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

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$214,706$212,793$210,927$209,106$207,328$204,314
2 years$106,290$104,310$102,392$100,532$98,727$95,697
3 years$70,156$68,168$66,254$64,412$62,637$59,685
4 years$52,093$50,111$48,216$46,405$44,673$41,822
5 years$41,257$39,287$37,418$35,643$33,960$31,217
6 years$34,036$32,081$30,239$28,504$26,871$24,241
7 years$28,880$26,942$25,129$23,435$21,853$19,336
8 years$25,015$23,094$21,311$19,659$18,130$15,725
9 years$22,011$20,107$18,355$16,745$15,268$12,975
10 years$19,608$17,724$16,003$14,434$13,009$10,826
11 years$17,644$15,778$14,088$12,562$11,188$9,113
12 years$16,008$14,162$12,503$11,019$9,695$7,725
13 years$14,625$12,798$11,171$9,728$8,455$6,587
14 years$13,441$11,633$10,037$8,635$7,411$5,643
15 years$12,415$10,627$9,062$7,701$6,525$4,854
16 years$11,519$9,750$8,216$6,896$5,767$4,189
17 years$10,729$8,980$7,476$6,196$5,114$3,625
18 years$10,027$8,298$6,825$5,584$4,547$3,145
19 years$9,400$7,690$6,248$5,045$4,053$2,734
20 years$8,837$7,146$5,734$4,569$3,620$2,380
21 years$8,327$6,656$5,274$4,147$3,239$2,076
22 years$7,865$6,213$4,861$3,771$2,904$1,813
23 years$7,443$5,811$4,488$3,434$2,606$1,585
24 years$7,058$5,445$4,151$3,132$2,343$1,387
25 years$6,703$5,110$3,845$2,860$2,108$1,215
26 years$6,377$4,802$3,566$2,615$1,899$1,065
27 years$6,075$4,519$3,311$2,394$1,712$934
28 years$5,795$4,259$3,078$2,193$1,545$819
29 years$5,535$4,018$2,864$2,011$1,395$719
30 years$5,292$3,794$2,668$1,846$1,260$632
31 years$5,066$3,587$2,487$1,695$1,140$555
32 years$4,855$3,394$2,321$1,558$1,031$488
33 years$4,656$3,214$2,167$1,433$933$429
34 years$4,470$3,046$2,025$1,318$845$377
35 years$4,295$2,889$1,893$1,213$765$332
36 years$4,129$2,742$1,771$1,118$693$292
37 years$3,974$2,604$1,657$1,030$628$257
38 years$3,826$2,475$1,552$949$570$226
39 years$3,687$2,354$1,454$875$516$199
40 years$3,555$2,239$1,363$807$468$175
41 years$3,429$2,132$1,278$745$425$154
42 years$3,310$2,030$1,199$687$386$136
43 years$3,197$1,934$1,125$634$350$120
44 years$3,089$1,844$1,056$586$318$105
45 years$2,986$1,758$991$541$288$93
46 years$2,889$1,677$931$500$262$82
47 years$2,795$1,601$875$462$238$72
48 years$2,706$1,528$822$427$216$63
49 years$2,620$1,459$773$394$196$56
50 years$2,539$1,394$726$364$178$49

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 $4,533 every year, while hoping to spend $48,968 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: 59/14/27 Blend
57$2,600,000$2,600,000$2,600,000$2,600,000
58$2,869,876$2,732,076$2,691,776$3,017,939
59$3,110,502$2,813,846$2,729,849$3,201,342
60$3,374,030$2,897,982$2,767,556$3,395,686
61$3,662,745$2,984,547$2,804,833$3,606,647
62$3,979,163$3,073,608$2,841,613$3,835,851
63$4,326,055$3,165,232$2,877,824$4,085,091
64$4,706,472$3,259,487$2,913,390$4,356,338
65$5,123,774$3,356,444$2,948,231$4,651,767
66$5,581,665$3,456,175$2,982,263$4,973,771
67$6,084,221$3,558,754$3,015,395$5,324,989
68$6,635,934$3,664,256$3,047,534$5,708,324
69$7,241,753$3,772,758$3,078,579$6,126,978
70$7,907,127$3,884,339$3,108,427$6,584,477
71$8,638,061$3,999,079$3,136,967$7,084,706
72$9,441,169$4,117,059$3,164,081$7,631,944
73$10,323,738$4,238,365$3,189,647$8,230,909
74$11,293,796$4,363,081$3,213,536$8,886,796
75$12,360,185$4,491,295$3,235,612$9,605,330
76$13,532,651$4,623,095$3,255,733$10,392,819
77$14,821,928$4,758,573$3,273,746$11,256,216
78$16,239,843$4,897,821$3,289,495$12,203,178
79$17,799,427$5,040,934$3,302,812$13,242,147
80$19,515,036$5,188,008$3,313,525$14,382,423
81$21,402,490$5,339,141$3,321,448$15,634,253
82$23,479,217$5,494,432$3,326,389$17,008,932
83$25,764,421$5,653,983$3,328,147$18,518,903
84$28,279,261$5,817,897$3,326,509$20,177,880
85$31,047,051$5,986,279$3,321,253$22,000,974
86$34,093,480$6,159,236$3,312,144$24,004,840
87$37,446,853$6,336,877$3,298,939$26,207,828
88$41,138,358$6,519,310$3,281,380$28,630,161
89$45,202,363$6,706,649$3,259,199$31,294,125
90$49,676,735$6,899,006$3,232,113$34,224,281
91$54,603,201$7,096,495$3,199,827$37,447,691
92$60,027,738$7,299,235$3,162,032$40,994,181
93$66,001,011$7,507,341$3,118,404$44,896,619
94$72,578,847$7,720,933$3,068,603$49,191,227
95$79,822,763$7,940,132$3,012,274$53,917,919
96$87,800,545$8,165,059$2,949,046$59,120,684
97$96,586,891$8,395,838$2,878,530$64,847,999
98$106,264,111$8,632,591$2,800,318$71,153,284
99$116,922,906$8,875,444$2,713,984$78,095,413
100$128,663,224$9,124,522$2,619,084$85,739,263