Can I retire at age 58 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$151,120$149,774$148,460$147,178$145,927$145,190
2 years$74,812$73,418$72,068$70,759$69,489$68,745
3 years$49,379$47,980$46,633$45,336$44,087$43,359
4 years$36,665$35,270$33,937$32,662$31,443$30,737
5 years$29,039$27,652$26,336$25,088$23,902$23,221
6 years$23,956$22,580$21,284$20,063$18,913$18,256
7 years$20,327$18,963$17,687$16,495$15,381$14,750
8 years$17,607$16,255$15,000$13,837$12,760$12,154
9 years$15,492$14,153$12,919$11,786$10,746$10,164
10 years$13,801$12,475$11,263$10,160$9,156$8,599
11 years$12,419$11,106$9,916$8,842$7,875$7,342
12 years$11,267$9,968$8,800$7,756$6,824$6,315
13 years$10,294$9,008$7,862$6,847$5,951$5,466
14 years$9,460$8,188$7,064$6,078$5,216$4,754
15 years$8,739$7,480$6,378$5,421$4,593$4,153
16 years$8,108$6,863$5,783$4,853$4,059$3,641
17 years$7,551$6,320$5,262$4,361$3,599$3,202
18 years$7,058$5,840$4,804$3,930$3,200$2,824
19 years$6,616$5,413$4,398$3,551$2,852$2,496
20 years$6,220$5,030$4,036$3,216$2,548$2,210
21 years$5,861$4,685$3,712$2,919$2,280$1,961
22 years$5,536$4,373$3,421$2,654$2,044$1,742
23 years$5,239$4,090$3,159$2,417$1,835$1,550
24 years$4,967$3,832$2,922$2,204$1,649$1,380
25 years$4,718$3,596$2,706$2,013$1,484$1,231
26 years$4,488$3,380$2,510$1,841$1,337$1,099
27 years$4,276$3,181$2,330$1,685$1,205$981
28 years$4,079$2,997$2,166$1,544$1,087$877
29 years$3,896$2,828$2,016$1,416$982$784
30 years$3,725$2,670$1,878$1,299$887$702
31 years$3,566$2,524$1,751$1,193$802$629
32 years$3,417$2,389$1,633$1,097$726$563
33 years$3,277$2,262$1,525$1,008$657$505
34 years$3,146$2,144$1,425$928$594$452
35 years$3,023$2,034$1,332$854$538$406
36 years$2,906$1,930$1,246$787$488$364
37 years$2,797$1,833$1,167$725$442$327
38 years$2,693$1,742$1,092$668$401$293
39 years$2,595$1,657$1,023$616$364$263
40 years$2,502$1,576$959$568$330$236
41 years$2,414$1,500$899$524$299$212
42 years$2,330$1,429$844$484$271$190
43 years$2,250$1,361$792$447$246$171
44 years$2,174$1,298$743$412$224$154
45 years$2,102$1,237$698$381$203$138
46 years$2,033$1,181$655$352$184$124
47 years$1,967$1,127$616$325$167$111
48 years$1,904$1,075$579$300$152$100
49 years$1,844$1,027$544$278$138$90
50 years$1,787$981$511$257$125$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,830,000, adding $6,119 every year, while hoping to spend $52,352 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: 62/18/20 Blend
57$1,830,000$1,830,000$1,830,000$1,830,000
58$2,022,972$1,925,982$1,897,617$2,137,579
59$2,173,613$1,964,653$1,905,485$2,254,316
60$2,337,865$2,003,464$1,911,862$2,375,324
61$2,517,060$2,042,367$1,916,643$2,506,234
62$2,712,667$2,081,310$1,919,717$2,648,016
63$2,926,299$2,120,234$1,920,968$2,801,738
64$3,159,736$2,159,080$1,920,275$2,968,580
65$3,414,935$2,197,781$1,917,509$3,149,839
66$3,694,050$2,236,264$1,912,538$3,346,947
67$3,999,455$2,274,453$1,905,220$3,561,482
68$4,333,763$2,312,264$1,895,408$3,795,182
69$4,699,851$2,349,609$1,882,948$4,049,967
70$5,100,886$2,386,391$1,867,677$4,327,948
71$5,540,360$2,422,507$1,849,428$4,631,455
72$6,022,114$2,457,847$1,828,021$4,963,057
73$6,550,381$2,492,293$1,803,271$5,325,585
74$7,129,822$2,525,718$1,774,983$5,722,161
75$7,765,573$2,557,987$1,742,954$6,156,224
76$8,463,288$2,588,955$1,706,970$6,631,567
77$9,229,198$2,618,468$1,666,807$7,152,372
78$10,070,163$2,646,361$1,622,233$7,723,248
79$10,993,745$2,672,457$1,573,002$8,349,277
80$12,008,269$2,696,569$1,518,860$9,036,059
81$13,122,909$2,718,498$1,459,538$9,789,769
82$14,347,771$2,738,030$1,394,758$10,617,215
83$15,693,988$2,754,937$1,324,227$11,525,900
84$17,173,825$2,768,980$1,247,640$12,524,096
85$18,800,797$2,779,901$1,164,677$13,620,922
86$20,589,789$2,787,428$1,075,004$14,826,428
87$22,557,205$2,791,269$978,274$16,151,696
88$24,721,116$2,791,117$874,123$17,608,939
89$27,101,433$2,786,645$762,169$19,211,621
90$29,720,093$2,777,505$642,015$20,974,583
91$32,601,267$2,763,327$513,248$22,914,185
92$35,771,587$2,743,721$375,433$25,048,459
93$39,260,398$2,718,272$228,118$27,397,283
94$43,100,030$2,686,539$70,832$29,982,568
95$47,326,110$2,648,056$0$32,828,463
96$51,977,891$2,602,329$0$35,982,294
97$57,098,625$2,548,833$0$39,470,177
98$62,735,973$2,487,014$0$43,309,437
99$68,942,449$2,416,284$0$47,535,842
100$75,775,919$2,336,022$0$52,188,810