Can I retire at age 58 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$82,496$81,762$81,045$80,345$79,662$79,293
2 years$40,840$40,079$39,342$38,627$37,934$37,562
3 years$26,956$26,192$25,457$24,749$24,067$23,703
4 years$20,016$19,254$18,526$17,830$17,165$16,811
5 years$15,852$15,095$14,377$13,695$13,048$12,707
6 years$13,078$12,327$11,619$10,952$10,325$9,995
7 years$11,097$10,352$9,655$9,004$8,397$8,080
8 years$9,612$8,873$8,188$7,554$6,966$6,662
9 years$8,457$7,726$7,053$6,434$5,866$5,575
10 years$7,534$6,810$6,149$5,546$4,998$4,719
11 years$6,779$6,063$5,413$4,827$4,299$4,032
12 years$6,151$5,441$4,804$4,234$3,725$3,470
13 years$5,620$4,917$4,292$3,738$3,248$3,005
14 years$5,164$4,470$3,857$3,318$2,848$2,615
15 years$4,770$4,083$3,482$2,959$2,507$2,286
16 years$4,426$3,746$3,157$2,650$2,216$2,006
17 years$4,122$3,450$2,873$2,381$1,965$1,765
18 years$3,853$3,188$2,622$2,145$1,747$1,558
19 years$3,612$2,955$2,401$1,939$1,557$1,378
20 years$3,395$2,746$2,203$1,756$1,391$1,221
21 years$3,200$2,558$2,026$1,593$1,245$1,084
22 years$3,022$2,387$1,868$1,449$1,116$964
23 years$2,860$2,233$1,725$1,319$1,001$858
24 years$2,712$2,092$1,595$1,203$900$765
25 years$2,576$1,963$1,477$1,099$810$683
26 years$2,450$1,845$1,370$1,005$730$610
27 years$2,334$1,736$1,272$920$658$545
28 years$2,227$1,636$1,183$843$594$487
29 years$2,127$1,544$1,101$773$536$436
30 years$2,034$1,458$1,025$709$484$391
31 years$1,947$1,378$956$651$438$350
32 years$1,865$1,304$892$599$396$314
33 years$1,789$1,235$833$550$358$282
34 years$1,717$1,170$778$507$325$253
35 years$1,650$1,110$727$466$294$227
36 years$1,587$1,054$680$429$266$204
37 years$1,527$1,001$637$396$241$183
38 years$1,470$951$596$365$219$164
39 years$1,417$904$559$336$198$148
40 years$1,366$860$524$310$180$133
41 years$1,318$819$491$286$163$119
42 years$1,272$780$461$264$148$107
43 years$1,228$743$432$244$134$96
44 years$1,187$708$406$225$122$87
45 years$1,147$676$381$208$111$78
46 years$1,110$644$358$192$101$70
47 years$1,074$615$336$177$91$63
48 years$1,040$587$316$164$83$57
49 years$1,007$561$297$151$75$51
50 years$975$536$279$140$68$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $999,000, adding $4,577 every year, while hoping to spend $56,045 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: 46/32/22 Blend
57$999,000$999,000$999,000$999,000
58$1,105,619$1,052,672$1,037,188$1,149,316
59$1,158,761$1,044,622$1,012,302$1,172,397
60$1,215,445$1,034,298$984,704$1,191,523
61$1,275,973$1,021,532$954,244$1,211,130
62$1,340,676$1,006,141$920,766$1,231,290
63$1,409,917$987,934$884,104$1,252,087
64$1,484,095$966,709$844,087$1,273,614
65$1,563,645$942,250$800,537$1,295,981
66$1,649,047$914,330$753,265$1,319,311
67$1,740,826$882,708$702,075$1,343,745
68$1,839,558$847,130$646,763$1,369,444
69$1,945,879$807,325$587,115$1,396,590
70$2,060,483$763,008$522,908$1,425,389
71$2,184,134$713,877$453,907$1,456,074
72$2,317,673$659,614$379,870$1,488,909
73$2,462,021$599,881$300,541$1,524,191
74$2,618,193$534,321$215,655$1,562,253
75$2,787,303$462,557$124,935$1,603,471
76$2,970,578$384,192$28,090$1,648,267
77$3,169,364$298,805$0$1,697,114
78$3,385,143$205,950$0$1,768,210
79$3,619,546$105,160$0$1,852,668
80$3,874,365$0$0$1,944,627
81$4,151,573$0$0$2,046,343
82$4,453,340$0$0$2,197,483
83$4,782,054$0$0$2,362,224
84$5,140,342$0$0$2,541,898
85$5,531,098$0$0$2,737,968
86$5,957,503$0$0$2,952,047
87$6,423,062$0$0$3,185,909
88$6,931,631$0$0$3,441,505
89$7,487,457$0$0$3,720,988
90$8,095,215$0$0$4,026,724
91$8,760,051$0$0$4,361,320
92$9,487,633$0$0$4,727,647
93$10,284,201$0$0$5,128,866
94$11,156,627$0$0$5,568,458
95$12,112,478$0$0$6,050,256
96$13,160,090$0$0$6,578,482
97$14,308,640$0$0$7,157,788
98$15,568,239$0$0$7,793,293
99$16,950,020$0$0$8,490,641
100$18,466,249$0$0$9,256,046