Can I retire at age 58 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$149,468$148,137$146,838$145,570$144,332$141,476
2 years$73,994$72,616$71,280$69,986$68,729$65,864
3 years$48,839$47,455$46,123$44,840$43,605$40,819
4 years$36,265$34,885$33,566$32,305$31,099$28,415
5 years$28,722$27,350$26,048$24,813$23,641$21,066
6 years$23,695$22,333$21,051$19,843$18,706$16,244
7 years$20,105$18,756$17,494$16,314$15,213$12,863
8 years$17,414$16,077$14,836$13,686$12,621$10,382
9 years$15,323$13,998$12,778$11,657$10,629$8,501
10 years$13,650$12,338$11,140$10,049$9,056$7,036
11 years$12,283$10,984$9,808$8,745$7,789$5,875
12 years$11,144$9,859$8,704$7,671$6,749$4,939
13 years$10,182$8,909$7,777$6,772$5,886$4,175
14 years$9,357$8,098$6,987$6,012$5,159$3,546
15 years$8,643$7,398$6,309$5,361$4,543$3,023
16 years$8,019$6,788$5,720$4,800$4,015$2,585
17 years$7,469$6,251$5,205$4,313$3,560$2,216
18 years$6,980$5,776$4,751$3,887$3,165$1,905
19 years$6,544$5,353$4,349$3,512$2,821$1,640
20 years$6,152$4,975$3,992$3,181$2,520$1,414
21 years$5,797$4,634$3,672$2,887$2,255$1,221
22 years$5,475$4,325$3,384$2,625$2,021$1,056
23 years$5,182$4,045$3,124$2,391$1,815$914
24 years$4,913$3,790$2,890$2,180$1,631$792
25 years$4,666$3,557$2,676$1,991$1,468$686
26 years$4,439$3,343$2,482$1,821$1,322$595
27 years$4,229$3,146$2,305$1,666$1,192$517
28 years$4,034$2,965$2,143$1,527$1,075$449
29 years$3,853$2,797$1,994$1,400$971$390
30 years$3,684$2,641$1,857$1,285$877$339
31 years$3,527$2,497$1,732$1,180$793$294
32 years$3,380$2,363$1,616$1,085$718$256
33 years$3,241$2,237$1,508$997$649$223
34 years$3,112$2,121$1,409$918$588$194
35 years$2,990$2,011$1,318$845$533$168
36 years$2,875$1,909$1,233$778$483$147
37 years$2,766$1,813$1,154$717$437$128
38 years$2,664$1,723$1,080$661$396$111
39 years$2,567$1,639$1,012$609$360$97
40 years$2,475$1,559$949$562$326$84
41 years$2,387$1,484$890$518$296$73
42 years$2,304$1,413$835$478$268$64
43 years$2,226$1,347$783$442$244$56
44 years$2,151$1,284$735$408$221$48
45 years$2,079$1,224$690$377$201$42
46 years$2,011$1,168$648$348$182$37
47 years$1,946$1,114$609$321$166$32
48 years$1,884$1,064$572$297$150$28
49 years$1,824$1,016$538$274$137$24
50 years$1,767$970$506$254$124$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,810,000, adding $6,629 every year, while hoping to spend $44,943 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: 44/38/18 Blend
57$1,810,000$1,810,000$1,810,000$1,810,000
58$2,001,458$1,905,528$1,877,473$2,078,839
59$2,157,788$1,951,080$1,892,549$2,179,403
60$2,328,557$1,997,357$1,906,624$2,283,376
61$2,515,190$2,044,349$1,919,617$2,395,128
62$2,719,258$2,092,040$1,931,443$2,515,398
63$2,942,487$2,140,415$1,942,011$2,645,002
64$3,186,781$2,189,455$1,951,228$2,784,837
65$3,454,233$2,239,139$1,958,995$2,935,891
66$3,747,152$2,289,444$1,965,208$3,099,256
67$4,068,076$2,340,342$1,969,757$3,276,131
68$4,419,804$2,391,803$1,972,529$3,467,840
69$4,805,418$2,443,794$1,973,402$3,675,842
70$5,228,309$2,496,279$1,972,250$3,901,744
71$5,692,217$2,549,218$1,968,941$4,147,318
72$6,201,259$2,602,564$1,963,335$4,414,516
73$6,759,968$2,656,271$1,955,288$4,705,491
74$7,373,340$2,710,283$1,944,645$5,022,615
75$8,046,877$2,764,544$1,931,248$5,368,504
76$8,786,642$2,818,989$1,914,927$5,746,039
77$9,599,310$2,873,551$1,895,508$6,158,400
78$10,492,238$2,928,153$1,872,806$6,609,088
79$11,473,529$2,982,715$1,846,628$7,101,965
80$12,552,111$3,037,150$1,816,772$7,641,288
81$13,737,819$3,091,364$1,783,027$8,231,748
82$15,041,489$3,145,253$1,745,171$8,878,518
83$16,475,060$3,198,710$1,702,973$9,587,300
84$18,051,684$3,251,614$1,656,190$10,364,380
85$19,785,853$3,303,841$1,604,570$11,216,687
86$21,693,534$3,355,252$1,547,847$12,151,859
87$23,792,318$3,405,703$1,485,743$13,178,317
88$26,101,588$3,455,037$1,417,969$14,305,343
89$28,642,701$3,503,085$1,344,223$15,543,169
90$31,439,189$3,549,668$1,264,186$16,903,075
91$34,516,978$3,594,594$1,177,528$18,397,495
92$37,904,638$3,637,657$1,083,904$20,040,135
93$41,633,648$3,678,639$982,951$21,846,105
94$45,738,693$3,717,305$874,293$23,832,059
95$50,257,993$3,753,406$757,535$26,016,357
96$55,233,661$3,786,675$632,265$28,419,237
97$60,712,101$3,816,830$498,053$31,063,005
98$66,744,448$3,843,566$354,450$33,972,253
99$73,387,044$3,866,564$200,987$37,174,085
100$80,701,978$3,885,481$37,175$40,698,379