Can I retire at age 58 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$177,545$175,964$174,421$172,915$171,444$167,096
2 years$87,894$86,257$84,670$83,132$81,640$77,288
3 years$58,014$56,370$54,787$53,263$51,796$47,575
4 years$43,077$41,438$39,871$38,373$36,941$32,885
5 years$34,117$32,488$30,942$29,474$28,082$24,201
6 years$28,145$26,529$25,005$23,571$22,220$18,519
7 years$23,882$22,279$20,780$19,379$18,071$14,550
8 years$20,686$19,097$17,623$16,257$14,992$11,648
9 years$18,201$16,627$15,178$13,847$12,625$9,457
10 years$16,215$14,656$13,233$11,936$10,757$7,761
11 years$14,590$13,048$11,650$10,388$9,252$6,422
12 years$13,238$11,711$10,339$9,112$8,017$5,350
13 years$12,094$10,583$9,237$8,044$6,991$4,480
14 years$11,115$9,620$8,300$7,141$6,128$3,769
15 years$10,267$8,788$7,494$6,368$5,396$3,182
16 years$9,525$8,063$6,794$5,702$4,769$2,694
17 years$8,872$7,425$6,182$5,123$4,229$2,287
18 years$8,292$6,861$5,644$4,617$3,760$1,945
19 years$7,773$6,359$5,166$4,172$3,351$1,657
20 years$7,307$5,909$4,742$3,779$2,993$1,414
21 years$6,886$5,504$4,361$3,429$2,679$1,208
22 years$6,504$5,138$4,020$3,118$2,401$1,033
23 years$6,155$4,805$3,711$2,840$2,155$885
24 years$5,836$4,502$3,432$2,590$1,937$758
25 years$5,543$4,225$3,179$2,365$1,743$650
26 years$5,273$3,971$2,948$2,163$1,570$557
27 years$5,023$3,737$2,738$1,980$1,416$478
28 years$4,792$3,522$2,545$1,814$1,277$410
29 years$4,577$3,322$2,369$1,663$1,153$352
30 years$4,376$3,137$2,206$1,526$1,042$303
31 years$4,189$2,966$2,057$1,402$942$260
32 years$4,014$2,806$1,919$1,288$852$224
33 years$3,850$2,658$1,792$1,185$771$192
34 years$3,696$2,519$1,674$1,090$698$165
35 years$3,551$2,389$1,565$1,003$633$142
36 years$3,415$2,268$1,464$924$573$122
37 years$3,286$2,154$1,370$852$519$105
38 years$3,164$2,047$1,283$785$471$90
39 years$3,049$1,946$1,202$724$427$78
40 years$2,939$1,852$1,127$667$387$67
41 years$2,836$1,763$1,057$616$351$58
42 years$2,737$1,679$991$568$319$50
43 years$2,644$1,599$930$525$289$43
44 years$2,555$1,525$873$484$263$37
45 years$2,470$1,454$820$447$238$32
46 years$2,389$1,387$770$413$217$27
47 years$2,311$1,324$723$382$197$23
48 years$2,237$1,264$680$353$179$20
49 years$2,167$1,207$639$326$162$17
50 years$2,099$1,153$601$301$147$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,150,000, adding $3,706 every year, while hoping to spend $53,731 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: 72/5/23 Blend
57$2,150,000$2,150,000$2,150,000$2,150,000
58$2,373,123$2,259,173$2,225,848$2,530,200
59$2,558,012$2,312,703$2,243,244$2,688,940
60$2,759,959$2,367,055$2,259,423$2,856,020
61$2,980,647$2,422,213$2,274,286$3,037,704
62$3,221,929$2,478,158$2,287,730$3,235,437
63$3,485,846$2,534,867$2,299,649$3,450,811
64$3,774,643$2,592,317$2,309,928$3,685,582
65$4,090,795$2,650,478$2,318,449$3,941,681
66$4,437,025$2,709,321$2,325,086$4,221,239
67$4,816,333$2,768,809$2,329,708$4,526,603
68$5,232,022$2,828,904$2,332,177$4,860,360
69$5,687,731$2,889,563$2,332,348$5,225,359
70$6,187,467$2,950,739$2,330,069$5,624,741
71$6,735,643$3,012,380$2,325,180$6,061,969
72$7,337,120$3,074,428$2,317,515$6,540,855
73$7,997,253$3,136,821$2,306,898$7,065,605
74$8,721,939$3,199,492$2,293,146$7,640,851
75$9,517,675$3,262,365$2,276,065$8,271,697
76$10,391,619$3,325,362$2,255,454$8,963,771
77$11,351,654$3,388,395$2,231,101$9,723,274
78$12,406,466$3,451,369$2,202,786$10,557,039
79$13,565,621$3,514,182$2,170,276$11,472,597
80$14,839,663$3,576,725$2,133,328$12,478,250
81$16,240,202$3,638,878$2,091,688$13,583,145
82$17,780,034$3,700,514$2,045,091$14,797,363
83$19,473,253$3,761,495$1,993,257$16,132,015
84$21,335,390$3,821,674$1,935,896$17,599,348
85$23,383,554$3,880,890$1,872,703$19,212,855
86$25,636,598$3,938,975$1,803,360$20,987,410
87$28,115,292$3,995,746$1,727,534$22,939,406
88$30,842,521$4,051,007$1,644,875$25,086,908
89$33,843,501$4,104,549$1,555,021$27,449,825
90$37,146,014$4,156,148$1,457,591$30,050,100
91$40,780,674$4,205,566$1,352,187$32,911,915
92$44,781,211$4,252,547$1,238,393$36,061,922
93$49,184,791$4,296,818$1,115,776$39,529,493
94$54,032,367$4,338,090$983,882$43,346,998
95$59,369,064$4,376,052$842,237$47,550,114
96$65,244,604$4,410,374$690,348$52,178,158
97$71,713,776$4,440,704$527,696$57,274,459
98$78,836,951$4,466,668$353,744$62,886,773
99$86,680,654$4,487,869$167,928$69,067,728
100$95,318,188$4,503,882$0$75,875,324