Can I retire at age 58 with 927,000?

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 $927,000?

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$76,551$75,869$75,204$74,554$73,920$71,813
2 years$37,896$37,191$36,507$35,843$35,200$33,094
3 years$25,013$24,304$23,622$22,965$22,332$20,292
4 years$18,573$17,866$17,191$16,545$15,928$13,970
5 years$14,710$14,007$13,341$12,708$12,108$10,238
6 years$12,135$11,438$10,781$10,163$9,581$7,800
7 years$10,297$9,606$8,959$8,355$7,792$6,100
8 years$8,919$8,234$7,598$7,009$6,464$4,861
9 years$7,848$7,169$6,544$5,970$5,444$3,927
10 years$6,991$6,319$5,706$5,146$4,638$3,207
11 years$6,291$5,626$5,023$4,479$3,989$2,640
12 years$5,708$5,049$4,458$3,929$3,457$2,188
13 years$5,215$4,563$3,983$3,468$3,014$1,822
14 years$4,792$4,148$3,579$3,079$2,642$1,525
15 years$4,427$3,789$3,231$2,746$2,327$1,280
16 years$4,107$3,476$2,929$2,459$2,056$1,077
17 years$3,825$3,202$2,666$2,209$1,823$909
18 years$3,575$2,958$2,433$1,991$1,621$769
19 years$3,352$2,742$2,228$1,799$1,445$651
20 years$3,151$2,548$2,044$1,629$1,291$552
21 years$2,969$2,373$1,880$1,479$1,155$469
22 years$2,804$2,215$1,733$1,344$1,035$399
23 years$2,654$2,072$1,600$1,224$929$339
24 years$2,516$1,941$1,480$1,117$835$289
25 years$2,390$1,822$1,371$1,020$752$246
26 years$2,273$1,712$1,271$932$677$210
27 years$2,166$1,611$1,180$854$610$179
28 years$2,066$1,518$1,097$782$551$152
29 years$1,973$1,432$1,021$717$497$130
30 years$1,887$1,353$951$658$449$111
31 years$1,806$1,279$887$604$406$95
32 years$1,731$1,210$827$555$368$81
33 years$1,660$1,146$773$511$333$69
34 years$1,594$1,086$722$470$301$59
35 years$1,531$1,030$675$433$273$50
36 years$1,472$978$631$398$247$43
37 years$1,417$929$591$367$224$37
38 years$1,364$883$553$338$203$31
39 years$1,314$839$518$312$184$27
40 years$1,267$798$486$288$167$23
41 years$1,223$760$456$266$152$20
42 years$1,180$724$427$245$137$17
43 years$1,140$690$401$226$125$14
44 years$1,101$657$376$209$113$12
45 years$1,065$627$353$193$103$10
46 years$1,030$598$332$178$93$9
47 years$997$571$312$165$85$8
48 years$965$545$293$152$77$7
49 years$934$520$276$141$70$6
50 years$905$497$259$130$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $927,000, adding $6,262 every year, while hoping to spend $37,942 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: 44/26/30 Blend
57$927,000$927,000$927,000$927,000
58$1,028,013$978,882$964,514$1,064,054
59$1,092,501$986,477$956,455$1,098,064
60$1,162,294$993,173$946,855$1,130,841
61$1,237,895$998,885$935,621$1,165,662
62$1,319,854$1,003,524$922,658$1,202,740
63$1,408,777$1,006,995$907,865$1,242,311
64$1,505,330$1,009,196$891,137$1,284,640
65$1,610,247$1,010,020$872,363$1,330,016
66$1,724,334$1,009,353$851,429$1,378,766
67$1,848,478$1,007,073$828,213$1,431,248
68$1,983,654$1,003,051$802,590$1,487,861
69$2,130,938$997,151$774,428$1,549,049
70$2,291,510$989,229$743,588$1,615,302
71$2,466,672$979,129$709,926$1,687,164
72$2,657,856$966,689$673,292$1,765,239
73$2,866,637$951,737$633,527$1,850,194
74$3,094,751$934,089$590,467$1,942,771
75$3,344,108$913,551$543,940$2,043,788
76$3,616,810$889,918$493,765$2,154,155
77$3,915,173$862,973$439,755$2,274,877
78$4,241,747$832,485$381,713$2,407,065
79$4,599,339$798,211$319,434$2,551,952
80$4,991,042$759,893$252,705$2,710,900
81$5,420,258$717,258$181,301$2,885,417
82$5,890,739$670,018$104,989$3,077,169
83$6,406,614$617,868$23,525$3,288,001
84$6,972,431$560,486$0$3,519,951
85$7,593,200$497,531$0$3,795,572
86$8,274,439$428,643$0$4,106,412
87$9,022,227$353,442$0$4,447,777
88$9,843,259$271,525$0$4,822,802
89$10,744,910$182,468$0$5,234,948
90$11,735,305$85,824$0$5,688,030
91$12,823,395$0$0$6,186,260
92$14,019,038$0$0$6,739,682
93$15,333,099$0$0$7,375,021
94$16,777,544$0$0$8,073,523
95$18,365,557$0$0$8,841,579
96$20,111,663$0$0$9,686,230
97$22,031,866$0$0$10,615,235
98$24,143,798$0$0$11,637,139
99$26,466,884$0$0$12,761,361
100$29,022,527$0$0$13,998,277