Can I retire at age 58 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$76,468$75,787$75,123$74,474$73,841$72,857
2 years$37,856$37,151$36,467$35,805$35,162$34,173
3 years$24,986$24,278$23,597$22,940$22,308$21,344
4 years$18,553$17,847$17,172$16,527$15,910$14,979
5 years$14,694$13,992$13,326$12,695$12,095$11,198
6 years$12,122$11,426$10,770$10,152$9,570$8,710
7 years$10,286$9,595$8,950$8,346$7,783$6,959
8 years$8,909$8,225$7,590$7,002$6,457$5,669
9 years$7,839$7,161$6,537$5,964$5,438$4,686
10 years$6,984$6,312$5,699$5,141$4,633$3,917
11 years$6,284$5,620$5,018$4,474$3,985$3,304
12 years$5,701$5,044$4,453$3,924$3,453$2,806
13 years$5,209$4,558$3,978$3,465$3,011$2,397
14 years$4,787$4,143$3,575$3,076$2,640$2,058
15 years$4,422$3,785$3,227$2,743$2,324$1,774
16 years$4,103$3,473$2,926$2,456$2,054$1,534
17 years$3,821$3,198$2,663$2,207$1,821$1,330
18 years$3,571$2,955$2,431$1,989$1,619$1,156
19 years$3,348$2,739$2,225$1,797$1,443$1,007
20 years$3,147$2,545$2,042$1,627$1,289$879
21 years$2,966$2,371$1,878$1,477$1,154$769
22 years$2,801$2,213$1,731$1,343$1,034$673
23 years$2,651$2,070$1,598$1,223$928$589
24 years$2,514$1,939$1,478$1,115$834$517
25 years$2,387$1,820$1,369$1,019$751$454
26 years$2,271$1,710$1,270$931$676$399
27 years$2,164$1,610$1,179$853$610$351
28 years$2,064$1,517$1,096$781$550$308
29 years$1,971$1,431$1,020$716$497$271
30 years$1,885$1,351$950$657$449$239
31 years$1,804$1,277$886$604$406$210
32 years$1,729$1,209$827$555$367$185
33 years$1,658$1,145$772$510$332$163
34 years$1,592$1,085$721$469$301$144
35 years$1,530$1,029$674$432$272$127
36 years$1,471$977$631$398$247$112
37 years$1,415$928$590$367$224$99
38 years$1,363$882$553$338$203$87
39 years$1,313$838$518$312$184$77
40 years$1,266$798$485$287$167$68
41 years$1,221$759$455$265$151$60
42 years$1,179$723$427$245$137$53
43 years$1,139$689$401$226$125$47
44 years$1,100$657$376$209$113$41
45 years$1,064$626$353$193$103$36
46 years$1,029$597$332$178$93$32
47 years$995$570$312$164$85$28
48 years$964$544$293$152$77$25
49 years$933$520$275$140$70$22
50 years$904$496$259$130$63$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $926,000, adding $5,426 every year, while hoping to spend $34,629 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: 26/48/26 Blend
57$926,000$926,000$926,000$926,000
58$1,026,049$976,971$962,618$1,044,244
59$1,093,861$987,998$958,021$1,070,484
60$1,167,429$998,404$952,109$1,095,282
61$1,247,304$1,008,123$944,802$1,121,168
62$1,334,091$1,017,083$936,015$1,148,258
63$1,428,457$1,025,209$925,660$1,176,679
64$1,531,135$1,032,419$913,644$1,206,577
65$1,642,930$1,038,626$899,870$1,238,113
66$1,764,730$1,043,740$884,237$1,271,468
67$1,897,512$1,047,663$866,639$1,306,843
68$2,042,350$1,050,290$846,963$1,344,465
69$2,200,427$1,051,512$825,094$1,384,586
70$2,373,045$1,051,211$800,909$1,427,488
71$2,561,638$1,049,263$774,282$1,473,484
72$2,767,784$1,045,535$745,079$1,522,923
73$2,993,220$1,039,888$713,161$1,576,197
74$3,239,858$1,032,173$678,382$1,633,738
75$3,509,805$1,022,231$640,589$1,696,031
76$3,805,381$1,009,896$599,625$1,763,613
77$4,129,139$994,990$555,321$1,837,081
78$4,483,892$977,325$507,505$1,917,101
79$4,872,737$956,702$455,995$2,004,411
80$5,299,087$932,911$400,601$2,099,831
81$5,766,698$905,728$341,126$2,204,273
82$6,279,709$874,917$277,362$2,318,748
83$6,842,679$840,228$209,093$2,444,378
84$7,460,629$801,395$136,094$2,582,408
85$8,139,090$758,140$58,129$2,734,219
86$8,884,154$710,166$0$2,901,341
87$9,702,533$657,159$0$3,092,427
88$10,601,621$598,790$0$3,320,063
89$11,589,563$534,707$0$3,570,262
90$12,675,332$464,542$0$3,845,409
91$13,868,814$387,902$0$4,148,139
92$15,180,900$304,377$0$4,481,363
93$16,623,589$213,529$0$4,848,301
94$18,210,101$114,897$0$5,252,506
95$19,955,001$7,997$0$5,697,906
96$21,874,336$0$0$6,188,841
97$23,985,786$0$0$6,786,981
98$26,308,833$0$0$7,449,890
99$28,864,940$0$0$8,179,490
100$31,677,758$0$0$8,982,555