Can I retire at age 58 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$207,273$205,427$203,626$201,868$200,151$192,438
2 years$102,611$100,700$98,848$97,052$95,310$87,631
3 years$67,728$65,808$63,961$62,182$60,469$53,066
4 years$50,289$48,376$46,547$44,799$43,127$36,056
5 years$39,829$37,927$36,122$34,410$32,784$26,064
6 years$32,858$30,971$29,192$27,518$25,941$19,576
7 years$27,881$26,009$24,259$22,624$21,097$15,085
8 years$24,149$22,295$20,574$18,979$17,502$11,837
9 years$21,249$19,411$17,720$16,166$14,739$9,413
10 years$18,930$17,110$15,449$13,935$12,559$7,561
11 years$17,033$15,232$13,601$12,127$10,801$6,121
12 years$15,454$13,672$12,070$10,637$9,360$4,985
13 years$14,119$12,355$10,784$9,391$8,162$4,080
14 years$12,976$11,230$9,690$8,337$7,155$3,352
15 years$11,986$10,259$8,748$7,435$6,300$2,762
16 years$11,120$9,413$7,932$6,657$5,568$2,282
17 years$10,357$8,669$7,217$5,981$4,937$1,889
18 years$9,680$8,010$6,589$5,390$4,389$1,567
19 years$9,075$7,424$6,032$4,871$3,912$1,301
20 years$8,531$6,899$5,535$4,411$3,495$1,082
21 years$8,039$6,426$5,092$4,003$3,127$900
22 years$7,593$5,998$4,693$3,640$2,803$750
23 years$7,186$5,610$4,333$3,315$2,516$625
24 years$6,813$5,256$4,007$3,024$2,262$521
25 years$6,471$4,933$3,711$2,761$2,035$435
26 years$6,156$4,636$3,442$2,525$1,833$363
27 years$5,864$4,363$3,196$2,311$1,653$303
28 years$5,594$4,111$2,971$2,117$1,491$253
29 years$5,343$3,878$2,765$1,942$1,347$211
30 years$5,109$3,663$2,576$1,782$1,217$176
31 years$4,891$3,463$2,401$1,637$1,100$147
32 years$4,687$3,276$2,240$1,504$995$123
33 years$4,495$3,103$2,092$1,383$901$103
34 years$4,315$2,941$1,954$1,273$815$86
35 years$4,146$2,789$1,827$1,171$738$72
36 years$3,986$2,647$1,709$1,079$669$60
37 years$3,836$2,514$1,600$994$606$50
38 years$3,694$2,390$1,498$916$550$42
39 years$3,559$2,272$1,404$845$499$35
40 years$3,432$2,162$1,316$779$452$29
41 years$3,311$2,058$1,234$719$410$25
42 years$3,196$1,960$1,157$664$372$21
43 years$3,086$1,867$1,086$612$338$17
44 years$2,982$1,780$1,019$566$307$14
45 years$2,883$1,697$957$522$278$12
46 years$2,789$1,619$899$482$253$10
47 years$2,698$1,545$845$446$230$8
48 years$2,612$1,475$794$412$208$7
49 years$2,530$1,409$746$381$189$6
50 years$2,451$1,346$701$352$172$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,510,000, adding $5,659 every year, while hoping to spend $22,658 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: 65/13/22 Blend
57$2,510,000$2,510,000$2,510,000$2,510,000
58$2,771,857$2,638,827$2,599,922$2,936,015
59$3,030,479$2,744,022$2,662,912$3,152,330
60$3,314,720$2,853,612$2,727,252$3,385,567
61$3,627,171$2,967,788$2,792,964$3,639,949
62$3,970,684$3,086,751$2,860,070$3,917,553
63$4,348,402$3,210,710$2,928,590$4,220,662
64$4,763,787$3,339,883$2,998,546$4,551,793
65$5,220,654$3,474,498$3,069,959$4,913,713
66$5,723,208$3,614,795$3,142,849$5,309,470
67$6,276,078$3,761,023$3,217,238$5,742,422
68$6,884,368$3,913,443$3,293,145$6,216,262
69$7,553,700$4,072,328$3,370,591$6,735,061
70$8,290,267$4,237,963$3,449,597$7,303,298
71$9,100,897$4,410,645$3,530,181$7,925,909
72$9,993,109$4,590,687$3,612,362$8,608,327
73$10,975,190$4,778,415$3,696,160$9,356,536
74$12,056,271$4,974,169$3,781,593$10,177,128
75$13,246,414$5,178,306$3,868,679$11,077,363
76$14,556,703$5,391,198$3,957,435$12,065,235
77$15,999,355$5,613,236$4,047,878$13,149,553
78$17,587,831$5,844,826$4,140,023$14,340,018
79$19,336,962$6,086,394$4,233,887$15,647,314
80$21,263,093$6,338,388$4,329,482$17,083,215
81$23,384,232$6,601,273$4,426,824$18,660,685
82$25,720,225$6,875,537$4,525,924$20,394,011
83$28,292,940$7,161,690$4,626,794$22,298,928
84$31,126,473$7,460,266$4,729,445$24,392,772
85$34,247,377$7,771,823$4,833,885$26,694,642
86$37,684,913$8,096,946$4,940,124$29,225,577
87$41,471,323$8,436,245$5,048,167$32,008,759
88$45,642,137$8,790,360$5,158,019$35,069,726
89$50,236,507$9,159,960$5,269,685$38,436,615
90$55,297,578$9,545,745$5,383,167$42,140,426
91$60,872,892$9,948,447$5,498,464$46,215,313
92$67,014,839$10,368,833$5,615,574$50,698,909
93$73,781,151$10,807,705$5,734,495$55,632,676
94$81,235,447$11,265,901$5,855,219$61,062,296
95$89,447,833$11,744,301$5,977,739$67,038,105
96$98,495,563$12,243,823$6,102,045$73,615,563
97$108,463,769$12,765,429$6,228,122$80,855,778
98$119,446,265$13,310,126$6,355,955$88,826,083
99$131,546,429$13,878,967$6,485,525$97,600,668
100$144,878,185$14,473,056$6,616,810$107,261,280