Can I retire at age 58 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$119,740$118,673$117,632$116,617$115,625$112,014
2 years$59,277$58,173$57,103$56,066$55,060$51,453
3 years$39,125$38,017$36,950$35,922$34,932$31,444
4 years$29,052$27,946$26,890$25,880$24,914$21,571
5 years$23,009$21,910$20,868$19,878$18,939$15,750
6 years$18,982$17,891$16,864$15,897$14,986$11,953
7 years$16,106$15,025$14,014$13,070$12,188$9,312
8 years$13,951$12,879$11,885$10,964$10,111$7,389
9 years$12,275$11,214$10,237$9,339$8,515$5,945
10 years$10,935$9,884$8,925$8,050$7,255$4,833
11 years$9,840$8,799$7,857$7,006$6,239$3,961
12 years$8,928$7,898$6,973$6,145$5,407$3,267
13 years$8,156$7,137$6,230$5,425$4,715$2,709
14 years$7,496$6,488$5,598$4,816$4,133$2,255
15 years$6,924$5,927$5,054$4,295$3,639$1,884
16 years$6,424$5,438$4,582$3,846$3,216$1,578
17 years$5,983$5,008$4,169$3,455$2,852$1,325
18 years$5,592$4,627$3,806$3,114$2,536$1,114
19 years$5,242$4,289$3,484$2,814$2,260$939
20 years$4,928$3,985$3,198$2,548$2,019$792
21 years$4,644$3,712$2,941$2,313$1,807$669
22 years$4,386$3,465$2,711$2,103$1,619$565
23 years$4,151$3,241$2,503$1,915$1,454$478
24 years$3,936$3,036$2,315$1,747$1,307$405
25 years$3,738$2,850$2,144$1,595$1,176$343
26 years$3,556$2,678$1,989$1,459$1,059$291
27 years$3,388$2,520$1,846$1,335$955$246
28 years$3,232$2,375$1,717$1,223$862$209
29 years$3,087$2,241$1,597$1,122$778$177
30 years$2,952$2,116$1,488$1,029$703$150
31 years$2,825$2,000$1,387$945$635$128
32 years$2,707$1,893$1,294$869$575$108
33 years$2,597$1,792$1,208$799$520$92
34 years$2,493$1,699$1,129$735$471$78
35 years$2,395$1,611$1,056$677$427$66
36 years$2,303$1,529$988$623$387$56
37 years$2,216$1,453$924$574$350$48
38 years$2,134$1,380$866$529$318$41
39 years$2,056$1,313$811$488$288$34
40 years$1,982$1,249$760$450$261$29
41 years$1,912$1,189$713$415$237$25
42 years$1,846$1,132$669$383$215$21
43 years$1,783$1,079$627$354$195$18
44 years$1,723$1,028$589$327$177$15
45 years$1,666$981$553$302$161$13
46 years$1,611$935$519$279$146$11
47 years$1,559$893$488$257$133$9
48 years$1,509$852$458$238$120$8
49 years$1,461$814$431$220$109$7
50 years$1,416$777$405$203$99$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,450,000, adding $6,842 every year, while hoping to spend $39,118 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: 30/44/26 Blend
57$1,450,000$1,450,000$1,450,000$1,450,000
58$1,604,958$1,528,108$1,505,633$1,640,061
59$1,727,042$1,561,364$1,514,450$1,701,104
60$1,860,268$1,594,938$1,522,252$1,762,822
61$2,005,731$1,628,805$1,528,962$1,828,429
62$2,164,635$1,662,937$1,534,503$1,898,291
63$2,338,310$1,697,302$1,538,790$1,972,809
64$2,528,214$1,731,868$1,541,737$2,052,427
65$2,735,959$1,766,595$1,543,251$2,137,636
66$2,963,313$1,801,445$1,543,237$2,228,978
67$3,212,229$1,836,374$1,541,594$2,327,049
68$3,484,854$1,871,334$1,538,215$2,432,509
69$3,783,554$1,906,274$1,532,990$2,546,087
70$4,110,933$1,941,139$1,525,802$2,668,588
71$4,469,861$1,975,867$1,516,529$2,800,900
72$4,863,498$2,010,395$1,505,043$2,944,002
73$5,295,323$2,044,653$1,491,210$3,098,978
74$5,769,170$2,078,565$1,474,890$3,267,022
75$6,289,262$2,112,051$1,455,936$3,449,454
76$6,860,250$2,145,025$1,434,193$3,647,731
77$7,487,258$2,177,393$1,409,500$3,863,460
78$8,175,929$2,209,057$1,381,689$4,098,415
79$8,932,481$2,239,908$1,350,583$4,354,556
80$9,763,763$2,269,833$1,315,997$4,634,045
81$10,677,322$2,298,709$1,277,738$4,939,268
82$11,681,470$2,326,407$1,235,603$5,272,859
83$12,785,365$2,352,786$1,189,381$5,637,725
84$13,999,098$2,377,698$1,138,851$6,037,074
85$15,333,785$2,400,984$1,083,781$6,474,445
86$16,801,673$2,422,475$1,023,930$6,953,744
87$18,416,257$2,441,989$959,045$7,479,281
88$20,192,404$2,459,335$888,862$8,055,813
89$22,146,495$2,474,309$813,105$8,688,587
90$24,296,579$2,486,692$731,486$9,383,390
91$26,662,543$2,496,252$643,703$10,146,611
92$29,266,298$2,502,744$549,443$10,985,296
93$32,131,988$2,505,906$448,376$11,907,217
94$35,286,214$2,505,459$340,161$12,920,948
95$38,758,290$2,501,109$224,438$14,035,949
96$42,580,513$2,492,541$100,834$15,262,651
97$46,788,473$2,479,423$0$16,612,563
98$51,421,384$2,461,401$0$18,106,997
99$56,522,457$2,438,102$0$19,781,745
100$62,139,307$2,409,128$0$21,624,360