Can I retire at age 58 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$76,386$75,705$75,041$74,393$73,761$72,154
2 years$37,815$37,110$36,428$35,766$35,124$33,513
3 years$24,959$24,252$23,571$22,916$22,284$20,719
4 years$18,533$17,828$17,154$16,509$15,893$14,387
5 years$14,678$13,977$13,312$12,681$12,082$10,638
6 years$12,109$11,413$10,758$10,141$9,560$8,180
7 years$10,275$9,585$8,940$8,337$7,775$6,460
8 years$8,900$8,216$7,582$6,994$6,450$5,199
9 years$7,831$7,154$6,530$5,957$5,432$4,244
10 years$6,976$6,306$5,693$5,135$4,628$3,502
11 years$6,277$5,613$5,012$4,469$3,980$2,915
12 years$5,695$5,038$4,448$3,920$3,449$2,442
13 years$5,203$4,553$3,974$3,461$3,008$2,058
14 years$4,782$4,139$3,571$3,072$2,637$1,742
15 years$4,417$3,781$3,224$2,740$2,322$1,480
16 years$4,098$3,469$2,923$2,453$2,052$1,261
17 years$3,817$3,195$2,660$2,204$1,819$1,077
18 years$3,567$2,952$2,428$1,986$1,618$922
19 years$3,344$2,736$2,223$1,795$1,442$791
20 years$3,144$2,542$2,040$1,626$1,288$680
21 years$2,963$2,368$1,876$1,475$1,152$585
22 years$2,798$2,211$1,729$1,341$1,033$504
23 years$2,648$2,067$1,597$1,222$927$434
24 years$2,511$1,937$1,477$1,114$833$375
25 years$2,385$1,818$1,368$1,018$750$323
26 years$2,269$1,708$1,269$930$676$279
27 years$2,161$1,608$1,178$852$609$242
28 years$2,062$1,515$1,095$780$550$209
29 years$1,969$1,429$1,019$716$496$181
30 years$1,883$1,350$949$657$448$156
31 years$1,802$1,276$885$603$405$135
32 years$1,727$1,207$826$554$367$117
33 years$1,657$1,143$771$510$332$102
34 years$1,590$1,084$720$469$300$88
35 years$1,528$1,028$673$432$272$76
36 years$1,469$976$630$398$247$66
37 years$1,414$927$590$366$223$57
38 years$1,361$881$552$338$203$50
39 years$1,312$837$517$311$184$43
40 years$1,265$797$485$287$167$37
41 years$1,220$758$455$265$151$32
42 years$1,178$722$426$245$137$28
43 years$1,137$688$400$226$125$24
44 years$1,099$656$376$208$113$21
45 years$1,062$626$353$192$103$18
46 years$1,028$597$331$178$93$16
47 years$994$569$311$164$85$14
48 years$963$544$292$152$77$12
49 years$932$519$275$140$70$10
50 years$903$496$258$130$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $925,000, adding $4,453 every year, while hoping to spend $22,431 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: 38/49/13 Blend
57$925,000$925,000$925,000$925,000
58$1,023,943$974,918$960,581$1,058,655
59$1,104,519$998,823$968,894$1,107,711
60$1,192,562$1,023,147$976,734$1,158,186
61$1,288,809$1,047,887$984,060$1,212,244
62$1,394,074$1,073,040$990,833$1,270,218
63$1,509,251$1,098,601$997,007$1,332,472
64$1,635,325$1,124,562$1,002,537$1,399,412
65$1,773,381$1,150,918$1,007,374$1,471,480
66$1,924,612$1,177,660$1,011,468$1,549,166
67$2,090,336$1,204,778$1,014,765$1,633,009
68$2,271,999$1,232,261$1,017,209$1,723,602
69$2,471,198$1,260,098$1,018,741$1,821,599
70$2,689,691$1,288,273$1,019,299$1,927,721
71$2,929,412$1,316,771$1,018,818$2,042,762
72$3,192,494$1,345,575$1,017,231$2,167,595
73$3,481,285$1,374,665$1,014,465$2,303,186
74$3,798,373$1,404,019$1,010,446$2,450,596
75$4,146,606$1,433,616$1,005,095$2,610,996
76$4,529,124$1,463,427$998,330$2,785,677
77$4,949,385$1,493,426$990,065$2,976,060
78$5,411,199$1,523,580$980,208$3,183,713
79$5,918,763$1,553,857$968,667$3,410,364
80$6,476,701$1,584,220$955,341$3,657,916
81$7,090,106$1,614,629$940,127$3,928,468
82$7,764,591$1,645,040$922,915$4,224,335
83$8,506,340$1,675,407$903,593$4,548,065
84$9,322,164$1,705,679$882,041$4,902,471
85$10,219,570$1,735,803$858,135$5,290,650
86$11,206,827$1,765,718$831,743$5,716,018
87$12,293,048$1,795,363$802,731$6,182,340
88$13,488,272$1,824,669$770,956$6,693,766
89$14,803,560$1,853,562$736,267$7,254,872
90$16,251,102$1,881,966$698,511$7,870,699
91$17,844,327$1,909,794$657,523$8,546,807
92$19,598,032$1,936,958$613,135$9,289,324
93$21,528,523$1,963,361$565,167$10,105,003
94$23,653,767$1,988,900$513,434$11,001,292
95$25,993,559$2,013,464$457,742$11,986,396
96$28,569,714$2,036,936$397,888$13,069,364
97$31,406,269$2,059,189$333,661$14,260,168
98$34,529,708$2,080,090$264,839$15,569,800
99$37,969,219$2,099,495$191,192$17,010,378
100$41,756,961$2,117,252$112,478$18,595,259