Can I retire at age 58 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$221,312$219,341$217,417$215,540$213,707$208,965
2 years$109,560$107,520$105,542$103,625$101,765$97,013
3 years$72,315$70,265$68,293$66,394$64,564$59,949
4 years$53,696$51,653$49,700$47,833$46,048$41,606
5 years$42,527$40,496$38,569$36,740$35,005$30,748
6 years$35,084$33,068$31,170$29,381$27,698$23,632
7 years$29,769$27,771$25,902$24,156$22,526$18,650
8 years$25,785$23,805$21,967$20,264$18,687$15,001
9 years$22,688$20,726$18,920$17,260$15,737$12,238
10 years$20,212$18,269$16,495$14,879$13,409$10,093
11 years$18,187$16,264$14,522$12,949$11,532$8,395
12 years$16,501$14,598$12,888$11,358$9,994$7,030
13 years$15,075$13,192$11,514$10,027$8,715$5,919
14 years$13,855$11,991$10,346$8,901$7,639$5,006
15 years$12,797$10,954$9,341$7,938$6,726$4,250
16 years$11,873$10,050$8,469$7,108$5,945$3,619
17 years$11,059$9,256$7,706$6,386$5,271$3,090
18 years$10,336$8,553$7,035$5,755$4,687$2,643
19 years$9,689$7,927$6,440$5,200$4,177$2,266
20 years$9,108$7,366$5,910$4,710$3,731$1,945
21 years$8,584$6,861$5,436$4,275$3,339$1,672
22 years$8,107$6,404$5,011$3,887$2,993$1,439
23 years$7,672$5,990$4,626$3,540$2,687$1,240
24 years$7,275$5,612$4,279$3,228$2,415$1,069
25 years$6,909$5,267$3,963$2,948$2,173$922
26 years$6,573$4,950$3,675$2,696$1,957$796
27 years$6,262$4,658$3,413$2,468$1,765$687
28 years$5,973$4,390$3,173$2,261$1,592$594
29 years$5,705$4,141$2,952$2,073$1,438$513
30 years$5,455$3,911$2,750$1,903$1,299$444
31 years$5,222$3,697$2,564$1,747$1,175$384
32 years$5,004$3,498$2,392$1,606$1,062$332
33 years$4,799$3,313$2,234$1,477$962$288
34 years$4,607$3,140$2,087$1,359$871$249
35 years$4,427$2,978$1,951$1,251$789$215
36 years$4,256$2,827$1,825$1,152$714$187
37 years$4,096$2,685$1,708$1,061$648$161
38 years$3,944$2,551$1,600$978$587$140
39 years$3,800$2,426$1,499$902$532$121
40 years$3,664$2,308$1,405$832$483$105
41 years$3,535$2,197$1,317$768$438$91
42 years$3,412$2,093$1,236$708$397$79
43 years$3,295$1,994$1,160$654$361$68
44 years$3,184$1,900$1,088$604$327$59
45 years$3,078$1,812$1,022$558$297$51
46 years$2,977$1,729$960$515$270$44
47 years$2,881$1,650$902$476$245$38
48 years$2,789$1,575$847$440$223$33
49 years$2,701$1,504$797$406$202$29
50 years$2,617$1,437$749$376$184$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,680,000, adding $2,739 every year, while hoping to spend $32,341 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: 30/46/24 Blend
57$2,680,000$2,680,000$2,680,000$2,680,000
58$2,956,185$2,814,145$2,772,605$3,022,797
59$3,223,306$2,917,628$2,831,077$3,177,823
60$3,516,588$3,025,097$2,890,424$3,341,427
61$3,838,668$3,136,714$2,950,640$3,516,770
62$4,192,446$3,252,647$3,011,721$3,704,893
63$4,581,120$3,373,072$3,073,658$3,906,934
64$5,008,212$3,498,169$3,136,443$4,124,143
65$5,477,601$3,628,131$3,200,065$4,357,893
66$5,993,562$3,763,156$3,264,513$4,609,690
67$6,560,805$3,903,450$3,329,774$4,881,188
68$7,184,517$4,049,229$3,395,831$5,174,201
69$7,870,415$4,200,718$3,462,669$5,490,725
70$8,624,796$4,358,153$3,530,268$5,832,949
71$9,454,600$4,521,777$3,598,606$6,203,281
72$10,367,471$4,691,845$3,667,661$6,604,366
73$11,371,832$4,868,625$3,737,407$7,039,111
74$12,476,966$5,052,394$3,807,817$7,510,710
75$13,693,096$5,243,442$3,878,859$8,022,678
76$15,031,492$5,442,071$3,950,501$8,578,877
77$16,504,568$5,648,596$4,022,706$9,183,555
78$18,126,003$5,863,346$4,095,436$9,841,383
79$19,910,871$6,086,665$4,168,648$10,557,499
80$21,875,779$6,318,912$4,242,298$11,337,558
81$24,039,029$6,560,459$4,316,335$12,187,776
82$26,420,787$6,811,698$4,390,709$13,114,996
83$29,043,271$7,073,035$4,465,362$14,126,748
84$31,930,967$7,344,896$4,540,234$15,231,315
85$35,110,854$7,627,725$4,615,260$16,437,815
86$38,612,663$7,921,985$4,690,373$17,756,285
87$42,469,151$8,228,159$4,765,497$19,197,768
88$46,716,418$8,546,752$4,840,555$20,774,424
89$51,394,242$8,878,292$4,915,463$22,499,637
90$56,546,456$9,223,330$4,990,132$24,388,142
91$62,221,360$9,582,439$5,064,467$26,456,162
92$68,472,181$9,956,220$5,138,368$28,721,557
93$75,357,569$10,345,300$5,211,729$31,203,994
94$82,942,154$10,750,334$5,284,436$33,925,127
95$91,297,159$11,172,004$5,356,369$36,908,803
96$100,501,063$11,611,027$5,427,401$40,181,281
97$110,640,350$12,068,146$5,497,398$43,771,479
98$121,810,323$12,544,142$5,566,218$47,711,244
99$134,115,999$13,039,828$5,633,710$52,035,653
100$147,673,107$13,556,056$5,699,715$56,783,334