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

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$146,165$144,863$143,593$142,353$141,142$136,843
2 years$72,359$71,011$69,705$68,439$67,211$62,917
3 years$47,760$46,407$45,104$43,849$42,641$38,486
4 years$35,463$34,114$32,824$31,591$30,412$26,429
5 years$28,087$26,746$25,473$24,265$23,119$19,317
6 years$23,171$21,840$20,586$19,405$18,293$14,677
7 years$19,661$18,341$17,107$15,954$14,877$11,446
8 years$17,030$15,722$14,508$13,383$12,342$9,094
9 years$14,984$13,689$12,496$11,400$10,394$7,325
10 years$13,349$12,066$10,894$9,827$8,856$5,963
11 years$12,012$10,741$9,591$8,552$7,616$4,893
12 years$10,898$9,641$8,512$7,501$6,600$4,041
13 years$9,957$8,713$7,605$6,623$5,756$3,355
14 years$9,150$7,920$6,833$5,879$5,045$2,797
15 years$8,452$7,235$6,169$5,243$4,442$2,340
16 years$7,842$6,638$5,593$4,694$3,926$1,963
17 years$7,304$6,113$5,090$4,218$3,481$1,650
18 years$6,826$5,649$4,646$3,801$3,095$1,390
19 years$6,399$5,235$4,253$3,435$2,759$1,173
20 years$6,016$4,865$3,904$3,111$2,464$991
21 years$5,669$4,531$3,590$2,823$2,205$838
22 years$5,354$4,230$3,309$2,567$1,977$710
23 years$5,067$3,956$3,055$2,338$1,774$601
24 years$4,805$3,707$2,826$2,132$1,595$510
25 years$4,563$3,478$2,617$1,947$1,435$433
26 years$4,341$3,269$2,427$1,780$1,293$367
27 years$4,135$3,077$2,254$1,630$1,166$312
28 years$3,945$2,899$2,095$1,493$1,052$265
29 years$3,768$2,735$1,950$1,369$950$225
30 years$3,603$2,583$1,816$1,257$858$191
31 years$3,449$2,442$1,693$1,154$776$163
32 years$3,305$2,310$1,580$1,061$702$138
33 years$3,170$2,188$1,475$975$635$118
34 years$3,043$2,074$1,378$897$575$100
35 years$2,924$1,967$1,289$826$521$85
36 years$2,811$1,867$1,205$761$472$72
37 years$2,705$1,773$1,128$701$428$62
38 years$2,605$1,685$1,057$646$388$52
39 years$2,510$1,602$990$596$352$45
40 years$2,420$1,524$928$550$319$38
41 years$2,335$1,451$870$507$289$32
42 years$2,253$1,382$816$468$263$27
43 years$2,176$1,317$766$432$238$23
44 years$2,103$1,255$719$399$216$20
45 years$2,033$1,197$675$368$196$17
46 years$1,966$1,142$634$340$178$14
47 years$1,903$1,090$596$314$162$12
48 years$1,842$1,040$560$290$147$10
49 years$1,784$993$526$268$134$9
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 $3,732 every year, while hoping to spend $58,455 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: 60/17/23 Blend
57$1,770,000$1,770,000$1,770,000$1,770,000
58$1,954,390$1,860,580$1,833,145$2,059,490
59$2,091,542$1,889,552$1,832,359$2,160,256
60$2,240,724$1,917,986$1,829,588$2,263,458
61$2,403,102$1,945,791$1,824,704$2,374,776
62$2,579,958$1,972,875$1,817,571$2,495,009
63$2,772,704$1,999,135$1,808,049$2,625,038
64$2,982,891$2,024,464$1,795,991$2,765,836
65$3,212,230$2,048,747$1,781,240$2,918,475
66$3,462,601$2,071,859$1,763,636$3,084,140
67$3,736,076$2,093,670$1,743,007$3,264,136
68$4,034,935$2,114,039$1,719,177$3,459,903
69$4,361,687$2,132,816$1,691,958$3,673,030
70$4,719,097$2,149,841$1,661,156$3,905,270
71$5,110,206$2,164,945$1,626,567$4,158,556
72$5,538,367$2,177,947$1,587,976$4,435,020
73$6,007,267$2,188,653$1,545,160$4,737,016
74$6,520,971$2,196,860$1,497,886$5,067,136
75$7,083,953$2,202,349$1,445,908$5,428,245
76$7,701,142$2,204,890$1,388,971$5,823,497
77$8,377,964$2,204,235$1,326,808$6,256,375
78$9,120,398$2,200,124$1,259,138$6,730,718
79$9,935,029$2,192,281$1,185,669$7,250,762
80$10,829,109$2,180,410$1,106,096$7,821,178
81$11,810,628$2,164,199$1,020,100$8,447,116
82$12,888,386$2,143,319$927,347$9,134,257
83$14,072,076$2,117,416$827,488$9,888,866
84$15,372,379$2,086,121$720,160$10,717,851
85$16,801,059$2,049,038$604,983$11,628,832
86$18,371,076$2,005,750$481,559$12,630,208
87$20,096,708$1,955,814$349,474$13,731,243
88$21,993,687$1,898,763$208,295$14,942,153
89$24,079,341$1,834,101$57,571$16,274,200
90$26,372,764$1,761,302$0$17,739,804
91$28,894,992$1,679,812$0$19,378,004
92$31,669,202$1,589,044$0$21,195,277
93$34,720,930$1,488,376$0$23,194,252
94$38,078,310$1,377,151$0$25,393,414
95$41,772,341$1,254,676$0$27,813,136
96$45,837,181$1,120,216$0$30,475,870
97$50,310,462$972,995$0$33,406,359
98$55,233,651$812,194$0$36,631,874
99$60,652,438$636,946$0$40,182,471
100$66,617,168$446,338$0$44,091,272