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%14.4%
1 years$221,312$219,341$217,417$215,540$213,707$209,821
2 years$109,560$107,520$105,542$103,625$101,765$97,864
3 years$72,315$70,265$68,293$66,394$64,564$60,770
4 years$53,696$51,653$49,700$47,833$46,048$42,389
5 years$42,527$40,496$38,569$36,740$35,005$31,492
6 years$35,084$33,068$31,170$29,381$27,698$24,335
7 years$29,769$27,771$25,902$24,156$22,526$19,314
8 years$25,785$23,805$21,967$20,264$18,687$15,626
9 years$22,688$20,726$18,920$17,260$15,737$12,824
10 years$20,212$18,269$16,495$14,879$13,409$10,641
11 years$18,187$16,264$14,522$12,949$11,532$8,907
12 years$16,501$14,598$12,888$11,358$9,994$7,507
13 years$15,075$13,192$11,514$10,027$8,715$6,363
14 years$13,855$11,991$10,346$8,901$7,639$5,419
15 years$12,797$10,954$9,341$7,938$6,726$4,632
16 years$11,873$10,050$8,469$7,108$5,945$3,972
17 years$11,059$9,256$7,706$6,386$5,271$3,416
18 years$10,336$8,553$7,035$5,755$4,687$2,944
19 years$9,689$7,927$6,440$5,200$4,177$2,542
20 years$9,108$7,366$5,910$4,710$3,731$2,199
21 years$8,584$6,861$5,436$4,275$3,339$1,905
22 years$8,107$6,404$5,011$3,887$2,993$1,652
23 years$7,672$5,990$4,626$3,540$2,687$1,434
24 years$7,275$5,612$4,279$3,228$2,415$1,246
25 years$6,909$5,267$3,963$2,948$2,173$1,084
26 years$6,573$4,950$3,675$2,696$1,957$943
27 years$6,262$4,658$3,413$2,468$1,765$821
28 years$5,973$4,390$3,173$2,261$1,592$715
29 years$5,705$4,141$2,952$2,073$1,438$623
30 years$5,455$3,911$2,750$1,903$1,299$543
31 years$5,222$3,697$2,564$1,747$1,175$474
32 years$5,004$3,498$2,392$1,606$1,062$414
33 years$4,799$3,313$2,234$1,477$962$361
34 years$4,607$3,140$2,087$1,359$871$315
35 years$4,427$2,978$1,951$1,251$789$275
36 years$4,256$2,827$1,825$1,152$714$240
37 years$4,096$2,685$1,708$1,061$648$210
38 years$3,944$2,551$1,600$978$587$183
39 years$3,800$2,426$1,499$902$532$160
40 years$3,664$2,308$1,405$832$483$140
41 years$3,535$2,197$1,317$768$438$122
42 years$3,412$2,093$1,236$708$397$107
43 years$3,295$1,994$1,160$654$361$93
44 years$3,184$1,900$1,088$604$327$81
45 years$3,078$1,812$1,022$558$297$71
46 years$2,977$1,729$960$515$270$62
47 years$2,881$1,650$902$476$245$54
48 years$2,789$1,575$847$440$223$47
49 years$2,701$1,504$797$406$202$41
50 years$2,617$1,437$749$376$184$36

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 $2,338 every year, while hoping to spend $50,521 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: 52/31/17 Blend
57$2,680,000$2,680,000$2,680,000$2,680,000
58$2,955,772$2,813,732$2,772,192$3,095,655
59$3,203,506$2,897,851$2,811,306$3,275,996
60$3,474,817$2,984,398$2,850,038$3,466,542
61$3,772,054$3,073,440$2,888,320$3,672,681
62$4,097,809$3,165,043$2,926,083$3,895,908
63$4,454,931$3,259,276$2,963,254$4,137,865
64$4,846,564$3,356,210$2,999,752$4,400,363
65$5,276,165$3,455,917$3,035,496$4,685,391
66$5,747,547$3,558,469$3,070,397$4,995,143
67$6,264,905$3,663,943$3,104,364$5,332,033
68$6,832,864$3,772,414$3,137,299$5,698,717
69$7,456,516$3,883,963$3,169,099$6,098,122
70$8,141,472$3,998,668$3,199,655$6,533,469
71$8,893,912$4,116,613$3,228,853$7,008,307
72$9,720,644$4,237,880$3,256,572$7,526,544
73$10,629,168$4,362,555$3,282,686$8,092,484
74$11,627,748$4,490,725$3,307,061$8,710,866
75$12,725,487$4,622,479$3,329,557$9,386,911
76$13,932,415$4,757,908$3,350,024$10,126,370
77$15,259,580$4,897,104$3,368,309$10,935,578
78$16,719,156$5,040,162$3,384,247$11,821,514
79$18,324,558$5,187,177$3,397,666$12,791,864
80$20,090,561$5,338,247$3,408,386$13,855,098
81$22,033,449$5,493,472$3,416,218$15,020,544
82$24,171,162$5,652,953$3,420,963$16,298,482
83$26,523,466$5,816,793$3,422,410$17,700,235
84$29,112,141$5,985,097$3,420,342$19,238,280
85$31,961,183$6,157,972$3,414,528$20,926,363
86$35,097,036$6,335,524$3,404,727$22,779,629
87$38,548,834$6,517,865$3,390,685$24,814,765
88$42,348,680$6,705,105$3,372,138$27,050,157
89$46,531,948$6,897,358$3,348,807$29,506,064
90$51,137,616$7,094,738$3,320,402$32,204,808
91$56,208,633$7,297,361$3,286,616$35,170,987
92$61,792,327$7,505,344$3,247,130$38,431,700
93$67,940,844$7,718,807$3,201,610$42,016,814
94$74,711,651$7,937,868$3,149,704$45,959,233
95$82,168,066$8,162,650$3,091,045$50,295,218
96$90,379,864$8,393,275$3,025,251$55,064,726
97$99,423,930$8,629,867$2,951,917$60,311,786
98$109,384,990$8,872,548$2,870,625$66,084,913
99$120,356,401$9,121,446$2,780,933$72,437,571
100$132,441,042$9,376,685$2,682,383$79,428,673