Can I retire at age 58 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$146,991$145,681$144,404$143,157$141,940$137,177
2 years$72,768$71,412$70,099$68,826$67,590$62,839
3 years$48,030$46,669$45,359$44,097$42,882$38,291
4 years$35,663$34,307$33,010$31,770$30,584$26,188
5 years$28,246$26,897$25,617$24,402$23,249$19,061
6 years$23,302$21,963$20,702$19,515$18,396$14,419
7 years$19,772$18,445$17,204$16,044$14,961$11,194
8 years$17,126$15,810$14,590$13,459$12,412$8,852
9 years$15,069$13,766$12,566$11,464$10,453$7,095
10 years$13,424$12,134$10,956$9,882$8,906$5,747
11 years$12,079$10,802$9,645$8,600$7,660$4,691
12 years$10,960$9,695$8,560$7,544$6,638$3,854
13 years$10,013$8,762$7,648$6,660$5,788$3,182
14 years$9,202$7,964$6,871$5,912$5,074$2,638
15 years$8,500$7,275$6,204$5,272$4,467$2,195
16 years$7,886$6,675$5,625$4,721$3,948$1,830
17 years$7,345$6,148$5,118$4,242$3,501$1,530
18 years$6,865$5,681$4,672$3,823$3,113$1,281
19 years$6,436$5,265$4,277$3,454$2,774$1,075
20 years$6,050$4,892$3,926$3,128$2,478$902
21 years$5,701$4,557$3,611$2,839$2,218$759
22 years$5,384$4,254$3,328$2,581$1,988$638
23 years$5,096$3,978$3,073$2,351$1,784$537
24 years$4,832$3,728$2,842$2,144$1,604$453
25 years$4,589$3,498$2,632$1,958$1,443$382
26 years$4,366$3,288$2,441$1,790$1,300$322
27 years$4,159$3,094$2,267$1,639$1,172$272
28 years$3,967$2,916$2,107$1,502$1,058$229
29 years$3,789$2,750$1,961$1,377$955$193
30 years$3,623$2,598$1,827$1,264$863$163
31 years$3,468$2,456$1,703$1,161$780$138
32 years$3,324$2,323$1,589$1,067$706$116
33 years$3,188$2,200$1,483$981$639$98
34 years$3,060$2,085$1,386$902$578$83
35 years$2,940$1,978$1,296$831$524$70
36 years$2,827$1,877$1,212$765$475$59
37 years$2,720$1,783$1,135$705$430$50
38 years$2,619$1,695$1,063$650$390$42
39 years$2,524$1,611$995$599$354$36
40 years$2,434$1,533$933$553$321$30
41 years$2,348$1,459$875$510$291$26
42 years$2,266$1,390$821$471$264$22
43 years$2,189$1,324$770$434$240$18
44 years$2,115$1,262$723$401$217$15
45 years$2,045$1,204$679$370$197$13
46 years$1,978$1,148$638$342$179$11
47 years$1,914$1,096$599$316$163$9
48 years$1,852$1,046$563$292$148$8
49 years$1,794$999$529$270$134$7
50 years$1,738$954$497$250$122$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,780,000, adding $5,735 every year, while hoping to spend $22,080 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: 36/41/23 Blend
57$1,780,000$1,780,000$1,780,000$1,780,000
58$1,967,476$1,873,136$1,845,546$2,024,468
59$2,144,665$1,941,426$1,883,878$2,135,143
60$2,339,188$2,012,323$1,922,755$2,252,095
61$2,552,789$2,085,931$1,962,171$2,377,911
62$2,787,390$2,162,358$2,002,120$2,513,399
63$3,045,108$2,241,717$2,042,596$2,659,446
64$3,328,275$2,324,128$2,083,589$2,817,027
65$3,639,461$2,409,712$2,125,091$2,987,211
66$3,981,497$2,498,599$2,167,093$3,171,174
67$4,357,501$2,590,922$2,209,582$3,370,208
68$4,770,909$2,686,820$2,252,546$3,585,734
69$5,225,506$2,786,439$2,295,970$3,819,313
70$5,725,464$2,889,930$2,339,841$4,072,659
71$6,275,375$2,997,451$2,384,140$4,347,662
72$6,880,305$3,109,167$2,428,850$4,646,394
73$7,545,829$3,225,249$2,473,950$4,971,139
74$8,278,095$3,345,877$2,519,418$5,324,406
75$9,083,873$3,471,238$2,565,231$5,708,957
76$9,970,625$3,601,526$2,611,364$6,127,829
77$10,946,572$3,736,944$2,657,788$6,584,365
78$12,020,773$3,877,704$2,704,473$7,082,242
79$13,203,208$4,024,028$2,751,389$7,625,508
80$14,504,875$4,176,145$2,798,501$8,218,617
81$15,937,892$4,334,297$2,845,771$8,866,471
82$17,515,614$4,498,734$2,893,161$9,574,467
83$19,252,753$4,669,718$2,940,628$10,348,544
84$21,165,522$4,847,523$2,988,128$11,195,241
85$23,271,787$5,032,433$3,035,612$12,121,757
86$25,591,233$5,224,746$3,083,029$13,136,018
87$28,145,554$5,424,773$3,130,325$14,246,751
88$30,958,651$5,632,838$3,177,441$15,463,563
89$34,056,865$5,849,279$3,224,318$16,797,035
90$37,469,221$6,074,449$3,270,888$18,258,820
91$41,227,701$6,308,717$3,317,082$19,861,746
92$45,367,550$6,552,468$3,362,828$21,619,944
93$49,927,604$6,806,103$3,408,047$23,548,976
94$54,950,660$7,070,041$3,452,656$25,665,981
95$60,483,876$7,344,722$3,496,569$27,989,836
96$66,579,220$7,630,602$3,539,692$30,541,331
97$73,293,957$7,928,159$3,581,929$33,343,368
98$80,691,193$8,237,891$3,623,176$36,421,172
99$88,840,467$8,560,319$3,663,324$39,802,529
100$97,818,408$8,895,988$3,702,259$43,518,045