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

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$157,726$156,321$154,950$153,612$152,306$149,598
2 years$78,082$76,628$75,219$73,852$72,527$69,808
3 years$51,538$50,077$48,671$47,318$46,014$43,369
4 years$38,268$36,812$35,420$34,090$32,818$30,266
5 years$30,308$28,861$27,488$26,184$24,947$22,498
6 years$25,004$23,567$22,214$20,940$19,740$17,394
7 years$21,216$19,792$18,460$17,216$16,054$13,813
8 years$18,377$16,965$15,656$14,442$13,318$11,182
9 years$16,169$14,771$13,484$12,301$11,216$9,182
10 years$14,405$13,020$11,756$10,604$9,557$7,624
11 years$12,962$11,591$10,350$9,228$8,219$6,385
12 years$11,760$10,404$9,185$8,095$7,122$5,385
13 years$10,744$9,402$8,206$7,146$6,211$4,568
14 years$9,874$8,546$7,373$6,344$5,444$3,892
15 years$9,121$7,807$6,657$5,657$4,794$3,330
16 years$8,462$7,163$6,036$5,066$4,237$2,857
17 years$7,882$6,597$5,492$4,551$3,756$2,459
18 years$7,366$6,095$5,014$4,102$3,340$2,121
19 years$6,906$5,649$4,590$3,706$2,977$1,833
20 years$6,491$5,250$4,212$3,357$2,659$1,586
21 years$6,117$4,890$3,874$3,046$2,380$1,375
22 years$5,778$4,564$3,571$2,770$2,133$1,194
23 years$5,468$4,269$3,297$2,523$1,915$1,037
24 years$5,185$4,000$3,049$2,301$1,721$902
25 years$4,924$3,754$2,824$2,101$1,549$785
26 years$4,684$3,528$2,619$1,921$1,395$683
27 years$4,463$3,320$2,432$1,759$1,258$596
28 years$4,257$3,128$2,261$1,611$1,135$519
29 years$4,066$2,951$2,104$1,478$1,025$453
30 years$3,888$2,787$1,960$1,356$926$395
31 years$3,722$2,635$1,827$1,245$837$345
32 years$3,566$2,493$1,705$1,145$757$301
33 years$3,421$2,361$1,592$1,052$685$263
34 years$3,284$2,238$1,487$968$620$230
35 years$3,155$2,122$1,391$891$562$201
36 years$3,034$2,014$1,301$821$509$175
37 years$2,919$1,913$1,218$756$461$153
38 years$2,811$1,818$1,140$697$418$134
39 years$2,708$1,729$1,068$643$379$117
40 years$2,611$1,645$1,001$593$344$102
41 years$2,519$1,566$939$547$312$90
42 years$2,432$1,491$881$505$283$78
43 years$2,349$1,421$826$466$257$68
44 years$2,269$1,354$776$430$233$60
45 years$2,194$1,292$728$397$212$52
46 years$2,122$1,232$684$367$192$46
47 years$2,053$1,176$643$339$175$40
48 years$1,988$1,122$604$313$159$35
49 years$1,925$1,072$568$290$144$31
50 years$1,865$1,024$534$268$131$27

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 $3,395 every year, while hoping to spend $46,430 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: 54/28/18 Blend
57$1,910,000$1,910,000$1,910,000$1,910,000
58$2,108,322$2,007,092$1,977,487$2,211,753
59$2,273,970$2,056,038$1,994,332$2,331,796
60$2,454,957$2,105,827$2,010,184$2,457,187
61$2,652,800$2,156,450$2,024,963$2,592,658
62$2,869,168$2,207,898$2,038,581$2,739,183
63$3,105,897$2,260,159$2,050,948$2,897,834
64$3,365,011$2,313,219$2,061,967$3,069,794
65$3,648,737$2,367,062$2,071,538$3,256,365
66$3,959,529$2,421,668$2,079,555$3,458,981
67$4,300,088$2,477,017$2,085,907$3,679,225
68$4,673,390$2,533,084$2,090,478$3,918,837
69$5,082,712$2,589,841$2,093,145$4,179,737
70$5,531,662$2,647,257$2,093,779$4,464,039
71$6,024,216$2,705,298$2,092,246$4,774,075
72$6,564,754$2,763,924$2,088,403$5,112,411
73$7,158,097$2,823,095$2,082,103$5,481,880
74$7,809,559$2,882,763$2,073,189$5,885,599
75$8,524,992$2,942,876$2,061,499$6,327,006
76$9,310,843$3,003,379$2,046,862$6,809,890
77$10,174,215$3,064,211$2,029,097$7,338,425
78$11,122,931$3,125,303$2,008,018$7,917,213
79$12,165,611$3,186,584$1,983,428$8,551,326
80$13,311,751$3,247,974$1,955,120$9,246,353
81$14,571,812$3,309,388$1,922,879$10,008,454
82$15,957,321$3,370,732$1,886,480$10,844,420
83$17,480,976$3,431,906$1,845,685$11,761,733
84$19,156,768$3,492,802$1,800,248$12,768,642
85$21,000,112$3,553,303$1,749,910$13,874,238
86$23,027,992$3,613,283$1,694,400$15,088,540
87$25,259,120$3,672,607$1,633,436$16,422,593
88$27,714,115$3,731,129$1,566,721$17,888,567
89$30,415,694$3,788,694$1,493,945$19,499,878
90$33,388,889$3,845,134$1,414,786$21,271,314
91$36,661,279$3,900,269$1,328,905$23,219,170
92$40,263,255$3,953,908$1,235,949$25,361,411
93$44,228,302$4,005,844$1,135,549$27,717,832
94$48,593,318$4,055,859$1,027,318$30,310,256
95$53,398,957$4,103,717$910,854$33,162,731
96$58,690,018$4,149,167$785,736$36,301,766
97$64,515,866$4,191,942$651,523$39,756,574
98$70,930,893$4,231,756$507,758$43,559,357
99$77,995,037$4,268,305$353,961$47,745,602
100$85,774,343$4,301,264$189,631$52,354,424