Can I retire at age 58 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$139,559$138,316$137,103$135,919$134,763$132,585
2 years$69,088$67,802$66,555$65,346$64,173$61,985
3 years$45,601$44,309$43,065$41,868$40,714$38,583
4 years$33,860$32,572$31,341$30,163$29,037$26,981
5 years$26,817$25,537$24,322$23,168$22,074$20,098
6 years$22,124$20,853$19,655$18,528$17,466$15,573
7 years$18,772$17,512$16,334$15,233$14,205$12,394
8 years$16,260$15,011$13,852$12,778$11,784$10,056
9 years$14,307$13,070$11,931$10,884$9,924$8,278
10 years$12,745$11,520$10,402$9,382$8,456$6,890
11 years$11,469$10,256$9,157$8,166$7,272$5,785
12 years$10,405$9,205$8,127$7,162$6,302$4,892
13 years$9,507$8,319$7,261$6,323$5,495$4,160
14 years$8,737$7,562$6,524$5,613$4,817$3,554
15 years$8,070$6,908$5,890$5,006$4,241$3,049
16 years$7,487$6,338$5,340$4,482$3,749$2,624
17 years$6,974$5,837$4,860$4,027$3,324$2,264
18 years$6,518$5,393$4,436$3,629$2,955$1,959
19 years$6,110$4,999$4,061$3,279$2,634$1,698
20 years$5,744$4,645$3,727$2,970$2,353$1,474
21 years$5,413$4,327$3,428$2,696$2,106$1,281
22 years$5,112$4,039$3,160$2,451$1,887$1,116
23 years$4,838$3,777$2,917$2,232$1,694$972
24 years$4,587$3,539$2,698$2,036$1,523$848
25 years$4,357$3,321$2,499$1,859$1,370$740
26 years$4,145$3,121$2,318$1,700$1,234$647
27 years$3,949$2,938$2,152$1,556$1,113$566
28 years$3,767$2,768$2,001$1,426$1,004$495
29 years$3,598$2,611$1,862$1,307$907$433
30 years$3,440$2,466$1,734$1,200$819$379
31 years$3,293$2,331$1,617$1,102$741$332
32 years$3,156$2,206$1,508$1,013$670$291
33 years$3,027$2,089$1,408$931$606$255
34 years$2,905$1,980$1,316$857$549$223
35 years$2,791$1,878$1,230$789$497$196
36 years$2,684$1,782$1,151$726$451$172
37 years$2,583$1,693$1,077$669$408$151
38 years$2,487$1,609$1,009$617$370$132
39 years$2,396$1,530$945$569$336$116
40 years$2,310$1,456$886$525$304$102
41 years$2,229$1,386$831$484$276$89
42 years$2,152$1,320$779$447$251$78
43 years$2,078$1,257$731$412$227$69
44 years$2,008$1,198$686$381$206$60
45 years$1,941$1,143$644$352$187$53
46 years$1,878$1,090$605$325$170$46
47 years$1,817$1,040$569$300$155$41
48 years$1,759$993$534$277$140$36
49 years$1,703$948$502$256$127$31
50 years$1,650$906$472$237$116$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,690,000, adding $3,480 every year, while hoping to spend $49,670 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: 59/20/21 Blend
57$1,690,000$1,690,000$1,690,000$1,690,000
58$1,865,970$1,776,400$1,750,205$1,965,484
59$2,003,450$1,810,595$1,755,988$2,067,647
60$2,153,289$1,844,801$1,760,300$2,173,310
61$2,316,694$1,878,965$1,763,040$2,287,447
62$2,494,995$1,913,033$1,764,100$2,410,889
63$2,689,656$1,946,943$1,763,369$2,544,549
64$2,902,287$1,980,630$1,760,728$2,689,438
65$3,134,663$2,014,024$1,756,056$2,846,666
66$3,388,736$2,047,048$1,749,221$3,017,459
67$3,666,657$2,079,623$1,740,089$3,203,168
68$3,970,791$2,111,660$1,728,518$3,405,285
69$4,303,747$2,143,066$1,714,358$3,625,451
70$4,668,394$2,173,741$1,697,454$3,865,479
71$5,067,893$2,203,578$1,677,642$4,127,366
72$5,505,727$2,232,461$1,654,751$4,413,314
73$5,985,727$2,260,268$1,628,601$4,725,751
74$6,512,118$2,286,868$1,599,006$5,067,355
75$7,089,550$2,312,121$1,565,769$5,441,078
76$7,723,146$2,335,876$1,528,684$5,850,175
77$8,418,548$2,357,975$1,487,536$6,298,235
78$9,181,971$2,378,248$1,442,100$6,789,214
79$10,020,263$2,396,513$1,392,141$7,327,475
80$10,940,966$2,412,577$1,337,413$7,917,828
81$11,952,386$2,426,236$1,277,659$8,565,576
82$13,063,679$2,437,270$1,212,609$9,276,567
83$14,284,925$2,445,448$1,141,983$10,057,246
84$15,627,235$2,450,522$1,065,487$10,914,721
85$17,102,845$2,452,230$982,813$11,856,827
86$18,725,239$2,450,293$893,641$12,892,202
87$20,509,272$2,444,415$797,636$14,030,371
88$22,471,308$2,434,282$694,447$15,281,832
89$24,629,380$2,419,561$583,710$16,658,160
90$27,003,354$2,399,897$465,042$18,172,115
91$29,615,120$2,374,915$338,044$19,837,764
92$32,488,794$2,344,218$202,301$21,670,614
93$35,650,951$2,307,385$57,378$23,687,761
94$39,130,869$2,263,967$0$25,908,049
95$42,960,810$2,213,494$0$28,374,050
96$47,176,320$2,155,463$0$31,102,004
97$51,816,568$2,089,344$0$34,104,394
98$56,924,711$2,014,575$0$37,409,163
99$62,548,305$1,930,562$0$41,047,104
100$68,739,750$1,836,677$0$45,052,154