Can I retire at age 58 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$180,022$178,419$176,854$175,327$173,836$172,308
2 years$89,120$87,460$85,852$84,292$82,779$81,239
3 years$58,823$57,156$55,552$54,007$52,519$51,014
4 years$43,678$42,016$40,427$38,909$37,457$36,000
5 years$34,593$32,941$31,373$29,886$28,474$27,069
6 years$28,538$26,899$25,354$23,900$22,530$21,179
7 years$24,215$22,590$21,070$19,649$18,323$17,026
8 years$20,974$19,363$17,869$16,483$15,201$13,958
9 years$18,455$16,859$15,390$14,040$12,801$11,612
10 years$16,441$14,861$13,418$12,103$10,907$9,771
11 years$14,794$13,230$11,813$10,533$9,381$8,297
12 years$13,422$11,874$10,483$9,239$8,129$7,097
13 years$12,263$10,731$9,366$8,157$7,089$6,106
14 years$11,270$9,754$8,416$7,240$6,214$5,280
15 years$10,410$8,910$7,598$6,457$5,471$4,585
16 years$9,658$8,175$6,889$5,782$4,836$3,995
17 years$8,996$7,529$6,269$5,195$4,288$3,492
18 years$8,407$6,957$5,722$4,682$3,812$3,060
19 years$7,882$6,448$5,239$4,230$3,398$2,687
20 years$7,409$5,992$4,808$3,831$3,035$2,364
21 years$6,982$5,581$4,422$3,477$2,716$2,083
22 years$6,594$5,210$4,076$3,162$2,435$1,839
23 years$6,241$4,872$3,763$2,879$2,185$1,625
24 years$5,918$4,565$3,480$2,626$1,964$1,437
25 years$5,620$4,284$3,223$2,398$1,768$1,273
26 years$5,347$4,026$2,990$2,193$1,592$1,128
27 years$5,093$3,789$2,776$2,007$1,435$1,000
28 years$4,859$3,571$2,581$1,839$1,295$888
29 years$4,641$3,369$2,402$1,686$1,170$788
30 years$4,438$3,181$2,237$1,548$1,057$700
31 years$4,248$3,007$2,086$1,421$955$622
32 years$4,070$2,846$1,946$1,306$864$553
33 years$3,904$2,695$1,817$1,201$782$492
34 years$3,748$2,554$1,698$1,105$708$438
35 years$3,601$2,422$1,587$1,017$641$390
36 years$3,462$2,299$1,485$937$581$347
37 years$3,332$2,184$1,390$863$527$309
38 years$3,208$2,075$1,301$796$478$275
39 years$3,091$1,973$1,219$734$433$245
40 years$2,980$1,878$1,143$677$393$218
41 years$2,875$1,787$1,072$624$356$195
42 years$2,775$1,702$1,005$576$323$173
43 years$2,681$1,622$943$532$293$155
44 years$2,590$1,546$885$491$266$138
45 years$2,504$1,474$831$454$242$123
46 years$2,422$1,406$781$419$220$110
47 years$2,344$1,342$734$387$199$98
48 years$2,269$1,281$689$358$181$87
49 years$2,197$1,223$648$331$164$78
50 years$2,128$1,169$609$306$149$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,180,000, adding $2,294 every year, while hoping to spend $29,297 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: 65/18/17 Blend
57$2,180,000$2,180,000$2,180,000$2,180,000
58$2,404,726$2,289,186$2,255,396$2,550,820
59$2,618,837$2,370,185$2,299,780$2,729,990
60$2,853,804$2,454,170$2,344,669$2,922,121
61$3,111,726$2,541,258$2,390,049$3,131,369
62$3,394,910$2,631,568$2,435,904$3,359,408
63$3,705,902$2,725,226$2,482,218$3,608,080
64$4,047,504$2,822,362$2,528,972$3,879,415
65$4,422,802$2,923,110$2,576,146$4,175,645
66$4,835,198$3,027,613$2,623,716$4,499,230
67$5,288,438$3,136,016$2,671,661$4,852,877
68$5,786,651$3,248,472$2,719,953$5,239,567
69$6,334,383$3,365,141$2,768,566$5,662,583
70$6,936,645$3,486,188$2,817,467$6,125,539
71$7,598,956$3,611,784$2,866,626$6,632,416
72$8,327,398$3,742,111$2,916,007$7,187,599
73$9,128,672$3,877,354$2,965,572$7,795,915
74$10,010,160$4,017,708$3,015,283$8,462,683
75$10,979,997$4,163,375$3,065,095$9,193,760
76$12,047,144$4,314,568$3,114,963$9,995,597
77$13,221,476$4,471,505$3,164,838$10,875,302
78$14,513,874$4,634,417$3,214,667$11,840,701
79$15,936,327$4,803,541$3,264,396$12,900,418
80$17,502,044$4,979,126$3,313,965$14,063,952
81$19,225,581$5,161,432$3,363,312$15,341,767
82$21,122,977$5,350,728$3,412,368$16,745,390
83$23,211,902$5,547,295$3,461,065$18,287,521
84$25,511,831$5,751,428$3,509,325$19,982,150
85$28,044,221$5,963,431$3,557,071$21,844,692
86$30,832,715$6,183,623$3,604,216$23,892,128
87$33,903,367$6,412,335$3,650,673$26,143,167
88$37,284,886$6,649,915$3,696,346$28,618,423
89$41,008,906$6,896,722$3,741,135$31,340,604
90$45,110,286$7,153,133$3,784,934$34,334,735
91$49,627,439$7,419,541$3,827,633$37,628,384
92$54,602,692$7,696,353$3,869,114$41,251,928
93$60,082,689$7,983,996$3,909,251$45,238,835
94$66,118,827$8,282,916$3,947,915$49,625,984
95$72,767,743$8,593,575$3,984,966$54,454,006
96$80,091,851$8,916,457$4,020,260$59,767,674
97$88,159,923$9,252,068$4,053,643$65,616,319
98$97,047,749$9,600,932$4,084,953$72,054,300
99$106,838,841$9,963,600$4,114,020$79,141,511
100$117,625,229$10,340,643$4,140,667$86,943,951