Can I retire at age 58 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$77,129$76,442$75,772$75,117$74,478$73,609
2 years$38,183$37,471$36,782$36,114$35,466$34,591
3 years$25,202$24,488$23,801$23,139$22,501$21,647
4 years$18,713$18,001$17,321$16,670$16,048$15,222
5 years$14,821$14,113$13,442$12,804$12,199$11,404
6 years$12,227$11,525$10,863$10,240$9,653$8,889
7 years$10,375$9,678$9,027$8,419$7,850$7,118
8 years$8,986$8,296$7,656$7,062$6,513$5,812
9 years$7,907$7,223$6,594$6,015$5,485$4,816
10 years$7,044$6,367$5,749$5,185$4,673$4,035
11 years$6,338$5,668$5,061$4,513$4,019$3,411
12 years$5,751$5,087$4,492$3,958$3,483$2,905
13 years$5,254$4,597$4,013$3,495$3,037$2,488
14 years$4,828$4,179$3,606$3,102$2,662$2,142
15 years$4,460$3,818$3,255$2,767$2,344$1,851
16 years$4,138$3,503$2,951$2,477$2,072$1,605
17 years$3,854$3,226$2,686$2,226$1,837$1,396
18 years$3,602$2,981$2,452$2,006$1,633$1,217
19 years$3,377$2,763$2,244$1,812$1,456$1,063
20 years$3,174$2,567$2,060$1,641$1,300$931
21 years$2,991$2,391$1,895$1,490$1,164$816
22 years$2,825$2,232$1,746$1,355$1,043$716
23 years$2,674$2,088$1,612$1,234$936$630
24 years$2,535$1,956$1,491$1,125$842$554
25 years$2,408$1,836$1,381$1,028$757$488
26 years$2,291$1,725$1,281$940$682$430
27 years$2,182$1,624$1,189$860$615$379
28 years$2,082$1,530$1,106$788$555$335
29 years$1,988$1,443$1,029$723$501$296
30 years$1,901$1,363$958$663$453$261
31 years$1,820$1,288$894$609$409$231
32 years$1,744$1,219$834$560$370$204
33 years$1,673$1,155$778$515$335$180
34 years$1,606$1,094$727$474$303$160
35 years$1,543$1,038$680$436$275$141
36 years$1,483$985$636$401$249$125
37 years$1,427$936$595$370$226$111
38 years$1,374$889$558$341$205$98
39 years$1,324$846$522$314$186$87
40 years$1,277$804$490$290$168$77
41 years$1,232$766$459$268$153$68
42 years$1,189$729$431$247$139$60
43 years$1,148$695$404$228$126$53
44 years$1,110$662$379$210$114$47
45 years$1,073$632$356$194$104$42
46 years$1,038$603$335$180$94$37
47 years$1,004$575$314$166$85$33
48 years$972$549$295$153$78$29
49 years$941$524$278$142$70$26
50 years$912$501$261$131$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $934,000, adding $3,167 every year, while hoping to spend $53,487 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: 77/13/10 Blend
57$934,000$934,000$934,000$934,000
58$1,032,535$983,033$968,556$1,110,015
59$1,080,944$974,292$944,093$1,152,683
60$1,132,497$963,329$917,017$1,192,293
61$1,187,461$949,981$887,186$1,234,192
62$1,246,123$934,071$854,448$1,278,584
63$1,308,801$915,414$818,645$1,325,698
64$1,375,843$893,814$779,614$1,375,785
65$1,447,629$869,062$737,182$1,429,123
66$1,524,579$840,937$691,169$1,486,018
67$1,607,151$809,207$641,388$1,546,808
68$1,695,847$773,625$587,641$1,611,866
69$1,791,220$733,930$529,724$1,681,604
70$1,893,877$689,845$467,422$1,756,477
71$2,004,483$641,078$400,511$1,836,988
72$2,123,770$587,321$328,759$1,923,691
73$2,252,542$528,247$251,919$2,017,199
74$2,391,681$463,511$169,738$2,118,187
75$2,542,158$392,748$81,950$2,227,401
76$2,705,039$315,573$0$2,345,667
77$2,881,496$231,580$0$2,475,145
78$3,072,820$140,338$0$2,625,000
79$3,280,426$41,394$0$2,787,621
80$3,505,875$0$0$2,964,265
81$3,750,882$0$0$3,165,720
82$4,017,333$0$0$3,391,277
83$4,307,303$0$0$3,636,775
84$4,623,077$0$0$3,904,150
85$4,967,167$0$0$4,195,534
86$5,342,339$0$0$4,513,275
87$5,751,637$0$0$4,859,953
88$6,198,412$0$0$5,238,412
89$6,686,351$0$0$5,651,780
90$7,219,514$0$0$6,103,502
91$7,802,371$0$0$6,597,370
92$8,439,844$0$0$7,137,558
93$9,137,350$0$0$7,728,664
94$9,900,855$0$0$8,375,750
95$10,736,931$0$0$9,084,390
96$11,652,811$0$0$9,860,721
97$12,656,463$0$0$10,711,505
98$13,756,663$0$0$11,644,186
99$14,963,074$0$0$12,666,964
100$16,286,340$0$0$13,788,870