Can I retire at age 58 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$229,570$227,525$225,530$223,583$221,681$217,205
2 years$113,648$111,532$109,481$107,492$105,562$101,073
3 years$75,013$72,887$70,841$68,871$66,973$62,610
4 years$55,699$53,580$51,554$49,618$47,766$43,562
5 years$44,114$42,007$40,008$38,111$36,311$32,279
6 years$36,393$34,302$32,333$30,478$28,732$24,876
7 years$30,880$28,807$26,869$25,057$23,366$19,687
8 years$26,747$24,693$22,787$21,020$19,385$15,882
9 years$23,534$21,500$19,626$17,904$16,325$12,995
10 years$20,966$18,951$17,110$15,434$13,909$10,750
11 years$18,866$16,871$15,064$13,432$11,963$8,970
12 years$17,117$15,142$13,369$11,782$10,367$7,536
13 years$15,638$13,684$11,944$10,401$9,040$6,366
14 years$14,372$12,439$10,732$9,233$7,924$5,403
15 years$13,275$11,363$9,689$8,234$6,977$4,603
16 years$12,316$10,425$8,785$7,373$6,166$3,933
17 years$11,472$9,601$7,994$6,625$5,468$3,370
18 years$10,721$8,872$7,297$5,970$4,862$2,894
19 years$10,051$8,222$6,680$5,395$4,333$2,490
20 years$9,448$7,641$6,131$4,886$3,870$2,146
21 years$8,904$7,117$5,639$4,434$3,464$1,851
22 years$8,409$6,643$5,197$4,032$3,105$1,599
23 years$7,959$6,213$4,799$3,672$2,787$1,383
24 years$7,546$5,822$4,438$3,349$2,505$1,197
25 years$7,167$5,463$4,111$3,058$2,254$1,037
26 years$6,818$5,135$3,812$2,796$2,030$899
27 years$6,495$4,832$3,540$2,560$1,831$779
28 years$6,196$4,553$3,291$2,345$1,652$676
29 years$5,918$4,296$3,063$2,151$1,491$587
30 years$5,659$4,057$2,853$1,974$1,348$510
31 years$5,417$3,835$2,659$1,813$1,218$443
32 years$5,191$3,629$2,481$1,666$1,102$385
33 years$4,979$3,436$2,317$1,532$997$334
34 years$4,779$3,257$2,165$1,409$903$290
35 years$4,592$3,089$2,024$1,298$818$252
36 years$4,415$2,932$1,893$1,195$741$220
37 years$4,249$2,785$1,772$1,101$672$191
38 years$4,091$2,647$1,659$1,015$609$166
39 years$3,942$2,517$1,555$936$552$144
40 years$3,801$2,394$1,457$863$501$126
41 years$3,667$2,279$1,366$796$454$109
42 years$3,539$2,171$1,282$735$412$95
43 years$3,418$2,068$1,203$678$374$83
44 years$3,303$1,971$1,129$626$340$72
45 years$3,193$1,880$1,060$578$308$63
46 years$3,088$1,793$996$534$280$54
47 years$2,989$1,711$935$494$254$47
48 years$2,893$1,634$879$456$231$41
49 years$2,802$1,560$826$422$210$36
50 years$2,714$1,490$777$390$190$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,780,000, adding $2,151 every year, while hoping to spend $23,255 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: 47/35/18 Blend
57$2,780,000$2,780,000$2,780,000$2,780,000
58$3,065,779$2,918,439$2,875,349$3,194,138
59$3,353,745$3,036,699$2,946,930$3,401,940
60$3,670,304$3,159,975$3,020,129$3,624,832
61$4,018,349$3,288,487$3,094,977$3,866,263
62$4,401,065$3,422,467$3,171,503$4,127,972
63$4,821,962$3,562,157$3,249,737$4,411,874
64$5,284,909$3,707,809$3,329,710$4,720,069
65$5,794,166$3,859,688$3,411,452$5,054,867
66$6,354,428$4,018,070$3,494,993$5,418,807
67$6,970,869$4,183,245$3,580,364$5,814,681
68$7,649,188$4,355,514$3,667,596$6,245,557
69$8,395,665$4,535,194$3,756,721$6,714,809
70$9,217,220$4,722,615$3,847,768$7,226,150
71$10,121,477$4,918,124$3,940,769$7,783,661
72$11,116,837$5,122,082$4,035,755$8,391,832
73$12,212,558$5,334,868$4,132,756$9,055,602
74$13,418,840$5,556,877$4,231,803$9,780,405
75$14,746,920$5,788,523$4,332,928$10,572,221
76$16,209,185$6,030,239$4,436,160$11,437,628
77$17,819,281$6,282,479$4,541,530$12,383,867
78$19,592,244$6,545,717$4,649,067$13,418,905
79$21,544,644$6,820,449$4,758,803$14,551,513
80$23,694,739$7,107,193$4,870,765$15,791,343
81$26,062,650$7,406,492$4,984,982$17,149,020
82$28,670,545$7,718,916$5,101,484$18,636,243
83$31,542,856$8,045,057$5,220,299$20,265,886
84$34,706,501$8,385,539$5,341,452$22,052,127
85$38,191,145$8,741,012$5,464,973$24,010,575
86$42,029,478$9,112,157$5,590,885$26,158,414
87$46,257,520$9,499,688$5,719,215$28,514,569
88$50,914,965$9,904,350$5,849,986$31,099,878
89$56,045,553$10,326,925$5,983,223$33,937,285
90$61,697,485$10,768,230$6,118,946$37,052,061
91$67,923,875$11,229,121$6,257,178$40,472,034
92$74,783,255$11,710,492$6,397,938$44,227,852
93$82,340,123$12,213,281$6,541,244$48,353,268
94$90,665,553$12,738,470$6,687,114$52,885,460
95$99,837,870$13,287,086$6,835,563$57,865,374
96$109,943,383$13,860,203$6,986,604$63,338,111
97$121,077,202$14,458,947$7,140,250$69,353,348
98$133,344,139$15,084,498$7,296,510$75,965,805
99$146,859,690$15,738,087$7,455,392$83,235,758
100$161,751,133$16,421,008$7,616,902$91,229,603