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%17%
1 years$76,386$75,705$75,041$74,393$73,761$71,658
2 years$37,815$37,110$36,428$35,766$35,124$33,022
3 years$24,959$24,252$23,571$22,916$22,284$20,249
4 years$18,533$17,828$17,154$16,509$15,893$13,940
5 years$14,678$13,977$13,312$12,681$12,082$10,216
6 years$12,109$11,413$10,758$10,141$9,560$7,783
7 years$10,275$9,585$8,940$8,337$7,775$6,087
8 years$8,900$8,216$7,582$6,994$6,450$4,851
9 years$7,831$7,154$6,530$5,957$5,432$3,919
10 years$6,976$6,306$5,693$5,135$4,628$3,200
11 years$6,277$5,613$5,012$4,469$3,980$2,634
12 years$5,695$5,038$4,448$3,920$3,449$2,183
13 years$5,203$4,553$3,974$3,461$3,008$1,819
14 years$4,782$4,139$3,571$3,072$2,637$1,521
15 years$4,417$3,781$3,224$2,740$2,322$1,277
16 years$4,098$3,469$2,923$2,453$2,052$1,075
17 years$3,817$3,195$2,660$2,204$1,819$907
18 years$3,567$2,952$2,428$1,986$1,618$767
19 years$3,344$2,736$2,223$1,795$1,442$650
20 years$3,144$2,542$2,040$1,626$1,288$551
21 years$2,963$2,368$1,876$1,475$1,152$468
22 years$2,798$2,211$1,729$1,341$1,033$398
23 years$2,648$2,067$1,597$1,222$927$338
24 years$2,511$1,937$1,477$1,114$833$288
25 years$2,385$1,818$1,368$1,018$750$245
26 years$2,269$1,708$1,269$930$676$209
27 years$2,161$1,608$1,178$852$609$178
28 years$2,062$1,515$1,095$780$550$152
29 years$1,969$1,429$1,019$716$496$130
30 years$1,883$1,350$949$657$448$111
31 years$1,802$1,276$885$603$405$94
32 years$1,727$1,207$826$554$367$81
33 years$1,657$1,143$771$510$332$69
34 years$1,590$1,084$720$469$300$59
35 years$1,528$1,028$673$432$272$50
36 years$1,469$976$630$398$247$43
37 years$1,414$927$590$366$223$37
38 years$1,361$881$552$338$203$31
39 years$1,312$837$517$311$184$27
40 years$1,265$797$485$287$167$23
41 years$1,220$758$455$265$151$20
42 years$1,178$722$426$245$137$17
43 years$1,137$688$400$226$125$14
44 years$1,099$656$376$208$113$12
45 years$1,062$626$353$192$103$10
46 years$1,028$597$331$178$93$9
47 years$994$569$311$164$85$8
48 years$963$544$292$152$77$7
49 years$932$519$275$140$70$6
50 years$903$496$258$130$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $925,000, adding $5,263 every year, while hoping to spend $28,216 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: 48/39/13 Blend
57$925,000$925,000$925,000$925,000
58$1,024,779$975,754$961,416$1,070,036
59$1,099,285$993,544$963,602$1,119,586
60$1,180,444$1,011,260$964,916$1,170,009
61$1,268,907$1,028,869$965,297$1,224,128
62$1,365,386$1,046,335$964,686$1,282,298
63$1,470,669$1,063,619$963,016$1,344,910
64$1,585,620$1,080,679$960,220$1,412,395
65$1,711,191$1,097,470$956,225$1,485,230
66$1,848,432$1,113,945$950,958$1,563,940
67$1,998,496$1,130,053$944,339$1,649,104
68$2,162,655$1,145,738$936,287$1,741,360
69$2,342,308$1,160,941$926,715$1,841,413
70$2,538,996$1,175,599$915,532$1,950,041
71$2,754,416$1,189,646$902,645$2,068,101
72$2,990,436$1,203,009$887,953$2,196,539
73$3,249,116$1,215,611$871,355$2,336,399
74$3,532,721$1,227,371$852,740$2,488,830
75$3,843,748$1,238,202$831,996$2,655,104
76$4,184,946$1,248,010$809,004$2,836,620
77$4,559,344$1,256,696$783,640$3,034,923
78$4,970,278$1,264,155$755,773$3,251,718
79$5,421,423$1,270,275$725,267$3,488,884
80$5,916,826$1,274,936$691,982$3,748,495
81$6,460,946$1,278,012$655,767$4,032,837
82$7,058,696$1,279,368$616,468$4,344,433
83$7,715,486$1,278,860$573,923$4,686,064
84$8,437,278$1,276,337$527,962$5,060,800
85$9,230,639$1,271,636$478,408$5,472,024
86$10,102,805$1,264,587$425,075$5,923,470
87$11,061,748$1,255,008$367,771$6,419,252
88$12,116,249$1,242,706$306,294$6,963,911
89$13,275,984$1,227,477$240,433$7,562,454
90$14,551,614$1,209,103$169,968$8,220,401
91$15,954,885$1,187,356$94,668$8,943,840
92$17,498,739$1,161,992$14,295$9,739,487
93$19,197,434$1,132,753$0$10,614,743
94$21,066,682$1,099,367$0$11,587,689
95$23,123,792$1,061,545$0$12,660,171
96$25,387,840$1,018,982$0$13,840,170
97$27,879,841$971,353$0$15,138,669
98$30,622,953$918,318$0$16,567,778
99$33,642,693$859,514$0$18,140,847
100$36,967,177$794,559$0$19,872,589