Can I retire at age 58 with 1,910,000?

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 $1,910,000?

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$157,726$156,321$154,950$153,612$152,306$146,263
2 years$78,082$76,628$75,219$73,852$72,527$66,513
3 years$51,538$50,077$48,671$47,318$46,014$40,220
4 years$38,268$36,812$35,420$34,090$32,818$27,286
5 years$30,308$28,861$27,488$26,184$24,947$19,693
6 years$25,004$23,567$22,214$20,940$19,740$14,767
7 years$21,216$19,792$18,460$17,216$16,054$11,359
8 years$18,377$16,965$15,656$14,442$13,318$8,898
9 years$16,169$14,771$13,484$12,301$11,216$7,063
10 years$14,405$13,020$11,756$10,604$9,557$5,662
11 years$12,962$11,591$10,350$9,228$8,219$4,575
12 years$11,760$10,404$9,185$8,095$7,122$3,719
13 years$10,744$9,402$8,206$7,146$6,211$3,037
14 years$9,874$8,546$7,373$6,344$5,444$2,490
15 years$9,121$7,807$6,657$5,657$4,794$2,048
16 years$8,462$7,163$6,036$5,066$4,237$1,688
17 years$7,882$6,597$5,492$4,551$3,756$1,394
18 years$7,366$6,095$5,014$4,102$3,340$1,154
19 years$6,906$5,649$4,590$3,706$2,977$956
20 years$6,491$5,250$4,212$3,357$2,659$793
21 years$6,117$4,890$3,874$3,046$2,380$658
22 years$5,778$4,564$3,571$2,770$2,133$547
23 years$5,468$4,269$3,297$2,523$1,915$455
24 years$5,185$4,000$3,049$2,301$1,721$378
25 years$4,924$3,754$2,824$2,101$1,549$315
26 years$4,684$3,528$2,619$1,921$1,395$262
27 years$4,463$3,320$2,432$1,759$1,258$218
28 years$4,257$3,128$2,261$1,611$1,135$182
29 years$4,066$2,951$2,104$1,478$1,025$152
30 years$3,888$2,787$1,960$1,356$926$126
31 years$3,722$2,635$1,827$1,245$837$105
32 years$3,566$2,493$1,705$1,145$757$88
33 years$3,421$2,361$1,592$1,052$685$73
34 years$3,284$2,238$1,487$968$620$61
35 years$3,155$2,122$1,391$891$562$51
36 years$3,034$2,014$1,301$821$509$42
37 years$2,919$1,913$1,218$756$461$35
38 years$2,811$1,818$1,140$697$418$29
39 years$2,708$1,729$1,068$643$379$25
40 years$2,611$1,645$1,001$593$344$20
41 years$2,519$1,566$939$547$312$17
42 years$2,432$1,491$881$505$283$14
43 years$2,349$1,421$826$466$257$12
44 years$2,269$1,354$776$430$233$10
45 years$2,194$1,292$728$397$212$8
46 years$2,122$1,232$684$367$192$7
47 years$2,053$1,176$643$339$175$6
48 years$1,988$1,122$604$313$159$5
49 years$1,925$1,072$568$290$144$4
50 years$1,865$1,024$534$268$131$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,910,000, adding $5,652 every year, while hoping to spend $42,747 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: 61/31/8 Blend
57$1,910,000$1,910,000$1,910,000$1,910,000
58$2,110,650$2,009,420$1,979,815$2,235,489
59$2,280,454$2,062,399$2,000,656$2,372,695
60$2,466,145$2,116,542$2,020,763$2,516,904
61$2,669,299$2,171,859$2,040,066$2,673,171
62$2,891,650$2,228,363$2,058,491$2,842,660
63$3,135,108$2,286,063$2,075,960$3,026,652
64$3,401,778$2,344,968$2,092,393$3,226,556
65$3,693,974$2,405,087$2,107,704$3,443,926
66$4,014,249$2,466,426$2,121,801$3,680,472
67$4,365,412$2,528,990$2,134,591$3,938,076
68$4,750,558$2,592,784$2,145,973$4,218,812
69$5,173,094$2,657,810$2,155,843$4,524,962
70$5,636,775$2,724,068$2,164,089$4,859,043
71$6,145,736$2,791,558$2,170,597$5,223,824
72$6,704,533$2,860,276$2,175,243$5,622,355
73$7,318,184$2,930,217$2,177,902$6,057,999
74$7,992,214$3,001,374$2,178,437$6,534,457
75$8,732,715$3,073,736$2,176,710$7,055,807
76$9,546,393$3,147,290$2,172,571$7,626,543
77$10,440,639$3,222,021$2,165,866$8,251,615
78$11,423,595$3,297,911$2,156,433$8,936,477
79$12,504,229$3,374,936$2,144,101$9,687,136
80$13,692,424$3,453,071$2,128,692$10,510,212
81$14,999,067$3,532,287$2,110,019$11,413,000
82$16,436,152$3,612,551$2,087,885$12,403,536
83$18,016,897$3,693,823$2,062,087$13,490,674
84$19,755,862$3,776,062$2,032,408$14,684,172
85$21,669,091$3,859,219$1,998,624$15,994,781
86$23,774,260$3,943,242$1,960,500$17,434,346
87$26,090,846$4,028,073$1,917,788$19,015,921
88$28,640,309$4,113,646$1,870,231$20,753,890
89$31,446,297$4,199,890$1,817,560$22,664,104
90$34,534,862$4,286,728$1,759,491$24,764,028
91$37,934,713$4,374,073$1,695,730$27,072,908
92$41,677,485$4,461,833$1,625,967$29,611,954
93$45,798,032$4,549,907$1,549,881$32,404,538
94$50,334,762$4,638,183$1,467,133$35,476,413
95$55,329,997$4,726,543$1,377,371$38,855,962
96$60,830,370$4,814,857$1,280,226$42,574,460
97$66,887,268$4,902,985$1,175,314$46,666,373
98$73,557,313$4,990,776$1,062,231$51,169,683
99$80,902,901$5,078,065$940,557$56,126,244
100$88,992,785$5,164,679$809,854$61,582,182