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%11.7%
1 years$165,984$164,505$163,063$161,655$160,280$159,137
2 years$82,170$80,640$79,157$77,719$76,324$75,171
3 years$54,236$52,699$51,220$49,795$48,423$47,296
4 years$40,272$38,739$37,275$35,875$34,536$33,444
5 years$31,895$30,372$28,927$27,555$26,253$25,199
6 years$26,313$24,801$23,377$22,036$20,773$19,759
7 years$22,327$20,828$19,427$18,117$16,894$15,920
8 years$19,339$17,853$16,475$15,198$14,016$13,081
9 years$17,016$15,545$14,190$12,945$11,803$10,908
10 years$15,159$13,702$12,371$11,159$10,057$9,201
11 years$13,640$12,198$10,891$9,712$8,649$7,832
12 years$12,376$10,948$9,666$8,518$7,495$6,715
13 years$11,307$9,894$8,636$7,520$6,536$5,793
14 years$10,391$8,993$7,759$6,676$5,729$5,023
15 years$9,598$8,216$7,006$5,954$5,045$4,373
16 years$8,905$7,538$6,352$5,331$4,458$3,821
17 years$8,294$6,942$5,780$4,790$3,953$3,349
18 years$7,752$6,415$5,276$4,317$3,515$2,943
19 years$7,267$5,945$4,830$3,900$3,133$2,591
20 years$6,831$5,524$4,433$3,533$2,798$2,287
21 years$6,438$5,146$4,077$3,206$2,504$2,021
22 years$6,080$4,803$3,758$2,915$2,245$1,789
23 years$5,754$4,492$3,470$2,655$2,015$1,586
24 years$5,456$4,209$3,209$2,421$1,811$1,407
25 years$5,182$3,950$2,972$2,211$1,630$1,250
26 years$4,930$3,712$2,756$2,022$1,468$1,111
27 years$4,696$3,494$2,560$1,851$1,324$989
28 years$4,480$3,292$2,380$1,696$1,194$880
29 years$4,279$3,106$2,214$1,555$1,078$784
30 years$4,091$2,933$2,063$1,427$974$699
31 years$3,917$2,773$1,923$1,311$881$623
32 years$3,753$2,624$1,794$1,204$797$556
33 years$3,600$2,485$1,675$1,108$721$496
34 years$3,456$2,355$1,565$1,019$653$443
35 years$3,320$2,234$1,463$938$591$396
36 years$3,192$2,120$1,369$864$536$353
37 years$3,072$2,013$1,281$796$486$316
38 years$2,958$1,914$1,200$734$440$282
39 years$2,850$1,820$1,124$677$399$252
40 years$2,748$1,731$1,054$624$362$225
41 years$2,651$1,648$988$576$329$202
42 years$2,559$1,569$927$531$298$180
43 years$2,471$1,495$870$490$271$161
44 years$2,388$1,425$816$453$246$144
45 years$2,309$1,359$766$418$223$129
46 years$2,233$1,297$720$386$202$115
47 years$2,161$1,237$676$357$184$103
48 years$2,092$1,181$636$330$167$92
49 years$2,026$1,128$597$305$152$83
50 years$1,962$1,078$562$282$138$74

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 $5,526 every year, while hoping to spend $41,999 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: 64/26/10 Blend
57$2,010,000$2,010,000$2,010,000$2,010,000
58$2,220,720$2,114,190$2,083,035$2,357,672
59$2,402,547$2,173,099$2,108,130$2,508,671
60$2,601,512$2,233,486$2,132,658$2,668,117
61$2,819,321$2,295,381$2,156,556$2,841,201
62$3,057,847$2,358,811$2,179,757$3,029,249
63$3,319,159$2,423,804$2,202,190$3,233,717
64$3,605,531$2,490,388$2,223,781$3,456,211
65$3,919,469$2,558,591$2,244,451$3,698,497
66$4,263,733$2,628,440$2,264,119$3,962,521
67$4,641,363$2,699,963$2,282,696$4,250,425
68$5,055,708$2,773,187$2,300,092$4,564,570
69$5,510,455$2,848,137$2,316,210$4,907,553
70$6,009,666$2,924,841$2,330,948$5,282,236
71$6,557,817$3,003,324$2,344,200$5,691,772
72$7,159,837$3,083,609$2,355,854$6,139,633
73$7,821,157$3,165,723$2,365,791$6,629,643
74$8,547,758$3,249,686$2,373,888$7,166,014
75$9,346,232$3,335,523$2,380,015$7,753,388
76$10,223,837$3,423,253$2,384,036$8,396,876
77$11,188,573$3,512,897$2,385,806$9,102,112
78$12,249,253$3,604,474$2,385,175$9,875,300
79$13,415,584$3,698,001$2,381,986$10,723,275
80$14,698,264$3,793,493$2,376,073$11,653,570
81$16,109,077$3,890,964$2,367,261$12,674,482
82$17,661,008$3,990,427$2,355,370$13,795,153
83$19,368,363$4,091,891$2,340,207$15,025,656
84$21,246,906$4,195,363$2,321,574$16,377,091
85$23,314,003$4,300,848$2,299,259$17,861,686
86$25,588,792$4,408,350$2,273,045$19,492,916
87$28,092,357$4,517,868$2,242,700$21,285,629
88$30,847,931$4,629,397$2,207,984$23,256,184
89$33,881,114$4,742,931$2,168,646$25,422,608
90$37,220,112$4,858,459$2,124,420$27,804,766
91$40,896,006$4,975,967$2,075,031$30,424,544
92$44,943,044$5,095,434$2,020,189$33,306,064
93$49,398,963$5,216,839$1,959,594$36,475,903
94$54,305,345$5,340,152$1,892,928$39,963,347
95$59,708,009$5,465,339$1,819,861$43,800,669
96$65,657,447$5,592,361$1,740,047$48,023,434
97$72,209,293$5,721,173$1,653,124$52,670,829
98$79,424,852$5,851,722$1,558,716$57,786,040
99$87,371,681$5,983,950$1,456,426$63,416,655
100$96,124,219$6,117,790$1,345,843$69,615,116