Can I retire at age 58 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$75,147$74,478$73,825$73,187$72,565$70,355
2 years$37,201$36,509$35,837$35,186$34,555$32,347
3 years$24,555$23,859$23,189$22,544$21,923$19,787
4 years$18,232$17,539$16,876$16,242$15,636$13,588
5 years$14,440$13,751$13,096$12,475$11,886$9,931
6 years$11,913$11,228$10,584$9,977$9,405$7,546
7 years$10,108$9,430$8,795$8,202$7,649$5,885
8 years$8,755$8,083$7,459$6,881$6,345$4,675
9 years$7,704$7,038$6,424$5,861$5,344$3,766
10 years$6,863$6,203$5,601$5,052$4,553$3,066
11 years$6,175$5,522$4,931$4,397$3,916$2,516
12 years$5,603$4,957$4,376$3,857$3,393$2,078
13 years$5,119$4,479$3,910$3,405$2,959$1,725
14 years$4,704$4,072$3,513$3,022$2,594$1,438
15 years$4,345$3,719$3,172$2,695$2,284$1,203
16 years$4,032$3,413$2,876$2,413$2,019$1,009
17 years$3,755$3,143$2,617$2,168$1,790$848
18 years$3,510$2,904$2,389$1,954$1,591$715
19 years$3,290$2,692$2,187$1,766$1,418$603
20 years$3,093$2,501$2,007$1,599$1,267$510
21 years$2,915$2,330$1,846$1,451$1,134$431
22 years$2,753$2,175$1,701$1,320$1,016$365
23 years$2,605$2,034$1,571$1,202$912$309
24 years$2,470$1,906$1,453$1,096$820$262
25 years$2,346$1,788$1,346$1,001$738$222
26 years$2,232$1,681$1,248$915$665$189
27 years$2,126$1,582$1,159$838$599$160
28 years$2,028$1,491$1,077$768$541$136
29 years$1,937$1,406$1,003$704$488$116
30 years$1,852$1,328$934$646$441$98
31 years$1,773$1,255$871$593$399$84
32 years$1,699$1,188$812$545$361$71
33 years$1,630$1,125$758$501$326$60
34 years$1,564$1,066$709$461$296$51
35 years$1,503$1,011$662$425$268$44
36 years$1,445$960$620$391$243$37
37 years$1,391$912$580$360$220$32
38 years$1,339$866$543$332$199$27
39 years$1,290$824$509$306$181$23
40 years$1,244$784$477$283$164$19
41 years$1,200$746$447$261$149$17
42 years$1,159$711$420$241$135$14
43 years$1,119$677$394$222$122$12
44 years$1,081$645$370$205$111$10
45 years$1,045$615$347$189$101$9
46 years$1,011$587$326$175$92$7
47 years$978$560$306$162$83$6
48 years$947$535$288$149$76$5
49 years$917$511$270$138$69$5
50 years$888$488$254$128$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $910,000, adding $4,795 every year, while hoping to spend $32,230 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: 49/38/13 Blend
57$910,000$910,000$910,000$910,000
58$1,007,766$959,536$945,431$1,053,326
59$1,076,266$972,261$942,811$1,097,898
60$1,150,672$984,529$939,022$1,142,536
61$1,231,554$996,284$933,992$1,190,302
62$1,319,536$1,007,466$927,645$1,241,498
63$1,415,307$1,018,010$919,899$1,296,462
64$1,519,623$1,027,847$910,671$1,355,561
65$1,633,319$1,036,906$899,872$1,419,207
66$1,757,310$1,045,107$887,411$1,487,849
67$1,892,607$1,052,368$873,190$1,561,988
68$2,040,319$1,058,600$857,108$1,642,174
69$2,201,669$1,063,710$839,059$1,729,017
70$2,378,005$1,067,597$818,933$1,823,187
71$2,570,807$1,070,155$796,613$1,925,428
72$2,781,708$1,071,271$771,978$2,036,560
73$3,012,504$1,070,825$744,901$2,157,488
74$3,265,174$1,068,690$715,250$2,289,211
75$3,541,896$1,064,730$682,885$2,432,834
76$3,845,070$1,058,802$647,662$2,589,576
77$4,177,337$1,050,753$609,428$2,760,781
78$4,541,607$1,040,422$568,026$2,947,937
79$4,941,086$1,027,638$523,290$3,152,683
80$5,379,303$1,012,218$475,046$3,376,830
81$5,860,146$993,971$423,115$3,622,376
82$6,387,898$972,693$367,306$3,891,527
83$6,967,276$948,168$307,424$4,186,719
84$7,603,478$920,167$243,262$4,510,638
85$8,302,226$888,448$174,604$4,866,251
86$9,069,827$852,756$101,227$5,256,831
87$9,913,227$812,820$22,897$5,685,989
88$10,840,080$768,352$0$6,157,711
89$11,858,817$719,050$0$6,684,813
90$12,978,727$664,593$0$7,267,666
91$14,210,041$604,643$0$7,908,480
92$15,564,036$538,841$0$8,613,201
93$17,053,132$466,808$0$9,388,385
94$18,691,015$388,145$0$10,241,262
95$20,492,763$302,429$0$11,179,806
96$22,474,991$209,215$0$12,212,810
97$24,656,003$108,029$0$13,349,969
98$27,055,968$0$0$14,601,976
99$29,697,109$0$0$15,981,301
100$32,603,911$0$0$17,549,198