Can I retire at age 58 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$134,604$133,405$132,235$131,093$129,978$124,772
2 years$66,636$65,395$64,192$63,026$61,895$56,715
3 years$43,982$42,736$41,536$40,381$39,268$34,278
4 years$32,658$31,416$30,228$29,092$28,007$23,244
5 years$25,865$24,630$23,458$22,346$21,290$16,767
6 years$21,338$20,112$18,958$17,870$16,846$12,565
7 years$18,106$16,890$15,754$14,692$13,700$9,660
8 years$15,683$14,478$13,361$12,325$11,366$7,562
9 years$13,799$12,606$11,507$10,498$9,572$5,999
10 years$12,293$11,111$10,032$9,049$8,156$4,807
11 years$11,061$9,892$8,832$7,876$7,014$3,881
12 years$10,036$8,878$7,839$6,908$6,078$3,152
13 years$9,169$8,023$7,003$6,099$5,300$2,573
14 years$8,426$7,293$6,292$5,414$4,646$2,108
15 years$7,784$6,662$5,681$4,828$4,091$1,732
16 years$7,222$6,113$5,151$4,323$3,616$1,427
17 years$6,726$5,629$4,687$3,884$3,206$1,178
18 years$6,286$5,202$4,279$3,500$2,850$974
19 years$5,893$4,821$3,917$3,163$2,541$806
20 years$5,540$4,480$3,595$2,865$2,269$668
21 years$5,221$4,173$3,306$2,600$2,031$554
22 years$4,931$3,895$3,047$2,364$1,820$460
23 years$4,666$3,643$2,814$2,153$1,634$382
24 years$4,425$3,413$2,602$1,964$1,469$318
25 years$4,202$3,203$2,410$1,793$1,322$264
26 years$3,998$3,011$2,235$1,640$1,190$220
27 years$3,808$2,833$2,076$1,501$1,073$183
28 years$3,633$2,670$1,930$1,375$968$152
29 years$3,470$2,519$1,796$1,261$875$127
30 years$3,318$2,379$1,673$1,157$790$106
31 years$3,176$2,249$1,559$1,063$714$88
32 years$3,043$2,128$1,455$977$646$73
33 years$2,919$2,015$1,358$898$585$61
34 years$2,802$1,910$1,269$826$529$51
35 years$2,692$1,811$1,187$761$480$42
36 years$2,589$1,719$1,110$701$435$35
37 years$2,491$1,633$1,039$646$394$29
38 years$2,399$1,552$973$595$357$24
39 years$2,311$1,476$912$549$324$20
40 years$2,228$1,404$854$506$294$17
41 years$2,150$1,336$801$467$266$14
42 years$2,075$1,273$752$431$242$12
43 years$2,004$1,213$705$398$219$10
44 years$1,937$1,156$662$367$199$8
45 years$1,872$1,102$622$339$181$7
46 years$1,811$1,052$584$313$164$6
47 years$1,752$1,003$548$289$149$5
48 years$1,696$958$515$267$135$4
49 years$1,643$915$484$247$123$3
50 years$1,591$874$455$228$112$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,630,000, adding $3,628 every year, while hoping to spend $40,118 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: 69/13/18 Blend
57$1,630,000$1,630,000$1,630,000$1,630,000
58$1,800,002$1,713,612$1,688,347$1,916,145
59$1,940,917$1,754,894$1,702,222$2,035,347
60$2,094,861$1,796,854$1,715,216$2,160,654
61$2,263,120$1,839,483$1,727,259$2,296,763
62$2,447,111$1,882,770$1,738,275$2,444,737
63$2,648,393$1,926,703$1,748,184$2,605,745
64$2,868,684$1,971,266$1,756,903$2,781,074
65$3,109,874$2,016,443$1,764,344$2,972,146
66$3,374,047$2,062,214$1,770,414$3,180,522
67$3,663,494$2,108,557$1,775,018$3,407,926
68$3,980,741$2,155,447$1,778,052$3,656,257
69$4,328,571$2,202,858$1,779,411$3,927,604
70$4,710,045$2,250,758$1,778,981$4,224,274
71$5,128,539$2,299,114$1,776,646$4,548,804
72$5,587,768$2,347,889$1,772,282$4,903,994
73$6,091,826$2,397,041$1,765,759$5,292,926
74$6,645,222$2,446,526$1,756,942$5,718,997
75$7,252,924$2,496,295$1,745,689$6,185,952
76$7,920,403$2,546,294$1,731,850$6,697,917
77$8,653,686$2,596,465$1,715,269$7,259,437
78$9,459,415$2,646,745$1,695,784$7,875,523
79$10,344,904$2,697,064$1,673,221$8,551,697
80$11,318,213$2,747,349$1,647,403$9,294,043
81$12,388,221$2,797,519$1,618,141$10,109,266
82$13,564,709$2,847,487$1,585,238$11,004,758
83$14,858,455$2,897,159$1,548,489$11,988,661
84$16,281,332$2,946,435$1,507,678$13,069,951
85$17,846,424$2,995,206$1,462,581$14,258,518
86$19,568,143$3,043,355$1,412,962$15,565,264
87$21,462,372$3,090,757$1,358,574$17,002,201
88$23,546,607$3,137,278$1,299,159$18,582,568
89$25,840,129$3,182,773$1,234,450$20,320,956
90$28,364,181$3,227,087$1,164,163$22,233,445
91$31,142,170$3,270,057$1,088,004$24,337,755
92$34,199,886$3,311,505$1,005,667$26,653,416
93$37,565,747$3,351,241$916,830$29,201,952
94$41,271,067$3,389,066$821,157$32,007,083
95$45,350,348$3,424,762$718,298$35,094,949
96$49,841,609$3,458,101$607,887$38,494,361
97$54,786,743$3,488,838$489,541$42,237,068
98$60,231,911$3,516,711$362,861$46,358,062
99$66,227,980$3,541,443$227,430$50,895,904
100$72,830,998$3,562,739$82,813$55,893,093