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

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$155,249$153,866$152,517$151,200$149,914$143,966
2 years$76,856$75,424$74,037$72,692$71,388$65,469
3 years$50,728$49,291$47,907$46,575$45,291$39,588
4 years$37,667$36,234$34,864$33,554$32,302$26,858
5 years$29,832$28,408$27,056$25,773$24,556$19,384
6 years$24,611$23,197$21,865$20,611$19,430$14,535
7 years$20,883$19,481$18,170$16,945$15,802$11,181
8 years$18,088$16,699$15,410$14,215$13,109$8,758
9 years$15,915$14,539$13,272$12,108$11,040$6,952
10 years$14,178$12,816$11,571$10,437$9,406$5,573
11 years$12,758$11,409$10,187$9,084$8,090$4,503
12 years$11,575$10,240$9,041$7,967$7,010$3,660
13 years$10,575$9,254$8,077$7,034$6,113$2,989
14 years$9,719$8,412$7,257$6,244$5,359$2,451
15 years$8,977$7,684$6,553$5,569$4,718$2,015
16 years$8,329$7,050$5,941$4,986$4,170$1,661
17 years$7,758$6,493$5,406$4,480$3,697$1,372
18 years$7,250$6,000$4,935$4,037$3,288$1,136
19 years$6,797$5,560$4,518$3,648$2,930$941
20 years$6,390$5,167$4,146$3,304$2,617$781
21 years$6,021$4,813$3,814$2,999$2,342$648
22 years$5,687$4,493$3,515$2,726$2,100$538
23 years$5,382$4,202$3,245$2,483$1,885$448
24 years$5,103$3,937$3,001$2,265$1,694$372
25 years$4,847$3,695$2,780$2,068$1,524$310
26 years$4,611$3,472$2,578$1,891$1,373$258
27 years$4,392$3,268$2,394$1,731$1,238$215
28 years$4,190$3,079$2,226$1,586$1,117$179
29 years$4,002$2,905$2,071$1,454$1,009$149
30 years$3,827$2,743$1,929$1,335$911$124
31 years$3,663$2,593$1,799$1,226$824$104
32 years$3,510$2,454$1,678$1,127$745$86
33 years$3,367$2,324$1,567$1,036$675$72
34 years$3,232$2,203$1,464$953$611$60
35 years$3,105$2,089$1,369$877$553$50
36 years$2,986$1,983$1,280$808$501$42
37 years$2,873$1,883$1,198$745$454$35
38 years$2,767$1,790$1,122$686$412$29
39 years$2,666$1,702$1,051$633$373$24
40 years$2,570$1,619$985$584$339$20
41 years$2,480$1,541$924$538$307$17
42 years$2,394$1,468$867$497$279$14
43 years$2,312$1,399$813$459$253$12
44 years$2,234$1,333$764$424$230$10
45 years$2,159$1,271$717$391$209$8
46 years$2,089$1,213$673$361$189$7
47 years$2,021$1,157$633$334$172$6
48 years$1,956$1,105$594$308$156$5
49 years$1,895$1,055$559$285$142$4
50 years$1,836$1,008$525$264$129$3

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 $3,464 every year, while hoping to spend $41,622 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: 43/39/18 Blend
57$1,880,000$1,880,000$1,880,000$1,880,000
58$2,075,333$1,975,693$1,946,553$2,153,564
59$2,242,732$2,028,217$1,967,477$2,261,570
60$2,425,810$2,081,919$1,987,707$2,374,153
61$2,626,123$2,136,813$2,007,176$2,495,252
62$2,845,384$2,192,914$2,025,813$2,625,672
63$3,085,478$2,250,232$2,043,543$2,766,297
64$3,348,483$2,308,779$2,060,287$2,918,100
65$3,636,685$2,368,566$2,075,964$3,082,156
66$3,952,604$2,429,603$2,090,486$3,259,645
67$4,299,013$2,491,897$2,103,761$3,451,869
68$4,678,968$2,555,456$2,115,692$3,660,260
69$5,095,835$2,620,284$2,126,179$3,886,397
70$5,553,319$2,686,388$2,135,116$4,132,018
71$6,055,505$2,753,768$2,142,389$4,399,038
72$6,606,890$2,822,426$2,147,883$4,689,567
73$7,212,428$2,892,360$2,151,472$5,005,930
74$7,877,578$2,963,568$2,153,029$5,350,688
75$8,608,351$3,036,043$2,152,416$5,726,662
76$9,411,372$3,109,779$2,149,491$6,136,961
77$10,293,938$3,184,764$2,144,105$6,585,012
78$11,264,088$3,260,985$2,136,101$7,074,590
79$12,330,678$3,338,427$2,125,313$7,609,853
80$13,503,467$3,417,069$2,111,571$8,195,386
81$14,793,204$3,496,889$2,094,692$8,836,241
82$16,211,735$3,577,861$2,074,488$9,537,984
83$17,772,109$3,659,953$2,050,760$10,306,750
84$19,488,705$3,743,131$2,023,301$11,149,300
85$21,377,364$3,827,356$1,991,893$12,073,083
86$23,455,542$3,912,584$1,956,309$13,086,312
87$25,742,472$3,998,764$1,916,309$14,198,035
88$28,259,344$4,085,844$1,871,646$15,418,226
89$31,029,508$4,173,761$1,822,056$16,757,875
90$34,078,691$4,262,449$1,767,269$18,229,096
91$37,435,242$4,351,834$1,706,997$19,845,239
92$41,130,399$4,441,835$1,640,943$21,621,018
93$45,198,579$4,532,365$1,568,795$23,572,648
94$49,677,709$4,623,326$1,490,225$25,718,002
95$54,609,581$4,714,614$1,404,892$28,076,776
96$60,040,242$4,806,114$1,312,440$30,670,678
97$66,020,436$4,897,703$1,212,496$33,523,634
98$72,606,077$4,989,247$1,104,672$36,662,011
99$79,858,778$5,080,600$988,558$40,114,872
100$87,846,430$5,171,607$863,732$43,914,244