Can I retire at age 58 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$155,249$153,866$152,517$151,200$149,914$147,552
2 years$76,856$75,424$74,037$72,692$71,388$69,014
3 years$50,728$49,291$47,907$46,575$45,291$42,980
4 years$37,667$36,234$34,864$33,554$32,302$30,071
5 years$29,832$28,408$27,056$25,773$24,556$22,411
6 years$24,611$23,197$21,865$20,611$19,430$17,374
7 years$20,883$19,481$18,170$16,945$15,802$13,836
8 years$18,088$16,699$15,410$14,215$13,109$11,232
9 years$15,915$14,539$13,272$12,108$11,040$9,251
10 years$14,178$12,816$11,571$10,437$9,406$7,705
11 years$12,758$11,409$10,187$9,084$8,090$6,474
12 years$11,575$10,240$9,041$7,967$7,010$5,477
13 years$10,575$9,254$8,077$7,034$6,113$4,661
14 years$9,719$8,412$7,257$6,244$5,359$3,985
15 years$8,977$7,684$6,553$5,569$4,718$3,421
16 years$8,329$7,050$5,941$4,986$4,170$2,946
17 years$7,758$6,493$5,406$4,480$3,697$2,544
18 years$7,250$6,000$4,935$4,037$3,288$2,202
19 years$6,797$5,560$4,518$3,648$2,930$1,910
20 years$6,390$5,167$4,146$3,304$2,617$1,660
21 years$6,021$4,813$3,814$2,999$2,342$1,444
22 years$5,687$4,493$3,515$2,726$2,100$1,258
23 years$5,382$4,202$3,245$2,483$1,885$1,097
24 years$5,103$3,937$3,001$2,265$1,694$958
25 years$4,847$3,695$2,780$2,068$1,524$837
26 years$4,611$3,472$2,578$1,891$1,373$732
27 years$4,392$3,268$2,394$1,731$1,238$640
28 years$4,190$3,079$2,226$1,586$1,117$561
29 years$4,002$2,905$2,071$1,454$1,009$491
30 years$3,827$2,743$1,929$1,335$911$430
31 years$3,663$2,593$1,799$1,226$824$377
32 years$3,510$2,454$1,678$1,127$745$331
33 years$3,367$2,324$1,567$1,036$675$290
34 years$3,232$2,203$1,464$953$611$254
35 years$3,105$2,089$1,369$877$553$223
36 years$2,986$1,983$1,280$808$501$196
37 years$2,873$1,883$1,198$745$454$172
38 years$2,767$1,790$1,122$686$412$151
39 years$2,666$1,702$1,051$633$373$132
40 years$2,570$1,619$985$584$339$116
41 years$2,480$1,541$924$538$307$102
42 years$2,394$1,468$867$497$279$90
43 years$2,312$1,399$813$459$253$79
44 years$2,234$1,333$764$424$230$69
45 years$2,159$1,271$717$391$209$61
46 years$2,089$1,213$673$361$189$53
47 years$2,021$1,157$633$334$172$47
48 years$1,956$1,105$594$308$156$41
49 years$1,895$1,055$559$285$142$36
50 years$1,836$1,008$525$264$129$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,880,000, adding $3,428 every year, while hoping to spend $49,348 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: 50/45/5 Blend
57$1,880,000$1,880,000$1,880,000$1,880,000
58$2,075,296$1,975,656$1,946,516$2,176,418
59$2,234,470$2,019,957$1,959,218$2,289,880
60$2,408,226$2,064,775$1,970,692$2,407,493
61$2,598,000$2,110,083$1,980,845$2,534,097
62$2,805,370$2,155,852$1,989,577$2,670,546
63$3,032,077$2,202,048$1,996,787$2,817,777
64$3,280,036$2,248,635$2,002,367$2,976,822
65$3,551,355$2,295,573$2,006,201$3,148,818
66$3,848,356$2,342,820$2,008,172$3,335,019
67$4,173,596$2,390,326$2,008,154$3,536,805
68$4,529,892$2,438,041$2,006,016$3,755,695
69$4,920,343$2,485,907$2,001,619$3,993,365
70$5,348,365$2,533,863$1,994,820$4,251,660
71$5,817,718$2,581,843$1,985,467$4,532,613
72$6,332,546$2,629,774$1,973,401$4,838,465
73$6,897,411$2,677,578$1,958,456$5,171,684
74$7,517,340$2,725,172$1,940,456$5,534,992
75$8,197,867$2,772,464$1,919,220$5,931,386
76$8,945,091$2,819,356$1,894,556$6,364,171
77$9,765,730$2,865,745$1,866,263$6,836,988
78$10,667,184$2,911,515$1,834,133$7,353,851
79$11,657,605$2,956,548$1,797,944$7,919,183
80$12,745,973$3,000,711$1,757,468$8,537,859
81$13,942,183$3,043,866$1,712,463$9,215,253
82$15,257,133$3,085,863$1,662,678$9,957,288
83$16,702,833$3,126,543$1,607,851$10,770,491
84$18,292,514$3,165,735$1,547,705$11,662,057
85$20,040,750$3,203,256$1,481,953$12,639,918
86$21,963,602$3,238,911$1,410,294$13,712,814
87$24,078,763$3,272,492$1,332,413$14,890,381
88$26,405,730$3,303,777$1,247,981$16,183,239
89$28,965,982$3,332,529$1,156,656$17,603,095
90$31,783,185$3,358,496$1,058,078$19,162,851
91$34,883,418$3,381,411$951,871$20,876,731
92$38,295,412$3,400,985$837,644$22,760,411
93$42,050,827$3,416,917$714,988$24,831,171
94$46,184,547$3,428,881$583,476$27,108,057
95$50,735,010$3,436,535$442,661$29,612,064
96$55,744,568$3,439,512$292,077$32,366,332
97$61,259,890$3,437,425$131,238$35,396,367
98$67,332,401$3,429,860$0$38,730,284
99$74,018,763$3,416,381$0$42,401,226
100$81,381,417$3,396,523$0$46,448,806