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

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$225,441$223,433$221,474$219,561$217,694$212,864
2 years$111,604$109,526$107,511$105,558$103,664$98,823
3 years$73,664$71,576$69,567$67,632$65,769$61,067
4 years$54,697$52,616$50,627$48,725$46,907$42,382
5 years$43,320$41,252$39,289$37,426$35,658$31,322
6 years$35,738$33,685$31,751$29,930$28,215$24,073
7 years$30,324$28,289$26,385$24,607$22,946$18,998
8 years$26,266$24,249$22,377$20,642$19,036$15,281
9 years$23,111$21,113$19,273$17,582$16,031$12,466
10 years$20,589$18,610$16,803$15,156$13,659$10,281
11 years$18,526$16,567$14,793$13,190$11,747$8,551
12 years$16,809$14,870$13,128$11,570$10,180$7,161
13 years$15,357$13,438$11,729$10,214$8,877$6,029
14 years$14,113$12,215$10,539$9,067$7,782$5,100
15 years$13,036$11,158$9,515$8,086$6,852$4,329
16 years$12,095$10,238$8,627$7,240$6,056$3,686
17 years$11,265$9,429$7,850$6,505$5,369$3,147
18 years$10,529$8,712$7,166$5,863$4,774$2,693
19 years$9,870$8,075$6,560$5,297$4,255$2,308
20 years$9,278$7,503$6,021$4,798$3,801$1,982
21 years$8,744$6,989$5,538$4,354$3,401$1,703
22 years$8,258$6,524$5,104$3,959$3,049$1,466
23 years$7,816$6,102$4,713$3,606$2,737$1,263
24 years$7,410$5,717$4,358$3,289$2,460$1,089
25 years$7,038$5,365$4,037$3,003$2,214$939
26 years$6,695$5,042$3,744$2,746$1,994$811
27 years$6,378$4,745$3,477$2,514$1,798$700
28 years$6,085$4,472$3,232$2,303$1,622$605
29 years$5,811$4,218$3,008$2,112$1,465$523
30 years$5,557$3,984$2,801$1,938$1,323$452
31 years$5,320$3,766$2,612$1,780$1,196$391
32 years$5,097$3,563$2,437$1,636$1,082$338
33 years$4,889$3,375$2,275$1,504$979$293
34 years$4,693$3,198$2,126$1,384$887$253
35 years$4,509$3,034$1,987$1,274$803$219
36 years$4,336$2,879$1,859$1,173$728$190
37 years$4,172$2,735$1,740$1,081$660$165
38 years$4,017$2,599$1,630$997$598$142
39 years$3,871$2,471$1,527$919$542$123
40 years$3,732$2,351$1,431$848$492$107
41 years$3,601$2,238$1,342$782$446$93
42 years$3,476$2,132$1,259$722$405$80
43 years$3,357$2,031$1,181$666$367$69
44 years$3,244$1,936$1,109$615$334$60
45 years$3,136$1,846$1,041$568$303$52
46 years$3,033$1,761$978$525$275$45
47 years$2,935$1,681$919$485$250$39
48 years$2,841$1,604$863$448$227$34
49 years$2,751$1,532$811$414$206$29
50 years$2,665$1,464$763$383$187$25

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 $3,195 every year, while hoping to spend $52,614 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: 49/41/10 Blend
57$2,730,000$2,730,000$2,730,000$2,730,000
58$3,011,756$2,867,066$2,824,751$3,151,080
59$3,262,974$2,951,571$2,863,399$3,331,424
60$3,538,053$3,038,454$2,901,578$3,521,404
61$3,839,371$3,127,775$2,939,218$3,726,550
62$4,169,547$3,219,596$2,976,242$3,948,294
63$4,531,466$3,313,982$3,012,572$4,188,214
64$4,928,305$3,410,996$3,048,122$4,448,044
65$5,363,562$3,510,704$3,082,804$4,729,693
66$5,841,091$3,613,174$3,116,523$5,035,261
67$6,365,136$3,718,474$3,149,181$5,367,060
68$6,940,375$3,826,674$3,180,674$5,727,634
69$7,571,957$3,937,845$3,210,890$6,119,783
70$8,265,555$4,052,058$3,239,713$6,546,590
71$9,027,421$4,169,388$3,267,022$7,011,449
72$9,864,438$4,289,908$3,292,688$7,518,096
73$10,784,191$4,413,694$3,316,574$8,070,646
74$11,795,038$4,540,824$3,338,538$8,673,630
75$12,906,182$4,671,375$3,358,430$9,332,037
76$14,127,768$4,805,427$3,376,092$10,051,361
77$15,470,967$4,943,060$3,391,358$10,837,653
78$16,948,090$5,084,355$3,404,053$11,697,578
79$18,572,702$5,229,395$3,413,995$12,638,477
80$20,359,745$5,378,262$3,420,991$13,668,435
81$22,325,684$5,531,042$3,424,840$14,796,358
82$24,488,660$5,687,820$3,425,328$16,032,057
83$26,868,661$5,848,681$3,422,234$17,386,339
84$29,487,710$6,013,712$3,415,325$18,871,109
85$32,370,073$6,183,000$3,404,355$20,499,484
86$35,542,488$6,356,634$3,389,068$22,285,913
87$39,034,415$6,534,702$3,369,195$24,246,314
88$42,878,316$6,717,294$3,344,454$26,398,226
89$47,109,960$6,904,497$3,314,549$28,760,972
90$51,768,761$7,096,402$3,279,171$31,355,839
91$56,898,147$7,293,099$3,237,996$34,206,286
92$62,545,974$7,494,676$3,190,685$37,338,155
93$68,764,971$7,701,223$3,136,881$40,779,923
94$75,613,245$7,912,830$3,076,213$44,562,965
95$83,154,821$8,129,584$3,008,291$48,721,853
96$91,460,252$8,351,573$2,932,708$53,294,679
97$100,607,282$8,578,884$2,849,038$58,323,417
98$110,681,578$8,811,603$2,756,834$63,854,317
99$121,777,542$9,049,814$2,655,631$69,938,342
100$133,999,198$9,293,601$2,544,941$76,631,650