Can I retire at age 58 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$145,339$144,045$142,781$141,549$140,345$136,399
2 years$71,950$70,610$69,311$68,052$66,831$62,886
3 years$47,490$46,144$44,849$43,602$42,400$38,579
4 years$35,263$33,921$32,639$31,413$30,240$26,573
5 years$27,928$26,595$25,329$24,128$22,988$19,484
6 years$23,040$21,716$20,470$19,295$18,190$14,852
7 years$19,550$18,237$17,010$15,864$14,793$11,623
8 years$16,933$15,633$14,426$13,308$12,272$9,267
9 years$14,900$13,611$12,425$11,335$10,335$7,492
10 years$13,273$11,998$10,833$9,771$8,806$6,121
11 years$11,944$10,681$9,537$8,504$7,573$5,043
12 years$10,836$9,586$8,464$7,459$6,563$4,181
13 years$9,900$8,663$7,562$6,585$5,723$3,485
14 years$9,099$7,875$6,794$5,846$5,017$2,918
15 years$8,404$7,194$6,134$5,213$4,417$2,451
16 years$7,797$6,600$5,562$4,668$3,904$2,065
17 years$7,263$6,078$5,061$4,194$3,461$1,744
18 years$6,788$5,617$4,620$3,780$3,078$1,476
19 years$6,363$5,206$4,229$3,415$2,743$1,251
20 years$5,982$4,837$3,881$3,093$2,450$1,062
21 years$5,637$4,506$3,570$2,807$2,193$902
22 years$5,324$4,206$3,290$2,552$1,966$767
23 years$5,039$3,934$3,038$2,325$1,764$653
24 years$4,777$3,686$2,810$2,120$1,586$557
25 years$4,538$3,459$2,602$1,936$1,427$474
26 years$4,316$3,251$2,414$1,770$1,285$405
27 years$4,112$3,059$2,241$1,620$1,159$345
28 years$3,923$2,883$2,084$1,485$1,046$295
29 years$3,747$2,720$1,939$1,361$944$252
30 years$3,583$2,568$1,806$1,250$853$215
31 years$3,429$2,428$1,684$1,148$771$184
32 years$3,286$2,297$1,571$1,055$698$157
33 years$3,152$2,176$1,467$970$631$134
34 years$3,026$2,062$1,370$892$572$115
35 years$2,907$1,956$1,281$821$518$98
36 years$2,795$1,856$1,199$757$469$84
37 years$2,690$1,763$1,122$697$425$72
38 years$2,590$1,676$1,051$642$386$61
39 years$2,496$1,593$984$592$350$52
40 years$2,406$1,516$923$546$317$45
41 years$2,321$1,443$865$504$288$38
42 years$2,241$1,374$811$465$261$33
43 years$2,164$1,309$761$429$237$28
44 years$2,091$1,248$715$397$215$24
45 years$2,022$1,190$671$366$195$20
46 years$1,955$1,135$630$338$177$18
47 years$1,892$1,083$592$313$161$15
48 years$1,832$1,034$557$289$146$13
49 years$1,774$988$523$267$133$11
50 years$1,718$944$492$247$121$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,760,000, adding $2,446 every year, while hoping to spend $56,268 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: 72/14/14 Blend
57$1,760,000$1,760,000$1,760,000$1,760,000
58$1,942,043$1,848,763$1,821,483$2,075,740
59$2,080,263$1,879,484$1,822,634$2,195,390
60$2,230,695$1,909,824$1,821,938$2,319,264
61$2,394,526$1,939,705$1,819,273$2,453,422
62$2,573,061$1,969,045$1,814,512$2,598,870
63$2,767,737$1,997,752$1,807,522$2,756,714
64$2,980,135$2,025,730$1,798,163$2,928,175
65$3,211,996$2,052,878$1,786,288$3,114,599
66$3,465,235$2,079,084$1,771,744$3,317,466
67$3,741,961$2,104,231$1,754,369$3,538,409
68$4,044,496$2,128,193$1,733,996$3,779,230
69$4,375,396$2,150,837$1,710,447$4,041,909
70$4,737,477$2,172,018$1,683,537$4,328,634
71$5,133,838$2,191,585$1,653,073$4,641,814
72$5,567,891$2,209,374$1,618,853$4,984,103
73$6,043,395$2,225,213$1,580,664$5,358,427
74$6,564,489$2,238,917$1,538,284$5,768,012
75$7,135,732$2,250,289$1,491,482$6,216,413
76$7,762,144$2,259,120$1,440,014$6,707,547
77$8,449,256$2,265,190$1,383,627$7,245,732
78$9,203,156$2,268,261$1,322,055$7,835,730
79$10,030,555$2,268,082$1,255,021$8,482,785
80$10,938,842$2,264,389$1,182,234$9,192,680
81$11,936,158$2,256,897$1,103,393$9,971,790
82$13,031,468$2,245,307$1,018,178$10,827,138
83$14,234,651$2,229,301$926,261$11,766,469
84$15,556,589$2,208,541$827,295$12,798,316
85$17,009,270$2,182,668$720,918$13,932,088
86$18,605,901$2,151,304$606,754$15,178,153
87$20,361,031$2,114,046$484,408$16,547,940
88$22,290,690$2,070,468$353,470$18,054,045
89$24,412,539$2,020,119$213,509$19,710,354
90$26,746,034$1,962,521$64,078$21,532,169
91$29,312,614$1,897,169$0$23,536,358
92$32,135,897$1,823,526$0$25,755,763
93$35,241,906$1,741,028$0$28,207,766
94$38,659,316$1,649,073$0$30,905,448
95$42,419,717$1,547,029$0$33,873,781
96$46,557,920$1,434,224$0$37,140,286
97$51,112,278$1,309,952$0$40,735,291
98$56,125,052$1,173,461$0$44,692,215
99$61,642,808$1,023,961$0$49,047,891
100$67,716,854$860,615$0$53,842,904