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%14.4%
1 years$77,046$76,360$75,690$75,037$74,399$73,046
2 years$38,142$37,431$36,743$36,075$35,428$34,070
3 years$25,175$24,462$23,775$23,114$22,477$21,156
4 years$18,693$17,982$17,302$16,652$16,031$14,757
5 years$14,805$14,098$13,427$12,791$12,186$10,963
6 years$12,214$11,512$10,851$10,229$9,643$8,472
7 years$10,364$9,668$9,017$8,410$7,842$6,724
8 years$8,977$8,287$7,647$7,055$6,506$5,440
9 years$7,898$7,215$6,587$6,009$5,479$4,464
10 years$7,036$6,360$5,742$5,180$4,668$3,705
11 years$6,332$5,662$5,056$4,508$4,015$3,101
12 years$5,745$5,082$4,487$3,954$3,479$2,614
13 years$5,248$4,593$4,009$3,491$3,034$2,215
14 years$4,823$4,175$3,602$3,099$2,659$1,886
15 years$4,455$3,814$3,252$2,764$2,342$1,613
16 years$4,134$3,499$2,948$2,474$2,070$1,383
17 years$3,850$3,222$2,683$2,223$1,835$1,189
18 years$3,598$2,978$2,449$2,004$1,632$1,025
19 years$3,373$2,760$2,242$1,810$1,454$885
20 years$3,171$2,564$2,058$1,640$1,299$766
21 years$2,988$2,389$1,893$1,488$1,162$663
22 years$2,822$2,230$1,744$1,353$1,042$575
23 years$2,671$2,085$1,611$1,232$935$499
24 years$2,533$1,954$1,490$1,124$841$434
25 years$2,405$1,834$1,380$1,026$756$377
26 years$2,288$1,723$1,279$938$681$328
27 years$2,180$1,622$1,188$859$614$286
28 years$2,079$1,528$1,105$787$554$249
29 years$1,986$1,442$1,028$722$501$217
30 years$1,899$1,362$957$662$452$189
31 years$1,818$1,287$893$608$409$165
32 years$1,742$1,218$833$559$370$144
33 years$1,671$1,153$778$514$335$126
34 years$1,604$1,093$727$473$303$110
35 years$1,541$1,037$679$435$275$96
36 years$1,482$984$635$401$249$84
37 years$1,426$935$595$370$225$73
38 years$1,373$888$557$341$204$64
39 years$1,323$845$522$314$185$56
40 years$1,276$804$489$290$168$49
41 years$1,231$765$459$267$153$42
42 years$1,188$728$430$247$138$37
43 years$1,147$694$404$228$126$32
44 years$1,109$662$379$210$114$28
45 years$1,072$631$356$194$103$25
46 years$1,037$602$334$179$94$22
47 years$1,003$574$314$166$85$19
48 years$971$548$295$153$77$17
49 years$940$524$277$141$70$14
50 years$911$500$261$131$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $933,000, adding $2,440 every year, while hoping to spend $59,305 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: 47/36/17 Blend
57$933,000$933,000$933,000$933,000
58$1,030,683$981,234$966,772$1,074,063
59$1,072,712$966,214$936,059$1,089,440
60$1,117,041$948,471$902,329$1,099,915
61$1,163,842$927,808$865,420$1,110,013
62$1,213,301$904,018$825,158$1,119,722
63$1,265,623$876,881$781,367$1,129,036
64$1,321,032$846,163$733,858$1,137,948
65$1,379,772$811,620$682,437$1,146,457
66$1,442,109$772,989$626,899$1,154,569
67$1,508,335$729,997$567,031$1,162,291
68$1,578,768$682,350$502,609$1,169,641
69$1,653,758$629,741$433,403$1,176,642
70$1,733,687$571,843$359,167$1,183,326
71$1,818,973$508,313$279,648$1,189,736
72$1,910,073$438,786$194,582$1,195,925
73$2,007,492$362,878$103,692$1,201,958
74$2,111,779$280,181$6,688$1,207,919
75$2,223,538$190,268$0$1,213,904
76$2,343,432$92,684$0$1,237,595
77$2,472,187$0$0$1,264,001
78$2,610,601$0$0$1,297,301
79$2,759,551$0$0$1,372,721
80$2,919,998$0$0$1,454,041
81$3,092,998$0$0$1,541,807
82$3,279,712$0$0$1,636,618
83$3,481,414$0$0$1,739,132
84$3,699,506$0$0$1,850,074
85$3,935,527$0$0$1,970,238
86$4,191,170$0$0$2,100,500
87$4,468,297$0$0$2,241,821
88$4,768,954$0$0$2,395,260
89$5,095,392$0$0$2,561,980
90$5,450,087$0$0$2,743,261
91$5,835,763$0$0$2,940,512
92$6,255,414$0$0$3,155,282
93$6,712,340$0$0$3,389,275
94$7,210,166$0$0$3,644,369
95$7,752,884$0$0$3,922,627
96$8,344,890$0$0$4,226,324
97$8,991,019$0$0$4,557,962
98$9,696,593$0$0$4,920,293
99$10,467,473$0$0$5,316,351
100$11,310,111$0$0$5,749,474