Can I retire at age 58 with 2,750,000?

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 $2,750,000?

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$227,092$225,070$223,096$221,170$219,289$214,423
2 years$112,422$110,328$108,299$106,332$104,423$99,547
3 years$74,204$72,101$70,077$68,128$66,250$61,515
4 years$55,098$53,002$50,998$49,082$47,250$42,692
5 years$43,638$41,554$39,576$37,700$35,919$31,551
6 years$36,000$33,932$31,984$30,149$28,421$24,249
7 years$30,547$28,496$26,579$24,787$23,114$19,138
8 years$26,458$24,426$22,541$20,793$19,175$15,393
9 years$23,280$21,268$19,414$17,711$16,149$12,558
10 years$20,740$18,746$16,926$15,267$13,759$10,356
11 years$18,662$16,689$14,901$13,287$11,834$8,614
12 years$16,932$14,979$13,224$11,655$10,255$7,213
13 years$15,469$13,537$11,815$10,289$8,942$6,074
14 years$14,216$12,304$10,616$9,134$7,839$5,137
15 years$13,132$11,240$9,585$8,146$6,902$4,361
16 years$12,184$10,313$8,690$7,293$6,100$3,713
17 years$11,348$9,498$7,908$6,553$5,409$3,170
18 years$10,606$8,776$7,219$5,906$4,809$2,713
19 years$9,943$8,134$6,608$5,336$4,286$2,325
20 years$9,346$7,558$6,065$4,833$3,829$1,996
21 years$8,808$7,040$5,578$4,386$3,426$1,716
22 years$8,319$6,572$5,141$3,988$3,071$1,477
23 years$7,873$6,146$4,747$3,632$2,757$1,272
24 years$7,465$5,759$4,390$3,313$2,478$1,097
25 years$7,090$5,404$4,066$3,025$2,230$946
26 years$6,744$5,079$3,771$2,766$2,008$817
27 years$6,425$4,780$3,502$2,532$1,811$705
28 years$6,129$4,504$3,256$2,320$1,634$609
29 years$5,854$4,249$3,030$2,127$1,475$527
30 years$5,598$4,013$2,822$1,952$1,333$456
31 years$5,359$3,794$2,631$1,793$1,205$394
32 years$5,135$3,590$2,455$1,648$1,090$341
33 years$4,925$3,399$2,292$1,515$987$295
34 years$4,728$3,222$2,141$1,394$893$255
35 years$4,542$3,056$2,002$1,284$809$221
36 years$4,368$2,900$1,873$1,182$733$191
37 years$4,203$2,755$1,753$1,089$664$166
38 years$4,047$2,618$1,642$1,004$602$144
39 years$3,899$2,489$1,538$926$546$124
40 years$3,760$2,369$1,442$854$495$108
41 years$3,627$2,255$1,352$788$449$93
42 years$3,501$2,147$1,268$727$408$81
43 years$3,381$2,046$1,190$671$370$70
44 years$3,267$1,950$1,117$620$336$61
45 years$3,159$1,860$1,049$572$305$53
46 years$3,055$1,774$985$529$277$45
47 years$2,956$1,693$925$488$251$39
48 years$2,862$1,616$870$451$228$34
49 years$2,771$1,543$817$417$207$30
50 years$2,685$1,474$768$385$188$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,750,000, adding $3,507 every year, while hoping to spend $32,914 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: 32/38/30 Blend
57$2,750,000$2,750,000$2,750,000$2,750,000
58$3,034,117$2,888,367$2,845,742$3,103,413
59$3,308,577$2,994,877$2,906,055$3,263,724
60$3,609,929$3,105,503$2,967,284$3,433,142
61$3,940,880$3,220,411$3,029,427$3,614,991
62$4,304,415$3,339,776$3,092,478$3,810,390
63$4,703,820$3,463,780$3,156,430$4,020,569
64$5,142,715$3,592,610$3,221,276$4,246,877
65$5,625,089$3,726,466$3,287,006$4,490,797
66$6,155,336$3,865,551$3,353,609$4,753,958
67$6,738,299$4,010,081$3,421,073$5,038,147
68$7,379,309$4,160,279$3,489,383$5,345,332
69$8,084,245$4,316,378$3,558,523$5,677,671
70$8,859,579$4,478,623$3,628,475$6,037,539
71$9,712,446$4,647,265$3,699,219$6,427,548
72$10,650,705$4,822,570$3,770,732$6,850,566
73$11,683,015$5,004,815$3,842,990$7,309,751
74$12,818,918$5,194,286$3,915,966$7,808,574
75$14,068,927$5,391,285$3,989,630$8,350,852
76$15,444,625$5,596,125$4,063,949$8,940,785
77$16,958,774$5,809,133$4,138,890$9,582,994
78$18,625,440$6,030,651$4,214,413$10,282,562
79$20,460,116$6,261,035$4,290,477$11,045,084
80$22,479,878$6,500,656$4,367,038$11,876,714
81$24,703,540$6,749,902$4,444,049$12,784,228
82$27,151,833$7,009,179$4,521,456$13,775,081
83$29,847,601$7,278,910$4,599,206$14,857,481
84$32,816,015$7,559,535$4,677,238$16,040,461
85$36,084,812$7,851,516$4,755,489$17,333,968
86$39,684,556$8,155,333$4,833,890$18,748,948
87$43,648,924$8,471,488$4,912,370$20,297,458
88$48,015,030$8,800,506$4,990,849$21,992,768
89$52,823,766$9,142,934$5,069,246$23,849,493
90$58,120,196$9,499,344$5,147,472$25,883,724
91$63,953,978$9,870,333$5,225,433$28,113,181
92$70,379,828$10,256,525$5,303,031$30,557,378
93$77,458,046$10,658,570$5,380,157$33,237,805
94$85,255,076$11,077,148$5,456,701$36,178,130
95$93,844,136$11,512,971$5,532,543$39,404,419
96$103,305,911$11,966,780$5,607,557$42,945,381
97$113,729,312$12,439,350$5,681,608$46,832,638
98$125,212,315$12,931,491$5,754,555$51,101,019
99$137,862,887$13,444,050$5,826,248$55,788,887
100$151,800,002$13,977,910$5,896,529$60,938,504