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%16.3%
1 years$227,092$225,070$223,096$221,170$219,289$213,641
2 years$112,422$110,328$108,299$106,332$104,423$98,771
3 years$74,204$72,101$70,077$68,128$66,250$60,770
4 years$55,098$53,002$50,998$49,082$47,250$41,984
5 years$43,638$41,554$39,576$37,700$35,919$30,882
6 years$36,000$33,932$31,984$30,149$28,421$23,618
7 years$30,547$28,496$26,579$24,787$23,114$18,545
8 years$26,458$24,426$22,541$20,793$19,175$14,838
9 years$23,280$21,268$19,414$17,711$16,149$12,040
10 years$20,740$18,746$16,926$15,267$13,759$9,874
11 years$18,662$16,689$14,901$13,287$11,834$8,165
12 years$16,932$14,979$13,224$11,655$10,255$6,798
13 years$15,469$13,537$11,815$10,289$8,942$5,689
14 years$14,216$12,304$10,616$9,134$7,839$4,782
15 years$13,132$11,240$9,585$8,146$6,902$4,034
16 years$12,184$10,313$8,690$7,293$6,100$3,414
17 years$11,348$9,498$7,908$6,553$5,409$2,895
18 years$10,606$8,776$7,219$5,906$4,809$2,461
19 years$9,943$8,134$6,608$5,336$4,286$2,095
20 years$9,346$7,558$6,065$4,833$3,829$1,787
21 years$8,808$7,040$5,578$4,386$3,426$1,525
22 years$8,319$6,572$5,141$3,988$3,071$1,303
23 years$7,873$6,146$4,747$3,632$2,757$1,115
24 years$7,465$5,759$4,390$3,313$2,478$954
25 years$7,090$5,404$4,066$3,025$2,230$817
26 years$6,744$5,079$3,771$2,766$2,008$701
27 years$6,425$4,780$3,502$2,532$1,811$601
28 years$6,129$4,504$3,256$2,320$1,634$515
29 years$5,854$4,249$3,030$2,127$1,475$442
30 years$5,598$4,013$2,822$1,952$1,333$379
31 years$5,359$3,794$2,631$1,793$1,205$326
32 years$5,135$3,590$2,455$1,648$1,090$280
33 years$4,925$3,399$2,292$1,515$987$240
34 years$4,728$3,222$2,141$1,394$893$206
35 years$4,542$3,056$2,002$1,284$809$177
36 years$4,368$2,900$1,873$1,182$733$152
37 years$4,203$2,755$1,753$1,089$664$131
38 years$4,047$2,618$1,642$1,004$602$113
39 years$3,899$2,489$1,538$926$546$97
40 years$3,760$2,369$1,442$854$495$83
41 years$3,627$2,255$1,352$788$449$71
42 years$3,501$2,147$1,268$727$408$61
43 years$3,381$2,046$1,190$671$370$53
44 years$3,267$1,950$1,117$620$336$45
45 years$3,159$1,860$1,049$572$305$39
46 years$3,055$1,774$985$529$277$34
47 years$2,956$1,693$925$488$251$29
48 years$2,862$1,616$870$451$228$25
49 years$2,771$1,543$817$417$207$21
50 years$2,685$1,474$768$385$188$18

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 $5,396 every year, while hoping to spend $20,320 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: 66/19/15 Blend
57$2,750,000$2,750,000$2,750,000$2,750,000
58$3,036,066$2,890,316$2,847,691$3,225,269
59$3,324,124$3,010,321$2,921,468$3,472,355
60$3,640,884$3,135,526$2,997,036$3,739,466
61$3,989,250$3,266,162$3,074,433$4,030,932
62$4,372,425$3,402,476$3,153,698$4,349,139
63$4,793,936$3,544,721$3,234,871$4,696,709
64$5,257,671$3,693,166$3,317,992$5,076,527
65$5,767,911$3,848,089$3,403,103$5,491,772
66$6,329,376$4,009,782$3,490,244$5,945,940
67$6,947,263$4,178,553$3,579,459$6,442,879
68$7,627,303$4,354,721$3,670,789$6,986,827
69$8,375,806$4,538,620$3,764,279$7,582,448
70$9,199,727$4,730,602$3,859,971$8,234,877
71$10,106,731$4,931,033$3,957,912$8,949,769
72$11,105,261$5,140,297$4,058,146$9,733,347
73$12,204,622$5,358,796$4,160,718$10,592,468
74$13,415,066$5,586,950$4,265,675$11,534,678
75$14,747,892$5,825,199$4,373,063$12,568,291
76$16,215,546$6,074,003$4,482,931$13,702,458
77$17,831,748$6,333,845$4,595,325$14,947,261
78$19,611,612$6,605,230$4,710,294$16,313,802
79$21,571,795$6,888,684$4,827,887$17,814,307
80$23,730,649$7,184,761$4,948,153$19,462,244
81$26,108,401$7,494,040$5,071,141$21,272,446
82$28,727,336$7,817,126$5,196,903$23,261,250
83$31,612,013$8,154,653$5,325,487$25,446,653
84$34,789,492$8,507,286$5,456,945$27,848,477
85$38,289,597$8,875,719$5,591,329$30,488,559
86$42,145,186$9,260,680$5,728,689$33,390,951
87$46,392,472$9,662,930$5,869,077$36,582,152
88$51,071,358$10,083,268$6,012,545$40,091,351
89$56,225,817$10,522,528$6,159,145$43,950,704
90$61,904,303$10,981,585$6,308,930$48,195,637
91$68,160,214$11,461,354$6,461,951$52,865,176
92$75,052,390$11,962,795$6,618,261$58,002,318
93$82,645,673$12,486,912$6,777,912$63,654,431
94$91,011,517$13,034,755$6,940,957$69,873,702
95$100,228,659$13,607,426$7,107,447$76,717,628
96$110,383,871$14,206,078$7,277,434$84,249,556
97$121,572,768$14,831,918$7,450,971$92,539,279
98$133,900,719$15,486,211$7,628,108$101,663,693
99$147,483,839$16,170,282$7,808,896$111,707,523
100$162,450,083$16,885,518$7,993,385$122,764,118