Can I retire at age 58 with 2,110,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$174,242$172,690$171,176$169,698$168,254$167,334
2 years$86,258$84,652$83,095$81,585$80,121$79,193
3 years$56,934$55,321$53,768$52,273$50,832$49,924
4 years$42,275$40,667$39,129$37,659$36,254$35,373
5 years$33,482$31,883$30,366$28,926$27,560$26,709
6 years$27,622$26,035$24,540$23,132$21,807$20,988
7 years$23,438$21,864$20,393$19,018$17,735$16,947
8 years$20,301$18,742$17,295$15,954$14,713$13,956
9 years$17,862$16,318$14,896$13,589$12,390$11,665
10 years$15,913$14,383$12,987$11,714$10,557$9,863
11 years$14,319$12,805$11,433$10,195$9,080$8,416
12 years$12,991$11,493$10,147$8,942$7,868$7,235
13 years$11,869$10,386$9,065$7,895$6,861$6,257
14 years$10,908$9,441$8,145$7,008$6,014$5,439
15 years$10,076$8,624$7,354$6,250$5,296$4,748
16 years$9,348$7,913$6,668$5,596$4,680$4,160
17 years$8,707$7,287$6,067$5,028$4,150$3,656
18 years$8,137$6,734$5,539$4,531$3,690$3,222
19 years$7,629$6,241$5,070$4,094$3,289$2,845
20 years$7,171$5,799$4,653$3,708$2,938$2,518
21 years$6,758$5,402$4,280$3,365$2,629$2,232
22 years$6,383$5,042$3,945$3,060$2,356$1,982
23 years$6,041$4,716$3,642$2,787$2,115$1,762
24 years$5,728$4,419$3,369$2,542$1,901$1,568
25 years$5,440$4,147$3,120$2,321$1,711$1,397
26 years$5,175$3,897$2,894$2,122$1,541$1,246
27 years$4,930$3,668$2,687$1,943$1,389$1,112
28 years$4,703$3,456$2,498$1,780$1,254$993
29 years$4,492$3,260$2,324$1,632$1,132$888
30 years$4,295$3,079$2,165$1,498$1,023$794
31 years$4,111$2,911$2,019$1,376$925$710
32 years$3,940$2,754$1,883$1,264$837$636
33 years$3,779$2,608$1,758$1,163$757$569
34 years$3,627$2,472$1,643$1,070$685$510
35 years$3,485$2,345$1,536$985$621$457
36 years$3,351$2,225$1,437$907$562$409
37 years$3,225$2,114$1,345$836$510$367
38 years$3,105$2,009$1,260$770$462$329
39 years$2,992$1,910$1,180$710$419$295
40 years$2,885$1,817$1,106$655$380$265
41 years$2,783$1,730$1,037$604$345$238
42 years$2,686$1,647$973$558$313$213
43 years$2,594$1,570$913$515$284$191
44 years$2,507$1,496$857$475$258$172
45 years$2,424$1,427$805$439$234$154
46 years$2,344$1,361$756$406$212$138
47 years$2,268$1,299$710$375$193$124
48 years$2,196$1,240$667$346$175$112
49 years$2,126$1,184$627$320$159$100
50 years$2,060$1,131$590$296$145$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,110,000, adding $6,719 every year, while hoping to spend $42,815 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: 26/48/26 Blend
57$2,110,000$2,110,000$2,110,000$2,110,000
58$2,332,151$2,220,321$2,187,616$2,373,611
59$2,524,475$2,283,562$2,215,346$2,471,093
60$2,734,982$2,348,466$2,242,570$2,571,488
61$2,965,480$2,415,071$2,269,226$2,678,317
62$3,217,962$2,483,413$2,295,249$2,792,152
63$3,494,623$2,553,528$2,320,568$2,913,621
64$3,797,878$2,625,455$2,345,111$3,043,417
65$4,130,390$2,699,230$2,368,800$3,182,300
66$4,495,089$2,774,892$2,391,554$3,331,107
67$4,895,205$2,852,479$2,413,288$3,490,759
68$5,334,293$2,932,028$2,433,911$3,662,271
69$5,816,272$3,013,578$2,453,328$3,846,758
70$6,345,456$3,097,167$2,471,438$4,045,450
71$6,926,598$3,182,834$2,488,137$4,259,700
72$7,564,934$3,270,616$2,503,313$4,490,996
73$8,266,233$3,360,553$2,516,850$4,740,981
74$9,036,850$3,452,680$2,528,625$5,011,461
75$9,883,785$3,547,038$2,538,510$5,304,425
76$10,814,749$3,643,661$2,546,369$5,622,068
77$11,838,242$3,742,588$2,552,060$5,966,802
78$12,963,622$3,843,855$2,555,434$6,341,290
79$14,201,204$3,947,497$2,556,334$6,748,462
80$15,562,352$4,053,549$2,554,596$7,191,547
81$17,059,584$4,162,045$2,550,047$7,674,103
82$18,706,696$4,273,019$2,542,507$8,200,052
83$20,518,883$4,386,502$2,531,786$8,773,712
84$22,512,894$4,502,525$2,517,685$9,399,844
85$24,707,178$4,621,117$2,499,996$10,083,694
86$27,122,064$4,742,306$2,478,500$10,831,041
87$29,779,954$4,866,119$2,452,969$11,648,256
88$32,705,529$4,992,578$2,423,164$12,542,358
89$35,925,985$5,121,706$2,388,832$13,521,084
90$39,471,289$5,253,524$2,349,711$14,592,959
91$43,374,461$5,388,047$2,305,527$15,767,378
92$47,671,885$5,525,290$2,255,992$17,054,698
93$52,403,654$5,665,266$2,200,803$18,466,330
94$57,613,943$5,807,981$2,139,647$20,014,850
95$63,351,433$5,953,440$2,072,193$21,714,122
96$69,669,765$6,101,644$1,998,097$23,579,421
97$76,628,046$6,252,589$1,916,998$25,627,585
98$84,291,408$6,406,267$1,828,519$27,877,170
99$92,731,623$6,562,666$1,732,266$30,348,629
100$102,027,779$6,721,767$1,627,827$33,064,502