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%15.3%
1 years$149,468$148,137$146,838$145,570$144,332$141,187
2 years$73,994$72,616$71,280$69,986$68,729$65,577
3 years$48,839$47,455$46,123$44,840$43,605$40,543
4 years$36,265$34,885$33,566$32,305$31,099$28,152
5 years$28,722$27,350$26,048$24,813$23,641$20,816
6 years$23,695$22,333$21,051$19,843$18,706$16,007
7 years$20,105$18,756$17,494$16,314$15,213$12,640
8 years$17,414$16,077$14,836$13,686$12,621$10,173
9 years$15,323$13,998$12,778$11,657$10,629$8,304
10 years$13,650$12,338$11,140$10,049$9,056$6,853
11 years$12,283$10,984$9,808$8,745$7,789$5,703
12 years$11,144$9,859$8,704$7,671$6,749$4,779
13 years$10,182$8,909$7,777$6,772$5,886$4,027
14 years$9,357$8,098$6,987$6,012$5,159$3,408
15 years$8,643$7,398$6,309$5,361$4,543$2,895
16 years$8,019$6,788$5,720$4,800$4,015$2,467
17 years$7,469$6,251$5,205$4,313$3,560$2,108
18 years$6,980$5,776$4,751$3,887$3,165$1,805
19 years$6,544$5,353$4,349$3,512$2,821$1,548
20 years$6,152$4,975$3,992$3,181$2,520$1,330
21 years$5,797$4,634$3,672$2,887$2,255$1,144
22 years$5,475$4,325$3,384$2,625$2,021$985
23 years$5,182$4,045$3,124$2,391$1,815$850
24 years$4,913$3,790$2,890$2,180$1,631$733
25 years$4,666$3,557$2,676$1,991$1,468$633
26 years$4,439$3,343$2,482$1,821$1,322$547
27 years$4,229$3,146$2,305$1,666$1,192$473
28 years$4,034$2,965$2,143$1,527$1,075$409
29 years$3,853$2,797$1,994$1,400$971$354
30 years$3,684$2,641$1,857$1,285$877$306
31 years$3,527$2,497$1,732$1,180$793$265
32 years$3,380$2,363$1,616$1,085$718$229
33 years$3,241$2,237$1,508$997$649$199
34 years$3,112$2,121$1,409$918$588$172
35 years$2,990$2,011$1,318$845$533$149
36 years$2,875$1,909$1,233$778$483$129
37 years$2,766$1,813$1,154$717$437$112
38 years$2,664$1,723$1,080$661$396$97
39 years$2,567$1,639$1,012$609$360$84
40 years$2,475$1,559$949$562$326$73
41 years$2,387$1,484$890$518$296$63
42 years$2,304$1,413$835$478$268$55
43 years$2,226$1,347$783$442$244$48
44 years$2,151$1,284$735$408$221$41
45 years$2,079$1,224$690$377$201$36
46 years$2,011$1,168$648$348$182$31
47 years$1,946$1,114$609$321$166$27
48 years$1,884$1,064$572$297$150$23
49 years$1,824$1,016$538$274$137$20
50 years$1,767$970$506$254$124$18

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 $5,778 every year, while hoping to spend $34,081 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: 56/20/24 Blend
57$1,810,000$1,810,000$1,810,000$1,810,000
58$2,000,580$1,904,650$1,876,595$2,099,217
59$2,168,377$1,961,716$1,903,199$2,224,505
60$2,352,148$2,020,436$1,929,552$2,356,855
61$2,553,484$2,080,855$1,955,610$2,500,331
62$2,774,142$2,143,019$1,981,325$2,656,015
63$3,016,053$2,206,975$2,006,648$2,825,096
64$3,281,346$2,272,773$2,031,526$3,008,886
65$3,572,365$2,340,460$2,055,904$3,208,827
66$3,891,692$2,410,089$2,079,722$3,426,509
67$4,242,171$2,481,710$2,102,920$3,663,683
68$4,626,935$2,555,376$2,125,430$3,922,277
69$5,049,435$2,631,142$2,147,185$4,204,415
70$5,513,472$2,709,063$2,168,110$4,512,437
71$6,023,235$2,789,196$2,188,130$4,848,920
72$6,583,336$2,871,597$2,207,164$5,216,702
73$7,198,858$2,956,327$2,225,126$5,618,913
74$7,875,400$3,043,446$2,241,926$6,058,997
75$8,619,130$3,133,014$2,257,470$6,540,751
76$9,436,845$3,225,095$2,271,658$7,068,358
77$10,336,031$3,319,753$2,284,387$7,646,425
78$11,324,938$3,417,052$2,295,546$8,280,030
79$12,412,654$3,517,061$2,305,019$8,974,768
80$13,609,194$3,619,845$2,312,686$9,736,802
81$14,925,590$3,725,476$2,318,419$10,572,923
82$16,373,998$3,834,022$2,322,084$11,490,616
83$17,967,813$3,945,556$2,323,541$12,498,127
84$19,721,792$4,060,151$2,322,642$13,604,542
85$21,652,197$4,177,881$2,319,233$14,819,874
86$23,776,945$4,298,821$2,313,151$16,155,155
87$26,115,779$4,423,048$2,304,226$17,622,543
88$28,690,451$4,550,640$2,292,281$19,235,434
89$31,524,932$4,681,677$2,277,127$21,008,593
90$34,645,634$4,816,238$2,258,570$22,958,285
91$38,081,660$4,954,404$2,236,403$25,102,439
92$41,865,079$5,096,260$2,210,413$27,460,808
93$46,031,228$5,241,888$2,180,373$30,055,161
94$50,619,045$5,391,372$2,146,047$32,909,489
95$55,671,438$5,544,800$2,107,190$36,050,226
96$61,235,686$5,702,257$2,063,542$39,506,504
97$67,363,889$5,863,830$2,014,834$43,310,427
98$74,113,457$6,029,609$1,960,782$47,497,372
99$81,547,652$6,199,682$1,901,091$52,106,325
100$89,736,186$6,374,140$1,835,450$57,180,249