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%12.3%
1 years$214,706$212,793$210,927$209,106$207,328$205,333
2 years$106,290$104,310$102,392$100,532$98,727$96,719
3 years$70,156$68,168$66,254$64,412$62,637$60,675
4 years$52,093$50,111$48,216$46,405$44,673$42,774
5 years$41,257$39,287$37,418$35,643$33,960$32,129
6 years$34,036$32,081$30,239$28,504$26,871$25,111
7 years$28,880$26,942$25,129$23,435$21,853$20,165
8 years$25,015$23,094$21,311$19,659$18,130$16,512
9 years$22,011$20,107$18,355$16,745$15,268$13,721
10 years$19,608$17,724$16,003$14,434$13,009$11,532
11 years$17,644$15,778$14,088$12,562$11,188$9,780
12 years$16,008$14,162$12,503$11,019$9,695$8,354
13 years$14,625$12,798$11,171$9,728$8,455$7,179
14 years$13,441$11,633$10,037$8,635$7,411$6,200
15 years$12,415$10,627$9,062$7,701$6,525$5,376
16 years$11,519$9,750$8,216$6,896$5,767$4,678
17 years$10,729$8,980$7,476$6,196$5,114$4,083
18 years$10,027$8,298$6,825$5,584$4,547$3,573
19 years$9,400$7,690$6,248$5,045$4,053$3,133
20 years$8,837$7,146$5,734$4,569$3,620$2,752
21 years$8,327$6,656$5,274$4,147$3,239$2,422
22 years$7,865$6,213$4,861$3,771$2,904$2,134
23 years$7,443$5,811$4,488$3,434$2,606$1,883
24 years$7,058$5,445$4,151$3,132$2,343$1,663
25 years$6,703$5,110$3,845$2,860$2,108$1,470
26 years$6,377$4,802$3,566$2,615$1,899$1,301
27 years$6,075$4,519$3,311$2,394$1,712$1,152
28 years$5,795$4,259$3,078$2,193$1,545$1,021
29 years$5,535$4,018$2,864$2,011$1,395$905
30 years$5,292$3,794$2,668$1,846$1,260$803
31 years$5,066$3,587$2,487$1,695$1,140$712
32 years$4,855$3,394$2,321$1,558$1,031$632
33 years$4,656$3,214$2,167$1,433$933$562
34 years$4,470$3,046$2,025$1,318$845$499
35 years$4,295$2,889$1,893$1,213$765$443
36 years$4,129$2,742$1,771$1,118$693$394
37 years$3,974$2,604$1,657$1,030$628$350
38 years$3,826$2,475$1,552$949$570$311
39 years$3,687$2,354$1,454$875$516$277
40 years$3,555$2,239$1,363$807$468$246
41 years$3,429$2,132$1,278$745$425$219
42 years$3,310$2,030$1,199$687$386$195
43 years$3,197$1,934$1,125$634$350$173
44 years$3,089$1,844$1,056$586$318$154
45 years$2,986$1,758$991$541$288$137
46 years$2,889$1,677$931$500$262$122
47 years$2,795$1,601$875$462$238$109
48 years$2,706$1,528$822$427$216$97
49 years$2,620$1,459$773$394$196$86
50 years$2,539$1,394$726$364$178$77

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 $6,365 every year, while hoping to spend $45,689 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: 41/46/13 Blend
57$2,600,000$2,600,000$2,600,000$2,600,000
58$2,871,765$2,733,965$2,693,665$2,978,225
59$3,116,073$2,819,317$2,735,291$3,139,178
60$3,383,768$2,907,320$2,776,779$3,308,272
61$3,677,189$2,998,055$2,818,077$3,490,286
62$3,998,909$3,091,606$2,859,130$3,686,416
63$4,351,765$3,188,062$2,899,877$3,897,976
64$4,738,878$3,287,510$2,940,256$4,126,413
65$5,163,688$3,390,042$2,980,200$4,373,317
66$5,629,984$3,495,755$3,019,637$4,640,435
67$6,141,941$3,604,744$3,058,492$4,929,690
68$6,704,154$3,717,112$3,096,687$5,243,197
69$7,321,688$3,832,962$3,134,137$5,583,284
70$8,000,123$3,952,399$3,170,753$5,952,511
71$8,745,605$4,075,536$3,206,442$6,353,696
72$9,564,903$4,202,484$3,241,105$6,789,939
73$10,465,479$4,333,361$3,274,637$7,264,653
74$11,455,549$4,468,288$3,306,929$7,781,595
75$12,544,168$4,607,387$3,337,865$8,344,900
76$13,741,312$4,750,787$3,367,321$8,959,120
77$15,057,969$4,898,619$3,395,170$9,629,267
78$16,506,249$5,051,019$3,421,275$10,360,859
79$18,099,494$5,208,125$3,445,495$11,159,973
80$19,852,402$5,370,083$3,467,679$12,033,299
81$21,781,169$5,537,040$3,487,669$12,988,206
82$23,903,641$5,709,148$3,505,298$14,032,807
83$26,239,481$5,886,564$3,520,394$15,176,039
84$28,810,352$6,069,450$3,532,772$16,427,745
85$31,640,128$6,257,973$3,542,239$17,798,764
86$34,755,110$6,452,303$3,548,594$19,301,037
87$38,184,284$6,652,618$3,551,624$20,947,716
88$41,959,583$6,859,099$3,551,106$22,753,289
89$46,116,199$7,071,933$3,546,806$24,733,713
90$50,692,908$7,291,314$3,538,480$26,906,569
91$55,732,435$7,517,439$3,525,870$29,291,224
92$61,281,863$7,750,513$3,508,706$31,909,012
93$67,393,071$7,990,747$3,486,706$34,783,437
94$74,123,227$8,238,356$3,459,574$37,940,395
95$81,535,325$8,493,564$3,426,998$41,408,412
96$89,698,780$8,756,601$3,388,655$45,218,919
97$98,690,084$9,027,702$3,344,202$49,406,546
98$108,593,524$9,307,111$3,293,285$54,009,445
99$119,501,982$9,595,078$3,235,528$59,069,653
100$131,517,808$9,891,861$3,170,543$64,633,486