Can I retire at age 58 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$74,404$73,741$73,094$72,463$71,847$69,188
2 years$36,834$36,148$35,483$34,838$34,213$31,564
3 years$24,312$23,623$22,960$22,321$21,706$19,150
4 years$18,052$17,365$16,709$16,081$15,481$13,038
5 years$14,297$13,615$12,967$12,352$11,768$9,445
6 years$11,795$11,117$10,479$9,878$9,312$7,109
7 years$10,008$9,336$8,708$8,121$7,573$5,491
8 years$8,669$8,003$7,385$6,813$6,283$4,319
9 years$7,628$6,968$6,361$5,803$5,291$3,443
10 years$6,795$6,142$5,546$5,002$4,508$2,773
11 years$6,114$5,468$4,882$4,353$3,877$2,250
12 years$5,548$4,908$4,333$3,818$3,360$1,838
13 years$5,068$4,435$3,871$3,371$2,930$1,508
14 years$4,658$4,031$3,478$2,993$2,568$1,242
15 years$4,302$3,683$3,140$2,669$2,261$1,027
16 years$3,992$3,379$2,847$2,390$1,999$851
17 years$3,718$3,112$2,591$2,147$1,772$707
18 years$3,475$2,875$2,365$1,935$1,576$588
19 years$3,258$2,665$2,165$1,748$1,404$490
20 years$3,062$2,476$1,987$1,583$1,254$408
21 years$2,886$2,307$1,828$1,437$1,123$341
22 years$2,726$2,153$1,685$1,307$1,006$285
23 years$2,579$2,014$1,555$1,190$903$238
24 years$2,446$1,887$1,438$1,085$812$199
25 years$2,323$1,771$1,332$991$731$167
26 years$2,210$1,664$1,236$906$658$140
27 years$2,105$1,566$1,147$830$593$117
28 years$2,008$1,476$1,067$760$535$98
29 years$1,918$1,392$993$697$483$82
30 years$1,834$1,315$925$640$437$69
31 years$1,756$1,243$862$587$395$58
32 years$1,682$1,176$804$540$357$48
33 years$1,614$1,114$751$496$323$41
34 years$1,549$1,056$702$457$293$34
35 years$1,488$1,001$656$421$265$28
36 years$1,431$950$614$387$240$24
37 years$1,377$903$574$357$218$20
38 years$1,326$858$538$329$197$17
39 years$1,278$816$504$303$179$14
40 years$1,232$776$472$280$162$12
41 years$1,188$739$443$258$147$10
42 years$1,147$704$415$238$134$8
43 years$1,108$670$390$220$121$7
44 years$1,071$639$366$203$110$6
45 years$1,035$609$344$187$100$5
46 years$1,001$581$323$173$91$4
47 years$969$555$303$160$82$3
48 years$938$530$285$148$75$3
49 years$908$506$268$137$68$2
50 years$880$483$252$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $901,000, adding $4,186 every year, while hoping to spend $32,224 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: 70/23/7 Blend
57$901,000$901,000$901,000$901,000
58$997,220$949,467$935,501$1,065,645
59$1,064,650$961,705$932,555$1,123,682
60$1,137,878$973,462$928,429$1,182,800
61$1,217,462$984,682$923,051$1,246,604
62$1,304,014$995,302$916,344$1,315,545
63$1,398,209$1,005,257$908,227$1,390,122
64$1,500,789$1,014,477$898,616$1,470,885
65$1,612,571$1,022,888$887,421$1,558,441
66$1,734,454$1,030,410$874,550$1,653,456
67$1,867,427$1,036,959$859,906$1,756,666
68$2,012,579$1,042,445$843,388$1,868,882
69$2,171,109$1,046,772$824,888$1,990,999
70$2,344,336$1,049,838$804,296$2,124,002
71$2,533,713$1,051,535$781,495$2,268,977
72$2,740,840$1,051,748$756,363$2,427,121
73$2,967,478$1,050,356$728,773$2,599,755
74$3,215,565$1,047,228$698,592$2,788,333
75$3,487,238$1,042,227$665,680$2,994,459
76$3,784,847$1,035,207$629,891$3,219,903
77$4,110,982$1,026,013$591,073$3,466,613
78$4,468,496$1,014,481$549,068$3,736,738
79$4,860,529$1,000,437$503,708$4,032,648
80$5,290,542$983,697$454,821$4,356,955
81$5,762,344$964,066$402,224$4,712,538
82$6,280,133$941,335$345,729$5,102,571
83$6,848,533$915,287$285,137$5,530,554
84$7,472,636$885,688$220,242$6,000,344
85$8,158,053$852,295$150,828$6,516,195
86$8,910,963$814,846$76,669$7,082,795
87$9,738,174$773,067$0$7,705,313
88$10,647,188$726,667$0$8,389,632
89$11,646,266$675,339$0$9,147,970
90$12,744,512$618,757$0$9,981,540
91$13,951,954$556,578$0$10,897,995
92$15,279,641$488,438$0$11,905,769
93$16,739,747$413,954$0$13,014,163
94$18,345,684$332,720$0$14,233,422
95$20,112,228$244,308$0$15,574,844
96$22,055,662$148,266$0$17,050,878
97$24,193,923$44,114$0$18,675,247
98$26,546,777$0$0$20,463,077
99$29,136,002$0$0$22,448,412
100$31,985,594$0$0$24,645,734