Can I retire at age 58 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$235,350$233,254$231,209$229,212$227,263$224,052
2 years$116,510$114,340$112,237$110,198$108,220$104,991
3 years$76,902$74,723$72,625$70,605$68,660$65,513
4 years$57,102$54,929$52,852$50,867$48,969$45,929
5 years$45,225$43,065$41,016$39,071$37,225$34,301
6 years$37,309$35,166$33,147$31,245$29,455$26,650
7 years$31,657$29,532$27,545$25,688$23,955$21,270
8 years$27,421$25,315$23,360$21,549$19,873$17,308
9 years$24,127$22,041$20,120$18,355$16,736$14,289
10 years$21,494$19,428$17,541$15,822$14,260$11,930
11 years$19,341$17,296$15,443$13,770$12,264$10,048
12 years$17,548$15,524$13,705$12,078$10,628$8,524
13 years$16,032$14,029$12,245$10,663$9,267$7,273
14 years$14,733$12,752$11,002$9,466$8,124$6,235
15 years$13,609$11,649$9,933$8,442$7,153$5,366
16 years$12,627$10,688$9,006$7,559$6,322$4,634
17 years$11,760$9,843$8,195$6,791$5,605$4,013
18 years$10,991$9,095$7,481$6,120$4,984$3,484
19 years$10,304$8,429$6,849$5,530$4,442$3,031
20 years$9,686$7,833$6,285$5,009$3,968$2,641
21 years$9,128$7,296$5,781$4,546$3,551$2,305
22 years$8,621$6,811$5,328$4,133$3,183$2,015
23 years$8,159$6,370$4,920$3,764$2,857$1,762
24 years$7,736$5,968$4,550$3,433$2,568$1,544
25 years$7,348$5,601$4,214$3,135$2,311$1,353
26 years$6,990$5,264$3,908$2,867$2,082$1,187
27 years$6,659$4,954$3,629$2,624$1,877$1,042
28 years$6,352$4,668$3,374$2,404$1,693$915
29 years$6,067$4,404$3,140$2,205$1,529$804
30 years$5,801$4,159$2,925$2,023$1,382$707
31 years$5,553$3,932$2,726$1,858$1,249$621
32 years$5,321$3,720$2,544$1,708$1,130$547
33 years$5,104$3,523$2,375$1,570$1,023$481
34 years$4,900$3,339$2,219$1,445$926$423
35 years$4,708$3,167$2,075$1,330$839$373
36 years$4,526$3,006$1,941$1,225$760$328
37 years$4,356$2,855$1,817$1,129$689$289
38 years$4,194$2,713$1,701$1,040$624$255
39 years$4,041$2,580$1,594$959$566$224
40 years$3,896$2,455$1,494$885$513$198
41 years$3,759$2,337$1,401$816$466$174
42 years$3,628$2,225$1,314$753$423$153
43 years$3,504$2,120$1,233$695$384$135
44 years$3,386$2,021$1,157$642$348$119
45 years$3,274$1,927$1,087$593$316$105
46 years$3,166$1,839$1,021$548$287$93
47 years$3,064$1,755$959$506$261$82
48 years$2,966$1,675$901$468$237$72
49 years$2,872$1,599$847$432$215$63
50 years$2,783$1,528$796$399$195$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,850,000, adding $6,769 every year, while hoping to spend $38,503 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: 43/39/18 Blend
57$2,850,000$2,850,000$2,850,000$2,850,000
58$3,147,682$2,996,632$2,952,457$3,266,277
59$3,427,779$3,102,500$3,010,398$3,456,402
60$3,735,155$3,212,265$3,068,989$3,657,950
61$4,072,552$3,326,078$3,128,211$3,875,500
62$4,442,991$3,444,094$3,188,045$4,110,544
63$4,849,799$3,566,477$3,248,467$4,364,719
64$5,296,639$3,693,396$3,309,452$4,639,829
65$5,787,551$3,825,027$3,370,973$4,937,852
66$6,326,981$3,961,553$3,433,000$5,260,967
67$6,919,830$4,103,166$3,495,502$5,611,568
68$7,571,495$4,250,064$3,558,444$5,992,287
69$8,287,925$4,402,454$3,621,789$6,406,020
70$9,075,670$4,560,551$3,685,496$6,855,953
71$9,941,951$4,724,580$3,749,522$7,345,591
72$10,894,719$4,894,774$3,813,821$7,878,788
73$11,942,739$5,071,377$3,878,343$8,459,789
74$13,095,665$5,254,641$3,943,034$9,093,261
75$14,364,134$5,444,829$4,007,837$9,784,344
76$15,759,868$5,642,218$4,072,691$10,538,691
77$17,295,780$5,847,092$4,137,532$11,362,527
78$18,986,100$6,059,750$4,202,290$12,262,705
79$20,846,506$6,280,502$4,266,890$13,246,767
80$22,894,274$6,509,671$4,331,256$14,323,018
81$25,148,440$6,747,594$4,395,302$15,500,599
82$27,629,977$6,994,623$4,458,941$16,789,577
83$30,361,997$7,251,122$4,522,079$18,201,035
84$33,369,967$7,517,474$4,584,614$19,747,180
85$36,681,948$7,794,074$4,646,443$21,441,451
86$40,328,861$8,081,338$4,707,453$23,298,648
87$44,344,778$8,379,696$4,767,526$25,335,073
88$48,767,242$8,689,598$4,826,535$27,568,676
89$53,637,626$9,011,514$4,884,349$30,019,229
90$59,001,517$9,345,931$4,940,828$32,708,508
91$64,909,150$9,693,360$4,995,824$35,660,500
92$71,415,880$10,054,331$5,049,181$38,901,622
93$78,582,706$10,429,399$5,100,734$42,460,976
94$86,476,843$10,819,141$5,150,310$46,370,617
95$95,172,361$11,224,159$5,197,725$50,665,857
96$104,750,881$11,645,082$5,242,788$55,385,593
97$115,302,345$12,082,565$5,285,295$60,572,676
98$126,925,864$12,537,291$5,325,033$66,274,312
99$139,730,657$13,009,973$5,361,776$72,542,504
100$153,837,077$13,501,354$5,395,289$79,434,543