Can I retire at age 58 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$75,808$75,132$74,474$73,830$73,203$72,650
2 years$37,529$36,830$36,152$35,495$34,858$34,301
3 years$24,770$24,069$23,393$22,742$22,116$21,571
4 years$18,393$17,693$17,024$16,385$15,773$15,245
5 years$14,567$13,871$13,211$12,585$11,990$11,481
6 years$12,017$11,327$10,677$10,064$9,488$8,998
7 years$10,197$9,512$8,872$8,274$7,716$7,245
8 years$8,832$8,154$7,525$6,941$6,401$5,950
9 years$7,771$7,099$6,481$5,912$5,391$4,959
10 years$6,923$6,258$5,650$5,096$4,593$4,180
11 years$6,230$5,571$4,974$4,435$3,950$3,556
12 years$5,652$5,000$4,415$3,890$3,423$3,047
13 years$5,164$4,519$3,944$3,435$2,985$2,627
14 years$4,746$4,107$3,544$3,049$2,617$2,276
15 years$4,384$3,752$3,200$2,719$2,304$1,980
16 years$4,067$3,443$2,901$2,435$2,036$1,729
17 years$3,788$3,170$2,640$2,188$1,805$1,514
18 years$3,540$2,930$2,410$1,971$1,605$1,330
19 years$3,319$2,715$2,206$1,781$1,431$1,170
20 years$3,120$2,523$2,025$1,613$1,278$1,032
21 years$2,940$2,350$1,862$1,464$1,144$911
22 years$2,777$2,194$1,716$1,331$1,025$806
23 years$2,628$2,052$1,585$1,212$920$714
24 years$2,492$1,922$1,466$1,106$827$633
25 years$2,367$1,804$1,357$1,010$744$562
26 years$2,251$1,696$1,259$923$670$499
27 years$2,145$1,596$1,169$845$604$444
28 years$2,046$1,504$1,087$774$545$395
29 years$1,954$1,418$1,011$710$493$351
30 years$1,869$1,340$942$652$445$313
31 years$1,789$1,266$878$599$402$279
32 years$1,714$1,198$819$550$364$249
33 years$1,644$1,135$765$506$329$222
34 years$1,578$1,076$715$465$298$198
35 years$1,516$1,020$668$428$270$176
36 years$1,458$968$625$395$245$157
37 years$1,403$920$585$364$222$141
38 years$1,351$874$548$335$201$125
39 years$1,302$831$513$309$182$112
40 years$1,255$791$481$285$165$100
41 years$1,211$753$451$263$150$89
42 years$1,169$717$423$243$136$80
43 years$1,129$683$397$224$124$71
44 years$1,091$651$373$207$112$64
45 years$1,054$621$350$191$102$57
46 years$1,020$592$329$176$92$51
47 years$987$565$309$163$84$46
48 years$955$539$290$151$76$41
49 years$925$515$273$139$69$36
50 years$896$492$257$129$63$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $918,000, adding $2,509 every year, while hoping to spend $39,474 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: 37/39/24 Blend
57$918,000$918,000$918,000$918,000
58$1,014,224$965,570$951,341$1,044,367
59$1,075,675$970,883$941,211$1,071,977
60$1,142,071$975,133$929,418$1,097,949
61$1,213,874$978,227$915,866$1,125,219
62$1,291,594$980,065$900,452$1,153,928
63$1,375,789$980,541$883,070$1,184,235
64$1,467,075$979,542$863,608$1,216,317
65$1,566,126$976,949$841,949$1,250,372
66$1,673,687$972,636$817,970$1,286,620
67$1,790,576$966,468$791,545$1,325,309
68$1,917,692$958,302$762,539$1,366,714
69$2,056,024$947,987$730,812$1,411,141
70$2,206,663$935,362$696,218$1,458,934
71$2,370,806$920,258$658,605$1,510,474
72$2,549,771$902,494$617,811$1,566,184
73$2,745,012$881,880$573,672$1,626,538
74$2,958,124$858,214$526,011$1,692,061
75$3,190,867$831,281$474,647$1,763,337
76$3,445,177$800,855$419,389$1,841,017
77$3,723,186$766,697$360,039$1,925,822
78$4,027,238$728,553$296,388$2,018,554
79$4,359,920$686,155$228,220$2,120,102
80$4,724,075$639,220$155,308$2,231,455
81$5,122,836$587,447$77,416$2,353,710
82$5,559,653$530,520$0$2,488,081
83$6,038,325$468,103$0$2,637,380
84$6,563,038$399,843$0$2,822,890
85$7,138,398$325,366$0$3,026,492
86$7,769,481$244,276$0$3,250,092
87$8,461,879$156,156$0$3,495,800
88$9,221,749$60,565$0$3,765,945
89$10,055,873$0$0$4,063,101
90$10,971,723$0$0$4,408,551
91$11,977,529$0$0$4,816,609
92$13,082,359$0$0$5,264,979
93$14,296,199$0$0$5,757,729
94$15,630,054$0$0$6,299,346
95$17,096,044$0$0$6,894,769
96$18,707,525$0$0$7,549,441
97$20,479,209$0$0$8,269,359
98$22,427,306$0$0$9,061,130
99$24,569,674$0$0$9,932,032
100$26,925,988$0$0$10,890,087