70$4,517,075$2,075,376$1,610,272$3,908,835
71$4,896,107$2,095,361$1,582,507$4,179,923
72$5,311,227$2,113,750$1,551,238$4,476,228
73$5,766,034$2,130,386$1,516,267$4,800,302
74$6,264,493$2,145,098$1,477,385$5,154,960
75$6,810,970$2,157,707$1,434,376$5,543,305
76$7,410,274$2,168,019$1,387,013$5,968,758
77$8,067,701$2,175,831$1,335,057$6,435,092
78$8,789,085$2,180,926$1,278,260$6,946,464
79$9,580,853$2,183,073$1,216,363$7,507,462
80$10,450,083$2,182,026$1,149,094$8,123,139
81$11,404,571$2,177,525$1,076,168$8,799,070
82$12,452,907$2,169,294$997,290$9,541,400
83$13,604,554$2,157,039$912,149$10,356,902
84$14,869,934$2,140,450$820,422$11,253,045
85$16,260,531$2,119,195$721,770$12,238,064
86$17,788,995$2,092,926$615,839$13,321,035
87$19,469,265$2,061,271$502,262$14,511,965
88$21,316,694$2,023,838$380,652$15,821,886
89$23,348,200$1,980,210$250,607$17,262,958
90$25,582,422$1,929,945$111,708$18,848,588
91$28,039,895$1,872,578$0$20,593,554
92$30,743,244$1,807,614$0$22,523,500
93$33,717,398$1,734,531$0$24,678,167
94$36,989,823$1,652,774$0$27,048,837
95$40,590,784$1,561,758$0$29,657,459
96$44,553,624$1,460,864$0$32,528,219
97$48,915,085$1,349,438$0$35,687,770
98$53,715,650$1,226,787$0$39,165,484
99$58,999,927$1,092,180$0$42,993,727
100$64,817,066$944,844$0$47,208,164