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%11.6%
1 years$154,423$153,047$151,705$150,395$149,116$148,115
2 years$76,447$75,023$73,643$72,306$71,008$69,997
3 years$50,458$49,028$47,652$46,327$45,050$44,063
4 years$37,467$36,041$34,679$33,376$32,130$31,173
5 years$29,674$28,257$26,912$25,636$24,425$23,501
6 years$24,480$23,074$21,749$20,501$19,327$18,437
7 years$20,772$19,377$18,073$16,855$15,718$14,863
8 years$17,992$16,610$15,328$14,139$13,039$12,219
9 years$15,831$14,462$13,202$12,044$10,981$10,195
10 years$14,103$12,747$11,510$10,382$9,356$8,605
11 years$12,690$11,348$10,133$9,035$8,047$7,329
12 years$11,514$10,186$8,993$7,925$6,973$6,288
13 years$10,519$9,205$8,034$6,997$6,081$5,428
14 years$9,667$8,367$7,219$6,211$5,330$4,709
15 years$8,930$7,643$6,518$5,539$4,693$4,103
16 years$8,285$7,013$5,909$4,960$4,148$3,587
17 years$7,716$6,458$5,377$4,456$3,678$3,146
18 years$7,212$5,968$4,909$4,016$3,270$2,767
19 years$6,761$5,531$4,494$3,629$2,915$2,438
20 years$6,356$5,140$4,124$3,286$2,604$2,153
21 years$5,989$4,787$3,793$2,983$2,330$1,904
22 years$5,657$4,469$3,496$2,712$2,088$1,687
23 years$5,354$4,180$3,228$2,470$1,875$1,496
24 years$5,076$3,916$2,985$2,253$1,685$1,329
25 years$4,821$3,675$2,765$2,057$1,516$1,181
26 years$4,586$3,454$2,564$1,881$1,366$1,051
27 years$4,369$3,251$2,381$1,722$1,231$936
28 years$4,168$3,063$2,214$1,577$1,111$834
29 years$3,981$2,890$2,060$1,447$1,003$743
30 years$3,807$2,729$1,919$1,328$907$663
31 years$3,644$2,580$1,789$1,219$820$592
32 years$3,492$2,441$1,669$1,121$741$528
33 years$3,349$2,312$1,558$1,030$671$472
34 years$3,215$2,191$1,456$948$607$422
35 years$3,089$2,078$1,361$873$550$377
36 years$2,970$1,972$1,274$804$499$337
37 years$2,858$1,873$1,192$741$452$301
38 years$2,752$1,780$1,116$683$410$270
39 years$2,652$1,693$1,046$629$371$241
40 years$2,557$1,611$980$581$337$216
41 years$2,466$1,533$919$536$306$193
42 years$2,381$1,460$862$494$277$173
43 years$2,299$1,391$809$456$252$155
44 years$2,222$1,326$759$421$228$138
45 years$2,148$1,265$713$389$207$124
46 years$2,078$1,206$670$359$188$111
47 years$2,010$1,151$629$332$171$99
48 years$1,946$1,099$591$307$155$89
49 years$1,885$1,049$556$284$141$80
50 years$1,826$1,002$523$262$128$71

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 $3,850 every year, while hoping to spend $41,592 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: 61/32/7 Blend
57$1,870,000$1,870,000$1,870,000$1,870,000
58$2,064,711$1,965,601$1,936,616$2,187,539
59$2,231,058$2,017,662$1,957,239$2,322,198
60$2,412,979$2,070,880$1,977,159$2,463,906
61$2,612,017$2,125,268$1,996,309$2,617,461
62$2,829,874$2,180,837$2,014,616$2,784,006
63$3,068,423$2,237,600$2,032,008$2,964,798
64$3,329,725$2,295,565$2,048,403$3,161,222
65$3,616,053$2,354,744$2,063,720$3,374,801
66$3,929,906$2,415,143$2,077,871$3,607,213
67$4,274,041$2,476,769$2,090,764$3,860,305
68$4,651,492$2,539,629$2,102,303$4,136,114
69$5,065,599$2,603,725$2,112,385$4,436,878
70$5,520,044$2,669,062$2,120,904$4,765,067
71$6,018,882$2,735,640$2,127,748$5,123,397
72$6,566,579$2,803,457$2,132,799$5,514,862
73$7,168,055$2,872,511$2,135,932$5,942,760
74$7,828,729$2,942,797$2,137,019$6,410,724
75$8,554,573$3,014,307$2,135,922$6,922,754
76$9,352,163$3,087,032$2,132,499$7,483,258
77$10,228,745$3,160,958$2,126,599$8,097,092
78$11,192,303$3,236,071$2,118,066$8,769,607
79$12,251,630$3,312,351$2,106,734$9,506,696
80$13,416,417$3,389,777$2,092,430$10,314,852
81$14,697,339$3,468,323$2,074,973$11,201,231
82$16,106,156$3,547,959$2,054,174$12,173,715
83$17,655,828$3,628,654$2,029,833$13,240,991
84$19,360,632$3,710,368$2,001,742$14,412,627
85$21,236,300$3,793,059$1,969,683$15,699,170
86$23,300,163$3,876,679$1,933,429$17,112,238
87$25,571,320$3,961,177$1,892,739$18,664,633
88$28,070,813$4,046,493$1,847,364$20,370,465
89$30,821,828$4,132,562$1,797,042$22,245,279
90$33,849,911$4,219,315$1,741,500$24,306,204
91$37,183,213$4,306,673$1,680,451$26,572,116
92$40,852,751$4,394,550$1,613,597$29,063,817
93$44,892,703$4,482,854$1,540,624$31,804,227
94$49,340,729$4,571,484$1,461,204$34,818,606
95$54,238,326$4,660,329$1,374,997$38,134,786
96$59,631,220$4,749,270$1,281,644$41,783,441
97$65,569,797$4,838,177$1,180,773$45,798,371
98$72,109,580$4,926,911$1,071,992$50,216,824
99$79,311,748$5,015,321$954,895$55,079,846
100$87,243,717$5,103,243$829,055$60,432,671