Can I retire at age 58 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$187,454$185,785$184,156$182,566$181,013$175,219
2 years$92,799$91,071$89,396$87,772$86,197$80,412
3 years$61,252$59,516$57,845$56,236$54,687$49,094
4 years$45,481$43,750$42,096$40,515$39,003$33,645
5 years$36,021$34,301$32,669$31,119$29,649$24,540
6 years$29,716$28,009$26,401$24,887$23,461$18,604
7 years$25,215$23,522$21,939$20,461$19,080$14,476
8 years$21,840$20,163$18,606$17,164$15,829$11,474
9 years$19,217$17,555$16,026$14,620$13,330$9,220
10 years$17,120$15,474$13,972$12,602$11,358$7,486
11 years$15,405$13,776$12,300$10,968$9,768$6,127
12 years$13,977$12,364$10,916$9,620$8,465$5,047
13 years$12,769$11,174$9,753$8,493$7,381$4,179
14 years$11,735$10,157$8,763$7,539$6,471$3,474
15 years$10,840$9,278$7,912$6,724$5,697$2,898
16 years$10,057$8,513$7,173$6,020$5,035$2,424
17 years$9,367$7,840$6,527$5,409$4,465$2,032
18 years$8,755$7,244$5,959$4,875$3,970$1,707
19 years$8,207$6,714$5,455$4,405$3,538$1,436
20 years$7,715$6,239$5,006$3,989$3,160$1,209
21 years$7,270$5,811$4,605$3,621$2,828$1,020
22 years$6,867$5,425$4,244$3,292$2,535$861
23 years$6,499$5,074$3,919$2,998$2,276$727
24 years$6,162$4,754$3,624$2,734$2,045$615
25 years$5,852$4,461$3,357$2,497$1,841$520
26 years$5,567$4,193$3,113$2,283$1,658$440
27 years$5,304$3,946$2,891$2,090$1,495$372
28 years$5,059$3,718$2,687$1,915$1,349$315
29 years$4,832$3,508$2,501$1,756$1,218$267
30 years$4,621$3,313$2,329$1,612$1,100$226
31 years$4,423$3,131$2,172$1,480$995$191
32 years$4,238$2,963$2,026$1,360$900$162
33 years$4,065$2,806$1,892$1,251$814$138
34 years$3,903$2,659$1,768$1,151$737$117
35 years$3,750$2,522$1,653$1,059$668$99
36 years$3,605$2,394$1,546$976$605$84
37 years$3,469$2,274$1,447$899$548$71
38 years$3,341$2,161$1,355$829$497$60
39 years$3,219$2,055$1,270$764$451$51
40 years$3,103$1,955$1,190$705$409$43
41 years$2,994$1,861$1,116$650$371$37
42 years$2,890$1,772$1,047$600$337$31
43 years$2,791$1,689$982$554$306$26
44 years$2,697$1,610$922$511$277$22
45 years$2,607$1,535$866$472$252$19
46 years$2,522$1,464$813$436$229$16
47 years$2,440$1,397$764$403$208$14
48 years$2,362$1,334$718$372$189$12
49 years$2,288$1,274$675$344$171$10
50 years$2,216$1,217$634$318$156$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,270,000, adding $4,821 every year, while hoping to spend $42,574 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: 65/19/16 Blend
57$2,270,000$2,270,000$2,270,000$2,270,000
58$2,506,513$2,386,203$2,351,018$2,659,371
59$2,716,879$2,457,828$2,384,479$2,833,935
60$2,947,275$2,531,537$2,417,633$3,019,257
61$3,199,700$2,607,385$2,450,427$3,220,728
62$3,476,354$2,685,431$2,482,801$3,439,927
63$3,779,661$2,765,736$2,514,693$3,678,592
64$4,112,289$2,848,360$2,546,039$3,938,636
65$4,477,180$2,933,367$2,576,768$4,222,166
66$4,877,571$3,020,820$2,606,808$4,531,502
67$5,317,028$3,110,786$2,636,081$4,869,201
68$5,799,482$3,203,331$2,664,507$5,238,076
69$6,329,259$3,298,525$2,691,998$5,641,227
70$6,911,128$3,396,437$2,718,465$6,082,069
71$7,550,341$3,497,140$2,743,811$6,564,362
72$8,252,683$3,600,707$2,767,936$7,092,249
73$9,024,528$3,707,213$2,790,733$7,670,292
74$9,872,899$3,816,736$2,812,092$8,303,519
75$10,805,532$3,929,353$2,831,894$8,997,468
76$11,830,949$4,045,145$2,850,016$9,758,240
77$12,958,542$4,164,192$2,866,327$10,592,555
78$14,198,655$4,286,580$2,880,691$11,507,818
79$15,562,688$4,412,392$2,892,964$12,512,188
80$17,063,199$4,541,716$2,902,995$13,614,653
81$18,714,025$4,674,640$2,910,625$14,825,116
82$20,530,412$4,811,254$2,915,688$16,154,488
83$22,529,159$4,951,650$2,918,008$17,614,793
84$24,728,774$5,095,922$2,917,402$19,219,275
85$27,149,652$5,244,165$2,913,678$20,982,531
86$29,814,263$5,396,476$2,906,633$22,920,643
87$32,747,369$5,552,954$2,896,056$25,051,332
88$35,976,250$5,713,698$2,881,724$27,394,123
89$39,530,970$5,878,812$2,863,404$29,970,532
90$43,444,653$6,048,398$2,840,852$32,804,268
91$47,753,800$6,222,562$2,813,813$35,921,453
92$52,498,631$6,401,410$2,782,019$39,350,876
93$57,723,463$6,585,051$2,745,188$43,124,256
94$63,477,132$6,773,595$2,703,028$47,276,548
95$69,813,451$6,967,152$2,655,231$51,846,269
96$76,791,716$7,165,836$2,601,474$56,875,864
97$84,477,269$7,369,760$2,541,422$62,412,103
98$92,942,112$7,579,039$2,474,720$68,506,527
99$102,265,585$7,793,790$2,401,002$75,215,931
100$112,535,120$8,014,131$2,319,880$82,602,899