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%17.9%
1 years$208,925$207,064$205,248$203,476$201,746$195,288
2 years$103,428$101,502$99,635$97,825$96,069$89,623
3 years$68,267$66,333$64,471$62,677$60,950$54,717
4 years$50,690$48,762$46,918$45,156$43,470$37,498
5 years$40,147$38,230$36,410$34,684$33,045$27,351
6 years$33,120$31,217$29,425$27,737$26,148$20,735
7 years$28,103$26,216$24,452$22,804$21,265$16,134
8 years$24,342$22,472$20,737$19,130$17,641$12,788
9 years$21,418$19,566$17,861$16,294$14,857$10,276
10 years$19,080$17,247$15,572$14,046$12,659$8,344
11 years$17,169$15,354$13,709$12,224$10,887$6,829
12 years$15,577$13,781$12,167$10,722$9,434$5,626
13 years$14,232$12,454$10,870$9,466$8,227$4,658
14 years$13,079$11,320$9,767$8,403$7,212$3,872
15 years$12,081$10,341$8,818$7,494$6,350$3,230
16 years$11,209$9,488$7,995$6,710$5,612$2,702
17 years$10,440$8,738$7,275$6,029$4,976$2,265
18 years$9,757$8,074$6,641$5,433$4,424$1,902
19 years$9,147$7,483$6,080$4,909$3,943$1,600
20 years$8,599$6,954$5,580$4,446$3,522$1,348
21 years$8,103$6,477$5,132$4,035$3,152$1,137
22 years$7,653$6,046$4,730$3,669$2,825$959
23 years$7,243$5,655$4,367$3,342$2,536$810
24 years$6,868$5,298$4,039$3,048$2,280$685
25 years$6,523$4,972$3,741$2,783$2,051$579
26 years$6,205$4,673$3,470$2,545$1,848$490
27 years$5,911$4,398$3,222$2,329$1,666$415
28 years$5,639$4,144$2,995$2,134$1,503$351
29 years$5,386$3,909$2,787$1,957$1,357$297
30 years$5,150$3,692$2,596$1,796$1,226$252
31 years$4,930$3,490$2,420$1,650$1,109$213
32 years$4,724$3,302$2,258$1,516$1,003$181
33 years$4,531$3,127$2,109$1,394$908$153
34 years$4,350$2,964$1,970$1,283$822$130
35 years$4,179$2,811$1,842$1,181$744$110
36 years$4,018$2,668$1,723$1,088$674$93
37 years$3,867$2,534$1,613$1,002$611$79
38 years$3,723$2,409$1,510$924$554$67
39 years$3,587$2,290$1,415$852$503$57
40 years$3,459$2,179$1,326$785$456$48
41 years$3,337$2,074$1,244$725$414$41
42 years$3,221$1,975$1,167$669$375$35
43 years$3,111$1,882$1,095$617$341$29
44 years$3,006$1,794$1,027$570$309$25
45 years$2,906$1,711$965$526$281$21
46 years$2,811$1,632$906$486$255$18
47 years$2,720$1,558$851$449$231$15
48 years$2,633$1,487$800$415$210$13
49 years$2,550$1,420$752$384$191$11
50 years$2,470$1,356$707$355$173$9

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 $4,594 every year, while hoping to spend $55,843 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: 73/5/22 Blend
57$2,530,000$2,530,000$2,530,000$2,530,000
58$2,792,799$2,658,709$2,619,494$2,981,339
59$3,018,248$2,729,569$2,647,830$3,178,270
60$3,264,821$2,802,030$2,675,244$3,386,820
61$3,534,614$2,876,110$2,701,646$3,613,909
62$3,829,934$2,951,830$2,726,941$3,861,373
63$4,153,323$3,029,205$2,751,030$4,131,235
64$4,507,579$3,108,253$2,773,806$4,425,723
65$4,895,784$3,188,989$2,795,160$4,747,292
66$5,321,331$3,271,426$2,814,975$5,098,647
67$5,787,958$3,355,578$2,833,128$5,482,767
68$6,299,783$3,441,454$2,849,491$5,902,936
69$6,861,339$3,529,064$2,863,927$6,362,772
70$7,477,622$3,618,414$2,876,295$6,866,261
71$8,154,133$3,709,511$2,886,445$7,417,795
72$8,896,933$3,802,355$2,894,220$8,022,214
73$9,712,698$3,896,948$2,899,453$8,684,851
74$10,608,781$3,993,286$2,901,973$9,411,584
75$11,593,285$4,091,365$2,901,597$10,208,887
76$12,675,134$4,191,176$2,898,134$11,083,898
77$13,864,160$4,292,706$2,891,384$12,044,480
78$15,171,196$4,395,941$2,881,138$13,099,299
79$16,608,176$4,500,860$2,867,174$14,257,904
80$18,188,248$4,607,440$2,849,262$15,530,819
81$19,925,897$4,715,652$2,827,160$16,929,642
82$21,837,083$4,825,464$2,800,615$18,467,151
83$23,939,391$4,936,837$2,769,361$20,157,431
84$26,252,195$5,049,728$2,733,120$22,016,002
85$28,796,841$5,164,086$2,691,601$24,059,968
86$31,596,848$5,279,856$2,644,500$26,308,178
87$34,678,132$5,396,975$2,591,496$28,781,404
88$38,069,247$5,515,372$2,532,257$31,502,537
89$41,801,655$5,634,970$2,466,432$34,496,804
90$45,910,023$5,755,683$2,393,657$37,792,006
91$50,432,550$5,877,415$2,313,548$41,418,781
92$55,411,324$6,000,063$2,225,707$45,410,892
93$60,892,726$6,123,513$2,129,714$49,805,548
94$66,927,858$6,247,639$2,025,134$54,643,755
95$73,573,031$6,372,305$1,911,508$59,970,702
96$80,890,297$6,497,364$1,788,359$65,836,190
97$88,948,026$6,622,655$1,655,189$72,295,101
98$97,821,563$6,748,002$1,511,475$79,407,917
99$107,593,926$6,873,219$1,356,674$87,241,291
100$118,356,599$6,998,099$1,190,215$95,868,679