Can I retire at age 58 with 932,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$76,964$76,278$75,609$74,956$74,319$71,711
2 years$38,101$37,391$36,704$36,037$35,390$32,789
3 years$25,148$24,436$23,750$23,089$22,453$19,942
4 years$18,673$17,963$17,284$16,634$16,014$13,611
5 years$14,789$14,083$13,413$12,777$12,173$9,886
6 years$12,201$11,500$10,840$10,218$9,632$7,462
7 years$10,353$9,658$9,008$8,401$7,834$5,780
8 years$8,967$8,278$7,639$7,047$6,499$4,560
9 years$7,890$7,208$6,580$6,002$5,473$3,646
10 years$7,029$6,353$5,736$5,174$4,663$2,945
11 years$6,325$5,656$5,050$4,503$4,010$2,398
12 years$5,738$5,076$4,482$3,950$3,475$1,965
13 years$5,243$4,588$4,004$3,487$3,031$1,618
14 years$4,818$4,170$3,598$3,095$2,657$1,338
15 years$4,450$3,809$3,248$2,761$2,339$1,110
16 years$4,129$3,495$2,945$2,472$2,067$923
17 years$3,846$3,219$2,680$2,221$1,833$769
18 years$3,594$2,974$2,446$2,001$1,630$642
19 years$3,370$2,757$2,240$1,809$1,453$537
20 years$3,168$2,562$2,055$1,638$1,298$449
21 years$2,985$2,386$1,891$1,487$1,161$377
22 years$2,819$2,227$1,742$1,352$1,041$316
23 years$2,668$2,083$1,609$1,231$934$265
24 years$2,530$1,952$1,488$1,123$840$223
25 years$2,403$1,832$1,378$1,025$756$187
26 years$2,286$1,721$1,278$937$681$157
27 years$2,178$1,620$1,187$858$614$132
28 years$2,077$1,527$1,103$786$554$111
29 years$1,984$1,440$1,027$721$500$94
30 years$1,897$1,360$956$662$452$79
31 years$1,816$1,286$892$608$408$66
32 years$1,740$1,217$832$558$369$56
33 years$1,669$1,152$777$514$334$47
34 years$1,602$1,092$726$473$303$40
35 years$1,539$1,036$679$435$274$33
36 years$1,480$983$635$401$248$28
37 years$1,424$934$594$369$225$24
38 years$1,372$887$556$340$204$20
39 years$1,322$844$521$314$185$17
40 years$1,274$803$489$289$168$14
41 years$1,229$764$458$267$152$12
42 years$1,187$728$430$246$138$10
43 years$1,146$693$403$227$125$8
44 years$1,107$661$379$210$114$7
45 years$1,071$630$355$194$103$6
46 years$1,035$601$334$179$94$5
47 years$1,002$574$314$166$85$4
48 years$970$548$295$153$77$4
49 years$939$523$277$141$70$3
50 years$910$500$260$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $932,000, adding $6,135 every year, while hoping to spend $30,094 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: 49/40/11 Blend
57$932,000$932,000$932,000$932,000
58$1,033,392$983,996$969,550$1,080,656
59$1,106,778$1,000,192$970,010$1,129,940
60$1,186,641$1,016,173$969,477$1,179,784
61$1,273,610$1,031,897$967,886$1,233,238
62$1,368,376$1,047,318$965,168$1,290,650
63$1,471,702$1,062,388$961,252$1,352,403
64$1,584,425$1,077,054$956,064$1,418,919
65$1,707,467$1,091,261$949,523$1,490,664
66$1,841,846$1,104,949$941,549$1,568,151
67$1,988,677$1,118,055$932,054$1,651,949
68$2,149,193$1,130,510$920,948$1,742,683
69$2,324,748$1,142,243$908,137$1,841,043
70$2,516,834$1,153,174$893,522$1,947,792
71$2,727,094$1,163,223$876,998$2,063,770
72$2,957,338$1,172,301$858,457$2,189,905
73$3,209,556$1,180,314$837,786$2,327,221
74$3,485,944$1,187,163$814,865$2,476,847
75$3,788,918$1,192,741$789,570$2,640,030
76$4,121,138$1,196,936$761,772$2,818,143
77$4,485,536$1,199,627$731,333$3,012,705
78$4,885,340$1,200,688$698,111$3,225,388
79$5,324,105$1,199,983$661,959$3,458,040
80$5,805,749$1,197,367$622,720$3,712,697
81$6,334,586$1,192,689$580,232$3,991,607
82$6,915,369$1,185,786$534,325$4,297,249
83$7,553,334$1,176,486$484,821$4,632,358
84$8,254,248$1,164,608$431,537$4,999,951
85$9,024,465$1,149,957$374,277$5,403,356
86$9,870,985$1,132,330$312,839$5,846,245
87$10,801,519$1,111,508$247,014$6,332,665
88$11,824,565$1,087,263$176,579$6,867,085
89$12,949,482$1,059,350$101,306$7,454,430
90$14,186,583$1,027,512$20,954$8,100,133
91$15,547,230$991,476$0$8,810,187
92$17,043,943$950,953$0$9,598,806
93$18,690,513$905,638$0$10,468,794
94$20,502,138$855,207$0$11,425,757
95$22,495,562$799,318$0$12,478,595
96$24,689,235$737,610$0$13,637,117
97$27,103,486$669,702$0$14,912,141
98$29,760,712$595,188$0$16,315,592
99$32,685,594$513,642$0$17,860,616
100$35,905,327$424,613$0$19,561,710