Can I retire at age 58 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$112,308$111,307$110,331$109,379$108,448$106,828
2 years$55,598$54,562$53,559$52,586$51,642$50,013
3 years$36,697$35,657$34,656$33,692$32,764$31,177
4 years$27,248$26,212$25,221$24,273$23,367$21,835
5 years$21,581$20,550$19,572$18,644$17,764$16,290
6 years$17,804$16,781$15,817$14,910$14,056$12,643
7 years$15,107$14,093$13,144$12,258$11,431$10,079
8 years$13,085$12,080$11,147$10,283$9,483$8,192
9 years$11,513$10,518$9,601$8,759$7,986$6,755
10 years$10,257$9,271$8,371$7,550$6,805$5,633
11 years$9,229$8,253$7,369$6,571$5,852$4,739
12 years$8,374$7,408$6,540$5,764$5,071$4,015
13 years$7,650$6,694$5,843$5,088$4,422$3,421
14 years$7,031$6,085$5,250$4,517$3,877$2,929
15 years$6,494$5,559$4,740$4,028$3,413$2,517
16 years$6,025$5,100$4,298$3,607$3,017$2,171
17 years$5,612$4,697$3,911$3,241$2,675$1,877
18 years$5,245$4,340$3,570$2,921$2,378$1,628
19 years$4,917$4,022$3,268$2,639$2,120$1,414
20 years$4,622$3,738$2,999$2,390$1,893$1,230
21 years$4,356$3,482$2,759$2,169$1,694$1,072
22 years$4,114$3,250$2,543$1,972$1,519$935
23 years$3,893$3,040$2,348$1,796$1,363$817
24 years$3,692$2,848$2,171$1,638$1,225$714
25 years$3,506$2,673$2,011$1,496$1,103$625
26 years$3,335$2,512$1,865$1,368$993$548
27 years$3,178$2,364$1,732$1,252$896$480
28 years$3,031$2,228$1,610$1,147$808$421
29 years$2,895$2,101$1,498$1,052$730$369
30 years$2,768$1,985$1,396$966$659$324
31 years$2,650$1,876$1,301$887$596$284
32 years$2,539$1,775$1,214$815$539$250
33 years$2,436$1,681$1,133$749$488$219
34 years$2,338$1,593$1,059$690$442$193
35 years$2,246$1,511$990$635$400$169
36 years$2,160$1,434$926$585$363$149
37 years$2,078$1,362$867$539$329$131
38 years$2,001$1,295$812$496$298$115
39 years$1,928$1,231$761$458$270$101
40 years$1,859$1,171$713$422$245$89
41 years$1,794$1,115$668$390$222$78
42 years$1,731$1,062$627$360$202$69
43 years$1,672$1,012$588$332$183$61
44 years$1,616$964$552$306$166$53
45 years$1,562$920$519$283$151$47
46 years$1,511$877$487$261$137$41
47 years$1,462$837$458$242$124$36
48 years$1,415$799$430$223$113$32
49 years$1,371$763$404$206$103$28
50 years$1,328$729$380$191$93$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,360,000, adding $5,619 every year, while hoping to spend $23,854 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: 49/40/11 Blend
57$1,360,000$1,360,000$1,360,000$1,360,000
58$1,504,516$1,432,436$1,411,356$1,573,484
59$1,632,596$1,477,245$1,433,256$1,666,220
60$1,772,941$1,523,450$1,455,090$1,763,932
61$1,926,776$1,571,094$1,476,831$1,869,524
62$2,095,452$1,620,223$1,498,450$1,983,740
63$2,280,456$1,670,881$1,519,915$2,107,399
64$2,483,424$1,723,116$1,541,194$2,241,401
65$2,706,162$1,776,978$1,562,253$2,386,738
66$2,950,656$1,832,515$1,583,054$2,544,499
67$3,219,096$1,889,781$1,603,559$2,715,883
68$3,513,891$1,948,828$1,623,725$2,902,210
69$3,837,699$2,009,711$1,643,511$3,104,933
70$4,193,445$2,072,487$1,662,869$3,325,651
71$4,584,352$2,137,215$1,681,751$3,566,122
72$5,013,972$2,203,955$1,700,106$3,828,284
73$5,486,217$2,272,768$1,717,879$4,114,269
74$6,005,396$2,343,719$1,735,014$4,426,425
75$6,576,259$2,416,874$1,751,449$4,767,336
76$7,204,037$2,492,300$1,767,122$5,139,850
77$7,894,493$2,570,067$1,781,965$5,547,101
78$8,653,979$2,650,248$1,795,908$5,992,539
79$9,489,491$2,732,916$1,808,877$6,479,967
80$10,408,739$2,818,149$1,820,794$7,013,570
81$11,420,216$2,906,025$1,831,577$7,597,958
82$12,533,283$2,996,624$1,841,140$8,238,210
83$13,758,251$3,090,032$1,849,391$8,939,920
84$15,106,482$3,186,333$1,856,235$9,709,248
85$16,590,498$3,285,618$1,861,573$10,552,980
86$18,224,092$3,387,976$1,865,299$11,478,592
87$20,022,465$3,493,503$1,867,303$12,494,321
88$22,002,368$3,602,296$1,867,469$13,609,236
89$24,182,255$3,714,455$1,865,675$14,833,334
90$26,582,464$3,830,082$1,861,794$16,177,623
91$29,225,403$3,949,283$1,855,691$17,654,233
92$32,135,765$4,072,169$1,847,228$19,276,529
93$35,340,759$4,198,851$1,836,256$21,059,233
94$38,870,367$4,329,446$1,822,622$23,018,567
95$42,757,629$4,464,073$1,806,163$25,172,402
96$47,038,949$4,602,854$1,786,712$27,540,430
97$51,754,445$4,745,918$1,764,090$30,144,346
98$56,948,324$4,893,393$1,738,113$33,008,054
99$62,669,299$5,045,415$1,708,585$36,157,894
100$68,971,049$5,202,121$1,675,304$39,622,886