Can I retire at age 58 with 2,730,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$225,441$223,433$221,474$219,561$217,694$209,554
2 years$111,604$109,526$107,511$105,558$103,664$95,556
3 years$73,664$71,576$69,567$67,632$65,769$57,948
4 years$54,697$52,616$50,627$48,725$46,907$39,433
5 years$43,320$41,252$39,289$37,426$35,658$28,550
6 years$35,738$33,685$31,751$29,930$28,215$21,479
7 years$30,324$28,289$26,385$24,607$22,946$16,579
8 years$26,266$24,249$22,377$20,642$19,036$13,033
9 years$23,111$21,113$19,273$17,582$16,031$10,383
10 years$20,589$18,610$16,803$15,156$13,659$8,356
11 years$18,526$16,567$14,793$13,190$11,747$6,778
12 years$16,809$14,870$13,128$11,570$10,180$5,531
13 years$15,357$13,438$11,729$10,214$8,877$4,536
14 years$14,113$12,215$10,539$9,067$7,782$3,735
15 years$13,036$11,158$9,515$8,086$6,852$3,084
16 years$12,095$10,238$8,627$7,240$6,056$2,554
17 years$11,265$9,429$7,850$6,505$5,369$2,119
18 years$10,529$8,712$7,166$5,863$4,774$1,761
19 years$9,870$8,075$6,560$5,297$4,255$1,466
20 years$9,278$7,503$6,021$4,798$3,801$1,222
21 years$8,744$6,989$5,538$4,354$3,401$1,019
22 years$8,258$6,524$5,104$3,959$3,049$851
23 years$7,816$6,102$4,713$3,606$2,737$711
24 years$7,410$5,717$4,358$3,289$2,460$594
25 years$7,038$5,365$4,037$3,003$2,214$497
26 years$6,695$5,042$3,744$2,746$1,994$416
27 years$6,378$4,745$3,477$2,514$1,798$348
28 years$6,085$4,472$3,232$2,303$1,622$291
29 years$5,811$4,218$3,008$2,112$1,465$244
30 years$5,557$3,984$2,801$1,938$1,323$204
31 years$5,320$3,766$2,612$1,780$1,196$171
32 years$5,097$3,563$2,437$1,636$1,082$143
33 years$4,889$3,375$2,275$1,504$979$120
34 years$4,693$3,198$2,126$1,384$887$100
35 years$4,509$3,034$1,987$1,274$803$84
36 years$4,336$2,879$1,859$1,173$728$71
37 years$4,172$2,735$1,740$1,081$660$59
38 years$4,017$2,599$1,630$997$598$50
39 years$3,871$2,471$1,527$919$542$42
40 years$3,732$2,351$1,431$848$492$35
41 years$3,601$2,238$1,342$782$446$29
42 years$3,476$2,132$1,259$722$405$24
43 years$3,357$2,031$1,181$666$367$20
44 years$3,244$1,936$1,109$615$334$17
45 years$3,136$1,846$1,041$568$303$14
46 years$3,033$1,761$978$525$275$12
47 years$2,935$1,681$919$485$250$10
48 years$2,841$1,604$863$448$227$8
49 years$2,751$1,532$811$414$206$7
50 years$2,665$1,464$763$383$187$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,730,000, adding $2,795 every year, while hoping to spend $32,162 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: 40/50/10 Blend
57$2,730,000$2,730,000$2,730,000$2,730,000
58$3,011,343$2,866,653$2,824,338$3,122,657
59$3,284,280$2,972,899$2,884,733$3,307,482
60$3,583,978$3,083,273$2,946,074$3,503,894
61$3,913,134$3,197,943$3,008,357$3,715,644
62$4,274,717$3,317,086$3,071,580$3,944,133
63$4,671,998$3,440,883$3,135,738$4,190,898
64$5,108,582$3,569,526$3,200,825$4,457,628
65$5,588,438$3,703,214$3,266,834$4,746,176
66$6,115,942$3,842,154$3,333,756$5,058,579
67$6,695,911$3,986,563$3,401,580$5,397,074
68$7,333,656$4,136,666$3,470,295$5,764,118
69$8,035,026$4,292,700$3,539,887$6,162,411
70$8,806,465$4,454,909$3,610,340$6,594,923
71$9,655,076$4,623,551$3,681,637$7,064,915
72$10,588,680$4,798,891$3,753,759$7,575,976
73$11,615,899$4,981,211$3,826,683$8,132,048
74$12,746,231$5,170,800$3,900,387$8,737,469
75$13,990,139$5,367,962$3,974,843$9,397,008
76$15,359,156$5,573,015$4,050,023$10,115,912
77$16,865,986$5,786,289$4,125,895$10,899,952
78$18,524,630$6,008,130$4,202,425$11,755,476
79$20,350,511$6,238,897$4,279,575$12,689,469
80$22,360,628$6,478,968$4,357,306$13,709,617
81$24,573,710$6,728,735$4,435,573$14,824,377
82$27,010,393$6,988,608$4,514,330$16,043,056
83$29,693,418$7,259,015$4,593,525$17,375,898
84$32,647,843$7,540,403$4,673,104$18,834,177
85$35,901,278$7,833,238$4,753,009$20,430,302
86$39,484,150$8,138,008$4,833,175$22,177,934
87$43,429,984$8,455,221$4,913,538$24,092,113
88$47,775,724$8,785,408$4,994,023$26,189,393
89$52,562,080$9,129,126$5,074,555$28,488,003
90$57,833,911$9,486,952$5,155,052$31,008,013
91$63,640,650$9,859,492$5,235,426$33,771,521
92$70,036,768$10,247,379$5,315,584$36,802,861
93$77,082,291$10,651,273$5,395,428$40,128,827
94$84,843,362$11,071,863$5,474,853$43,778,928
95$93,392,871$11,509,870$5,553,746$47,785,659
96$102,811,138$11,966,048$5,631,991$52,184,809
97$113,186,672$12,441,182$5,709,461$57,015,792
98$124,617,008$12,936,095$5,786,023$62,322,019
99$137,209,625$13,451,646$5,861,536$68,151,303
100$151,082,961$13,988,732$5,935,853$74,556,308