Can I retire at age 58 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$77,294$76,606$75,934$75,278$74,638$71,961
2 years$38,264$37,552$36,861$36,191$35,542$32,874
3 years$25,256$24,540$23,852$23,188$22,549$19,974
4 years$18,753$18,040$17,358$16,706$16,082$13,620
5 years$14,853$14,143$13,470$12,832$12,226$9,882
6 years$12,253$11,549$10,886$10,262$9,674$7,450
7 years$10,397$9,699$9,046$8,437$7,867$5,764
8 years$9,006$8,314$7,672$7,077$6,527$4,542
9 years$7,924$7,239$6,608$6,028$5,496$3,627
10 years$7,059$6,381$5,761$5,196$4,683$2,927
11 years$6,352$5,680$5,072$4,522$4,028$2,380
12 years$5,763$5,098$4,501$3,967$3,490$1,948
13 years$5,265$4,607$4,021$3,502$3,044$1,602
14 years$4,839$4,188$3,613$3,109$2,668$1,322
15 years$4,470$3,826$3,262$2,772$2,349$1,095
16 years$4,147$3,510$2,958$2,482$2,076$909
17 years$3,862$3,233$2,691$2,230$1,841$757
18 years$3,610$2,987$2,457$2,010$1,637$631
19 years$3,384$2,768$2,249$1,816$1,459$527
20 years$3,181$2,573$2,064$1,645$1,303$440
21 years$2,998$2,396$1,899$1,493$1,166$368
22 years$2,831$2,237$1,750$1,357$1,045$309
23 years$2,680$2,092$1,616$1,236$938$259
24 years$2,541$1,960$1,494$1,128$843$217
25 years$2,413$1,839$1,384$1,030$759$182
26 years$2,296$1,729$1,284$942$684$153
27 years$2,187$1,627$1,192$862$616$128
28 years$2,086$1,533$1,108$790$556$108
29 years$1,993$1,446$1,031$724$502$90
30 years$1,905$1,366$960$665$454$76
31 years$1,824$1,291$895$610$410$64
32 years$1,748$1,222$835$561$371$54
33 years$1,676$1,157$780$516$336$45
34 years$1,609$1,097$729$475$304$38
35 years$1,546$1,040$681$437$275$32
36 years$1,487$987$637$402$250$27
37 years$1,430$938$597$371$226$23
38 years$1,377$891$559$342$205$19
39 years$1,327$847$523$315$186$16
40 years$1,280$806$491$291$169$13
41 years$1,235$767$460$268$153$11
42 years$1,192$731$432$247$139$9
43 years$1,151$696$405$228$126$8
44 years$1,112$664$380$211$114$7
45 years$1,075$633$357$195$104$6
46 years$1,040$604$335$180$94$5
47 years$1,006$576$315$166$86$4
48 years$974$550$296$154$78$3
49 years$943$525$278$142$71$3
50 years$914$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $936,000, adding $3,757 every year, while hoping to spend $41,020 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: 23/47/30 Blend
57$936,000$936,000$936,000$936,000
58$1,035,347$985,739$971,231$1,049,329
59$1,097,308$990,396$960,123$1,066,572
60$1,164,213$993,905$947,267$1,081,352
61$1,236,525$996,169$932,563$1,096,317
62$1,314,750$997,080$915,903$1,111,511
63$1,399,445$996,528$897,176$1,126,984
64$1,491,223$994,391$876,265$1,142,798
65$1,590,756$990,545$853,049$1,159,022
66$1,698,786$984,855$827,398$1,175,738
67$1,816,126$977,177$799,181$1,193,041
68$1,943,673$967,361$768,256$1,211,041
69$2,082,413$955,247$734,477$1,229,863
70$2,233,430$940,664$697,693$1,249,651
71$2,397,916$923,433$657,742$1,270,569
72$2,577,185$903,363$614,458$1,292,804
73$2,772,682$880,252$567,667$1,316,569
74$2,985,998$853,887$517,185$1,342,105
75$3,218,882$824,040$462,824$1,369,686
76$3,473,263$790,472$404,383$1,399,620
77$3,751,261$752,931$341,655$1,432,255
78$4,055,213$711,147$274,423$1,467,984
79$4,387,689$664,838$202,461$1,507,250
80$4,751,521$613,703$125,531$1,550,548
81$5,149,827$557,425$43,388$1,598,437
82$5,586,040$495,670$0$1,651,541
83$6,063,942$428,083$0$1,724,733
84$6,587,695$354,291$0$1,820,368
85$7,161,886$273,897$0$1,925,509
86$7,791,565$186,485$0$2,041,230
87$8,482,296$91,613$0$2,168,723
88$9,240,204$0$0$2,309,310
89$10,072,040$0$0$2,470,243
90$10,985,236$0$0$2,699,100
91$11,987,984$0$0$2,950,572
92$13,089,302$0$0$3,226,943
93$14,299,129$0$0$3,530,729
94$15,628,412$0$0$3,864,703
95$17,089,211$0$0$4,231,919
96$18,694,813$0$0$4,635,740
97$20,459,855$0$0$5,079,874
98$22,400,463$0$0$5,568,405
99$24,534,406$0$0$6,105,834
100$26,881,257$0$0$6,697,118