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%11.7%
1 years$159,378$157,958$156,573$155,221$153,901$152,803
2 years$78,900$77,430$76,006$74,625$73,286$72,179
3 years$52,077$50,602$49,181$47,813$46,496$45,414
4 years$38,669$37,198$35,791$34,447$33,161$32,113
5 years$30,626$29,163$27,775$26,458$25,209$24,196
6 years$25,265$23,814$22,447$21,159$19,947$18,972
7 years$21,438$19,999$18,653$17,396$16,222$15,286
8 years$18,569$17,143$15,819$14,593$13,458$12,560
9 years$16,339$14,926$13,625$12,430$11,333$10,474
10 years$14,555$13,156$11,879$10,715$9,657$8,834
11 years$13,097$11,712$10,458$9,325$8,305$7,520
12 years$11,883$10,512$9,281$8,179$7,197$6,448
13 years$10,857$9,500$8,292$7,221$6,276$5,563
14 years$9,977$8,635$7,451$6,410$5,501$4,823
15 years$9,216$7,889$6,727$5,717$4,844$4,199
16 years$8,551$7,238$6,099$5,119$4,281$3,669
17 years$7,964$6,666$5,550$4,599$3,796$3,215
18 years$7,443$6,159$5,066$4,145$3,375$2,825
19 years$6,978$5,708$4,638$3,745$3,008$2,488
20 years$6,559$5,305$4,256$3,392$2,687$2,196
21 years$6,181$4,941$3,915$3,078$2,405$1,941
22 years$5,838$4,612$3,608$2,799$2,155$1,718
23 years$5,525$4,314$3,332$2,549$1,935$1,523
24 years$5,239$4,042$3,081$2,325$1,739$1,351
25 years$4,976$3,793$2,854$2,123$1,565$1,200
26 years$4,733$3,565$2,647$1,941$1,410$1,067
27 years$4,509$3,355$2,458$1,777$1,271$949
28 years$4,302$3,161$2,285$1,628$1,147$845
29 years$4,108$2,982$2,126$1,493$1,035$753
30 years$3,929$2,816$1,980$1,370$936$671
31 years$3,761$2,662$1,846$1,258$846$598
32 years$3,604$2,519$1,723$1,157$765$534
33 years$3,456$2,386$1,608$1,064$692$476
34 years$3,318$2,261$1,503$979$627$425
35 years$3,188$2,145$1,405$901$568$380
36 years$3,065$2,036$1,314$830$515$339
37 years$2,950$1,933$1,230$764$466$303
38 years$2,840$1,837$1,152$705$423$271
39 years$2,737$1,747$1,079$650$383$242
40 years$2,639$1,662$1,012$599$348$216
41 years$2,546$1,582$949$553$315$194
42 years$2,457$1,507$890$510$286$173
43 years$2,373$1,436$835$471$260$155
44 years$2,293$1,369$784$435$236$138
45 years$2,217$1,305$736$402$214$124
46 years$2,144$1,245$691$371$194$111
47 years$2,075$1,188$649$343$176$99
48 years$2,008$1,134$610$317$160$89
49 years$1,945$1,083$574$293$146$79
50 years$1,884$1,035$539$271$132$71

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 $3,009 every year, while hoping to spend $51,746 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: 67/11/22 Blend
57$1,930,000$1,930,000$1,930,000$1,930,000
58$2,129,964$2,027,674$1,997,759$2,260,589
59$2,292,163$2,071,972$2,009,626$2,392,874
60$2,469,172$2,116,707$2,020,157$2,531,264
61$2,662,447$2,161,846$2,029,252$2,681,388
62$2,873,590$2,207,350$2,036,806$2,844,402
63$3,104,367$2,253,181$2,042,710$3,021,579
64$3,356,720$2,299,294$2,046,848$3,214,322
65$3,632,788$2,345,642$2,049,099$3,424,178
66$3,934,925$2,392,171$2,049,337$3,652,851
67$4,265,726$2,438,826$2,047,428$3,902,218
68$4,628,045$2,485,544$2,043,233$4,174,351
69$5,025,029$2,532,259$2,036,604$4,471,528
70$5,460,140$2,578,897$2,027,388$4,796,266
71$5,937,192$2,625,382$2,015,424$5,151,335
72$6,460,388$2,671,628$2,000,543$5,539,788
73$7,034,355$2,717,544$1,982,568$5,964,992
74$7,664,188$2,763,033$1,961,314$6,430,657
75$8,355,503$2,807,990$1,936,585$6,940,872
76$9,114,484$2,852,300$1,908,180$7,500,143
77$9,947,942$2,895,844$1,875,885$8,113,438
78$10,863,382$2,938,490$1,839,477$8,786,233
79$11,869,071$2,980,100$1,798,723$9,524,562
80$12,974,115$3,020,524$1,753,379$10,335,076
81$14,188,547$3,059,601$1,703,190$11,225,107
82$15,523,420$3,097,163$1,647,888$12,202,736
83$16,990,910$3,133,026$1,587,194$13,276,868
84$18,604,434$3,166,995$1,520,816$14,457,321
85$20,378,771$3,198,863$1,448,448$15,754,913
86$22,330,207$3,228,408$1,369,772$17,181,572
87$24,476,682$3,255,394$1,284,453$18,750,440
88$26,837,964$3,279,569$1,192,143$20,476,006
89$29,435,835$3,300,666$1,092,478$22,374,236
90$32,294,290$3,318,399$985,076$24,462,731
91$35,439,772$3,332,465$869,541$26,760,888
92$38,901,414$3,342,541$745,456$29,290,086
93$42,711,318$3,348,285$612,388$32,073,889
94$46,904,853$3,349,332$469,884$35,138,267
95$51,520,994$3,345,295$317,471$38,511,845
96$56,602,684$3,335,763$154,655$42,226,170
97$62,197,243$3,320,301$0$46,316,014
98$68,356,812$3,298,445$0$50,824,182
99$75,138,843$3,269,705$0$55,827,460
100$82,606,644$3,233,560$0$61,336,189