Can I retire at age 58 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$165,984$164,505$163,063$161,655$160,280$158,343
2 years$82,170$80,640$79,157$77,719$76,324$74,374
3 years$54,236$52,699$51,220$49,795$48,423$46,522
4 years$40,272$38,739$37,275$35,875$34,536$32,697
5 years$31,895$30,372$28,927$27,555$26,253$24,483
6 years$26,313$24,801$23,377$22,036$20,773$19,074
7 years$22,327$20,828$19,427$18,117$16,894$15,265
8 years$19,339$17,853$16,475$15,198$14,016$12,457
9 years$17,016$15,545$14,190$12,945$11,803$10,315
10 years$15,159$13,702$12,371$11,159$10,057$8,638
11 years$13,640$12,198$10,891$9,712$8,649$7,299
12 years$12,376$10,948$9,666$8,518$7,495$6,211
13 years$11,307$9,894$8,636$7,520$6,536$5,317
14 years$10,391$8,993$7,759$6,676$5,729$4,573
15 years$9,598$8,216$7,006$5,954$5,045$3,950
16 years$8,905$7,538$6,352$5,331$4,458$3,423
17 years$8,294$6,942$5,780$4,790$3,953$2,975
18 years$7,752$6,415$5,276$4,317$3,515$2,592
19 years$7,267$5,945$4,830$3,900$3,133$2,263
20 years$6,831$5,524$4,433$3,533$2,798$1,979
21 years$6,438$5,146$4,077$3,206$2,504$1,734
22 years$6,080$4,803$3,758$2,915$2,245$1,521
23 years$5,754$4,492$3,470$2,655$2,015$1,336
24 years$5,456$4,209$3,209$2,421$1,811$1,174
25 years$5,182$3,950$2,972$2,211$1,630$1,033
26 years$4,930$3,712$2,756$2,022$1,468$910
27 years$4,696$3,494$2,560$1,851$1,324$802
28 years$4,480$3,292$2,380$1,696$1,194$707
29 years$4,279$3,106$2,214$1,555$1,078$624
30 years$4,091$2,933$2,063$1,427$974$551
31 years$3,917$2,773$1,923$1,311$881$486
32 years$3,753$2,624$1,794$1,204$797$430
33 years$3,600$2,485$1,675$1,108$721$380
34 years$3,456$2,355$1,565$1,019$653$335
35 years$3,320$2,234$1,463$938$591$297
36 years$3,192$2,120$1,369$864$536$262
37 years$3,072$2,013$1,281$796$486$232
38 years$2,958$1,914$1,200$734$440$205
39 years$2,850$1,820$1,124$677$399$182
40 years$2,748$1,731$1,054$624$362$161
41 years$2,651$1,648$988$576$329$142
42 years$2,559$1,569$927$531$298$126
43 years$2,471$1,495$870$490$271$111
44 years$2,388$1,425$816$453$246$99
45 years$2,309$1,359$766$418$223$87
46 years$2,233$1,297$720$386$202$77
47 years$2,161$1,237$676$357$184$68
48 years$2,092$1,181$636$330$167$61
49 years$2,026$1,128$597$305$152$54
50 years$1,962$1,078$562$282$138$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,010,000, adding $2,572 every year, while hoping to spend $52,297 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: 60/25/15 Blend
57$2,010,000$2,010,000$2,010,000$2,010,000
58$2,217,673$2,111,143$2,079,988$2,342,215
59$2,388,232$2,158,945$2,094,024$2,474,275
60$2,574,435$2,207,337$2,106,777$2,612,198
61$2,777,823$2,256,293$2,118,150$2,761,422
62$3,000,092$2,305,782$2,128,039$2,923,044
63$3,243,109$2,355,772$2,136,335$3,098,273
64$3,508,928$2,406,227$2,142,925$3,288,443
65$3,799,815$2,457,109$2,147,689$3,495,020
66$4,118,261$2,508,372$2,150,501$3,719,621
67$4,467,010$2,559,969$2,151,230$3,964,030
68$4,849,086$2,611,848$2,149,737$4,230,208
69$5,267,816$2,663,952$2,145,877$4,520,320
70$5,726,867$2,716,219$2,139,497$4,836,750
71$6,230,275$2,768,581$2,130,438$5,182,125
72$6,782,488$2,820,967$2,118,532$5,559,340
73$7,388,404$2,873,296$2,103,605$5,971,586
74$8,053,417$2,925,483$2,085,472$6,422,380
75$8,783,470$2,977,437$2,063,940$6,915,598
76$9,585,110$3,029,057$2,038,808$7,455,509
77$10,465,547$3,080,237$2,009,864$8,046,823
78$11,432,726$3,130,862$1,976,888$8,694,726
79$12,495,398$3,180,808$1,939,647$9,404,937
80$13,663,203$3,229,942$1,897,899$10,183,759
81$14,946,762$3,278,121$1,851,391$11,038,137
82$16,357,776$3,325,194$1,799,858$11,975,728
83$17,909,137$3,370,996$1,743,020$13,004,969
84$19,615,047$3,415,353$1,680,590$14,135,160
85$21,491,154$3,458,077$1,612,262$15,376,553
86$23,554,698$3,498,969$1,537,719$16,740,444
87$25,824,674$3,537,816$1,456,629$18,239,287
88$28,322,011$3,574,388$1,368,646$19,886,805
89$31,069,767$3,608,445$1,273,407$21,698,126
90$34,093,350$3,639,726$1,170,533$23,689,924
91$37,420,755$3,667,955$1,059,629$25,880,574
92$41,082,826$3,692,839$940,280$28,290,330
93$45,113,550$3,714,064$812,056$30,941,516
94$49,550,378$3,731,298$674,505$33,858,737
95$54,434,571$3,744,187$527,156$37,069,111
96$59,811,600$3,752,354$369,518$40,602,526
97$65,731,563$3,755,400$201,077$44,491,925
98$72,249,667$3,752,899$21,297$48,773,616
99$79,426,742$3,744,400$0$53,487,615
100$87,329,818$3,729,424$0$58,705,326