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%12.2%
1 years$210,577$208,701$206,871$205,085$203,341$201,469
2 years$104,246$102,304$100,423$98,598$96,829$94,943
3 years$68,807$66,857$64,980$63,173$61,432$59,591
4 years$51,091$49,147$47,289$45,513$43,814$42,031
5 years$40,464$38,532$36,698$34,958$33,307$31,587
6 years$33,382$31,464$29,658$27,956$26,354$24,701
7 years$28,325$26,424$24,646$22,984$21,433$19,847
8 years$24,534$22,650$20,901$19,281$17,781$16,261
9 years$21,587$19,721$18,002$16,423$14,974$13,520
10 years$19,231$17,383$15,695$14,157$12,759$11,370
11 years$17,305$15,475$13,818$12,321$10,973$9,648
12 years$15,701$13,889$12,263$10,807$9,509$8,247
13 years$14,344$12,552$10,956$9,541$8,292$7,092
14 years$13,183$11,409$9,844$8,469$7,269$6,128
15 years$12,177$10,423$8,888$7,553$6,400$5,318
16 years$11,297$9,563$8,058$6,763$5,656$4,631
17 years$10,522$8,807$7,332$6,077$5,015$4,044
18 years$9,834$8,138$6,694$5,476$4,459$3,541
19 years$9,219$7,542$6,128$4,948$3,975$3,107
20 years$8,667$7,009$5,624$4,482$3,550$2,732
21 years$8,167$6,528$5,173$4,067$3,177$2,406
22 years$7,714$6,094$4,767$3,698$2,848$2,122
23 years$7,300$5,699$4,402$3,368$2,556$1,873
24 years$6,922$5,340$4,071$3,072$2,298$1,656
25 years$6,574$5,011$3,771$2,805$2,068$1,465
26 years$6,254$4,710$3,497$2,565$1,862$1,297
27 years$5,958$4,433$3,247$2,348$1,679$1,150
28 years$5,683$4,177$3,019$2,151$1,515$1,020
29 years$5,428$3,940$2,809$1,973$1,368$905
30 years$5,191$3,721$2,617$1,810$1,236$803
31 years$4,969$3,518$2,439$1,663$1,118$713
32 years$4,761$3,328$2,276$1,528$1,011$634
33 years$4,567$3,152$2,125$1,405$915$563
34 years$4,384$2,988$1,986$1,293$828$501
35 years$4,212$2,834$1,856$1,190$750$445
36 years$4,050$2,690$1,737$1,096$680$396
37 years$3,897$2,554$1,625$1,010$616$352
38 years$3,753$2,428$1,522$931$559$314
39 years$3,616$2,308$1,426$858$507$279
40 years$3,486$2,196$1,337$792$459$248
41 years$3,363$2,091$1,253$730$417$221
42 years$3,247$1,991$1,176$674$378$197
43 years$3,135$1,897$1,103$622$343$175
44 years$3,030$1,808$1,036$575$312$156
45 years$2,929$1,724$972$531$283$139
46 years$2,833$1,645$913$490$257$124
47 years$2,741$1,570$858$453$233$110
48 years$2,654$1,499$806$418$212$98
49 years$2,570$1,431$758$387$192$88
50 years$2,490$1,367$713$357$175$78

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 $2,882 every year, while hoping to spend $24,322 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$2,550,000$2,550,000$2,550,000$2,550,000
58$2,813,073$2,677,923$2,638,398$2,970,583
59$3,074,128$2,783,263$2,700,906$3,182,046
60$3,360,995$2,892,949$2,764,692$3,409,322
61$3,676,282$3,007,169$2,829,775$3,656,326
62$4,022,861$3,126,118$2,896,171$3,924,941
63$4,403,897$3,250,002$2,963,896$4,217,237
64$4,822,875$3,379,033$3,032,967$4,535,489
65$5,283,637$3,513,434$3,103,401$4,882,202
66$5,790,415$3,653,439$3,175,212$5,260,126
67$6,347,871$3,799,292$3,248,415$5,672,289
68$6,961,144$3,951,247$3,323,027$6,122,019
69$7,635,892$4,109,569$3,399,060$6,612,980
70$8,378,353$4,274,538$3,476,528$7,149,200
71$9,195,399$4,446,444$3,555,446$7,735,112
72$10,094,600$4,625,591$3,635,824$8,375,594
73$11,084,301$4,812,296$3,717,675$9,076,014
74$12,173,692$5,006,891$3,801,010$9,842,279
75$13,372,903$5,209,723$3,885,838$10,680,890
76$14,693,094$5,421,155$3,972,169$11,599,002
77$16,146,564$5,641,566$4,060,011$12,604,492
78$17,746,864$5,871,353$4,149,371$13,706,031
79$19,508,924$6,110,929$4,240,256$14,913,164
80$21,449,199$6,360,729$4,332,669$16,236,398
81$23,585,818$6,621,206$4,426,614$17,687,302
82$25,938,760$6,892,834$4,522,094$19,278,616
83$28,530,039$7,176,107$4,619,109$21,024,364
84$31,383,911$7,471,545$4,717,658$22,939,990
85$34,527,109$7,779,690$4,817,738$25,042,501
86$37,989,087$8,101,107$4,919,345$27,350,625
87$41,802,304$8,436,391$5,022,473$29,884,987
88$46,002,526$8,786,162$5,127,113$32,668,299
89$50,629,166$9,151,067$5,233,255$35,725,578
90$55,725,658$9,531,785$5,340,885$39,084,374
91$61,339,859$9,929,027$5,449,989$42,775,032
92$67,524,510$10,343,535$5,560,549$46,830,975
93$74,337,727$10,776,084$5,672,544$51,289,017
94$81,843,551$11,227,489$5,785,950$56,189,709
95$90,112,557$11,698,599$5,900,743$61,577,717
96$99,222,511$12,190,304$6,016,891$67,502,244
97$109,259,112$12,703,534$6,134,362$74,017,491
98$120,316,798$13,239,264$6,253,120$81,183,163
99$132,499,635$13,798,512$6,373,123$89,065,033
100$145,922,303$14,382,344$6,494,328$97,735,559