Can I retire at age 58 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$77,542$76,851$76,177$75,519$74,877$72,538
2 years$38,387$37,672$36,979$36,307$35,656$33,320
3 years$25,337$24,619$23,928$23,263$22,622$20,363
4 years$18,813$18,098$17,413$16,759$16,134$13,969
5 years$14,900$14,189$13,514$12,873$12,265$10,199
6 years$12,292$11,586$10,921$10,294$9,705$7,741
7 years$10,430$9,730$9,075$8,464$7,892$6,030
8 years$9,034$8,340$7,697$7,100$6,548$4,785
9 years$7,949$7,262$6,629$6,048$5,514$3,850
10 years$7,082$6,401$5,779$5,213$4,698$3,130
11 years$6,372$5,698$5,088$4,537$4,041$2,565
12 years$5,781$5,115$4,516$3,979$3,502$2,116
13 years$5,282$4,622$4,034$3,513$3,053$1,754
14 years$4,854$4,201$3,625$3,119$2,677$1,460
15 years$4,484$3,838$3,273$2,781$2,357$1,220
16 years$4,160$3,521$2,967$2,490$2,083$1,022
17 years$3,875$3,243$2,700$2,238$1,847$858
18 years$3,621$2,997$2,465$2,017$1,642$722
19 years$3,395$2,777$2,256$1,822$1,464$608
20 years$3,191$2,581$2,071$1,650$1,307$513
21 years$3,007$2,404$1,905$1,498$1,170$433
22 years$2,840$2,244$1,756$1,362$1,049$366
23 years$2,688$2,099$1,621$1,240$941$310
24 years$2,549$1,966$1,499$1,131$846$262
25 years$2,421$1,845$1,388$1,033$761$222
26 years$2,303$1,734$1,288$945$686$188
27 years$2,194$1,632$1,196$865$618$160
28 years$2,093$1,538$1,112$792$558$135
29 years$1,999$1,451$1,034$726$504$115
30 years$1,911$1,370$964$667$455$97
31 years$1,830$1,295$898$612$412$83
32 years$1,753$1,226$838$563$372$70
33 years$1,682$1,161$783$517$337$60
34 years$1,614$1,100$731$476$305$51
35 years$1,551$1,043$684$438$276$43
36 years$1,491$990$639$404$250$36
37 years$1,435$941$599$372$227$31
38 years$1,382$894$561$343$206$26
39 years$1,331$850$525$316$187$22
40 years$1,284$809$492$292$169$19
41 years$1,238$770$462$269$153$16
42 years$1,195$733$433$248$139$14
43 years$1,155$699$406$229$126$12
44 years$1,116$666$381$212$115$10
45 years$1,079$635$358$195$104$8
46 years$1,043$606$336$180$95$7
47 years$1,009$578$316$167$86$6
48 years$977$552$297$154$78$5
49 years$946$527$279$142$71$4
50 years$917$503$262$132$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $939,000, adding $2,394 every year, while hoping to spend $35,285 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: 61/27/12 Blend
57$939,000$939,000$939,000$939,000
58$1,037,247$987,480$972,926$1,097,409
59$1,105,504$998,324$967,976$1,148,929
60$1,179,539$1,008,516$961,678$1,200,897
61$1,259,907$1,017,988$953,948$1,256,743
62$1,347,214$1,026,666$944,702$1,316,843
63$1,442,128$1,034,471$933,848$1,381,614
64$1,545,385$1,041,320$921,291$1,451,514
65$1,657,793$1,047,123$906,933$1,527,050
66$1,780,242$1,051,786$890,670$1,608,779
67$1,913,711$1,055,208$872,392$1,697,319
68$2,059,279$1,057,283$851,986$1,793,350
69$2,218,131$1,057,895$829,333$1,897,622
70$2,391,573$1,056,925$804,309$2,010,963
71$2,581,044$1,054,244$776,783$2,134,288
72$2,788,124$1,049,716$746,619$2,268,605
73$3,014,557$1,043,196$713,675$2,415,026
74$3,262,260$1,034,531$677,802$2,574,779
75$3,533,346$1,023,559$638,844$2,749,218
76$3,830,140$1,010,106$596,638$2,939,839
77$4,155,204$993,991$551,014$3,148,290
78$4,511,357$975,019$501,796$3,376,390
79$4,901,706$952,985$448,797$3,626,146
80$5,329,672$927,673$391,823$3,899,773
81$5,799,022$898,853$330,673$4,199,713
82$6,313,906$866,280$265,134$4,528,661
83$6,878,894$829,698$194,986$4,889,589
84$7,499,022$788,835$119,999$5,285,775
85$8,179,836$743,400$39,932$5,720,837
86$8,927,443$693,091$0$6,198,765
87$9,748,575$637,585$0$6,729,784
88$10,650,643$576,541$0$7,318,758
89$11,641,816$509,598$0$7,965,954
90$12,731,089$436,377$0$8,677,313
91$13,928,376$356,474$0$9,459,385
92$15,244,595$269,466$0$10,319,388
93$16,691,777$174,904$0$11,265,284
94$18,283,178$72,313$0$12,305,847
95$20,033,399$0$0$13,450,753
96$21,958,532$0$0$14,722,196
97$24,076,302$0$0$16,144,583
98$26,406,242$0$0$17,709,555
99$28,969,872$0$0$19,431,579
100$31,790,903$0$0$21,326,592