Can I retire at age 58 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$74,404$73,741$73,094$72,463$71,847$69,940
2 years$36,834$36,148$35,483$34,838$34,213$32,305
3 years$24,312$23,623$22,960$22,321$21,706$19,857
4 years$18,052$17,365$16,709$16,081$15,481$13,705
5 years$14,297$13,615$12,967$12,352$11,768$10,070
6 years$11,795$11,117$10,479$9,878$9,312$7,693
7 years$10,008$9,336$8,708$8,121$7,573$6,034
8 years$8,669$8,003$7,385$6,813$6,283$4,822
9 years$7,628$6,968$6,361$5,803$5,291$3,908
10 years$6,795$6,142$5,546$5,002$4,508$3,201
11 years$6,114$5,468$4,882$4,353$3,877$2,644
12 years$5,548$4,908$4,333$3,818$3,360$2,198
13 years$5,068$4,435$3,871$3,371$2,930$1,837
14 years$4,658$4,031$3,478$2,993$2,568$1,542
15 years$4,302$3,683$3,140$2,669$2,261$1,299
16 years$3,992$3,379$2,847$2,390$1,999$1,098
17 years$3,718$3,112$2,591$2,147$1,772$930
18 years$3,475$2,875$2,365$1,935$1,576$789
19 years$3,258$2,665$2,165$1,748$1,404$671
20 years$3,062$2,476$1,987$1,583$1,254$571
21 years$2,886$2,307$1,828$1,437$1,123$487
22 years$2,726$2,153$1,685$1,307$1,006$415
23 years$2,579$2,014$1,555$1,190$903$355
24 years$2,446$1,887$1,438$1,085$812$303
25 years$2,323$1,771$1,332$991$731$259
26 years$2,210$1,664$1,236$906$658$222
27 years$2,105$1,566$1,147$830$593$190
28 years$2,008$1,476$1,067$760$535$163
29 years$1,918$1,392$993$697$483$139
30 years$1,834$1,315$925$640$437$119
31 years$1,756$1,243$862$587$395$102
32 years$1,682$1,176$804$540$357$88
33 years$1,614$1,114$751$496$323$75
34 years$1,549$1,056$702$457$293$64
35 years$1,488$1,001$656$421$265$55
36 years$1,431$950$614$387$240$47
37 years$1,377$903$574$357$218$41
38 years$1,326$858$538$329$197$35
39 years$1,278$816$504$303$179$30
40 years$1,232$776$472$280$162$26
41 years$1,188$739$443$258$147$22
42 years$1,147$704$415$238$134$19
43 years$1,108$670$390$220$121$16
44 years$1,071$639$366$203$110$14
45 years$1,035$609$344$187$100$12
46 years$1,001$581$323$173$91$10
47 years$969$555$303$160$82$9
48 years$938$530$285$148$75$8
49 years$908$506$268$137$68$6
50 years$880$483$252$126$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $901,000, adding $5,605 every year, while hoping to spend $24,266 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: 74/15/11 Blend
57$901,000$901,000$901,000$901,000
58$998,684$950,931$936,965$1,070,054
59$1,074,730$971,707$942,535$1,138,705
60$1,157,721$992,689$947,477$1,210,316
61$1,248,337$1,013,860$951,747$1,288,101
62$1,347,331$1,035,202$955,294$1,372,665
63$1,455,530$1,056,698$958,067$1,464,674
64$1,573,845$1,078,327$960,013$1,564,861
65$1,703,277$1,100,065$961,074$1,674,034
66$1,844,933$1,121,890$961,191$1,793,083
67$2,000,026$1,143,773$960,301$1,922,988
68$2,169,897$1,165,686$958,339$2,064,830
69$2,356,019$1,187,597$955,237$2,219,797
70$2,560,017$1,209,473$950,921$2,389,201
71$2,783,679$1,231,278$945,317$2,574,485
72$3,028,975$1,252,970$938,345$2,777,242
73$3,298,073$1,274,509$929,923$2,999,223
74$3,593,364$1,295,847$919,963$3,242,360
75$3,917,479$1,316,936$908,374$3,508,783
76$4,273,318$1,337,722$895,061$3,800,836
77$4,664,075$1,358,149$879,924$4,121,103
78$5,093,268$1,378,156$862,858$4,472,432
79$5,564,773$1,397,677$843,755$4,857,961
80$6,082,859$1,416,642$822,500$5,281,148
81$6,652,229$1,434,976$798,973$5,745,804
82$7,278,066$1,452,600$773,048$6,256,127
83$7,966,079$1,469,427$744,595$6,816,744
84$8,722,558$1,485,367$713,478$7,432,756
85$9,554,431$1,500,323$679,551$8,109,781
86$10,469,333$1,514,189$642,667$8,854,012
87$11,475,677$1,526,856$602,668$9,672,273
88$12,582,729$1,538,205$559,391$10,572,086
89$13,800,702$1,548,112$512,665$11,561,738
90$15,140,846$1,556,441$462,311$12,650,363
91$16,615,557$1,563,052$408,144$13,848,027
92$18,238,495$1,567,792$349,967$15,165,822
93$20,024,709$1,570,502$287,579$16,615,973
94$21,990,783$1,571,010$220,766$18,211,953
95$24,154,987$1,569,134$149,306$19,968,608
96$26,537,457$1,564,683$72,969$21,902,301
97$29,160,377$1,557,451$0$24,031,063
98$32,048,191$1,547,222$0$26,375,763
99$35,227,837$1,533,766$0$28,966,509
100$38,728,994$1,516,839$0$31,818,893