Can I retire at age 58 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$213,054$211,156$209,305$207,497$205,733$201,332
2 years$105,472$103,508$101,604$99,758$97,968$93,556
3 years$69,616$67,644$65,745$63,916$62,155$57,869
4 years$51,692$49,725$47,845$46,048$44,329$40,203
5 years$40,940$38,985$37,130$35,369$33,699$29,743
6 years$33,775$31,834$30,006$28,285$26,664$22,884
7 years$28,658$26,734$24,936$23,255$21,685$18,080
8 years$24,823$22,916$21,147$19,508$17,990$14,560
9 years$21,841$19,953$18,214$16,616$15,150$11,892
10 years$19,457$17,587$15,880$14,323$12,909$9,820
11 years$17,508$15,657$13,980$12,466$11,102$8,178
12 years$15,885$14,053$12,407$10,934$9,621$6,857
13 years$14,513$12,700$11,085$9,653$8,389$5,781
14 years$13,338$11,544$9,960$8,569$7,354$4,896
15 years$12,320$10,545$8,992$7,642$6,475$4,163
16 years$11,430$9,675$8,153$6,843$5,723$3,550
17 years$10,646$8,910$7,419$6,148$5,074$3,035
18 years$9,950$8,234$6,772$5,541$4,512$2,600
19 years$9,328$7,631$6,200$5,006$4,021$2,232
20 years$8,769$7,091$5,690$4,534$3,592$1,919
21 years$8,263$6,605$5,234$4,115$3,214$1,652
22 years$7,804$6,166$4,824$3,742$2,881$1,424
23 years$7,386$5,766$4,454$3,408$2,586$1,229
24 years$7,003$5,403$4,119$3,108$2,325$1,061
25 years$6,652$5,070$3,815$2,838$2,092$917
26 years$6,328$4,765$3,538$2,595$1,884$793
27 years$6,028$4,485$3,285$2,375$1,699$686
28 years$5,750$4,226$3,054$2,176$1,533$594
29 years$5,492$3,987$2,842$1,996$1,384$514
30 years$5,252$3,765$2,647$1,832$1,251$445
31 years$5,027$3,559$2,468$1,682$1,131$386
32 years$4,817$3,368$2,303$1,546$1,023$334
33 years$4,620$3,189$2,150$1,422$926$290
34 years$4,436$3,023$2,009$1,308$838$251
35 years$4,262$2,867$1,878$1,204$759$218
36 years$4,098$2,721$1,757$1,109$688$189
37 years$3,943$2,584$1,645$1,022$623$164
38 years$3,797$2,456$1,540$942$565$142
39 years$3,658$2,336$1,443$868$512$123
40 years$3,527$2,222$1,352$801$465$107
41 years$3,403$2,115$1,268$739$422$93
42 years$3,285$2,014$1,190$682$383$81
43 years$3,172$1,919$1,116$630$347$70
44 years$3,065$1,830$1,048$581$315$61
45 years$2,963$1,745$984$537$286$53
46 years$2,866$1,664$924$496$260$46
47 years$2,774$1,588$868$458$236$40
48 years$2,685$1,516$816$423$214$34
49 years$2,600$1,448$767$391$195$30
50 years$2,519$1,383$721$362$177$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,580,000, adding $5,509 every year, while hoping to spend $20,358 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: 45/40/15 Blend
57$2,580,000$2,580,000$2,580,000$2,580,000
58$2,848,843$2,712,103$2,672,113$2,964,583
59$3,117,764$2,823,335$2,739,968$3,157,061
60$3,413,433$2,939,335$2,809,413$3,363,171
61$3,738,556$3,060,316$2,880,482$3,586,230
62$4,096,116$3,186,498$2,953,205$3,827,816
63$4,489,398$3,318,115$3,027,616$4,089,659
64$4,922,022$3,455,409$3,103,747$4,373,662
65$5,397,978$3,598,633$3,181,631$4,681,916
66$5,921,658$3,748,053$3,261,303$5,016,715
67$6,497,907$3,903,947$3,342,797$5,380,583
68$7,132,059$4,066,605$3,426,145$5,776,293
69$7,829,992$4,236,332$3,511,384$6,206,893
70$8,598,184$4,413,445$3,598,548$6,675,734
71$9,443,771$4,598,277$3,687,672$7,186,501
72$10,374,619$4,791,175$3,778,792$7,743,244
73$11,399,392$4,992,505$3,871,944$8,350,420
74$12,527,638$5,202,646$3,967,162$9,012,928
75$13,769,879$5,421,997$4,064,484$9,736,159
76$15,137,708$5,650,977$4,163,946$10,526,043
77$16,643,900$5,890,020$4,265,583$11,389,104
78$18,302,530$6,139,584$4,369,433$12,332,519
79$20,129,111$6,400,146$4,475,532$13,364,188
80$22,140,735$6,672,208$4,583,917$14,492,800
81$24,356,235$6,956,291$4,694,623$15,727,923
82$26,796,367$7,252,945$4,807,689$17,080,084
83$29,483,999$7,562,742$4,923,149$18,560,869
84$32,444,334$7,886,284$5,041,042$20,183,034
85$35,705,142$8,224,197$5,161,402$21,960,620
86$39,297,023$8,577,139$5,284,266$23,909,084
87$43,253,700$8,945,800$5,409,670$26,045,442
88$47,612,332$9,330,899$5,537,648$28,388,430
89$52,413,868$9,733,190$5,668,237$30,958,675
90$57,703,429$10,153,464$5,801,470$33,778,893
91$63,530,742$10,592,547$5,937,382$36,874,092
92$69,950,600$11,051,304$6,076,007$40,271,814
93$77,023,384$11,530,641$6,217,376$44,002,387
94$84,815,634$12,031,507$6,361,523$48,099,212
95$93,400,674$12,554,895$6,508,479$52,599,071
96$102,859,303$13,101,846$6,658,273$57,542,474
97$113,280,563$13,673,447$6,810,936$62,974,039
98$124,762,574$14,270,840$6,966,497$68,942,907
99$137,413,463$14,895,218$7,124,981$75,503,202
100$151,352,384$15,547,831$7,286,415$82,714,542