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%13.6%
1 years$165,984$164,505$163,063$161,655$160,280$157,885
2 years$82,170$80,640$79,157$77,719$76,324$73,916
3 years$54,236$52,699$51,220$49,795$48,423$46,078
4 years$40,272$38,739$37,275$35,875$34,536$32,271
5 years$31,895$30,372$28,927$27,555$26,253$24,076
6 years$26,313$24,801$23,377$22,036$20,773$18,685
7 years$22,327$20,828$19,427$18,117$16,894$14,896
8 years$19,339$17,853$16,475$15,198$14,016$12,107
9 years$17,016$15,545$14,190$12,945$11,803$9,984
10 years$15,159$13,702$12,371$11,159$10,057$8,325
11 years$13,640$12,198$10,891$9,712$8,649$7,004
12 years$12,376$10,948$9,666$8,518$7,495$5,933
13 years$11,307$9,894$8,636$7,520$6,536$5,056
14 years$10,391$8,993$7,759$6,676$5,729$4,329
15 years$9,598$8,216$7,006$5,954$5,045$3,721
16 years$8,905$7,538$6,352$5,331$4,458$3,209
17 years$8,294$6,942$5,780$4,790$3,953$2,775
18 years$7,752$6,415$5,276$4,317$3,515$2,405
19 years$7,267$5,945$4,830$3,900$3,133$2,089
20 years$6,831$5,524$4,433$3,533$2,798$1,818
21 years$6,438$5,146$4,077$3,206$2,504$1,584
22 years$6,080$4,803$3,758$2,915$2,245$1,382
23 years$5,754$4,492$3,470$2,655$2,015$1,208
24 years$5,456$4,209$3,209$2,421$1,811$1,056
25 years$5,182$3,950$2,972$2,211$1,630$924
26 years$4,930$3,712$2,756$2,022$1,468$809
27 years$4,696$3,494$2,560$1,851$1,324$709
28 years$4,480$3,292$2,380$1,696$1,194$622
29 years$4,279$3,106$2,214$1,555$1,078$546
30 years$4,091$2,933$2,063$1,427$974$479
31 years$3,917$2,773$1,923$1,311$881$420
32 years$3,753$2,624$1,794$1,204$797$369
33 years$3,600$2,485$1,675$1,108$721$324
34 years$3,456$2,355$1,565$1,019$653$285
35 years$3,320$2,234$1,463$938$591$250
36 years$3,192$2,120$1,369$864$536$220
37 years$3,072$2,013$1,281$796$486$194
38 years$2,958$1,914$1,200$734$440$170
39 years$2,850$1,820$1,124$677$399$150
40 years$2,748$1,731$1,054$624$362$132
41 years$2,651$1,648$988$576$329$116
42 years$2,559$1,569$927$531$298$102
43 years$2,471$1,495$870$490$271$90
44 years$2,388$1,425$816$453$246$79
45 years$2,309$1,359$766$418$223$69
46 years$2,233$1,297$720$386$202$61
47 years$2,161$1,237$676$357$184$54
48 years$2,092$1,181$636$330$167$47
49 years$2,026$1,128$597$305$152$42
50 years$1,962$1,078$562$282$138$37

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 $2,001 every year, while hoping to spend $36,782 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: 48/35/17 Blend
57$2,010,000$2,010,000$2,010,000$2,010,000
58$2,217,084$2,110,554$2,079,399$2,312,830
59$2,404,091$2,174,835$2,109,923$2,443,672
60$2,608,940$2,241,034$2,140,237$2,581,748
61$2,833,411$2,309,204$2,170,295$2,730,886
62$3,079,467$2,379,404$2,200,048$2,892,135
63$3,349,268$2,451,689$2,229,445$3,066,650
64$3,645,193$2,526,122$2,258,431$3,255,704
65$3,969,863$2,602,762$2,286,948$3,460,693
66$4,326,164$2,681,672$2,314,936$3,683,158
67$4,717,276$2,762,918$2,342,330$3,924,793
68$5,146,702$2,846,564$2,369,061$4,187,463
69$5,618,299$2,932,680$2,395,059$4,473,221
70$6,136,319$3,021,334$2,420,246$4,784,328
71$6,705,442$3,112,598$2,444,543$5,123,272
72$7,330,827$3,206,545$2,467,865$5,492,795
73$8,018,157$3,303,251$2,490,124$5,895,914
74$8,773,691$3,402,793$2,511,226$6,335,952
75$9,604,327$3,505,249$2,531,071$6,816,569
76$10,517,663$3,610,700$2,549,556$7,341,797
77$11,522,070$3,719,230$2,566,572$7,916,074
78$12,626,772$3,830,924$2,582,003$8,544,292
79$13,841,932$3,945,868$2,595,729$9,231,836
80$15,178,746$4,064,153$2,607,623$9,984,639
81$16,649,550$4,185,868$2,617,550$10,809,238
82$18,267,937$4,311,109$2,625,372$11,712,831
83$20,048,884$4,439,971$2,630,939$12,703,351
84$22,008,893$4,572,552$2,634,098$13,789,536
85$24,166,146$4,708,952$2,634,686$14,981,011
86$26,540,677$4,849,275$2,632,532$16,288,383
87$29,154,562$4,993,626$2,627,458$17,723,335
88$32,032,126$5,142,112$2,619,277$19,298,742
89$35,200,171$5,294,844$2,607,791$21,028,786
90$38,688,231$5,451,934$2,592,794$22,929,095
91$42,528,849$5,613,497$2,574,071$25,016,888
92$46,757,884$5,779,651$2,551,395$27,311,136
93$51,414,850$5,950,515$2,524,528$29,832,744
94$56,543,287$6,126,214$2,493,223$32,604,744
95$62,191,176$6,306,871$2,457,219$35,652,516
96$68,411,383$6,492,615$2,416,243$39,004,024
97$75,262,169$6,683,578$2,370,012$42,690,083
98$82,807,728$6,879,891$2,318,225$46,744,648
99$91,118,802$7,081,692$2,260,572$51,205,132
100$100,273,343$7,289,118$2,196,724$56,112,763