Can I retire at age 58 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$152,771$151,410$150,083$148,787$147,522$146,042
2 years$75,629$74,221$72,856$71,532$70,248$68,758
3 years$49,919$48,504$47,142$45,831$44,568$43,114
4 years$37,066$35,656$34,308$33,019$31,787$30,378
5 years$29,356$27,954$26,624$25,362$24,164$22,806
6 years$24,218$22,827$21,516$20,282$19,120$17,815
7 years$20,550$19,170$17,880$16,675$15,550$14,298
8 years$17,799$16,432$15,164$13,988$12,900$11,701
9 years$15,661$14,307$13,061$11,915$10,864$9,718
10 years$13,952$12,611$11,386$10,271$9,256$8,163
11 years$12,554$11,227$10,024$8,939$7,961$6,918
12 years$11,391$10,077$8,896$7,840$6,899$5,906
13 years$10,407$9,106$7,948$6,922$6,016$5,072
14 years$9,564$8,277$7,142$6,144$5,273$4,377
15 years$8,834$7,562$6,448$5,480$4,643$3,793
16 years$8,196$6,938$5,846$4,907$4,104$3,298
17 years$7,634$6,389$5,320$4,408$3,638$2,877
18 years$7,135$5,904$4,856$3,973$3,235$2,515
19 years$6,689$5,472$4,446$3,590$2,884$2,204
20 years$6,288$5,085$4,080$3,251$2,576$1,935
21 years$5,925$4,736$3,753$2,951$2,305$1,701
22 years$5,596$4,421$3,459$2,683$2,066$1,498
23 years$5,296$4,135$3,194$2,443$1,855$1,321
24 years$5,022$3,874$2,953$2,229$1,667$1,166
25 years$4,770$3,636$2,736$2,035$1,500$1,030
26 years$4,537$3,417$2,537$1,861$1,351$910
27 years$4,322$3,216$2,356$1,703$1,218$806
28 years$4,123$3,030$2,190$1,561$1,099$713
29 years$3,938$2,859$2,038$1,431$993$632
30 years$3,766$2,700$1,898$1,313$897$560
31 years$3,605$2,552$1,770$1,206$811$496
32 years$3,454$2,415$1,651$1,109$733$440
33 years$3,313$2,287$1,542$1,019$664$391
34 years$3,180$2,167$1,441$938$601$347
35 years$3,056$2,056$1,347$863$544$308
36 years$2,938$1,951$1,260$795$493$273
37 years$2,827$1,853$1,179$733$447$243
38 years$2,722$1,761$1,104$675$405$216
39 years$2,623$1,675$1,035$623$367$192
40 years$2,529$1,593$970$574$333$170
41 years$2,440$1,517$909$530$302$151
42 years$2,355$1,444$853$489$274$135
43 years$2,275$1,376$800$451$249$120
44 years$2,198$1,312$751$417$226$106
45 years$2,125$1,251$705$385$205$95
46 years$2,055$1,193$663$356$186$84
47 years$1,989$1,139$622$329$169$75
48 years$1,925$1,087$585$304$154$66
49 years$1,864$1,038$550$281$140$59
50 years$1,806$992$517$259$127$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,850,000, adding $3,161 every year, while hoping to spend $44,191 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: 72/6/22 Blend
57$1,850,000$1,850,000$1,850,000$1,850,000
58$2,041,961$1,943,911$1,915,236$2,177,717
59$2,203,222$1,992,143$1,932,377$2,316,812
60$2,379,450$2,041,258$1,948,612$2,463,546
61$2,572,127$2,091,252$1,963,863$2,623,165
62$2,782,880$2,142,120$1,978,048$2,796,944
63$3,013,504$2,193,855$1,991,084$2,986,287
64$3,265,976$2,246,448$2,002,879$3,192,741
65$3,542,470$2,299,888$2,013,340$3,418,009
66$3,845,383$2,354,164$2,022,368$3,663,970
67$4,177,352$2,409,258$2,029,858$3,932,693
68$4,541,284$2,465,154$2,035,700$4,226,456
69$4,940,380$2,521,831$2,039,780$4,547,773
70$5,378,163$2,579,265$2,041,978$4,899,412
71$5,858,517$2,637,430$2,042,165$5,284,422
72$6,385,718$2,696,297$2,040,210$5,706,165
73$6,964,477$2,755,831$2,035,973$6,168,345
74$7,599,984$2,815,997$2,029,308$6,675,044
75$8,297,953$2,876,752$2,020,061$7,230,760
76$9,064,683$2,938,051$2,008,071$7,840,450
77$9,907,109$2,999,844$1,993,170$8,509,576
78$10,832,875$3,062,077$1,975,182$9,244,159
79$11,850,399$3,124,690$1,953,922$10,050,834
80$12,968,956$3,187,616$1,929,195$10,936,911
81$14,198,766$3,250,785$1,900,799$11,910,449
82$15,551,086$3,314,119$1,868,521$12,980,326
83$17,038,320$3,377,534$1,832,139$14,156,329
84$18,674,134$3,440,939$1,791,421$15,449,243
85$20,473,584$3,504,234$1,746,123$16,870,953
86$22,453,262$3,567,314$1,695,991$18,434,558
87$24,631,445$3,630,062$1,640,757$20,154,493
88$27,028,273$3,692,356$1,580,143$22,046,667
89$29,665,937$3,754,062$1,513,857$24,128,612
90$32,568,887$3,815,035$1,441,596$26,419,651
91$35,764,065$3,875,123$1,363,040$28,941,078
92$39,281,154$3,934,159$1,277,857$31,716,360
93$43,152,865$3,991,966$1,185,699$34,771,360
94$47,415,240$4,048,354$1,086,202$38,134,580
95$52,107,991$4,103,120$978,986$41,837,433
96$57,274,879$4,156,046$863,655$45,914,536
97$62,964,124$4,206,900$739,795$50,404,040
98$69,228,858$4,255,432$606,972$55,347,989
99$76,127,631$4,301,378$464,735$60,792,719
100$83,724,958$4,344,454$312,613$66,789,294