Can I retire at age 58 with 2,700,000?

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 $2,700,000?

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$222,963$220,977$219,040$217,149$215,302$210,525
2 years$110,378$108,322$106,330$104,398$102,525$97,737
3 years$72,854$70,790$68,803$66,889$65,046$60,396
4 years$54,096$52,038$50,071$48,190$46,391$41,916
5 years$42,844$40,798$38,857$37,014$35,266$30,978
6 years$35,345$33,315$31,402$29,601$27,905$23,808
7 years$29,991$27,978$26,095$24,336$22,694$18,790
8 years$25,977$23,982$22,131$20,415$18,827$15,113
9 years$22,857$20,881$19,061$17,389$15,855$12,329
10 years$20,362$18,405$16,618$14,990$13,509$10,168
11 years$18,323$16,385$14,630$13,045$11,618$8,457
12 years$16,624$14,707$12,984$11,443$10,068$7,082
13 years$15,188$13,290$11,600$10,102$8,780$5,963
14 years$13,958$12,081$10,423$8,968$7,696$5,044
15 years$12,893$11,036$9,411$7,997$6,776$4,282
16 years$11,962$10,125$8,532$7,161$5,989$3,646
17 years$11,141$9,325$7,764$6,434$5,310$3,113
18 years$10,413$8,617$7,087$5,798$4,722$2,663
19 years$9,762$7,986$6,488$5,239$4,208$2,283
20 years$9,176$7,421$5,954$4,745$3,759$1,960
21 years$8,648$6,912$5,477$4,307$3,364$1,685
22 years$8,167$6,452$5,048$3,916$3,015$1,450
23 years$7,730$6,035$4,661$3,566$2,707$1,249
24 years$7,329$5,654$4,310$3,252$2,433$1,077
25 years$6,961$5,306$3,992$2,970$2,189$929
26 years$6,622$4,987$3,703$2,716$1,972$802
27 years$6,308$4,693$3,438$2,486$1,778$693
28 years$6,018$4,422$3,196$2,278$1,604$598
29 years$5,748$4,172$2,974$2,089$1,449$517
30 years$5,496$3,940$2,771$1,917$1,309$447
31 years$5,261$3,725$2,583$1,760$1,183$387
32 years$5,041$3,524$2,410$1,618$1,070$335
33 years$4,835$3,338$2,250$1,488$969$290
34 years$4,642$3,163$2,102$1,369$877$251
35 years$4,460$3,000$1,966$1,260$794$217
36 years$4,288$2,848$1,839$1,161$720$188
37 years$4,126$2,705$1,721$1,069$652$163
38 years$3,973$2,570$1,612$986$591$141
39 years$3,829$2,444$1,510$909$536$122
40 years$3,691$2,325$1,415$838$486$106
41 years$3,561$2,214$1,327$773$441$92
42 years$3,437$2,108$1,245$714$400$79
43 years$3,320$2,009$1,168$659$363$69
44 years$3,208$1,915$1,097$608$330$60
45 years$3,101$1,826$1,030$562$299$52
46 years$3,000$1,742$967$519$272$45
47 years$2,903$1,662$909$479$247$39
48 years$2,810$1,587$854$443$224$34
49 years$2,721$1,515$802$409$204$29
50 years$2,636$1,447$754$378$185$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,700,000, adding $5,397 every year, while hoping to spend $36,197 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: 38/39/23 Blend
57$2,700,000$2,700,000$2,700,000$2,700,000
58$2,980,967$2,837,867$2,796,017$3,073,572
59$3,246,512$2,938,409$2,851,170$3,241,905
60$3,537,930$3,042,665$2,906,958$3,419,932
61$3,857,821$3,150,777$2,963,363$3,611,609
62$4,209,050$3,262,897$3,020,367$3,818,194
63$4,594,773$3,379,179$3,077,949$4,041,066
64$5,018,466$3,499,785$3,136,087$4,281,743
65$5,483,960$3,624,884$3,194,756$4,541,891
66$5,995,472$3,754,652$3,253,929$4,823,342
67$6,557,651$3,889,271$3,313,576$5,128,112
68$7,175,618$4,028,932$3,373,667$5,458,414
69$7,855,014$4,173,832$3,434,168$5,816,685
70$8,602,054$4,324,178$3,495,041$6,205,601
71$9,423,585$4,480,184$3,556,247$6,628,110
72$10,327,152$4,642,075$3,617,743$7,087,453
73$11,321,068$4,810,083$3,679,483$7,587,194
74$12,414,490$4,984,450$3,741,419$8,131,256
75$13,617,510$5,165,430$3,803,498$8,723,956
76$14,941,245$5,353,285$3,865,664$9,370,044
77$16,397,945$5,548,289$3,927,857$10,074,749
78$18,001,109$5,750,729$3,990,014$10,843,824
79$19,765,608$5,960,901$4,052,066$11,683,603
80$21,707,831$6,179,116$4,113,940$12,601,057
81$23,845,833$6,405,696$4,175,561$13,603,864
82$26,199,512$6,640,978$4,236,846$14,700,472
83$28,790,789$6,885,314$4,297,708$15,900,185
84$31,643,824$7,139,068$4,358,055$17,213,247
85$34,785,234$7,402,622$4,417,790$18,650,938
86$38,244,350$7,676,373$4,476,808$20,225,679
87$42,053,493$7,960,735$4,535,001$21,951,148
88$46,248,278$8,256,140$4,592,252$23,842,408
89$50,867,949$8,563,037$4,648,439$25,916,047
90$55,955,750$8,881,896$4,703,432$28,190,337
91$61,559,334$9,213,207$4,757,094$30,685,400
92$67,731,210$9,557,478$4,809,281$33,423,400
93$74,529,242$9,915,243$4,859,841$36,428,749
94$82,017,191$10,287,056$4,908,611$39,728,336
95$90,265,319$10,673,496$4,955,424$43,351,781
96$99,351,050$11,075,166$5,000,099$47,331,712
97$109,359,704$11,492,696$5,042,449$51,704,069
98$120,385,298$11,926,743$5,082,276$56,508,445
99$132,531,436$12,377,991$5,119,370$61,788,456
100$145,912,286$12,847,156$5,153,512$67,592,152