Can I retire at age 58 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$156,900$155,503$154,139$152,808$151,509$149,306
2 years$77,673$76,227$74,825$73,465$72,147$69,933
3 years$51,268$49,815$48,417$47,070$45,773$43,616
4 years$38,068$36,619$35,235$33,911$32,646$30,562
5 years$30,150$28,710$27,344$26,047$24,817$22,813
6 years$24,873$23,444$22,098$20,830$19,637$17,715
7 years$21,105$19,688$18,363$17,126$15,970$14,130
8 years$18,280$16,876$15,574$14,366$13,249$11,492
9 years$16,085$14,694$13,414$12,237$11,157$9,482
10 years$14,329$12,952$11,694$10,548$9,506$7,911
11 years$12,894$11,530$10,295$9,180$8,176$6,659
12 years$11,698$10,349$9,137$8,052$7,085$5,645
13 years$10,688$9,353$8,163$7,109$6,178$4,814
14 years$9,822$8,501$7,335$6,310$5,416$4,124
15 years$9,073$7,766$6,622$5,628$4,769$3,547
16 years$8,418$7,125$6,004$5,039$4,214$3,061
17 years$7,840$6,562$5,463$4,528$3,737$2,649
18 years$7,328$6,064$4,987$4,080$3,323$2,298
19 years$6,869$5,620$4,566$3,687$2,962$1,998
20 years$6,457$5,222$4,190$3,339$2,645$1,740
21 years$6,085$4,864$3,854$3,031$2,367$1,517
22 years$5,747$4,540$3,552$2,755$2,122$1,325
23 years$5,439$4,247$3,280$2,509$1,905$1,158
24 years$5,157$3,979$3,033$2,289$1,712$1,013
25 years$4,898$3,734$2,809$2,090$1,541$888
26 years$4,660$3,509$2,606$1,911$1,388$778
27 years$4,439$3,303$2,420$1,749$1,251$682
28 years$4,235$3,112$2,249$1,603$1,129$599
29 years$4,045$2,936$2,093$1,470$1,019$526
30 years$3,868$2,773$1,950$1,349$921$462
31 years$3,702$2,621$1,818$1,239$833$406
32 years$3,548$2,480$1,696$1,139$753$357
33 years$3,403$2,349$1,583$1,047$682$314
34 years$3,266$2,226$1,479$963$617$276
35 years$3,138$2,111$1,383$887$559$243
36 years$3,018$2,004$1,294$817$507$213
37 years$2,904$1,903$1,211$752$459$188
38 years$2,796$1,809$1,134$694$416$165
39 years$2,694$1,720$1,063$640$377$145
40 years$2,598$1,636$996$590$342$128
41 years$2,506$1,558$934$544$311$113
42 years$2,419$1,484$876$502$282$99
43 years$2,336$1,414$822$464$256$87
44 years$2,257$1,347$772$428$232$77
45 years$2,182$1,285$725$395$211$68
46 years$2,111$1,226$681$365$191$60
47 years$2,043$1,170$639$337$174$53
48 years$1,977$1,117$601$312$158$46
49 years$1,915$1,066$565$288$143$41
50 years$1,855$1,019$531$266$130$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,900,000, adding $2,341 every year, while hoping to spend $33,380 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: 39/42/19 Blend
57$1,900,000$1,900,000$1,900,000$1,900,000
58$2,096,215$1,995,515$1,966,065$2,166,000
59$2,274,513$2,057,779$1,996,412$2,278,551
60$2,469,878$2,121,975$2,026,657$2,396,813
61$2,684,017$2,188,163$2,056,761$2,523,995
62$2,918,807$2,256,404$2,086,683$2,660,924
63$3,176,319$2,326,761$2,116,380$2,808,508
64$3,458,830$2,399,299$2,145,805$2,967,747
65$3,768,850$2,474,084$2,174,910$3,139,739
66$4,109,146$2,551,187$2,203,642$3,325,693
67$4,482,761$2,630,678$2,231,946$3,526,938
68$4,893,051$2,712,629$2,259,765$3,744,937
69$5,343,712$2,797,118$2,287,037$3,981,300
70$5,838,815$2,884,221$2,313,697$4,237,798
71$6,382,845$2,974,018$2,339,676$4,516,381
72$6,980,742$3,066,593$2,364,903$4,819,193
73$7,637,951$3,162,029$2,389,300$5,148,598
74$8,360,468$3,260,414$2,412,788$5,507,196
75$9,154,900$3,361,839$2,435,281$5,897,848
76$10,028,527$3,466,396$2,456,690$6,323,708
77$10,989,368$3,574,181$2,476,920$6,788,245
78$12,046,260$3,685,292$2,495,874$7,295,282
79$13,208,938$3,799,831$2,513,445$7,849,026
80$14,488,129$3,917,902$2,529,525$8,454,113
81$15,895,652$4,039,613$2,543,997$9,115,647
82$17,444,529$4,165,074$2,556,741$9,839,249
83$19,149,108$4,294,400$2,567,629$10,631,111
84$21,025,199$4,427,707$2,576,527$11,498,055
85$23,090,222$4,565,118$2,583,293$12,447,591
86$25,363,372$4,706,756$2,587,781$13,487,997
87$27,865,798$4,852,749$2,589,834$14,628,387
88$30,620,806$5,003,230$2,589,290$15,878,804
89$33,654,074$5,158,335$2,585,977$17,250,311
90$36,993,899$5,318,203$2,579,717$18,755,096
91$40,671,460$5,482,978$2,570,321$20,406,585
92$44,721,115$5,652,809$2,557,592$22,219,572
93$49,180,720$5,827,849$2,541,323$24,210,353
94$54,091,994$6,008,254$2,521,298$26,396,886
95$59,500,906$6,194,187$2,497,290$28,798,952
96$65,458,110$6,385,813$2,469,060$31,438,351
97$72,019,424$6,583,305$2,436,361$34,339,097
98$79,246,356$6,786,838$2,398,930$37,527,654
99$87,206,686$6,996,595$2,356,495$41,033,176
100$95,975,101$7,212,761$2,308,771$44,887,791