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

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$212,228$210,338$208,493$206,693$204,935$198,614
2 years$105,063$103,107$101,210$99,372$97,588$91,275
3 years$69,347$67,381$65,490$63,668$61,914$55,806
4 years$51,492$49,532$47,660$45,870$44,158$38,303
5 years$40,781$38,834$36,986$35,232$33,568$27,982
6 years$33,644$31,711$29,890$28,175$26,561$21,248
7 years$28,547$26,631$24,839$23,165$21,601$16,562
8 years$24,727$22,828$21,065$19,432$17,920$13,151
9 years$21,757$19,875$18,144$16,552$15,092$10,586
10 years$19,382$17,519$15,818$14,268$12,859$8,612
11 years$17,440$15,596$13,926$12,417$11,059$7,063
12 years$15,824$13,998$12,359$10,892$9,583$5,829
13 years$14,457$12,650$11,042$9,616$8,357$4,836
14 years$13,286$11,499$9,921$8,536$7,326$4,029
15 years$12,272$10,505$8,957$7,612$6,450$3,368
16 years$11,386$9,638$8,121$6,816$5,701$2,823
17 years$10,605$8,876$7,390$6,124$5,055$2,372
18 years$9,912$8,202$6,746$5,519$4,494$1,997
19 years$9,292$7,601$6,176$4,987$4,006$1,683
20 years$8,735$7,064$5,668$4,517$3,578$1,421
21 years$8,231$6,579$5,213$4,099$3,202$1,201
22 years$7,774$6,142$4,805$3,727$2,870$1,016
23 years$7,358$5,744$4,436$3,394$2,576$860
24 years$6,976$5,382$4,103$3,096$2,316$729
25 years$6,626$5,051$3,800$2,827$2,084$618
26 years$6,303$4,747$3,524$2,585$1,877$524
27 years$6,005$4,467$3,273$2,366$1,692$445
28 years$5,728$4,209$3,042$2,168$1,527$377
29 years$5,471$3,971$2,831$1,988$1,379$320
30 years$5,231$3,750$2,637$1,825$1,246$272
31 years$5,008$3,545$2,459$1,676$1,126$231
32 years$4,799$3,355$2,294$1,540$1,019$196
33 years$4,602$3,177$2,142$1,416$922$167
34 years$4,418$3,011$2,001$1,303$835$142
35 years$4,245$2,856$1,871$1,199$756$120
36 years$4,082$2,711$1,750$1,105$685$102
37 years$3,928$2,574$1,638$1,018$621$87
38 years$3,782$2,447$1,534$938$563$74
39 years$3,644$2,327$1,437$865$510$63
40 years$3,514$2,213$1,347$798$463$53
41 years$3,390$2,107$1,263$736$420$45
42 years$3,272$2,007$1,185$679$381$39
43 years$3,160$1,912$1,112$627$346$33
44 years$3,054$1,822$1,044$579$314$28
45 years$2,952$1,738$980$535$285$24
46 years$2,855$1,658$920$494$259$20
47 years$2,763$1,582$865$456$235$17
48 years$2,674$1,510$813$422$213$15
49 years$2,590$1,442$764$390$194$12
50 years$2,509$1,378$718$360$176$11

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 $6,621 every year, while hoping to spend $54,050 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: 69/10/21 Blend
57$2,570,000$2,570,000$2,570,000$2,570,000
58$2,838,970$2,702,760$2,662,925$3,019,601
59$3,071,036$2,777,686$2,694,624$3,216,095
60$3,324,961$2,854,472$2,725,573$3,424,096
61$3,602,918$2,933,153$2,755,691$3,650,393
62$3,907,299$3,013,761$2,784,890$3,896,790
63$4,240,739$3,096,330$2,813,080$4,165,274
64$4,606,140$3,180,895$2,840,163$4,458,035
65$5,006,695$3,267,488$2,866,037$4,777,483
66$5,445,925$3,356,143$2,890,597$5,126,274
67$5,927,706$3,446,890$2,913,728$5,507,336
68$6,456,307$3,539,763$2,935,313$5,923,892
69$7,036,430$3,634,791$2,955,226$6,379,493
70$7,673,256$3,732,006$2,973,336$6,878,054
71$8,372,490$3,831,436$2,989,505$7,423,887
72$9,140,418$3,933,110$3,003,587$8,021,742
73$9,983,963$4,037,054$3,015,429$8,676,854
74$10,910,753$4,143,296$3,024,872$9,394,991
75$11,929,191$4,251,859$3,031,746$10,182,509
76$13,048,534$4,362,766$3,035,876$11,046,410
77$14,278,981$4,476,038$3,037,074$11,994,413
78$15,631,768$4,591,695$3,035,147$13,035,019
79$17,119,274$4,709,753$3,029,890$14,177,601
80$18,755,137$4,830,228$3,021,088$15,432,483
81$20,554,383$4,953,131$3,008,517$16,811,044
82$22,533,568$5,078,473$2,991,940$18,325,823
83$24,710,933$5,206,259$2,971,112$19,990,636
84$27,106,577$5,336,494$2,945,772$21,820,712
85$29,742,642$5,469,177$2,915,650$23,832,828
86$32,643,529$5,604,304$2,880,461$26,045,475
87$35,836,121$5,741,867$2,839,909$28,479,032
88$39,350,040$5,881,853$2,793,681$31,155,953
89$43,217,926$6,024,246$2,741,451$34,100,984
90$47,475,743$6,169,023$2,682,878$37,341,396
91$52,163,120$6,316,156$2,617,606$40,907,241
92$57,323,722$6,465,611$2,545,259$44,831,638
93$63,005,664$6,617,348$2,465,448$49,151,083
94$69,261,964$6,771,321$2,377,763$53,905,798
95$76,151,043$6,927,474$2,281,776$59,140,105
96$83,737,276$7,085,746$2,177,042$64,902,852
97$92,091,597$7,246,067$2,063,092$71,247,867
98$101,292,172$7,408,357$1,939,438$78,234,472
99$111,425,134$7,572,526$1,805,569$85,928,040
100$122,585,394$7,738,477$1,660,952$94,400,616