Can I retire at age 58 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$75,064$74,396$73,743$73,107$72,485$70,362
2 years$37,161$36,468$35,798$35,147$34,517$32,395
3 years$24,528$23,833$23,164$22,519$21,899$19,845
4 years$18,212$17,519$16,857$16,224$15,618$13,648
5 years$14,424$13,735$13,082$12,462$11,873$9,992
6 years$11,900$11,216$10,572$9,966$9,395$7,604
7 years$10,097$9,419$8,785$8,193$7,640$5,940
8 years$8,746$8,074$7,451$6,873$6,338$4,728
9 years$7,695$7,030$6,417$5,854$5,338$3,815
10 years$6,855$6,196$5,595$5,047$4,548$3,111
11 years$6,169$5,516$4,926$4,392$3,912$2,558
12 years$5,597$4,951$4,371$3,852$3,390$2,117
13 years$5,113$4,474$3,905$3,401$2,956$1,761
14 years$4,699$4,067$3,509$3,019$2,591$1,471
15 years$4,341$3,715$3,168$2,692$2,281$1,233
16 years$4,027$3,409$2,872$2,411$2,016$1,037
17 years$3,751$3,139$2,614$2,166$1,788$874
18 years$3,506$2,901$2,386$1,952$1,590$738
19 years$3,286$2,689$2,184$1,764$1,417$624
20 years$3,089$2,498$2,005$1,598$1,266$528
21 years$2,911$2,327$1,844$1,450$1,133$448
22 years$2,750$2,172$1,699$1,318$1,015$380
23 years$2,602$2,032$1,569$1,201$911$323
24 years$2,467$1,904$1,451$1,095$819$274
25 years$2,344$1,786$1,344$1,000$737$233
26 years$2,229$1,679$1,247$914$664$199
27 years$2,124$1,580$1,158$837$599$169
28 years$2,026$1,489$1,076$767$540$144
29 years$1,935$1,405$1,001$703$488$123
30 years$1,850$1,326$933$645$441$104
31 years$1,771$1,254$870$593$398$89
32 years$1,697$1,187$811$545$360$76
33 years$1,628$1,124$758$501$326$65
34 years$1,563$1,065$708$461$295$55
35 years$1,501$1,010$662$424$267$47
36 years$1,444$959$619$391$242$40
37 years$1,389$911$579$360$220$34
38 years$1,338$865$543$332$199$29
39 years$1,289$823$508$306$181$25
40 years$1,243$783$476$282$164$21
41 years$1,199$745$447$260$149$18
42 years$1,157$710$419$240$135$15
43 years$1,118$676$393$222$122$13
44 years$1,080$645$369$205$111$11
45 years$1,044$615$347$189$101$10
46 years$1,010$586$326$175$92$8
47 years$977$560$306$161$83$7
48 years$946$534$287$149$75$6
49 years$916$510$270$138$69$5
50 years$888$487$254$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $909,000, adding $6,842 every year, while hoping to spend $39,199 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: 27/47/26 Blend
57$909,000$909,000$909,000$909,000
58$1,008,776$960,599$946,509$1,027,673
59$1,069,963$965,960$936,510$1,048,726
60$1,136,078$970,271$924,861$1,067,471
61$1,207,582$973,438$911,468$1,086,789
62$1,284,981$975,362$896,228$1,106,755
63$1,368,833$975,939$879,035$1,127,454
64$1,459,750$975,057$859,780$1,148,985
65$1,558,407$972,597$838,345$1,171,458
66$1,665,545$968,434$814,609$1,194,999
67$1,781,978$962,435$788,446$1,219,751
68$1,908,604$954,458$759,723$1,245,876
69$2,046,408$944,353$728,301$1,273,556
70$2,196,477$931,962$694,034$1,302,997
71$2,360,006$917,116$656,772$1,334,430
72$2,538,308$899,636$616,355$1,368,117
73$2,732,830$879,334$572,619$1,404,349
74$2,945,166$856,008$525,389$1,443,457
75$3,177,068$829,448$474,484$1,485,807
76$3,430,467$799,428$419,717$1,531,814
77$3,707,486$765,711$360,889$1,581,939
78$4,010,464$728,047$297,794$1,636,700
79$4,341,979$686,168$230,217$1,696,673
80$4,704,865$639,794$157,933$1,762,504
81$5,102,245$588,629$80,709$1,834,912
82$5,537,560$532,357$0$1,914,701
83$6,014,595$470,646$0$2,003,238
84$6,537,522$403,146$0$2,124,971
85$7,110,934$329,486$0$2,258,670
86$7,739,893$249,274$0$2,405,647
87$8,429,970$162,096$0$2,567,356
88$9,187,304$67,516$0$2,745,406
89$10,018,656$0$0$2,941,583
90$10,931,476$0$0$3,175,924
91$11,933,966$0$0$3,471,792
92$13,035,167$0$0$3,796,953
93$14,245,034$0$0$4,154,369
94$15,574,536$0$0$4,547,300
95$17,035,757$0$0$4,979,339
96$18,642,010$0$0$5,454,445
97$20,407,963$0$0$5,976,979
98$22,349,773$0$0$6,551,746
99$24,485,244$0$0$7,184,041
100$26,833,990$0$0$7,879,696