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%16.9%
1 years$185,803$184,148$182,533$180,957$179,418$174,374
2 years$91,982$90,269$88,608$86,999$85,437$80,394
3 years$60,712$58,991$57,335$55,741$54,205$49,320
4 years$45,080$43,365$41,726$40,158$38,659$33,971
5 years$35,704$33,999$32,381$30,845$29,388$24,909
6 years$29,455$27,762$26,168$24,667$23,254$18,987
7 years$24,993$23,315$21,746$20,280$18,912$14,858
8 years$21,648$19,985$18,442$17,013$15,689$11,847
9 years$19,048$17,401$15,884$14,491$13,212$9,578
10 years$16,969$15,338$13,848$12,491$11,258$7,825
11 years$15,269$13,654$12,192$10,871$9,682$6,447
12 years$13,853$12,255$10,820$9,536$8,390$5,346
13 years$12,657$11,075$9,667$8,418$7,316$4,456
14 years$11,632$10,067$8,686$7,473$6,414$3,730
15 years$10,744$9,197$7,842$6,665$5,647$3,134
16 years$9,968$8,438$7,110$5,967$4,991$2,640
17 years$9,285$7,771$6,470$5,362$4,425$2,229
18 years$8,677$7,181$5,906$4,832$3,935$1,886
19 years$8,135$6,655$5,407$4,366$3,507$1,599
20 years$7,647$6,184$4,962$3,954$3,133$1,357
21 years$7,206$5,760$4,564$3,589$2,803$1,153
22 years$6,806$5,377$4,207$3,263$2,513$981
23 years$6,441$5,029$3,884$2,972$2,256$835
24 years$6,108$4,712$3,592$2,710$2,027$712
25 years$5,801$4,422$3,327$2,475$1,824$607
26 years$5,518$4,156$3,086$2,263$1,643$517
27 years$5,257$3,911$2,865$2,072$1,482$441
28 years$5,015$3,685$2,664$1,898$1,337$377
29 years$4,790$3,477$2,479$1,741$1,207$322
30 years$4,580$3,283$2,309$1,597$1,091$275
31 years$4,384$3,104$2,152$1,467$986$235
32 years$4,201$2,937$2,008$1,348$892$201
33 years$4,029$2,781$1,875$1,240$807$171
34 years$3,868$2,636$1,752$1,141$731$146
35 years$3,716$2,500$1,638$1,050$662$125
36 years$3,574$2,373$1,532$967$600$107
37 years$3,439$2,254$1,434$891$544$92
38 years$3,311$2,142$1,343$821$493$78
39 years$3,190$2,037$1,258$757$447$67
40 years$3,076$1,938$1,179$699$405$57
41 years$2,968$1,845$1,106$644$368$49
42 years$2,865$1,757$1,037$595$334$42
43 years$2,767$1,674$973$549$303$36
44 years$2,673$1,596$914$507$275$31
45 years$2,584$1,522$858$468$250$26
46 years$2,500$1,451$806$432$227$22
47 years$2,419$1,385$757$400$206$19
48 years$2,341$1,322$711$369$187$16
49 years$2,268$1,263$669$341$170$14
50 years$2,197$1,206$629$315$154$12

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 $6,883 every year, while hoping to spend $50,565 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: 24/48/28 Blend
57$2,250,000$2,250,000$2,250,000$2,250,000
58$2,486,600$2,367,350$2,332,475$2,524,228
59$2,686,432$2,429,549$2,356,812$2,618,936
60$2,904,953$2,493,102$2,380,270$2,715,615
61$3,144,014$2,558,020$2,402,765$2,818,140
62$3,405,657$2,624,316$2,424,211$2,927,030
63$3,692,127$2,692,001$2,444,515$3,042,859
64$4,005,899$2,761,084$2,463,581$3,166,257
65$4,349,696$2,831,572$2,481,307$3,297,920
66$4,726,520$2,903,474$2,497,585$3,438,614
67$5,139,674$2,976,793$2,512,303$3,589,182
68$5,592,797$3,051,532$2,525,342$3,750,555
69$6,089,899$3,127,694$2,536,577$3,923,757
70$6,635,394$3,205,276$2,545,878$4,109,918
71$7,234,146$3,284,276$2,553,106$4,310,283
72$7,891,511$3,364,689$2,558,118$4,526,223
73$8,613,392$3,446,505$2,560,762$4,759,253
74$9,406,288$3,529,714$2,560,878$5,011,039
75$10,277,362$3,614,302$2,558,299$5,283,421
76$11,234,501$3,700,251$2,552,850$5,578,425
77$12,286,397$3,787,540$2,544,347$5,898,287
78$13,442,624$3,876,145$2,532,598$6,245,470
79$14,713,732$3,966,036$2,517,400$6,622,692
80$16,111,342$4,057,181$2,498,542$7,032,948
81$17,648,257$4,149,541$2,475,802$7,479,543
82$19,338,584$4,243,074$2,448,946$7,966,117
83$21,197,867$4,337,731$2,417,733$8,496,688
84$23,243,229$4,433,460$2,381,907$9,075,684
85$25,493,538$4,530,199$2,341,200$9,707,987
86$27,969,582$4,627,882$2,295,334$10,398,982
87$30,694,268$4,726,437$2,244,016$11,154,606
88$33,692,833$4,825,782$2,186,941$11,981,404
89$36,993,086$4,925,830$2,123,787$12,886,594
90$40,625,668$5,026,482$2,054,221$13,878,135
91$44,624,340$5,127,634$1,977,892$14,964,803
92$49,026,306$5,229,170$1,894,433$16,156,271
93$53,872,555$5,330,966$1,803,463$17,463,209
94$59,208,257$5,432,885$1,704,580$18,897,378
95$65,083,183$5,534,780$1,597,368$20,471,747
96$71,552,175$5,636,492$1,481,387$22,200,615
97$78,675,666$5,737,848$1,356,182$24,099,745
98$86,520,245$5,838,665$1,221,276$26,186,519
99$95,159,291$5,938,740$1,076,169$28,480,099
100$104,673,660$6,037,859$920,342$31,001,611