Can I retire at age 58 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$214,706$212,793$210,927$209,106$207,328$205,419
2 years$106,290$104,310$102,392$100,532$98,727$96,804
3 years$70,156$68,168$66,254$64,412$62,637$60,759
4 years$52,093$50,111$48,216$46,405$44,673$42,855
5 years$41,257$39,287$37,418$35,643$33,960$32,207
6 years$34,036$32,081$30,239$28,504$26,871$25,185
7 years$28,880$26,942$25,129$23,435$21,853$20,236
8 years$25,015$23,094$21,311$19,659$18,130$16,580
9 years$22,011$20,107$18,355$16,745$15,268$13,785
10 years$19,608$17,724$16,003$14,434$13,009$11,593
11 years$17,644$15,778$14,088$12,562$11,188$9,838
12 years$16,008$14,162$12,503$11,019$9,695$8,409
13 years$14,625$12,798$11,171$9,728$8,455$7,231
14 years$13,441$11,633$10,037$8,635$7,411$6,249
15 years$12,415$10,627$9,062$7,701$6,525$5,422
16 years$11,519$9,750$8,216$6,896$5,767$4,721
17 years$10,729$8,980$7,476$6,196$5,114$4,124
18 years$10,027$8,298$6,825$5,584$4,547$3,611
19 years$9,400$7,690$6,248$5,045$4,053$3,168
20 years$8,837$7,146$5,734$4,569$3,620$2,786
21 years$8,327$6,656$5,274$4,147$3,239$2,453
22 years$7,865$6,213$4,861$3,771$2,904$2,163
23 years$7,443$5,811$4,488$3,434$2,606$1,910
24 years$7,058$5,445$4,151$3,132$2,343$1,688
25 years$6,703$5,110$3,845$2,860$2,108$1,494
26 years$6,377$4,802$3,566$2,615$1,899$1,323
27 years$6,075$4,519$3,311$2,394$1,712$1,172
28 years$5,795$4,259$3,078$2,193$1,545$1,040
29 years$5,535$4,018$2,864$2,011$1,395$922
30 years$5,292$3,794$2,668$1,846$1,260$819
31 years$5,066$3,587$2,487$1,695$1,140$727
32 years$4,855$3,394$2,321$1,558$1,031$646
33 years$4,656$3,214$2,167$1,433$933$574
34 years$4,470$3,046$2,025$1,318$845$511
35 years$4,295$2,889$1,893$1,213$765$454
36 years$4,129$2,742$1,771$1,118$693$404
37 years$3,974$2,604$1,657$1,030$628$359
38 years$3,826$2,475$1,552$949$570$320
39 years$3,687$2,354$1,454$875$516$285
40 years$3,555$2,239$1,363$807$468$253
41 years$3,429$2,132$1,278$745$425$226
42 years$3,310$2,030$1,199$687$386$201
43 years$3,197$1,934$1,125$634$350$179
44 years$3,089$1,844$1,056$586$318$159
45 years$2,986$1,758$991$541$288$142
46 years$2,889$1,677$931$500$262$126
47 years$2,795$1,601$875$462$238$113
48 years$2,706$1,528$822$427$216$100
49 years$2,620$1,459$773$394$196$89
50 years$2,539$1,394$726$364$178$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,600,000, adding $3,228 every year, while hoping to spend $42,320 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: 30/41/29 Blend
57$2,600,000$2,600,000$2,600,000$2,600,000
58$2,868,530$2,730,730$2,690,430$2,928,956
59$3,116,092$2,819,507$2,735,531$3,065,421
60$3,387,486$2,911,217$2,780,725$3,208,219
61$3,685,100$3,005,957$2,825,969$3,361,005
62$4,011,562$3,103,830$2,871,221$3,524,681
63$4,369,766$3,204,942$2,916,431$3,700,235
64$4,762,901$3,309,403$2,961,550$3,888,753
65$5,194,479$3,417,326$3,006,525$4,091,429
66$5,668,370$3,528,829$3,051,297$4,309,576
67$6,188,835$3,644,034$3,095,808$4,544,637
68$6,760,571$3,763,065$3,139,991$4,798,199
69$7,388,748$3,886,054$3,183,780$5,072,008
70$8,079,065$4,013,136$3,227,101$5,367,985
71$8,837,799$4,144,449$3,269,878$5,688,240
72$9,671,866$4,280,139$3,312,031$6,035,100
73$10,588,885$4,420,354$3,353,473$6,411,121
74$11,597,251$4,565,251$3,394,114$6,819,118
75$12,706,212$4,714,989$3,433,858$7,262,189
76$13,925,956$4,869,735$3,472,603$7,743,745
77$15,267,712$5,029,660$3,510,243$8,267,538
78$16,743,848$5,194,943$3,546,666$8,837,701
79$18,367,993$5,365,767$3,581,751$9,458,783
80$20,155,163$5,542,325$3,615,375$10,135,794
81$22,121,904$5,724,813$3,647,405$10,874,249
82$24,286,446$5,913,437$3,677,701$11,680,222
83$26,668,878$6,108,409$3,706,117$12,560,401
84$29,291,331$6,309,949$3,732,500$13,522,152
85$32,178,195$6,518,285$3,756,687$14,573,588
86$35,356,342$6,733,652$3,778,507$15,723,642
87$38,855,383$6,956,295$3,797,782$16,982,157
88$42,707,946$7,186,468$3,814,322$18,359,971
89$46,949,985$7,424,433$3,827,929$19,869,024
90$51,621,114$7,670,461$3,838,396$21,522,468
91$56,764,989$7,924,835$3,845,504$23,334,791
92$62,429,713$8,187,847$3,849,023$25,321,953
93$68,668,292$8,459,799$3,848,713$27,501,537
94$75,539,134$8,741,006$3,844,321$29,892,911
95$83,106,602$9,031,792$3,835,582$32,517,415
96$91,441,620$9,332,494$3,822,219$35,398,557
97$100,622,341$9,643,463$3,803,940$38,562,239
98$110,734,887$9,965,059$3,780,439$42,036,997
99$121,874,158$10,297,660$3,751,396$45,854,271
100$134,144,731$10,641,654$3,716,476$50,048,701