Can I retire at age 58 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$156,074$154,684$153,328$152,004$150,711$149,386
2 years$77,265$75,826$74,431$73,079$71,767$70,432
3 years$50,998$49,553$48,162$46,822$45,532$44,228
4 years$37,867$36,427$35,049$33,733$32,474$31,211
5 years$29,991$28,559$27,200$25,910$24,686$23,468
6 years$24,742$23,320$21,981$20,720$19,533$18,362
7 years$20,994$19,585$18,267$17,035$15,886$14,761
8 years$18,184$16,788$15,492$14,291$13,179$12,101
9 years$16,000$14,617$13,343$12,172$11,098$10,068
10 years$14,254$12,884$11,633$10,493$9,456$8,472
11 years$12,826$11,470$10,241$9,132$8,133$7,193
12 years$11,637$10,295$9,089$8,010$7,048$6,153
13 years$10,632$9,303$8,120$7,071$6,146$5,294
14 years$9,771$8,456$7,296$6,277$5,387$4,578
15 years$9,025$7,725$6,587$5,598$4,743$3,975
16 years$8,373$7,088$5,972$5,013$4,192$3,464
17 years$7,799$6,527$5,435$4,504$3,717$3,027
18 years$7,289$6,032$4,961$4,059$3,305$2,653
19 years$6,833$5,590$4,542$3,667$2,946$2,329
20 years$6,424$5,195$4,168$3,322$2,631$2,049
21 years$6,053$4,839$3,834$3,015$2,355$1,806
22 years$5,717$4,517$3,534$2,741$2,111$1,594
23 years$5,411$4,224$3,263$2,496$1,895$1,408
24 years$5,130$3,958$3,017$2,277$1,703$1,246
25 years$4,873$3,714$2,795$2,079$1,532$1,103
26 years$4,635$3,491$2,592$1,901$1,380$978
27 years$4,416$3,285$2,407$1,740$1,245$867
28 years$4,212$3,096$2,237$1,594$1,123$770
29 years$4,023$2,920$2,082$1,462$1,014$683
30 years$3,847$2,758$1,939$1,342$916$607
31 years$3,683$2,607$1,808$1,232$828$540
32 years$3,529$2,467$1,687$1,133$749$480
33 years$3,385$2,336$1,575$1,041$678$427
34 years$3,249$2,214$1,472$958$614$380
35 years$3,122$2,100$1,376$882$556$338
36 years$3,002$1,993$1,287$812$504$301
37 years$2,888$1,893$1,205$749$457$268
38 years$2,781$1,799$1,128$690$414$239
39 years$2,680$1,711$1,057$636$375$213
40 years$2,584$1,628$991$587$341$189
41 years$2,493$1,550$929$541$309$169
42 years$2,406$1,476$871$500$280$150
43 years$2,324$1,406$818$461$254$134
44 years$2,246$1,340$768$426$231$119
45 years$2,171$1,278$721$393$210$107
46 years$2,100$1,219$677$363$190$95
47 years$2,032$1,164$636$336$173$85
48 years$1,967$1,111$598$310$157$75
49 years$1,905$1,061$562$287$143$67
50 years$1,845$1,013$528$265$129$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,890,000, adding $3,681 every year, while hoping to spend $31,766 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: 32/41/27 Blend
57$1,890,000$1,890,000$1,890,000$1,890,000
58$2,086,577$1,986,407$1,957,112$2,136,032
59$2,265,609$2,049,942$1,988,876$2,237,678
60$2,461,838$2,115,526$2,020,640$2,344,012
61$2,676,984$2,183,225$2,052,370$2,457,920
62$2,912,941$2,253,109$2,084,030$2,580,089
63$3,171,799$2,325,248$2,115,582$2,711,275
64$3,455,854$2,399,717$2,146,986$2,852,310
65$3,767,639$2,476,592$2,178,199$3,004,108
66$4,109,945$2,555,951$2,209,174$3,167,673
67$4,485,843$2,637,876$2,239,865$3,344,111
68$4,898,717$2,722,451$2,270,220$3,534,636
69$5,352,298$2,809,762$2,300,183$3,740,587
70$5,850,692$2,899,900$2,329,699$3,963,434
71$6,398,425$2,992,957$2,358,706$4,204,796
72$7,000,481$3,089,030$2,387,140$4,466,455
73$7,662,355$3,188,216$2,414,933$4,750,371
74$8,390,095$3,290,619$2,442,014$5,058,702
75$9,190,370$3,396,345$2,468,307$5,393,824
76$10,070,524$3,505,502$2,493,732$5,758,352
77$11,038,651$3,618,204$2,518,204$6,155,164
78$12,103,665$3,734,568$2,541,636$6,587,432
79$13,275,392$3,854,715$2,563,934$7,058,644
80$14,564,655$3,978,769$2,584,999$7,572,644
81$15,983,381$4,106,860$2,604,727$8,133,666
82$17,544,710$4,239,121$2,623,011$8,746,369
83$19,263,123$4,375,690$2,639,733$9,415,888
84$21,154,572$4,516,710$2,654,775$10,147,875
85$23,236,638$4,662,328$2,668,009$10,948,559
86$25,528,689$4,812,696$2,679,302$11,824,799
87$28,052,070$4,967,973$2,688,514$12,784,150
88$30,830,299$5,128,321$2,695,497$13,834,934
89$33,889,290$5,293,910$2,700,096$14,986,319
90$37,257,599$5,464,912$2,702,151$16,248,406
91$40,966,690$5,641,509$2,701,489$17,632,320
92$45,051,237$5,823,888$2,697,933$19,150,319
93$49,549,445$6,012,239$2,691,295$20,815,906
94$54,503,413$6,206,765$2,681,379$22,643,959
95$59,959,534$6,407,669$2,667,978$24,650,867
96$65,968,928$6,615,166$2,650,877$26,854,691
97$72,587,926$6,829,477$2,629,849$29,275,327
98$79,878,602$7,050,828$2,604,656$31,934,696
99$87,909,358$7,279,458$2,575,051$34,856,952
100$96,755,571$7,515,609$2,540,773$38,068,709