Can I retire at age 58 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$115,611$114,581$113,576$112,596$111,638$109,653
2 years$57,233$56,167$55,134$54,132$53,161$51,168
3 years$37,776$36,706$35,675$34,683$33,727$31,789
4 years$28,050$26,983$25,963$24,987$24,055$22,185
5 years$22,216$21,155$20,148$19,193$18,286$16,490
6 years$18,327$17,274$16,283$15,349$14,469$12,750
7 years$15,551$14,507$13,531$12,619$11,767$10,125
8 years$13,470$12,435$11,475$10,586$9,762$8,196
9 years$11,852$10,827$9,884$9,017$8,221$6,730
10 years$10,558$9,544$8,617$7,772$7,005$5,588
11 years$9,501$8,496$7,586$6,764$6,024$4,680
12 years$8,620$7,626$6,732$5,933$5,221$3,947
13 years$7,875$6,891$6,015$5,238$4,552$3,348
14 years$7,237$6,264$5,405$4,650$3,991$2,853
15 years$6,685$5,722$4,880$4,147$3,514$2,441
16 years$6,203$5,250$4,424$3,713$3,105$2,094
17 years$5,777$4,835$4,026$3,336$2,753$1,802
18 years$5,399$4,468$3,675$3,007$2,448$1,554
19 years$5,062$4,141$3,364$2,717$2,182$1,343
20 years$4,758$3,848$3,088$2,460$1,949$1,163
21 years$4,484$3,584$2,840$2,233$1,744$1,008
22 years$4,235$3,346$2,617$2,030$1,563$875
23 years$4,008$3,129$2,417$1,849$1,403$760
24 years$3,800$2,932$2,235$1,686$1,261$661
25 years$3,609$2,751$2,070$1,540$1,135$575
26 years$3,434$2,586$1,920$1,408$1,022$501
27 years$3,271$2,434$1,783$1,289$922$437
28 years$3,120$2,293$1,657$1,181$832$381
29 years$2,980$2,163$1,542$1,083$751$332
30 years$2,850$2,043$1,437$994$679$290
31 years$2,728$1,931$1,339$913$614$253
32 years$2,614$1,827$1,250$839$555$221
33 years$2,507$1,731$1,167$771$502$193
34 years$2,407$1,640$1,090$710$455$168
35 years$2,312$1,556$1,019$653$412$147
36 years$2,224$1,477$953$602$373$129
37 years$2,140$1,402$892$554$338$112
38 years$2,060$1,333$836$511$307$98
39 years$1,985$1,267$783$471$278$86
40 years$1,914$1,206$734$435$252$75
41 years$1,847$1,148$688$401$229$66
42 years$1,782$1,093$646$370$208$57
43 years$1,721$1,042$606$342$188$50
44 years$1,663$993$569$315$171$44
45 years$1,608$947$534$291$155$38
46 years$1,555$903$501$269$141$34
47 years$1,505$862$471$249$128$29
48 years$1,457$823$443$230$116$26
49 years$1,411$786$416$212$106$22
50 years$1,367$751$391$196$96$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,400,000, adding $6,917 every year, while hoping to spend $21,720 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: 82/12/6 Blend
57$1,400,000$1,400,000$1,400,000$1,400,000
58$1,549,935$1,475,735$1,454,035$1,675,860
59$1,684,918$1,524,936$1,479,635$1,808,386
60$1,832,942$1,575,820$1,505,365$1,950,214
61$1,995,313$1,628,446$1,531,206$2,105,235
62$2,173,472$1,682,877$1,557,138$2,274,757
63$2,369,004$1,739,176$1,583,140$2,460,219
64$2,583,656$1,797,409$1,609,189$2,663,209
65$2,819,353$1,857,645$1,635,260$2,885,470
66$3,078,213$1,919,957$1,661,328$3,128,928
67$3,362,573$1,984,417$1,687,365$3,395,698
68$3,675,005$2,051,103$1,713,341$3,688,115
69$4,018,342$2,120,094$1,739,225$4,008,746
70$4,395,708$2,191,473$1,764,983$4,360,422
71$4,810,540$2,265,325$1,790,580$4,746,258
72$5,266,629$2,341,740$1,815,979$5,169,690
73$5,768,150$2,420,810$1,841,139$5,634,497
74$6,319,703$2,502,631$1,866,018$6,144,847
75$6,926,354$2,587,301$1,890,571$6,705,329
76$7,593,688$2,674,925$1,914,752$7,320,997
77$8,327,857$2,765,609$1,938,508$7,997,423
78$9,135,639$2,859,465$1,961,789$8,740,742
79$10,024,502$2,956,607$1,984,537$9,557,713
80$11,002,676$3,057,155$2,006,694$10,455,785
81$12,079,228$3,161,234$2,028,197$11,443,163
82$13,264,147$3,268,973$2,048,979$12,528,886
83$14,568,443$3,380,505$2,068,973$13,722,915
84$16,004,244$3,495,970$2,088,103$15,036,224
85$17,584,917$3,615,512$2,106,294$16,480,904
86$19,325,187$3,739,281$2,123,464$18,070,276
87$21,241,283$3,867,433$2,139,528$19,819,019
88$23,351,087$4,000,130$2,154,394$21,743,306
89$25,674,301$4,137,539$2,167,969$23,860,958
90$28,232,636$4,279,836$2,180,154$26,191,609
91$31,050,019$4,427,201$2,190,842$28,756,896
92$34,152,810$4,579,823$2,199,925$31,580,657
93$37,570,060$4,737,898$2,207,286$34,689,161
94$41,333,780$4,901,629$2,212,804$38,111,353
95$45,479,244$5,071,227$2,216,351$41,879,127
96$50,045,322$5,246,913$2,217,794$46,027,626
97$55,074,847$5,428,913$2,216,992$50,595,576
98$60,615,018$5,617,466$2,213,798$55,625,649
99$66,717,846$5,812,818$2,208,056$61,164,867
100$73,440,645$6,015,226$2,199,605$67,265,043