Can I retire at age 58 with 939,000?

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 $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%19.1%
1 years$77,542$76,851$76,177$75,519$74,877$72,134
2 years$38,387$37,672$36,979$36,307$35,656$32,923
3 years$25,337$24,619$23,928$23,263$22,622$19,985
4 years$18,813$18,098$17,413$16,759$16,134$13,613
5 years$14,900$14,189$13,514$12,873$12,265$9,867
6 years$12,292$11,586$10,921$10,294$9,705$7,431
7 years$10,430$9,730$9,075$8,464$7,892$5,743
8 years$9,034$8,340$7,697$7,100$6,548$4,519
9 years$7,949$7,262$6,629$6,048$5,514$3,605
10 years$7,082$6,401$5,779$5,213$4,698$2,905
11 years$6,372$5,698$5,088$4,537$4,041$2,359
12 years$5,781$5,115$4,516$3,979$3,502$1,928
13 years$5,282$4,622$4,034$3,513$3,053$1,583
14 years$4,854$4,201$3,625$3,119$2,677$1,305
15 years$4,484$3,838$3,273$2,781$2,357$1,080
16 years$4,160$3,521$2,967$2,490$2,083$895
17 years$3,875$3,243$2,700$2,238$1,847$744
18 years$3,621$2,997$2,465$2,017$1,642$619
19 years$3,395$2,777$2,256$1,822$1,464$516
20 years$3,191$2,581$2,071$1,650$1,307$431
21 years$3,007$2,404$1,905$1,498$1,170$360
22 years$2,840$2,244$1,756$1,362$1,049$301
23 years$2,688$2,099$1,621$1,240$941$252
24 years$2,549$1,966$1,499$1,131$846$211
25 years$2,421$1,845$1,388$1,033$761$177
26 years$2,303$1,734$1,288$945$686$148
27 years$2,194$1,632$1,196$865$618$124
28 years$2,093$1,538$1,112$792$558$104
29 years$1,999$1,451$1,034$726$504$87
30 years$1,911$1,370$964$667$455$73
31 years$1,830$1,295$898$612$412$61
32 years$1,753$1,226$838$563$372$51
33 years$1,682$1,161$783$517$337$43
34 years$1,614$1,100$731$476$305$36
35 years$1,551$1,043$684$438$276$30
36 years$1,491$990$639$404$250$26
37 years$1,435$941$599$372$227$21
38 years$1,382$894$561$343$206$18
39 years$1,331$850$525$316$187$15
40 years$1,284$809$492$292$169$13
41 years$1,238$770$462$269$153$11
42 years$1,195$733$433$248$139$9
43 years$1,155$699$406$229$126$8
44 years$1,116$666$381$212$115$6
45 years$1,079$635$358$195$104$5
46 years$1,043$606$336$180$95$4
47 years$1,009$578$316$167$86$4
48 years$977$552$297$154$78$3
49 years$946$527$279$142$71$3
50 years$917$503$262$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $939,000, adding $3,375 every year, while hoping to spend $48,742 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: 58/33/9 Blend
57$939,000$939,000$939,000$939,000
58$1,038,259$988,492$973,938$1,096,118
59$1,092,301$985,067$954,704$1,132,020
60$1,150,221$979,841$933,191$1,165,358
61$1,212,363$972,673$909,274$1,200,504
62$1,279,106$963,416$882,816$1,237,634
63$1,350,864$951,913$853,680$1,276,947
64$1,428,092$937,996$821,718$1,318,662
65$1,511,290$921,490$786,777$1,363,024
66$1,601,005$902,207$748,699$1,410,304
67$1,697,843$879,950$707,315$1,460,804
68$1,802,463$854,509$662,451$1,514,857
69$1,915,596$825,661$613,924$1,572,836
70$2,038,041$793,172$561,544$1,635,153
71$2,170,677$756,793$505,112$1,702,267
72$2,314,471$716,262$444,419$1,774,684
73$2,470,488$671,299$379,248$1,852,969
74$2,639,897$621,612$309,371$1,937,746
75$2,823,984$566,889$234,553$2,029,708
76$3,024,165$506,801$154,545$2,129,623
77$3,241,996$441,001$69,089$2,238,343
78$3,479,192$369,121$0$2,356,809
79$3,737,636$290,775$0$2,488,190
80$4,019,404$205,552$0$2,638,739
81$4,326,779$113,020$0$2,803,123
82$4,662,275$12,722$0$2,982,791
83$5,028,657$0$0$3,179,343
84$5,428,971$0$0$3,429,347
85$5,866,570$0$0$3,707,763
86$6,345,145$0$0$4,012,329
87$6,868,760$0$0$4,345,641
88$7,441,892$0$0$4,710,559
89$8,069,467$0$0$5,110,231
90$8,756,912$0$0$5,548,124
91$9,510,205$0$0$6,028,056
92$10,335,925$0$0$6,554,234
93$11,241,324$0$0$7,131,288
94$12,234,383$0$0$7,764,320
95$13,323,898$0$0$8,458,948
96$14,519,554$0$0$9,221,364
97$15,832,020$0$0$10,058,382
98$17,273,050$0$0$10,977,515
99$18,855,588$0$0$11,987,034
100$20,593,897$0$0$13,096,054