Can I retire at age 58 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$148,642$147,318$146,027$144,766$143,535$138,552
2 years$73,585$72,215$70,887$69,599$68,350$63,382
3 years$48,570$47,193$45,868$44,593$43,364$38,566
4 years$36,064$34,692$33,380$32,127$30,928$26,337
5 years$28,563$27,199$25,905$24,676$23,511$19,139
6 years$23,564$22,210$20,935$19,734$18,603$14,454
7 years$19,994$18,652$17,397$16,224$15,129$11,202
8 years$17,318$15,988$14,754$13,610$12,551$8,842
9 years$15,238$13,921$12,708$11,593$10,570$7,075
10 years$13,575$12,270$11,079$9,993$9,006$5,719
11 years$12,215$10,924$9,754$8,697$7,746$4,660
12 years$11,083$9,804$8,656$7,628$6,712$3,821
13 years$10,125$8,860$7,734$6,735$5,853$3,148
14 years$9,305$8,054$6,949$5,978$5,131$2,605
15 years$8,595$7,357$6,274$5,332$4,518$2,162
16 years$7,975$6,750$5,688$4,774$3,993$1,799
17 years$7,428$6,217$5,176$4,289$3,540$1,501
18 years$6,942$5,744$4,725$3,866$3,148$1,254
19 years$6,508$5,324$4,325$3,493$2,806$1,049
20 years$6,118$4,947$3,970$3,163$2,506$879
21 years$5,765$4,608$3,651$2,871$2,243$737
22 years$5,445$4,302$3,365$2,610$2,010$619
23 years$5,153$4,023$3,107$2,377$1,804$520
24 years$4,886$3,769$2,874$2,168$1,622$437
25 years$4,641$3,537$2,662$1,980$1,459$367
26 years$4,415$3,325$2,468$1,811$1,315$309
27 years$4,206$3,129$2,292$1,657$1,185$260
28 years$4,012$2,948$2,131$1,518$1,069$219
29 years$3,832$2,781$1,983$1,392$966$184
30 years$3,664$2,627$1,847$1,278$873$155
31 years$3,507$2,483$1,722$1,174$789$131
32 years$3,361$2,350$1,607$1,079$714$110
33 years$3,224$2,225$1,500$992$646$93
34 years$3,095$2,109$1,402$913$585$78
35 years$2,973$2,000$1,310$840$530$66
36 years$2,859$1,898$1,226$774$480$56
37 years$2,751$1,803$1,147$713$435$47
38 years$2,649$1,714$1,074$657$394$39
39 years$2,552$1,629$1,007$606$358$33
40 years$2,461$1,550$944$559$324$28
41 years$2,374$1,476$885$516$294$24
42 years$2,292$1,405$830$476$267$20
43 years$2,213$1,339$779$439$242$17
44 years$2,139$1,276$731$406$220$14
45 years$2,068$1,217$686$375$200$12
46 years$2,000$1,161$645$346$181$10
47 years$1,935$1,108$606$320$165$8
48 years$1,873$1,058$569$295$149$7
49 years$1,814$1,010$535$273$136$6
50 years$1,757$965$503$252$123$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,800,000, adding $3,153 every year, while hoping to spend $59,010 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: 63/24/13 Blend
57$1,800,000$1,800,000$1,800,000$1,800,000
58$1,986,852$1,891,452$1,863,552$2,105,700
59$2,126,725$1,921,347$1,863,195$2,215,595
60$2,278,887$1,950,729$1,860,848$2,328,475
61$2,444,530$1,979,511$1,856,383$2,450,284
62$2,624,963$2,007,599$1,849,663$2,581,890
63$2,821,631$2,034,892$1,840,548$2,724,249
64$3,036,119$2,061,284$1,828,888$2,878,418
65$3,270,176$2,086,659$1,814,529$3,045,559
66$3,525,724$2,110,896$1,797,306$3,226,955
67$3,804,881$2,133,863$1,777,048$3,424,021
68$4,109,977$2,155,420$1,753,578$3,638,314
69$4,443,578$2,175,420$1,726,706$3,871,555
70$4,808,510$2,193,702$1,696,238$4,125,639
71$5,207,883$2,210,098$1,661,967$4,402,654
72$5,645,122$2,224,429$1,623,678$4,704,906
73$6,124,000$2,236,501$1,581,147$5,034,935
74$6,648,671$2,246,112$1,534,138$5,395,542
75$7,223,708$2,253,045$1,482,404$5,789,815
76$7,854,151$2,257,069$1,425,689$6,221,161
77$8,545,548$2,257,939$1,363,724$6,693,333
78$9,304,012$2,255,395$1,296,226$7,210,473
79$10,136,273$2,249,162$1,222,902$7,777,144
80$11,049,747$2,238,946$1,143,444$8,398,381
81$12,052,603$2,224,435$1,057,530$9,079,732
82$13,153,837$2,205,301$964,826$9,827,317
83$14,363,360$2,181,193$864,980$10,647,881
84$15,692,092$2,151,740$757,626$11,548,862
85$17,152,060$2,116,550$642,380$12,538,461
86$18,756,515$2,075,206$518,845$13,625,720
87$20,520,055$2,027,266$386,602$14,820,606
88$22,458,763$1,972,265$245,215$16,134,109
89$24,590,357$1,909,706$94,231$17,578,345
90$26,934,360$1,839,068$0$19,166,673
91$29,512,278$1,759,795$0$20,923,096
92$32,347,807$1,671,303$0$22,869,125
93$35,467,058$1,572,971$0$25,009,642
94$38,898,794$1,464,143$0$27,364,454
95$42,674,712$1,344,127$0$29,955,392
96$46,829,733$1,212,189$0$32,806,514
97$51,402,335$1,067,556$0$35,944,339
98$56,434,916$909,409$0$39,398,097
99$61,974,191$736,883$0$43,200,001
100$68,071,633$549,065$0$47,385,557