Can I retire at age 58 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$218,835$216,885$214,983$213,127$211,315$209,457
2 years$108,334$106,316$104,361$102,465$100,626$98,754
3 years$71,505$69,479$67,528$65,650$63,841$62,013
4 years$53,094$51,074$49,143$47,297$45,532$43,761
5 years$42,051$40,043$38,137$36,329$34,613$32,905
6 years$34,691$32,698$30,821$29,053$27,388$25,745
7 years$29,436$27,460$25,612$23,886$22,274$20,697
8 years$25,496$23,538$21,721$20,037$18,478$16,967
9 years$22,434$20,494$18,708$17,067$15,561$14,116
10 years$19,985$18,065$16,310$14,712$13,259$11,878
11 years$17,983$16,082$14,359$12,804$11,403$10,086
12 years$16,316$14,434$12,744$11,231$9,882$8,627
13 years$14,907$13,044$11,386$9,915$8,617$7,423
14 years$13,699$11,857$10,230$8,801$7,554$6,419
15 years$12,654$10,831$9,236$7,849$6,651$5,573
16 years$11,740$9,938$8,374$7,028$5,878$4,857
17 years$10,935$9,152$7,620$6,315$5,212$4,245
18 years$10,220$8,457$6,956$5,691$4,634$3,719
19 years$9,581$7,838$6,368$5,142$4,131$3,266
20 years$9,007$7,283$5,844$4,657$3,689$2,873
21 years$8,487$6,784$5,376$4,227$3,302$2,532
22 years$8,016$6,333$4,954$3,843$2,959$2,235
23 years$7,587$5,923$4,575$3,500$2,657$1,975
24 years$7,193$5,549$4,231$3,192$2,388$1,747
25 years$6,832$5,208$3,918$2,915$2,149$1,547
26 years$6,499$4,895$3,634$2,666$1,935$1,371
27 years$6,192$4,606$3,375$2,440$1,745$1,216
28 years$5,906$4,341$3,137$2,235$1,575$1,079
29 years$5,641$4,095$2,919$2,050$1,422$958
30 years$5,394$3,867$2,719$1,881$1,285$851
31 years$5,164$3,656$2,535$1,728$1,161$757
32 years$4,948$3,459$2,365$1,588$1,051$673
33 years$4,746$3,276$2,209$1,460$951$598
34 years$4,556$3,105$2,064$1,344$861$532
35 years$4,377$2,945$1,929$1,237$780$474
36 years$4,209$2,795$1,805$1,139$706$422
37 years$4,050$2,655$1,689$1,050$640$376
38 years$3,900$2,523$1,582$967$580$335
39 years$3,758$2,399$1,482$892$526$298
40 years$3,623$2,282$1,389$823$477$266
41 years$3,495$2,173$1,303$759$433$237
42 years$3,374$2,069$1,222$701$393$211
43 years$3,258$1,971$1,147$647$357$188
44 years$3,149$1,879$1,076$597$324$168
45 years$3,044$1,792$1,011$551$294$149
46 years$2,944$1,710$949$509$267$133
47 years$2,849$1,631$892$471$242$119
48 years$2,758$1,557$838$435$220$106
49 years$2,671$1,487$788$402$200$94
50 years$2,587$1,421$740$371$182$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,650,000, adding $3,250 every year, while hoping to spend $21,928 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: 66/12/22 Blend
57$2,650,000$2,650,000$2,650,000$2,650,000
58$2,923,652$2,783,202$2,742,127$3,099,988
59$3,198,534$2,896,248$2,810,657$3,331,876
60$3,500,718$3,014,098$2,880,748$3,582,492
61$3,832,967$3,136,965$2,952,429$3,855,969
62$4,198,323$3,265,070$3,025,729$4,154,555
63$4,600,140$3,398,645$3,100,678$4,480,724
64$5,042,109$3,537,934$3,177,306$4,837,201
65$5,528,301$3,683,190$3,255,643$5,226,984
66$6,063,200$3,834,678$3,335,719$5,653,374
67$6,651,745$3,992,676$3,417,564$6,120,006
68$7,299,379$4,157,474$3,501,209$6,630,882
69$8,012,101$4,329,375$3,586,685$7,190,411
70$8,796,518$4,508,697$3,674,022$7,803,445
71$9,659,912$4,695,773$3,763,251$8,475,329
72$10,610,307$4,890,949$3,854,403$9,211,950
73$11,656,541$5,094,588$3,947,508$10,019,789
74$12,808,357$5,307,071$4,042,598$10,905,987
75$14,076,487$5,528,796$4,139,704$11,878,407
76$15,472,760$5,760,178$4,238,855$12,945,712
77$17,010,207$6,001,653$4,340,082$14,117,442
78$18,703,190$6,253,676$4,443,417$15,404,105
79$20,567,532$6,516,723$4,548,888$16,817,279
80$22,620,671$6,791,292$4,656,526$18,369,714
81$24,881,820$7,077,906$4,766,360$20,075,458
82$27,372,152$7,377,110$4,878,420$21,949,987
83$30,114,998$7,689,475$4,992,733$24,010,346
84$33,136,068$8,015,599$5,109,330$26,275,318
85$36,463,690$8,356,107$5,228,236$28,765,592
86$40,129,085$8,711,654$5,349,480$31,503,963
87$44,166,651$9,082,925$5,473,087$34,515,543
88$48,614,298$9,470,637$5,599,084$37,827,999
89$53,513,798$9,875,540$5,727,495$41,471,815
90$58,911,184$10,298,420$5,858,344$45,480,576
91$64,857,181$10,740,098$5,991,655$49,891,282
92$71,407,687$11,201,437$6,127,449$54,744,705
93$78,624,299$11,683,335$6,265,747$60,085,762
94$86,574,896$12,186,737$6,406,568$65,963,947
95$95,334,278$12,712,630$6,549,931$72,433,792
96$104,984,873$13,262,047$6,695,852$79,555,382
97$115,617,512$13,836,070$6,844,345$87,394,921
98$127,332,293$14,435,832$6,995,425$96,025,357
99$140,239,518$15,062,519$7,149,103$105,527,067
100$154,460,739$15,717,372$7,305,388$115,988,618