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%11.8%
1 years$173,416$171,871$170,364$168,893$167,457$166,193
2 years$85,850$84,251$82,701$81,199$79,741$78,467
3 years$56,665$55,059$53,513$52,025$50,591$49,346
4 years$42,075$40,474$38,944$37,481$36,082$34,875
5 years$33,323$31,732$30,222$28,789$27,429$26,265
6 years$27,491$25,912$24,424$23,023$21,704$20,583
7 years$23,327$21,761$20,296$18,928$17,651$16,574
8 years$20,205$18,653$17,213$15,878$14,643$13,611
9 years$17,778$16,241$14,825$13,525$12,332$11,343
10 years$15,837$14,315$12,925$11,659$10,507$9,562
11 years$14,251$12,744$11,379$10,146$9,037$8,134
12 years$12,930$11,438$10,099$8,900$7,831$6,971
13 years$11,813$10,337$9,023$7,857$6,829$6,010
14 years$10,856$9,396$8,107$6,975$5,986$5,207
15 years$10,028$8,583$7,319$6,220$5,271$4,530
16 years$9,304$7,875$6,636$5,570$4,658$3,956
17 years$8,666$7,253$6,039$5,004$4,130$3,464
18 years$8,099$6,702$5,512$4,510$3,672$3,042
19 years$7,592$6,211$5,046$4,075$3,273$2,677
20 years$7,137$5,772$4,631$3,691$2,924$2,361
21 years$6,726$5,376$4,260$3,350$2,616$2,085
22 years$6,352$5,018$3,926$3,045$2,345$1,844
23 years$6,012$4,694$3,625$2,774$2,105$1,633
24 years$5,700$4,398$3,353$2,530$1,892$1,448
25 years$5,414$4,127$3,105$2,310$1,703$1,285
26 years$5,150$3,879$2,880$2,112$1,534$1,142
27 years$4,906$3,650$2,674$1,934$1,383$1,015
28 years$4,680$3,440$2,486$1,772$1,248$903
29 years$4,470$3,245$2,313$1,625$1,127$804
30 years$4,275$3,064$2,155$1,491$1,018$716
31 years$4,092$2,897$2,009$1,369$920$638
32 years$3,921$2,741$1,874$1,258$833$569
33 years$3,761$2,596$1,750$1,157$753$507
34 years$3,610$2,460$1,635$1,065$682$452
35 years$3,469$2,334$1,529$980$618$404
36 years$3,335$2,215$1,430$903$560$360
37 years$3,209$2,104$1,339$832$507$322
38 years$3,090$1,999$1,254$767$460$287
39 years$2,978$1,901$1,174$707$417$256
40 years$2,871$1,809$1,101$652$378$229
41 years$2,770$1,722$1,032$602$343$205
42 years$2,674$1,640$968$555$311$183
43 years$2,582$1,562$909$512$283$163
44 years$2,495$1,489$853$473$257$146
45 years$2,412$1,420$801$437$233$130
46 years$2,333$1,355$752$404$211$117
47 years$2,258$1,293$707$373$192$104
48 years$2,185$1,234$664$345$174$93
49 years$2,116$1,179$624$318$158$83
50 years$2,050$1,126$587$294$144$74

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 $3,896 every year, while hoping to spend $32,720 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: 55/32/13 Blend
57$2,100,000$2,100,000$2,100,000$2,100,000
58$2,318,219$2,206,919$2,174,369$2,437,722
59$2,519,863$2,280,244$2,212,396$2,592,618
60$2,740,979$2,356,065$2,250,601$2,757,305
61$2,983,517$2,434,471$2,288,955$2,935,866
62$3,249,627$2,515,552$2,327,426$3,129,630
63$3,541,677$2,599,402$2,365,983$3,340,060
64$3,862,275$2,686,119$2,404,590$3,568,765
65$4,214,293$2,775,805$2,443,209$3,817,515
66$4,600,896$2,868,564$2,481,802$4,088,258
67$5,025,569$2,964,506$2,520,325$4,383,138
68$5,492,155$3,063,744$2,558,733$4,704,515
69$6,004,882$3,166,395$2,596,977$5,054,985
70$6,568,411$3,272,580$2,635,008$5,437,408
71$7,187,879$3,382,426$2,672,770$5,854,932
72$7,868,941$3,496,063$2,710,206$6,311,020
73$8,617,830$3,613,627$2,747,255$6,809,488
74$9,441,413$3,735,259$2,783,853$7,354,537
75$10,347,255$3,861,105$2,819,930$7,950,792
76$11,343,691$3,991,315$2,855,414$8,603,346
77$12,439,907$4,126,049$2,890,229$9,317,808
78$13,646,019$4,265,467$2,924,294$10,100,356
79$14,973,179$4,409,741$2,957,524$10,957,792
80$16,433,669$4,559,044$2,989,827$11,897,609
81$18,041,026$4,713,560$3,021,109$12,928,059
82$19,810,164$4,873,478$3,051,269$14,058,232
83$21,757,517$5,038,994$3,080,202$15,298,140
84$23,901,190$5,210,311$3,107,796$16,658,812
85$26,261,137$5,387,642$3,133,933$18,152,395
86$28,859,342$5,571,206$3,158,489$19,792,272
87$31,720,031$5,761,231$3,181,334$21,593,186
88$34,869,897$5,957,954$3,202,331$23,571,375
89$38,338,353$6,161,620$3,221,336$25,744,732
90$42,157,812$6,372,486$3,238,197$28,132,966
91$46,363,986$6,590,816$3,252,755$30,757,792
92$50,996,232$6,816,885$3,264,842$33,643,132
93$56,097,916$7,050,980$3,274,281$36,815,344
94$61,716,823$7,293,398$3,280,890$40,303,467
95$67,905,612$7,544,448$3,284,472$44,139,492
96$74,722,308$7,804,449$3,284,826$48,358,671
97$82,230,852$8,073,736$3,281,736$52,999,842
98$90,501,704$8,352,654$3,274,980$58,105,796
99$99,612,507$8,641,563$3,264,321$63,723,683
100$109,648,821$8,940,838$3,249,513$69,905,452