Can I retire at age 58 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$142,862$141,589$140,348$139,136$137,953$133,483
2 years$70,724$69,406$68,130$66,892$65,692$61,231
3 years$46,681$45,358$44,085$42,859$41,678$37,365
4 years$34,662$33,343$32,082$30,877$29,725$25,594
5 years$27,452$26,141$24,897$23,717$22,596$18,658
6 years$22,647$21,346$20,121$18,966$17,880$14,137
7 years$19,217$17,927$16,720$15,593$14,541$10,994
8 years$16,645$15,366$14,180$13,081$12,063$8,709
9 years$14,646$13,379$12,213$11,142$10,159$6,994
10 years$13,047$11,793$10,648$9,604$8,656$5,675
11 years$11,740$10,499$9,374$8,359$7,444$4,642
12 years$10,652$9,423$8,319$7,332$6,451$3,821
13 years$9,732$8,516$7,433$6,473$5,626$3,162
14 years$8,943$7,741$6,678$5,746$4,931$2,627
15 years$8,261$7,071$6,030$5,124$4,342$2,189
16 years$7,665$6,488$5,467$4,588$3,837$1,830
17 years$7,139$5,975$4,975$4,123$3,402$1,533
18 years$6,672$5,521$4,541$3,715$3,025$1,287
19 years$6,255$5,117$4,157$3,357$2,697$1,082
20 years$5,880$4,755$3,815$3,040$2,409$910
21 years$5,541$4,429$3,509$2,759$2,155$767
22 years$5,233$4,134$3,234$2,509$1,932$647
23 years$4,953$3,867$2,986$2,285$1,734$546
24 years$4,696$3,623$2,762$2,084$1,559$461
25 years$4,460$3,400$2,558$1,903$1,403$390
26 years$4,243$3,195$2,372$1,740$1,264$329
27 years$4,042$3,007$2,203$1,593$1,139$279
28 years$3,856$2,834$2,048$1,459$1,028$236
29 years$3,683$2,673$1,906$1,338$928$199
30 years$3,522$2,525$1,775$1,228$839$169
31 years$3,371$2,387$1,655$1,128$758$143
32 years$3,230$2,258$1,544$1,037$686$121
33 years$3,098$2,139$1,442$953$621$102
34 years$2,974$2,027$1,347$877$562$87
35 years$2,858$1,922$1,259$807$509$73
36 years$2,748$1,825$1,178$744$461$62
37 years$2,644$1,733$1,103$685$418$53
38 years$2,546$1,647$1,033$632$379$45
39 years$2,453$1,566$968$582$344$38
40 years$2,365$1,490$907$537$312$32
41 years$2,282$1,418$850$496$283$27
42 years$2,203$1,351$798$457$257$23
43 years$2,127$1,287$748$422$233$20
44 years$2,055$1,227$703$390$211$17
45 years$1,987$1,170$660$360$192$14
46 years$1,922$1,116$620$333$174$12
47 years$1,860$1,065$582$307$158$10
48 years$1,800$1,017$547$284$144$9
49 years$1,743$971$514$262$130$7
50 years$1,689$927$483$242$119$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,730,000, adding $4,551 every year, while hoping to spend $39,476 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: 39/38/23 Blend
57$1,730,000$1,730,000$1,730,000$1,730,000
58$1,911,154$1,819,464$1,792,649$1,972,462
59$2,064,090$1,866,616$1,810,701$2,064,364
60$2,231,302$1,914,755$1,828,034$2,159,625
61$2,414,205$1,963,888$1,844,583$2,261,843
62$2,614,356$2,014,021$1,860,279$2,371,672
63$2,833,470$2,065,158$1,875,049$2,489,834
64$3,073,437$2,117,303$1,888,815$2,617,124
65$3,336,335$2,170,458$1,901,498$2,754,418
66$3,624,455$2,224,625$1,913,012$2,902,680
67$3,940,319$2,279,801$1,923,268$3,062,973
68$4,286,706$2,335,985$1,932,171$3,236,468
69$4,666,675$2,393,174$1,939,624$3,424,455
70$5,083,597$2,451,360$1,945,523$3,628,355
71$5,541,183$2,510,537$1,949,758$3,849,736
72$6,043,524$2,570,694$1,952,215$4,090,323
73$6,595,124$2,631,818$1,952,775$4,352,018
74$7,200,945$2,693,895$1,951,310$4,636,920
75$7,866,452$2,756,907$1,947,690$4,947,338
76$8,597,668$2,820,833$1,941,776$5,285,821
77$9,401,227$2,885,651$1,933,422$5,655,174
78$10,284,436$2,951,332$1,922,475$6,058,492
79$11,255,348$3,017,846$1,908,777$6,499,186
80$12,322,832$3,085,159$1,892,160$6,981,014
81$13,496,662$3,153,233$1,872,449$7,508,121
82$14,787,605$3,222,025$1,849,460$8,085,073
83$16,207,525$3,291,488$1,823,000$8,716,904
84$17,769,490$3,361,569$1,792,869$9,409,163
85$19,487,904$3,432,212$1,758,856$10,167,967
86$21,378,632$3,503,352$1,720,739$11,000,058
87$23,459,158$3,574,922$1,678,290$11,912,867
88$25,748,745$3,646,846$1,631,265$12,914,586
89$28,268,617$3,719,042$1,579,413$14,014,245
90$31,042,162$3,791,420$1,522,468$15,221,797
91$34,095,148$3,863,885$1,460,156$16,548,211
92$37,455,968$3,936,331$1,392,187$18,005,583
93$41,155,911$4,008,645$1,318,259$19,607,240
94$45,229,450$4,080,705$1,238,057$21,367,877
95$49,714,572$4,152,378$1,151,250$23,303,688
96$54,653,136$4,223,522$1,057,495$25,432,524
97$60,091,266$4,293,984$956,430$27,774,063
98$66,079,785$4,363,599$847,681$30,349,993
99$72,674,698$4,432,191$730,853$33,184,219
100$79,937,718$4,499,568$605,538$36,303,092