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%16.2%
1 years$219,660$217,704$215,795$213,932$212,112$206,733
2 years$108,743$106,717$104,755$102,852$101,006$95,621
3 years$71,775$69,741$67,783$65,898$64,082$58,861
4 years$53,295$51,267$49,329$47,476$45,704$40,686
5 years$42,210$40,194$38,281$36,466$34,743$29,942
6 years$34,822$32,821$30,937$29,162$27,491$22,912
7 years$29,547$27,563$25,709$23,976$22,358$18,001
8 years$25,593$23,627$21,803$20,113$18,548$14,411
9 years$22,519$20,571$18,779$17,132$15,620$11,700
10 years$20,061$18,133$16,372$14,768$13,309$9,601
11 years$18,051$16,143$14,414$12,852$11,446$7,945
12 years$16,378$14,489$12,792$11,273$9,919$6,619
13 years$14,963$13,094$11,429$9,952$8,650$5,543
14 years$13,751$11,902$10,269$8,835$7,582$4,663
15 years$12,702$10,872$9,271$7,879$6,676$3,936
16 years$11,785$9,975$8,406$7,055$5,900$3,333
17 years$10,976$9,187$7,649$6,339$5,232$2,829
18 years$10,259$8,489$6,982$5,712$4,652$2,406
19 years$9,617$7,868$6,392$5,162$4,146$2,050
20 years$9,040$7,311$5,866$4,675$3,703$1,750
21 years$8,519$6,810$5,396$4,243$3,314$1,495
22 years$8,046$6,357$4,973$3,858$2,971$1,278
23 years$7,615$5,945$4,592$3,513$2,667$1,094
24 years$7,220$5,570$4,247$3,204$2,397$937
25 years$6,858$5,227$3,933$2,926$2,157$804
26 years$6,524$4,913$3,648$2,676$1,943$689
27 years$6,215$4,624$3,387$2,449$1,752$592
28 years$5,929$4,357$3,149$2,244$1,580$508
29 years$5,662$4,110$2,930$2,058$1,427$436
30 years$5,415$3,882$2,730$1,888$1,289$375
31 years$5,183$3,669$2,545$1,734$1,166$322
32 years$4,967$3,472$2,374$1,594$1,055$277
33 years$4,764$3,288$2,217$1,466$954$238
34 years$4,573$3,116$2,071$1,349$864$204
35 years$4,394$2,956$1,937$1,242$783$176
36 years$4,225$2,806$1,812$1,143$709$151
37 years$4,065$2,665$1,696$1,053$643$130
38 years$3,914$2,532$1,588$971$583$112
39 years$3,772$2,408$1,488$895$528$96
40 years$3,637$2,291$1,394$826$479$83
41 years$3,508$2,181$1,307$762$435$71
42 years$3,387$2,077$1,226$703$395$61
43 years$3,271$1,979$1,151$649$358$53
44 years$3,160$1,886$1,080$599$325$45
45 years$3,055$1,799$1,014$554$295$39
46 years$2,955$1,716$953$511$268$34
47 years$2,860$1,638$895$472$243$29
48 years$2,768$1,563$841$436$221$25
49 years$2,681$1,493$791$403$201$21
50 years$2,597$1,426$743$373$182$18

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 $4,376 every year, while hoping to spend $30,266 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: 58/37/5 Blend
57$2,660,000$2,660,000$2,660,000$2,660,000
58$2,935,834$2,794,854$2,753,624$3,103,171
59$3,203,086$2,899,599$2,813,667$3,320,645
60$3,496,584$3,008,462$2,874,708$3,553,724
61$3,818,972$3,121,613$2,936,747$3,806,988
62$4,173,164$3,239,229$2,999,786$4,082,366
63$4,562,371$3,361,496$3,063,822$4,381,984
64$4,990,128$3,488,604$3,128,856$4,708,175
65$5,460,332$3,620,757$3,194,883$5,063,509
66$5,977,275$3,758,163$3,261,901$5,450,809
67$6,545,686$3,901,042$3,329,904$5,873,184
68$7,170,774$4,049,622$3,398,884$6,334,051
69$7,858,281$4,204,141$3,468,834$6,837,172
70$8,614,530$4,364,848$3,539,745$7,386,685
71$9,446,490$4,532,004$3,611,604$7,987,144
72$10,361,838$4,705,878$3,684,399$8,643,562
73$11,369,033$4,886,753$3,758,114$9,361,453
74$12,477,397$5,074,926$3,832,733$10,146,890
75$13,697,198$5,270,704$3,908,236$11,006,554
76$15,039,753$5,474,409$3,984,602$11,947,803
77$16,517,529$5,686,377$4,061,808$12,978,735
78$18,144,266$5,906,959$4,139,828$14,108,267
79$19,935,102$6,136,520$4,218,633$15,346,214
80$21,906,717$6,375,444$4,298,191$16,703,384
81$24,077,490$6,624,130$4,378,469$18,191,681
82$26,467,676$6,882,994$4,459,430$19,824,207
83$29,099,591$7,152,472$4,541,032$21,615,394
84$31,997,825$7,433,019$4,623,233$23,581,135
85$35,189,477$7,725,111$4,705,985$25,738,931
86$38,704,406$8,029,243$4,789,238$28,108,057
87$42,575,513$8,345,934$4,872,935$30,709,741
88$46,839,056$8,675,726$4,957,019$33,567,366
89$51,534,987$9,019,184$5,041,427$36,706,682
90$56,707,331$9,376,899$5,126,090$40,156,055
91$62,404,601$9,749,489$5,210,936$43,946,730
92$68,680,256$10,137,600$5,295,888$48,113,121
93$75,593,205$10,541,905$5,380,863$52,693,138
94$83,208,363$10,963,109$5,465,773$57,728,542
95$91,597,263$11,401,949$5,550,523$63,265,335
96$100,838,734$11,859,194$5,635,015$69,354,194
97$111,019,638$12,335,648$5,719,142$76,050,947
98$122,235,698$12,832,152$5,802,790$83,417,095
99$134,592,396$13,349,584$5,885,841$91,520,393
100$148,205,971$13,888,864$5,968,166$100,435,487