Can I retire at age 58 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$208,925$207,064$205,248$203,476$201,746$196,949
2 years$103,428$101,502$99,635$97,825$96,069$91,264
3 years$68,267$66,333$64,471$62,677$60,950$56,288
4 years$50,690$48,762$46,918$45,156$43,470$38,986
5 years$40,147$38,230$36,410$34,684$33,045$28,752
6 years$33,120$31,217$29,425$27,737$26,148$22,049
7 years$28,103$26,216$24,452$22,804$21,265$17,362
8 years$24,342$22,472$20,737$19,130$17,641$13,933
9 years$21,418$19,566$17,861$16,294$14,857$11,339
10 years$19,080$17,247$15,572$14,046$12,659$9,328
11 years$17,169$15,354$13,709$12,224$10,887$7,739
12 years$15,577$13,781$12,167$10,722$9,434$6,464
13 years$14,232$12,454$10,870$9,466$8,227$5,428
14 years$13,079$11,320$9,767$8,403$7,212$4,578
15 years$12,081$10,341$8,818$7,494$6,350$3,876
16 years$11,209$9,488$7,995$6,710$5,612$3,291
17 years$10,440$8,738$7,275$6,029$4,976$2,802
18 years$9,757$8,074$6,641$5,433$4,424$2,390
19 years$9,147$7,483$6,080$4,909$3,943$2,042
20 years$8,599$6,954$5,580$4,446$3,522$1,748
21 years$8,103$6,477$5,132$4,035$3,152$1,498
22 years$7,653$6,046$4,730$3,669$2,825$1,285
23 years$7,243$5,655$4,367$3,342$2,536$1,104
24 years$6,868$5,298$4,039$3,048$2,280$949
25 years$6,523$4,972$3,741$2,783$2,051$816
26 years$6,205$4,673$3,470$2,545$1,848$702
27 years$5,911$4,398$3,222$2,329$1,666$604
28 years$5,639$4,144$2,995$2,134$1,503$520
29 years$5,386$3,909$2,787$1,957$1,357$448
30 years$5,150$3,692$2,596$1,796$1,226$386
31 years$4,930$3,490$2,420$1,650$1,109$333
32 years$4,724$3,302$2,258$1,516$1,003$287
33 years$4,531$3,127$2,109$1,394$908$248
34 years$4,350$2,964$1,970$1,283$822$214
35 years$4,179$2,811$1,842$1,181$744$184
36 years$4,018$2,668$1,723$1,088$674$159
37 years$3,867$2,534$1,613$1,002$611$137
38 years$3,723$2,409$1,510$924$554$119
39 years$3,587$2,290$1,415$852$503$102
40 years$3,459$2,179$1,326$785$456$88
41 years$3,337$2,074$1,244$725$414$76
42 years$3,221$1,975$1,167$669$375$66
43 years$3,111$1,882$1,095$617$341$57
44 years$3,006$1,794$1,027$570$309$49
45 years$2,906$1,711$965$526$281$42
46 years$2,811$1,632$906$486$255$37
47 years$2,720$1,558$851$449$231$32
48 years$2,633$1,487$800$415$210$27
49 years$2,550$1,420$752$384$191$24
50 years$2,470$1,356$707$355$173$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,530,000, adding $6,270 every year, while hoping to spend $54,120 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: 57/38/5 Blend
57$2,530,000$2,530,000$2,530,000$2,530,000
58$2,794,528$2,660,438$2,621,223$2,950,802
59$3,021,986$2,733,216$2,651,450$3,129,275
60$3,270,831$2,807,746$2,680,877$3,316,957
61$3,543,188$2,884,058$2,709,418$3,520,076
62$3,841,395$2,962,178$2,736,985$3,740,108
63$4,168,029$3,042,136$2,763,485$3,978,678
64$4,525,925$3,123,959$2,788,820$4,237,574
65$4,918,209$3,207,672$2,812,885$4,518,762
66$5,348,321$3,293,303$2,835,571$4,824,411
67$5,820,051$3,380,876$2,856,764$5,156,903
68$6,337,573$3,470,415$2,876,342$5,518,866
69$6,905,484$3,561,944$2,894,178$5,913,188
70$7,528,848$3,655,484$2,910,138$6,343,054
71$8,213,245$3,751,057$2,924,081$6,811,969
72$8,964,818$3,848,680$2,935,860$7,323,791
73$9,790,336$3,948,373$2,945,319$7,882,774
74$10,697,258$4,050,151$2,952,294$8,493,598
75$11,693,797$4,154,027$2,956,615$9,161,422
76$12,789,004$4,260,014$2,958,102$9,891,924
77$13,992,849$4,368,121$2,956,565$10,691,363
78$15,316,317$4,478,356$2,951,806$11,566,630
79$16,771,508$4,590,722$2,943,618$12,525,318
80$18,371,755$4,705,221$2,931,783$13,575,793
81$20,131,749$4,821,852$2,916,073$14,727,268
82$22,067,674$4,940,609$2,896,248$15,989,895
83$24,197,361$5,061,484$2,872,057$17,374,860
84$26,540,459$5,184,463$2,843,237$18,894,485
85$29,118,613$5,309,529$2,809,513$20,562,348
86$31,955,677$5,436,661$2,770,597$22,393,406
87$35,077,930$5,565,832$2,726,186$24,404,142
88$38,514,331$5,697,010$2,675,966$26,612,717
89$42,296,786$5,830,156$2,619,604$29,039,140
90$46,460,452$5,965,228$2,556,754$31,705,461
91$51,044,068$6,102,174$2,487,055$34,635,973
92$56,090,319$6,240,937$2,410,128$37,857,447
93$61,646,240$6,381,451$2,325,576$41,399,382
94$67,763,659$6,523,645$2,232,985$45,294,282
95$74,499,683$6,667,434$2,131,921$49,577,965
96$81,917,243$6,812,730$2,021,932$54,289,899
97$90,085,678$6,959,431$1,902,544$59,473,577
98$99,081,400$7,107,426$1,773,261$65,176,925
99$108,988,606$7,256,592$1,633,568$71,452,756
100$119,900,074$7,406,796$1,482,924$78,359,268