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%12.7%
1 years$151,120$149,774$148,460$147,178$145,927$144,283
2 years$74,812$73,418$72,068$70,759$69,489$67,834
3 years$49,379$47,980$46,633$45,336$44,087$42,472
4 years$36,665$35,270$33,937$32,662$31,443$29,881
5 years$29,039$27,652$26,336$25,088$23,902$22,398
6 years$23,956$22,580$21,284$20,063$18,913$17,468
7 years$20,327$18,963$17,687$16,495$15,381$13,996
8 years$17,607$16,255$15,000$13,837$12,760$11,435
9 years$15,492$14,153$12,919$11,786$10,746$9,479
10 years$13,801$12,475$11,263$10,160$9,156$7,948
11 years$12,419$11,106$9,916$8,842$7,875$6,724
12 years$11,267$9,968$8,800$7,756$6,824$5,729
13 years$10,294$9,008$7,862$6,847$5,951$4,910
14 years$9,460$8,188$7,064$6,078$5,216$4,229
15 years$8,739$7,480$6,378$5,421$4,593$3,658
16 years$8,108$6,863$5,783$4,853$4,059$3,174
17 years$7,551$6,320$5,262$4,361$3,599$2,762
18 years$7,058$5,840$4,804$3,930$3,200$2,410
19 years$6,616$5,413$4,398$3,551$2,852$2,107
20 years$6,220$5,030$4,036$3,216$2,548$1,846
21 years$5,861$4,685$3,712$2,919$2,280$1,620
22 years$5,536$4,373$3,421$2,654$2,044$1,423
23 years$5,239$4,090$3,159$2,417$1,835$1,252
24 years$4,967$3,832$2,922$2,204$1,649$1,102
25 years$4,718$3,596$2,706$2,013$1,484$971
26 years$4,488$3,380$2,510$1,841$1,337$857
27 years$4,276$3,181$2,330$1,685$1,205$756
28 years$4,079$2,997$2,166$1,544$1,087$668
29 years$3,896$2,828$2,016$1,416$982$590
30 years$3,725$2,670$1,878$1,299$887$522
31 years$3,566$2,524$1,751$1,193$802$462
32 years$3,417$2,389$1,633$1,097$726$408
33 years$3,277$2,262$1,525$1,008$657$361
34 years$3,146$2,144$1,425$928$594$320
35 years$3,023$2,034$1,332$854$538$283
36 years$2,906$1,930$1,246$787$488$251
37 years$2,797$1,833$1,167$725$442$222
38 years$2,693$1,742$1,092$668$401$197
39 years$2,595$1,657$1,023$616$364$175
40 years$2,502$1,576$959$568$330$155
41 years$2,414$1,500$899$524$299$137
42 years$2,330$1,429$844$484$271$122
43 years$2,250$1,361$792$447$246$108
44 years$2,174$1,298$743$412$224$96
45 years$2,102$1,237$698$381$203$85
46 years$2,033$1,181$655$352$184$75
47 years$1,967$1,127$616$325$167$67
48 years$1,904$1,075$579$300$152$59
49 years$1,844$1,027$544$278$138$52
50 years$1,787$981$511$257$125$47

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 $3,076 every year, while hoping to spend $55,367 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: 29/42/29 Blend
57$1,830,000$1,830,000$1,830,000$1,830,000
58$2,019,833$1,922,843$1,894,478$2,060,278
59$2,166,946$1,958,152$1,899,033$2,127,931
60$2,327,209$1,993,336$1,901,885$2,195,615
61$2,501,904$2,028,329$1,902,918$2,267,286
62$2,692,444$2,063,063$1,902,012$2,343,328
63$2,900,382$2,097,463$1,899,038$2,424,168
64$3,127,430$2,131,447$1,893,864$2,510,275
65$3,375,469$2,164,929$1,886,350$2,602,173
66$3,646,573$2,197,817$1,876,349$2,700,438
67$3,943,024$2,230,010$1,863,707$2,805,711
68$4,267,335$2,261,403$1,848,264$2,918,699
69$4,622,272$2,291,881$1,829,850$3,040,186
70$5,010,883$2,321,322$1,808,289$3,171,039
71$5,436,522$2,349,596$1,783,395$3,312,216
72$5,902,883$2,376,562$1,754,975$3,464,781
73$6,414,037$2,402,073$1,722,826$3,629,905
74$6,974,463$2,425,969$1,686,735$3,808,889
75$7,589,098$2,448,081$1,646,481$4,003,168
76$8,263,378$2,468,229$1,601,830$4,214,331
77$9,003,290$2,486,220$1,552,539$4,444,134
78$9,815,430$2,501,850$1,498,354$4,694,518
79$10,707,064$2,514,900$1,439,008$4,967,629
80$11,686,194$2,525,139$1,374,224$5,265,841
81$12,761,635$2,532,321$1,303,710$5,591,773
82$13,943,101$2,536,184$1,227,163$5,948,325
83$15,241,288$2,536,448$1,144,265$6,338,698
84$16,667,985$2,532,819$1,054,683$6,766,428
85$18,236,176$2,524,984$958,071$7,235,423
86$19,960,166$2,512,608$854,066$7,750,000
87$21,855,715$2,495,338$742,290$8,314,927
88$23,940,188$2,472,800$622,347$8,935,469
89$26,232,717$2,444,596$493,825$9,617,442
90$28,754,377$2,410,305$356,292$10,367,268
91$31,528,394$2,369,481$209,298$11,192,036
92$34,580,355$2,321,649$52,374$12,099,575
93$37,938,451$2,266,310$0$13,098,527
94$41,633,746$2,202,933$0$14,234,046
95$45,700,467$2,130,955$0$15,500,659
96$50,176,327$2,049,784$0$16,893,933
97$55,102,877$1,958,789$0$18,426,867
98$60,525,906$1,857,305$0$20,113,800
99$66,495,864$1,744,628$0$21,970,544
100$73,068,341$1,620,013$0$24,014,535