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%11%
1 years$210,577$208,701$206,871$205,085$203,341$202,484
2 years$104,246$102,304$100,423$98,598$96,829$95,964
3 years$68,807$66,857$64,980$63,173$61,432$60,586
4 years$51,091$49,147$47,289$45,513$43,814$42,993
5 years$40,464$38,532$36,698$34,958$33,307$32,513
6 years$33,382$31,464$29,658$27,956$26,354$25,589
7 years$28,325$26,424$24,646$22,984$21,433$20,697
8 years$24,534$22,650$20,901$19,281$17,781$17,074
9 years$21,587$19,721$18,002$16,423$14,974$14,296
10 years$19,231$17,383$15,695$14,157$12,759$12,109
11 years$17,305$15,475$13,818$12,321$10,973$10,351
12 years$15,701$13,889$12,263$10,807$9,509$8,915
13 years$14,344$12,552$10,956$9,541$8,292$7,725
14 years$13,183$11,409$9,844$8,469$7,269$6,728
15 years$12,177$10,423$8,888$7,553$6,400$5,885
16 years$11,297$9,563$8,058$6,763$5,656$5,167
17 years$10,522$8,807$7,332$6,077$5,015$4,550
18 years$9,834$8,138$6,694$5,476$4,459$4,018
19 years$9,219$7,542$6,128$4,948$3,975$3,556
20 years$8,667$7,009$5,624$4,482$3,550$3,154
21 years$8,167$6,528$5,173$4,067$3,177$2,802
22 years$7,714$6,094$4,767$3,698$2,848$2,493
23 years$7,300$5,699$4,402$3,368$2,556$2,221
24 years$6,922$5,340$4,071$3,072$2,298$1,982
25 years$6,574$5,011$3,771$2,805$2,068$1,770
26 years$6,254$4,710$3,497$2,565$1,862$1,582
27 years$5,958$4,433$3,247$2,348$1,679$1,415
28 years$5,683$4,177$3,019$2,151$1,515$1,267
29 years$5,428$3,940$2,809$1,973$1,368$1,135
30 years$5,191$3,721$2,617$1,810$1,236$1,017
31 years$4,969$3,518$2,439$1,663$1,118$912
32 years$4,761$3,328$2,276$1,528$1,011$819
33 years$4,567$3,152$2,125$1,405$915$735
34 years$4,384$2,988$1,986$1,293$828$660
35 years$4,212$2,834$1,856$1,190$750$593
36 years$4,050$2,690$1,737$1,096$680$533
37 years$3,897$2,554$1,625$1,010$616$479
38 years$3,753$2,428$1,522$931$559$430
39 years$3,616$2,308$1,426$858$507$387
40 years$3,486$2,196$1,337$792$459$348
41 years$3,363$2,091$1,253$730$417$313
42 years$3,247$1,991$1,176$674$378$282
43 years$3,135$1,897$1,103$622$343$253
44 years$3,030$1,808$1,036$575$312$228
45 years$2,929$1,724$972$531$283$205
46 years$2,833$1,645$913$490$257$185
47 years$2,741$1,570$858$453$233$166
48 years$2,654$1,499$806$418$212$150
49 years$2,570$1,431$758$387$192$135
50 years$2,490$1,367$713$357$175$121

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 $6,037 every year, while hoping to spend $56,826 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: 84/8/8 Blend
57$2,550,000$2,550,000$2,550,000$2,550,000
58$2,816,327$2,681,177$2,641,652$3,049,859
59$3,043,130$2,752,092$2,669,685$3,274,229
60$3,291,162$2,824,578$2,696,753$3,512,325
61$3,562,529$2,898,651$2,722,762$3,772,071
62$3,859,549$2,974,327$2,747,617$4,055,610
63$4,184,775$3,051,620$2,771,214$4,365,295
64$4,541,018$3,130,545$2,793,445$4,703,722
65$4,931,373$3,211,114$2,814,197$5,073,749
66$5,359,251$3,293,336$2,833,350$5,478,522
67$5,828,405$3,377,220$2,850,778$5,921,508
68$6,342,973$3,462,774$2,866,350$6,406,525
69$6,907,509$3,550,003$2,879,925$6,937,779
70$7,527,030$3,638,908$2,891,358$7,519,904
71$8,207,063$3,729,491$2,900,494$8,158,001
72$8,953,697$3,821,749$2,907,174$8,857,695
73$9,773,637$3,915,678$2,911,227$9,625,177
74$10,674,271$4,011,269$2,912,476$10,467,272
75$11,663,736$4,108,511$2,910,734$11,391,497
76$12,750,999$4,207,389$2,905,805$12,406,134
77$13,945,936$4,307,886$2,897,484$13,520,306
78$15,259,427$4,409,979$2,885,557$14,744,068
79$16,703,462$4,513,641$2,869,796$16,088,495
80$18,291,247$4,618,841$2,849,966$17,565,791
81$20,037,333$4,725,543$2,825,818$19,189,403
82$21,957,751$4,833,705$2,797,094$20,974,146
83$24,070,166$4,943,281$2,763,520$22,936,344
84$26,394,037$5,054,216$2,724,813$25,093,985
85$28,950,808$5,166,452$2,680,673$27,466,888
86$31,764,104$5,279,921$2,630,789$30,076,891
87$34,859,956$5,394,551$2,574,834$32,948,058
88$38,267,046$5,510,258$2,512,465$36,106,906
89$42,016,978$5,626,954$2,443,326$39,582,651
90$46,144,573$5,744,538$2,367,041$43,407,490
91$50,688,202$5,862,903$2,283,219$47,616,898
92$55,690,142$5,981,929$2,191,451$52,249,970
93$61,196,981$6,101,488$2,091,308$57,349,783
94$67,260,050$6,221,438$1,982,344$62,963,807
95$73,935,913$6,341,626$1,864,091$69,144,349
96$81,286,897$6,461,887$1,736,059$75,949,051
97$89,381,681$6,582,040$1,597,738$83,441,432
98$98,295,945$6,701,892$1,448,594$91,691,485
99$108,113,079$6,821,232$1,288,069$100,776,342
100$118,924,976$6,939,835$1,115,582$110,780,998