Can I retire at age 58 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$75,230$74,559$73,906$73,268$72,644$71,236
2 years$37,242$36,549$35,877$35,225$34,593$33,179
3 years$24,582$23,885$23,214$22,569$21,947$20,573
4 years$18,252$17,558$16,894$16,260$15,653$14,329
5 years$14,456$13,766$13,111$12,489$11,899$10,628
6 years$11,926$11,241$10,595$9,987$9,415$8,200
7 years$10,119$9,440$8,805$8,211$7,657$6,497
8 years$8,765$8,092$7,467$6,888$6,352$5,247
9 years$7,712$7,045$6,431$5,867$5,350$4,298
10 years$6,870$6,210$5,607$5,058$4,558$3,560
11 years$6,182$5,529$4,936$4,402$3,920$2,974
12 years$5,609$4,962$4,381$3,861$3,397$2,502
13 years$5,125$4,484$3,914$3,409$2,962$2,117
14 years$4,710$4,076$3,517$3,026$2,597$1,799
15 years$4,350$3,724$3,175$2,698$2,286$1,534
16 years$4,036$3,416$2,879$2,416$2,021$1,313
17 years$3,759$3,146$2,620$2,171$1,792$1,127
18 years$3,513$2,907$2,391$1,956$1,593$969
19 years$3,294$2,694$2,189$1,768$1,420$835
20 years$3,096$2,504$2,009$1,601$1,268$721
21 years$2,918$2,332$1,848$1,453$1,135$623
22 years$2,756$2,177$1,703$1,321$1,017$539
23 years$2,608$2,036$1,573$1,203$913$467
24 years$2,473$1,908$1,454$1,097$821$405
25 years$2,349$1,790$1,347$1,002$739$351
26 years$2,234$1,683$1,249$916$665$305
27 years$2,128$1,584$1,160$839$600$265
28 years$2,030$1,492$1,078$768$541$230
29 years$1,939$1,408$1,004$705$489$200
30 years$1,854$1,329$935$647$442$174
31 years$1,775$1,257$872$594$399$151
32 years$1,701$1,189$813$546$361$132
33 years$1,631$1,126$759$502$327$115
34 years$1,566$1,067$709$462$296$100
35 years$1,505$1,012$663$425$268$87
36 years$1,447$961$620$392$243$76
37 years$1,392$913$581$361$220$66
38 years$1,341$867$544$333$200$57
39 years$1,292$825$509$307$181$50
40 years$1,245$785$478$283$164$44
41 years$1,202$747$448$261$149$38
42 years$1,160$711$420$241$135$33
43 years$1,120$678$394$222$123$29
44 years$1,082$646$370$205$111$25
45 years$1,046$616$347$190$101$22
46 years$1,012$588$326$175$92$19
47 years$979$561$307$162$83$17
48 years$948$535$288$149$76$15
49 years$918$511$271$138$69$13
50 years$889$488$255$128$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $911,000, adding $3,818 every year, while hoping to spend $48,027 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: 39/32/29 Blend
57$911,000$911,000$911,000$911,000
58$1,007,860$959,577$945,457$1,038,380
59$1,059,562$955,496$926,029$1,056,995
60$1,114,927$949,605$904,341$1,072,417
61$1,174,279$941,766$880,266$1,088,186
62$1,237,973$931,829$853,672$1,104,366
63$1,306,396$919,639$824,420$1,121,029
64$1,379,977$905,030$792,367$1,138,260
65$1,459,183$887,824$757,359$1,156,156
66$1,544,529$867,837$719,240$1,174,828
67$1,636,580$844,871$677,844$1,194,404
68$1,735,958$818,716$632,999$1,215,029
69$1,843,344$789,152$584,523$1,236,867
70$1,959,489$755,944$532,228$1,260,106
71$2,085,217$718,845$475,918$1,284,958
72$2,221,433$677,593$415,385$1,311,663
73$2,369,135$631,910$350,416$1,340,492
74$2,529,417$581,504$280,785$1,371,751
75$2,703,484$526,065$206,258$1,405,782
76$2,892,663$465,266$126,591$1,442,973
77$3,098,411$398,760$41,528$1,483,758
78$3,322,332$326,182$0$1,528,623
79$3,566,191$247,146$0$1,593,354
80$3,831,931$161,245$0$1,678,026
81$4,121,689$68,047$0$1,770,550
82$4,437,817$0$0$1,871,782
83$4,782,906$0$0$1,994,260
84$5,159,806$0$0$2,154,311
85$5,571,654$0$0$2,329,322
86$6,021,905$0$0$2,520,776
87$6,514,363$0$0$2,730,304
88$7,053,216$0$0$2,959,705
89$7,643,075$0$0$3,210,958
90$8,289,018$0$0$3,486,244
91$8,996,638$0$0$3,787,964
92$9,772,092$0$0$4,118,763
93$10,622,163$0$0$4,481,552
94$11,554,321$0$0$4,879,540
95$12,576,793$0$0$5,316,260
96$13,698,640$0$0$5,795,605
97$14,929,846$0$0$6,321,861
98$16,281,403$0$0$6,899,750
99$17,765,424$0$0$7,534,476
100$19,395,249$0$0$8,231,769