Can I retire at age 58 with 2,570,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$212,228$210,338$208,493$206,693$204,935$197,743
2 years$105,063$103,107$101,210$99,372$97,588$90,417
3 years$69,347$67,381$65,490$63,668$61,914$54,990
4 years$51,492$49,532$47,660$45,870$44,158$37,534
5 years$40,781$38,834$36,986$35,232$33,568$27,261
6 years$33,644$31,711$29,890$28,175$26,561$20,577
7 years$28,547$26,631$24,839$23,165$21,601$15,938
8 years$24,727$22,828$21,065$19,432$17,920$12,573
9 years$21,757$19,875$18,144$16,552$15,092$10,054
10 years$19,382$17,519$15,818$14,268$12,859$8,122
11 years$17,440$15,596$13,926$12,417$11,059$6,614
12 years$15,824$13,998$12,359$10,892$9,583$5,419
13 years$14,457$12,650$11,042$9,616$8,357$4,462
14 years$13,286$11,499$9,921$8,536$7,326$3,689
15 years$12,272$10,505$8,957$7,612$6,450$3,060
16 years$11,386$9,638$8,121$6,816$5,701$2,545
17 years$10,605$8,876$7,390$6,124$5,055$2,121
18 years$9,912$8,202$6,746$5,519$4,494$1,771
19 years$9,292$7,601$6,176$4,987$4,006$1,481
20 years$8,735$7,064$5,668$4,517$3,578$1,240
21 years$8,231$6,579$5,213$4,099$3,202$1,039
22 years$7,774$6,142$4,805$3,727$2,870$871
23 years$7,358$5,744$4,436$3,394$2,576$731
24 years$6,976$5,382$4,103$3,096$2,316$614
25 years$6,626$5,051$3,800$2,827$2,084$516
26 years$6,303$4,747$3,524$2,585$1,877$434
27 years$6,005$4,467$3,273$2,366$1,692$365
28 years$5,728$4,209$3,042$2,168$1,527$307
29 years$5,471$3,971$2,831$1,988$1,379$258
30 years$5,231$3,750$2,637$1,825$1,246$217
31 years$5,008$3,545$2,459$1,676$1,126$183
32 years$4,799$3,355$2,294$1,540$1,019$154
33 years$4,602$3,177$2,142$1,416$922$130
34 years$4,418$3,011$2,001$1,303$835$109
35 years$4,245$2,856$1,871$1,199$756$92
36 years$4,082$2,711$1,750$1,105$685$77
37 years$3,928$2,574$1,638$1,018$621$65
38 years$3,782$2,447$1,534$938$563$55
39 years$3,644$2,327$1,437$865$510$46
40 years$3,514$2,213$1,347$798$463$39
41 years$3,390$2,107$1,263$736$420$33
42 years$3,272$2,007$1,185$679$381$28
43 years$3,160$1,912$1,112$627$346$23
44 years$3,054$1,822$1,044$579$314$20
45 years$2,952$1,738$980$535$285$17
46 years$2,855$1,658$920$494$259$14
47 years$2,763$1,582$865$456$235$12
48 years$2,674$1,510$813$422$213$10
49 years$2,590$1,442$764$390$194$8
50 years$2,509$1,378$718$360$176$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,570,000, adding $5,221 every year, while hoping to spend $21,631 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: 59/29/12 Blend
57$2,570,000$2,570,000$2,570,000$2,570,000
58$2,837,525$2,701,315$2,661,480$2,996,324
59$3,103,938$2,810,665$2,727,625$3,213,235
60$3,396,799$2,924,647$2,795,260$3,446,767
61$3,718,785$3,043,467$2,864,413$3,700,897
62$4,072,841$3,167,337$2,935,112$3,977,609
63$4,462,216$3,296,482$3,007,383$4,279,085
64$4,890,487$3,431,134$3,081,254$4,607,726
65$5,361,594$3,571,537$3,156,754$4,966,173
66$5,879,881$3,717,946$3,233,910$5,357,329
67$6,450,132$3,870,629$3,312,749$5,784,391
68$7,077,620$4,029,865$3,393,301$6,250,875
69$7,768,153$4,195,944$3,475,593$6,760,650
70$8,528,133$4,369,173$3,559,652$7,317,974
71$9,364,610$4,549,870$3,645,508$7,927,532
72$10,285,356$4,738,370$3,733,189$8,594,483
73$11,298,933$4,935,021$3,822,722$9,324,503
74$12,414,776$5,140,188$3,914,134$10,123,840
75$13,643,280$5,354,255$4,007,455$10,999,375
76$14,995,902$5,577,620$4,102,712$11,958,679
77$16,485,262$5,810,701$4,199,931$13,010,090
78$18,125,270$6,053,937$4,299,140$14,162,788
79$19,931,252$6,307,784$4,400,365$15,426,881
80$21,920,095$6,572,722$4,503,634$16,813,497
81$24,110,411$6,849,251$4,608,971$18,334,893
82$26,522,704$7,137,896$4,716,403$20,004,562
83$29,179,572$7,439,205$4,825,954$21,837,368
84$32,105,914$7,753,751$4,937,650$23,849,678
85$35,329,169$8,082,137$5,051,513$26,059,517
86$38,879,572$8,424,989$5,167,566$28,486,737
87$42,790,441$8,782,967$5,285,832$31,153,205
88$47,098,492$9,156,757$5,406,333$34,083,004
89$51,844,181$9,547,082$5,529,088$37,302,661
90$57,072,092$9,954,694$5,654,118$40,841,394
91$62,831,354$10,380,382$5,781,439$44,731,389
92$69,176,105$10,824,974$5,911,070$49,008,098
93$76,166,004$11,289,333$6,043,027$53,710,576
94$83,866,790$11,774,365$6,177,322$58,881,844
95$92,350,911$12,281,016$6,313,970$64,569,293
96$101,698,197$12,810,280$6,452,982$70,825,133
97$111,996,623$13,363,193$6,594,367$77,706,879
98$123,343,132$13,940,843$6,738,131$85,277,894
99$135,844,555$14,544,368$6,884,282$93,607,983
100$149,618,617$15,174,959$7,032,823$102,774,053