Can I retire at age 58 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$214,706$212,793$210,927$209,106$207,328$201,336
2 years$106,290$104,310$102,392$100,532$98,727$92,739
3 years$70,156$68,168$66,254$64,412$62,637$56,839
4 years$52,093$50,111$48,216$46,405$44,673$39,110
5 years$41,257$39,287$37,418$35,643$33,960$28,647
6 years$34,036$32,081$30,239$28,504$26,871$21,813
7 years$28,880$26,942$25,129$23,435$21,853$17,050
8 years$25,015$23,094$21,311$19,659$18,130$13,578
9 years$22,011$20,107$18,355$16,745$15,268$10,964
10 years$19,608$17,724$16,003$14,434$13,009$8,947
11 years$17,644$15,778$14,088$12,562$11,188$7,361
12 years$16,008$14,162$12,503$11,019$9,695$6,096
13 years$14,625$12,798$11,171$9,728$8,455$5,074
14 years$13,441$11,633$10,037$8,635$7,411$4,242
15 years$12,415$10,627$9,062$7,701$6,525$3,559
16 years$11,519$9,750$8,216$6,896$5,767$2,994
17 years$10,729$8,980$7,476$6,196$5,114$2,525
18 years$10,027$8,298$6,825$5,584$4,547$2,133
19 years$9,400$7,690$6,248$5,045$4,053$1,805
20 years$8,837$7,146$5,734$4,569$3,620$1,530
21 years$8,327$6,656$5,274$4,147$3,239$1,298
22 years$7,865$6,213$4,861$3,771$2,904$1,102
23 years$7,443$5,811$4,488$3,434$2,606$937
24 years$7,058$5,445$4,151$3,132$2,343$797
25 years$6,703$5,110$3,845$2,860$2,108$678
26 years$6,377$4,802$3,566$2,615$1,899$578
27 years$6,075$4,519$3,311$2,394$1,712$492
28 years$5,795$4,259$3,078$2,193$1,545$419
29 years$5,535$4,018$2,864$2,011$1,395$357
30 years$5,292$3,794$2,668$1,846$1,260$305
31 years$5,066$3,587$2,487$1,695$1,140$260
32 years$4,855$3,394$2,321$1,558$1,031$222
33 years$4,656$3,214$2,167$1,433$933$189
34 years$4,470$3,046$2,025$1,318$845$161
35 years$4,295$2,889$1,893$1,213$765$138
36 years$4,129$2,742$1,771$1,118$693$118
37 years$3,974$2,604$1,657$1,030$628$100
38 years$3,826$2,475$1,552$949$570$86
39 years$3,687$2,354$1,454$875$516$73
40 years$3,555$2,239$1,363$807$468$62
41 years$3,429$2,132$1,278$745$425$53
42 years$3,310$2,030$1,199$687$386$46
43 years$3,197$1,934$1,125$634$350$39
44 years$3,089$1,844$1,056$586$318$33
45 years$2,986$1,758$991$541$288$28
46 years$2,889$1,677$931$500$262$24
47 years$2,795$1,601$875$462$238$21
48 years$2,706$1,528$822$427$216$18
49 years$2,620$1,459$773$394$196$15
50 years$2,539$1,394$726$364$178$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,600,000, adding $2,804 every year, while hoping to spend $45,061 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: 39/35/26 Blend
57$2,600,000$2,600,000$2,600,000$2,600,000
58$2,868,092$2,730,292$2,689,992$2,957,714
59$3,112,693$2,816,132$2,732,163$3,109,023
60$3,380,733$2,904,668$2,774,235$3,268,131
61$3,674,555$2,995,984$2,816,159$3,439,304
62$3,996,740$3,090,168$2,857,881$3,623,669
63$4,350,131$3,187,309$2,899,343$3,822,465
64$4,737,857$3,287,500$2,940,484$4,037,055
65$5,163,368$3,390,837$2,981,240$4,268,938
66$5,630,463$3,497,419$3,021,542$4,519,766
67$6,143,324$3,607,346$3,061,318$4,791,355
68$6,706,561$3,720,725$3,100,491$5,085,703
69$7,325,253$3,837,662$3,138,979$5,405,011
70$8,004,991$3,958,270$3,176,698$5,751,701
71$8,751,938$4,082,664$3,213,555$6,128,439
72$9,572,883$4,210,962$3,249,456$6,538,160
73$10,475,304$4,343,286$3,284,300$6,984,096
74$11,467,441$4,479,762$3,317,980$7,469,807
75$12,558,370$4,620,521$3,350,383$7,999,211
76$13,758,094$4,765,697$3,381,391$8,576,625
77$15,077,631$4,915,427$3,410,878$9,206,800
78$16,529,121$5,069,855$3,438,715$9,894,973
79$18,125,941$5,229,127$3,464,761$10,646,909
80$19,882,828$5,393,396$3,488,872$11,468,958
81$21,816,021$5,562,817$3,510,894$12,368,116
82$23,943,412$5,737,551$3,530,665$13,352,089
83$26,284,715$5,917,766$3,548,017$14,429,365
84$28,861,651$6,103,632$3,562,771$15,609,294
85$31,698,155$6,295,326$3,574,740$16,902,179
86$34,820,601$6,493,030$3,583,727$18,319,368
87$38,258,046$6,696,933$3,589,526$19,873,363
88$42,042,512$6,907,228$3,591,921$21,577,941
89$46,209,281$7,124,115$3,590,683$23,448,276
90$50,797,232$7,347,800$3,585,574$25,501,090
91$55,849,203$7,578,496$3,576,344$27,754,805
92$61,412,400$7,816,421$3,562,731$30,229,720
93$67,538,842$8,061,802$3,544,459$32,948,199
94$74,285,845$8,314,871$3,521,239$35,934,886
95$81,716,570$8,575,870$3,492,770$39,216,932
96$89,900,617$8,845,044$3,458,735$42,824,256
97$98,914,679$9,122,650$3,418,802$46,789,825
98$108,843,268$9,408,952$3,372,623$51,149,963
99$119,779,510$9,704,219$3,319,835$55,944,696
100$131,826,027$10,008,733$3,260,056$61,218,130