Can I retire at age 58 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$222,138$220,159$218,229$216,344$214,504$212,885
2 years$109,969$107,921$105,936$104,012$102,145$100,512
3 years$72,585$70,528$68,548$66,641$64,805$63,210
4 years$53,896$51,845$49,885$48,011$46,219$44,674
5 years$42,686$40,647$38,713$36,877$35,135$33,644
6 years$35,215$33,192$31,286$29,491$27,801$26,366
7 years$29,880$27,874$25,999$24,246$22,610$21,231
8 years$25,881$23,893$22,049$20,340$18,757$17,435
9 years$22,773$20,803$18,991$17,325$15,796$14,530
10 years$20,287$18,337$16,557$14,934$13,459$12,249
11 years$18,255$16,325$14,576$12,997$11,575$10,420
12 years$16,562$14,652$12,936$11,400$10,031$8,929
13 years$15,132$13,241$11,557$10,065$8,747$7,698
14 years$13,906$12,036$10,384$8,934$7,668$6,670
15 years$12,845$10,995$9,376$7,968$6,751$5,803
16 years$11,918$10,088$8,500$7,134$5,967$5,067
17 years$11,100$9,290$7,735$6,410$5,291$4,438
18 years$10,374$8,585$7,061$5,777$4,704$3,897
19 years$9,726$7,956$6,464$5,220$4,193$3,429
20 years$9,142$7,393$5,932$4,728$3,745$3,024
21 years$8,616$6,887$5,457$4,291$3,352$2,671
22 years$8,137$6,428$5,029$3,901$3,004$2,362
23 years$7,701$6,012$4,644$3,553$2,697$2,092
24 years$7,302$5,633$4,295$3,240$2,424$1,855
25 years$6,935$5,286$3,978$2,959$2,181$1,646
26 years$6,597$4,968$3,689$2,706$1,965$1,463
27 years$6,285$4,676$3,426$2,477$1,771$1,300
28 years$5,995$4,406$3,185$2,269$1,598$1,157
29 years$5,726$4,157$2,963$2,081$1,443$1,030
30 years$5,476$3,925$2,760$1,910$1,304$917
31 years$5,242$3,711$2,573$1,754$1,179$817
32 years$5,023$3,511$2,401$1,612$1,066$728
33 years$4,817$3,325$2,242$1,482$965$649
34 years$4,625$3,152$2,095$1,364$874$579
35 years$4,443$2,989$1,958$1,256$791$517
36 years$4,272$2,837$1,832$1,156$717$461
37 years$4,111$2,695$1,715$1,065$650$412
38 years$3,959$2,561$1,606$982$589$368
39 years$3,814$2,435$1,504$905$534$328
40 years$3,678$2,317$1,410$835$485$293
41 years$3,548$2,205$1,322$771$440$262
42 years$3,425$2,100$1,240$711$399$234
43 years$3,308$2,001$1,164$656$362$209
44 years$3,196$1,908$1,092$606$329$187
45 years$3,090$1,819$1,026$560$298$167
46 years$2,989$1,735$963$517$271$149
47 years$2,892$1,656$905$478$246$134
48 years$2,799$1,581$851$441$223$119
49 years$2,711$1,510$799$408$203$107
50 years$2,626$1,442$752$377$184$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,690,000, adding $2,737 every year, while hoping to spend $58,449 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: 40/39/21 Blend
57$2,690,000$2,690,000$2,690,000$2,690,000
58$2,967,203$2,824,633$2,782,938$3,067,335
59$3,207,669$2,900,851$2,813,977$3,215,602
60$3,470,703$2,978,844$2,844,097$3,370,124
61$3,758,545$3,058,639$2,873,206$3,536,102
62$4,073,664$3,140,259$2,901,205$3,714,615
63$4,418,774$3,223,728$2,927,992$3,906,845
64$4,796,868$3,309,070$2,953,459$4,114,099
65$5,211,240$3,396,306$2,977,491$4,337,812
66$5,665,519$3,485,457$2,999,969$4,579,567
67$6,163,700$3,576,542$3,020,766$4,841,106
68$6,710,184$3,669,580$3,039,749$5,124,347
69$7,309,821$3,764,587$3,056,778$5,431,404
70$7,967,949$3,861,579$3,071,707$5,764,606
71$8,690,451$3,960,567$3,084,380$6,126,517
72$9,483,806$4,061,563$3,094,635$6,519,963
73$10,355,151$4,164,577$3,102,303$6,948,056
74$11,312,349$4,269,614$3,107,203$7,414,226
75$12,364,062$4,376,679$3,109,148$7,922,254
76$13,519,832$4,485,772$3,107,940$8,476,302
77$14,790,172$4,596,892$3,103,373$9,080,959
78$16,186,663$4,710,033$3,095,229$9,741,281
79$17,722,065$4,825,187$3,083,282$10,462,840
80$19,410,435$4,942,340$3,067,291$11,251,775
81$21,267,262$5,061,477$3,047,007$12,114,854
82$23,309,609$5,182,576$3,022,169$13,059,532
83$25,556,278$5,305,611$2,992,500$14,094,027
84$28,027,983$5,430,551$2,957,714$15,227,395
85$30,747,549$5,557,359$2,917,509$16,469,617
86$33,740,122$5,685,994$2,871,569$17,831,692
87$37,033,413$5,816,406$2,819,564$19,325,744
88$40,657,951$5,948,539$2,761,150$20,965,131
89$44,647,376$6,082,332$2,695,962$22,764,580
90$49,038,755$6,217,713$2,623,624$24,740,319
91$53,872,932$6,354,605$2,543,739$26,910,233
92$59,194,910$6,492,919$2,455,893$29,294,035
93$65,054,278$6,632,559$2,359,653$31,913,450
94$71,505,678$6,773,418$2,254,565$34,792,423
95$78,609,321$6,915,380$2,140,157$37,957,344
96$86,431,552$7,058,314$2,015,933$41,437,299
97$95,045,480$7,202,081$1,881,376$45,264,344
98$104,531,662$7,346,526$1,735,945$49,473,810
99$114,978,869$7,491,483$1,579,076$54,104,635
100$126,484,917$7,636,769$1,410,179$59,199,737