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%14.5%
1 years$227,092$225,070$223,096$221,170$219,289$215,214
2 years$112,422$110,328$108,299$106,332$104,423$100,333
3 years$74,204$72,101$70,077$68,128$66,250$62,272
4 years$55,098$53,002$50,998$49,082$47,250$43,415
5 years$43,638$41,554$39,576$37,700$35,919$32,237
6 years$36,000$33,932$31,984$30,149$28,421$24,898
7 years$30,547$28,496$26,579$24,787$23,114$19,749
8 years$26,458$24,426$22,541$20,793$19,175$15,968
9 years$23,280$21,268$19,414$17,711$16,149$13,097
10 years$20,740$18,746$16,926$15,267$13,759$10,862
11 years$18,662$16,689$14,901$13,287$11,834$9,086
12 years$16,932$14,979$13,224$11,655$10,255$7,653
13 years$15,469$13,537$11,815$10,289$8,942$6,482
14 years$14,216$12,304$10,616$9,134$7,839$5,516
15 years$13,132$11,240$9,585$8,146$6,902$4,712
16 years$12,184$10,313$8,690$7,293$6,100$4,038
17 years$11,348$9,498$7,908$6,553$5,409$3,470
18 years$10,606$8,776$7,219$5,906$4,809$2,989
19 years$9,943$8,134$6,608$5,336$4,286$2,579
20 years$9,346$7,558$6,065$4,833$3,829$2,229
21 years$8,808$7,040$5,578$4,386$3,426$1,929
22 years$8,319$6,572$5,141$3,988$3,071$1,672
23 years$7,873$6,146$4,747$3,632$2,757$1,450
24 years$7,465$5,759$4,390$3,313$2,478$1,259
25 years$7,090$5,404$4,066$3,025$2,230$1,094
26 years$6,744$5,079$3,771$2,766$2,008$951
27 years$6,425$4,780$3,502$2,532$1,811$828
28 years$6,129$4,504$3,256$2,320$1,634$720
29 years$5,854$4,249$3,030$2,127$1,475$627
30 years$5,598$4,013$2,822$1,952$1,333$547
31 years$5,359$3,794$2,631$1,793$1,205$476
32 years$5,135$3,590$2,455$1,648$1,090$415
33 years$4,925$3,399$2,292$1,515$987$362
34 years$4,728$3,222$2,141$1,394$893$316
35 years$4,542$3,056$2,002$1,284$809$275
36 years$4,368$2,900$1,873$1,182$733$240
37 years$4,203$2,755$1,753$1,089$664$210
38 years$4,047$2,618$1,642$1,004$602$183
39 years$3,899$2,489$1,538$926$546$160
40 years$3,760$2,369$1,442$854$495$139
41 years$3,627$2,255$1,352$788$449$122
42 years$3,501$2,147$1,268$727$408$106
43 years$3,381$2,046$1,190$671$370$93
44 years$3,267$1,950$1,117$620$336$81
45 years$3,159$1,860$1,049$572$305$71
46 years$3,055$1,774$985$529$277$62
47 years$2,956$1,693$925$488$251$54
48 years$2,862$1,616$870$451$228$47
49 years$2,771$1,543$817$417$207$41
50 years$2,685$1,474$768$385$188$36

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 $6,344 every year, while hoping to spend $27,490 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: 32/39/29 Blend
57$2,750,000$2,750,000$2,750,000$2,750,000
58$3,037,044$2,891,294$2,848,669$3,107,227
59$3,317,573$3,003,718$2,914,850$3,274,182
60$3,625,795$3,120,730$2,982,327$3,451,025
61$3,964,505$3,242,525$3,051,114$3,640,970
62$4,336,784$3,369,307$3,121,225$3,845,192
63$4,746,023$3,501,291$3,192,674$4,064,978
64$5,195,962$3,638,699$3,265,473$4,301,743
65$5,690,719$3,781,764$3,339,635$4,557,037
66$6,234,831$3,930,729$3,415,172$4,832,563
67$6,833,298$4,085,849$3,492,094$5,130,193
68$7,491,628$4,247,389$3,570,413$5,451,980
69$8,215,890$4,415,626$3,650,137$5,800,181
70$9,012,769$4,590,851$3,731,276$6,177,274
71$9,889,635$4,773,366$3,813,837$6,585,985
72$10,854,604$4,963,487$3,897,826$7,029,307
73$11,916,621$5,161,545$3,983,251$7,510,532
74$13,085,542$5,367,886$4,070,115$8,033,279
75$14,372,225$5,582,871$4,158,422$8,601,524
76$15,788,636$5,806,876$4,248,174$9,219,643
77$17,347,961$6,040,297$4,339,371$9,892,447
78$19,064,727$6,283,545$4,432,014$10,625,228
79$20,954,941$6,537,051$4,526,099$11,423,806
80$23,036,245$6,801,266$4,621,623$12,294,585
81$25,328,074$7,076,660$4,718,579$13,244,610
82$27,851,847$7,363,726$4,816,961$14,281,634
83$30,631,165$7,662,978$4,916,758$15,414,186
84$33,692,033$7,974,954$5,017,960$16,651,653
85$37,063,110$8,300,215$5,120,550$18,004,369
86$40,775,973$8,639,352$5,224,514$19,483,703
87$44,865,419$8,992,977$5,329,833$21,102,173
88$49,369,793$9,361,734$5,436,483$22,873,558
89$54,331,348$9,746,295$5,544,442$24,813,024
90$59,796,646$10,147,364$5,653,681$26,937,273
91$65,816,995$10,565,676$5,764,170$29,264,687
92$72,448,933$11,001,999$5,875,875$31,815,510
93$79,754,765$11,457,138$5,988,758$34,612,031
94$87,803,148$11,931,934$6,102,777$37,678,792
95$96,669,737$12,427,267$6,217,889$41,042,820
96$106,437,905$12,944,057$6,334,042$44,733,877
97$117,199,523$13,483,268$6,451,184$48,784,738
98$129,055,832$14,045,906$6,569,257$53,231,500
99$142,118,396$14,633,024$6,688,196$58,113,917
100$156,510,156$15,245,726$6,807,935$63,475,773