Can I retire at age 58 with 1,770,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$146,165$144,863$143,593$142,353$141,142$136,953
2 years$72,359$71,011$69,705$68,439$67,211$63,025
3 years$47,760$46,407$45,104$43,849$42,641$38,590
4 years$35,463$34,114$32,824$31,591$30,412$26,526
5 years$28,087$26,746$25,473$24,265$23,119$19,409
6 years$23,171$21,840$20,586$19,405$18,293$14,763
7 years$19,661$18,341$17,107$15,954$14,877$11,526
8 years$17,030$15,722$14,508$13,383$12,342$9,169
9 years$14,984$13,689$12,496$11,400$10,394$7,394
10 years$13,349$12,066$10,894$9,827$8,856$6,026
11 years$12,012$10,741$9,591$8,552$7,616$4,952
12 years$10,898$9,641$8,512$7,501$6,600$4,095
13 years$9,957$8,713$7,605$6,623$5,756$3,405
14 years$9,150$7,920$6,833$5,879$5,045$2,842
15 years$8,452$7,235$6,169$5,243$4,442$2,381
16 years$7,842$6,638$5,593$4,694$3,926$2,000
17 years$7,304$6,113$5,090$4,218$3,481$1,684
18 years$6,826$5,649$4,646$3,801$3,095$1,421
19 years$6,399$5,235$4,253$3,435$2,759$1,201
20 years$6,016$4,865$3,904$3,111$2,464$1,016
21 years$5,669$4,531$3,590$2,823$2,205$861
22 years$5,354$4,230$3,309$2,567$1,977$730
23 years$5,067$3,956$3,055$2,338$1,774$619
24 years$4,805$3,707$2,826$2,132$1,595$526
25 years$4,563$3,478$2,617$1,947$1,435$447
26 years$4,341$3,269$2,427$1,780$1,293$380
27 years$4,135$3,077$2,254$1,630$1,166$323
28 years$3,945$2,899$2,095$1,493$1,052$275
29 years$3,768$2,735$1,950$1,369$950$234
30 years$3,603$2,583$1,816$1,257$858$199
31 years$3,449$2,442$1,693$1,154$776$170
32 years$3,305$2,310$1,580$1,061$702$144
33 years$3,170$2,188$1,475$975$635$123
34 years$3,043$2,074$1,378$897$575$105
35 years$2,924$1,967$1,289$826$521$89
36 years$2,811$1,867$1,205$761$472$76
37 years$2,705$1,773$1,128$701$428$65
38 years$2,605$1,685$1,057$646$388$55
39 years$2,510$1,602$990$596$352$47
40 years$2,420$1,524$928$550$319$40
41 years$2,335$1,451$870$507$289$34
42 years$2,253$1,382$816$468$263$29
43 years$2,176$1,317$766$432$238$25
44 years$2,103$1,255$719$399$216$21
45 years$2,033$1,197$675$368$196$18
46 years$1,966$1,142$634$340$178$15
47 years$1,903$1,090$596$314$162$13
48 years$1,842$1,040$560$290$147$11
49 years$1,784$993$526$268$134$10
50 years$1,728$949$495$248$121$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,770,000, adding $4,683 every year, while hoping to spend $25,258 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: 50/38/12 Blend
57$1,770,000$1,770,000$1,770,000$1,770,000
58$1,955,371$1,861,561$1,834,126$2,046,577
59$2,127,944$1,925,903$1,868,694$2,173,935
60$2,317,273$1,992,551$1,903,575$2,309,211
61$2,525,041$2,061,592$1,938,751$2,455,639
62$2,753,101$2,133,115$1,974,204$2,614,274
63$3,003,493$2,207,214$2,009,916$2,786,275
64$3,278,467$2,283,985$2,045,866$2,972,917
65$3,580,500$2,363,530$2,082,032$3,175,603
66$3,912,321$2,445,952$2,118,389$3,395,876
67$4,276,935$2,531,362$2,154,913$3,635,431
68$4,677,655$2,619,871$2,191,575$3,896,137
69$5,118,130$2,711,599$2,228,347$4,180,045
70$5,602,379$2,806,666$2,265,196$4,489,417
71$6,134,830$2,905,202$2,302,089$4,826,739
72$6,720,363$3,007,337$2,338,989$5,194,748
73$7,364,353$3,113,210$2,375,859$5,596,456
74$8,072,724$3,222,964$2,412,657$6,035,178
75$8,852,001$3,336,748$2,449,339$6,514,564
76$9,709,373$3,454,717$2,485,860$7,038,633
77$10,652,763$3,577,032$2,522,171$7,611,807
78$11,690,899$3,703,861$2,558,218$8,238,956
79$12,833,400$3,835,379$2,593,947$8,925,443
80$14,090,861$3,971,767$2,629,299$9,677,171
81$15,474,959$4,113,214$2,664,211$10,500,643
82$16,998,561$4,259,918$2,698,618$11,403,017
83$18,675,843$4,412,082$2,732,450$12,392,178
84$20,522,425$4,569,920$2,765,633$13,476,809
85$22,555,521$4,733,655$2,798,090$14,666,473
86$24,794,096$4,903,516$2,829,738$15,971,703
87$27,259,050$5,079,744$2,860,491$17,404,099
88$29,973,412$5,262,591$2,890,256$18,976,438
89$32,962,558$5,452,316$2,918,938$20,702,796
90$36,254,451$5,649,191$2,946,434$22,598,676
91$39,879,902$5,853,499$2,972,637$24,681,153
92$43,872,866$6,065,534$2,997,434$26,969,041
93$48,270,756$6,285,603$3,020,706$29,483,063
94$53,114,801$6,514,026$3,042,328$32,246,046
95$58,450,433$6,751,134$3,062,167$35,283,140
96$64,327,713$6,997,276$3,080,086$38,622,051
97$70,801,808$7,252,811$3,095,937$42,293,301
98$77,933,511$7,518,117$3,109,569$46,330,519
99$85,789,810$7,793,586$3,120,821$50,770,751
100$94,444,524$8,079,625$3,129,522$55,654,814