Can I retire at age 58 with 1,780,000?

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 $1,780,000?

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%
1 years$146,991$145,681$144,404$143,157$141,940$136,740
2 years$72,768$71,412$70,099$68,826$67,590$62,410
3 years$48,030$46,669$45,359$44,097$42,882$37,884
4 years$35,663$34,307$33,010$31,770$30,584$25,805
5 years$28,246$26,897$25,617$24,402$23,249$18,703
6 years$23,302$21,963$20,702$19,515$18,396$14,086
7 years$19,772$18,445$17,204$16,044$14,961$10,886
8 years$17,126$15,810$14,590$13,459$12,412$8,567
9 years$15,069$13,766$12,566$11,464$10,453$6,834
10 years$13,424$12,134$10,956$9,882$8,906$5,507
11 years$12,079$10,802$9,645$8,600$7,660$4,472
12 years$10,960$9,695$8,560$7,544$6,638$3,655
13 years$10,013$8,762$7,648$6,660$5,788$3,001
14 years$9,202$7,964$6,871$5,912$5,074$2,474
15 years$8,500$7,275$6,204$5,272$4,467$2,047
16 years$7,886$6,675$5,625$4,721$3,948$1,697
17 years$7,345$6,148$5,118$4,242$3,501$1,410
18 years$6,865$5,681$4,672$3,823$3,113$1,174
19 years$6,436$5,265$4,277$3,454$2,774$979
20 years$6,050$4,892$3,926$3,128$2,478$817
21 years$5,701$4,557$3,611$2,839$2,218$682
22 years$5,384$4,254$3,328$2,581$1,988$571
23 years$5,096$3,978$3,073$2,351$1,784$477
24 years$4,832$3,728$2,842$2,144$1,604$400
25 years$4,589$3,498$2,632$1,958$1,443$335
26 years$4,366$3,288$2,441$1,790$1,300$280
27 years$4,159$3,094$2,267$1,639$1,172$235
28 years$3,967$2,916$2,107$1,502$1,058$197
29 years$3,789$2,750$1,961$1,377$955$165
30 years$3,623$2,598$1,827$1,264$863$139
31 years$3,468$2,456$1,703$1,161$780$116
32 years$3,324$2,323$1,589$1,067$706$98
33 years$3,188$2,200$1,483$981$639$82
34 years$3,060$2,085$1,386$902$578$69
35 years$2,940$1,978$1,296$831$524$58
36 years$2,827$1,877$1,212$765$475$48
37 years$2,720$1,783$1,135$705$430$41
38 years$2,619$1,695$1,063$650$390$34
39 years$2,524$1,611$995$599$354$29
40 years$2,434$1,533$933$553$321$24
41 years$2,348$1,459$875$510$291$20
42 years$2,266$1,390$821$471$264$17
43 years$2,189$1,324$770$434$240$14
44 years$2,115$1,262$723$401$217$12
45 years$2,045$1,204$679$370$197$10
46 years$1,978$1,148$638$342$179$8
47 years$1,914$1,096$599$316$163$7
48 years$1,852$1,046$563$292$148$6
49 years$1,794$999$529$270$134$5
50 years$1,738$954$497$250$122$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,780,000, adding $5,628 every year, while hoping to spend $53,277 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: 49/35/16 Blend
57$1,780,000$1,780,000$1,780,000$1,780,000
58$1,967,365$1,873,025$1,845,435$2,054,759
59$2,111,350$1,908,117$1,850,571$2,150,772
60$2,268,236$1,943,143$1,854,093$2,249,059
61$2,439,282$1,978,043$1,855,892$2,354,665
62$2,625,875$2,012,754$1,855,850$2,468,296
63$2,829,541$2,047,205$1,853,848$2,590,731
64$3,051,960$2,081,323$1,849,757$2,722,829
65$3,294,979$2,115,028$1,843,444$2,865,537
66$3,560,637$2,148,234$1,834,768$3,019,899
67$3,851,172$2,180,848$1,823,584$3,187,068
68$4,169,054$2,212,771$1,809,736$3,368,315
69$4,516,999$2,243,899$1,793,063$3,565,041
70$4,897,999$2,274,117$1,773,398$3,778,793
71$5,315,350$2,303,303$1,750,562$4,011,276
72$5,772,681$2,331,330$1,724,370$4,264,371
73$6,273,986$2,358,057$1,694,628$4,540,155
74$6,823,668$2,383,337$1,661,134$4,840,915
75$7,426,575$2,407,013$1,623,674$5,169,177
76$8,088,044$2,428,916$1,582,027$5,527,725
77$8,813,959$2,448,867$1,535,959$5,919,630
78$9,610,796$2,466,675$1,485,227$6,348,282
79$10,485,692$2,482,136$1,429,576$6,817,416
80$11,446,507$2,495,035$1,368,741$7,331,154
81$12,501,900$2,505,142$1,302,444$7,894,041
82$13,661,411$2,512,210$1,230,392$8,511,090
83$14,935,547$2,515,981$1,152,283$9,187,831
84$16,335,887$2,516,178$1,067,799$9,930,361
85$17,875,184$2,512,508$976,606$10,745,404
86$19,567,490$2,504,658$878,360$11,640,378
87$21,428,286$2,492,298$772,697$12,623,459
88$23,474,628$2,475,077$659,239$13,703,667
89$25,725,308$2,452,624$537,591$14,890,948
90$28,201,029$2,424,542$407,340$16,196,268
91$30,924,604$2,390,414$268,056$17,631,720
92$33,921,166$2,349,797$119,288$19,210,640
93$37,218,408$2,302,220$0$20,947,731
94$40,846,843$2,247,187$0$22,865,946
95$44,840,092$2,184,170$0$24,998,592
96$49,235,199$2,112,611$0$27,345,083
97$54,072,981$2,031,921$0$29,927,240
98$59,398,414$1,941,474$0$32,769,121
99$65,261,056$1,840,610$0$35,897,243
100$71,715,514$1,728,630$0$39,340,834