Can I retire at age 58 with 905,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$74,734$74,068$73,419$72,785$72,166$71,235
2 years$36,997$36,308$35,640$34,993$34,365$33,428
3 years$24,420$23,728$23,062$22,420$21,802$20,889
4 years$18,132$17,442$16,783$16,152$15,550$14,667
5 years$14,361$13,675$13,024$12,407$11,821$10,971
6 years$11,847$11,167$10,526$9,922$9,353$8,537
7 years$10,053$9,378$8,747$8,157$7,607$6,825
8 years$8,707$8,038$7,418$6,843$6,310$5,563
9 years$7,661$6,999$6,389$5,829$5,314$4,601
10 years$6,825$6,169$5,570$5,024$4,528$3,849
11 years$6,141$5,492$4,904$4,373$3,894$3,248
12 years$5,572$4,929$4,352$3,835$3,375$2,760
13 years$5,091$4,455$3,888$3,386$2,943$2,360
14 years$4,678$4,049$3,494$3,006$2,580$2,027
15 years$4,322$3,699$3,154$2,681$2,271$1,748
16 years$4,009$3,394$2,860$2,400$2,007$1,513
17 years$3,734$3,126$2,602$2,157$1,780$1,313
18 years$3,490$2,888$2,376$1,944$1,583$1,142
19 years$3,272$2,677$2,175$1,756$1,411$996
20 years$3,076$2,487$1,996$1,591$1,260$870
21 years$2,899$2,317$1,836$1,443$1,128$761
22 years$2,738$2,163$1,692$1,312$1,011$666
23 years$2,591$2,023$1,562$1,195$907$584
24 years$2,457$1,895$1,445$1,090$815$513
25 years$2,333$1,779$1,338$996$734$451
26 years$2,220$1,672$1,241$910$661$396
27 years$2,114$1,573$1,152$833$596$349
28 years$2,017$1,482$1,071$763$538$307
29 years$1,927$1,398$997$700$486$270
30 years$1,842$1,321$929$643$439$238
31 years$1,763$1,248$866$590$397$210
32 years$1,690$1,181$808$542$359$185
33 years$1,621$1,119$754$499$325$163
34 years$1,556$1,060$705$459$294$144
35 years$1,495$1,006$659$422$266$127
36 years$1,437$955$616$389$241$112
37 years$1,383$907$577$358$219$99
38 years$1,332$862$540$330$198$88
39 years$1,283$819$506$305$180$77
40 years$1,237$779$474$281$163$68
41 years$1,194$742$445$259$148$60
42 years$1,152$707$417$239$134$53
43 years$1,113$673$392$221$122$47
44 years$1,075$642$368$204$111$42
45 years$1,040$612$345$188$100$37
46 years$1,005$584$324$174$91$33
47 years$973$557$305$161$83$29
48 years$942$532$286$149$75$25
49 years$912$508$269$137$68$22
50 years$884$485$253$127$62$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $905,000, adding $4,302 every year, while hoping to spend $39,602 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: 52/18/30 Blend
57$905,000$905,000$905,000$905,000
58$1,001,748$953,783$939,755$1,045,187
59$1,061,790$958,382$929,101$1,080,507
60$1,126,629$961,879$916,762$1,114,593
61$1,196,712$964,178$902,641$1,150,908
62$1,272,532$965,178$886,634$1,189,683
63$1,354,629$964,770$868,635$1,231,175
64$1,443,597$962,840$848,530$1,275,667
65$1,540,089$959,265$826,202$1,323,475
66$1,644,826$953,916$801,527$1,374,947
67$1,758,596$946,656$774,376$1,430,472
68$1,882,270$937,339$744,615$1,490,478
69$2,016,803$925,811$712,102$1,555,440
70$2,163,250$911,908$676,689$1,625,885
71$2,322,767$895,457$638,224$1,702,396
72$2,496,629$876,275$596,544$1,785,620
73$2,686,238$854,165$551,482$1,876,270
74$2,893,139$828,924$502,861$1,975,139
75$3,119,030$800,332$450,498$2,083,101
76$3,365,782$768,159$394,200$2,201,127
77$3,635,454$732,161$333,768$2,330,287
78$3,930,312$692,079$268,992$2,471,768
79$4,252,854$647,641$199,653$2,626,879
80$4,605,827$598,557$125,523$2,797,072
81$4,992,257$544,522$46,364$2,983,949
82$5,415,477$485,214$0$3,189,282
83$5,879,157$420,291$0$3,427,229
84$6,387,339$349,392$0$3,704,385
85$6,944,472$272,138$0$4,008,371
86$7,555,461$188,125$0$4,341,921
87$8,225,704$96,929$0$4,708,047
88$8,961,149$0$0$5,110,073
89$9,768,347$0$0$5,552,037
90$10,654,513$0$0$6,058,409
91$11,627,597$0$0$6,614,543
92$12,696,354$0$0$7,225,454
93$13,870,431$0$0$7,896,671
94$15,160,454$0$0$8,634,279
95$16,578,129$0$0$9,444,985
96$18,136,354$0$0$10,336,180
97$19,849,336$0$0$11,316,001
98$21,732,729$0$0$12,393,419
99$23,803,779$0$0$13,578,314
100$26,081,487$0$0$14,881,573