Can I retire at age 58 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$103,224$102,304$101,407$100,532$99,677$98,842
2 years$51,101$50,149$49,227$48,333$47,465$46,623
3 years$33,729$32,773$31,853$30,967$30,114$29,292
4 years$25,045$24,092$23,181$22,310$21,477$20,681
5 years$19,835$18,888$17,989$17,136$16,327$15,559
6 years$16,364$15,424$14,538$13,704$12,919$12,180
7 years$13,885$12,953$12,081$11,267$10,506$9,797
8 years$12,027$11,103$10,246$9,451$8,716$8,036
9 years$10,582$9,667$8,825$8,051$7,340$6,689
10 years$9,427$8,521$7,694$6,940$6,254$5,632
11 years$8,483$7,586$6,773$6,040$5,379$4,785
12 years$7,696$6,809$6,011$5,298$4,661$4,096
13 years$7,031$6,153$5,371$4,677$4,065$3,526
14 years$6,462$5,593$4,825$4,152$3,563$3,051
15 years$5,969$5,109$4,357$3,703$3,137$2,651
16 years$5,538$4,688$3,950$3,315$2,773$2,312
17 years$5,158$4,317$3,594$2,979$2,458$2,022
18 years$4,821$3,989$3,281$2,684$2,186$1,773
19 years$4,519$3,697$3,004$2,426$1,948$1,558
20 years$4,248$3,436$2,757$2,197$1,740$1,372
21 years$4,004$3,200$2,536$1,994$1,557$1,210
22 years$3,781$2,987$2,337$1,813$1,396$1,069
23 years$3,579$2,794$2,158$1,651$1,253$945
24 years$3,393$2,618$1,996$1,506$1,126$837
25 years$3,223$2,457$1,848$1,375$1,014$741
26 years$3,066$2,309$1,714$1,257$913$657
27 years$2,921$2,173$1,592$1,151$823$584
28 years$2,786$2,047$1,480$1,054$743$518
29 years$2,661$1,931$1,377$967$671$461
30 years$2,544$1,824$1,283$887$606$410
31 years$2,436$1,724$1,196$815$548$364
32 years$2,334$1,632$1,116$749$496$324
33 years$2,239$1,545$1,042$689$448$289
34 years$2,149$1,464$973$634$406$257
35 years$2,065$1,389$910$583$368$229
36 years$1,985$1,318$851$537$333$204
37 years$1,910$1,252$797$495$302$182
38 years$1,840$1,190$746$456$274$162
39 years$1,772$1,132$699$421$248$145
40 years$1,709$1,077$655$388$225$129
41 years$1,649$1,025$614$358$204$115
42 years$1,591$976$576$330$185$102
43 years$1,537$930$541$305$168$91
44 years$1,485$886$508$282$153$82
45 years$1,436$845$477$260$139$73
46 years$1,389$806$448$240$126$65
47 years$1,344$770$421$222$114$58
48 years$1,301$735$395$205$104$52
49 years$1,260$702$372$190$94$46
50 years$1,220$670$349$175$86$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,250,000, adding $5,711 every year, while hoping to spend $42,230 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: 52/36/12 Blend
57$1,250,000$1,250,000$1,250,000$1,250,000
58$1,383,391$1,317,141$1,297,766$1,450,652
59$1,479,564$1,336,748$1,296,309$1,516,784
60$1,584,132$1,355,901$1,293,387$1,583,682
61$1,697,906$1,374,533$1,288,908$1,655,468
62$1,821,779$1,392,571$1,282,773$1,732,616
63$1,956,733$1,409,940$1,274,879$1,815,646
64$2,103,850$1,426,558$1,265,118$1,905,135
65$2,264,321$1,442,337$1,253,377$2,001,717
66$2,439,455$1,457,185$1,239,538$2,106,094
67$2,630,694$1,471,001$1,223,477$2,219,039
68$2,839,625$1,483,681$1,205,064$2,341,405
69$3,067,996$1,495,110$1,184,163$2,474,135
70$3,317,731$1,505,170$1,160,632$2,618,268
71$3,590,948$1,513,732$1,134,322$2,774,951
72$3,889,980$1,520,660$1,105,077$2,945,451
73$4,217,395$1,525,809$1,072,734$3,131,165
74$4,576,021$1,529,026$1,037,122$3,333,633
75$4,968,974$1,530,146$998,064$3,554,558
76$5,399,682$1,528,997$955,372$3,795,816
77$5,871,925$1,525,393$908,853$4,059,479
78$6,389,864$1,519,139$858,301$4,347,832
79$6,958,080$1,510,028$803,505$4,663,397
80$7,581,623$1,497,838$744,241$5,008,955
81$8,266,052$1,482,336$680,277$5,387,576
82$9,017,493$1,463,274$611,370$5,802,647
83$9,842,693$1,440,389$537,266$6,257,903
84$10,749,083$1,413,404$457,700$6,757,465
85$11,744,852$1,382,024$372,396$7,305,880
86$12,839,020$1,345,935$281,063$7,908,163
87$14,041,522$1,304,809$183,401$8,569,846
88$15,363,307$1,258,294$79,095$9,297,032
89$16,816,435$1,206,021$0$10,096,451
90$18,414,193$1,147,597$0$10,979,652
91$20,171,221$1,082,609$0$11,961,774
92$22,103,646$1,010,619$0$13,041,757
93$24,229,241$931,162$0$14,229,607
94$26,567,583$843,748$0$15,536,360
95$29,140,246$747,861$0$16,974,181
96$31,970,997$642,953$0$18,556,484
97$35,086,027$528,445$0$20,298,057
98$38,514,189$403,726$0$22,215,206
99$42,287,280$268,153$0$24,325,906
100$46,440,333$121,042$0$26,649,975