Can I retire at age 58 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$189,106$187,422$185,778$184,174$182,608$178,848
2 years$93,617$91,873$90,184$88,545$86,956$83,185
3 years$61,791$60,040$58,355$56,732$55,169$51,504
4 years$45,882$44,136$42,467$40,872$39,347$35,817
5 years$36,338$34,603$32,956$31,394$29,911$26,526
6 years$29,978$28,256$26,634$25,106$23,667$20,431
7 years$25,437$23,729$22,133$20,641$19,248$16,161
8 years$22,033$20,340$18,770$17,315$15,968$13,029
9 years$19,386$17,710$16,167$14,749$13,447$10,655
10 years$17,270$15,611$14,095$12,713$11,458$8,809
11 years$15,540$13,897$12,409$11,065$9,854$7,345
12 years$14,100$12,473$11,012$9,705$8,539$6,167
13 years$12,882$11,272$9,839$8,568$7,446$5,206
14 years$11,838$10,246$8,840$7,606$6,528$4,415
15 years$10,935$9,360$7,982$6,783$5,747$3,759
16 years$10,146$8,588$7,236$6,073$5,080$3,210
17 years$9,450$7,909$6,585$5,457$4,504$2,748
18 years$8,832$7,308$6,011$4,918$4,005$2,358
19 years$8,279$6,773$5,503$4,444$3,569$2,027
20 years$7,783$6,294$5,050$4,025$3,188$1,746
21 years$7,334$5,863$4,645$3,653$2,853$1,505
22 years$6,927$5,472$4,281$3,321$2,557$1,299
23 years$6,556$5,118$3,953$3,025$2,296$1,123
24 years$6,216$4,796$3,656$2,759$2,063$971
25 years$5,904$4,500$3,386$2,519$1,857$840
26 years$5,616$4,230$3,140$2,303$1,673$728
27 years$5,350$3,981$2,916$2,108$1,508$631
28 years$5,104$3,751$2,711$1,932$1,361$547
29 years$4,875$3,539$2,523$1,771$1,229$474
30 years$4,661$3,342$2,350$1,626$1,110$411
31 years$4,462$3,159$2,191$1,493$1,004$357
32 years$4,276$2,989$2,044$1,372$908$310
33 years$4,101$2,831$1,908$1,262$822$269
34 years$3,937$2,683$1,783$1,161$744$234
35 years$3,783$2,545$1,667$1,069$674$203
36 years$3,637$2,415$1,560$984$610$176
37 years$3,500$2,294$1,460$907$553$153
38 years$3,370$2,180$1,367$836$502$133
39 years$3,247$2,073$1,281$771$455$116
40 years$3,131$1,972$1,200$711$413$101
41 years$3,020$1,877$1,126$656$374$87
42 years$2,916$1,788$1,056$605$340$76
43 years$2,816$1,704$991$559$308$66
44 years$2,721$1,624$930$516$280$57
45 years$2,630$1,549$873$477$254$50
46 years$2,544$1,477$820$440$231$43
47 years$2,462$1,410$771$407$209$38
48 years$2,383$1,346$724$376$190$33
49 years$2,308$1,285$681$347$173$28
50 years$2,236$1,228$640$321$157$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,290,000, adding $6,169 every year, while hoping to spend $49,902 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: 63/21/16 Blend
57$2,290,000$2,290,000$2,290,000$2,290,000
58$2,529,943$2,408,573$2,373,078$2,678,927
59$2,734,902$2,473,498$2,399,481$2,844,641
60$2,959,094$2,539,932$2,425,096$3,019,293
61$3,204,429$2,607,895$2,449,844$3,208,821
62$3,473,008$2,677,410$2,473,641$3,414,675
63$3,767,147$2,748,494$2,496,400$3,638,453
64$4,089,394$2,821,169$2,518,027$3,881,914
65$4,442,558$2,895,452$2,538,427$4,146,994
66$4,829,730$2,971,360$2,557,495$4,435,828
67$5,254,315$3,048,909$2,575,124$4,750,765
68$5,720,064$3,128,115$2,591,200$5,094,394
69$6,231,109$3,208,991$2,605,603$5,469,567
70$6,792,000$3,291,549$2,618,209$5,879,424
71$7,407,749$3,375,800$2,628,884$6,327,427
72$8,083,878$3,461,753$2,637,490$6,817,388
73$8,826,469$3,549,415$2,643,881$7,353,507
74$9,642,223$3,638,789$2,647,905$7,940,412
75$10,538,520$3,729,881$2,649,400$8,583,202
76$11,523,492$3,822,688$2,648,198$9,287,494
77$12,606,098$3,917,209$2,644,123$10,059,479
78$13,796,207$4,013,440$2,636,988$10,905,976
79$15,104,692$4,111,370$2,626,599$11,834,501
80$16,543,532$4,210,989$2,612,752$12,853,334
81$18,125,926$4,312,281$2,595,233$13,971,600
82$19,866,416$4,415,228$2,573,818$15,199,354
83$21,781,022$4,519,806$2,548,273$16,547,674
84$23,887,398$4,625,988$2,518,351$18,028,771
85$26,204,992$4,733,741$2,483,795$19,656,097
86$28,755,235$4,843,028$2,444,336$21,444,477
87$31,561,738$4,953,806$2,399,691$23,410,250
88$34,650,519$5,066,026$2,349,565$25,571,418
89$38,050,245$5,179,634$2,293,648$27,947,820
90$41,792,502$5,294,568$2,231,617$30,561,320
91$45,912,094$5,410,759$2,163,133$33,436,009
92$50,447,373$5,528,132$2,087,844$36,598,439
93$55,440,597$5,646,602$2,005,378$40,077,867
94$60,938,328$5,766,075$1,915,348$43,906,537
95$66,991,875$5,886,451$1,817,350$48,119,981
96$73,657,776$6,007,617$1,710,961$52,757,357
97$80,998,331$6,129,451$1,595,740$57,861,817
98$89,082,186$6,251,821$1,471,223$63,480,916
99$97,984,989$6,374,580$1,336,929$69,667,059
100$107,790,095$6,497,571$1,192,353$76,478,001