Can I retire at age 58 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$205,622$203,790$202,003$200,259$198,556$193,208
2 years$101,793$99,897$98,060$96,278$94,551$89,200
3 years$67,188$65,284$63,451$61,687$59,987$54,802
4 years$49,889$47,991$46,176$44,442$42,783$37,804
5 years$39,512$37,625$35,835$34,135$32,523$27,763
6 years$32,596$30,724$28,960$27,298$25,734$21,198
7 years$27,659$25,802$24,066$22,444$20,929$16,617
8 years$23,957$22,117$20,410$18,827$17,363$13,272
9 years$21,079$19,257$17,579$16,037$14,622$10,749
10 years$18,779$16,974$15,326$13,824$12,458$8,799
11 years$16,898$15,111$13,492$12,031$10,715$7,263
12 years$15,331$13,563$11,974$10,553$9,285$6,034
13 years$14,007$12,257$10,698$9,316$8,097$5,040
14 years$12,872$11,141$9,612$8,270$7,098$4,228
15 years$11,890$10,178$8,679$7,375$6,249$3,559
16 years$11,032$9,338$7,868$6,604$5,523$3,005
17 years$10,275$8,600$7,160$5,934$4,897$2,543
18 years$9,603$7,946$6,536$5,347$4,354$2,157
19 years$9,002$7,365$5,984$4,832$3,881$1,832
20 years$8,463$6,844$5,491$4,376$3,467$1,559
21 years$7,975$6,375$5,051$3,972$3,102$1,328
22 years$7,532$5,950$4,655$3,611$2,781$1,132
23 years$7,129$5,565$4,298$3,289$2,496$966
24 years$6,759$5,214$3,975$2,999$2,244$825
25 years$6,420$4,893$3,682$2,739$2,019$705
26 years$6,107$4,599$3,415$2,505$1,819$603
27 years$5,818$4,328$3,171$2,293$1,640$515
28 years$5,550$4,078$2,948$2,100$1,479$441
29 years$5,301$3,848$2,743$1,926$1,336$378
30 years$5,069$3,634$2,555$1,768$1,207$323
31 years$4,852$3,435$2,382$1,624$1,091$277
32 years$4,649$3,250$2,223$1,492$987$237
33 years$4,459$3,078$2,075$1,372$893$203
34 years$4,281$2,917$1,939$1,262$809$174
35 years$4,113$2,767$1,813$1,162$733$149
36 years$3,955$2,626$1,696$1,070$664$128
37 years$3,805$2,494$1,587$986$602$110
38 years$3,664$2,370$1,486$909$545$94
39 years$3,531$2,254$1,393$838$495$81
40 years$3,404$2,145$1,305$773$449$69
41 years$3,284$2,041$1,224$713$407$59
42 years$3,170$1,944$1,148$658$369$51
43 years$3,062$1,852$1,077$608$335$44
44 years$2,958$1,766$1,011$561$304$37
45 years$2,860$1,684$950$518$276$32
46 years$2,766$1,606$892$479$251$27
47 years$2,677$1,533$838$442$228$24
48 years$2,591$1,463$787$409$207$20
49 years$2,509$1,397$740$378$188$17
50 years$2,431$1,335$696$349$171$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,490,000, adding $2,931 every year, while hoping to spend $48,523 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: 68/9/23 Blend
57$2,490,000$2,490,000$2,490,000$2,490,000
58$2,747,003$2,615,033$2,576,438$2,917,566
59$2,975,570$2,691,542$2,611,121$3,108,764
60$3,225,823$2,770,173$2,645,339$3,311,984
61$3,499,925$2,850,980$2,679,026$3,533,159
62$3,800,256$2,934,015$2,712,111$3,774,059
63$4,129,434$3,019,335$2,744,520$4,036,636
64$4,490,349$3,106,994$2,776,173$4,323,041
65$4,886,177$3,197,050$2,806,988$4,635,641
66$5,320,421$3,289,559$2,836,875$4,977,044
67$5,796,937$3,384,581$2,865,744$5,350,123
68$6,319,973$3,482,174$2,893,495$5,758,046
69$6,894,210$3,582,400$2,920,027$6,204,300
70$7,524,801$3,685,319$2,945,229$6,692,728
71$8,217,424$3,790,993$2,968,988$7,227,563
72$8,978,336$3,899,486$2,991,184$7,813,471
73$9,814,427$4,010,862$3,011,689$8,455,591
74$10,733,288$4,125,184$3,030,370$9,159,588
75$11,743,284$4,242,518$3,047,088$9,931,701
76$12,853,628$4,362,931$3,061,695$10,778,806
77$14,074,472$4,486,488$3,074,035$11,708,481
78$15,417,000$4,613,258$3,083,947$12,729,073
79$16,893,534$4,743,308$3,091,260$13,849,784
80$18,517,651$4,876,706$3,095,793$15,080,750
81$20,304,308$5,013,521$3,097,359$16,433,143
82$22,269,987$5,153,823$3,095,760$17,919,272
83$24,432,846$5,297,681$3,090,788$19,552,702
84$26,812,893$5,445,165$3,082,227$21,348,382
85$29,432,174$5,596,343$3,069,847$23,322,784
86$32,314,979$5,751,288$3,053,410$25,494,061
87$35,488,073$5,910,067$3,032,666$27,882,216
88$38,980,947$6,072,751$3,007,351$30,509,293
89$42,826,097$6,239,408$2,977,190$33,399,585
90$47,059,328$6,410,109$2,941,895$36,579,861
91$51,720,096$6,584,920$2,901,164$40,079,623
92$56,851,874$6,763,910$2,854,682$43,931,379
93$62,502,568$6,947,144$2,802,117$48,170,956
94$68,724,964$7,134,689$2,743,122$52,837,834
95$75,577,230$7,326,608$2,677,336$57,975,521
96$83,123,460$7,522,964$2,604,379$63,631,964
97$91,434,282$7,723,818$2,523,855$69,860,001
98$100,587,523$7,929,229$2,435,348$76,717,859
99$110,668,943$8,139,255$2,338,425$84,269,705
100$121,773,045$8,353,948$2,232,632$92,586,255