Can I retire at age 58 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$77,294$76,606$75,934$75,278$74,638$71,790
2 years$38,264$37,552$36,861$36,191$35,542$32,706
3 years$25,256$24,540$23,852$23,188$22,549$19,815
4 years$18,753$18,040$17,358$16,706$16,082$13,470
5 years$14,853$14,143$13,470$12,832$12,226$9,742
6 years$12,253$11,549$10,886$10,262$9,674$7,321
7 years$10,397$9,699$9,046$8,437$7,867$5,645
8 years$9,006$8,314$7,672$7,077$6,527$4,432
9 years$7,924$7,239$6,608$6,028$5,496$3,527
10 years$7,059$6,381$5,761$5,196$4,683$2,835
11 years$6,352$5,680$5,072$4,522$4,028$2,296
12 years$5,763$5,098$4,501$3,967$3,490$1,871
13 years$5,265$4,607$4,021$3,502$3,044$1,533
14 years$4,839$4,188$3,613$3,109$2,668$1,260
15 years$4,470$3,826$3,262$2,772$2,349$1,039
16 years$4,147$3,510$2,958$2,482$2,076$859
17 years$3,862$3,233$2,691$2,230$1,841$712
18 years$3,610$2,987$2,457$2,010$1,637$591
19 years$3,384$2,768$2,249$1,816$1,459$491
20 years$3,181$2,573$2,064$1,645$1,303$409
21 years$2,998$2,396$1,899$1,493$1,166$340
22 years$2,831$2,237$1,750$1,357$1,045$284
23 years$2,680$2,092$1,616$1,236$938$237
24 years$2,541$1,960$1,494$1,128$843$197
25 years$2,413$1,839$1,384$1,030$759$165
26 years$2,296$1,729$1,284$942$684$138
27 years$2,187$1,627$1,192$862$616$115
28 years$2,086$1,533$1,108$790$556$96
29 years$1,993$1,446$1,031$724$502$80
30 years$1,905$1,366$960$665$454$67
31 years$1,824$1,291$895$610$410$56
32 years$1,748$1,222$835$561$371$47
33 years$1,676$1,157$780$516$336$39
34 years$1,609$1,097$729$475$304$33
35 years$1,546$1,040$681$437$275$27
36 years$1,487$987$637$402$250$23
37 years$1,430$938$597$371$226$19
38 years$1,377$891$559$342$205$16
39 years$1,327$847$523$315$186$13
40 years$1,280$806$491$291$169$11
41 years$1,235$767$460$268$153$9
42 years$1,192$731$432$247$139$8
43 years$1,151$696$405$228$126$7
44 years$1,112$664$380$211$114$6
45 years$1,075$633$357$195$104$5
46 years$1,040$604$335$180$94$4
47 years$1,006$576$315$166$86$3
48 years$974$550$296$154$78$3
49 years$943$525$278$142$71$2
50 years$914$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $936,000, adding $3,571 every year, while hoping to spend $45,299 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: 45/31/24 Blend
57$936,000$936,000$936,000$936,000
58$1,035,155$985,547$971,039$1,074,426
59$1,092,544$985,642$955,372$1,102,615
60$1,154,267$984,222$937,660$1,128,474
61$1,220,720$981,167$917,790$1,155,615
62$1,292,336$976,346$895,639$1,184,179
63$1,369,591$969,624$871,079$1,214,326
64$1,453,006$960,853$843,977$1,246,237
65$1,543,158$949,879$814,195$1,280,110
66$1,640,676$936,539$781,587$1,316,169
67$1,746,254$920,659$745,999$1,354,664
68$1,860,656$902,055$707,274$1,395,876
69$1,984,719$880,533$665,244$1,440,113
70$2,119,367$855,885$619,736$1,487,725
71$2,265,614$827,894$570,569$1,539,099
72$2,424,574$796,329$517,551$1,594,665
73$2,597,477$760,945$460,485$1,654,903
74$2,785,672$721,484$399,163$1,720,348
75$2,990,645$677,671$333,370$1,791,595
76$3,214,032$629,218$262,879$1,869,303
77$3,457,632$575,819$187,454$1,954,209
78$3,723,426$517,149$106,849$2,047,128
79$4,013,594$452,868$20,807$2,148,966
80$4,330,536$382,614$0$2,260,730
81$4,676,894$306,006$0$2,401,722
82$5,055,577$222,640$0$2,561,863
83$5,469,787$132,091$0$2,737,270
84$5,923,051$33,909$0$2,929,544
85$6,419,251$0$0$3,140,456
86$6,962,663$0$0$3,396,652
87$7,557,996$0$0$3,690,110
88$8,210,434$0$0$4,011,830
89$8,925,689$0$0$4,364,644
90$9,710,051$0$0$4,751,668
91$10,570,446$0$0$5,176,336
92$11,514,506$0$0$5,642,431
93$12,550,635$0$0$6,154,118
94$13,688,092$0$0$6,715,985
95$14,937,073$0$0$7,333,089
96$16,308,814$0$0$8,010,998
97$17,815,689$0$0$8,755,846
98$19,471,331$0$0$9,574,392
99$21,290,761$0$0$10,474,082
100$23,290,522$0$0$11,463,117