Can I retire at age 58 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$227,918$225,888$223,907$221,974$220,086$214,766
2 years$112,831$110,729$108,693$106,718$104,803$99,475
3 years$74,473$72,363$70,331$68,375$66,491$61,322
4 years$55,298$53,194$51,183$49,261$47,422$42,451
5 years$43,796$41,705$39,720$37,837$36,050$31,291
6 years$36,131$34,055$32,100$30,258$28,525$23,983
7 years$30,658$28,600$26,675$24,877$23,198$18,874
8 years$26,555$24,515$22,623$20,869$19,245$15,137
9 years$23,365$21,345$19,485$17,776$16,207$12,312
10 years$20,815$18,814$16,987$15,323$13,809$10,122
11 years$18,730$16,749$14,955$13,335$11,877$8,392
12 years$16,993$15,033$13,273$11,697$10,292$7,005
13 years$15,525$13,586$11,858$10,327$8,975$5,878
14 years$14,268$12,349$10,655$9,167$7,867$4,955
15 years$13,179$11,281$9,620$8,175$6,927$4,192
16 years$12,228$10,350$8,722$7,320$6,122$3,557
17 years$11,389$9,532$7,936$6,577$5,428$3,026
18 years$10,644$8,808$7,245$5,927$4,827$2,579
19 years$9,979$8,163$6,632$5,356$4,302$2,203
20 years$9,380$7,586$6,087$4,851$3,843$1,884
21 years$8,840$7,066$5,599$4,402$3,439$1,613
22 years$8,349$6,596$5,160$4,003$3,082$1,383
23 years$7,901$6,169$4,764$3,645$2,767$1,187
24 years$7,492$5,780$4,406$3,325$2,487$1,019
25 years$7,116$5,424$4,081$3,036$2,238$876
26 years$6,769$5,098$3,785$2,776$2,016$753
27 years$6,449$4,798$3,515$2,541$1,817$648
28 years$6,151$4,521$3,267$2,328$1,640$557
29 years$5,875$4,265$3,041$2,135$1,481$480
30 years$5,618$4,028$2,832$1,959$1,338$413
31 years$5,378$3,807$2,640$1,800$1,210$356
32 years$5,153$3,603$2,464$1,654$1,094$307
33 years$4,943$3,412$2,300$1,521$990$264
34 years$4,745$3,234$2,149$1,399$897$228
35 years$4,559$3,067$2,009$1,288$812$196
36 years$4,384$2,911$1,880$1,186$736$169
37 years$4,218$2,765$1,759$1,093$667$146
38 years$4,062$2,628$1,648$1,008$605$126
39 years$3,914$2,499$1,544$929$548$109
40 years$3,773$2,377$1,447$857$497$94
41 years$3,640$2,263$1,357$791$451$81
42 years$3,514$2,155$1,273$730$409$70
43 years$3,394$2,053$1,194$673$372$60
44 years$3,279$1,957$1,121$622$337$52
45 years$3,170$1,866$1,052$574$306$45
46 years$3,066$1,780$989$530$278$39
47 years$2,967$1,699$929$490$252$33
48 years$2,872$1,622$873$453$229$29
49 years$2,782$1,549$820$419$208$25
50 years$2,695$1,480$771$387$189$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,760,000, adding $3,480 every year, while hoping to spend $47,090 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: 64/30/6 Blend
57$2,760,000$2,760,000$2,760,000$2,760,000
58$3,045,110$2,898,830$2,856,050$3,236,726
59$3,305,607$2,990,769$2,901,624$3,456,611
60$3,591,098$3,085,635$2,947,147$3,690,769
61$3,904,080$3,183,521$2,992,566$3,945,264
62$4,247,307$3,284,525$3,037,829$4,222,065
63$4,623,812$3,388,746$3,082,875$4,523,340
64$5,036,933$3,496,287$3,127,643$4,851,471
65$5,490,349$3,607,254$3,172,069$5,209,084
66$5,988,113$3,721,758$3,216,081$5,599,067
67$6,534,688$3,839,911$3,259,607$6,024,598
68$7,134,990$3,961,831$3,302,569$6,489,177
69$7,794,438$4,087,639$3,344,883$6,996,659
70$8,518,996$4,217,459$3,386,462$7,551,285
71$9,315,240$4,351,421$3,427,215$8,157,727
72$10,190,411$4,489,657$3,467,043$8,821,127
73$11,152,487$4,632,304$3,505,843$9,547,151
74$12,210,259$4,779,505$3,543,507$10,342,036
75$13,373,410$4,931,406$3,579,919$11,212,650
76$14,652,610$5,088,157$3,614,959$12,166,559
77$16,059,615$5,249,915$3,648,498$13,212,096
78$17,607,376$5,416,841$3,680,403$14,358,437
79$19,310,163$5,589,102$3,710,532$15,615,691
80$21,183,700$5,766,868$3,738,735$16,994,992
81$23,245,311$5,950,318$3,764,856$18,508,604
82$25,514,084$6,139,635$3,788,730$20,170,038
83$28,011,050$6,335,007$3,810,182$21,994,177
84$30,759,385$6,536,630$3,829,031$23,997,415
85$33,784,623$6,744,705$3,845,085$26,197,812
86$37,114,901$6,959,442$3,858,141$28,615,267
87$40,781,220$7,181,054$3,867,988$31,271,700
88$44,817,743$7,409,764$3,874,404$34,191,260
89$49,262,112$7,645,802$3,877,156$37,400,554
90$54,155,804$7,889,403$3,875,998$40,928,896
91$59,544,526$8,140,813$3,870,673$44,808,580
92$65,478,639$8,400,284$3,860,912$49,075,191
93$72,013,639$8,668,078$3,846,432$53,767,933
94$79,210,679$8,944,463$3,826,936$58,930,002
95$87,137,145$9,229,717$3,802,115$64,608,993
96$95,867,289$9,524,129$3,771,641$70,857,346
97$105,482,936$9,827,995$3,735,175$77,732,843
98$116,074,251$10,141,622$3,692,358$85,299,149
99$127,740,589$10,465,326$3,642,817$93,626,416
100$140,591,437$10,799,435$3,586,159$102,791,940