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%11.3%
1 years$137,907$136,679$135,480$134,310$133,168$132,440
2 years$68,271$66,999$65,767$64,572$63,413$62,679
3 years$45,062$43,785$42,556$41,372$40,232$39,513
4 years$33,460$32,186$30,970$29,806$28,694$27,997
5 years$26,500$25,235$24,034$22,894$21,813$21,139
6 years$21,862$20,606$19,423$18,309$17,260$16,611
7 years$18,550$17,305$16,140$15,052$14,037$13,413
8 years$16,068$14,833$13,688$12,627$11,645$11,046
9 years$14,138$12,915$11,790$10,756$9,807$9,233
10 years$12,595$11,384$10,279$9,271$8,356$7,806
11 years$11,333$10,135$9,049$8,069$7,186$6,661
12 years$10,282$9,096$8,031$7,077$6,227$5,726
13 years$9,394$8,220$7,175$6,248$5,430$4,952
14 years$8,633$7,472$6,447$5,547$4,760$4,305
15 years$7,975$6,826$5,821$4,947$4,191$3,758
16 years$7,399$6,263$5,277$4,429$3,704$3,293
17 years$6,891$5,768$4,802$3,980$3,284$2,894
18 years$6,441$5,330$4,384$3,586$2,920$2,550
19 years$6,038$4,939$4,013$3,241$2,603$2,252
20 years$5,676$4,590$3,683$2,935$2,325$1,993
21 years$5,349$4,275$3,388$2,664$2,081$1,767
22 years$5,052$3,991$3,122$2,422$1,865$1,569
23 years$4,781$3,733$2,883$2,206$1,674$1,394
24 years$4,533$3,497$2,666$2,012$1,505$1,241
25 years$4,306$3,282$2,469$1,837$1,354$1,106
26 years$4,096$3,084$2,290$1,680$1,220$986
27 years$3,902$2,903$2,127$1,538$1,100$880
28 years$3,722$2,735$1,977$1,409$992$786
29 years$3,555$2,580$1,840$1,292$896$703
30 years$3,399$2,437$1,714$1,186$810$628
31 years$3,254$2,304$1,598$1,089$732$562
32 years$3,118$2,180$1,491$1,001$662$503
33 years$2,991$2,064$1,392$920$599$450
34 years$2,871$1,957$1,300$847$542$403
35 years$2,758$1,856$1,216$779$491$362
36 years$2,652$1,761$1,137$718$445$324
37 years$2,552$1,673$1,065$661$403$290
38 years$2,458$1,590$997$610$366$260
39 years$2,368$1,512$934$562$332$234
40 years$2,283$1,438$875$518$301$210
41 years$2,203$1,369$821$478$273$188
42 years$2,126$1,304$770$441$248$169
43 years$2,053$1,242$723$408$225$151
44 years$1,984$1,184$678$376$204$136
45 years$1,918$1,129$637$347$185$122
46 years$1,855$1,077$598$321$168$110
47 years$1,795$1,028$562$297$153$98
48 years$1,738$981$528$274$139$88
49 years$1,683$937$496$253$126$79
50 years$1,631$895$467$234$114$71

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 $6,786 every year, while hoping to spend $35,349 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: 84/8/8 Blend
57$1,670,000$1,670,000$1,670,000$1,670,000
58$1,847,340$1,758,830$1,732,945$2,000,280
59$1,998,157$1,807,401$1,753,387$2,149,772
60$2,163,174$1,857,168$1,773,330$2,308,459
61$2,343,799$1,908,152$1,792,719$2,481,655
62$2,541,589$1,960,373$1,811,496$2,670,796
63$2,758,252$2,013,852$1,829,603$2,877,462
64$2,995,674$2,068,611$1,846,974$3,103,394
65$3,255,929$2,124,669$1,863,545$3,350,509
66$3,541,303$2,182,048$1,879,243$3,620,919
67$3,854,314$2,240,766$1,893,995$3,916,950
68$4,197,733$2,300,842$1,907,723$4,241,163
69$4,574,614$2,362,296$1,920,345$4,596,380
70$4,988,322$2,425,146$1,931,774$4,985,709
71$5,442,562$2,489,409$1,941,919$5,412,576
72$5,941,416$2,555,103$1,950,685$5,880,751
73$6,489,379$2,622,242$1,957,972$6,394,390
74$7,091,406$2,690,841$1,963,674$6,958,071
75$7,752,952$2,760,916$1,967,681$7,576,838
76$8,480,031$2,832,479$1,969,876$8,256,247
77$9,279,265$2,905,540$1,970,137$9,002,419
78$10,157,949$2,980,112$1,968,336$9,822,100
79$11,124,124$3,056,201$1,964,340$10,722,721
80$12,186,646$3,133,816$1,958,006$11,712,469
81$13,355,273$3,212,962$1,949,188$12,800,366
82$14,640,755$3,293,642$1,937,731$13,996,351
83$16,054,939$3,375,857$1,923,472$15,311,377
84$17,610,876$3,459,607$1,906,241$16,757,510
85$19,322,946$3,544,888$1,885,861$18,348,048
86$21,206,994$3,631,695$1,862,144$20,097,642
87$23,280,477$3,720,018$1,834,896$22,022,436
88$25,562,632$3,809,845$1,803,911$24,140,218
89$28,074,655$3,901,162$1,768,976$26,470,591
90$30,839,900$3,993,949$1,729,867$29,035,154
91$33,884,101$4,088,184$1,686,349$31,857,706
92$37,235,615$4,183,840$1,638,177$34,964,475
93$40,925,686$4,280,887$1,585,095$38,384,359
94$44,988,743$4,379,288$1,526,833$42,149,205
95$49,462,725$4,479,003$1,463,111$46,294,103
96$54,389,434$4,579,985$1,393,637$50,857,723
97$59,814,935$4,682,183$1,318,103$55,882,677
98$65,789,987$4,785,539$1,236,188$61,415,920
99$72,370,523$4,889,988$1,147,558$67,509,194
100$79,618,178$4,995,459$1,051,862$74,219,520