Can I retire at age 58 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$75,064$74,396$73,743$73,107$72,485$71,609
2 years$37,161$36,468$35,798$35,147$34,517$33,635
3 years$24,528$23,833$23,164$22,519$21,899$21,039
4 years$18,212$17,519$16,857$16,224$15,618$14,787
5 years$14,424$13,735$13,082$12,462$11,873$11,072
6 years$11,900$11,216$10,572$9,966$9,395$8,626
7 years$10,097$9,419$8,785$8,193$7,640$6,904
8 years$8,746$8,074$7,451$6,873$6,338$5,634
9 years$7,695$7,030$6,417$5,854$5,338$4,665
10 years$6,855$6,196$5,595$5,047$4,548$3,907
11 years$6,169$5,516$4,926$4,392$3,912$3,301
12 years$5,597$4,951$4,371$3,852$3,390$2,809
13 years$5,113$4,474$3,905$3,401$2,956$2,404
14 years$4,699$4,067$3,509$3,019$2,591$2,068
15 years$4,341$3,715$3,168$2,692$2,281$1,786
16 years$4,027$3,409$2,872$2,411$2,016$1,548
17 years$3,751$3,139$2,614$2,166$1,788$1,345
18 years$3,506$2,901$2,386$1,952$1,590$1,172
19 years$3,286$2,689$2,184$1,764$1,417$1,023
20 years$3,089$2,498$2,005$1,598$1,266$895
21 years$2,911$2,327$1,844$1,450$1,133$784
22 years$2,750$2,172$1,699$1,318$1,015$688
23 years$2,602$2,032$1,569$1,201$911$604
24 years$2,467$1,904$1,451$1,095$819$531
25 years$2,344$1,786$1,344$1,000$737$467
26 years$2,229$1,679$1,247$914$664$412
27 years$2,124$1,580$1,158$837$599$363
28 years$2,026$1,489$1,076$767$540$320
29 years$1,935$1,405$1,001$703$488$282
30 years$1,850$1,326$933$645$441$249
31 years$1,771$1,254$870$593$398$220
32 years$1,697$1,187$811$545$360$194
33 years$1,628$1,124$758$501$326$172
34 years$1,563$1,065$708$461$295$152
35 years$1,501$1,010$662$424$267$134
36 years$1,444$959$619$391$242$119
37 years$1,389$911$579$360$220$105
38 years$1,338$865$543$332$199$93
39 years$1,289$823$508$306$181$82
40 years$1,243$783$476$282$164$73
41 years$1,199$745$447$260$149$64
42 years$1,157$710$419$240$135$57
43 years$1,118$676$393$222$122$50
44 years$1,080$645$369$205$111$45
45 years$1,044$615$347$189$101$39
46 years$1,010$586$326$175$92$35
47 years$977$560$306$161$83$31
48 years$946$534$287$149$75$27
49 years$916$510$270$138$69$24
50 years$888$487$254$127$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $909,000, adding $6,197 every year, while hoping to spend $35,625 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: 59/27/14 Blend
57$909,000$909,000$909,000$909,000
58$1,008,110$959,933$945,844$1,063,690
59$1,073,033$969,065$939,625$1,111,047
60$1,143,383$977,451$932,003$1,158,154
61$1,219,678$985,015$922,895$1,208,680
62$1,302,485$991,680$912,211$1,262,960
63$1,392,427$997,362$899,859$1,321,363
64$1,490,191$1,001,969$885,742$1,384,295
65$1,596,534$1,005,409$869,757$1,452,207
66$1,712,285$1,007,579$851,799$1,525,595
67$1,838,359$1,008,371$831,755$1,605,006
68$1,975,763$1,007,672$809,510$1,691,046
69$2,125,603$1,005,361$784,941$1,784,383
70$2,289,099$1,001,308$757,921$1,885,754
71$2,467,592$995,377$728,316$1,995,974
72$2,662,559$987,422$695,987$2,115,943
73$2,875,625$977,292$660,788$2,246,652
74$3,108,582$964,822$622,567$2,389,197
75$3,363,398$949,839$581,164$2,544,788
76$3,642,245$932,161$536,413$2,714,760
77$3,947,511$911,594$488,140$2,900,586
78$4,281,827$887,933$436,163$3,103,892
79$4,648,092$860,959$380,293$3,326,475
80$5,049,495$830,444$320,330$3,570,314
81$5,489,551$796,144$256,069$3,837,596
82$5,972,131$757,800$187,293$4,130,732
83$6,501,497$715,141$113,776$4,452,387
84$7,082,345$667,879$35,283$4,805,495
85$7,719,847$615,707$0$5,193,300
86$8,419,700$558,306$0$5,626,618
87$9,188,179$495,333$0$6,108,248
88$10,032,198$426,428$0$6,637,307
89$10,959,372$351,213$0$7,218,638
90$11,978,090$269,285$0$7,857,582
91$13,097,594$180,219$0$8,560,028
92$14,328,067$83,568$0$9,332,468
93$15,680,725$0$0$10,182,061
94$17,167,927$0$0$11,122,982
95$18,803,289$0$0$12,185,025
96$20,601,810$0$0$13,353,112
97$22,580,019$0$0$14,637,988
98$24,756,126$0$0$16,051,491
99$27,150,193$0$0$17,606,666
100$29,784,327$0$0$19,317,883