Can I retire at age 58 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$213,880$211,975$210,116$208,302$206,530$199,520
2 years$105,881$103,909$101,998$100,145$98,348$91,355
3 years$69,886$67,906$65,999$64,164$62,396$55,641
4 years$51,892$49,918$48,031$46,226$44,501$38,035
5 years$41,099$39,136$37,274$35,506$33,829$27,669
6 years$33,905$31,958$30,123$28,395$26,768$20,919
7 years$28,769$26,838$25,032$23,345$21,769$16,231
8 years$24,919$23,005$21,229$19,583$18,060$12,827
9 years$21,926$20,030$18,285$16,681$15,209$10,276
10 years$19,533$17,656$15,941$14,379$12,959$8,317
11 years$17,576$15,718$14,034$12,514$11,145$6,786
12 years$15,947$14,107$12,455$10,976$9,658$5,571
13 years$14,569$12,749$11,128$9,691$8,422$4,597
14 years$13,389$11,588$9,998$8,602$7,383$3,808
15 years$12,368$10,586$9,027$7,672$6,500$3,166
16 years$11,475$9,713$8,184$6,869$5,745$2,638
17 years$10,688$8,945$7,448$6,172$5,094$2,204
18 years$9,989$8,266$6,799$5,562$4,529$1,844
19 years$9,364$7,660$6,224$5,026$4,037$1,545
20 years$8,803$7,118$5,712$4,552$3,606$1,297
21 years$8,295$6,631$5,254$4,131$3,227$1,089
22 years$7,835$6,189$4,842$3,756$2,892$916
23 years$7,415$5,789$4,471$3,421$2,596$770
24 years$7,030$5,424$4,135$3,120$2,334$649
25 years$6,677$5,090$3,830$2,849$2,100$546
26 years$6,352$4,784$3,552$2,605$1,892$460
27 years$6,051$4,502$3,298$2,385$1,705$388
28 years$5,773$4,242$3,066$2,185$1,539$327
29 years$5,513$4,002$2,853$2,004$1,390$276
30 years$5,272$3,780$2,658$1,839$1,256$233
31 years$5,047$3,573$2,478$1,689$1,135$196
32 years$4,836$3,381$2,312$1,552$1,027$166
33 years$4,638$3,202$2,159$1,427$929$140
34 years$4,453$3,034$2,017$1,313$841$118
35 years$4,278$2,878$1,886$1,209$762$100
36 years$4,114$2,732$1,764$1,113$690$84
37 years$3,958$2,594$1,651$1,026$626$71
38 years$3,811$2,466$1,546$945$567$60
39 years$3,673$2,345$1,448$872$514$51
40 years$3,541$2,231$1,358$804$467$43
41 years$3,416$2,123$1,273$742$423$36
42 years$3,297$2,022$1,194$685$384$31
43 years$3,185$1,927$1,121$632$349$26
44 years$3,077$1,837$1,052$584$316$22
45 years$2,975$1,751$988$539$287$18
46 years$2,877$1,671$928$498$261$16
47 years$2,784$1,594$871$460$237$13
48 years$2,695$1,522$819$425$215$11
49 years$2,610$1,454$770$393$195$9
50 years$2,529$1,388$724$363$177$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,590,000, adding $6,267 every year, while hoping to spend $31,266 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: 67/16/17 Blend
57$2,590,000$2,590,000$2,590,000$2,590,000
58$2,860,644$2,723,374$2,683,229$3,040,120
59$3,119,163$2,823,553$2,739,851$3,261,010
60$3,403,003$2,927,592$2,797,321$3,498,225
61$3,714,714$3,035,649$2,855,636$3,756,844
62$4,057,104$3,147,885$2,914,789$4,038,967
63$4,433,268$3,264,471$2,974,774$4,346,904
64$4,846,615$3,385,583$3,035,582$4,683,203
65$5,300,899$3,511,406$3,097,203$5,050,664
66$5,800,258$3,642,132$3,159,627$5,452,372
67$6,349,249$3,777,961$3,222,839$5,891,725
68$6,952,895$3,919,104$3,286,827$6,372,462
69$7,616,727$4,065,777$3,351,572$6,898,703
70$8,346,841$4,218,208$3,417,058$7,474,982
71$9,149,953$4,376,634$3,483,263$8,106,294
72$10,033,461$4,541,302$3,550,166$8,798,141
73$11,005,520$4,712,472$3,617,742$9,556,580
74$12,075,110$4,890,410$3,685,964$10,388,286
75$13,252,131$5,075,399$3,754,803$11,300,607
76$14,547,486$5,267,732$3,824,226$12,301,639
77$15,973,192$5,467,713$3,894,200$13,400,299
78$17,542,488$5,675,662$3,964,687$14,606,410
79$19,269,964$5,891,912$4,035,646$15,930,791
80$21,171,694$6,116,809$4,107,034$17,385,363
81$23,265,391$6,350,716$4,178,803$18,983,256
82$25,570,571$6,594,012$4,250,904$20,738,935
83$28,108,741$6,847,090$4,323,281$22,668,336
84$30,903,599$7,110,364$4,395,877$24,789,014
85$33,981,256$7,384,262$4,468,629$27,120,312
86$37,370,488$7,669,234$4,541,472$29,683,537
87$41,103,001$7,965,750$4,614,334$32,502,167
88$45,213,732$8,274,297$4,687,139$35,602,067
89$49,741,182$8,595,387$4,759,808$39,011,735
90$54,727,775$8,929,553$4,832,254$42,762,568
91$60,220,260$9,277,353$4,904,386$46,889,162
92$66,270,151$9,639,368$4,976,108$51,429,632
93$72,934,215$10,016,205$5,047,316$56,425,975
94$80,275,005$10,408,500$5,117,901$61,924,464
95$88,361,454$10,816,914$5,187,749$67,976,087
96$97,269,519$11,242,140$5,256,736$74,637,021
97$107,082,906$11,684,901$5,324,732$81,969,167
98$117,893,854$12,145,952$5,391,602$90,040,732
99$129,804,005$12,626,082$5,457,199$98,926,871
100$142,925,368$13,126,115$5,521,370$108,710,395