Can I retire at age 58 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$140,384$139,134$137,914$136,723$135,560$130,647
2 years$69,497$68,203$66,949$65,732$64,553$59,656
3 years$45,871$44,571$43,320$42,115$40,955$36,229
4 years$34,061$32,765$31,526$30,342$29,209$24,691
5 years$26,976$25,688$24,465$23,305$22,204$17,905
6 years$22,255$20,976$19,772$18,637$17,570$13,492
7 years$18,883$17,616$16,430$15,323$14,289$10,433
8 years$16,356$15,100$13,934$12,854$11,854$8,216
9 years$14,392$13,147$12,002$10,949$9,983$6,557
10 years$12,821$11,589$10,463$9,438$8,506$5,287
11 years$11,537$10,317$9,212$8,214$7,315$4,297
12 years$10,467$9,260$8,175$7,205$6,339$3,514
13 years$9,563$8,368$7,304$6,361$5,528$2,888
14 years$8,788$7,606$6,563$5,646$4,846$2,382
15 years$8,118$6,949$5,925$5,035$4,267$1,972
16 years$7,532$6,375$5,372$4,509$3,771$1,636
17 years$7,015$5,871$4,888$4,051$3,343$1,361
18 years$6,556$5,425$4,462$3,651$2,973$1,133
19 years$6,146$5,028$4,085$3,299$2,650$946
20 years$5,778$4,672$3,749$2,988$2,367$790
21 years$5,445$4,352$3,448$2,712$2,118$660
22 years$5,142$4,063$3,178$2,465$1,899$553
23 years$4,867$3,800$2,935$2,245$1,704$463
24 years$4,615$3,560$2,714$2,048$1,532$388
25 years$4,383$3,341$2,514$1,870$1,378$325
26 years$4,169$3,140$2,331$1,710$1,242$273
27 years$3,972$2,955$2,165$1,565$1,119$229
28 years$3,789$2,784$2,013$1,434$1,010$192
29 years$3,619$2,627$1,873$1,315$912$161
30 years$3,460$2,481$1,744$1,207$824$135
31 years$3,313$2,345$1,626$1,108$745$113
32 years$3,174$2,219$1,517$1,019$674$95
33 years$3,044$2,101$1,417$937$610$80
34 years$2,923$1,992$1,324$862$552$67
35 years$2,808$1,889$1,238$793$500$56
36 years$2,700$1,793$1,158$731$453$47
37 years$2,598$1,703$1,084$673$411$40
38 years$2,502$1,618$1,015$621$372$33
39 years$2,411$1,539$951$572$338$28
40 years$2,324$1,464$891$528$306$24
41 years$2,242$1,394$836$487$278$20
42 years$2,164$1,327$784$449$252$17
43 years$2,090$1,265$736$415$229$14
44 years$2,020$1,206$690$383$208$12
45 years$1,953$1,150$648$354$189$10
46 years$1,889$1,097$609$327$171$8
47 years$1,828$1,047$572$302$155$7
48 years$1,769$999$538$279$141$6
49 years$1,713$954$505$258$128$5
50 years$1,660$911$475$238$116$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,700,000, adding $3,361 every year, while hoping to spend $48,278 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: 50/39/11 Blend
57$1,700,000$1,700,000$1,700,000$1,700,000
58$1,876,867$1,786,767$1,760,417$1,965,015
59$2,016,940$1,822,951$1,768,023$2,061,910
60$2,169,682$1,859,290$1,774,267$2,161,767
61$2,336,335$1,895,741$1,779,050$2,269,172
62$2,518,265$1,932,256$1,782,272$2,384,847
63$2,716,976$1,968,785$1,783,826$2,509,589
64$2,934,124$2,005,271$1,783,601$2,644,274
65$3,171,532$2,041,656$1,781,478$2,789,869
66$3,431,206$2,077,875$1,777,335$2,947,440
67$3,715,356$2,113,858$1,771,043$3,118,161
68$4,026,416$2,149,531$1,762,467$3,303,327
69$4,367,065$2,184,812$1,751,464$3,504,365
70$4,740,253$2,219,616$1,737,886$3,722,850
71$5,149,231$2,253,850$1,721,577$3,960,516
72$5,597,577$2,287,413$1,702,375$4,219,276
73$6,089,233$2,320,199$1,680,107$4,501,239
74$6,628,540$2,352,094$1,654,596$4,808,730
75$7,220,280$2,382,975$1,625,654$5,144,312
76$7,869,719$2,412,712$1,593,084$5,510,812
77$8,582,660$2,441,164$1,556,682$5,911,346
78$9,365,493$2,468,183$1,516,232$6,349,351
79$10,225,258$2,493,608$1,471,511$6,828,615
80$11,169,711$2,517,271$1,422,282$7,353,314
81$12,207,394$2,538,990$1,368,301$7,928,055
82$13,347,719$2,558,572$1,309,311$8,557,916
83$14,601,056$2,575,811$1,245,042$9,248,494
84$15,978,827$2,590,489$1,175,214$10,005,964
85$17,493,617$2,602,373$1,099,533$10,837,130
86$19,159,291$2,611,215$1,017,693$11,749,498
87$20,991,126$2,616,752$929,373$12,751,339
88$23,005,952$2,618,704$834,239$13,851,776
89$25,222,314$2,616,774$731,940$15,060,865
90$27,660,641$2,610,647$622,111$16,389,694
91$30,343,445$2,599,988$504,371$17,850,485
92$33,295,530$2,584,442$378,321$19,456,716
93$36,544,226$2,563,630$243,546$21,223,244
94$40,119,643$2,537,155$99,611$23,166,447
95$44,054,962$2,504,591$0$25,304,383
96$48,386,742$2,465,489$0$27,663,296
97$53,155,266$2,419,374$0$30,271,683
98$58,404,921$2,365,742$0$33,142,092
99$64,184,617$2,304,057$0$36,301,252
100$70,548,247$2,233,756$0$39,778,628