Can I retire at age 58 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$172,590$171,053$169,553$168,089$166,660$160,746
2 years$85,441$83,849$82,307$80,812$79,362$73,467
3 years$56,395$54,797$53,258$51,777$50,350$44,660
4 years$41,874$40,281$38,758$37,302$35,910$30,467
5 years$33,165$31,581$30,078$28,652$27,298$22,117
6 years$27,360$25,788$24,308$22,913$21,600$16,685
7 years$23,215$21,657$20,200$18,838$17,567$12,916
8 years$20,108$18,564$17,131$15,803$14,573$10,183
9 years$17,693$16,163$14,755$13,461$12,273$8,138
10 years$15,762$14,247$12,864$11,603$10,457$6,570
11 years$14,183$12,683$11,325$10,098$8,993$5,346
12 years$12,868$11,384$10,051$8,857$7,794$4,378
13 years$11,757$10,288$8,980$7,820$6,796$3,602
14 years$10,804$9,351$8,068$6,942$5,957$2,976
15 years$9,980$8,543$7,284$6,191$5,245$2,467
16 years$9,259$7,838$6,604$5,543$4,636$2,050
17 years$8,624$7,218$6,010$4,980$4,111$1,707
18 years$8,060$6,670$5,486$4,488$3,655$1,424
19 years$7,556$6,182$5,022$4,056$3,258$1,190
20 years$7,103$5,744$4,609$3,673$2,910$996
21 years$6,694$5,351$4,240$3,334$2,604$834
22 years$6,322$4,995$3,907$3,031$2,334$699
23 years$5,983$4,671$3,608$2,760$2,095$586
24 years$5,673$4,377$3,337$2,518$1,883$492
25 years$5,388$4,107$3,090$2,299$1,695$413
26 years$5,126$3,860$2,866$2,102$1,526$347
27 years$4,883$3,633$2,662$1,924$1,376$291
28 years$4,658$3,423$2,474$1,763$1,242$245
29 years$4,449$3,229$2,302$1,617$1,121$206
30 years$4,254$3,050$2,145$1,484$1,013$173
31 years$4,072$2,883$1,999$1,363$916$146
32 years$3,902$2,728$1,865$1,252$829$122
33 years$3,743$2,584$1,742$1,152$750$103
34 years$3,593$2,449$1,627$1,060$679$87
35 years$3,452$2,322$1,522$975$615$73
36 years$3,319$2,204$1,423$898$557$61
37 years$3,194$2,094$1,332$828$505$52
38 years$3,076$1,990$1,248$763$458$43
39 years$2,964$1,892$1,169$703$415$37
40 years$2,857$1,800$1,096$649$377$31
41 years$2,757$1,714$1,027$599$342$26
42 years$2,661$1,632$964$552$310$22
43 years$2,570$1,555$904$510$281$18
44 years$2,483$1,482$849$471$255$15
45 years$2,401$1,413$797$435$232$13
46 years$2,322$1,348$749$402$210$11
47 years$2,247$1,287$703$371$191$9
48 years$2,175$1,228$661$343$174$8
49 years$2,106$1,173$621$317$158$7
50 years$2,041$1,120$584$293$143$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,090,000, adding $4,488 every year, while hoping to spend $43,087 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: 29/46/25 Blend
57$2,090,000$2,090,000$2,090,000$2,090,000
58$2,307,809$2,197,039$2,164,644$2,356,699
59$2,497,362$2,258,850$2,191,316$2,457,047
60$2,704,804$2,322,245$2,217,436$2,560,768
61$2,931,916$2,387,258$2,242,943$2,671,400
62$3,180,657$2,453,919$2,267,767$2,789,566
63$3,453,185$2,522,261$2,291,838$2,915,954
64$3,751,876$2,592,318$2,315,080$3,051,319
65$4,079,347$2,664,121$2,337,415$3,196,493
66$4,438,480$2,737,703$2,358,758$3,352,391
67$4,832,451$2,813,097$2,379,023$3,520,021
68$5,264,756$2,890,333$2,398,115$3,700,491
69$5,739,247$2,969,446$2,415,938$3,895,025
70$6,260,167$3,050,465$2,432,389$4,104,965
71$6,832,190$3,133,424$2,447,359$4,331,794
72$7,460,464$3,218,352$2,460,736$4,577,142
73$8,150,660$3,305,280$2,472,400$4,842,806
74$8,909,028$3,394,239$2,482,225$5,130,764
75$9,742,449$3,485,257$2,490,080$5,443,198
76$10,658,507$3,578,363$2,495,827$5,782,507
77$11,665,557$3,673,585$2,499,319$6,151,339
78$12,772,802$3,770,949$2,500,404$6,552,607
79$13,990,383$3,870,480$2,498,922$6,989,524
80$15,329,471$3,972,204$2,494,706$7,465,629
81$16,802,377$4,076,141$2,487,579$7,984,820
82$18,422,663$4,182,315$2,477,355$8,551,395
83$20,205,270$4,290,744$2,463,842$9,170,089
84$22,166,663$4,401,447$2,446,837$9,846,120
85$24,324,983$4,514,438$2,426,126$10,585,237
86$26,700,218$4,629,731$2,401,487$11,393,778
87$29,314,389$4,747,338$2,372,687$12,278,725
88$32,191,765$4,867,265$2,339,480$13,247,775
89$35,359,084$4,989,520$2,301,611$14,309,409
90$38,845,807$5,114,103$2,258,812$15,472,976
91$42,684,399$5,241,014$2,210,802$16,748,777
92$46,910,632$5,370,247$2,157,287$18,148,166
93$51,563,921$5,501,795$2,097,962$19,683,656
94$56,687,701$5,635,643$2,032,503$21,369,038
95$62,329,831$5,771,773$1,960,576$23,219,513
96$68,543,047$5,910,164$1,881,829$25,251,832
97$75,385,462$6,050,786$1,795,895$27,484,459
98$82,921,111$6,193,606$1,702,389$29,937,742
99$91,220,555$6,338,584$1,600,910$32,634,109
100$100,361,550$6,485,672$1,491,038$35,598,279