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%16.5%
1 years$149,468$148,137$146,838$145,570$144,332$140,501
2 years$73,994$72,616$71,280$69,986$68,729$64,896
3 years$48,839$47,455$46,123$44,840$43,605$39,890
4 years$36,265$34,885$33,566$32,305$31,099$27,531
5 years$28,722$27,350$26,048$24,813$23,641$20,229
6 years$23,695$22,333$21,051$19,843$18,706$15,454
7 years$20,105$18,756$17,494$16,314$15,213$12,121
8 years$17,414$16,077$14,836$13,686$12,621$9,687
9 years$15,323$13,998$12,778$11,657$10,629$7,850
10 years$13,650$12,338$11,140$10,049$9,056$6,430
11 years$12,283$10,984$9,808$8,745$7,789$5,311
12 years$11,144$9,859$8,704$7,671$6,749$4,415
13 years$10,182$8,909$7,777$6,772$5,886$3,690
14 years$9,357$8,098$6,987$6,012$5,159$3,098
15 years$8,643$7,398$6,309$5,361$4,543$2,610
16 years$8,019$6,788$5,720$4,800$4,015$2,205
17 years$7,469$6,251$5,205$4,313$3,560$1,868
18 years$6,980$5,776$4,751$3,887$3,165$1,585
19 years$6,544$5,353$4,349$3,512$2,821$1,347
20 years$6,152$4,975$3,992$3,181$2,520$1,147
21 years$5,797$4,634$3,672$2,887$2,255$978
22 years$5,475$4,325$3,384$2,625$2,021$834
23 years$5,182$4,045$3,124$2,391$1,815$713
24 years$4,913$3,790$2,890$2,180$1,631$609
25 years$4,666$3,557$2,676$1,991$1,468$521
26 years$4,439$3,343$2,482$1,821$1,322$446
27 years$4,229$3,146$2,305$1,666$1,192$381
28 years$4,034$2,965$2,143$1,527$1,075$327
29 years$3,853$2,797$1,994$1,400$971$280
30 years$3,684$2,641$1,857$1,285$877$240
31 years$3,527$2,497$1,732$1,180$793$206
32 years$3,380$2,363$1,616$1,085$718$176
33 years$3,241$2,237$1,508$997$649$151
34 years$3,112$2,121$1,409$918$588$130
35 years$2,990$2,011$1,318$845$533$111
36 years$2,875$1,909$1,233$778$483$95
37 years$2,766$1,813$1,154$717$437$82
38 years$2,664$1,723$1,080$661$396$70
39 years$2,567$1,639$1,012$609$360$60
40 years$2,475$1,559$949$562$326$52
41 years$2,387$1,484$890$518$296$44
42 years$2,304$1,413$835$478$268$38
43 years$2,226$1,347$783$442$244$33
44 years$2,151$1,284$735$408$221$28
45 years$2,079$1,224$690$377$201$24
46 years$2,011$1,168$648$348$182$21
47 years$1,946$1,114$609$321$166$18
48 years$1,884$1,064$572$297$150$15
49 years$1,824$1,016$538$274$137$13
50 years$1,767$970$506$254$124$11

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 $3,477 every year, while hoping to spend $32,890 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: 38/45/17 Blend
57$1,810,000$1,810,000$1,810,000$1,810,000
58$1,998,207$1,902,277$1,874,222$2,063,791
59$2,167,029$1,960,493$1,902,013$2,169,417
60$2,351,969$2,020,461$1,929,634$2,280,096
61$2,554,636$2,082,229$1,957,042$2,399,014
62$2,776,801$2,145,851$1,984,196$2,526,930
63$3,020,418$2,211,381$2,011,050$2,664,679
64$3,287,636$2,278,874$2,037,555$2,813,179
65$3,580,823$2,348,387$2,063,662$2,973,440
66$3,902,587$2,419,978$2,089,315$3,146,572
67$4,255,802$2,493,708$2,114,457$3,333,797
68$4,643,632$2,569,637$2,139,029$3,536,458
69$5,069,563$2,647,830$2,162,968$3,756,035
70$5,537,436$2,728,351$2,186,204$3,994,154
71$6,051,481$2,811,268$2,208,669$4,252,606
72$6,616,360$2,896,647$2,230,287$4,533,362
73$7,237,206$2,984,561$2,250,980$4,838,593
74$7,919,678$3,075,081$2,270,664$5,170,686
75$8,670,006$3,168,280$2,289,252$5,532,271
76$9,495,056$3,264,236$2,306,652$5,926,243
77$10,402,395$3,363,027$2,322,768$6,355,790
78$11,400,355$3,464,731$2,337,497$6,824,421
79$12,498,121$3,569,432$2,350,732$7,336,003
80$13,705,808$3,677,214$2,362,361$7,894,792
81$15,034,566$3,788,162$2,372,265$8,505,476
82$16,496,676$3,902,366$2,380,320$9,173,220
83$18,105,671$4,019,917$2,386,395$9,903,709
84$19,876,464$4,140,907$2,390,353$10,703,209
85$21,825,483$4,265,432$2,392,051$11,578,620
86$23,970,834$4,393,589$2,391,336$12,537,543
87$26,332,464$4,525,480$2,388,051$13,588,350
88$28,932,353$4,661,206$2,382,028$14,740,266
89$31,794,722$4,800,874$2,373,094$16,003,452
90$34,946,256$4,944,590$2,361,066$17,389,102
91$38,416,365$5,092,465$2,345,752$18,909,550
92$42,237,450$5,244,612$2,326,951$20,578,384
93$46,445,218$5,401,146$2,304,452$22,410,572
94$51,079,015$5,562,187$2,278,036$24,422,609
95$56,182,195$5,727,854$2,247,470$26,632,667
96$61,802,532$5,898,273$2,212,514$29,060,768
97$67,992,672$6,073,569$2,172,914$31,728,973
98$74,810,623$6,253,873$2,128,406$34,661,589
99$82,320,310$6,439,316$2,078,711$37,885,399
100$90,592,175$6,630,035$2,023,541$41,429,913