Can I retire at age 58 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$142,862$141,589$140,348$139,136$137,953$136,455
2 years$70,724$69,406$68,130$66,892$65,692$64,184
3 years$46,681$45,358$44,085$42,859$41,678$40,206
4 years$34,662$33,343$32,082$30,877$29,725$28,301
5 years$27,452$26,141$24,897$23,717$22,596$21,225
6 years$22,647$21,346$20,121$18,966$17,880$16,562
7 years$19,217$17,927$16,720$15,593$14,541$13,277
8 years$16,645$15,366$14,180$13,081$12,063$10,854
9 years$14,646$13,379$12,213$11,142$10,159$9,003
10 years$13,047$11,793$10,648$9,604$8,656$7,553
11 years$11,740$10,499$9,374$8,359$7,444$6,394
12 years$10,652$9,423$8,319$7,332$6,451$5,451
13 years$9,732$8,516$7,433$6,473$5,626$4,675
14 years$8,943$7,741$6,678$5,746$4,931$4,030
15 years$8,261$7,071$6,030$5,124$4,342$3,487
16 years$7,665$6,488$5,467$4,588$3,837$3,028
17 years$7,139$5,975$4,975$4,123$3,402$2,637
18 years$6,672$5,521$4,541$3,715$3,025$2,303
19 years$6,255$5,117$4,157$3,357$2,697$2,015
20 years$5,880$4,755$3,815$3,040$2,409$1,766
21 years$5,541$4,429$3,509$2,759$2,155$1,551
22 years$5,233$4,134$3,234$2,509$1,932$1,364
23 years$4,953$3,867$2,986$2,285$1,734$1,200
24 years$4,696$3,623$2,762$2,084$1,559$1,058
25 years$4,460$3,400$2,558$1,903$1,403$933
26 years$4,243$3,195$2,372$1,740$1,264$824
27 years$4,042$3,007$2,203$1,593$1,139$727
28 years$3,856$2,834$2,048$1,459$1,028$643
29 years$3,683$2,673$1,906$1,338$928$569
30 years$3,522$2,525$1,775$1,228$839$503
31 years$3,371$2,387$1,655$1,128$758$445
32 years$3,230$2,258$1,544$1,037$686$394
33 years$3,098$2,139$1,442$953$621$349
34 years$2,974$2,027$1,347$877$562$310
35 years$2,858$1,922$1,259$807$509$274
36 years$2,748$1,825$1,178$744$461$243
37 years$2,644$1,733$1,103$685$418$216
38 years$2,546$1,647$1,033$632$379$191
39 years$2,453$1,566$968$582$344$170
40 years$2,365$1,490$907$537$312$151
41 years$2,282$1,418$850$496$283$134
42 years$2,203$1,351$798$457$257$119
43 years$2,127$1,287$748$422$233$105
44 years$2,055$1,227$703$390$211$93
45 years$1,987$1,170$660$360$192$83
46 years$1,922$1,116$620$333$174$74
47 years$1,860$1,065$582$307$158$65
48 years$1,800$1,017$547$284$144$58
49 years$1,743$971$514$262$130$51
50 years$1,689$927$483$242$119$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,730,000, adding $5,439 every year, while hoping to spend $55,322 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: 49/22/29 Blend
57$1,730,000$1,730,000$1,730,000$1,730,000
58$1,912,070$1,820,380$1,793,565$1,989,750
59$2,048,239$1,850,717$1,794,788$2,075,190
60$2,196,443$1,880,686$1,794,197$2,162,087
61$2,357,852$1,910,210$1,791,673$2,255,436
62$2,533,751$1,939,209$1,787,093$2,355,877
63$2,725,557$1,967,593$1,780,324$2,464,113
64$2,934,828$1,995,270$1,771,229$2,580,925
65$3,163,279$2,022,137$1,759,664$2,707,171
66$3,412,800$2,048,088$1,745,478$2,843,801
67$3,685,467$2,073,006$1,728,514$2,991,865
68$3,983,571$2,096,769$1,708,605$3,152,519
69$4,309,629$2,119,245$1,685,578$3,327,043
70$4,666,418$2,140,294$1,659,251$3,516,847
71$5,056,990$2,159,767$1,629,434$3,723,489
72$5,484,712$2,177,503$1,595,928$3,948,691
73$5,953,285$2,193,334$1,558,525$4,194,350
74$6,466,791$2,207,078$1,517,006$4,462,562
75$7,029,722$2,218,544$1,471,144$4,755,642
76$7,647,027$2,227,525$1,420,700$5,076,143
77$8,324,155$2,233,805$1,365,425$5,426,883
78$9,067,110$2,237,153$1,305,058$5,810,972
79$9,882,504$2,237,322$1,239,326$6,231,842
80$10,777,620$2,234,052$1,167,945$6,693,281
81$11,760,482$2,227,065$1,090,615$7,199,468
82$12,839,927$2,216,067$1,007,027$7,755,015
83$14,025,692$2,200,747$916,855$8,365,009
84$15,328,502$2,180,773$819,759$9,035,065
85$16,760,173$2,155,794$715,384$9,771,375
86$18,333,721$2,125,439$603,360$10,580,771
87$20,063,487$2,089,312$483,299$11,470,791
88$21,965,271$2,046,996$354,798$12,449,748
89$24,056,479$1,998,049$217,434$13,526,814
90$26,356,289$1,942,003$70,767$14,712,104
91$28,885,830$1,878,361$0$16,016,776
92$31,668,382$1,806,598$0$17,479,669
93$34,729,594$1,726,158$0$19,112,916
94$38,097,728$1,636,455$0$20,909,719
95$41,803,922$1,536,867$0$22,886,748
96$45,882,484$1,426,736$0$25,062,376
97$50,371,219$1,305,367$0$27,456,854
98$55,311,779$1,172,026$0$30,092,504
99$60,750,061$1,025,936$0$32,993,928
100$66,736,637$866,276$0$36,188,244