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%12.8%
1 years$185,803$184,148$182,533$180,957$179,418$177,323
2 years$91,982$90,269$88,608$86,999$85,437$83,329
3 years$60,712$58,991$57,335$55,741$54,205$52,148
4 years$45,080$43,365$41,726$40,158$38,659$36,670
5 years$35,704$33,999$32,381$30,845$29,388$27,472
6 years$29,455$27,762$26,168$24,667$23,254$21,414
7 years$24,993$23,315$21,746$20,280$18,912$17,148
8 years$21,648$19,985$18,442$17,013$15,689$14,002
9 years$19,048$17,401$15,884$14,491$13,212$11,601
10 years$16,969$15,338$13,848$12,491$11,258$9,721
11 years$15,269$13,654$12,192$10,871$9,682$8,218
12 years$13,853$12,255$10,820$9,536$8,390$6,998
13 years$12,657$11,075$9,667$8,418$7,316$5,994
14 years$11,632$10,067$8,686$7,473$6,414$5,159
15 years$10,744$9,197$7,842$6,665$5,647$4,459
16 years$9,968$8,438$7,110$5,967$4,991$3,867
17 years$9,285$7,771$6,470$5,362$4,425$3,363
18 years$8,677$7,181$5,906$4,832$3,935$2,932
19 years$8,135$6,655$5,407$4,366$3,507$2,562
20 years$7,647$6,184$4,962$3,954$3,133$2,242
21 years$7,206$5,760$4,564$3,589$2,803$1,966
22 years$6,806$5,377$4,207$3,263$2,513$1,726
23 years$6,441$5,029$3,884$2,972$2,256$1,517
24 years$6,108$4,712$3,592$2,710$2,027$1,335
25 years$5,801$4,422$3,327$2,475$1,824$1,175
26 years$5,518$4,156$3,086$2,263$1,643$1,036
27 years$5,257$3,911$2,865$2,072$1,482$914
28 years$5,015$3,685$2,664$1,898$1,337$806
29 years$4,790$3,477$2,479$1,741$1,207$712
30 years$4,580$3,283$2,309$1,597$1,091$629
31 years$4,384$3,104$2,152$1,467$986$556
32 years$4,201$2,937$2,008$1,348$892$491
33 years$4,029$2,781$1,875$1,240$807$435
34 years$3,868$2,636$1,752$1,141$731$384
35 years$3,716$2,500$1,638$1,050$662$340
36 years$3,574$2,373$1,532$967$600$301
37 years$3,439$2,254$1,434$891$544$266
38 years$3,311$2,142$1,343$821$493$236
39 years$3,190$2,037$1,258$757$447$209
40 years$3,076$1,938$1,179$699$405$185
41 years$2,968$1,845$1,106$644$368$164
42 years$2,865$1,757$1,037$595$334$145
43 years$2,767$1,674$973$549$303$129
44 years$2,673$1,596$914$507$275$114
45 years$2,584$1,522$858$468$250$101
46 years$2,500$1,451$806$432$227$89
47 years$2,419$1,385$757$400$206$79
48 years$2,341$1,322$711$369$187$70
49 years$2,268$1,263$669$341$170$62
50 years$2,197$1,206$629$315$154$55

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 $4,759 every year, while hoping to spend $23,862 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: 50/27/23 Blend
57$2,250,000$2,250,000$2,250,000$2,250,000
58$2,484,409$2,365,159$2,330,284$2,592,360
59$2,712,430$2,455,663$2,382,959$2,758,334
60$2,962,909$2,549,801$2,436,600$2,935,819
61$3,238,112$2,647,728$2,491,212$3,128,232
62$3,540,535$2,749,602$2,546,803$3,336,997
63$3,872,927$2,855,590$2,603,379$3,563,675
64$4,238,317$2,965,866$2,660,944$3,809,988
65$4,640,044$3,080,612$2,719,504$4,077,826
66$5,081,784$3,200,017$2,779,063$4,369,270
67$5,567,587$3,324,280$2,839,623$4,686,609
68$6,101,917$3,453,606$2,901,186$5,032,362
69$6,689,692$3,588,211$2,963,755$5,409,299
70$7,336,329$3,728,322$3,027,330$5,820,471
71$8,047,799$3,874,174$3,091,909$6,269,231
72$8,830,677$4,026,012$3,157,491$6,759,275
73$9,692,213$4,184,093$3,224,074$7,294,668
74$10,640,391$4,348,685$3,291,652$7,879,884
75$11,684,009$4,520,069$3,360,221$8,519,849
76$12,832,762$4,698,537$3,429,773$9,219,987
77$14,097,334$4,884,395$3,500,300$9,986,269
78$15,489,494$5,077,963$3,571,792$10,825,268
79$17,022,213$5,279,574$3,644,238$11,744,223
80$18,709,782$5,489,576$3,717,623$12,751,103
81$20,567,949$5,708,335$3,791,933$13,854,686
82$22,614,067$5,936,230$3,867,150$15,064,637
83$24,867,257$6,173,661$3,943,254$16,391,600
84$27,348,589$6,421,041$4,020,225$17,847,297
85$30,081,280$6,678,807$4,098,037$19,444,638
86$33,090,914$6,947,413$4,176,665$21,197,843
87$36,405,683$7,227,332$4,256,080$23,122,572
88$40,056,653$7,519,061$4,336,248$25,236,077
89$44,078,056$7,823,120$4,417,137$27,557,357
90$48,507,614$8,140,049$4,498,707$30,107,343
91$53,386,896$8,470,416$4,580,919$32,909,090
92$58,761,706$8,814,813$4,663,727$35,987,993
93$64,682,522$9,173,861$4,747,083$39,372,030
94$71,204,965$9,548,206$4,830,936$43,092,019
95$78,390,329$9,938,526$4,915,231$47,181,913
96$86,306,158$10,345,529$4,999,906$51,679,113
97$95,026,882$10,769,956$5,084,899$56,624,827
98$104,634,521$11,212,580$5,170,140$62,064,450
99$115,219,458$11,674,213$5,255,556$68,047,995
100$126,881,293$12,155,700$5,341,068$74,630,564