Can I retire at age 58 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$185,803$184,148$182,533$180,957$179,418$173,954
2 years$91,982$90,269$88,608$86,999$85,437$79,979
3 years$60,712$58,991$57,335$55,741$54,205$48,923
4 years$45,080$43,365$41,726$40,158$38,659$33,596
5 years$35,704$33,999$32,381$30,845$29,388$24,556
6 years$29,455$27,762$26,168$24,667$23,254$18,657
7 years$24,993$23,315$21,746$20,280$18,912$14,550
8 years$21,648$19,985$18,442$17,013$15,689$11,560
9 years$19,048$17,401$15,884$14,491$13,212$9,312
10 years$16,969$15,338$13,848$12,491$11,258$7,580
11 years$15,269$13,654$12,192$10,871$9,682$6,220
12 years$13,853$12,255$10,820$9,536$8,390$5,137
13 years$12,657$11,075$9,667$8,418$7,316$4,265
14 years$11,632$10,067$8,686$7,473$6,414$3,556
15 years$10,744$9,197$7,842$6,665$5,647$2,974
16 years$9,968$8,438$7,110$5,967$4,991$2,495
17 years$9,285$7,771$6,470$5,362$4,425$2,098
18 years$8,677$7,181$5,906$4,832$3,935$1,767
19 years$8,135$6,655$5,407$4,366$3,507$1,491
20 years$7,647$6,184$4,962$3,954$3,133$1,260
21 years$7,206$5,760$4,564$3,589$2,803$1,066
22 years$6,806$5,377$4,207$3,263$2,513$902
23 years$6,441$5,029$3,884$2,972$2,256$764
24 years$6,108$4,712$3,592$2,710$2,027$648
25 years$5,801$4,422$3,327$2,475$1,824$550
26 years$5,518$4,156$3,086$2,263$1,643$467
27 years$5,257$3,911$2,865$2,072$1,482$396
28 years$5,015$3,685$2,664$1,898$1,337$337
29 years$4,790$3,477$2,479$1,741$1,207$286
30 years$4,580$3,283$2,309$1,597$1,091$243
31 years$4,384$3,104$2,152$1,467$986$207
32 years$4,201$2,937$2,008$1,348$892$176
33 years$4,029$2,781$1,875$1,240$807$149
34 years$3,868$2,636$1,752$1,141$731$127
35 years$3,716$2,500$1,638$1,050$662$108
36 years$3,574$2,373$1,532$967$600$92
37 years$3,439$2,254$1,434$891$544$78
38 years$3,311$2,142$1,343$821$493$67
39 years$3,190$2,037$1,258$757$447$57
40 years$3,076$1,938$1,179$699$405$48
41 years$2,968$1,845$1,106$644$368$41
42 years$2,865$1,757$1,037$595$334$35
43 years$2,767$1,674$973$549$303$30
44 years$2,673$1,596$914$507$275$25
45 years$2,584$1,522$858$468$250$21
46 years$2,500$1,451$806$432$227$18
47 years$2,419$1,385$757$400$206$16
48 years$2,341$1,322$711$369$187$13
49 years$2,268$1,263$669$341$170$11
50 years$2,197$1,206$629$315$154$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,250,000, adding $5,942 every year, while hoping to spend $46,685 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: 47/29/24 Blend
57$2,250,000$2,250,000$2,250,000$2,250,000
58$2,485,629$2,366,379$2,331,504$2,585,159
59$2,689,491$2,432,659$2,359,937$2,721,879
60$2,912,582$2,500,622$2,387,758$2,865,113
61$3,156,814$2,570,302$2,414,897$3,019,652
62$3,424,293$2,641,731$2,441,280$3,186,581
63$3,717,338$2,714,942$2,466,829$3,367,090
64$4,038,502$2,789,970$2,491,464$3,562,492
65$4,390,597$2,866,847$2,515,096$3,774,233
66$4,776,722$2,945,606$2,537,635$4,003,905
67$5,200,287$3,026,280$2,558,986$4,253,260
68$5,665,050$3,108,902$2,579,046$4,524,231
69$6,175,151$3,193,504$2,597,710$4,818,944
70$6,735,149$3,280,118$2,614,865$5,139,743
71$7,350,065$3,368,775$2,630,394$5,489,209
72$8,025,433$3,459,506$2,644,174$5,870,188
73$8,767,347$3,552,341$2,656,073$6,285,812
74$9,582,520$3,647,310$2,665,956$6,739,534
75$10,478,350$3,744,441$2,673,678$7,235,158
76$11,462,984$3,843,761$2,679,088$7,776,877
77$12,545,400$3,945,297$2,682,029$8,369,307
78$13,735,488$4,049,073$2,682,334$9,017,538
79$15,044,144$4,155,114$2,679,829$9,727,179
80$16,483,374$4,263,442$2,674,330$10,504,408
81$18,066,404$4,374,077$2,665,646$11,356,036
82$19,807,807$4,487,037$2,653,576$12,289,565
83$21,723,641$4,602,339$2,637,908$13,313,266
84$23,831,596$4,719,997$2,618,421$14,436,250
85$26,151,164$4,840,022$2,594,884$15,668,561
86$28,703,825$4,962,425$2,567,054$17,021,265
87$31,513,241$5,087,210$2,534,677$18,506,558
88$34,605,490$5,214,381$2,497,486$20,137,881
89$38,009,301$5,343,938$2,455,204$21,930,046
90$41,756,334$5,475,875$2,407,537$23,899,376
91$45,881,472$5,610,185$2,354,182$26,063,861
92$50,423,153$5,746,854$2,294,817$28,443,327
93$55,423,730$5,885,866$2,229,110$31,059,623
94$60,929,876$6,027,199$2,156,710$33,936,828
95$66,993,015$6,170,824$2,077,252$37,101,479
96$73,669,816$6,316,707$1,990,353$40,582,821
97$81,022,721$6,464,810$1,895,614$44,413,086
98$89,120,538$6,615,085$1,792,617$48,627,794
99$98,039,088$6,767,479$1,680,924$53,266,091
100$107,861,920$6,921,930$1,560,079$58,371,119