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

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$165,158$163,687$162,252$160,851$159,483$155,062
2 years$81,761$80,239$78,763$77,332$75,944$71,523
3 years$53,966$52,437$50,965$49,547$48,182$43,899
4 years$40,071$38,547$37,089$35,696$34,364$30,252
5 years$31,737$30,221$28,783$27,418$26,123$22,194
6 years$26,182$24,678$23,261$21,926$20,670$16,927
7 years$22,216$20,724$19,330$18,027$16,810$13,254
8 years$19,243$17,765$16,393$15,122$13,946$10,574
9 years$16,931$15,467$14,120$12,881$11,744$8,553
10 years$15,083$13,634$12,310$11,103$10,007$6,993
11 years$13,572$12,137$10,837$9,663$8,606$5,764
12 years$12,314$10,894$9,618$8,476$7,458$4,783
13 years$11,250$9,845$8,593$7,483$6,503$3,990
14 years$10,339$8,949$7,721$6,643$5,701$3,342
15 years$9,550$8,175$6,971$5,924$5,020$2,810
16 years$8,861$7,500$6,320$5,304$4,436$2,369
17 years$8,253$6,907$5,751$4,766$3,934$2,002
18 years$7,713$6,383$5,250$4,295$3,497$1,695
19 years$7,231$5,915$4,806$3,881$3,117$1,438
20 years$6,797$5,497$4,411$3,515$2,785$1,221
21 years$6,406$5,120$4,057$3,190$2,492$1,039
22 years$6,050$4,779$3,739$2,900$2,234$884
23 years$5,726$4,470$3,452$2,642$2,005$753
24 years$5,429$4,188$3,193$2,409$1,802$642
25 years$5,156$3,930$2,957$2,200$1,622$548
26 years$4,905$3,694$2,743$2,012$1,461$468
27 years$4,673$3,476$2,547$1,841$1,317$399
28 years$4,458$3,276$2,368$1,687$1,188$341
29 years$4,258$3,090$2,203$1,547$1,073$292
30 years$4,071$2,919$2,052$1,420$970$249
31 years$3,897$2,759$1,913$1,304$877$213
32 years$3,734$2,611$1,785$1,198$793$182
33 years$3,582$2,472$1,667$1,102$718$156
34 years$3,438$2,343$1,557$1,014$650$133
35 years$3,304$2,222$1,456$933$588$114
36 years$3,176$2,109$1,362$860$533$98
37 years$3,057$2,003$1,275$792$483$84
38 years$2,943$1,904$1,194$730$438$71
39 years$2,836$1,811$1,119$673$397$61
40 years$2,734$1,723$1,048$621$360$52
41 years$2,638$1,640$983$573$327$45
42 years$2,546$1,562$922$529$297$38
43 years$2,459$1,488$865$488$269$33
44 years$2,376$1,418$812$451$244$28
45 years$2,297$1,352$763$416$222$24
46 years$2,222$1,290$716$384$201$21
47 years$2,150$1,231$673$355$183$18
48 years$2,081$1,175$632$328$166$15
49 years$2,016$1,122$594$303$151$13
50 years$1,953$1,072$559$280$137$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,000,000, adding $4,076 every year, while hoping to spend $24,196 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: 53/33/14 Blend
57$2,000,000$2,000,000$2,000,000$2,000,000
58$2,208,204$2,102,204$2,071,204$2,316,812
59$2,407,697$2,179,468$2,114,845$2,468,632
60$2,626,727$2,259,707$2,159,137$2,630,804
61$2,867,261$2,343,041$2,204,077$2,806,703
62$3,131,467$2,429,595$2,249,659$2,997,637
63$3,421,732$2,519,500$2,295,878$3,205,046
64$3,740,686$2,612,893$2,342,727$3,430,512
65$4,091,226$2,709,915$2,390,198$3,675,774
66$4,476,545$2,810,715$2,438,284$3,942,747
67$4,900,158$2,915,446$2,486,972$4,233,538
68$5,365,941$3,024,269$2,536,252$4,550,463
69$5,878,162$3,137,353$2,586,111$4,896,071
70$6,441,523$3,254,872$2,636,535$5,273,168
71$7,061,206$3,377,009$2,687,507$5,684,841
72$7,742,921$3,503,953$2,739,010$6,134,488
73$8,492,956$3,635,905$2,791,024$6,625,848
74$9,318,244$3,773,070$2,843,530$7,163,039
75$10,226,420$3,915,665$2,896,502$7,750,591
76$11,225,897$4,063,916$2,949,918$8,393,495
77$12,325,947$4,218,056$3,003,749$9,097,240
78$13,536,785$4,378,333$3,057,966$9,867,876
79$14,869,667$4,545,001$3,112,538$10,712,060
80$16,336,995$4,718,327$3,167,429$11,637,123
81$17,952,435$4,898,592$3,222,604$12,651,139
82$19,731,045$5,086,085$3,278,024$13,762,997
83$21,689,418$5,281,110$3,333,644$14,982,489
84$23,845,839$5,483,984$3,389,421$16,320,395
85$26,220,454$5,695,038$3,445,306$17,788,591
86$28,835,462$5,914,618$3,501,246$19,400,155
87$31,715,329$6,143,083$3,557,187$21,169,492
88$34,887,009$6,380,811$3,613,070$23,112,468
89$38,380,207$6,628,194$3,668,831$25,246,559
90$42,227,655$6,885,642$3,724,403$27,591,016
91$46,465,422$7,153,585$3,779,717$30,167,041
92$51,133,253$7,432,468$3,834,696$32,997,995
93$56,274,946$7,722,761$3,889,259$36,109,607
94$61,938,765$8,024,950$3,943,323$39,530,222
95$68,177,891$8,339,545$3,996,797$43,291,067
96$75,050,932$8,667,078$4,049,586$47,426,540
97$82,622,468$9,008,106$4,101,588$51,974,541
98$90,963,665$9,363,209$4,152,696$56,976,819
99$100,152,946$9,732,994$4,202,799$62,479,372
100$110,276,730$10,118,094$4,251,777$68,532,876