Can I retire at age 58 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$176,719$175,145$173,609$172,110$170,647$168,444
2 years$87,485$85,855$84,276$82,745$81,260$79,045
3 years$57,744$56,107$54,532$53,016$51,555$49,395
4 years$42,876$41,245$39,686$38,195$36,769$34,682
5 years$33,958$32,337$30,798$29,337$27,951$25,942
6 years$28,015$26,405$24,889$23,461$22,117$20,188
7 years$23,771$22,175$20,683$19,289$17,987$16,140
8 years$20,590$19,008$17,541$16,181$14,922$13,156
9 years$18,116$16,550$15,108$13,783$12,567$10,880
10 years$16,139$14,588$13,171$11,881$10,707$9,100
11 years$14,522$12,987$11,596$10,340$9,209$7,680
12 years$13,176$11,656$10,291$9,069$7,980$6,527
13 years$12,038$10,534$9,194$8,007$6,959$5,580
14 years$11,063$9,575$8,261$7,108$6,100$4,793
15 years$10,219$8,747$7,459$6,339$5,371$4,134
16 years$9,481$8,025$6,762$5,676$4,747$3,577
17 years$8,831$7,391$6,154$5,100$4,209$3,105
18 years$8,253$6,829$5,617$4,596$3,742$2,701
19 years$7,737$6,330$5,142$4,153$3,336$2,355
20 years$7,273$5,882$4,719$3,761$2,979$2,057
21 years$6,854$5,479$4,341$3,413$2,666$1,799
22 years$6,473$5,114$4,001$3,104$2,390$1,576
23 years$6,127$4,783$3,694$2,826$2,145$1,382
24 years$5,809$4,481$3,416$2,578$1,928$1,213
25 years$5,517$4,206$3,164$2,354$1,735$1,066
26 years$5,248$3,953$2,935$2,153$1,563$937
27 years$5,000$3,720$2,725$1,970$1,409$824
28 years$4,770$3,505$2,533$1,805$1,271$726
29 years$4,556$3,307$2,358$1,655$1,148$639
30 years$4,356$3,123$2,196$1,519$1,037$563
31 years$4,170$2,952$2,047$1,395$938$497
32 years$3,996$2,793$1,910$1,282$848$438
33 years$3,832$2,645$1,783$1,179$768$386
34 years$3,679$2,507$1,666$1,085$695$341
35 years$3,535$2,378$1,558$999$630$301
36 years$3,399$2,257$1,457$920$570$266
37 years$3,271$2,144$1,364$848$517$235
38 years$3,149$2,037$1,277$781$469$207
39 years$3,034$1,937$1,197$720$425$183
40 years$2,926$1,843$1,122$664$386$162
41 years$2,823$1,754$1,052$613$350$143
42 years$2,725$1,671$987$566$317$126
43 years$2,631$1,592$926$522$288$111
44 years$2,543$1,518$869$482$261$98
45 years$2,458$1,447$816$445$237$87
46 years$2,377$1,381$766$411$216$77
47 years$2,301$1,317$720$380$196$68
48 years$2,227$1,258$677$351$178$60
49 years$2,157$1,201$636$325$161$53
50 years$2,089$1,147$598$300$147$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,140,000, adding $4,844 every year, while hoping to spend $33,964 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: 61/26/13 Blend
57$2,140,000$2,140,000$2,140,000$2,140,000
58$2,363,277$2,249,857$2,216,687$2,499,694
59$2,568,193$2,323,962$2,254,808$2,666,039
60$2,792,873$2,400,561$2,293,068$2,843,196
61$3,039,296$2,479,738$2,331,436$3,035,689
62$3,309,644$2,561,584$2,369,878$3,245,006
63$3,606,317$2,646,191$2,408,359$3,472,780
64$3,931,962$2,733,655$2,446,840$3,720,813
65$4,289,494$2,824,076$2,485,280$3,991,084
66$4,682,122$2,917,556$2,523,638$4,285,775
67$5,113,385$3,014,203$2,561,866$4,607,286
68$5,587,178$3,114,126$2,599,915$4,958,260
69$6,107,792$3,217,441$2,637,735$5,341,606
70$6,679,957$3,324,265$2,675,269$5,760,528
71$7,308,882$3,434,723$2,712,460$6,218,554
72$8,000,305$3,548,942$2,749,245$6,719,568
73$8,760,550$3,667,054$2,785,558$7,267,848
74$9,596,583$3,789,196$2,821,331$7,868,104
75$10,516,078$3,915,511$2,856,489$8,525,526
76$11,527,492$4,046,145$2,890,956$9,245,827
77$12,640,142$4,181,252$2,924,649$10,035,301
78$13,864,293$4,320,989$2,957,481$10,900,881
79$15,211,255$4,465,522$2,989,361$11,850,201
80$16,693,490$4,615,020$3,020,192$12,891,674
81$18,324,731$4,769,661$3,049,872$14,034,564
82$20,120,105$4,929,626$3,078,295$15,289,077
83$22,096,285$5,095,107$3,105,347$16,666,457
84$24,271,639$5,266,300$3,130,909$18,179,089
85$26,666,407$5,443,410$3,154,856$19,840,618
86$29,302,892$5,626,648$3,177,055$21,666,077
87$32,205,669$5,816,236$3,197,368$23,672,028
88$35,401,816$6,012,400$3,215,649$25,876,715
89$38,921,172$6,215,378$3,231,743$28,300,241
90$42,796,616$6,425,416$3,245,491$30,964,754
91$47,064,378$6,642,769$3,256,722$33,894,655
92$51,764,381$6,867,701$3,265,259$37,116,829
93$56,940,616$7,100,486$3,270,913$40,660,899
94$62,641,560$7,341,411$3,273,490$44,559,502
95$68,920,629$7,590,770$3,272,782$48,848,601
96$75,836,687$7,848,872$3,268,574$53,567,818
97$83,454,597$8,116,034$3,260,639$58,760,813
98$91,845,834$8,392,588$3,248,738$64,475,693
99$101,089,162$8,678,878$3,232,624$70,765,463
100$111,271,373$8,975,260$3,212,034$77,688,530