Can I retire at age 58 with 933,000?

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 $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%12.4%
1 years$77,046$76,360$75,690$75,037$74,399$73,652
2 years$38,142$37,431$36,743$36,075$35,428$34,676
3 years$25,175$24,462$23,775$23,114$22,477$21,743
4 years$18,693$17,982$17,302$16,652$16,031$15,321
5 years$14,805$14,098$13,427$12,791$12,186$11,502
6 years$12,214$11,512$10,851$10,229$9,643$8,985
7 years$10,364$9,668$9,017$8,410$7,842$7,211
8 years$8,977$8,287$7,647$7,055$6,506$5,901
9 years$7,898$7,215$6,587$6,009$5,479$4,901
10 years$7,036$6,360$5,742$5,180$4,668$4,117
11 years$6,332$5,662$5,056$4,508$4,015$3,489
12 years$5,745$5,082$4,487$3,954$3,479$2,979
13 years$5,248$4,593$4,009$3,491$3,034$2,558
14 years$4,823$4,175$3,602$3,099$2,659$2,207
15 years$4,455$3,814$3,252$2,764$2,342$1,913
16 years$4,134$3,499$2,948$2,474$2,070$1,663
17 years$3,850$3,222$2,683$2,223$1,835$1,451
18 years$3,598$2,978$2,449$2,004$1,632$1,269
19 years$3,373$2,760$2,242$1,810$1,454$1,112
20 years$3,171$2,564$2,058$1,640$1,299$976
21 years$2,988$2,389$1,893$1,488$1,162$858
22 years$2,822$2,230$1,744$1,353$1,042$756
23 years$2,671$2,085$1,611$1,232$935$666
24 years$2,533$1,954$1,490$1,124$841$588
25 years$2,405$1,834$1,380$1,026$756$519
26 years$2,288$1,723$1,279$938$681$459
27 years$2,180$1,622$1,188$859$614$406
28 years$2,079$1,528$1,105$787$554$360
29 years$1,986$1,442$1,028$722$501$319
30 years$1,899$1,362$957$662$452$282
31 years$1,818$1,287$893$608$409$250
32 years$1,742$1,218$833$559$370$222
33 years$1,671$1,153$778$514$335$197
34 years$1,604$1,093$727$473$303$175
35 years$1,541$1,037$679$435$275$155
36 years$1,482$984$635$401$249$138
37 years$1,426$935$595$370$225$122
38 years$1,373$888$557$341$204$109
39 years$1,323$845$522$314$185$97
40 years$1,276$804$489$290$168$86
41 years$1,231$765$459$267$153$76
42 years$1,188$728$430$247$138$68
43 years$1,147$694$404$228$126$60
44 years$1,109$662$379$210$114$54
45 years$1,072$631$356$194$103$48
46 years$1,037$602$334$179$94$42
47 years$1,003$574$314$166$85$38
48 years$971$548$295$153$77$34
49 years$940$524$277$141$70$30
50 years$911$500$261$131$64$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $933,000, adding $5,554 every year, while hoping to spend $34,640 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: 75/7/18 Blend
57$933,000$933,000$933,000$933,000
58$1,033,895$984,446$969,984$1,106,756
59$1,102,496$995,827$965,622$1,167,139
60$1,176,932$1,006,605$959,953$1,228,498
61$1,257,764$1,016,713$952,896$1,294,838
62$1,345,606$1,026,082$944,368$1,366,646
63$1,441,133$1,034,635$934,279$1,444,460
64$1,545,089$1,042,293$922,539$1,528,871
65$1,658,294$1,048,971$909,049$1,620,532
66$1,781,646$1,054,577$893,709$1,720,161
67$1,916,139$1,059,016$876,412$1,828,552
68$2,062,861$1,062,184$857,049$1,946,576
69$2,223,015$1,063,973$835,501$2,075,198
70$2,397,921$1,064,266$811,649$2,215,478
71$2,589,034$1,062,940$785,365$2,368,586
72$2,797,956$1,059,865$756,515$2,535,813
73$3,026,451$1,054,902$724,962$2,718,579
74$3,276,461$1,047,904$690,560$2,918,452
75$3,550,122$1,038,713$653,156$3,137,159
76$3,849,790$1,027,166$612,592$3,376,605
77$4,178,058$1,013,086$568,703$3,638,888
78$4,537,779$996,287$521,314$3,926,323
79$4,932,100$976,571$470,245$4,241,461
80$5,364,482$953,731$415,306$4,587,113
81$5,838,740$927,546$356,300$4,966,379
82$6,359,076$897,780$293,020$5,382,676
83$6,930,117$864,186$225,251$5,839,771
84$7,556,959$826,502$152,768$6,341,816
85$8,245,219$784,451$75,336$6,893,387
86$9,001,082$737,738$0$7,499,529
87$9,831,360$686,055$0$8,167,206
88$10,743,559$629,073$0$8,916,678
89$11,745,949$566,444$0$9,740,269
90$12,847,639$497,803$0$10,645,481
91$14,058,665$422,762$0$11,640,580
92$15,390,083$340,912$0$12,734,673
93$16,854,076$251,821$0$13,937,798
94$18,464,063$155,031$0$15,261,011
95$20,234,831$50,061$0$16,716,499
96$22,182,671$0$0$18,317,688
97$24,325,534$0$0$20,084,274
98$26,683,196$0$0$22,032,227
99$29,277,447$0$0$24,175,701
100$32,132,299$0$0$26,534,539