Can I retire at age 58 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$165,984$164,505$163,063$161,655$160,280$159,538
2 years$82,170$80,640$79,157$77,719$76,324$75,574
3 years$54,236$52,699$51,220$49,795$48,423$47,690
4 years$40,272$38,739$37,275$35,875$34,536$33,824
5 years$31,895$30,372$28,927$27,555$26,253$25,566
6 years$26,313$24,801$23,377$22,036$20,773$20,111
7 years$22,327$20,828$19,427$18,117$16,894$16,257
8 years$19,339$17,853$16,475$15,198$14,016$13,403
9 years$17,016$15,545$14,190$12,945$11,803$11,216
10 years$15,159$13,702$12,371$11,159$10,057$9,495
11 years$13,640$12,198$10,891$9,712$8,649$8,112
12 years$12,376$10,948$9,666$8,518$7,495$6,982
13 years$11,307$9,894$8,636$7,520$6,536$6,046
14 years$10,391$8,993$7,759$6,676$5,729$5,262
15 years$9,598$8,216$7,006$5,954$5,045$4,600
16 years$8,905$7,538$6,352$5,331$4,458$4,036
17 years$8,294$6,942$5,780$4,790$3,953$3,552
18 years$7,752$6,415$5,276$4,317$3,515$3,134
19 years$7,267$5,945$4,830$3,900$3,133$2,772
20 years$6,831$5,524$4,433$3,533$2,798$2,457
21 years$6,438$5,146$4,077$3,206$2,504$2,181
22 years$6,080$4,803$3,758$2,915$2,245$1,939
23 years$5,754$4,492$3,470$2,655$2,015$1,726
24 years$5,456$4,209$3,209$2,421$1,811$1,539
25 years$5,182$3,950$2,972$2,211$1,630$1,373
26 years$4,930$3,712$2,756$2,022$1,468$1,227
27 years$4,696$3,494$2,560$1,851$1,324$1,096
28 years$4,480$3,292$2,380$1,696$1,194$981
29 years$4,279$3,106$2,214$1,555$1,078$878
30 years$4,091$2,933$2,063$1,427$974$786
31 years$3,917$2,773$1,923$1,311$881$705
32 years$3,753$2,624$1,794$1,204$797$632
33 years$3,600$2,485$1,675$1,108$721$567
34 years$3,456$2,355$1,565$1,019$653$508
35 years$3,320$2,234$1,463$938$591$456
36 years$3,192$2,120$1,369$864$536$410
37 years$3,072$2,013$1,281$796$486$368
38 years$2,958$1,914$1,200$734$440$330
39 years$2,850$1,820$1,124$677$399$297
40 years$2,748$1,731$1,054$624$362$267
41 years$2,651$1,648$988$576$329$240
42 years$2,559$1,569$927$531$298$216
43 years$2,471$1,495$870$490$271$194
44 years$2,388$1,425$816$453$246$174
45 years$2,309$1,359$766$418$223$157
46 years$2,233$1,297$720$386$202$141
47 years$2,161$1,237$676$357$184$127
48 years$2,092$1,181$636$330$167$114
49 years$2,026$1,128$597$305$152$102
50 years$1,962$1,078$562$282$138$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,010,000, adding $2,185 every year, while hoping to spend $45,081 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: 53/27/20 Blend
57$2,010,000$2,010,000$2,010,000$2,010,000
58$2,217,274$2,110,744$2,079,589$2,322,531
59$2,395,470$2,166,204$2,101,289$2,450,518
60$2,590,331$2,222,872$2,122,206$2,584,813
61$2,803,510$2,280,757$2,142,264$2,729,979
62$3,036,825$2,339,871$2,161,387$2,887,063
63$3,292,280$2,400,224$2,179,493$3,057,223
64$3,572,081$2,461,823$2,196,494$3,241,731
65$3,878,657$2,524,677$2,212,300$3,441,990
66$4,214,684$2,588,790$2,226,817$3,659,544
67$4,583,108$2,654,167$2,239,942$3,896,094
68$4,987,176$2,720,812$2,251,570$4,153,517
69$5,430,461$2,788,725$2,261,591$4,433,876
70$5,916,900$2,857,905$2,269,887$4,739,447
71$6,450,832$2,928,350$2,276,335$5,072,737
72$7,037,032$3,000,054$2,280,808$5,436,508
73$7,680,763$3,073,011$2,283,169$5,833,805
74$8,387,823$3,147,210$2,283,277$6,267,980
75$9,164,596$3,222,639$2,280,982$6,742,730
76$10,018,119$3,299,282$2,276,129$7,262,127
77$10,956,141$3,377,121$2,268,554$7,830,658
78$11,987,201$3,456,134$2,258,084$8,453,269
79$13,120,706$3,536,294$2,244,539$9,135,409
80$14,367,018$3,617,573$2,227,732$9,883,085
81$15,737,556$3,699,936$2,207,463$10,702,914
82$17,244,900$3,783,346$2,183,527$11,602,191
83$18,902,910$3,867,760$2,155,704$12,588,954
84$20,726,856$3,953,129$2,123,770$13,672,061
85$22,733,563$4,039,401$2,087,484$14,861,276
86$24,941,571$4,126,516$2,046,599$16,167,359
87$27,371,305$4,214,409$2,000,854$17,602,166
88$30,045,271$4,303,008$1,949,976$19,178,766
89$32,988,268$4,392,234$1,893,679$20,911,562
90$36,227,619$4,482,002$1,831,665$22,816,428
91$39,793,432$4,572,216$1,763,622$24,910,856
92$43,718,882$4,662,774$1,689,223$27,214,126
93$48,040,523$4,753,565$1,608,127$29,747,487
94$52,798,634$4,844,468$1,519,977$32,534,357
95$58,037,600$4,935,352$1,424,401$35,600,543
96$63,806,325$5,026,074$1,321,008$38,974,490
97$70,158,700$5,116,481$1,209,392$42,687,545
98$77,154,107$5,206,409$1,089,127$46,774,257
99$84,857,981$5,295,678$959,768$51,272,702
100$93,342,427$5,384,098$820,851$56,224,843