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

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$156,074$154,684$153,328$152,004$150,711$146,356
2 years$77,265$75,826$74,431$73,079$71,767$67,414
3 years$50,998$49,553$48,162$46,822$45,532$41,317
4 years$37,867$36,427$35,049$33,733$32,474$28,430
5 years$29,991$28,559$27,200$25,910$24,686$20,824
6 years$24,742$23,320$21,981$20,720$19,533$15,856
7 years$20,994$19,585$18,267$17,035$15,886$12,394
8 years$18,184$16,788$15,492$14,291$13,179$9,870
9 years$16,000$14,617$13,343$12,172$11,098$7,970
10 years$14,254$12,884$11,633$10,493$9,456$6,504
11 years$12,826$11,470$10,241$9,132$8,133$5,351
12 years$11,637$10,295$9,089$8,010$7,048$4,431
13 years$10,632$9,303$8,120$7,071$6,146$3,689
14 years$9,771$8,456$7,296$6,277$5,387$3,084
15 years$9,025$7,725$6,587$5,598$4,743$2,587
16 years$8,373$7,088$5,972$5,013$4,192$2,176
17 years$7,799$6,527$5,435$4,504$3,717$1,835
18 years$7,289$6,032$4,961$4,059$3,305$1,551
19 years$6,833$5,590$4,542$3,667$2,946$1,312
20 years$6,424$5,195$4,168$3,322$2,631$1,112
21 years$6,053$4,839$3,834$3,015$2,355$944
22 years$5,717$4,517$3,534$2,741$2,111$801
23 years$5,411$4,224$3,263$2,496$1,895$681
24 years$5,130$3,958$3,017$2,277$1,703$579
25 years$4,873$3,714$2,795$2,079$1,532$493
26 years$4,635$3,491$2,592$1,901$1,380$420
27 years$4,416$3,285$2,407$1,740$1,245$358
28 years$4,212$3,096$2,237$1,594$1,123$305
29 years$4,023$2,920$2,082$1,462$1,014$260
30 years$3,847$2,758$1,939$1,342$916$222
31 years$3,683$2,607$1,808$1,232$828$189
32 years$3,529$2,467$1,687$1,133$749$161
33 years$3,385$2,336$1,575$1,041$678$138
34 years$3,249$2,214$1,472$958$614$117
35 years$3,122$2,100$1,376$882$556$100
36 years$3,002$1,993$1,287$812$504$85
37 years$2,888$1,893$1,205$749$457$73
38 years$2,781$1,799$1,128$690$414$62
39 years$2,680$1,711$1,057$636$375$53
40 years$2,584$1,628$991$587$341$45
41 years$2,493$1,550$929$541$309$39
42 years$2,406$1,476$871$500$280$33
43 years$2,324$1,406$818$461$254$28
44 years$2,246$1,340$768$426$231$24
45 years$2,171$1,278$721$393$210$21
46 years$2,100$1,219$677$363$190$18
47 years$2,032$1,164$636$336$173$15
48 years$1,967$1,111$598$310$157$13
49 years$1,905$1,061$562$287$143$11
50 years$1,845$1,013$528$265$129$9

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 $4,636 every year, while hoping to spend $24,318 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: 77/12/11 Blend
57$1,890,000$1,890,000$1,890,000$1,890,000
58$2,087,562$1,987,392$1,958,097$2,243,738
59$2,274,619$2,058,900$1,997,819$2,418,681
60$2,479,941$2,133,097$2,038,057$2,606,891
61$2,705,365$2,210,089$2,078,802$2,812,571
62$2,952,915$2,289,986$2,120,045$3,037,449
63$3,224,821$2,372,904$2,161,775$3,283,433
64$3,523,539$2,458,962$2,203,980$3,552,619
65$3,851,774$2,548,285$2,246,647$3,847,318
66$4,212,507$2,641,003$2,289,762$4,170,074
67$4,609,022$2,737,252$2,333,308$4,523,688
68$5,044,937$2,837,172$2,377,269$4,911,248
69$5,524,238$2,940,911$2,421,625$5,336,150
70$6,051,317$3,048,622$2,466,356$5,802,139
71$6,631,011$3,160,464$2,511,439$6,313,338
72$7,268,651$3,276,604$2,556,849$6,874,287
73$7,970,111$3,397,215$2,602,561$7,489,991
74$8,741,862$3,522,478$2,648,546$8,165,959
75$9,591,033$3,652,581$2,694,774$8,908,262
76$10,525,481$3,787,720$2,741,211$9,723,587
77$11,553,862$3,928,100$2,787,824$10,619,301
78$12,685,713$4,073,935$2,834,574$11,603,520
79$13,931,545$4,225,446$2,881,420$12,685,185
80$15,302,935$4,382,865$2,928,320$13,874,146
81$16,812,644$4,546,435$2,975,229$15,181,255
82$18,474,730$4,716,408$3,022,096$16,618,468
83$20,304,686$4,893,045$3,068,870$18,198,958
84$22,319,583$5,076,622$3,115,495$19,937,239
85$24,538,228$5,267,425$3,161,912$21,849,299
86$26,981,350$5,465,752$3,208,059$23,952,759
87$29,671,788$5,671,914$3,253,869$26,267,028
88$32,634,708$5,886,235$3,299,271$28,813,495
89$35,897,842$6,109,054$3,344,190$31,615,727
90$39,491,749$6,340,725$3,388,548$34,699,689
91$43,450,103$6,581,617$3,432,260$38,093,991
92$47,810,011$6,832,113$3,475,238$41,830,159
93$52,612,361$7,092,615$3,517,387$45,942,929
94$57,902,211$7,363,543$3,558,609$50,470,575
95$63,729,213$7,645,332$3,598,799$55,455,272
96$70,148,079$7,938,441$3,637,845$60,943,492
97$77,219,102$8,243,343$3,675,632$66,986,441
98$85,008,721$8,560,538$3,712,036$73,640,545
99$93,590,149$8,890,543$3,746,928$80,967,978
100$103,044,065$9,233,900$3,780,171$89,037,254