Can I retire at age 58 with 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 $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%13.6%
1 years$74,321$73,659$73,013$72,383$71,767$70,695
2 years$36,793$36,107$35,443$34,799$34,175$33,097
3 years$24,285$23,597$22,934$22,296$21,682$20,632
4 years$18,032$17,346$16,690$16,063$15,464$14,450
5 years$14,281$13,599$12,952$12,338$11,755$10,780
6 years$11,782$11,105$10,467$9,867$9,302$8,366
7 years$9,997$9,326$8,698$8,112$7,565$6,670
8 years$8,659$7,994$7,377$6,805$6,276$5,421
9 years$7,619$6,960$6,354$5,796$5,285$4,470
10 years$6,787$6,135$5,539$4,997$4,503$3,728
11 years$6,108$5,462$4,877$4,348$3,873$3,136
12 years$5,541$4,902$4,328$3,814$3,356$2,657
13 years$5,063$4,430$3,867$3,367$2,927$2,264
14 years$4,653$4,027$3,474$2,989$2,565$1,938
15 years$4,298$3,679$3,137$2,666$2,259$1,666
16 years$3,987$3,375$2,844$2,387$1,996$1,437
17 years$3,714$3,108$2,588$2,145$1,770$1,242
18 years$3,471$2,872$2,362$1,933$1,574$1,077
19 years$3,254$2,662$2,163$1,746$1,403$936
20 years$3,059$2,474$1,985$1,582$1,253$814
21 years$2,883$2,304$1,826$1,436$1,121$709
22 years$2,722$2,151$1,683$1,305$1,005$619
23 years$2,577$2,012$1,554$1,189$902$541
24 years$2,443$1,885$1,437$1,084$811$473
25 years$2,320$1,769$1,331$990$730$414
26 years$2,207$1,662$1,234$905$657$362
27 years$2,103$1,564$1,146$829$593$318
28 years$2,006$1,474$1,065$759$535$278
29 years$1,916$1,391$991$696$483$244
30 years$1,832$1,313$924$639$436$214
31 years$1,754$1,242$861$587$394$188
32 years$1,680$1,175$803$539$357$165
33 years$1,612$1,113$750$496$323$145
34 years$1,547$1,054$701$456$292$128
35 years$1,487$1,000$655$420$265$112
36 years$1,429$949$613$387$240$99
37 years$1,375$902$574$356$217$87
38 years$1,324$857$537$329$197$76
39 years$1,276$815$503$303$179$67
40 years$1,230$775$472$279$162$59
41 years$1,187$738$442$258$147$52
42 years$1,146$703$415$238$133$46
43 years$1,107$670$389$220$121$40
44 years$1,069$638$366$203$110$35
45 years$1,034$609$343$187$100$31
46 years$1,000$581$322$173$91$27
47 years$968$554$303$160$82$24
48 years$937$529$285$148$75$21
49 years$907$505$267$136$68$19
50 years$879$482$251$126$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $900,000, adding $5,032 every year, while hoping to spend $58,939 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: 69/9/22 Blend
57$900,000$900,000$900,000$900,000
58$996,991$949,291$935,341$1,059,956
59$1,035,973$933,095$903,964$1,086,513
60$1,076,956$914,131$869,561$1,108,226
61$1,120,082$892,200$831,967$1,130,567
62$1,165,505$867,092$791,013$1,153,596
63$1,213,393$838,586$746,518$1,177,379
64$1,263,929$806,447$698,297$1,201,992
65$1,317,314$770,426$646,153$1,227,517
66$1,373,764$730,261$589,884$1,254,050
67$1,433,518$685,674$529,274$1,281,697
68$1,496,834$636,370$464,103$1,310,577
69$1,563,998$582,039$394,137$1,340,824
70$1,635,319$522,352$319,134$1,372,588
71$1,711,136$456,962$238,840$1,406,036
72$1,791,821$385,501$152,989$1,441,356
73$1,877,779$307,583$61,307$1,478,757
74$1,969,455$222,797$0$1,518,474
75$2,067,336$130,712$0$1,569,345
76$2,171,957$30,869$0$1,638,999
77$2,283,903$0$0$1,713,430
78$2,403,814$0$0$1,800,724
79$2,532,396$0$0$1,897,642
80$2,670,420$0$0$2,001,712
81$2,818,734$0$0$2,113,579
82$2,978,267$0$0$2,233,949
83$3,150,041$0$0$2,363,597
84$3,335,179$0$0$2,503,375
85$3,534,911$0$0$2,654,219
86$3,750,591$0$0$2,817,158
87$3,983,707$0$0$2,993,321
88$4,235,893$0$0$3,183,950
89$4,508,946$0$0$3,390,411
90$4,804,842$0$0$3,614,204
91$5,125,753$0$0$3,856,980
92$5,474,068$0$0$4,120,555
93$5,852,413$0$0$4,406,924
94$6,263,680$0$0$4,718,284
95$6,711,046$0$0$5,057,051
96$7,198,011$0$0$5,425,884
97$7,728,424$0$0$5,827,708
98$8,306,519$0$0$6,265,742
99$8,936,958$0$0$6,743,528
100$9,624,872$0$0$7,264,968