Can I retire at age 58 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$213,880$211,975$210,116$208,302$206,530$200,079
2 years$105,881$103,909$101,998$100,145$98,348$91,906
3 years$69,886$67,906$65,999$64,164$62,396$56,165
4 years$51,892$49,918$48,031$46,226$44,501$38,530
5 years$41,099$39,136$37,274$35,506$33,829$28,133
6 years$33,905$31,958$30,123$28,395$26,768$21,351
7 years$28,769$26,838$25,032$23,345$21,769$16,632
8 years$24,919$23,005$21,229$19,583$18,060$13,199
9 years$21,926$20,030$18,285$16,681$15,209$10,619
10 years$19,533$17,656$15,941$14,379$12,959$8,633
11 years$17,576$15,718$14,034$12,514$11,145$7,075
12 years$15,947$14,107$12,455$10,976$9,658$5,836
13 years$14,569$12,749$11,128$9,691$8,422$4,838
14 years$13,389$11,588$9,998$8,602$7,383$4,028
15 years$12,368$10,586$9,027$7,672$6,500$3,365
16 years$11,475$9,713$8,184$6,869$5,745$2,818
17 years$10,688$8,945$7,448$6,172$5,094$2,366
18 years$9,989$8,266$6,799$5,562$4,529$1,990
19 years$9,364$7,660$6,224$5,026$4,037$1,677
20 years$8,803$7,118$5,712$4,552$3,606$1,415
21 years$8,295$6,631$5,254$4,131$3,227$1,195
22 years$7,835$6,189$4,842$3,756$2,892$1,010
23 years$7,415$5,789$4,471$3,421$2,596$854
24 years$7,030$5,424$4,135$3,120$2,334$723
25 years$6,677$5,090$3,830$2,849$2,100$613
26 years$6,352$4,784$3,552$2,605$1,892$519
27 years$6,051$4,502$3,298$2,385$1,705$440
28 years$5,773$4,242$3,066$2,185$1,539$373
29 years$5,513$4,002$2,853$2,004$1,390$317
30 years$5,272$3,780$2,658$1,839$1,256$269
31 years$5,047$3,573$2,478$1,689$1,135$228
32 years$4,836$3,381$2,312$1,552$1,027$194
33 years$4,638$3,202$2,159$1,427$929$164
34 years$4,453$3,034$2,017$1,313$841$139
35 years$4,278$2,878$1,886$1,209$762$118
36 years$4,114$2,732$1,764$1,113$690$101
37 years$3,958$2,594$1,651$1,026$626$85
38 years$3,811$2,466$1,546$945$567$73
39 years$3,673$2,345$1,448$872$514$62
40 years$3,541$2,231$1,358$804$467$52
41 years$3,416$2,123$1,273$742$423$44
42 years$3,297$2,022$1,194$685$384$38
43 years$3,185$1,927$1,121$632$349$32
44 years$3,077$1,837$1,052$584$316$27
45 years$2,975$1,751$988$539$287$23
46 years$2,877$1,671$928$498$261$20
47 years$2,784$1,594$871$460$237$17
48 years$2,695$1,522$819$425$215$14
49 years$2,610$1,454$770$393$195$12
50 years$2,529$1,388$724$363$177$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,590,000, adding $3,833 every year, while hoping to spend $22,731 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: 37/40/23 Blend
57$2,590,000$2,590,000$2,590,000$2,590,000
58$2,858,134$2,720,864$2,680,719$2,944,013
59$3,125,478$2,830,000$2,746,337$3,116,242
60$3,419,329$2,943,723$2,813,392$3,299,763
61$3,742,367$3,062,232$2,881,907$3,497,543
62$4,097,545$3,185,738$2,951,907$3,710,878
63$4,488,114$3,314,459$3,023,416$3,941,193
64$4,917,660$3,448,625$3,096,458$4,190,050
65$5,390,129$3,588,475$3,171,057$4,459,166
66$5,909,872$3,734,261$3,247,238$4,750,426
67$6,481,683$3,886,243$3,325,024$5,065,900
68$7,110,842$4,044,696$3,404,440$5,407,861
69$7,803,167$4,209,906$3,485,509$5,778,808
70$8,565,072$4,382,173$3,568,254$6,181,487
71$9,403,619$4,561,809$3,652,700$6,618,914
72$10,326,592$4,749,142$3,738,870$7,094,407
73$11,342,569$4,944,514$3,826,786$7,611,612
74$12,460,999$5,148,284$3,916,472$8,174,537
75$13,692,296$5,360,824$4,007,949$8,787,592
76$15,047,933$5,582,528$4,101,238$9,455,623
77$16,540,555$5,813,805$4,196,363$10,183,964
78$18,184,093$6,055,083$4,293,342$10,978,480
79$19,993,899$6,306,810$4,392,197$11,845,622
80$21,986,888$6,569,455$4,492,947$12,792,491
81$24,181,701$6,843,509$4,595,611$13,826,895
82$26,598,877$7,129,483$4,700,207$14,957,431
83$29,261,051$7,427,916$4,806,752$16,193,555
84$32,193,163$7,739,369$4,915,263$17,545,678
85$35,422,695$8,064,428$5,025,755$19,025,254
86$38,979,934$8,403,709$5,138,241$20,644,895
87$42,898,251$8,757,854$5,252,736$22,418,479
88$47,214,421$9,127,537$5,369,251$24,361,288
89$51,968,967$9,513,462$5,487,796$26,490,141
90$57,206,546$9,916,366$5,608,381$28,823,559
91$62,976,365$10,337,019$5,731,013$31,381,931
92$69,332,650$10,776,229$5,855,698$34,187,707
93$76,335,156$11,234,840$5,982,440$37,265,607
94$84,049,731$11,713,736$6,111,241$40,642,851
95$92,548,937$12,213,842$6,242,100$44,349,415
96$101,912,735$12,736,127$6,375,017$48,418,307
97$112,229,240$13,281,603$6,509,986$52,885,879
98$123,595,553$13,851,332$6,647,002$57,792,168
99$136,118,676$14,446,424$6,786,053$63,181,267
100$149,916,524$15,068,042$6,927,129$69,101,738