Can I retire at age 58 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$141,210$139,952$138,725$137,527$136,358$130,948
2 years$69,906$68,604$67,342$66,119$64,932$59,549
3 years$46,141$44,834$43,575$42,363$41,196$36,008
4 years$34,261$32,957$31,711$30,520$29,381$24,429
5 years$27,135$25,839$24,609$23,442$22,335$17,631
6 years$22,385$21,099$19,888$18,747$17,673$13,220
7 years$18,994$17,719$16,527$15,413$14,373$10,170
8 years$16,452$15,189$14,016$12,930$11,924$7,966
9 years$14,476$13,225$12,072$11,013$10,041$6,323
10 years$12,896$11,657$10,525$9,493$8,556$5,069
11 years$11,604$10,377$9,266$8,262$7,358$4,096
12 years$10,529$9,314$8,223$7,247$6,377$3,329
13 years$9,619$8,417$7,347$6,398$5,560$2,719
14 years$8,840$7,651$6,601$5,679$4,874$2,229
15 years$8,166$6,989$5,960$5,065$4,292$1,833
16 years$7,576$6,413$5,404$4,535$3,793$1,511
17 years$7,056$5,906$4,917$4,075$3,363$1,248
18 years$6,595$5,457$4,489$3,672$2,990$1,033
19 years$6,182$5,058$4,109$3,318$2,665$856
20 years$5,812$4,700$3,771$3,005$2,381$710
21 years$5,477$4,378$3,469$2,727$2,131$589
22 years$5,173$4,086$3,197$2,480$1,910$490
23 years$4,895$3,822$2,952$2,258$1,714$407
24 years$4,642$3,581$2,730$2,060$1,541$339
25 years$4,409$3,361$2,529$1,881$1,386$282
26 years$4,194$3,158$2,345$1,720$1,249$235
27 years$3,995$2,972$2,178$1,574$1,126$195
28 years$3,811$2,801$2,024$1,443$1,016$163
29 years$3,640$2,642$1,884$1,323$917$136
30 years$3,481$2,495$1,755$1,214$829$113
31 years$3,332$2,359$1,636$1,115$749$94
32 years$3,193$2,232$1,526$1,025$678$79
33 years$3,062$2,114$1,425$942$614$65
34 years$2,940$2,003$1,332$867$555$55
35 years$2,825$1,900$1,245$798$503$46
36 years$2,716$1,804$1,165$735$456$38
37 years$2,613$1,713$1,090$677$413$32
38 years$2,516$1,628$1,021$624$375$26
39 years$2,425$1,548$956$576$340$22
40 years$2,338$1,473$896$531$308$18
41 years$2,255$1,402$841$490$280$15
42 years$2,177$1,335$788$452$254$13
43 years$2,103$1,272$740$417$230$11
44 years$2,032$1,213$694$385$209$9
45 years$1,964$1,156$652$356$190$7
46 years$1,900$1,103$612$329$172$6
47 years$1,838$1,053$575$304$156$5
48 years$1,780$1,005$541$281$142$4
49 years$1,723$960$508$259$129$4
50 years$1,670$917$478$240$117$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,710,000, adding $5,837 every year, while hoping to spend $20,345 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: 75/9/16 Blend
57$1,710,000$1,710,000$1,710,000$1,710,000
58$1,890,441$1,799,811$1,773,306$2,025,084
59$2,061,619$1,866,355$1,811,065$2,181,476
60$2,249,575$1,935,477$1,849,407$2,349,747
61$2,456,000$2,007,283$1,888,330$2,533,633
62$2,682,754$2,081,883$1,927,831$2,734,682
63$2,931,889$2,159,389$1,967,907$2,954,601
64$3,205,664$2,239,921$2,008,554$3,195,267
65$3,506,567$2,323,603$2,049,766$3,458,748
66$3,837,341$2,410,564$2,091,538$3,747,321
67$4,201,007$2,500,939$2,133,862$4,063,495
68$4,600,893$2,594,868$2,176,729$4,410,033
69$5,040,667$2,692,498$2,220,132$4,789,977
70$5,524,367$2,793,983$2,264,058$5,206,680
71$6,056,445$2,899,481$2,308,497$5,663,834
72$6,641,806$3,009,159$2,353,435$6,165,506
73$7,285,853$3,123,191$2,398,859$6,716,176
74$7,994,541$3,241,758$2,444,751$7,320,780
75$8,774,429$3,365,049$2,491,095$7,984,754
76$9,632,745$3,493,261$2,537,871$8,714,089
77$10,577,455$3,626,600$2,585,060$9,515,383
78$11,617,333$3,765,282$2,632,637$10,395,905
79$12,762,050$3,909,529$2,680,579$11,363,666
80$14,022,259$4,059,577$2,728,859$12,427,488
81$15,409,703$4,215,669$2,777,448$13,597,094
82$16,937,316$4,378,060$2,826,317$14,883,195
83$18,619,354$4,547,018$2,875,431$16,297,593
84$20,471,525$4,722,818$2,924,754$17,853,289
85$22,511,137$4,905,753$2,974,250$19,564,612
86$24,757,262$5,096,124$3,023,876$21,447,345
87$27,230,917$5,294,247$3,073,590$23,518,882
88$29,955,259$5,500,454$3,123,344$25,798,386
89$32,955,808$5,715,089$3,173,088$28,306,974
90$36,260,684$5,938,512$3,222,770$31,067,912
91$39,900,874$6,171,099$3,272,333$34,106,837
92$43,910,524$6,413,244$3,321,717$37,451,998
93$48,327,260$6,665,355$3,370,858$41,134,522
94$53,192,546$6,927,864$3,419,687$45,188,708
95$58,552,073$7,201,216$3,468,133$49,652,349
96$64,456,188$7,485,879$3,516,120$54,567,090
97$70,960,376$7,782,344$3,563,566$59,978,821
98$78,125,774$8,091,119$3,610,386$65,938,108
99$86,019,757$8,412,738$3,656,488$72,500,670
100$94,716,570$8,747,759$3,701,777$79,727,907