Can I retire at age 58 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$215,531$213,612$211,738$209,910$208,125$207,161
2 years$106,699$104,712$102,786$100,918$99,107$98,134
3 years$70,426$68,430$66,509$64,659$62,878$61,926
4 years$52,293$50,303$48,402$46,583$44,845$43,921
5 years$41,416$39,438$37,562$35,781$34,090$33,198
6 years$34,167$32,204$30,355$28,614$26,975$26,114
7 years$28,992$27,045$25,225$23,525$21,938$21,110
8 years$25,112$23,183$21,393$19,735$18,199$17,405
9 years$22,095$20,185$18,426$16,810$15,326$14,564
10 years$19,684$17,792$16,064$14,490$13,059$12,329
11 years$17,712$15,839$14,143$12,611$11,231$10,533
12 years$16,070$14,216$12,551$11,061$9,733$9,066
13 years$14,682$12,847$11,214$9,765$8,487$7,851
14 years$13,493$11,678$10,076$8,669$7,440$6,833
15 years$12,463$10,668$9,097$7,731$6,550$5,973
16 years$11,563$9,788$8,248$6,922$5,789$5,240
17 years$10,770$9,014$7,505$6,220$5,133$4,612
18 years$10,066$8,329$6,851$5,605$4,564$4,070
19 years$9,436$7,720$6,272$5,065$4,068$3,599
20 years$8,871$7,173$5,756$4,587$3,634$3,190
21 years$8,359$6,682$5,294$4,163$3,252$2,832
22 years$7,895$6,237$4,880$3,785$2,915$2,518
23 years$7,472$5,834$4,505$3,447$2,617$2,242
24 years$7,085$5,466$4,167$3,144$2,352$1,998
25 years$6,729$5,129$3,859$2,871$2,116$1,783
26 years$6,401$4,821$3,579$2,625$1,906$1,593
27 years$6,098$4,537$3,324$2,403$1,719$1,424
28 years$5,817$4,275$3,090$2,202$1,551$1,274
29 years$5,556$4,033$2,875$2,019$1,400$1,140
30 years$5,313$3,809$2,678$1,853$1,265$1,021
31 years$5,086$3,600$2,497$1,702$1,144$915
32 years$4,873$3,407$2,330$1,564$1,035$820
33 years$4,674$3,226$2,175$1,438$936$736
34 years$4,487$3,058$2,032$1,323$848$660
35 years$4,311$2,900$1,900$1,218$768$592
36 years$4,145$2,753$1,778$1,122$696$532
37 years$3,989$2,615$1,664$1,034$631$478
38 years$3,841$2,485$1,558$953$572$429
39 years$3,701$2,363$1,460$879$518$385
40 years$3,568$2,248$1,368$810$470$346
41 years$3,442$2,140$1,283$748$427$311
42 years$3,323$2,038$1,203$690$387$280
43 years$3,209$1,942$1,129$637$351$252
44 years$3,101$1,851$1,060$588$319$226
45 years$2,998$1,765$995$543$290$203
46 years$2,900$1,684$935$502$263$183
47 years$2,806$1,607$878$463$239$164
48 years$2,716$1,534$825$428$217$148
49 years$2,630$1,465$776$396$197$133
50 years$2,548$1,399$729$366$179$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,610,000, adding $4,559 every year, while hoping to spend $45,145 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: 38/39/23 Blend
57$2,610,000$2,610,000$2,610,000$2,610,000
58$2,880,923$2,742,593$2,702,138$2,970,440
59$3,126,743$2,828,946$2,744,625$3,122,266
60$3,396,124$2,918,017$2,787,023$3,281,689
61$3,691,420$3,009,892$2,829,281$3,453,082
62$4,015,228$3,104,659$2,871,344$3,637,554
63$4,370,403$3,202,409$2,913,156$3,836,325
64$4,760,093$3,303,236$2,954,655$4,050,738
65$5,187,764$3,407,237$2,995,778$4,282,268
66$5,657,235$3,514,511$3,036,456$4,532,540
67$6,172,713$3,625,161$3,076,617$4,803,339
68$6,738,830$3,739,295$3,116,184$5,096,632
69$7,360,691$3,857,020$3,155,077$5,414,581
70$8,043,918$3,978,451$3,193,209$5,759,567
71$8,794,707$4,103,704$3,230,490$6,134,211
72$9,619,880$4,232,899$3,266,824$6,541,397
73$10,526,957$4,366,160$3,302,112$6,984,299
74$11,524,219$4,503,615$3,336,246$7,466,414
75$12,620,794$4,645,396$3,369,114$7,991,590
76$13,826,733$4,791,639$3,400,598$8,564,066
77$15,153,115$4,942,484$3,430,573$9,188,507
78$16,612,144$5,098,077$3,458,908$9,870,053
79$18,217,266$5,258,566$3,485,465$10,614,363
80$19,983,296$5,424,105$3,510,098$11,427,670
81$21,926,560$5,594,854$3,532,654$12,316,838
82$24,065,044$5,770,976$3,552,972$13,289,429
83$26,418,565$5,952,640$3,570,883$14,353,770
84$29,008,959$6,140,021$3,586,209$15,519,035
85$31,860,289$6,333,298$3,598,762$16,795,329
86$34,999,066$6,532,656$3,608,348$18,193,783
87$38,454,502$6,738,288$3,614,759$19,726,661
88$42,258,786$6,950,390$3,617,779$21,407,470
89$46,447,389$7,169,165$3,617,181$23,251,094
90$51,059,392$7,394,824$3,612,726$25,273,929
91$56,137,863$7,627,583$3,604,165$27,494,037
92$61,730,255$7,867,664$3,591,235$29,931,322
93$67,888,861$8,115,300$3,573,661$32,607,708
94$74,671,301$8,370,726$3,551,155$35,547,355
95$82,141,070$8,634,188$3,523,415$38,776,881
96$90,368,135$8,905,939$3,490,125$42,325,612
97$99,429,593$9,186,238$3,450,953$46,225,863
98$109,410,403$9,475,356$3,405,551$50,513,238
99$120,404,185$9,773,568$3,353,557$55,226,969
100$132,514,100$10,081,161$3,294,590$60,410,283