Can I retire at age 58 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$153,597$152,229$150,894$149,591$148,319$145,802
2 years$76,038$74,622$73,250$71,919$70,628$68,100
3 years$50,189$48,766$47,397$46,079$44,809$42,349
4 years$37,266$35,848$34,493$33,197$31,958$29,584
5 years$29,515$28,106$26,768$25,499$24,294$22,014
6 years$24,349$22,950$21,633$20,392$19,223$17,039
7 years$20,661$19,274$17,977$16,765$15,634$13,546
8 years$17,896$16,521$15,246$14,064$12,970$10,978
9 years$15,746$14,385$13,131$11,979$10,922$9,026
10 years$14,027$12,679$11,448$10,326$9,306$7,503
11 years$12,622$11,288$10,079$8,987$8,004$6,292
12 years$11,452$10,131$8,945$7,883$6,936$5,314
13 years$10,463$9,156$7,991$6,959$6,048$4,513
14 years$9,615$8,322$7,180$6,178$5,302$3,851
15 years$8,882$7,602$6,483$5,509$4,668$3,299
16 years$8,241$6,975$5,878$4,933$4,126$2,835
17 years$7,675$6,424$5,348$4,432$3,658$2,443
18 years$7,173$5,936$4,882$3,994$3,253$2,110
19 years$6,725$5,501$4,470$3,609$2,899$1,826
20 years$6,322$5,112$4,102$3,269$2,590$1,583
21 years$5,957$4,762$3,773$2,967$2,317$1,374
22 years$5,626$4,445$3,477$2,697$2,077$1,195
23 years$5,325$4,157$3,211$2,457$1,865$1,040
24 years$5,049$3,895$2,969$2,241$1,676$905
25 years$4,795$3,655$2,750$2,046$1,508$789
26 years$4,562$3,435$2,551$1,871$1,358$688
27 years$4,346$3,233$2,369$1,713$1,225$601
28 years$4,146$3,047$2,202$1,569$1,105$525
29 years$3,959$2,874$2,049$1,439$998$458
30 years$3,786$2,714$1,909$1,321$902$401
31 years$3,624$2,566$1,779$1,213$815$350
32 years$3,473$2,428$1,660$1,115$737$306
33 years$3,331$2,299$1,550$1,025$667$268
34 years$3,198$2,179$1,448$943$604$235
35 years$3,072$2,067$1,354$868$547$205
36 years$2,954$1,962$1,267$800$496$180
37 years$2,843$1,863$1,186$737$449$157
38 years$2,737$1,771$1,110$679$407$138
39 years$2,637$1,684$1,040$626$369$121
40 years$2,543$1,602$975$577$335$106
41 years$2,453$1,525$914$533$304$93
42 years$2,368$1,452$858$492$276$81
43 years$2,287$1,384$805$454$250$71
44 years$2,210$1,319$755$419$227$62
45 years$2,136$1,258$709$387$206$54
46 years$2,066$1,200$666$358$187$48
47 years$2,000$1,145$626$330$170$42
48 years$1,936$1,093$588$305$154$37
49 years$1,874$1,044$553$282$140$32
50 years$1,816$997$520$261$127$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,860,000, adding $6,741 every year, while hoping to spend $51,843 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: 58/26/16 Blend
57$1,860,000$1,860,000$1,860,000$1,860,000
58$2,056,673$1,958,093$1,929,263$2,167,079
59$2,211,293$1,998,879$1,938,733$2,283,395
60$2,379,947$2,039,926$1,946,783$2,403,853
61$2,564,012$2,081,192$1,953,309$2,533,972
62$2,765,002$2,122,632$1,958,206$2,674,691
63$2,984,586$2,164,194$1,961,360$2,827,045
64$3,224,600$2,205,827$1,962,652$2,992,173
65$3,487,067$2,247,470$1,961,959$3,171,332
66$3,774,213$2,289,061$1,959,149$3,365,904
67$4,088,489$2,330,531$1,954,087$3,577,417
68$4,432,594$2,371,806$1,946,628$3,807,551
69$4,809,500$2,412,807$1,936,622$4,058,160
70$5,222,482$2,453,447$1,923,912$4,331,287
71$5,675,144$2,493,635$1,908,332$4,629,184
72$6,171,457$2,533,271$1,889,709$4,954,333
73$6,715,793$2,572,248$1,867,861$5,309,469
74$7,312,969$2,610,454$1,842,600$5,697,611
75$7,968,290$2,647,764$1,813,725$6,122,081
76$8,687,600$2,684,049$1,781,029$6,586,545
77$9,477,335$2,719,168$1,744,294$7,095,044
78$10,344,587$2,752,971$1,703,292$7,652,031
79$11,297,167$2,785,298$1,657,784$8,262,415
80$12,343,679$2,815,979$1,607,520$8,931,609
81$13,493,602$2,844,830$1,552,241$9,665,580
82$14,757,380$2,871,657$1,491,671$10,470,902
83$16,146,517$2,896,253$1,425,527$11,354,828
84$17,673,689$2,918,396$1,353,509$12,325,348
85$19,352,859$2,937,851$1,275,305$13,391,273
86$21,199,413$2,954,368$1,190,590$14,562,313
87$23,230,301$2,967,681$1,099,023$15,849,175
88$25,464,199$2,977,504$1,000,247$17,263,659
89$27,921,683$2,983,538$893,892$18,818,773
90$30,625,426$2,985,462$779,568$20,528,857
91$33,600,405$2,982,935$656,869$22,409,718
92$36,874,145$2,975,597$525,373$24,478,778
93$40,476,970$2,963,065$384,635$26,755,243
94$44,442,297$2,944,930$234,196$29,260,284
95$48,806,941$2,920,762$73,572$32,017,235
96$53,611,473$2,890,104$0$35,051,820
97$58,900,593$2,852,469$0$38,409,094
98$64,723,558$2,807,343$0$42,118,094
99$71,134,640$2,754,182$0$46,200,789
100$78,193,644$2,692,409$0$50,695,246