Can I retire at age 58 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$149,468$148,137$146,838$145,570$144,332$139,100
2 years$73,994$72,616$71,280$69,986$68,729$63,516
3 years$48,839$47,455$46,123$44,840$43,605$38,574
4 years$36,265$34,885$33,566$32,305$31,099$26,289
5 years$28,722$27,350$26,048$24,813$23,641$19,064
6 years$23,695$22,333$21,051$19,843$18,706$14,365
7 years$20,105$18,756$17,494$16,314$15,213$11,108
8 years$17,414$16,077$14,836$13,686$12,621$8,747
9 years$15,323$13,998$12,778$11,657$10,629$6,982
10 years$13,650$12,338$11,140$10,049$9,056$5,630
11 years$12,283$10,984$9,808$8,745$7,789$4,575
12 years$11,144$9,859$8,704$7,671$6,749$3,741
13 years$10,182$8,909$7,777$6,772$5,886$3,074
14 years$9,357$8,098$6,987$6,012$5,159$2,536
15 years$8,643$7,398$6,309$5,361$4,543$2,099
16 years$8,019$6,788$5,720$4,800$4,015$1,742
17 years$7,469$6,251$5,205$4,313$3,560$1,449
18 years$6,980$5,776$4,751$3,887$3,165$1,207
19 years$6,544$5,353$4,349$3,512$2,821$1,007
20 years$6,152$4,975$3,992$3,181$2,520$841
21 years$5,797$4,634$3,672$2,887$2,255$703
22 years$5,475$4,325$3,384$2,625$2,021$588
23 years$5,182$4,045$3,124$2,391$1,815$493
24 years$4,913$3,790$2,890$2,180$1,631$413
25 years$4,666$3,557$2,676$1,991$1,468$346
26 years$4,439$3,343$2,482$1,821$1,322$290
27 years$4,229$3,146$2,305$1,666$1,192$243
28 years$4,034$2,965$2,143$1,527$1,075$204
29 years$3,853$2,797$1,994$1,400$971$171
30 years$3,684$2,641$1,857$1,285$877$144
31 years$3,527$2,497$1,732$1,180$793$121
32 years$3,380$2,363$1,616$1,085$718$101
33 years$3,241$2,237$1,508$997$649$85
34 years$3,112$2,121$1,409$918$588$72
35 years$2,990$2,011$1,318$845$533$60
36 years$2,875$1,909$1,233$778$483$50
37 years$2,766$1,813$1,154$717$437$42
38 years$2,664$1,723$1,080$661$396$36
39 years$2,567$1,639$1,012$609$360$30
40 years$2,475$1,559$949$562$326$25
41 years$2,387$1,484$890$518$296$21
42 years$2,304$1,413$835$478$268$18
43 years$2,226$1,347$783$442$244$15
44 years$2,151$1,284$735$408$221$13
45 years$2,079$1,224$690$377$201$11
46 years$2,011$1,168$648$348$182$9
47 years$1,946$1,114$609$321$166$7
48 years$1,884$1,064$572$297$150$6
49 years$1,824$1,016$538$274$137$5
50 years$1,767$970$506$254$124$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,810,000, adding $4,219 every year, while hoping to spend $57,258 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: 64/22/14 Blend
57$1,810,000$1,810,000$1,810,000$1,810,000
58$1,998,972$1,903,042$1,874,987$2,119,959
59$2,141,945$1,935,369$1,876,877$2,233,800
60$2,297,582$1,967,361$1,876,911$2,351,111
61$2,467,115$1,998,941$1,874,967$2,477,846
62$2,651,898$2,030,027$1,870,916$2,614,922
63$2,853,423$2,060,529$1,864,623$2,763,353
64$3,073,331$2,090,354$1,855,947$2,924,253
65$3,313,429$2,119,399$1,844,739$3,098,851
66$3,575,705$2,147,556$1,830,844$3,288,503
67$3,862,349$2,174,709$1,814,099$3,494,704
68$4,175,771$2,200,732$1,794,334$3,719,099
69$4,518,626$2,225,493$1,771,370$3,963,503
70$4,893,834$2,248,851$1,745,020$4,229,920
71$5,304,615$2,270,655$1,715,088$4,520,554
72$5,754,511$2,290,742$1,681,368$4,837,838
73$6,247,424$2,308,941$1,643,647$5,184,454
74$6,787,652$2,325,070$1,601,700$5,563,359
75$7,379,928$2,338,934$1,555,292$5,977,810
76$8,029,463$2,350,324$1,504,177$6,431,402
77$8,742,000$2,359,022$1,448,099$6,928,096
78$9,523,862$2,364,792$1,386,788$7,472,258
79$10,382,014$2,367,385$1,319,964$8,068,705
80$11,324,130$2,366,537$1,247,333$8,722,744
81$12,358,660$2,361,967$1,168,588$9,440,226
82$13,494,916$2,353,375$1,083,408$10,227,604
83$14,743,154$2,340,447$991,458$11,091,990
84$16,114,672$2,322,846$892,389$12,041,224
85$17,621,918$2,300,215$785,833$13,083,951
86$19,278,606$2,272,177$671,410$14,229,700
87$21,099,841$2,238,331$548,720$15,488,976
88$23,102,270$2,198,254$417,347$16,873,360
89$25,304,228$2,151,496$276,856$18,395,620
90$27,725,921$2,097,581$126,792$20,069,829
91$30,389,607$2,036,004$0$21,911,502
92$33,319,812$1,966,234$0$23,942,725
93$36,543,558$1,887,704$0$26,197,903
94$40,090,617$1,799,817$0$28,678,938
95$43,993,794$1,701,942$0$31,408,820
96$48,289,234$1,593,410$0$34,412,886
97$53,016,763$1,473,515$0$37,719,062
98$58,220,264$1,341,508$0$41,358,124
99$63,948,089$1,196,600$0$45,363,991
100$70,253,518$1,037,957$0$49,774,048