Can I retire at age 58 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$219,660$217,704$215,795$213,932$212,112$208,770
2 years$108,743$106,717$104,755$102,852$101,006$97,647
3 years$71,775$69,741$67,783$65,898$64,082$60,812
4 years$53,295$51,267$49,329$47,476$45,704$42,547
5 years$42,210$40,194$38,281$36,466$34,743$31,709
6 years$34,822$32,821$30,937$29,162$27,491$24,583
7 years$29,547$27,563$25,709$23,976$22,358$19,576
8 years$25,593$23,627$21,803$20,113$18,548$15,893
9 years$22,519$20,571$18,779$17,132$15,620$13,090
10 years$20,061$18,133$16,372$14,768$13,309$10,902
11 years$18,051$16,143$14,414$12,852$11,446$9,160
12 years$16,378$14,489$12,792$11,273$9,919$7,750
13 years$14,963$13,094$11,429$9,952$8,650$6,595
14 years$13,751$11,902$10,269$8,835$7,582$5,639
15 years$12,702$10,872$9,271$7,879$6,676$4,840
16 years$11,785$9,975$8,406$7,055$5,900$4,168
17 years$10,976$9,187$7,649$6,339$5,232$3,600
18 years$10,259$8,489$6,982$5,712$4,652$3,116
19 years$9,617$7,868$6,392$5,162$4,146$2,703
20 years$9,040$7,311$5,866$4,675$3,703$2,348
21 years$8,519$6,810$5,396$4,243$3,314$2,043
22 years$8,046$6,357$4,973$3,858$2,971$1,780
23 years$7,615$5,945$4,592$3,513$2,667$1,553
24 years$7,220$5,570$4,247$3,204$2,397$1,356
25 years$6,858$5,227$3,933$2,926$2,157$1,184
26 years$6,524$4,913$3,648$2,676$1,943$1,036
27 years$6,215$4,624$3,387$2,449$1,752$906
28 years$5,929$4,357$3,149$2,244$1,580$793
29 years$5,662$4,110$2,930$2,058$1,427$695
30 years$5,415$3,882$2,730$1,888$1,289$609
31 years$5,183$3,669$2,545$1,734$1,166$533
32 years$4,967$3,472$2,374$1,594$1,055$468
33 years$4,764$3,288$2,217$1,466$954$410
34 years$4,573$3,116$2,071$1,349$864$360
35 years$4,394$2,956$1,937$1,242$783$316
36 years$4,225$2,806$1,812$1,143$709$277
37 years$4,065$2,665$1,696$1,053$643$243
38 years$3,914$2,532$1,588$971$583$213
39 years$3,772$2,408$1,488$895$528$187
40 years$3,637$2,291$1,394$826$479$165
41 years$3,508$2,181$1,307$762$435$145
42 years$3,387$2,077$1,226$703$395$127
43 years$3,271$1,979$1,151$649$358$111
44 years$3,160$1,886$1,080$599$325$98
45 years$3,055$1,799$1,014$554$295$86
46 years$2,955$1,716$953$511$268$76
47 years$2,860$1,638$895$472$243$66
48 years$2,768$1,563$841$436$221$58
49 years$2,681$1,493$791$403$201$51
50 years$2,597$1,426$743$373$182$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,660,000, adding $3,023 every year, while hoping to spend $44,191 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: 49/21/30 Blend
57$2,660,000$2,660,000$2,660,000$2,660,000
58$2,934,438$2,793,458$2,752,228$3,053,018
59$3,186,732$2,883,319$2,797,409$3,226,581
60$3,463,279$2,976,101$2,842,622$3,410,472
61$3,766,505$3,071,903$2,887,822$3,609,434
62$4,099,085$3,170,822$2,932,961$3,824,918
63$4,463,963$3,272,963$2,977,986$4,058,519
64$4,864,381$3,378,433$3,022,843$4,311,997
65$5,303,913$3,487,341$3,067,472$4,587,286
66$5,786,493$3,599,801$3,111,813$4,886,516
67$6,316,455$3,715,932$3,155,800$5,212,035
68$6,898,576$3,835,855$3,199,361$5,566,426
69$7,538,115$3,959,696$3,242,424$5,952,535
70$8,240,867$4,087,585$3,284,910$6,373,495
71$9,013,217$4,219,659$3,326,736$6,832,757
72$9,862,198$4,356,054$3,367,814$7,334,124
73$10,795,558$4,496,917$3,408,051$7,881,782
74$11,821,834$4,642,395$3,447,351$8,480,343
75$12,950,432$4,792,644$3,485,608$9,134,889
76$14,191,715$4,947,822$3,522,714$9,851,017
77$15,557,099$5,108,094$3,558,554$10,634,892
78$17,059,164$5,273,631$3,593,006$11,493,307
79$18,711,769$5,444,610$3,625,943$12,433,746
80$20,530,186$5,621,212$3,657,228$13,464,452
81$22,531,241$5,803,628$3,686,721$14,594,510
82$24,733,473$5,992,051$3,714,272$15,833,927
83$27,157,311$6,186,685$3,739,723$17,193,731
84$29,825,262$6,387,737$3,762,910$18,686,069
85$32,762,128$6,595,426$3,783,656$20,324,328
86$35,995,237$6,809,974$3,801,781$22,123,258
87$39,554,701$7,031,613$3,817,091$24,099,110
88$43,473,701$7,260,583$3,829,384$26,269,791
89$47,788,799$7,497,131$3,838,448$28,655,033
90$52,540,281$7,741,515$3,844,061$31,276,578
91$57,772,540$7,994,000$3,845,988$34,158,383
92$63,534,495$8,254,861$3,843,983$37,326,848
93$69,880,047$8,524,383$3,837,790$40,811,062
94$76,868,593$8,802,859$3,827,138$44,643,079
95$84,565,586$9,090,596$3,811,744$48,858,222
96$93,043,149$9,387,909$3,791,311$53,495,414
97$102,380,758$9,695,123$3,765,527$58,597,546
98$112,665,989$10,012,578$3,734,066$64,211,882
99$123,995,350$10,340,624$3,696,587$70,390,504
100$136,475,184$10,679,623$3,652,731$77,190,805