Can I retire at age 58 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$154,423$153,047$151,705$150,395$149,116$145,630
2 years$76,447$75,023$73,643$72,306$71,008$67,515
3 years$50,458$49,028$47,652$46,327$45,050$41,660
4 years$37,467$36,041$34,679$33,376$32,130$28,869
5 years$29,674$28,257$26,912$25,636$24,425$21,302
6 years$24,480$23,074$21,749$20,501$19,327$16,345
7 years$20,772$19,377$18,073$16,855$15,718$12,878
8 years$17,992$16,610$15,328$14,139$13,039$10,340
9 years$15,831$14,462$13,202$12,044$10,981$8,420
10 years$14,103$12,747$11,510$10,382$9,356$6,931
11 years$12,690$11,348$10,133$9,035$8,047$5,754
12 years$11,514$10,186$8,993$7,925$6,973$4,809
13 years$10,519$9,205$8,034$6,997$6,081$4,041
14 years$9,667$8,367$7,219$6,211$5,330$3,411
15 years$8,930$7,643$6,518$5,539$4,693$2,890
16 years$8,285$7,013$5,909$4,960$4,148$2,455
17 years$7,716$6,458$5,377$4,456$3,678$2,092
18 years$7,212$5,968$4,909$4,016$3,270$1,786
19 years$6,761$5,531$4,494$3,629$2,915$1,527
20 years$6,356$5,140$4,124$3,286$2,604$1,308
21 years$5,989$4,787$3,793$2,983$2,330$1,122
22 years$5,657$4,469$3,496$2,712$2,088$963
23 years$5,354$4,180$3,228$2,470$1,875$828
24 years$5,076$3,916$2,985$2,253$1,685$712
25 years$4,821$3,675$2,765$2,057$1,516$613
26 years$4,586$3,454$2,564$1,881$1,366$528
27 years$4,369$3,251$2,381$1,722$1,231$455
28 years$4,168$3,063$2,214$1,577$1,111$392
29 years$3,981$2,890$2,060$1,447$1,003$338
30 years$3,807$2,729$1,919$1,328$907$292
31 years$3,644$2,580$1,789$1,219$820$252
32 years$3,492$2,441$1,669$1,121$741$217
33 years$3,349$2,312$1,558$1,030$671$187
34 years$3,215$2,191$1,456$948$607$162
35 years$3,089$2,078$1,361$873$550$140
36 years$2,970$1,972$1,274$804$499$121
37 years$2,858$1,873$1,192$741$452$104
38 years$2,752$1,780$1,116$683$410$90
39 years$2,652$1,693$1,046$629$371$78
40 years$2,557$1,611$980$581$337$67
41 years$2,466$1,533$919$536$306$58
42 years$2,381$1,460$862$494$277$50
43 years$2,299$1,391$809$456$252$43
44 years$2,222$1,326$759$421$228$37
45 years$2,148$1,265$713$389$207$32
46 years$2,078$1,206$670$359$188$28
47 years$2,010$1,151$629$332$171$24
48 years$1,946$1,099$591$307$155$21
49 years$1,885$1,049$556$284$141$18
50 years$1,826$1,002$523$262$128$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,870,000, adding $3,797 every year, while hoping to spend $24,740 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: 62/22/16 Blend
57$1,870,000$1,870,000$1,870,000$1,870,000
58$2,064,657$1,965,547$1,936,562$2,184,184
59$2,248,928$2,035,535$1,975,113$2,335,013
60$2,451,167$2,108,124$2,014,127$2,496,459
61$2,673,178$2,183,415$2,053,593$2,672,116
62$2,916,952$2,261,512$2,093,498$2,863,364
63$3,184,682$2,342,526$2,133,831$3,071,726
64$3,478,781$2,426,571$2,174,575$3,298,874
65$3,801,909$2,513,766$2,215,717$3,546,651
66$4,156,998$2,604,235$2,257,238$3,817,086
67$4,547,276$2,698,107$2,299,119$4,112,410
68$4,976,300$2,795,516$2,341,341$4,435,083
69$5,447,988$2,896,601$2,383,881$4,787,809
70$5,966,657$3,001,509$2,426,716$5,173,568
71$6,537,065$3,110,392$2,469,819$5,595,641
72$7,164,450$3,223,406$2,513,163$6,057,641
73$7,854,589$3,340,717$2,556,719$6,563,545
74$8,613,841$3,462,497$2,600,453$7,117,734
75$9,449,217$3,588,923$2,644,332$7,725,033
76$10,368,439$3,720,182$2,688,319$8,390,756
77$11,380,017$3,856,468$2,732,375$9,120,756
78$12,493,327$3,997,983$2,776,458$9,921,477
79$13,718,699$4,144,938$2,820,523$10,800,020
80$15,067,518$4,297,551$2,864,522$11,764,205
81$16,552,326$4,456,053$2,908,404$12,822,647
82$18,186,944$4,620,680$2,952,117$13,984,834
83$19,986,601$4,791,682$2,995,601$15,261,221
84$21,968,077$4,969,317$3,038,797$16,663,321
85$24,149,864$5,153,856$3,081,639$18,203,820
86$26,552,335$5,345,581$3,124,059$19,896,693
87$29,197,944$5,544,784$3,165,985$21,757,335
88$32,111,428$5,751,772$3,207,339$23,802,708
89$35,320,049$5,966,865$3,248,041$26,051,497
90$38,853,847$6,190,394$3,288,003$28,524,291
91$42,745,924$6,422,708$3,327,136$31,243,770
92$47,032,755$6,664,168$3,365,342$34,234,924
93$51,754,536$6,915,152$3,402,521$37,525,287
94$56,955,559$7,176,054$3,438,566$41,145,194
95$62,684,631$7,447,286$3,473,362$45,128,069
96$68,995,535$7,729,275$3,506,792$49,510,737
97$75,947,540$8,022,470$3,538,730$54,333,777
98$83,605,954$8,327,336$3,569,043$59,641,896
99$92,042,748$8,644,362$3,597,592$65,484,355
100$101,337,227$8,974,055$3,624,230$71,915,435