Can I retire at age 58 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$210,577$208,701$206,871$205,085$203,341$197,863
2 years$104,246$102,304$100,423$98,598$96,829$91,350
3 years$68,807$66,857$64,980$63,173$61,432$56,123
4 years$51,091$49,147$47,289$45,513$43,814$38,715
5 years$40,464$38,532$36,698$34,958$33,307$28,432
6 years$33,382$31,464$29,658$27,956$26,354$21,709
7 years$28,325$26,424$24,646$22,984$21,433$17,017
8 years$24,534$22,650$20,901$19,281$17,781$13,592
9 years$21,587$19,721$18,002$16,423$14,974$11,008
10 years$19,231$17,383$15,695$14,157$12,759$9,011
11 years$17,305$15,475$13,818$12,321$10,973$7,438
12 years$15,701$13,889$12,263$10,807$9,509$6,180
13 years$14,344$12,552$10,956$9,541$8,292$5,162
14 years$13,183$11,409$9,844$8,469$7,269$4,330
15 years$12,177$10,423$8,888$7,553$6,400$3,645
16 years$11,297$9,563$8,058$6,763$5,656$3,077
17 years$10,522$8,807$7,332$6,077$5,015$2,605
18 years$9,834$8,138$6,694$5,476$4,459$2,209
19 years$9,219$7,542$6,128$4,948$3,975$1,876
20 years$8,667$7,009$5,624$4,482$3,550$1,596
21 years$8,167$6,528$5,173$4,067$3,177$1,360
22 years$7,714$6,094$4,767$3,698$2,848$1,159
23 years$7,300$5,699$4,402$3,368$2,556$989
24 years$6,922$5,340$4,071$3,072$2,298$845
25 years$6,574$5,011$3,771$2,805$2,068$722
26 years$6,254$4,710$3,497$2,565$1,862$617
27 years$5,958$4,433$3,247$2,348$1,679$528
28 years$5,683$4,177$3,019$2,151$1,515$452
29 years$5,428$3,940$2,809$1,973$1,368$387
30 years$5,191$3,721$2,617$1,810$1,236$331
31 years$4,969$3,518$2,439$1,663$1,118$283
32 years$4,761$3,328$2,276$1,528$1,011$243
33 years$4,567$3,152$2,125$1,405$915$208
34 years$4,384$2,988$1,986$1,293$828$178
35 years$4,212$2,834$1,856$1,190$750$153
36 years$4,050$2,690$1,737$1,096$680$131
37 years$3,897$2,554$1,625$1,010$616$112
38 years$3,753$2,428$1,522$931$559$96
39 years$3,616$2,308$1,426$858$507$82
40 years$3,486$2,196$1,337$792$459$71
41 years$3,363$2,091$1,253$730$417$61
42 years$3,247$1,991$1,176$674$378$52
43 years$3,135$1,897$1,103$622$343$45
44 years$3,030$1,808$1,036$575$312$38
45 years$2,929$1,724$972$531$283$33
46 years$2,833$1,645$913$490$257$28
47 years$2,741$1,570$858$453$233$24
48 years$2,654$1,499$806$418$212$21
49 years$2,570$1,431$758$387$192$18
50 years$2,490$1,367$713$357$175$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,550,000, adding $6,591 every year, while hoping to spend $22,723 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: 63/22/15 Blend
57$2,550,000$2,550,000$2,550,000$2,550,000
58$2,816,899$2,681,749$2,642,224$2,983,620
59$3,080,045$2,788,977$2,706,561$3,203,513
60$3,369,271$2,900,698$2,772,292$3,440,345
61$3,687,213$3,017,108$2,839,440$3,698,416
62$4,036,774$3,138,412$2,908,026$3,979,794
63$4,421,154$3,264,824$2,978,075$4,286,754
64$4,843,879$3,396,568$3,049,608$4,621,797
65$5,308,833$3,533,878$3,122,648$4,987,679
66$5,820,295$3,676,998$3,197,217$5,387,429
67$6,382,979$3,826,186$3,273,339$5,824,385
68$7,002,082$3,981,708$3,351,034$6,302,217
69$7,683,326$4,143,843$3,430,325$6,824,968
70$8,433,018$4,312,884$3,511,234$7,397,087
71$9,258,108$4,489,138$3,593,783$8,023,472
72$10,166,252$4,672,923$3,677,991$8,709,517
73$11,165,887$4,864,573$3,763,881$9,461,159
74$12,266,309$5,064,439$3,851,473$10,284,936
75$13,477,762$5,272,885$3,940,786$11,188,047
76$14,811,532$5,490,294$4,031,841$12,178,420
77$16,280,056$5,717,067$4,124,655$13,264,784
78$17,897,038$5,953,620$4,219,248$14,456,752
79$19,677,580$6,200,391$4,315,636$15,764,914
80$21,638,321$6,457,838$4,413,838$17,200,928
81$23,797,596$6,726,439$4,513,869$18,777,639
82$26,175,612$7,006,695$4,615,743$20,509,191
83$28,794,630$7,299,129$4,719,477$22,411,165
84$31,679,185$7,604,289$4,825,082$24,500,721
85$34,856,312$7,922,749$4,932,572$26,796,762
86$38,355,799$8,255,107$5,041,957$29,320,112
87$42,210,474$8,601,991$5,153,246$32,093,706
88$46,456,512$8,964,058$5,266,449$35,142,813
89$51,133,773$9,341,994$5,381,572$38,495,265
90$56,286,184$9,736,517$5,498,621$42,181,726
91$61,962,149$10,148,381$5,617,599$46,235,976
92$68,215,008$10,578,371$5,738,508$50,695,227
93$75,103,539$11,027,312$5,861,348$55,600,478
94$82,692,514$11,496,064$5,986,118$60,996,896
95$91,053,310$11,985,530$6,112,812$66,934,242
96$100,264,580$12,496,655$6,241,424$73,467,341
97$110,413,002$13,030,425$6,371,946$80,656,593
98$121,594,087$13,587,874$6,504,365$88,568,548
99$133,913,090$14,170,087$6,638,668$97,276,527
100$147,485,998$14,778,194$6,774,836$106,861,314