Can I retire at age 58 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$77,046$76,360$75,690$75,037$74,399$73,347
2 years$38,142$37,431$36,743$36,075$35,428$34,371
3 years$25,175$24,462$23,775$23,114$22,477$21,447
4 years$18,693$17,982$17,302$16,652$16,031$15,036
5 years$14,805$14,098$13,427$12,791$12,186$11,229
6 years$12,214$11,512$10,851$10,229$9,643$8,724
7 years$10,364$9,668$9,017$8,410$7,842$6,963
8 years$8,977$8,287$7,647$7,055$6,506$5,666
9 years$7,898$7,215$6,587$6,009$5,479$4,678
10 years$7,036$6,360$5,742$5,180$4,668$3,905
11 years$6,332$5,662$5,056$4,508$4,015$3,289
12 years$5,745$5,082$4,487$3,954$3,479$2,790
13 years$5,248$4,593$4,009$3,491$3,034$2,381
14 years$4,823$4,175$3,602$3,099$2,659$2,041
15 years$4,455$3,814$3,252$2,764$2,342$1,757
16 years$4,134$3,499$2,948$2,474$2,070$1,517
17 years$3,850$3,222$2,683$2,223$1,835$1,314
18 years$3,598$2,978$2,449$2,004$1,632$1,141
19 years$3,373$2,760$2,242$1,810$1,454$992
20 years$3,171$2,564$2,058$1,640$1,299$865
21 years$2,988$2,389$1,893$1,488$1,162$755
22 years$2,822$2,230$1,744$1,353$1,042$659
23 years$2,671$2,085$1,611$1,232$935$577
24 years$2,533$1,954$1,490$1,124$841$505
25 years$2,405$1,834$1,380$1,026$756$443
26 years$2,288$1,723$1,279$938$681$388
27 years$2,180$1,622$1,188$859$614$341
28 years$2,079$1,528$1,105$787$554$299
29 years$1,986$1,442$1,028$722$501$263
30 years$1,899$1,362$957$662$452$231
31 years$1,818$1,287$893$608$409$203
32 years$1,742$1,218$833$559$370$179
33 years$1,671$1,153$778$514$335$157
34 years$1,604$1,093$727$473$303$139
35 years$1,541$1,037$679$435$275$122
36 years$1,482$984$635$401$249$107
37 years$1,426$935$595$370$225$95
38 years$1,373$888$557$341$204$83
39 years$1,323$845$522$314$185$73
40 years$1,276$804$489$290$168$65
41 years$1,231$765$459$267$153$57
42 years$1,188$728$430$247$138$50
43 years$1,147$694$404$228$126$44
44 years$1,109$662$379$210$114$39
45 years$1,072$631$356$194$103$34
46 years$1,037$602$334$179$94$30
47 years$1,003$574$314$166$85$27
48 years$971$548$295$153$77$24
49 years$940$524$277$141$70$21
50 years$911$500$261$131$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $933,000, adding $5,430 every year, while hoping to spend $51,341 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: 63/14/23 Blend
57$933,000$933,000$933,000$933,000
58$1,033,767$984,318$969,857$1,092,358
59$1,084,585$977,923$947,720$1,126,185
60$1,138,865$969,494$923,122$1,156,921
61$1,196,908$958,877$895,924$1,189,333
62$1,259,039$945,909$865,985$1,223,591
63$1,325,620$930,418$833,154$1,259,885
64$1,397,043$912,219$797,275$1,298,424
65$1,473,743$891,118$758,185$1,339,441
66$1,556,193$866,912$715,713$1,383,196
67$1,644,916$839,381$669,680$1,429,975
68$1,740,482$808,296$619,899$1,480,099
69$1,843,522$773,413$566,176$1,533,921
70$1,954,725$734,474$508,307$1,591,836
71$2,074,851$691,207$446,079$1,654,279
72$2,204,733$643,323$379,270$1,721,735
73$2,345,288$590,518$307,647$1,794,739
74$2,497,523$532,469$230,969$1,873,888
75$2,662,545$468,836$148,982$1,959,838
76$2,841,574$399,258$61,423$2,053,322
77$3,035,949$323,356$0$2,155,148
78$3,247,143$240,727$0$2,274,069
79$3,476,776$150,947$0$2,419,816
80$3,726,632$53,569$0$2,578,472
81$3,998,674$0$0$2,751,329
82$4,295,059$0$0$2,947,804
83$4,618,164$0$0$3,171,049
84$4,970,603$0$0$3,414,626
85$5,355,255$0$0$3,680,532
86$5,775,287$0$0$3,970,965
87$6,234,187$0$0$4,288,346
88$6,735,795$0$0$4,635,338
89$7,284,336$0$0$5,014,875
90$7,884,466$0$0$5,430,187
91$8,541,308$0$0$5,884,831
92$9,260,506$0$0$6,382,722
93$10,048,274$0$0$6,928,174
94$10,911,455$0$0$7,525,935
95$11,857,585$0$0$8,181,238
96$12,894,966$0$0$8,899,843
97$14,032,738$0$0$9,688,095
98$15,280,971$0$0$10,552,984
99$16,650,756$0$0$11,502,207
100$18,154,310$0$0$12,544,246