Can I retire at age 58 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$220,486$218,522$216,606$214,736$212,910$211,834
2 years$109,152$107,119$105,149$103,238$101,385$100,300
3 years$72,045$70,003$68,038$66,146$64,323$63,262
4 years$53,495$51,460$49,514$47,654$45,876$44,846
5 years$42,368$40,345$38,425$36,603$34,874$33,879
6 years$34,953$32,945$31,053$29,272$27,595$26,636
7 years$29,658$27,667$25,805$24,066$22,442$21,520
8 years$25,689$23,716$21,885$20,188$18,618$17,732
9 years$22,603$20,649$18,850$17,196$15,679$14,830
10 years$20,136$18,201$16,433$14,823$13,359$12,547
11 years$18,119$16,203$14,468$12,901$11,489$10,712
12 years$16,439$14,543$12,840$11,316$9,956$9,214
13 years$15,019$13,143$11,471$9,990$8,682$7,974
14 years$13,803$11,946$10,307$8,868$7,611$6,936
15 years$12,750$10,913$9,306$7,909$6,701$6,059
16 years$11,829$10,013$8,437$7,081$5,922$5,312
17 years$11,018$9,221$7,678$6,362$5,251$4,672
18 years$10,297$8,521$7,009$5,734$4,669$4,120
19 years$9,653$7,897$6,416$5,181$4,162$3,641
20 years$9,074$7,338$5,888$4,692$3,717$3,224
21 years$8,552$6,835$5,416$4,259$3,327$2,861
22 years$8,077$6,381$4,992$3,872$2,982$2,542
23 years$7,644$5,968$4,609$3,526$2,677$2,261
24 years$7,248$5,591$4,263$3,216$2,406$2,014
25 years$6,884$5,247$3,948$2,937$2,165$1,796
26 years$6,548$4,931$3,662$2,686$1,950$1,603
27 years$6,238$4,641$3,400$2,458$1,758$1,432
28 years$5,951$4,373$3,161$2,252$1,586$1,280
29 years$5,684$4,126$2,941$2,065$1,432$1,145
30 years$5,435$3,896$2,740$1,896$1,294$1,024
31 years$5,203$3,683$2,554$1,741$1,170$917
32 years$4,985$3,485$2,383$1,600$1,059$822
33 years$4,782$3,300$2,225$1,471$958$736
34 years$4,590$3,128$2,079$1,354$867$660
35 years$4,410$2,967$1,944$1,246$786$592
36 years$4,241$2,816$1,818$1,148$712$531
37 years$4,080$2,675$1,702$1,057$645$476
38 years$3,929$2,542$1,594$975$585$428
39 years$3,786$2,417$1,493$899$530$384
40 years$3,650$2,300$1,400$829$481$345
41 years$3,522$2,189$1,312$765$436$309
42 years$3,399$2,085$1,231$706$396$278
43 years$3,283$1,986$1,155$652$359$250
44 years$3,172$1,893$1,084$602$326$224
45 years$3,067$1,806$1,018$556$296$201
46 years$2,966$1,722$956$513$269$181
47 years$2,870$1,644$898$474$244$163
48 years$2,779$1,569$844$438$222$146
49 years$2,691$1,498$794$405$201$131
50 years$2,607$1,431$746$374$183$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,670,000, adding $5,768 every year, while hoping to spend $30,032 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: 47/41/12 Blend
57$2,670,000$2,670,000$2,670,000$2,670,000
58$2,948,290$2,806,780$2,765,395$3,076,741
59$3,217,061$2,912,358$2,826,082$3,271,614
60$3,512,241$3,022,103$2,887,795$3,479,426
61$3,836,491$3,136,188$2,950,537$3,704,291
62$4,192,744$3,254,791$3,014,311$3,947,805
63$4,584,229$3,378,102$3,079,116$4,211,722
64$5,014,507$3,506,315$3,144,953$4,497,970
65$5,487,498$3,639,635$3,211,820$4,808,668
66$6,007,521$3,778,276$3,279,714$5,146,145
67$6,579,336$3,922,459$3,348,632$5,512,960
68$7,208,186$4,072,418$3,418,569$5,911,929
69$7,899,848$4,228,393$3,489,519$6,346,147
70$8,660,688$4,390,639$3,561,472$6,819,019
71$9,497,717$4,559,420$3,634,420$7,334,289
72$10,418,662$4,735,010$3,708,352$7,896,078
73$11,432,038$4,917,698$3,783,254$8,508,916
74$12,547,224$5,107,783$3,859,111$9,177,789
75$13,774,557$5,305,580$3,935,907$9,908,183
76$15,125,424$5,511,416$4,013,622$10,706,137
77$16,612,374$5,725,632$4,092,236$11,578,293
78$18,249,234$5,948,586$4,171,723$12,531,963
79$20,051,239$6,180,650$4,252,060$13,575,196
80$22,035,178$6,422,214$4,333,216$14,716,851
81$24,219,547$6,673,684$4,415,160$15,966,680
82$26,624,731$6,935,484$4,497,857$17,335,418
83$29,273,189$7,208,058$4,581,271$18,834,885
84$32,189,671$7,491,870$4,665,361$20,478,094
85$35,401,449$7,787,403$4,750,082$22,279,372
86$38,938,574$8,095,163$4,835,386$24,254,497
87$42,834,160$8,415,677$4,921,223$26,420,840
88$47,124,697$8,749,498$5,007,537$28,797,531
89$51,850,395$9,097,202$5,094,268$31,405,638
90$57,055,561$9,459,392$5,181,353$34,268,360
91$62,789,023$9,836,696$5,268,722$37,411,249
92$69,104,581$10,229,772$5,356,302$40,862,445
93$76,061,526$10,639,309$5,444,016$44,652,942
94$83,725,190$11,066,023$5,531,778$48,816,878
95$92,167,567$11,510,666$5,619,501$53,391,854
96$101,467,992$11,974,022$5,707,088$58,419,285
97$111,713,890$12,456,912$5,794,438$63,944,793
98$123,001,599$12,960,192$5,881,443$70,018,631
99$135,437,280$13,484,759$5,967,990$76,696,155
100$149,137,920$14,031,550$6,053,955$84,038,346