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

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$146,991$145,681$144,404$143,157$141,940$138,284
2 years$72,768$71,412$70,099$68,826$67,590$63,932
3 years$48,030$46,669$45,359$44,097$42,882$39,335
4 years$35,663$34,307$33,010$31,770$30,584$27,175
5 years$28,246$26,897$25,617$24,402$23,249$19,989
6 years$23,302$21,963$20,702$19,515$18,396$15,287
7 years$19,772$18,445$17,204$16,044$14,961$12,004
8 years$17,126$15,810$14,590$13,459$12,412$9,604
9 years$15,069$13,766$12,566$11,464$10,453$7,793
10 years$13,424$12,134$10,956$9,882$8,906$6,391
11 years$12,079$10,802$9,645$8,600$7,660$5,285
12 years$10,960$9,695$8,560$7,544$6,638$4,400
13 years$10,013$8,762$7,648$6,660$5,788$3,682
14 years$9,202$7,964$6,871$5,912$5,074$3,095
15 years$8,500$7,275$6,204$5,272$4,467$2,611
16 years$7,886$6,675$5,625$4,721$3,948$2,210
17 years$7,345$6,148$5,118$4,242$3,501$1,874
18 years$6,865$5,681$4,672$3,823$3,113$1,593
19 years$6,436$5,265$4,277$3,454$2,774$1,356
20 years$6,050$4,892$3,926$3,128$2,478$1,156
21 years$5,701$4,557$3,611$2,839$2,218$987
22 years$5,384$4,254$3,328$2,581$1,988$844
23 years$5,096$3,978$3,073$2,351$1,784$722
24 years$4,832$3,728$2,842$2,144$1,604$618
25 years$4,589$3,498$2,632$1,958$1,443$529
26 years$4,366$3,288$2,441$1,790$1,300$453
27 years$4,159$3,094$2,267$1,639$1,172$389
28 years$3,967$2,916$2,107$1,502$1,058$334
29 years$3,789$2,750$1,961$1,377$955$286
30 years$3,623$2,598$1,827$1,264$863$246
31 years$3,468$2,456$1,703$1,161$780$211
32 years$3,324$2,323$1,589$1,067$706$181
33 years$3,188$2,200$1,483$981$639$156
34 years$3,060$2,085$1,386$902$578$134
35 years$2,940$1,978$1,296$831$524$115
36 years$2,827$1,877$1,212$765$475$99
37 years$2,720$1,783$1,135$705$430$85
38 years$2,619$1,695$1,063$650$390$73
39 years$2,524$1,611$995$599$354$63
40 years$2,434$1,533$933$553$321$54
41 years$2,348$1,459$875$510$291$46
42 years$2,266$1,390$821$471$264$40
43 years$2,189$1,324$770$434$240$34
44 years$2,115$1,262$723$401$217$29
45 years$2,045$1,204$679$370$197$25
46 years$1,978$1,148$638$342$179$22
47 years$1,914$1,096$599$316$163$19
48 years$1,852$1,046$563$292$148$16
49 years$1,794$999$529$270$134$14
50 years$1,738$954$497$250$122$12

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 $2,422 every year, while hoping to spend $35,531 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: 59/34/7 Blend
57$1,780,000$1,780,000$1,780,000$1,780,000
58$1,964,058$1,869,718$1,842,128$2,076,916
59$2,126,588$1,923,530$1,866,035$2,206,703
60$2,304,504$1,978,787$1,889,551$2,343,884
61$2,499,339$2,035,524$1,912,628$2,492,565
62$2,712,781$2,093,774$1,935,210$2,653,849
63$2,946,687$2,153,571$1,957,241$2,828,955
64$3,203,103$2,214,949$1,978,663$3,019,219
65$3,484,283$2,277,945$1,999,411$3,226,116
66$3,792,708$2,342,593$2,019,420$3,451,267
67$4,131,114$2,408,930$2,038,620$3,696,457
68$4,502,511$2,476,991$2,056,937$3,963,652
69$4,910,216$2,546,812$2,074,294$4,255,017
70$5,357,883$2,618,431$2,090,607$4,572,933
71$5,849,537$2,691,884$2,105,793$4,920,026
72$6,389,612$2,767,208$2,119,759$5,299,184
73$6,982,992$2,844,442$2,132,411$5,713,591
74$7,635,059$2,923,621$2,143,648$6,166,750
75$8,351,740$3,004,784$2,153,366$6,662,523
76$9,139,567$3,087,968$2,161,453$7,205,161
77$10,005,735$3,173,210$2,167,794$7,799,346
78$10,958,171$3,260,548$2,172,266$8,450,239
79$12,005,608$3,350,019$2,174,740$9,163,522
80$13,157,670$3,441,659$2,175,084$9,945,454
81$14,424,958$3,535,506$2,173,155$10,802,932
82$15,819,153$3,631,596$2,168,805$11,743,553
83$17,353,126$3,729,963$2,161,880$12,775,687
84$19,041,057$3,830,644$2,152,215$13,908,554
85$20,898,572$3,933,672$2,139,641$15,152,314
86$22,942,886$4,039,082$2,123,979$16,518,160
87$25,192,968$4,146,905$2,105,040$18,018,423
88$27,669,722$4,257,174$2,082,630$19,666,690
89$30,396,177$4,369,919$2,056,541$21,477,932
90$33,397,710$4,485,169$2,026,559$23,468,644
91$36,702,286$4,602,951$1,992,458$25,657,001
92$40,340,715$4,723,292$1,954,001$28,063,028
93$44,346,951$4,846,216$1,910,943$30,708,792
94$48,758,404$4,971,745$1,863,024$33,618,606
95$53,616,299$5,099,898$1,809,973$36,819,261
96$58,966,063$5,230,695$1,751,508$40,340,278
97$64,857,751$5,364,148$1,687,334$44,214,188
98$71,346,522$5,500,271$1,617,139$48,476,834
99$78,493,155$5,639,073$1,540,601$53,167,716
100$86,364,627$5,780,558$1,457,382$58,330,358