Can I retire at age 58 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$207,273$205,427$203,626$201,868$200,151$196,673
2 years$102,611$100,700$98,848$97,052$95,310$91,818
3 years$67,728$65,808$63,961$62,182$60,469$57,070
4 years$50,289$48,376$46,547$44,799$43,127$39,849
5 years$39,829$37,927$36,122$34,410$32,784$29,636
6 years$32,858$30,971$29,192$27,518$25,941$22,926
7 years$27,881$26,009$24,259$22,624$21,097$18,216
8 years$24,149$22,295$20,574$18,979$17,502$14,754
9 years$21,249$19,411$17,720$16,166$14,739$12,123
10 years$18,930$17,110$15,449$13,935$12,559$10,072
11 years$17,033$15,232$13,601$12,127$10,801$8,441
12 years$15,454$13,672$12,070$10,637$9,360$7,124
13 years$14,119$12,355$10,784$9,391$8,162$6,046
14 years$12,976$11,230$9,690$8,337$7,155$5,156
15 years$11,986$10,259$8,748$7,435$6,300$4,413
16 years$11,120$9,413$7,932$6,657$5,568$3,790
17 years$10,357$8,669$7,217$5,981$4,937$3,264
18 years$9,680$8,010$6,589$5,390$4,389$2,817
19 years$9,075$7,424$6,032$4,871$3,912$2,436
20 years$8,531$6,899$5,535$4,411$3,495$2,110
21 years$8,039$6,426$5,092$4,003$3,127$1,831
22 years$7,593$5,998$4,693$3,640$2,803$1,590
23 years$7,186$5,610$4,333$3,315$2,516$1,383
24 years$6,813$5,256$4,007$3,024$2,262$1,203
25 years$6,471$4,933$3,711$2,761$2,035$1,048
26 years$6,156$4,636$3,442$2,525$1,833$913
27 years$5,864$4,363$3,196$2,311$1,653$797
28 years$5,594$4,111$2,971$2,117$1,491$695
29 years$5,343$3,878$2,765$1,942$1,347$607
30 years$5,109$3,663$2,576$1,782$1,217$530
31 years$4,891$3,463$2,401$1,637$1,100$463
32 years$4,687$3,276$2,240$1,504$995$405
33 years$4,495$3,103$2,092$1,383$901$354
34 years$4,315$2,941$1,954$1,273$815$309
35 years$4,146$2,789$1,827$1,171$738$270
36 years$3,986$2,647$1,709$1,079$669$236
37 years$3,836$2,514$1,600$994$606$207
38 years$3,694$2,390$1,498$916$550$181
39 years$3,559$2,272$1,404$845$499$158
40 years$3,432$2,162$1,316$779$452$139
41 years$3,311$2,058$1,234$719$410$121
42 years$3,196$1,960$1,157$664$372$106
43 years$3,086$1,867$1,086$612$338$93
44 years$2,982$1,780$1,019$566$307$81
45 years$2,883$1,697$957$522$278$71
46 years$2,789$1,619$899$482$253$62
47 years$2,698$1,545$845$446$230$55
48 years$2,612$1,475$794$412$208$48
49 years$2,530$1,409$746$381$189$42
50 years$2,451$1,346$701$352$172$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,510,000, adding $4,619 every year, while hoping to spend $33,289 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: 57/19/24 Blend
57$2,510,000$2,510,000$2,510,000$2,510,000
58$2,770,784$2,637,754$2,598,849$2,910,430
59$3,017,985$2,731,585$2,650,492$3,100,251
60$3,289,285$2,828,898$2,702,748$3,303,107
61$3,587,106$2,929,828$2,755,605$3,523,494
62$3,914,118$3,034,517$2,809,044$3,763,114
63$4,273,261$3,143,111$2,863,050$4,023,837
64$4,667,773$3,255,763$2,917,602$4,307,725
65$5,101,222$3,372,632$2,972,678$4,617,045
66$5,577,540$3,493,884$3,028,256$4,954,292
67$6,101,055$3,619,690$3,084,309$5,322,216
68$6,676,540$3,750,232$3,140,810$5,723,841
69$7,309,248$3,885,695$3,197,729$6,162,500
70$8,004,972$4,026,274$3,255,033$6,641,859
71$8,770,090$4,172,173$3,312,687$7,165,959
72$9,611,632$4,323,602$3,370,655$7,739,246
73$10,537,341$4,480,781$3,428,894$8,366,620
74$11,555,750$4,643,939$3,487,362$9,053,475
75$12,676,260$4,813,316$3,546,012$9,805,752
76$13,909,229$4,989,159$3,604,795$10,629,996
77$15,266,071$5,171,729$3,663,656$11,533,413
78$16,759,362$5,361,294$3,722,540$12,523,944
79$18,402,956$5,558,137$3,781,384$13,610,332
80$20,212,123$5,762,551$3,840,126$14,802,210
81$22,203,685$5,974,841$3,898,695$16,110,190
82$24,396,178$6,195,326$3,957,019$17,545,961
83$26,810,029$6,424,338$4,015,020$19,122,401
84$29,467,744$6,662,223$4,072,616$20,853,694
85$32,394,124$6,909,342$4,129,718$22,755,470
86$35,616,495$7,166,070$4,186,234$24,844,946
87$39,164,971$7,432,801$4,242,066$27,141,090
88$43,072,732$7,709,942$4,297,110$29,664,803
89$47,376,343$7,997,921$4,351,255$32,439,107
90$52,116,093$8,297,182$4,404,385$35,489,371
91$57,336,379$8,608,189$4,456,376$38,843,544
92$63,086,124$8,931,425$4,507,100$42,532,422
93$69,419,239$9,267,395$4,556,418$46,589,934
94$76,395,129$9,616,624$4,604,185$51,053,464
95$84,079,256$9,979,663$4,650,249$55,964,204
96$92,543,756$10,357,082$4,694,448$61,367,539
97$101,868,120$10,749,481$4,736,614$67,313,479
98$112,139,944$11,157,481$4,776,566$73,857,124
99$123,455,755$11,581,734$4,814,117$81,059,192
100$135,921,920$12,022,917$4,849,068$88,986,581