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%11.3%
1 years$156,074$154,684$153,328$152,004$150,711$149,887
2 years$77,265$75,826$74,431$73,079$71,767$70,936
3 years$50,998$49,553$48,162$46,822$45,532$44,719
4 years$37,867$36,427$35,049$33,733$32,474$31,685
5 years$29,991$28,559$27,200$25,910$24,686$23,924
6 years$24,742$23,320$21,981$20,720$19,533$18,799
7 years$20,994$19,585$18,267$17,035$15,886$15,180
8 years$18,184$16,788$15,492$14,291$13,179$12,501
9 years$16,000$14,617$13,343$12,172$11,098$10,449
10 years$14,254$12,884$11,633$10,493$9,456$8,835
11 years$12,826$11,470$10,241$9,132$8,133$7,539
12 years$11,637$10,295$9,089$8,010$7,048$6,480
13 years$10,632$9,303$8,120$7,071$6,146$5,605
14 years$9,771$8,456$7,296$6,277$5,387$4,872
15 years$9,025$7,725$6,587$5,598$4,743$4,253
16 years$8,373$7,088$5,972$5,013$4,192$3,726
17 years$7,799$6,527$5,435$4,504$3,717$3,275
18 years$7,289$6,032$4,961$4,059$3,305$2,886
19 years$6,833$5,590$4,542$3,667$2,946$2,549
20 years$6,424$5,195$4,168$3,322$2,631$2,255
21 years$6,053$4,839$3,834$3,015$2,355$1,999
22 years$5,717$4,517$3,534$2,741$2,111$1,775
23 years$5,411$4,224$3,263$2,496$1,895$1,578
24 years$5,130$3,958$3,017$2,277$1,703$1,405
25 years$4,873$3,714$2,795$2,079$1,532$1,251
26 years$4,635$3,491$2,592$1,901$1,380$1,116
27 years$4,416$3,285$2,407$1,740$1,245$996
28 years$4,212$3,096$2,237$1,594$1,123$890
29 years$4,023$2,920$2,082$1,462$1,014$795
30 years$3,847$2,758$1,939$1,342$916$711
31 years$3,683$2,607$1,808$1,232$828$636
32 years$3,529$2,467$1,687$1,133$749$569
33 years$3,385$2,336$1,575$1,041$678$510
34 years$3,249$2,214$1,472$958$614$457
35 years$3,122$2,100$1,376$882$556$409
36 years$3,002$1,993$1,287$812$504$367
37 years$2,888$1,893$1,205$749$457$329
38 years$2,781$1,799$1,128$690$414$295
39 years$2,680$1,711$1,057$636$375$264
40 years$2,584$1,628$991$587$341$237
41 years$2,493$1,550$929$541$309$213
42 years$2,406$1,476$871$500$280$191
43 years$2,324$1,406$818$461$254$171
44 years$2,246$1,340$768$426$231$154
45 years$2,171$1,278$721$393$210$138
46 years$2,100$1,219$677$363$190$124
47 years$2,032$1,164$636$336$173$111
48 years$1,967$1,111$598$310$157$100
49 years$1,905$1,061$562$287$143$90
50 years$1,845$1,013$528$265$129$81

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 $2,571 every year, while hoping to spend $50,920 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: 58/21/21 Blend
57$1,890,000$1,890,000$1,890,000$1,890,000
58$2,085,432$1,985,262$1,955,967$2,194,569
59$2,243,968$2,028,361$1,967,313$2,312,202
60$2,416,967$2,071,866$1,977,333$2,434,665
61$2,605,852$2,115,742$1,985,928$2,567,058
62$2,812,188$2,159,952$1,992,996$2,710,352
63$3,037,697$2,204,455$1,998,427$2,865,613
64$3,284,275$2,249,207$2,002,108$3,034,022
65$3,554,012$2,294,159$2,003,919$3,216,875
66$3,849,207$2,339,258$2,003,735$3,415,603
67$4,172,390$2,384,446$2,001,425$3,631,785
68$4,526,351$2,429,661$1,996,850$3,867,157
69$4,914,161$2,474,836$1,989,866$4,123,638
70$5,339,199$2,519,897$1,980,321$4,403,338
71$5,805,191$2,564,766$1,968,055$4,708,587
72$6,316,238$2,609,357$1,952,902$5,041,952
73$6,876,858$2,653,579$1,934,688$5,406,261
74$7,492,026$2,697,333$1,913,229$5,804,635
75$8,167,224$2,740,514$1,888,334$6,240,512
76$8,908,489$2,783,007$1,859,801$6,717,681
77$9,722,472$2,824,691$1,827,421$7,240,323
78$10,616,499$2,865,435$1,790,974$7,813,042
79$11,598,639$2,905,100$1,750,229$8,440,917
80$12,677,785$2,943,534$1,704,947$9,129,545
81$13,863,730$2,980,578$1,654,873$9,885,097
82$15,167,265$3,016,061$1,599,746$10,714,375
83$16,600,278$3,049,800$1,539,289$11,624,877
84$18,175,865$3,081,599$1,473,215$12,624,869
85$19,908,457$3,111,251$1,401,221$13,723,462
86$21,813,951$3,138,534$1,322,993$14,930,702
87$23,909,862$3,163,210$1,238,202$16,257,660
88$26,215,490$3,185,029$1,146,503$17,716,540
89$28,752,096$3,203,721$1,047,537$19,320,797
90$31,543,109$3,219,003$940,929$21,085,260
91$34,614,341$3,230,569$826,285$23,026,277
92$37,994,235$3,238,098$703,197$25,161,866
93$41,714,129$3,241,247$571,236$27,511,890
94$45,808,553$3,239,651$429,955$30,098,243
95$50,315,556$3,232,924$278,889$32,945,056
96$55,277,060$3,220,655$117,549$36,078,931
97$60,739,262$3,202,409$0$39,529,187
98$66,753,062$3,177,722$0$43,340,383
99$73,374,549$3,146,105$0$47,564,804
100$80,665,527$3,107,039$0$52,215,470