Can I retire at age 58 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$180,848$179,237$177,666$176,132$174,634$170,550
2 years$89,529$87,861$86,245$84,679$83,159$79,068
3 years$59,093$57,418$55,807$54,254$52,759$48,789
4 years$43,878$42,209$40,613$39,087$37,628$33,809
5 years$34,751$33,092$31,517$30,023$28,605$24,947
6 years$28,669$27,022$25,471$24,009$22,634$19,142
7 years$24,326$22,693$21,166$19,739$18,407$15,081
8 years$21,071$19,452$17,951$16,559$15,271$12,109
9 years$18,540$16,937$15,461$14,105$12,860$9,861
10 years$16,516$14,929$13,479$12,158$10,957$8,117
11 years$14,862$13,290$11,867$10,581$9,424$6,739
12 years$13,484$11,929$10,531$9,281$8,166$5,632
13 years$12,319$10,780$9,409$8,194$7,121$4,733
14 years$11,321$9,799$8,454$7,274$6,242$3,995
15 years$10,458$8,951$7,633$6,487$5,496$3,384
16 years$9,703$8,213$6,920$5,808$4,858$2,876
17 years$9,037$7,564$6,297$5,219$4,307$2,450
18 years$8,446$6,989$5,749$4,703$3,830$2,091
19 years$7,918$6,477$5,263$4,250$3,414$1,789
20 years$7,443$6,019$4,830$3,849$3,049$1,532
21 years$7,014$5,607$4,442$3,493$2,729$1,314
22 years$6,625$5,234$4,094$3,176$2,446$1,128
23 years$6,270$4,895$3,780$2,892$2,195$969
24 years$5,945$4,586$3,496$2,638$1,973$834
25 years$5,646$4,304$3,238$2,409$1,776$718
26 years$5,371$4,045$3,003$2,203$1,599$618
27 years$5,117$3,807$2,789$2,016$1,442$532
28 years$4,881$3,587$2,593$1,847$1,301$459
29 years$4,662$3,384$2,413$1,694$1,175$396
30 years$4,458$3,196$2,247$1,555$1,062$341
31 years$4,267$3,021$2,095$1,428$960$295
32 years$4,089$2,859$1,955$1,312$868$254
33 years$3,922$2,707$1,825$1,207$786$219
34 years$3,765$2,566$1,705$1,110$711$189
35 years$3,617$2,434$1,594$1,022$644$164
36 years$3,478$2,310$1,491$941$584$141
37 years$3,347$2,194$1,396$867$529$122
38 years$3,223$2,085$1,307$799$480$105
39 years$3,105$1,983$1,225$737$435$91
40 years$2,994$1,886$1,148$680$395$79
41 years$2,888$1,795$1,076$627$358$68
42 years$2,788$1,710$1,010$579$325$59
43 years$2,693$1,629$948$534$295$51
44 years$2,602$1,553$889$493$268$44
45 years$2,516$1,481$835$456$243$38
46 years$2,433$1,413$784$421$221$33
47 years$2,354$1,348$737$389$200$28
48 years$2,279$1,287$692$359$182$24
49 years$2,207$1,229$651$332$165$21
50 years$2,138$1,174$612$307$150$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,190,000, adding $4,388 every year, while hoping to spend $55,235 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: 44/29/27 Blend
57$2,190,000$2,190,000$2,190,000$2,190,000
58$2,417,906$2,301,836$2,267,891$2,505,171
59$2,605,763$2,355,857$2,285,096$2,621,806
60$2,810,930$2,410,673$2,301,026$2,742,535
61$3,035,114$2,466,265$2,315,580$2,872,340
62$3,280,196$2,522,612$2,328,652$3,012,099
63$3,548,244$2,579,688$2,340,130$3,162,774
64$3,841,537$2,637,465$2,349,896$3,325,431
65$4,162,585$2,695,912$2,357,828$3,501,241
66$4,514,149$2,754,992$2,363,796$3,691,498
67$4,899,273$2,814,667$2,367,664$3,897,626
68$5,321,307$2,874,894$2,369,289$4,121,199
69$5,783,941$2,935,625$2,368,521$4,363,948
70$6,291,239$2,996,807$2,365,203$4,627,785
71$6,847,678$3,058,383$2,359,170$4,914,817
72$7,458,188$3,120,290$2,350,248$5,227,367
73$8,128,199$3,182,460$2,338,258$5,567,998
74$8,863,694$3,244,819$2,323,007$5,939,534
75$9,671,261$3,307,286$2,304,299$6,345,090
76$10,558,159$3,369,772$2,281,922$6,788,102
77$11,532,385$3,432,184$2,255,660$7,272,356
78$12,602,746$3,494,419$2,225,283$7,802,029
79$13,778,947$3,556,367$2,190,550$8,381,726
80$15,071,678$3,617,907$2,151,212$9,016,524
81$16,492,717$3,678,913$2,107,006$9,712,022
82$18,055,040$3,739,244$2,057,656$10,474,393
83$19,772,941$3,798,755$2,002,874$11,310,444
84$21,662,171$3,857,284$1,942,361$12,227,679
85$23,740,083$3,914,662$1,875,801$13,234,372
86$26,025,796$3,970,704$1,802,864$14,339,647
87$28,540,375$4,025,216$1,723,208$15,553,563
88$31,307,028$4,077,987$1,636,471$16,887,209
89$34,351,330$4,128,794$1,542,278$18,352,811
90$37,701,457$4,177,396$1,440,235$19,963,851
91$41,388,455$4,223,538$1,329,932$21,735,190
92$45,446,532$4,266,946$1,210,940$23,683,212
93$49,913,382$4,307,329$1,082,809$25,825,980
94$54,830,536$4,344,378$945,073$28,183,408
95$60,243,759$4,377,760$797,241$30,777,448
96$66,203,476$4,407,125$638,802$33,632,302
97$72,765,253$4,432,095$469,224$36,774,650
98$79,990,314$4,452,274$287,949$40,233,903
99$87,946,127$4,467,236$94,396$44,042,482
100$96,707,032$4,476,531$0$48,236,128