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%16%
1 years$172,590$171,053$169,553$168,089$166,660$162,565
2 years$85,441$83,849$82,307$80,812$79,362$75,261
3 years$56,395$54,797$53,258$51,777$50,350$46,373
4 years$41,874$40,281$38,758$37,302$35,910$32,086
5 years$33,165$31,581$30,078$28,652$27,298$23,638
6 years$27,360$25,788$24,308$22,913$21,600$18,108
7 years$23,215$21,657$20,200$18,838$17,567$14,243
8 years$20,108$18,564$17,131$15,803$14,573$11,416
9 years$17,693$16,163$14,755$13,461$12,273$9,280
10 years$15,762$14,247$12,864$11,603$10,457$7,624
11 years$14,183$12,683$11,325$10,098$8,993$6,317
12 years$12,868$11,384$10,051$8,857$7,794$5,269
13 years$11,757$10,288$8,980$7,820$6,796$4,419
14 years$10,804$9,351$8,068$6,942$5,957$3,722
15 years$9,980$8,543$7,284$6,191$5,245$3,147
16 years$9,259$7,838$6,604$5,543$4,636$2,668
17 years$8,624$7,218$6,010$4,980$4,111$2,268
18 years$8,060$6,670$5,486$4,488$3,655$1,932
19 years$7,556$6,182$5,022$4,056$3,258$1,649
20 years$7,103$5,744$4,609$3,673$2,910$1,409
21 years$6,694$5,351$4,240$3,334$2,604$1,206
22 years$6,322$4,995$3,907$3,031$2,334$1,033
23 years$5,983$4,671$3,608$2,760$2,095$885
24 years$5,673$4,377$3,337$2,518$1,883$760
25 years$5,388$4,107$3,090$2,299$1,695$652
26 years$5,126$3,860$2,866$2,102$1,526$560
27 years$4,883$3,633$2,662$1,924$1,376$482
28 years$4,658$3,423$2,474$1,763$1,242$414
29 years$4,449$3,229$2,302$1,617$1,121$356
30 years$4,254$3,050$2,145$1,484$1,013$307
31 years$4,072$2,883$1,999$1,363$916$264
32 years$3,902$2,728$1,865$1,252$829$227
33 years$3,743$2,584$1,742$1,152$750$196
34 years$3,593$2,449$1,627$1,060$679$168
35 years$3,452$2,322$1,522$975$615$145
36 years$3,319$2,204$1,423$898$557$125
37 years$3,194$2,094$1,332$828$505$108
38 years$3,076$1,990$1,248$763$458$93
39 years$2,964$1,892$1,169$703$415$80
40 years$2,857$1,800$1,096$649$377$69
41 years$2,757$1,714$1,027$599$342$59
42 years$2,661$1,632$964$552$310$51
43 years$2,570$1,555$904$510$281$44
44 years$2,483$1,482$849$471$255$38
45 years$2,401$1,413$797$435$232$33
46 years$2,322$1,348$749$402$210$28
47 years$2,247$1,287$703$371$191$24
48 years$2,175$1,228$661$343$174$21
49 years$2,106$1,173$621$317$158$18
50 years$2,041$1,120$584$293$143$16

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 $5,792 every year, while hoping to spend $39,787 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: 30/47/23 Blend
57$2,090,000$2,090,000$2,090,000$2,090,000
58$2,309,154$2,198,384$2,165,989$2,361,776
59$2,502,355$2,263,772$2,196,217$2,468,034
60$2,713,929$2,331,031$2,226,124$2,578,332
61$2,945,708$2,400,209$2,255,657$2,696,169
62$3,199,709$2,471,358$2,284,760$2,822,226
63$3,478,155$2,544,530$2,313,376$2,957,248
64$3,783,492$2,619,778$2,341,440$3,102,056
65$4,118,418$2,697,156$2,368,887$3,257,552
66$4,485,899$2,776,720$2,395,647$3,424,728
67$4,889,206$2,858,525$2,421,647$3,604,675
68$5,331,942$2,942,629$2,446,809$3,798,596
69$5,818,074$3,029,092$2,471,051$4,007,810
70$6,351,973$3,117,973$2,494,287$4,233,773
71$6,938,454$3,209,334$2,516,425$4,478,085
72$7,582,822$3,303,236$2,537,371$4,742,507
73$8,290,919$3,399,744$2,557,022$5,028,979
74$9,069,184$3,498,923$2,575,273$5,339,636
75$9,924,708$3,600,837$2,592,012$5,676,829
76$10,865,306$3,705,556$2,607,122$6,043,145
77$11,899,585$3,813,146$2,620,479$6,441,437
78$13,037,030$3,923,678$2,631,952$6,874,842
79$14,288,091$4,037,222$2,641,407$7,346,818
80$15,664,280$4,153,850$2,648,698$7,861,173
81$17,178,284$4,273,635$2,653,676$8,422,100
82$18,844,077$4,396,652$2,656,182$9,034,220
83$20,677,060$4,522,974$2,656,051$9,702,620
84$22,694,200$4,652,680$2,653,109$10,432,908
85$24,914,192$4,785,846$2,647,173$11,231,259
86$27,357,638$4,922,550$2,638,051$12,104,476
87$30,047,234$5,062,872$2,625,542$13,060,055
88$33,007,991$5,206,892$2,609,437$14,106,254
89$36,267,467$5,354,691$2,589,514$15,252,172
90$39,856,029$5,506,351$2,565,543$16,507,833
91$43,807,136$5,661,954$2,537,281$17,884,282
92$48,157,659$5,821,585$2,504,475$19,393,690
93$52,948,224$5,985,326$2,466,859$21,049,466
94$58,223,599$6,153,264$2,424,155$22,866,387
95$64,033,114$6,325,481$2,376,072$24,860,734
96$70,431,127$6,502,065$2,322,306$27,050,447
97$77,477,536$6,683,101$2,262,537$29,455,296
98$85,238,346$6,868,673$2,196,433$32,097,066
99$93,786,288$7,058,869$2,123,645$34,999,760
100$103,201,510$7,253,774$2,043,807$38,189,831