Can I retire at age 58 with 2,500,000?

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 $2,500,000?

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$206,448$204,609$202,815$201,063$199,354$192,972
2 years$102,202$100,298$98,454$96,665$94,930$88,560
3 years$67,458$65,546$63,706$61,934$60,228$54,068
4 years$50,089$48,183$46,362$44,620$42,955$37,054
5 years$39,671$37,776$35,979$34,273$32,654$27,026
6 years$32,727$30,847$29,076$27,408$25,838$20,489
7 years$27,770$25,905$24,162$22,534$21,013$15,943
8 years$24,053$22,206$20,492$18,903$17,432$12,637
9 years$21,164$19,334$17,649$16,101$14,680$10,154
10 years$18,854$17,042$15,387$13,879$12,509$8,245
11 years$16,965$15,172$13,547$12,079$10,758$6,748
12 years$15,393$13,617$12,022$10,595$9,322$5,559
13 years$14,063$12,306$10,741$9,354$8,129$4,602
14 years$12,924$11,186$9,651$8,303$7,126$3,826
15 years$11,938$10,218$8,713$7,405$6,274$3,192
16 years$11,076$9,375$7,900$6,630$5,545$2,670
17 years$10,316$8,634$7,189$5,957$4,917$2,238
18 years$9,642$7,978$6,562$5,369$4,372$1,880
19 years$9,039$7,394$6,008$4,851$3,897$1,581
20 years$8,497$6,871$5,513$4,394$3,481$1,332
21 years$8,007$6,400$5,071$3,988$3,115$1,123
22 years$7,562$5,974$4,674$3,626$2,792$948
23 years$7,157$5,588$4,316$3,302$2,506$801
24 years$6,786$5,235$3,991$3,012$2,253$677
25 years$6,445$4,913$3,697$2,750$2,027$572
26 years$6,131$4,617$3,428$2,515$1,826$484
27 years$5,841$4,346$3,184$2,302$1,646$410
28 years$5,572$4,095$2,960$2,109$1,485$347
29 years$5,322$3,863$2,754$1,934$1,341$294
30 years$5,089$3,648$2,565$1,775$1,212$249
31 years$4,871$3,449$2,392$1,630$1,096$211
32 years$4,668$3,263$2,231$1,498$991$179
33 years$4,477$3,090$2,084$1,378$897$151
34 years$4,298$2,929$1,947$1,268$812$128
35 years$4,129$2,778$1,820$1,167$736$109
36 years$3,971$2,637$1,703$1,075$666$92
37 years$3,821$2,504$1,594$990$604$78
38 years$3,679$2,380$1,492$913$548$66
39 years$3,545$2,263$1,398$841$497$56
40 years$3,418$2,153$1,310$776$450$48
41 years$3,297$2,050$1,229$716$409$40
42 years$3,183$1,952$1,153$661$371$34
43 years$3,074$1,860$1,082$610$337$29
44 years$2,970$1,773$1,015$563$305$25
45 years$2,872$1,691$953$520$277$21
46 years$2,777$1,613$895$481$252$18
47 years$2,688$1,539$841$444$229$15
48 years$2,602$1,469$791$410$208$13
49 years$2,519$1,403$743$379$189$11
50 years$2,441$1,340$699$350$171$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,500,000, adding $3,127 every year, while hoping to spend $42,706 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: 75/10/15 Blend
57$2,500,000$2,500,000$2,500,000$2,500,000
58$2,758,226$2,625,726$2,586,976$2,955,879
59$2,994,126$2,708,947$2,628,200$3,170,177
60$3,252,656$2,794,815$2,669,375$3,399,367
61$3,536,081$2,883,415$2,710,452$3,649,407
62$3,846,891$2,974,833$2,751,383$3,922,359
63$4,187,834$3,069,159$2,792,114$4,220,493
64$4,561,932$3,166,487$2,832,589$4,546,309
65$4,972,517$3,266,913$2,872,749$4,902,563
66$5,423,258$3,370,535$2,912,529$5,292,286
67$5,918,195$3,477,457$2,951,864$5,718,819
68$6,461,782$3,587,783$2,990,683$6,185,843
69$7,058,923$3,701,623$3,028,910$6,697,412
70$7,715,020$3,819,090$3,066,465$7,257,989
71$8,436,026$3,940,299$3,103,265$7,872,494
72$9,228,497$4,065,371$3,139,222$8,546,346
73$10,099,659$4,194,429$3,174,241$9,285,513
74$11,057,470$4,327,602$3,208,223$10,096,572
75$12,110,698$4,465,020$3,241,065$10,986,769
76$13,269,005$4,606,822$3,272,656$11,964,085
77$14,543,033$4,753,146$3,302,881$13,037,314
78$15,944,512$4,904,139$3,331,616$14,216,146
79$17,486,361$5,059,951$3,358,734$15,511,256
80$19,182,817$5,220,736$3,384,099$16,934,405
81$21,049,566$5,386,654$3,407,568$18,498,554
82$23,103,892$5,557,870$3,428,991$20,217,981
83$25,364,838$5,734,555$3,448,212$22,108,419
84$27,853,387$5,916,884$3,465,063$24,187,204
85$30,592,661$6,105,039$3,479,371$26,473,438
86$33,608,135$6,299,209$3,490,952$28,988,168
87$36,927,880$6,499,585$3,499,615$31,754,586
88$40,582,829$6,706,370$3,505,156$34,798,246
89$44,607,063$6,919,768$3,507,365$38,147,308
90$49,038,141$7,139,994$3,506,019$41,832,800
91$53,917,445$7,367,267$3,500,884$45,888,913
92$59,290,576$7,601,815$3,491,716$50,353,323
93$65,207,784$7,843,873$3,478,257$55,267,545
94$71,724,438$8,093,683$3,460,239$60,677,326
95$78,901,553$8,351,496$3,437,379$66,633,079
96$86,806,362$8,617,570$3,409,382$73,190,352
97$95,512,952$8,892,172$3,375,938$80,410,360
98$105,102,964$9,175,579$3,336,723$88,360,557
99$115,666,359$9,468,075$3,291,395$97,115,273
100$127,302,271$9,769,954$3,239,601$106,756,420