Can I retire at age 58 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$164,332$162,869$161,440$160,046$158,685$153,055
2 years$81,353$79,838$78,369$76,945$75,564$69,952
3 years$53,696$52,175$50,710$49,300$47,941$42,523
4 years$39,871$38,354$36,904$35,518$34,192$29,010
5 years$31,578$30,070$28,639$27,281$25,992$21,059
6 years$26,051$24,554$23,145$21,817$20,567$15,887
7 years$22,105$20,621$19,233$17,937$16,726$12,298
8 years$19,146$17,676$16,311$15,047$13,876$9,696
9 years$16,847$15,390$14,049$12,816$11,686$7,748
10 years$15,008$13,565$12,248$11,048$9,957$6,256
11 years$13,504$12,077$10,783$9,615$8,563$5,091
12 years$12,253$10,839$9,570$8,434$7,421$4,168
13 years$11,194$9,796$8,550$7,446$6,471$3,430
14 years$10,288$8,904$7,682$6,609$5,672$2,834
15 years$9,503$8,134$6,936$5,894$4,994$2,349
16 years$8,816$7,463$6,288$5,278$4,414$1,952
17 years$8,212$6,873$5,722$4,742$3,914$1,626
18 years$7,675$6,351$5,224$4,274$3,480$1,356
19 years$7,195$5,886$4,782$3,862$3,102$1,133
20 years$6,763$5,469$4,389$3,497$2,771$948
21 years$6,374$5,095$4,037$3,174$2,479$794
22 years$6,020$4,756$3,720$2,886$2,222$665
23 years$5,697$4,448$3,435$2,628$1,995$558
24 years$5,402$4,167$3,177$2,397$1,793$468
25 years$5,131$3,911$2,943$2,189$1,614$393
26 years$4,881$3,676$2,729$2,002$1,453$330
27 years$4,649$3,459$2,534$1,832$1,310$277
28 years$4,435$3,259$2,356$1,679$1,182$233
29 years$4,236$3,075$2,192$1,539$1,068$196
30 years$4,051$2,904$2,042$1,413$965$165
31 years$3,878$2,745$1,904$1,298$872$139
32 years$3,716$2,598$1,776$1,192$789$117
33 years$3,564$2,460$1,658$1,097$714$98
34 years$3,421$2,331$1,550$1,009$646$83
35 years$3,287$2,211$1,449$929$586$69
36 years$3,161$2,099$1,355$855$530$58
37 years$3,041$1,993$1,269$788$481$49
38 years$2,928$1,894$1,188$726$436$41
39 years$2,822$1,801$1,113$670$395$35
40 years$2,721$1,714$1,043$618$359$29
41 years$2,625$1,632$978$570$325$25
42 years$2,534$1,554$918$526$295$21
43 years$2,447$1,480$861$486$268$17
44 years$2,364$1,411$808$448$243$15
45 years$2,286$1,346$759$414$221$12
46 years$2,211$1,284$713$382$200$10
47 years$2,139$1,225$670$353$182$9
48 years$2,071$1,170$629$327$165$7
49 years$2,006$1,117$591$302$150$6
50 years$1,943$1,067$556$279$136$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,990,000, adding $3,925 every year, while hoping to spend $44,940 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: 46/32/22 Blend
57$1,990,000$1,990,000$1,990,000$1,990,000
58$2,197,029$2,091,559$2,060,714$2,284,073
59$2,373,310$2,146,229$2,081,932$2,400,239
60$2,566,065$2,202,072$2,102,354$2,521,445
61$2,776,928$2,259,098$2,121,908$2,652,033
62$3,007,697$2,317,316$2,140,513$2,792,899
63$3,260,351$2,376,733$2,158,089$2,945,031
64$3,537,070$2,437,357$2,174,549$3,109,517
65$3,840,256$2,499,192$2,189,801$3,287,556
66$4,172,552$2,562,243$2,203,750$3,480,467
67$4,536,872$2,626,512$2,216,294$3,689,705
68$4,936,421$2,691,999$2,227,329$3,916,872
69$5,374,734$2,758,705$2,236,742$4,163,732
70$5,855,700$2,826,625$2,244,417$4,432,232
71$6,383,607$2,895,755$2,250,230$4,724,514
72$6,963,175$2,966,087$2,254,052$5,042,939
73$7,599,604$3,037,611$2,255,748$5,390,111
74$8,298,624$3,110,314$2,255,177$5,768,896
75$9,066,546$3,184,181$2,252,187$6,182,455
76$9,910,322$3,259,194$2,246,624$6,634,270
77$10,837,611$3,335,331$2,238,322$7,128,180
78$11,856,851$3,412,567$2,227,110$7,668,414
79$12,977,339$3,490,871$2,212,807$8,259,635
80$14,209,316$3,570,212$2,195,224$8,906,980
81$15,564,065$3,650,552$2,174,163$9,616,112
82$17,054,019$3,731,848$2,149,417$10,393,271
83$18,692,875$3,814,054$2,120,768$11,245,335
84$20,495,723$3,897,118$2,087,988$12,179,887
85$22,479,191$3,980,981$2,050,840$13,205,280
86$24,661,599$4,065,580$2,009,074$14,330,724
87$27,063,133$4,150,844$1,962,430$15,566,370
88$29,706,035$4,236,697$1,910,633$16,923,402
89$32,614,810$4,323,055$1,853,398$18,414,153
90$35,816,460$4,409,825$1,790,427$20,052,210
91$39,340,740$4,496,907$1,721,407$21,852,552
92$43,220,433$4,584,193$1,646,012$23,831,688
93$47,491,663$4,671,564$1,563,899$26,007,812
94$52,194,235$4,758,893$1,474,712$28,400,978
95$57,372,010$4,846,041$1,378,078$31,033,290
96$63,073,317$4,932,860$1,273,606$33,929,108
97$69,351,413$5,019,188$1,160,889$37,115,283
98$76,264,980$5,104,851$1,039,501$40,621,406
99$83,878,682$5,189,662$908,999$44,480,094
100$92,263,774$5,273,422$768,917$48,727,295