Can I retire at age 58 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$111,482$110,489$109,520$108,574$107,651$105,780
2 years$55,189$54,161$53,165$52,199$51,262$49,384
3 years$36,427$35,395$34,401$33,445$32,523$30,695
4 years$27,048$26,019$25,035$24,095$23,196$21,432
5 years$21,422$20,399$19,428$18,507$17,633$15,940
6 years$17,673$16,657$15,701$14,800$13,952$12,331
7 years$14,996$13,989$13,048$12,168$11,347$9,797
8 years$12,989$11,991$11,065$10,208$9,413$7,935
9 years$11,429$10,440$9,531$8,695$7,927$6,520
10 years$10,181$9,203$8,309$7,495$6,755$5,417
11 years$9,161$8,193$7,315$6,523$5,809$4,540
12 years$8,312$7,353$6,492$5,721$5,034$3,832
13 years$7,594$6,645$5,800$5,051$4,390$3,252
14 years$6,979$6,040$5,211$4,484$3,848$2,773
15 years$6,446$5,518$4,705$3,999$3,388$2,374
16 years$5,981$5,063$4,266$3,580$2,994$2,038
17 years$5,571$4,662$3,882$3,217$2,655$1,755
18 years$5,206$4,308$3,544$2,899$2,361$1,515
19 years$4,881$3,993$3,244$2,620$2,104$1,310
20 years$4,588$3,710$2,977$2,373$1,880$1,135
21 years$4,324$3,456$2,738$2,153$1,682$985
22 years$4,084$3,226$2,524$1,958$1,508$855
23 years$3,865$3,017$2,330$1,783$1,353$744
24 years$3,665$2,827$2,155$1,626$1,216$647
25 years$3,481$2,653$1,996$1,485$1,095$564
26 years$3,311$2,493$1,851$1,358$986$491
27 years$3,154$2,347$1,719$1,243$889$428
28 years$3,009$2,211$1,598$1,139$802$374
29 years$2,874$2,086$1,487$1,044$724$326
30 years$2,748$1,970$1,385$958$654$285
31 years$2,631$1,862$1,291$880$592$249
32 years$2,521$1,762$1,205$809$535$218
33 years$2,418$1,669$1,125$744$484$190
34 years$2,321$1,582$1,051$684$439$166
35 years$2,230$1,500$983$630$397$145
36 years$2,144$1,424$919$580$360$127
37 years$2,063$1,352$861$535$326$111
38 years$1,987$1,285$806$493$296$97
39 years$1,914$1,222$755$454$268$85
40 years$1,846$1,163$708$419$243$75
41 years$1,781$1,107$664$387$221$65
42 years$1,719$1,054$622$357$200$57
43 years$1,660$1,004$584$329$182$50
44 years$1,604$957$548$304$165$44
45 years$1,551$913$515$281$150$38
46 years$1,500$871$484$259$136$33
47 years$1,451$831$454$240$123$29
48 years$1,405$793$427$222$112$26
49 years$1,361$758$401$205$102$22
50 years$1,318$724$377$189$92$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,350,000, adding $4,618 every year, while hoping to spend $48,035 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: 62/20/18 Blend
57$1,350,000$1,350,000$1,350,000$1,350,000
58$1,492,463$1,420,913$1,399,988$1,577,882
59$1,593,586$1,439,429$1,395,779$1,654,492
60$1,703,413$1,457,243$1,389,819$1,732,286
61$1,822,782$1,474,268$1,381,999$1,816,092
62$1,952,613$1,490,415$1,372,203$1,906,498
63$2,093,920$1,505,586$1,360,313$2,004,156
64$2,247,818$1,519,678$1,346,201$2,109,780
65$2,415,534$1,532,580$1,329,737$2,224,163
66$2,598,417$1,544,175$1,310,782$2,348,176
67$2,797,954$1,554,339$1,289,192$2,482,782
68$3,015,781$1,562,937$1,264,815$2,629,042
69$3,253,698$1,569,828$1,237,494$2,788,128
70$3,513,687$1,574,861$1,207,062$2,961,331
71$3,797,930$1,577,876$1,173,345$3,150,077
72$4,108,830$1,578,704$1,136,164$3,355,938
73$4,449,033$1,577,162$1,095,328$3,580,648
74$4,821,451$1,573,060$1,050,638$3,826,121
75$5,229,292$1,566,193$1,001,887$4,094,468
76$5,676,089$1,556,346$948,860$4,388,016
77$6,165,731$1,543,288$891,328$4,709,332
78$6,702,504$1,526,777$829,055$5,061,250
79$7,291,125$1,506,554$761,794$5,446,894
80$7,936,792$1,482,348$689,286$5,869,709
81$8,645,228$1,453,867$611,261$6,333,495
82$9,422,741$1,420,805$527,437$6,842,445
83$10,276,274$1,382,838$437,520$7,401,179
84$11,213,478$1,339,622$341,201$8,014,798
85$12,242,782$1,290,792$238,160$8,688,923
86$13,373,468$1,235,964$128,062$9,429,753
87$14,615,766$1,174,729$10,555$10,244,128
88$15,980,941$1,106,658$0$11,139,586
89$17,481,406$1,031,294$0$12,146,500
90$19,130,837$948,155$0$13,255,578
91$20,944,299$856,731$0$14,474,977
92$22,938,391$756,484$0$15,815,924
93$25,131,400$646,845$0$17,290,794
94$27,543,475$527,212$0$18,913,227
95$30,196,814$396,951$0$20,698,256
96$33,115,877$255,390$0$22,662,451
97$36,327,613$101,820$0$24,824,076
98$39,861,714$0$0$27,203,260
99$43,750,897$0$0$29,836,388
100$48,031,211$0$0$32,759,106