Can I retire at age 58 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$170,939$169,416$167,930$166,481$165,065$161,997
2 years$84,623$83,047$81,520$80,039$78,602$75,523
3 years$55,855$54,272$52,749$51,282$49,868$46,874
4 years$41,474$39,896$38,387$36,945$35,567$32,679
5 years$32,847$31,279$29,790$28,378$27,037$24,266
6 years$27,098$25,541$24,075$22,694$21,394$18,741
7 years$22,993$21,450$20,006$18,658$17,399$14,866
8 years$19,916$18,386$16,967$15,652$14,434$12,020
9 years$17,524$16,009$14,614$13,332$12,155$9,859
10 years$15,611$14,111$12,741$11,492$10,357$8,176
11 years$14,047$12,562$11,217$10,002$8,907$6,839
12 years$12,745$11,275$9,954$8,773$7,719$5,761
13 years$11,644$10,189$8,894$7,745$6,731$4,879
14 years$10,701$9,262$7,991$6,875$5,900$4,152
15 years$9,885$8,461$7,215$6,131$5,195$3,547
16 years$9,171$7,763$6,541$5,490$4,592$3,040
17 years$8,542$7,149$5,952$4,933$4,071$2,612
18 years$7,983$6,606$5,434$4,445$3,620$2,250
19 years$7,484$6,122$4,974$4,017$3,226$1,941
20 years$7,035$5,689$4,565$3,638$2,882$1,678
21 years$6,630$5,299$4,199$3,302$2,579$1,452
22 years$6,262$4,947$3,870$3,002$2,312$1,258
23 years$5,926$4,627$3,573$2,734$2,075$1,092
24 years$5,619$4,335$3,305$2,494$1,865$948
25 years$5,337$4,068$3,061$2,277$1,678$824
26 years$5,077$3,823$2,839$2,082$1,512$716
27 years$4,836$3,598$2,636$1,906$1,363$623
28 years$4,614$3,391$2,451$1,746$1,230$542
29 years$4,407$3,199$2,280$1,601$1,111$472
30 years$4,214$3,021$2,124$1,470$1,003$411
31 years$4,034$2,856$1,980$1,350$907$358
32 years$3,865$2,702$1,848$1,240$821$312
33 years$3,707$2,559$1,725$1,141$743$272
34 years$3,559$2,425$1,612$1,050$672$238
35 years$3,419$2,300$1,507$966$609$207
36 years$3,288$2,183$1,410$890$552$181
37 years$3,164$2,074$1,320$820$500$158
38 years$3,046$1,971$1,236$756$453$138
39 years$2,935$1,874$1,158$697$411$120
40 years$2,830$1,783$1,085$643$373$105
41 years$2,730$1,697$1,017$593$338$92
42 years$2,635$1,616$954$547$307$80
43 years$2,545$1,540$896$505$279$70
44 years$2,459$1,468$841$466$253$61
45 years$2,378$1,400$789$431$230$53
46 years$2,300$1,335$741$398$208$46
47 years$2,225$1,274$697$368$189$41
48 years$2,154$1,217$655$340$172$35
49 years$2,086$1,162$615$314$156$31
50 years$2,021$1,110$578$290$142$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,070,000, adding $3,059 every year, while hoping to spend $46,110 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: 71/24/5 Blend
57$2,070,000$2,070,000$2,070,000$2,070,000
58$2,284,295$2,174,585$2,142,500$2,445,195
59$2,468,233$2,232,079$2,165,213$2,609,243
60$2,669,386$2,290,845$2,187,142$2,782,690
61$2,889,464$2,350,896$2,208,211$2,971,227
62$3,130,344$2,412,246$2,228,342$3,176,324
63$3,394,099$2,474,905$2,247,450$3,399,599
64$3,683,007$2,538,885$2,265,450$3,642,834
65$3,999,579$2,604,196$2,282,248$3,907,992
66$4,346,580$2,670,845$2,297,747$4,197,232
67$4,727,055$2,738,841$2,311,845$4,512,935
68$5,144,357$2,808,187$2,324,435$4,857,720
69$5,602,182$2,878,888$2,335,403$5,234,473
70$6,104,597$2,950,946$2,344,632$5,646,372
71$6,656,085$3,024,361$2,351,996$6,096,918
72$7,261,582$3,099,132$2,357,365$6,589,965
73$7,926,527$3,175,253$2,360,601$7,129,762
74$8,656,911$3,252,719$2,361,559$7,720,986
75$9,459,334$3,331,520$2,360,088$8,368,791
76$10,341,065$3,411,643$2,356,030$9,078,855
77$11,310,114$3,493,074$2,349,218$9,857,433
78$12,375,306$3,575,795$2,339,477$10,711,414
79$13,546,361$3,659,783$2,326,624$11,648,391
80$14,833,990$3,745,013$2,310,466$12,676,727
81$16,249,994$3,831,455$2,290,803$13,805,638
82$17,807,372$3,919,075$2,267,424$15,045,275
83$19,520,449$4,007,834$2,240,107$16,406,826
84$21,405,006$4,097,690$2,208,623$17,902,616
85$23,478,433$4,188,593$2,172,728$19,546,226
86$25,759,888$4,280,489$2,132,169$21,352,619
87$28,270,481$4,373,318$2,086,681$23,338,283
88$31,033,472$4,467,012$2,035,987$25,521,388
89$34,074,489$4,561,498$1,979,795$27,921,950
90$37,421,771$4,656,696$1,917,802$30,562,031
91$41,106,434$4,752,516$1,849,691$33,465,936
92$45,162,763$4,848,863$1,775,129$36,660,450
93$49,628,538$4,945,630$1,693,768$40,175,088
94$54,545,385$5,042,702$1,605,246$44,042,374
95$59,959,175$5,139,955$1,509,182$48,298,144
96$65,920,452$5,237,253$1,405,181$52,981,893
97$72,484,910$5,334,451$1,292,826$58,137,139
98$79,713,920$5,431,389$1,171,686$63,811,838
99$87,675,110$5,527,897$1,041,307$70,058,836
100$96,442,998$5,623,791$901,218$76,936,369