Can I retire at age 58 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$156,900$155,503$154,139$152,808$151,509$147,846
2 years$77,673$76,227$74,825$73,465$72,147$68,479
3 years$51,268$49,815$48,417$47,070$45,773$42,214
4 years$38,068$36,619$35,235$33,911$32,646$29,224
5 years$30,150$28,710$27,344$26,047$24,817$21,541
6 years$24,873$23,444$22,098$20,830$19,637$16,510
7 years$21,105$19,688$18,363$17,126$15,970$12,993
8 years$18,280$16,876$15,574$14,366$13,249$10,421
9 years$16,085$14,694$13,414$12,237$11,157$8,476
10 years$14,329$12,952$11,694$10,548$9,506$6,968
11 years$12,894$11,530$10,295$9,180$8,176$5,777
12 years$11,698$10,349$9,137$8,052$7,085$4,822
13 years$10,688$9,353$8,163$7,109$6,178$4,047
14 years$9,822$8,501$7,335$6,310$5,416$3,411
15 years$9,073$7,766$6,622$5,628$4,769$2,886
16 years$8,418$7,125$6,004$5,039$4,214$2,449
17 years$7,840$6,562$5,463$4,528$3,737$2,083
18 years$7,328$6,064$4,987$4,080$3,323$1,776
19 years$6,869$5,620$4,566$3,687$2,962$1,516
20 years$6,457$5,222$4,190$3,339$2,645$1,297
21 years$6,085$4,864$3,854$3,031$2,367$1,110
22 years$5,747$4,540$3,552$2,755$2,122$952
23 years$5,439$4,247$3,280$2,509$1,905$817
24 years$5,157$3,979$3,033$2,289$1,712$701
25 years$4,898$3,734$2,809$2,090$1,541$603
26 years$4,660$3,509$2,606$1,911$1,388$518
27 years$4,439$3,303$2,420$1,749$1,251$446
28 years$4,235$3,112$2,249$1,603$1,129$384
29 years$4,045$2,936$2,093$1,470$1,019$330
30 years$3,868$2,773$1,950$1,349$921$284
31 years$3,702$2,621$1,818$1,239$833$245
32 years$3,548$2,480$1,696$1,139$753$211
33 years$3,403$2,349$1,583$1,047$682$182
34 years$3,266$2,226$1,479$963$617$157
35 years$3,138$2,111$1,383$887$559$135
36 years$3,018$2,004$1,294$817$507$117
37 years$2,904$1,903$1,211$752$459$100
38 years$2,796$1,809$1,134$694$416$87
39 years$2,694$1,720$1,063$640$377$75
40 years$2,598$1,636$996$590$342$64
41 years$2,506$1,558$934$544$311$56
42 years$2,419$1,484$876$502$282$48
43 years$2,336$1,414$822$464$256$41
44 years$2,257$1,347$772$428$232$36
45 years$2,182$1,285$725$395$211$31
46 years$2,111$1,226$681$365$191$27
47 years$2,043$1,170$639$337$174$23
48 years$1,977$1,117$601$312$158$20
49 years$1,915$1,066$565$288$143$17
50 years$1,855$1,019$531$266$130$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $1,900,000, adding $2,552 every year, while hoping to spend $28,867 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: 36/50/14 Blend
57$1,900,000$1,900,000$1,900,000$1,900,000
58$2,096,432$1,995,732$1,966,282$2,162,786
59$2,279,554$2,062,809$2,001,439$2,277,901
60$2,480,387$2,132,205$2,036,805$2,399,154
61$2,700,707$2,204,003$2,072,358$2,529,427
62$2,942,470$2,278,290$2,108,073$2,669,539
63$3,207,831$2,355,155$2,143,923$2,820,385
64$3,499,163$2,434,692$2,179,878$2,982,954
65$3,819,082$2,516,996$2,215,908$3,158,328
66$4,170,466$2,602,167$2,251,979$3,347,698
67$4,556,491$2,690,310$2,288,057$3,552,372
68$4,980,649$2,781,531$2,324,103$3,773,787
69$5,446,793$2,875,944$2,360,078$4,013,524
70$5,959,164$2,973,663$2,395,939$4,273,322
71$6,522,436$3,074,810$2,431,640$4,555,090
72$7,141,758$3,179,510$2,467,134$4,860,930
73$7,822,803$3,287,891$2,502,369$5,193,154
74$8,571,821$3,400,090$2,537,290$5,554,304
75$9,395,698$3,516,246$2,571,841$5,947,177
76$10,302,022$3,636,504$2,605,960$6,374,851
77$11,299,152$3,761,016$2,639,583$6,840,712
78$12,396,298$3,889,939$2,672,641$7,348,486
79$13,603,608$4,023,434$2,705,063$7,902,274
80$14,932,266$4,161,672$2,736,772$8,506,591
81$16,394,590$4,304,827$2,767,688$9,166,405
82$18,004,158$4,453,083$2,797,725$9,887,186
83$19,775,927$4,606,629$2,826,793$10,674,953
84$21,726,380$4,765,662$2,854,799$11,536,336
85$23,873,679$4,930,388$2,881,643$12,478,633
86$26,237,835$5,101,017$2,907,219$13,509,880
87$28,840,899$5,277,773$2,931,416$14,638,924
88$31,707,171$5,460,883$2,954,118$15,875,510
89$34,863,424$5,650,588$2,975,203$17,230,366
90$38,339,161$5,847,135$2,994,540$18,715,309
91$42,166,894$6,050,783$3,011,995$20,343,353
92$46,382,445$6,261,799$3,027,425$22,128,829
93$51,025,290$6,480,463$3,040,679$24,087,522
94$56,138,927$6,707,064$3,051,600$26,236,820
95$61,771,292$6,941,903$3,060,023$28,595,873
96$67,975,202$7,185,295$3,065,772$31,185,774
97$74,808,863$7,437,566$3,068,666$34,029,759
98$82,336,414$7,699,053$3,068,513$37,153,424
99$90,628,532$7,970,110$3,065,112$40,584,965
100$99,763,101$8,251,104$3,058,252$44,355,440