Can I retire at age 58 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$126,346$125,221$124,123$123,051$122,004$121,388
2 years$62,548$61,383$60,254$59,159$58,097$57,475
3 years$41,284$40,114$38,988$37,904$36,859$36,251
4 years$30,655$29,488$28,373$27,308$26,288$25,698
5 years$24,278$23,119$22,019$20,975$19,984$19,414
6 years$20,029$18,878$17,795$16,774$15,813$15,263
7 years$16,995$15,854$14,787$13,791$12,860$12,332
8 years$14,721$13,590$12,541$11,569$10,669$10,161
9 years$12,952$11,832$10,801$9,854$8,984$8,498
10 years$11,539$10,430$9,417$8,494$7,655$7,190
11 years$10,383$9,285$8,291$7,392$6,584$6,138
12 years$9,420$8,334$7,358$6,484$5,705$5,280
13 years$8,606$7,531$6,574$5,725$4,975$4,570
14 years$7,910$6,846$5,906$5,082$4,361$3,975
15 years$7,306$6,254$5,333$4,532$3,840$3,472
16 years$6,778$5,738$4,835$4,058$3,394$3,044
17 years$6,313$5,284$4,399$3,646$3,009$2,677
18 years$5,901$4,883$4,016$3,286$2,676$2,361
19 years$5,532$4,525$3,677$2,969$2,385$2,086
20 years$5,200$4,205$3,374$2,689$2,130$1,848
21 years$4,900$3,917$3,104$2,440$1,906$1,639
22 years$4,628$3,656$2,860$2,219$1,709$1,456
23 years$4,380$3,420$2,641$2,021$1,534$1,296
24 years$4,153$3,204$2,443$1,843$1,379$1,154
25 years$3,945$3,007$2,262$1,683$1,241$1,029
26 years$3,752$2,826$2,098$1,539$1,117$918
27 years$3,575$2,660$1,948$1,409$1,007$820
28 years$3,410$2,506$1,811$1,291$909$733
29 years$3,257$2,364$1,686$1,184$821$656
30 years$3,114$2,233$1,570$1,086$742$587
31 years$2,981$2,111$1,464$998$671$526
32 years$2,857$1,997$1,366$917$607$471
33 years$2,740$1,891$1,275$843$549$422
34 years$2,630$1,793$1,191$776$497$378
35 years$2,527$1,700$1,114$714$450$339
36 years$2,430$1,614$1,042$658$408$304
37 years$2,338$1,533$975$606$370$273
38 years$2,252$1,457$913$559$335$245
39 years$2,170$1,385$856$515$304$220
40 years$2,092$1,318$802$475$276$197
41 years$2,018$1,254$752$438$250$177
42 years$1,948$1,195$705$404$227$159
43 years$1,881$1,138$662$373$206$143
44 years$1,818$1,085$621$345$187$128
45 years$1,757$1,035$583$318$170$115
46 years$1,700$987$548$294$154$104
47 years$1,645$942$515$272$140$93
48 years$1,592$899$484$251$127$84
49 years$1,542$859$455$232$115$75
50 years$1,494$820$428$214$105$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,530,000, adding $6,592 every year, while hoping to spend $41,096 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: 70/12/18 Blend
57$1,530,000$1,530,000$1,530,000$1,530,000
58$1,692,860$1,611,770$1,588,055$1,803,621
59$1,821,806$1,647,021$1,597,529$1,913,499
60$1,962,526$1,682,621$1,605,943$2,028,212
61$2,116,180$1,718,546$1,613,218$2,152,735
62$2,284,041$1,754,765$1,619,271$2,288,030
63$2,467,512$1,791,248$1,624,016$2,435,161
64$2,668,138$1,827,958$1,627,360$2,595,297
65$2,887,619$1,864,859$1,629,208$2,769,727
66$3,127,829$1,901,910$1,629,458$2,959,874
67$3,390,828$1,939,064$1,628,006$3,167,301
68$3,678,888$1,976,274$1,624,740$3,393,734
69$3,994,509$2,013,486$1,619,543$3,641,073
70$4,340,446$2,050,643$1,612,294$3,911,414
71$4,719,731$2,087,684$1,602,865$4,207,064
72$5,135,704$2,124,541$1,591,122$4,530,567
73$5,592,045$2,161,143$1,576,924$4,884,727
74$6,092,807$2,197,412$1,560,124$5,272,632
75$6,642,453$2,233,266$1,540,568$5,697,687
76$7,245,901$2,268,613$1,518,095$6,163,644
77$7,908,567$2,303,359$1,492,535$6,674,638
78$8,636,418$2,337,401$1,463,712$7,235,226
79$9,436,026$2,370,627$1,431,440$7,850,430
80$10,314,634$2,402,921$1,395,527$8,525,785
81$11,280,218$2,434,155$1,355,768$9,267,392
82$12,341,566$2,464,195$1,311,952$10,081,973
83$13,508,361$2,492,895$1,263,857$10,976,939
84$14,791,269$2,520,103$1,211,252$11,960,455
85$16,202,043$2,545,653$1,153,894$13,041,521
86$17,753,632$2,569,370$1,091,530$14,230,057
87$19,460,300$2,591,067$1,023,894$15,536,995
88$21,337,766$2,610,545$950,710$16,974,383
89$23,403,348$2,627,591$871,688$18,555,501
90$25,676,127$2,641,981$786,527$20,294,982
91$28,177,127$2,653,473$694,911$22,208,957
92$30,929,513$2,661,812$596,509$24,315,201
93$33,958,809$2,666,727$490,979$26,633,306
94$37,293,140$2,667,929$377,959$29,184,865
95$40,963,495$2,665,111$257,075$31,993,673
96$45,004,019$2,657,949$127,934$35,085,958
97$49,452,337$2,646,097$0$38,490,625
98$54,349,908$2,629,188$0$42,241,426
99$59,742,414$2,606,834$0$46,397,917
100$65,680,193$2,578,622$0$50,974,279