Can I retire at age 58 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$159,378$157,958$156,573$155,221$153,901$151,601
2 years$78,900$77,430$76,006$74,625$73,286$70,974
3 years$52,077$50,602$49,181$47,813$46,496$44,244
4 years$38,669$37,198$35,791$34,447$33,161$30,986
5 years$30,626$29,163$27,775$26,458$25,209$23,117
6 years$25,265$23,814$22,447$21,159$19,947$17,941
7 years$21,438$19,999$18,653$17,396$16,222$14,303
8 years$18,569$17,143$15,819$14,593$13,458$11,626
9 years$16,339$14,926$13,625$12,430$11,333$9,587
10 years$14,555$13,156$11,879$10,715$9,657$7,994
11 years$13,097$11,712$10,458$9,325$8,305$6,725
12 years$11,883$10,512$9,281$8,179$7,197$5,697
13 years$10,857$9,500$8,292$7,221$6,276$4,855
14 years$9,977$8,635$7,451$6,410$5,501$4,156
15 years$9,216$7,889$6,727$5,717$4,844$3,572
16 years$8,551$7,238$6,099$5,119$4,281$3,081
17 years$7,964$6,666$5,550$4,599$3,796$2,664
18 years$7,443$6,159$5,066$4,145$3,375$2,310
19 years$6,978$5,708$4,638$3,745$3,008$2,006
20 years$6,559$5,305$4,256$3,392$2,687$1,746
21 years$6,181$4,941$3,915$3,078$2,405$1,521
22 years$5,838$4,612$3,608$2,799$2,155$1,327
23 years$5,525$4,314$3,332$2,549$1,935$1,160
24 years$5,239$4,042$3,081$2,325$1,739$1,014
25 years$4,976$3,793$2,854$2,123$1,565$887
26 years$4,733$3,565$2,647$1,941$1,410$777
27 years$4,509$3,355$2,458$1,777$1,271$681
28 years$4,302$3,161$2,285$1,628$1,147$597
29 years$4,108$2,982$2,126$1,493$1,035$524
30 years$3,929$2,816$1,980$1,370$936$460
31 years$3,761$2,662$1,846$1,258$846$404
32 years$3,604$2,519$1,723$1,157$765$354
33 years$3,456$2,386$1,608$1,064$692$311
34 years$3,318$2,261$1,503$979$627$274
35 years$3,188$2,145$1,405$901$568$240
36 years$3,065$2,036$1,314$830$515$211
37 years$2,950$1,933$1,230$764$466$186
38 years$2,840$1,837$1,152$705$423$163
39 years$2,737$1,747$1,079$650$383$144
40 years$2,639$1,662$1,012$599$348$126
41 years$2,546$1,582$949$553$315$111
42 years$2,457$1,507$890$510$286$98
43 years$2,373$1,436$835$471$260$86
44 years$2,293$1,369$784$435$236$76
45 years$2,217$1,305$736$402$214$67
46 years$2,144$1,245$691$371$194$59
47 years$2,075$1,188$649$343$176$52
48 years$2,008$1,134$610$317$160$45
49 years$1,945$1,083$574$293$146$40
50 years$1,884$1,035$539$271$132$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,930,000, adding $3,899 every year, while hoping to spend $43,102 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: 83/12/5 Blend
57$1,930,000$1,930,000$1,930,000$1,930,000
58$2,130,882$2,028,592$1,998,677$2,307,302
59$2,302,372$2,082,133$2,019,772$2,476,587
60$2,489,909$2,136,852$2,040,130$2,656,193
61$2,695,084$2,192,763$2,059,679$2,852,045
62$2,919,651$2,249,877$2,078,347$3,065,743
63$3,165,538$2,308,203$2,096,054$3,299,049
64$3,434,870$2,367,752$2,112,719$3,553,904
65$3,729,987$2,428,533$2,128,255$3,832,445
66$4,053,466$2,490,551$2,142,572$4,137,026
67$4,408,145$2,553,813$2,155,574$4,470,237
68$4,797,150$2,618,324$2,167,159$4,834,935
69$5,223,924$2,684,086$2,177,223$5,234,262
70$5,692,258$2,751,101$2,185,655$5,671,682
71$6,206,331$2,819,367$2,192,337$6,151,010
72$6,770,743$2,888,883$2,197,147$6,676,447
73$7,390,564$2,959,643$2,199,956$7,252,624
74$8,071,376$3,031,640$2,200,629$7,884,639
75$8,819,330$3,104,864$2,199,024$8,578,110
76$9,641,204$3,179,304$2,194,993$9,339,225
77$10,544,460$3,254,944$2,188,379$10,174,804
78$11,537,325$3,331,766$2,179,019$11,092,356
79$12,628,857$3,409,747$2,166,741$12,100,159
80$13,829,040$3,488,864$2,151,366$13,207,331
81$15,148,870$3,569,087$2,132,705$14,423,916
82$16,600,465$3,650,382$2,110,561$15,760,985
83$18,197,174$3,732,713$2,084,727$17,230,732
84$19,953,708$3,816,037$2,054,987$18,846,595
85$21,886,270$3,900,308$2,021,113$20,623,380
86$24,012,719$3,985,472$1,982,870$22,577,400
87$26,352,728$4,071,471$1,940,007$24,726,631
88$28,927,975$4,158,242$1,892,266$27,090,879
89$31,762,346$4,245,714$1,839,375$29,691,971
90$34,882,160$4,333,809$1,781,049$32,553,953
91$38,316,417$4,422,443$1,716,991$35,703,326
92$42,097,072$4,511,522$1,646,890$39,169,289
93$46,259,332$4,600,946$1,570,420$42,984,019
94$50,841,997$4,690,605$1,487,242$47,182,969
95$55,887,816$4,780,380$1,397,000$51,805,210
96$61,443,897$4,870,142$1,299,323$56,893,793
97$67,562,146$4,959,751$1,193,823$62,496,160
98$74,299,763$5,049,057$1,080,094$68,664,586
99$81,719,775$5,137,897$957,713$75,456,680
100$89,891,633$5,226,095$826,237$82,935,920