Can I retire at age 58 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$208,099$206,246$204,437$202,672$200,948$194,594
2 years$103,019$101,101$99,241$97,438$95,690$89,345
3 years$67,997$66,070$64,216$62,430$60,709$54,574
4 years$50,490$48,569$46,733$44,977$43,299$37,419
5 years$39,988$38,079$36,266$34,547$32,915$27,307
6 years$32,989$31,094$29,309$27,627$26,044$20,714
7 years$27,992$26,113$24,356$22,714$21,181$16,127
8 years$24,246$22,383$20,655$19,054$17,572$12,790
9 years$21,333$19,489$17,791$16,230$14,798$10,284
10 years$19,005$17,178$15,510$13,990$12,609$8,355
11 years$17,101$15,293$13,655$12,176$10,844$6,843
12 years$15,516$13,726$12,118$10,680$9,397$5,641
13 years$14,175$12,404$10,827$9,429$8,194$4,673
14 years$13,027$11,275$9,728$8,370$7,183$3,888
15 years$12,033$10,300$8,783$7,464$6,325$3,245
16 years$11,165$9,450$7,963$6,683$5,590$2,717
17 years$10,399$8,703$7,246$6,005$4,956$2,279
18 years$9,719$8,042$6,615$5,412$4,407$1,916
19 years$9,111$7,453$6,056$4,890$3,928$1,613
20 years$8,565$6,926$5,558$4,429$3,508$1,359
21 years$8,071$6,451$5,112$4,019$3,140$1,147
22 years$7,623$6,022$4,711$3,655$2,814$969
23 years$7,214$5,632$4,350$3,328$2,526$819
24 years$6,840$5,277$4,023$3,036$2,271$693
25 years$6,497$4,952$3,726$2,772$2,043$586
26 years$6,180$4,654$3,456$2,535$1,840$497
27 years$5,888$4,380$3,209$2,320$1,659$421
28 years$5,617$4,128$2,983$2,126$1,497$356
29 years$5,364$3,894$2,776$1,949$1,352$302
30 years$5,130$3,677$2,586$1,789$1,222$256
31 years$4,910$3,476$2,411$1,643$1,104$217
32 years$4,705$3,289$2,249$1,510$999$184
33 years$4,513$3,115$2,100$1,389$904$156
34 years$4,332$2,952$1,962$1,278$819$133
35 years$4,162$2,800$1,835$1,176$741$112
36 years$4,002$2,658$1,716$1,083$672$95
37 years$3,851$2,524$1,606$998$609$81
38 years$3,708$2,399$1,504$920$552$69
39 years$3,573$2,281$1,409$848$501$58
40 years$3,445$2,170$1,321$782$454$49
41 years$3,324$2,066$1,239$722$412$42
42 years$3,208$1,968$1,162$666$374$36
43 years$3,099$1,875$1,090$615$339$30
44 years$2,994$1,787$1,023$568$308$26
45 years$2,895$1,704$961$524$280$22
46 years$2,800$1,626$903$484$254$18
47 years$2,709$1,551$848$447$230$16
48 years$2,622$1,481$797$414$209$13
49 years$2,540$1,414$749$382$190$11
50 years$2,460$1,351$704$353$173$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,520,000, adding $6,259 every year, while hoping to spend $37,062 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: 42/47/11 Blend
57$2,520,000$2,520,000$2,520,000$2,520,000
58$2,783,496$2,649,936$2,610,876$2,891,180
59$3,027,979$2,740,349$2,658,907$3,057,565
60$3,296,157$2,833,951$2,707,304$3,233,425
61$3,590,408$2,930,857$2,756,042$3,423,024
62$3,913,351$3,031,190$2,805,091$3,627,630
63$4,267,871$3,135,077$2,854,419$3,848,638
64$4,657,145$3,242,647$2,903,994$4,087,579
65$5,084,675$3,354,038$2,953,779$4,346,136
66$5,554,317$3,469,391$3,003,735$4,626,161
67$6,070,319$3,588,853$3,053,822$4,929,687
68$6,637,361$3,712,576$3,103,995$5,258,951
69$7,260,599$3,840,720$3,154,206$5,616,412
70$7,945,714$3,973,449$3,204,406$6,004,775
71$8,698,964$4,110,934$3,254,540$6,427,014
72$9,527,242$4,253,354$3,304,551$6,886,403
73$10,438,146$4,400,894$3,354,379$7,386,541
74$11,440,045$4,553,746$3,403,959$7,931,390
75$12,542,160$4,712,109$3,453,221$8,525,309
76$13,754,649$4,876,192$3,502,094$9,173,093
77$15,088,709$5,046,211$3,550,499$9,880,023
78$16,556,671$5,222,389$3,598,355$10,651,908
79$18,172,127$5,404,961$3,645,575$11,495,142
80$19,950,049$5,594,169$3,692,067$12,416,767
81$21,906,937$5,790,267$3,737,734$13,424,533
82$24,060,970$5,993,515$3,782,473$14,526,970
83$26,432,179$6,204,187$3,826,176$15,733,473
84$29,042,636$6,422,568$3,868,729$17,054,385
85$31,916,664$6,648,952$3,910,009$18,501,094
86$35,081,060$6,883,647$3,949,891$20,086,142
87$38,565,354$7,126,972$3,988,239$21,823,339
88$42,402,086$7,379,260$4,024,911$23,727,892
89$46,627,112$7,640,857$4,059,758$25,816,552
90$51,279,941$7,912,122$4,092,623$28,107,765
91$56,404,109$8,193,430$4,123,341$30,621,846
92$62,047,592$8,485,172$4,151,736$33,381,174
93$68,263,252$8,787,752$4,177,625$36,410,395
94$75,109,345$9,101,592$4,200,817$39,736,658
95$82,650,061$9,427,133$4,221,107$43,389,868
96$90,956,137$9,764,832$4,238,284$47,402,964
97$100,105,519$10,115,165$4,252,122$51,812,234
98$110,184,102$10,478,628$4,262,388$56,657,651
99$121,286,536$10,855,736$4,268,834$61,983,250
100$133,517,123$11,247,028$4,271,201$67,837,541