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%11.3%
1 years$221,312$219,341$217,417$215,540$213,707$212,538
2 years$109,560$107,520$105,542$103,625$101,765$100,586
3 years$72,315$70,265$68,293$66,394$64,564$63,411
4 years$53,696$51,653$49,700$47,833$46,048$44,929
5 years$42,527$40,496$38,569$36,740$35,005$33,924
6 years$35,084$33,068$31,170$29,381$27,698$26,657
7 years$29,769$27,771$25,902$24,156$22,526$21,525
8 years$25,785$23,805$21,967$20,264$18,687$17,727
9 years$22,688$20,726$18,920$17,260$15,737$14,817
10 years$20,212$18,269$16,495$14,879$13,409$12,528
11 years$18,187$16,264$14,522$12,949$11,532$10,690
12 years$16,501$14,598$12,888$11,358$9,994$9,189
13 years$15,075$13,192$11,514$10,027$8,715$7,947
14 years$13,855$11,991$10,346$8,901$7,639$6,908
15 years$12,797$10,954$9,341$7,938$6,726$6,031
16 years$11,873$10,050$8,469$7,108$5,945$5,284
17 years$11,059$9,256$7,706$6,386$5,271$4,644
18 years$10,336$8,553$7,035$5,755$4,687$4,092
19 years$9,689$7,927$6,440$5,200$4,177$3,614
20 years$9,108$7,366$5,910$4,710$3,731$3,198
21 years$8,584$6,861$5,436$4,275$3,339$2,835
22 years$8,107$6,404$5,011$3,887$2,993$2,517
23 years$7,672$5,990$4,626$3,540$2,687$2,238
24 years$7,275$5,612$4,279$3,228$2,415$1,992
25 years$6,909$5,267$3,963$2,948$2,173$1,775
26 years$6,573$4,950$3,675$2,696$1,957$1,583
27 years$6,262$4,658$3,413$2,468$1,765$1,412
28 years$5,973$4,390$3,173$2,261$1,592$1,261
29 years$5,705$4,141$2,952$2,073$1,438$1,127
30 years$5,455$3,911$2,750$1,903$1,299$1,008
31 years$5,222$3,697$2,564$1,747$1,175$902
32 years$5,004$3,498$2,392$1,606$1,062$807
33 years$4,799$3,313$2,234$1,477$962$723
34 years$4,607$3,140$2,087$1,359$871$647
35 years$4,427$2,978$1,951$1,251$789$580
36 years$4,256$2,827$1,825$1,152$714$520
37 years$4,096$2,685$1,708$1,061$648$466
38 years$3,944$2,551$1,600$978$587$418
39 years$3,800$2,426$1,499$902$532$375
40 years$3,664$2,308$1,405$832$483$336
41 years$3,535$2,197$1,317$768$438$302
42 years$3,412$2,093$1,236$708$397$271
43 years$3,295$1,994$1,160$654$361$243
44 years$3,184$1,900$1,088$604$327$218
45 years$3,078$1,812$1,022$558$297$196
46 years$2,977$1,729$960$515$270$176
47 years$2,881$1,650$902$476$245$158
48 years$2,789$1,575$847$440$223$142
49 years$2,701$1,504$797$406$202$127
50 years$2,617$1,437$749$376$184$114

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 $2,172 every year, while hoping to spend $35,030 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: 75/18/7 Blend
57$2,680,000$2,680,000$2,680,000$2,680,000
58$2,955,600$2,813,560$2,772,020$3,174,406
59$3,219,800$2,914,153$2,827,611$3,419,246
60$3,509,774$3,018,501$2,883,891$3,682,787
61$3,828,114$3,126,751$2,940,844$3,970,561
62$4,177,676$3,239,056$2,998,457$4,284,957
63$4,561,604$3,355,575$3,056,711$4,628,602
64$4,983,364$3,476,475$3,115,587$5,004,391
65$5,446,773$3,601,927$3,175,064$5,415,509
66$5,956,035$3,732,113$3,235,120$5,865,465
67$6,515,783$3,867,219$3,295,729$6,358,120
68$7,131,121$4,007,440$3,356,864$6,897,728
69$7,807,671$4,152,981$3,418,495$7,488,972
70$8,551,628$4,304,052$3,480,589$8,137,011
71$9,369,817$4,460,874$3,543,112$8,847,523
72$10,269,759$4,623,676$3,606,026$9,626,766
73$11,259,737$4,792,699$3,669,291$10,481,629
74$12,348,881$4,968,192$3,732,863$11,419,701
75$13,547,248$5,150,415$3,796,695$12,449,340
76$14,865,919$5,339,637$3,860,737$13,579,754
77$16,317,107$5,536,143$3,924,935$14,821,083
78$17,914,263$5,740,226$3,989,232$16,184,499
79$19,672,213$5,952,192$4,053,566$17,682,308
80$21,607,291$6,172,362$4,117,873$19,328,066
81$23,737,495$6,401,068$4,182,082$21,136,706
82$26,082,657$6,638,657$4,246,119$23,124,681
83$28,664,630$6,885,493$4,309,905$25,310,113
84$31,507,492$7,141,952$4,373,357$27,712,971
85$34,637,777$7,408,429$4,436,386$30,355,250
86$38,084,721$7,685,333$4,498,896$33,261,188
87$41,880,541$7,973,093$4,560,787$36,457,483
88$46,060,737$8,272,155$4,621,954$39,973,555
89$50,664,427$8,582,986$4,682,285$43,841,813
90$55,734,717$8,906,070$4,741,659$48,097,969
91$61,319,105$9,241,914$4,799,952$52,781,366
92$67,469,934$9,591,048$4,857,030$57,935,356
93$74,244,880$9,954,022$4,912,753$63,607,704
94$81,707,500$10,331,412$4,966,973$69,851,036
95$89,927,831$10,723,817$5,019,533$76,723,341
96$98,983,051$11,131,865$5,070,268$84,288,512
97$108,958,203$11,556,208$5,119,004$92,616,950
98$119,947,007$11,997,529$5,165,557$101,786,229
99$132,052,733$12,456,539$5,209,734$111,881,823
100$145,389,183$12,933,981$5,251,332$122,997,915