Can I retire at age 58 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$76,386$75,705$75,041$74,393$73,761$73,173
2 years$37,815$37,110$36,428$35,766$35,124$34,532
3 years$24,959$24,252$23,571$22,916$22,284$21,706
4 years$18,533$17,828$17,154$16,509$15,893$15,333
5 years$14,678$13,977$13,312$12,681$12,082$11,541
6 years$12,109$11,413$10,758$10,141$9,560$9,040
7 years$10,275$9,585$8,940$8,337$7,775$7,275
8 years$8,900$8,216$7,582$6,994$6,450$5,971
9 years$7,831$7,154$6,530$5,957$5,432$4,973
10 years$6,976$6,306$5,693$5,135$4,628$4,190
11 years$6,277$5,613$5,012$4,469$3,980$3,562
12 years$5,695$5,038$4,448$3,920$3,449$3,051
13 years$5,203$4,553$3,974$3,461$3,008$2,628
14 years$4,782$4,139$3,571$3,072$2,637$2,276
15 years$4,417$3,781$3,224$2,740$2,322$1,979
16 years$4,098$3,469$2,923$2,453$2,052$1,727
17 years$3,817$3,195$2,660$2,204$1,819$1,511
18 years$3,567$2,952$2,428$1,986$1,618$1,326
19 years$3,344$2,736$2,223$1,795$1,442$1,166
20 years$3,144$2,542$2,040$1,626$1,288$1,027
21 years$2,963$2,368$1,876$1,475$1,152$907
22 years$2,798$2,211$1,729$1,341$1,033$801
23 years$2,648$2,067$1,597$1,222$927$709
24 years$2,511$1,937$1,477$1,114$833$628
25 years$2,385$1,818$1,368$1,018$750$557
26 years$2,269$1,708$1,269$930$676$495
27 years$2,161$1,608$1,178$852$609$439
28 years$2,062$1,515$1,095$780$550$391
29 years$1,969$1,429$1,019$716$496$347
30 years$1,883$1,350$949$657$448$309
31 years$1,802$1,276$885$603$405$275
32 years$1,727$1,207$826$554$367$245
33 years$1,657$1,143$771$510$332$218
34 years$1,590$1,084$720$469$300$195
35 years$1,528$1,028$673$432$272$174
36 years$1,469$976$630$398$247$155
37 years$1,414$927$590$366$223$138
38 years$1,361$881$552$338$203$123
39 years$1,312$837$517$311$184$110
40 years$1,265$797$485$287$167$98
41 years$1,220$758$455$265$151$88
42 years$1,178$722$426$245$137$78
43 years$1,137$688$400$226$125$70
44 years$1,099$656$376$208$113$62
45 years$1,062$626$353$192$103$56
46 years$1,028$597$331$178$93$50
47 years$994$569$311$164$85$44
48 years$963$544$292$152$77$40
49 years$932$519$275$140$70$35
50 years$903$496$258$130$63$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $925,000, adding $6,735 every year, while hoping to spend $23,595 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: 50/32/18 Blend
57$925,000$925,000$925,000$925,000
58$1,026,297$977,272$962,935$1,072,170
59$1,105,875$1,000,054$970,088$1,127,326
60$1,192,778$1,023,161$976,690$1,184,252
61$1,287,730$1,046,584$982,698$1,245,610
62$1,391,526$1,070,314$988,066$1,311,827
63$1,505,041$1,094,338$992,745$1,383,372
64$1,629,239$1,118,645$996,686$1,460,762
65$1,765,182$1,143,219$999,836$1,544,569
66$1,914,038$1,168,045$1,002,138$1,635,420
67$2,077,095$1,193,105$1,003,535$1,734,008
68$2,255,771$1,218,379$1,003,966$1,841,096
69$2,451,626$1,243,846$1,003,365$1,957,525
70$2,666,380$1,269,482$1,001,666$2,084,223
71$2,901,927$1,295,263$998,797$2,222,210
72$3,160,352$1,321,159$994,686$2,372,614
73$3,443,953$1,347,141$989,253$2,536,675
74$3,755,261$1,373,175$982,417$2,715,762
75$4,097,062$1,399,226$974,093$2,911,382
76$4,472,428$1,425,254$964,191$3,125,198
77$4,884,742$1,451,218$952,618$3,359,043
78$5,337,730$1,477,071$939,275$3,614,937
79$5,835,498$1,502,767$924,059$3,895,105
80$6,382,567$1,528,250$906,863$4,202,002
81$6,983,920$1,553,466$887,575$4,538,334
82$7,645,047$1,578,353$866,075$4,907,083
83$8,371,994$1,602,845$842,242$5,311,537
84$9,171,426$1,626,873$815,945$5,755,318
85$10,050,683$1,650,361$787,051$6,242,423
86$11,017,852$1,673,229$755,417$6,777,254
87$12,081,846$1,695,390$720,896$7,364,664
88$13,252,483$1,716,753$683,335$8,010,006
89$14,540,581$1,737,218$642,571$8,719,175
90$15,958,060$1,756,681$598,437$9,498,675
91$17,518,053$1,775,030$550,755$10,355,671
92$19,235,032$1,792,144$499,343$11,298,062
93$21,124,943$1,807,896$444,008$12,334,556
94$23,205,354$1,822,150$384,550$13,474,752
95$25,495,625$1,834,761$320,758$14,729,228
96$28,017,089$1,845,574$252,413$16,109,646
97$30,793,251$1,854,426$179,288$17,628,860
98$33,850,012$1,861,142$101,143$19,301,039
99$37,215,912$1,865,537$17,730$21,141,800
100$40,922,399$1,867,412$0$23,168,357