Can I retire at age 58 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$173,416$171,871$170,364$168,893$167,457$161,067
2 years$85,850$84,251$82,701$81,199$79,741$73,379
3 years$56,665$55,059$53,513$52,025$50,591$44,457
4 years$42,075$40,474$38,944$37,481$36,082$30,222
5 years$33,323$31,732$30,222$28,789$27,429$21,858
6 years$27,491$25,912$24,424$23,023$21,704$16,426
7 years$23,327$21,761$20,296$18,928$17,651$12,665
8 years$20,205$18,653$17,213$15,878$14,643$9,944
9 years$17,778$16,241$14,825$13,525$12,332$7,912
10 years$15,837$14,315$12,925$11,659$10,507$6,360
11 years$14,251$12,744$11,379$10,146$9,037$5,152
12 years$12,930$11,438$10,099$8,900$7,831$4,199
13 years$11,813$10,337$9,023$7,857$6,829$3,439
14 years$10,856$9,396$8,107$6,975$5,986$2,827
15 years$10,028$8,583$7,319$6,220$5,271$2,331
16 years$9,304$7,875$6,636$5,570$4,658$1,928
17 years$8,666$7,253$6,039$5,004$4,130$1,597
18 years$8,099$6,702$5,512$4,510$3,672$1,325
19 years$7,592$6,211$5,046$4,075$3,273$1,102
20 years$7,137$5,772$4,631$3,691$2,924$917
21 years$6,726$5,376$4,260$3,350$2,616$763
22 years$6,352$5,018$3,926$3,045$2,345$636
23 years$6,012$4,694$3,625$2,774$2,105$531
24 years$5,700$4,398$3,353$2,530$1,892$443
25 years$5,414$4,127$3,105$2,310$1,703$370
26 years$5,150$3,879$2,880$2,112$1,534$309
27 years$4,906$3,650$2,674$1,934$1,383$258
28 years$4,680$3,440$2,486$1,772$1,248$216
29 years$4,470$3,245$2,313$1,625$1,127$180
30 years$4,275$3,064$2,155$1,491$1,018$151
31 years$4,092$2,897$2,009$1,369$920$126
32 years$3,921$2,741$1,874$1,258$833$105
33 years$3,761$2,596$1,750$1,157$753$88
34 years$3,610$2,460$1,635$1,065$682$74
35 years$3,469$2,334$1,529$980$618$62
36 years$3,335$2,215$1,430$903$560$52
37 years$3,209$2,104$1,339$832$507$43
38 years$3,090$1,999$1,254$767$460$36
39 years$2,978$1,901$1,174$707$417$30
40 years$2,871$1,809$1,101$652$378$25
41 years$2,770$1,722$1,032$602$343$21
42 years$2,674$1,640$968$555$311$18
43 years$2,582$1,562$909$512$283$15
44 years$2,495$1,489$853$473$257$12
45 years$2,412$1,420$801$437$233$10
46 years$2,333$1,355$752$404$211$9
47 years$2,258$1,293$707$373$192$7
48 years$2,185$1,234$664$345$174$6
49 years$2,116$1,179$624$318$158$5
50 years$2,050$1,126$587$294$144$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,100,000, adding $4,309 every year, while hoping to spend $22,693 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: 42/34/24 Blend
57$2,100,000$2,100,000$2,100,000$2,100,000
58$2,318,645$2,207,345$2,174,795$2,399,569
59$2,531,001$2,291,359$2,223,505$2,541,834
60$2,764,258$2,378,730$2,273,087$2,693,306
61$3,020,522$2,469,598$2,323,545$2,856,892
62$3,302,115$2,564,109$2,374,884$3,033,722
63$3,611,597$2,662,416$2,427,109$3,225,035
64$3,951,785$2,764,679$2,480,221$3,432,193
65$4,325,783$2,871,065$2,534,225$3,656,693
66$4,737,013$2,981,747$2,589,122$3,900,181
67$5,189,244$3,096,908$2,644,913$4,164,467
68$5,686,628$3,216,737$2,701,599$4,451,541
69$6,233,739$3,341,433$2,759,178$4,763,589
70$6,835,619$3,471,201$2,817,648$5,103,019
71$7,497,820$3,606,258$2,877,008$5,472,478
72$8,226,462$3,746,830$2,937,252$5,874,877
73$9,028,288$3,893,151$2,998,377$6,313,419
74$9,910,726$4,045,468$3,060,375$6,791,629
75$10,881,961$4,204,037$3,123,239$7,313,385
76$11,951,013$4,369,127$3,186,959$7,882,956
77$13,127,820$4,541,018$3,251,526$8,505,038
78$14,423,332$4,720,002$3,316,926$9,184,801
79$15,849,615$4,906,385$3,383,146$9,927,935
80$17,419,965$5,100,487$3,450,171$10,740,705
81$19,149,032$5,302,641$3,517,982$11,630,004
82$21,052,959$5,513,196$3,586,560$12,603,426
83$23,149,534$5,732,516$3,655,883$13,669,327
84$25,458,358$5,960,981$3,725,927$14,836,910
85$28,001,032$6,198,990$3,796,666$16,116,307
86$30,801,354$6,446,958$3,868,072$17,518,675
87$33,885,552$6,705,319$3,940,112$19,056,300
88$37,282,526$6,974,527$4,012,754$20,742,711
89$41,024,122$7,255,057$4,085,959$22,592,810
90$45,145,432$7,547,404$4,159,688$24,623,003
91$49,685,126$7,852,087$4,233,898$26,851,365
92$54,685,818$8,169,648$4,308,542$29,297,799
93$60,194,463$8,500,653$4,383,570$31,984,230
94$66,262,807$8,845,693$4,458,928$34,934,804
95$72,947,870$9,205,389$4,534,559$38,176,119
96$80,312,486$9,580,387$4,610,401$41,737,473
97$88,425,897$9,971,363$4,686,387$45,651,140
98$97,364,405$10,379,026$4,762,447$49,952,668
99$107,212,091$10,804,115$4,838,505$54,681,221
100$118,061,611$11,247,404$4,914,482$59,879,940