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%14.4%
1 years$146,991$145,681$144,404$143,157$141,940$139,359
2 years$72,768$71,412$70,099$68,826$67,590$65,000
3 years$48,030$46,669$45,359$44,097$42,882$40,362
4 years$35,663$34,307$33,010$31,770$30,584$28,154
5 years$28,246$26,897$25,617$24,402$23,249$20,916
6 years$23,302$21,963$20,702$19,515$18,396$16,163
7 years$19,772$18,445$17,204$16,044$14,961$12,828
8 years$17,126$15,810$14,590$13,459$12,412$10,378
9 years$15,069$13,766$12,566$11,464$10,453$8,517
10 years$13,424$12,134$10,956$9,882$8,906$7,068
11 years$12,079$10,802$9,645$8,600$7,660$5,916
12 years$10,960$9,695$8,560$7,544$6,638$4,986
13 years$10,013$8,762$7,648$6,660$5,788$4,226
14 years$9,202$7,964$6,871$5,912$5,074$3,599
15 years$8,500$7,275$6,204$5,272$4,467$3,076
16 years$7,886$6,675$5,625$4,721$3,948$2,638
17 years$7,345$6,148$5,118$4,242$3,501$2,269
18 years$6,865$5,681$4,672$3,823$3,113$1,955
19 years$6,436$5,265$4,277$3,454$2,774$1,688
20 years$6,050$4,892$3,926$3,128$2,478$1,460
21 years$5,701$4,557$3,611$2,839$2,218$1,265
22 years$5,384$4,254$3,328$2,581$1,988$1,097
23 years$5,096$3,978$3,073$2,351$1,784$952
24 years$4,832$3,728$2,842$2,144$1,604$828
25 years$4,589$3,498$2,632$1,958$1,443$720
26 years$4,366$3,288$2,441$1,790$1,300$626
27 years$4,159$3,094$2,267$1,639$1,172$545
28 years$3,967$2,916$2,107$1,502$1,058$475
29 years$3,789$2,750$1,961$1,377$955$414
30 years$3,623$2,598$1,827$1,264$863$361
31 years$3,468$2,456$1,703$1,161$780$315
32 years$3,324$2,323$1,589$1,067$706$275
33 years$3,188$2,200$1,483$981$639$240
34 years$3,060$2,085$1,386$902$578$209
35 years$2,940$1,978$1,296$831$524$183
36 years$2,827$1,877$1,212$765$475$159
37 years$2,720$1,783$1,135$705$430$139
38 years$2,619$1,695$1,063$650$390$122
39 years$2,524$1,611$995$599$354$106
40 years$2,434$1,533$933$553$321$93
41 years$2,348$1,459$875$510$291$81
42 years$2,266$1,390$821$471$264$71
43 years$2,189$1,324$770$434$240$62
44 years$2,115$1,262$723$401$217$54
45 years$2,045$1,204$679$370$197$47
46 years$1,978$1,148$638$342$179$41
47 years$1,914$1,096$599$316$163$36
48 years$1,852$1,046$563$292$148$32
49 years$1,794$999$529$270$134$28
50 years$1,738$954$497$250$122$24

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 $4,606 every year, while hoping to spend $41,120 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: 27/44/29 Blend
57$1,780,000$1,780,000$1,780,000$1,780,000
58$1,966,311$1,871,971$1,844,381$2,001,592
59$2,123,123$1,919,946$1,862,416$2,078,652
60$2,294,553$1,968,894$1,879,678$2,157,506
61$2,482,046$2,018,819$1,896,096$2,241,340
62$2,687,197$2,069,724$1,911,598$2,330,609
63$2,911,761$2,121,610$1,926,106$2,425,812
64$3,157,670$2,174,479$1,939,541$2,527,500
65$3,427,053$2,228,329$1,951,816$2,636,281
66$3,722,253$2,283,157$1,962,842$2,752,823
67$4,045,851$2,338,960$1,972,525$2,877,866
68$4,400,690$2,395,731$1,980,767$3,012,222
69$4,789,900$2,453,461$1,987,462$3,156,788
70$5,216,930$2,512,142$1,992,503$3,312,552
71$5,685,579$2,571,759$1,995,774$3,480,605
72$6,200,031$2,632,297$1,997,155$3,662,149
73$6,764,894$2,693,740$1,996,519$3,858,508
74$7,385,246$2,756,066$1,993,735$4,071,146
75$8,066,679$2,819,251$1,988,664$4,301,672
76$8,815,355$2,883,269$1,981,158$4,551,865
77$9,638,060$2,948,088$1,971,066$4,823,683
78$10,542,273$3,013,675$1,958,228$5,119,289
79$11,536,232$3,079,992$1,942,475$5,441,065
80$12,629,011$3,146,995$1,923,632$5,791,640
81$13,830,611$3,214,639$1,901,514$6,173,912
82$15,152,047$3,282,870$1,875,929$6,591,077
83$16,605,457$3,351,632$1,846,674$7,046,659
84$18,204,214$3,420,862$1,813,537$7,544,547
85$19,963,052$3,490,492$1,776,299$8,089,025
86$21,898,204$3,560,447$1,734,726$8,684,820
87$24,027,558$3,630,646$1,688,576$9,337,144
88$26,370,821$3,701,001$1,637,596$10,051,746
89$28,949,710$3,771,415$1,581,521$10,834,961
90$31,788,151$3,841,785$1,520,072$11,693,779
91$34,912,508$3,911,998$1,452,961$12,635,906
92$38,351,832$3,981,934$1,379,883$13,669,838
93$42,138,132$4,051,462$1,300,522$14,804,945
94$46,306,678$4,120,440$1,214,546$16,051,556
95$50,896,335$4,188,718$1,121,609$17,421,062
96$55,949,929$4,256,132$1,021,350$18,926,023
97$61,514,647$4,322,508$913,391$20,580,283
98$67,642,487$4,387,657$797,336$22,399,112
99$74,390,748$4,451,380$672,774$24,399,340
100$81,822,567$4,513,459$539,274$26,599,525