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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$151,120$149,774$148,460$147,178$145,927$144,886
2 years$74,812$73,418$72,068$70,759$69,489$68,439
3 years$49,379$47,980$46,633$45,336$44,087$43,061
4 years$36,665$35,270$33,937$32,662$31,443$30,449
5 years$29,039$27,652$26,336$25,088$23,902$22,943
6 years$23,956$22,580$21,284$20,063$18,913$17,989
7 years$20,327$18,963$17,687$16,495$15,381$14,494
8 years$17,607$16,255$15,000$13,837$12,760$11,909
9 years$15,492$14,153$12,919$11,786$10,746$9,931
10 years$13,801$12,475$11,263$10,160$9,156$8,377
11 years$12,419$11,106$9,916$8,842$7,875$7,130
12 years$11,267$9,968$8,800$7,756$6,824$6,114
13 years$10,294$9,008$7,862$6,847$5,951$5,274
14 years$9,460$8,188$7,064$6,078$5,216$4,573
15 years$8,739$7,480$6,378$5,421$4,593$3,981
16 years$8,108$6,863$5,783$4,853$4,059$3,479
17 years$7,551$6,320$5,262$4,361$3,599$3,049
18 years$7,058$5,840$4,804$3,930$3,200$2,679
19 years$6,616$5,413$4,398$3,551$2,852$2,359
20 years$6,220$5,030$4,036$3,216$2,548$2,082
21 years$5,861$4,685$3,712$2,919$2,280$1,840
22 years$5,536$4,373$3,421$2,654$2,044$1,629
23 years$5,239$4,090$3,159$2,417$1,835$1,444
24 years$4,967$3,832$2,922$2,204$1,649$1,281
25 years$4,718$3,596$2,706$2,013$1,484$1,138
26 years$4,488$3,380$2,510$1,841$1,337$1,012
27 years$4,276$3,181$2,330$1,685$1,205$900
28 years$4,079$2,997$2,166$1,544$1,087$801
29 years$3,896$2,828$2,016$1,416$982$714
30 years$3,725$2,670$1,878$1,299$887$636
31 years$3,566$2,524$1,751$1,193$802$567
32 years$3,417$2,389$1,633$1,097$726$506
33 years$3,277$2,262$1,525$1,008$657$452
34 years$3,146$2,144$1,425$928$594$403
35 years$3,023$2,034$1,332$854$538$360
36 years$2,906$1,930$1,246$787$488$322
37 years$2,797$1,833$1,167$725$442$287
38 years$2,693$1,742$1,092$668$401$257
39 years$2,595$1,657$1,023$616$364$230
40 years$2,502$1,576$959$568$330$205
41 years$2,414$1,500$899$524$299$184
42 years$2,330$1,429$844$484$271$164
43 years$2,250$1,361$792$447$246$147
44 years$2,174$1,298$743$412$224$131
45 years$2,102$1,237$698$381$203$117
46 years$2,033$1,181$655$352$184$105
47 years$1,967$1,127$616$325$167$94
48 years$1,904$1,075$579$300$152$84
49 years$1,844$1,027$544$278$138$75
50 years$1,787$981$511$257$125$67

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 $5,635 every year, while hoping to spend $44,008 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: 83/8/9 Blend
57$1,830,000$1,830,000$1,830,000$1,830,000
58$2,022,473$1,925,483$1,897,118$2,187,389
59$2,181,941$1,973,007$1,913,847$2,343,614
60$2,356,199$2,021,385$1,929,662$2,508,667
61$2,546,711$2,070,613$1,944,485$2,688,570
62$2,755,086$2,120,683$1,958,235$2,884,787
63$2,983,096$2,171,587$1,970,827$3,098,930
64$3,232,693$2,223,317$1,982,171$3,332,776
65$3,506,027$2,275,858$1,992,173$3,588,281
66$3,805,464$2,329,198$2,000,734$3,867,599
67$4,133,612$2,383,319$2,007,748$4,173,105
68$4,493,340$2,438,201$2,013,107$4,507,411
69$4,887,810$2,493,823$2,016,696$4,873,397
70$5,320,505$2,550,158$2,018,394$5,274,236
71$5,795,261$2,607,180$2,018,074$5,713,421
72$6,316,301$2,664,856$2,015,603$6,194,802
73$6,888,280$2,723,150$2,010,843$6,722,620
74$7,516,324$2,782,024$2,003,645$7,301,547
75$8,206,080$2,841,434$1,993,858$7,936,730
76$8,963,769$2,901,332$1,981,321$8,633,839
77$9,796,242$2,961,667$1,965,864$9,399,124
78$10,711,051$3,022,380$1,947,313$10,239,468
79$11,716,511$3,083,410$1,925,480$11,162,457
80$12,821,785$3,144,687$1,900,174$12,176,447
81$14,036,968$3,206,138$1,871,191$13,290,646
82$15,373,182$3,267,682$1,838,319$14,515,202
83$16,842,679$3,329,231$1,801,336$15,861,294
84$18,458,961$3,390,691$1,760,008$17,341,240
85$20,236,900$3,451,961$1,714,094$18,968,614
86$22,192,886$3,512,929$1,663,338$20,758,374
87$24,344,974$3,573,476$1,607,474$22,727,000
88$26,713,061$3,633,476$1,546,224$24,892,655
89$29,319,067$3,692,790$1,479,296$27,275,348
90$32,187,146$3,751,271$1,406,386$29,897,134
91$35,343,911$3,808,759$1,327,176$32,782,310
92$38,818,686$3,865,085$1,241,334$35,957,656
93$42,643,785$3,920,067$1,148,511$39,452,676
94$46,854,809$3,973,508$1,048,344$43,299,887
95$51,490,991$4,025,202$940,455$47,535,120
96$56,595,559$4,074,923$824,447$52,197,859
97$62,216,146$4,122,434$699,906$57,331,613
98$68,405,239$4,167,480$566,400$62,984,331
99$75,220,677$4,209,789$423,477$69,208,848
100$82,726,189$4,249,072$270,666$76,063,390