Can I retire at age 58 with 909,000?

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 $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%19.8%
1 years$75,064$74,396$73,743$73,107$72,485$69,637
2 years$37,161$36,468$35,798$35,147$34,517$31,682
3 years$24,528$23,833$23,164$22,519$21,899$19,167
4 years$18,212$17,519$16,857$16,224$15,618$13,010
5 years$14,424$13,735$13,082$12,462$11,873$9,395
6 years$11,900$11,216$10,572$9,966$9,395$7,048
7 years$10,097$9,419$8,785$8,193$7,640$5,425
8 years$8,746$8,074$7,451$6,873$6,338$4,252
9 years$7,695$7,030$6,417$5,854$5,338$3,377
10 years$6,855$6,196$5,595$5,047$4,548$2,709
11 years$6,169$5,516$4,926$4,392$3,912$2,190
12 years$5,597$4,951$4,371$3,852$3,390$1,782
13 years$5,113$4,474$3,905$3,401$2,956$1,456
14 years$4,699$4,067$3,509$3,019$2,591$1,195
15 years$4,341$3,715$3,168$2,692$2,281$983
16 years$4,027$3,409$2,872$2,411$2,016$811
17 years$3,751$3,139$2,614$2,166$1,788$670
18 years$3,506$2,901$2,386$1,952$1,590$555
19 years$3,286$2,689$2,184$1,764$1,417$460
20 years$3,089$2,498$2,005$1,598$1,266$382
21 years$2,911$2,327$1,844$1,450$1,133$318
22 years$2,750$2,172$1,699$1,318$1,015$264
23 years$2,602$2,032$1,569$1,201$911$220
24 years$2,467$1,904$1,451$1,095$819$183
25 years$2,344$1,786$1,344$1,000$737$152
26 years$2,229$1,679$1,247$914$664$127
27 years$2,124$1,580$1,158$837$599$106
28 years$2,026$1,489$1,076$767$540$88
29 years$1,935$1,405$1,001$703$488$74
30 years$1,850$1,326$933$645$441$61
31 years$1,771$1,254$870$593$398$51
32 years$1,697$1,187$811$545$360$43
33 years$1,628$1,124$758$501$326$36
34 years$1,563$1,065$708$461$295$30
35 years$1,501$1,010$662$424$267$25
36 years$1,444$959$619$391$242$21
37 years$1,389$911$579$360$220$17
38 years$1,338$865$543$332$199$14
39 years$1,289$823$508$306$181$12
40 years$1,243$783$476$282$164$10
41 years$1,199$745$447$260$149$8
42 years$1,157$710$419$240$135$7
43 years$1,118$676$393$222$122$6
44 years$1,080$645$369$205$111$5
45 years$1,044$615$347$189$101$4
46 years$1,010$586$326$175$92$3
47 years$977$560$306$161$83$3
48 years$946$534$287$149$75$2
49 years$916$510$270$138$69$2
50 years$888$487$254$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $909,000, adding $2,921 every year, while hoping to spend $20,070 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: 26/46/28 Blend
57$909,000$909,000$909,000$909,000
58$1,004,731$956,554$942,465$1,022,005
59$1,085,859$982,071$952,683$1,061,944
60$1,174,590$1,008,165$962,571$1,102,860
61$1,271,677$1,034,845$972,096$1,146,348
62$1,377,952$1,062,115$981,225$1,192,640
63$1,494,328$1,089,984$989,921$1,241,992
64$1,621,813$1,118,457$998,147$1,294,683
65$1,761,516$1,147,540$1,005,863$1,351,023
66$1,914,659$1,177,237$1,013,027$1,411,353
67$2,082,586$1,207,554$1,019,596$1,476,046
68$2,266,780$1,238,494$1,025,523$1,545,516
69$2,468,873$1,270,061$1,030,758$1,620,220
70$2,690,662$1,302,258$1,035,253$1,700,657
71$2,934,127$1,335,086$1,038,951$1,787,381
72$3,201,449$1,368,547$1,041,797$1,881,001
73$3,495,032$1,402,641$1,043,732$1,982,188
74$3,817,521$1,437,367$1,044,694$2,091,684
75$4,171,834$1,472,723$1,044,616$2,210,302
76$4,561,181$1,508,707$1,043,432$2,338,944
77$4,989,103$1,545,314$1,041,067$2,478,599
78$5,459,496$1,582,540$1,037,448$2,630,360
79$5,976,658$1,620,377$1,032,496$2,795,433
80$6,545,319$1,658,817$1,026,126$2,975,144
81$7,170,693$1,697,851$1,018,253$3,170,959
82$7,858,525$1,737,467$1,008,786$3,384,491
83$8,615,142$1,777,651$997,628$3,617,519
84$9,447,519$1,818,388$984,681$3,872,005
85$10,363,337$1,859,660$969,839$4,150,111
86$11,371,063$1,901,449$952,994$4,454,222
87$12,480,022$1,943,731$934,030$4,786,967
88$13,700,492$1,986,482$912,828$5,151,244
89$15,043,797$2,029,674$889,262$5,550,246
90$16,522,413$2,073,276$863,201$5,987,498
91$18,150,089$2,117,257$834,508$6,466,881
92$19,941,973$2,161,577$803,039$6,992,678
93$21,914,757$2,206,197$768,644$7,569,607
94$24,086,834$2,251,073$731,165$8,202,872
95$26,478,472$2,296,156$690,440$8,898,210
96$29,112,002$2,341,393$646,295$9,661,943
97$32,012,033$2,386,728$598,553$10,501,044
98$35,205,681$2,432,099$547,026$11,423,198
99$38,722,827$2,477,438$491,517$12,436,877
100$42,596,396$2,522,673$431,823$13,551,422