Can I retire at age 58 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$232,873$230,799$228,775$226,800$224,871$222,337
2 years$115,284$113,137$111,056$109,038$107,081$104,531
3 years$76,092$73,936$71,860$69,862$67,937$65,449
4 years$56,501$54,351$52,296$50,332$48,453$46,046
5 years$44,748$42,612$40,584$38,659$36,833$34,515
6 years$36,916$34,796$32,798$30,916$29,145$26,918
7 years$31,324$29,221$27,255$25,418$23,703$21,568
8 years$27,132$25,048$23,114$21,323$19,664$17,620
9 years$23,873$21,809$19,909$18,162$16,560$14,608
10 years$21,267$19,223$17,357$15,656$14,110$12,248
11 years$19,137$17,113$15,281$13,625$12,135$10,361
12 years$17,363$15,360$13,561$11,951$10,516$8,828
13 years$15,863$13,881$12,116$10,551$9,170$7,567
14 years$14,578$12,618$10,886$9,366$8,038$6,517
15 years$13,466$11,526$9,829$8,353$7,078$5,636
16 years$12,494$10,575$8,911$7,479$6,255$4,891
17 years$11,637$9,739$8,109$6,720$5,546$4,257
18 years$10,876$9,000$7,402$6,056$4,931$3,714
19 years$10,196$8,341$6,777$5,472$4,396$3,247
20 years$9,584$7,751$6,219$4,956$3,926$2,845
21 years$9,032$7,219$5,720$4,498$3,513$2,496
22 years$8,530$6,739$5,272$4,090$3,149$2,193
23 years$8,073$6,303$4,868$3,725$2,827$1,929
24 years$7,655$5,905$4,502$3,397$2,541$1,698
25 years$7,270$5,542$4,170$3,102$2,287$1,497
26 years$6,916$5,209$3,867$2,837$2,060$1,320
27 years$6,589$4,902$3,591$2,596$1,857$1,165
28 years$6,285$4,619$3,338$2,379$1,676$1,029
29 years$6,003$4,357$3,107$2,181$1,513$909
30 years$5,740$4,115$2,894$2,002$1,367$804
31 years$5,495$3,890$2,698$1,839$1,236$711
32 years$5,265$3,681$2,517$1,690$1,118$629
33 years$5,050$3,486$2,350$1,554$1,012$557
34 years$4,848$3,304$2,196$1,430$916$493
35 years$4,658$3,134$2,053$1,316$830$437
36 years$4,479$2,974$1,921$1,212$752$387
37 years$4,310$2,825$1,798$1,117$681$343
38 years$4,150$2,685$1,683$1,029$618$304
39 years$3,999$2,553$1,577$949$560$269
40 years$3,855$2,429$1,478$875$508$239
41 years$3,719$2,312$1,386$808$461$211
42 years$3,590$2,202$1,300$745$418$187
43 years$3,467$2,098$1,220$688$380$166
44 years$3,351$2,000$1,145$635$345$147
45 years$3,239$1,907$1,075$587$313$131
46 years$3,133$1,819$1,010$542$284$116
47 years$3,032$1,736$949$501$258$103
48 years$2,935$1,657$892$463$234$91
49 years$2,842$1,583$838$428$213$81
50 years$2,753$1,512$788$395$193$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,820,000, adding $5,824 every year, while hoping to spend $58,940 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: 28/47/25 Blend
57$2,820,000$2,820,000$2,820,000$2,820,000
58$3,113,647$2,964,187$2,920,477$3,176,399
59$3,368,528$3,046,721$2,955,602$3,308,932
60$3,647,431$3,131,323$2,989,927$3,445,689
61$3,952,744$3,218,033$3,023,365$3,591,409
62$4,287,097$3,306,890$3,055,821$3,746,898
63$4,653,386$3,397,933$3,087,197$3,913,043
64$5,054,801$3,491,201$3,117,387$4,090,822
65$5,494,853$3,586,732$3,146,281$4,281,308
66$5,977,410$3,684,565$3,173,765$4,485,684
67$6,506,735$3,784,737$3,199,714$4,705,252
68$7,087,518$3,887,286$3,224,001$4,941,446
69$7,724,930$3,992,248$3,246,491$5,195,842
70$8,424,665$4,099,660$3,267,040$5,470,181
71$9,192,994$4,209,556$3,285,499$5,766,374
72$10,036,826$4,321,971$3,301,710$6,086,532
73$10,963,773$4,436,938$3,315,507$6,432,975
74$11,982,218$4,554,489$3,326,718$6,808,262
75$13,101,400$4,674,655$3,335,158$7,215,211
76$14,331,494$4,797,464$3,340,637$7,656,928
77$15,683,710$4,922,943$3,342,952$8,136,832
78$17,170,400$5,051,119$3,341,893$8,658,693
79$18,805,172$5,182,015$3,337,237$9,226,664
80$20,603,017$5,315,651$3,328,752$9,845,321
81$22,580,453$5,452,047$3,316,194$10,519,709
82$24,755,680$5,591,217$3,299,307$11,255,383
83$27,148,748$5,733,176$3,277,822$12,058,469
84$29,781,751$5,877,932$3,251,460$12,935,715
85$32,679,031$6,025,492$3,219,925$13,894,561
86$35,867,409$6,175,858$3,182,910$14,943,203
87$39,376,438$6,329,028$3,140,090$16,090,677
88$43,238,680$6,484,996$3,091,129$17,346,939
89$47,490,015$6,643,750$3,035,671$18,722,964
90$52,169,977$6,805,275$2,973,347$20,230,847
91$57,322,129$6,969,547$2,903,768$21,883,918
92$62,994,471$7,136,540$2,826,529$23,696,871
93$69,239,894$7,306,218$2,741,205$25,685,900
94$76,116,681$7,478,540$2,647,353$27,868,852
95$83,689,050$7,653,457$2,544,508$30,265,399
96$92,027,768$7,830,911$2,432,183$32,897,225
97$101,210,812$8,010,837$2,309,873$35,788,225
98$111,324,107$8,193,160$2,177,046$38,964,740
99$122,462,337$8,377,796$2,033,148$42,455,800
100$134,729,836$8,564,649$1,877,599$46,293,403