Can I retire at age 58 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$75,890$75,214$74,555$73,911$73,282$70,993
2 years$37,569$36,870$36,192$35,534$34,896$32,611
3 years$24,797$24,095$23,418$22,767$22,140$19,929
4 years$18,413$17,712$17,043$16,402$15,790$13,671
5 years$14,583$13,887$13,226$12,599$12,003$9,982
6 years$12,031$11,339$10,688$10,075$9,498$7,576
7 years$10,208$9,523$8,882$8,283$7,724$5,902
8 years$8,842$8,163$7,533$6,949$6,408$4,683
9 years$7,780$7,107$6,488$5,919$5,397$3,768
10 years$6,931$6,265$5,656$5,102$4,598$3,063
11 years$6,236$5,577$4,980$4,440$3,955$2,510
12 years$5,658$5,006$4,419$3,895$3,427$2,071
13 years$5,170$4,524$3,948$3,438$2,988$1,717
14 years$4,751$4,112$3,548$3,052$2,620$1,429
15 years$4,388$3,756$3,203$2,722$2,306$1,194
16 years$4,072$3,446$2,904$2,437$2,038$1,000
17 years$3,792$3,174$2,643$2,190$1,807$840
18 years$3,544$2,933$2,412$1,974$1,607$706
19 years$3,323$2,718$2,208$1,783$1,432$595
20 years$3,123$2,526$2,027$1,615$1,279$502
21 years$2,943$2,353$1,864$1,466$1,145$424
22 years$2,780$2,196$1,718$1,333$1,026$358
23 years$2,631$2,054$1,586$1,214$921$303
24 years$2,495$1,924$1,467$1,107$828$257
25 years$2,369$1,806$1,359$1,011$745$217
26 years$2,254$1,697$1,260$924$671$184
27 years$2,147$1,597$1,170$846$605$156
28 years$2,048$1,505$1,088$775$546$132
29 years$1,956$1,420$1,012$711$493$112
30 years$1,871$1,341$943$652$446$95
31 years$1,791$1,268$879$599$403$81
32 years$1,716$1,200$820$551$364$69
33 years$1,646$1,136$766$506$330$58
34 years$1,580$1,077$716$466$299$49
35 years$1,518$1,021$669$429$270$42
36 years$1,460$969$626$395$245$36
37 years$1,404$921$586$364$222$30
38 years$1,352$875$549$335$201$26
39 years$1,303$832$514$309$183$22
40 years$1,256$792$482$285$166$19
41 years$1,212$753$452$263$150$16
42 years$1,170$718$424$243$136$13
43 years$1,130$684$398$224$124$11
44 years$1,092$652$373$207$112$10
45 years$1,056$621$350$191$102$8
46 years$1,021$593$329$177$93$7
47 years$988$566$309$163$84$6
48 years$956$540$291$151$76$5
49 years$926$516$273$139$69$4
50 years$897$493$257$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $919,000, adding $3,940 every year, while hoping to spend $25,255 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: 49/26/25 Blend
57$919,000$919,000$919,000$919,000
58$1,016,802$968,095$953,851$1,059,253
59$1,093,645$988,661$958,933$1,109,868
60$1,177,479$1,009,387$963,340$1,161,989
61$1,268,991$1,030,257$967,021$1,218,109
62$1,368,937$1,051,248$969,925$1,278,617
63$1,478,148$1,072,339$971,998$1,343,943
64$1,597,541$1,093,505$973,181$1,414,559
65$1,728,123$1,114,720$973,416$1,490,988
66$1,871,005$1,135,955$972,639$1,573,805
67$2,027,410$1,157,178$970,784$1,663,644
68$2,198,683$1,178,357$967,782$1,761,206
69$2,386,306$1,199,455$963,561$1,867,262
70$2,591,913$1,220,432$958,044$1,982,664
71$2,817,302$1,241,246$951,152$2,108,350
72$3,064,452$1,261,853$942,801$2,245,356
73$3,335,544$1,282,202$932,903$2,394,823
74$3,632,982$1,302,242$921,367$2,558,011
75$3,959,410$1,321,915$908,097$2,736,309
76$4,317,743$1,341,163$892,992$2,931,247
77$4,711,193$1,359,919$875,946$3,144,516
78$5,143,295$1,378,116$856,851$3,377,976
79$5,617,945$1,395,678$835,590$3,633,683
80$6,139,436$1,412,527$812,043$3,913,901
81$6,712,496$1,428,578$786,083$4,221,128
82$7,342,333$1,443,740$757,580$4,558,117
83$8,034,686$1,457,919$726,393$4,927,906
84$8,795,877$1,471,010$692,381$5,333,843
85$9,632,872$1,482,905$655,391$5,779,621
86$10,553,344$1,493,487$615,266$6,269,311
87$11,565,749$1,502,631$571,841$6,807,403
88$12,679,402$1,510,207$524,945$7,398,846
89$13,904,568$1,516,073$474,397$8,049,099
90$15,252,554$1,520,081$420,009$8,764,177
91$16,735,820$1,522,071$361,586$9,550,716
92$18,368,096$1,521,875$298,921$10,416,031
93$20,164,509$1,519,314$231,802$11,368,185
94$22,141,727$1,514,198$160,005$12,416,070
95$24,318,114$1,506,325$83,296$13,569,487
96$26,713,908$1,495,481$1,433$14,839,242
97$29,351,406$1,481,439$0$16,237,249
98$32,255,178$1,463,958$0$17,799,562
99$35,452,297$1,442,784$0$19,519,636
100$38,972,597$1,417,645$0$21,413,123