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%16.6%
1 years$222,963$220,977$219,040$217,149$215,302$209,502
2 years$110,378$108,322$106,330$104,398$102,525$96,723
3 years$72,854$70,790$68,803$66,889$65,046$59,424
4 years$54,096$52,038$50,071$48,190$46,391$40,992
5 years$42,844$40,798$38,857$37,014$35,266$30,104
6 years$35,345$33,315$31,402$29,601$27,905$22,986
7 years$29,991$27,978$26,095$24,336$22,694$18,018
8 years$25,977$23,982$22,131$20,415$18,827$14,391
9 years$22,857$20,881$19,061$17,389$15,855$11,656
10 years$20,362$18,405$16,618$14,990$13,509$9,541
11 years$18,323$16,385$14,630$13,045$11,618$7,875
12 years$16,624$14,707$12,984$11,443$10,068$6,543
13 years$15,188$13,290$11,600$10,102$8,780$5,465
14 years$13,958$12,081$10,423$8,968$7,696$4,585
15 years$12,893$11,036$9,411$7,997$6,776$3,859
16 years$11,962$10,125$8,532$7,161$5,989$3,258
17 years$11,141$9,325$7,764$6,434$5,310$2,758
18 years$10,413$8,617$7,087$5,798$4,722$2,339
19 years$9,762$7,986$6,488$5,239$4,208$1,987
20 years$9,176$7,421$5,954$4,745$3,759$1,690
21 years$8,648$6,912$5,477$4,307$3,364$1,440
22 years$8,167$6,452$5,048$3,916$3,015$1,227
23 years$7,730$6,035$4,661$3,566$2,707$1,047
24 years$7,329$5,654$4,310$3,252$2,433$894
25 years$6,961$5,306$3,992$2,970$2,189$764
26 years$6,622$4,987$3,703$2,716$1,972$653
27 years$6,308$4,693$3,438$2,486$1,778$559
28 years$6,018$4,422$3,196$2,278$1,604$478
29 years$5,748$4,172$2,974$2,089$1,449$409
30 years$5,496$3,940$2,771$1,917$1,309$351
31 years$5,261$3,725$2,583$1,760$1,183$300
32 years$5,041$3,524$2,410$1,618$1,070$257
33 years$4,835$3,338$2,250$1,488$969$220
34 years$4,642$3,163$2,102$1,369$877$189
35 years$4,460$3,000$1,966$1,260$794$162
36 years$4,288$2,848$1,839$1,161$720$139
37 years$4,126$2,705$1,721$1,069$652$119
38 years$3,973$2,570$1,612$986$591$102
39 years$3,829$2,444$1,510$909$536$87
40 years$3,691$2,325$1,415$838$486$75
41 years$3,561$2,214$1,327$773$441$64
42 years$3,437$2,108$1,245$714$400$55
43 years$3,320$2,009$1,168$659$363$47
44 years$3,208$1,915$1,097$608$330$40
45 years$3,101$1,826$1,030$562$299$35
46 years$3,000$1,742$967$519$272$30
47 years$2,903$1,662$909$479$247$26
48 years$2,810$1,587$854$443$224$22
49 years$2,721$1,515$802$409$204$19
50 years$2,636$1,447$754$378$185$16

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 $2,298 every year, while hoping to spend $48,355 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: 39/49/12 Blend
57$2,700,000$2,700,000$2,700,000$2,700,000
58$2,977,770$2,834,670$2,792,820$3,083,040
59$3,230,054$2,922,120$2,834,931$3,245,288
60$3,506,449$3,012,234$2,876,831$3,415,703
61$3,809,365$3,105,092$2,918,463$3,598,897
62$4,141,454$3,200,775$2,959,765$3,796,044
63$4,505,638$3,299,368$3,000,673$4,008,434
64$4,905,134$3,400,958$3,041,116$4,237,488
65$5,343,485$3,505,633$3,081,021$4,484,764
66$5,824,597$3,613,485$3,120,311$4,751,978
67$6,352,768$3,724,608$3,158,904$5,041,017
68$6,932,735$3,839,099$3,196,713$5,353,955
69$7,569,717$3,957,057$3,233,645$5,693,074
70$8,269,461$4,078,586$3,269,605$6,060,887
71$9,038,300$4,203,790$3,304,490$6,460,155
72$9,883,208$4,332,778$3,338,193$6,893,920
73$10,811,872$4,465,660$3,370,599$7,365,528
74$11,832,757$4,602,552$3,401,588$7,878,661
75$12,955,193$4,743,571$3,431,035$8,437,373
76$14,189,454$4,888,838$3,458,807$9,046,128
77$15,546,865$5,038,478$3,484,764$9,709,837
78$17,039,899$5,192,617$3,508,757$10,433,910
79$18,682,301$5,351,388$3,530,633$11,224,303
80$20,489,215$5,514,925$3,550,228$12,087,572
81$22,477,326$5,683,367$3,567,371$13,030,940
82$24,665,017$5,856,856$3,581,882$14,062,358
83$27,072,545$6,035,538$3,593,572$15,190,585
84$29,722,230$6,219,565$3,602,242$16,425,264
85$32,638,664$6,409,090$3,607,683$17,777,020
86$35,848,944$6,604,272$3,609,677$19,257,553
87$39,382,928$6,805,273$3,607,993$20,879,751
88$43,273,517$7,012,261$3,602,391$22,657,809
89$47,556,962$7,225,408$3,592,617$24,607,366
90$52,273,209$7,444,890$3,578,407$26,745,647
91$57,466,274$7,670,888$3,559,482$29,091,628
92$63,184,660$7,903,588$3,535,550$31,666,214
93$69,481,811$8,143,179$3,506,307$34,492,435
94$76,416,620$8,389,859$3,471,432$37,595,663
95$84,053,980$8,643,827$3,430,590$41,003,850
96$92,465,402$8,905,290$3,383,431$44,747,793
97$101,729,683$9,174,459$3,329,586$48,861,419
98$111,933,654$9,451,551$3,268,670$53,382,112
99$123,172,998$9,736,788$3,200,281$58,351,059
100$135,553,151$10,030,398$3,123,998$63,813,639