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%13.5%
1 years$218,835$216,885$214,983$213,127$211,315$208,243
2 years$108,334$106,316$104,361$102,465$100,626$97,538
3 years$71,505$69,479$67,528$65,650$63,841$60,832
4 years$53,094$51,074$49,143$47,297$45,532$42,626
5 years$42,051$40,043$38,137$36,329$34,613$31,818
6 years$34,691$32,698$30,821$29,053$27,388$24,707
7 years$29,436$27,460$25,612$23,886$22,274$19,708
8 years$25,496$23,538$21,721$20,037$18,478$16,028
9 years$22,434$20,494$18,708$17,067$15,561$13,224
10 years$19,985$18,065$16,310$14,712$13,259$11,034
11 years$17,983$16,082$14,359$12,804$11,403$9,288
12 years$16,316$14,434$12,744$11,231$9,882$7,874
13 years$14,907$13,044$11,386$9,915$8,617$6,714
14 years$13,699$11,857$10,230$8,801$7,554$5,752
15 years$12,654$10,831$9,236$7,849$6,651$4,947
16 years$11,740$9,938$8,374$7,028$5,878$4,269
17 years$10,935$9,152$7,620$6,315$5,212$3,695
18 years$10,220$8,457$6,956$5,691$4,634$3,205
19 years$9,581$7,838$6,368$5,142$4,131$2,786
20 years$9,007$7,283$5,844$4,657$3,689$2,426
21 years$8,487$6,784$5,376$4,227$3,302$2,116
22 years$8,016$6,333$4,954$3,843$2,959$1,848
23 years$7,587$5,923$4,575$3,500$2,657$1,615
24 years$7,193$5,549$4,231$3,192$2,388$1,414
25 years$6,832$5,208$3,918$2,915$2,149$1,238
26 years$6,499$4,895$3,634$2,666$1,935$1,085
27 years$6,192$4,606$3,375$2,440$1,745$952
28 years$5,906$4,341$3,137$2,235$1,575$835
29 years$5,641$4,095$2,919$2,050$1,422$733
30 years$5,394$3,867$2,719$1,881$1,285$644
31 years$5,164$3,656$2,535$1,728$1,161$566
32 years$4,948$3,459$2,365$1,588$1,051$497
33 years$4,746$3,276$2,209$1,460$951$437
34 years$4,556$3,105$2,064$1,344$861$385
35 years$4,377$2,945$1,929$1,237$780$338
36 years$4,209$2,795$1,805$1,139$706$298
37 years$4,050$2,655$1,689$1,050$640$262
38 years$3,900$2,523$1,582$967$580$230
39 years$3,758$2,399$1,482$892$526$203
40 years$3,623$2,282$1,389$823$477$179
41 years$3,495$2,173$1,303$759$433$157
42 years$3,374$2,069$1,222$701$393$138
43 years$3,258$1,971$1,147$647$357$122
44 years$3,149$1,879$1,076$597$324$107
45 years$3,044$1,792$1,011$551$294$95
46 years$2,944$1,710$949$509$267$83
47 years$2,849$1,631$892$471$242$73
48 years$2,758$1,557$838$435$220$65
49 years$2,671$1,487$788$402$200$57
50 years$2,587$1,421$740$371$182$50

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 $5,871 every year, while hoping to spend $58,296 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: 49/26/25 Blend
57$2,650,000$2,650,000$2,650,000$2,650,000
58$2,926,356$2,785,906$2,744,831$3,048,767
59$3,162,818$2,860,389$2,774,756$3,209,338
60$3,421,445$2,936,568$2,803,730$3,377,394
61$3,704,436$3,014,464$2,831,660$3,558,808
62$4,014,214$3,094,098$2,858,446$3,754,870
63$4,353,445$3,175,490$2,883,985$3,966,998
64$4,725,066$3,258,658$2,908,167$4,196,755
65$5,132,310$3,343,620$2,930,878$4,445,861
66$5,578,740$3,430,391$2,951,997$4,716,214
67$6,068,278$3,518,987$2,971,396$5,009,903
68$6,605,245$3,609,420$2,988,940$5,329,230
69$7,194,400$3,701,701$3,004,489$5,676,732
70$7,840,984$3,795,840$3,017,895$6,055,203
71$8,550,772$3,891,843$3,029,001$6,467,723
72$9,330,123$3,989,716$3,037,645$6,917,686
73$10,186,043$4,089,460$3,043,655$7,408,831
74$11,126,252$4,191,076$3,046,849$7,945,279
75$12,159,251$4,294,560$3,047,040$8,531,572
76$13,294,406$4,399,905$3,044,027$9,172,715
77$14,542,037$4,507,102$3,037,604$9,874,223
78$15,913,511$4,616,136$3,027,550$10,642,176
79$17,421,354$4,726,992$3,013,638$11,483,271
80$19,079,364$4,839,646$2,995,627$12,404,893
81$20,902,744$4,954,073$2,973,264$13,415,179
82$22,908,242$5,070,241$2,946,287$14,523,097
83$25,114,314$5,188,115$2,914,419$15,738,530
84$27,541,293$5,307,651$2,877,371$17,072,372
85$30,211,581$5,428,802$2,834,839$18,536,629
86$33,149,862$5,551,513$2,786,506$20,144,533
87$36,383,334$5,675,723$2,732,040$21,910,669
88$39,941,964$5,801,363$2,671,093$23,851,109
89$43,858,771$5,928,357$2,603,301$25,983,569
90$48,170,139$6,056,619$2,528,285$28,327,573
91$52,916,155$6,186,056$2,445,645$30,904,641
92$58,140,995$6,316,565$2,354,966$33,738,490
93$63,893,331$6,448,031$2,255,812$36,855,260
94$70,226,797$6,580,330$2,147,727$40,283,761
95$77,200,491$6,713,328$2,030,237$44,055,745
96$84,879,534$6,846,874$1,902,844$48,206,207
97$93,335,685$6,980,809$1,765,027$52,773,718
98$102,648,014$7,114,958$1,616,245$57,800,787
99$112,903,652$7,249,131$1,455,929$63,334,264
100$124,198,608$7,383,123$1,283,487$69,425,786