Can I retire at age 58 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$210,577$208,701$206,871$205,085$203,341$195,582
2 years$104,246$102,304$100,423$98,598$96,829$89,103
3 years$68,807$66,857$64,980$63,173$61,432$53,983
4 years$51,091$49,147$47,289$45,513$43,814$36,698
5 years$40,464$38,532$36,698$34,958$33,307$26,542
6 years$33,382$31,464$29,658$27,956$26,354$19,946
7 years$28,325$26,424$24,646$22,984$21,433$15,379
8 years$24,534$22,650$20,901$19,281$17,781$12,075
9 years$21,587$19,721$18,002$16,423$14,974$9,608
10 years$19,231$17,383$15,695$14,157$12,759$7,723
11 years$17,305$15,475$13,818$12,321$10,973$6,256
12 years$15,701$13,889$12,263$10,807$9,509$5,098
13 years$14,344$12,552$10,956$9,541$8,292$4,175
14 years$13,183$11,409$9,844$8,469$7,269$3,433
15 years$12,177$10,423$8,888$7,553$6,400$2,831
16 years$11,297$9,563$8,058$6,763$5,656$2,341
17 years$10,522$8,807$7,332$6,077$5,015$1,939
18 years$9,834$8,138$6,694$5,476$4,459$1,610
19 years$9,219$7,542$6,128$4,948$3,975$1,338
20 years$8,667$7,009$5,624$4,482$3,550$1,113
21 years$8,167$6,528$5,173$4,067$3,177$927
22 years$7,714$6,094$4,767$3,698$2,848$773
23 years$7,300$5,699$4,402$3,368$2,556$644
24 years$6,922$5,340$4,071$3,072$2,298$538
25 years$6,574$5,011$3,771$2,805$2,068$449
26 years$6,254$4,710$3,497$2,565$1,862$375
27 years$5,958$4,433$3,247$2,348$1,679$313
28 years$5,683$4,177$3,019$2,151$1,515$262
29 years$5,428$3,940$2,809$1,973$1,368$219
30 years$5,191$3,721$2,617$1,810$1,236$183
31 years$4,969$3,518$2,439$1,663$1,118$153
32 years$4,761$3,328$2,276$1,528$1,011$128
33 years$4,567$3,152$2,125$1,405$915$107
34 years$4,384$2,988$1,986$1,293$828$90
35 years$4,212$2,834$1,856$1,190$750$75
36 years$4,050$2,690$1,737$1,096$680$63
37 years$3,897$2,554$1,625$1,010$616$52
38 years$3,753$2,428$1,522$931$559$44
39 years$3,616$2,308$1,426$858$507$37
40 years$3,486$2,196$1,337$792$459$31
41 years$3,363$2,091$1,253$730$417$26
42 years$3,247$1,991$1,176$674$378$21
43 years$3,135$1,897$1,103$622$343$18
44 years$3,030$1,808$1,036$575$312$15
45 years$2,929$1,724$972$531$283$13
46 years$2,833$1,645$913$490$257$11
47 years$2,741$1,570$858$453$233$9
48 years$2,654$1,499$806$418$212$7
49 years$2,570$1,431$758$387$192$6
50 years$2,490$1,367$713$357$175$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,550,000, adding $6,189 every year, while hoping to spend $59,992 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: 67/10/23 Blend
57$2,550,000$2,550,000$2,550,000$2,550,000
58$2,816,484$2,681,334$2,641,809$2,988,249
59$3,039,934$2,748,888$2,666,479$3,171,866
60$3,284,166$2,817,742$2,689,964$3,365,160
61$3,551,235$2,887,896$2,712,162$3,575,151
62$3,843,406$2,959,348$2,732,964$3,803,486
63$4,163,172$3,032,094$2,752,257$4,051,977
64$4,513,277$3,106,128$2,769,919$4,322,623
65$4,896,745$3,181,443$2,785,826$4,617,625
66$5,316,906$3,258,026$2,799,843$4,939,407
67$5,777,424$3,335,863$2,811,832$5,290,643
68$6,282,338$3,414,937$2,821,645$5,674,278
69$6,836,095$3,495,228$2,829,129$6,093,556
70$7,443,594$3,576,711$2,834,122$6,552,053
71$8,110,230$3,659,359$2,836,454$7,053,710
72$8,841,945$3,743,139$2,835,947$7,602,868
73$9,645,286$3,828,016$2,832,414$8,204,315
74$10,527,464$3,913,947$2,825,658$8,863,321
75$11,496,422$4,000,888$2,815,475$9,585,701
76$12,560,912$4,088,785$2,801,648$10,377,857
77$13,730,573$4,177,584$2,783,951$11,246,848
78$15,016,025$4,267,219$2,762,147$12,200,453
79$16,428,969$4,357,622$2,735,988$13,247,245
80$17,982,294$4,448,717$2,705,215$14,396,671
81$19,690,203$4,540,418$2,669,553$15,659,142
82$21,568,339$4,632,634$2,628,720$17,046,135
83$23,633,943$4,725,266$2,582,414$18,570,295
84$25,906,005$4,818,204$2,530,326$20,245,559
85$28,405,452$4,911,331$2,472,126$22,087,289
86$31,155,339$5,004,517$2,407,473$24,112,412
87$34,181,069$5,097,624$2,336,009$26,339,585
88$37,510,632$5,190,501$2,257,359$28,789,370
89$41,174,868$5,282,987$2,171,132$31,484,427
90$45,207,758$5,374,907$2,076,918$34,449,731
91$49,646,743$5,466,072$1,974,289$37,712,805
92$54,533,081$5,556,279$1,862,798$41,303,984
93$59,912,230$5,645,312$1,741,976$45,256,697
94$65,834,281$5,732,935$1,611,336$49,607,788
95$72,354,427$5,818,898$1,470,365$54,397,863
96$79,533,487$5,902,933$1,318,531$59,671,671
97$87,438,477$5,984,751$1,155,276$65,478,530
98$96,143,242$6,064,044$980,018$71,872,794
99$105,729,153$6,140,483$792,149$78,914,362
100$116,285,875$6,213,715$591,035$86,669,251