Can I retire at age 58 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$215,531$213,612$211,738$209,910$208,125$207,074
2 years$106,699$104,712$102,786$100,918$99,107$98,046
3 years$70,426$68,430$66,509$64,659$62,878$61,840
4 years$52,293$50,303$48,402$46,583$44,845$43,838
5 years$41,416$39,438$37,562$35,781$34,090$33,118
6 years$34,167$32,204$30,355$28,614$26,975$26,037
7 years$28,992$27,045$25,225$23,525$21,938$21,036
8 years$25,112$23,183$21,393$19,735$18,199$17,334
9 years$22,095$20,185$18,426$16,810$15,326$14,497
10 years$19,684$17,792$16,064$14,490$13,059$12,265
11 years$17,712$15,839$14,143$12,611$11,231$10,472
12 years$16,070$14,216$12,551$11,061$9,733$9,007
13 years$14,682$12,847$11,214$9,765$8,487$7,795
14 years$13,493$11,678$10,076$8,669$7,440$6,780
15 years$12,463$10,668$9,097$7,731$6,550$5,923
16 years$11,563$9,788$8,248$6,922$5,789$5,193
17 years$10,770$9,014$7,505$6,220$5,133$4,567
18 years$10,066$8,329$6,851$5,605$4,564$4,027
19 years$9,436$7,720$6,272$5,065$4,068$3,559
20 years$8,871$7,173$5,756$4,587$3,634$3,152
21 years$8,359$6,682$5,294$4,163$3,252$2,796
22 years$7,895$6,237$4,880$3,785$2,915$2,484
23 years$7,472$5,834$4,505$3,447$2,617$2,210
24 years$7,085$5,466$4,167$3,144$2,352$1,969
25 years$6,729$5,129$3,859$2,871$2,116$1,756
26 years$6,401$4,821$3,579$2,625$1,906$1,567
27 years$6,098$4,537$3,324$2,403$1,719$1,399
28 years$5,817$4,275$3,090$2,202$1,551$1,251
29 years$5,556$4,033$2,875$2,019$1,400$1,119
30 years$5,313$3,809$2,678$1,853$1,265$1,001
31 years$5,086$3,600$2,497$1,702$1,144$897
32 years$4,873$3,407$2,330$1,564$1,035$803
33 years$4,674$3,226$2,175$1,438$936$720
34 years$4,487$3,058$2,032$1,323$848$645
35 years$4,311$2,900$1,900$1,218$768$579
36 years$4,145$2,753$1,778$1,122$696$519
37 years$3,989$2,615$1,664$1,034$631$466
38 years$3,841$2,485$1,558$953$572$418
39 years$3,701$2,363$1,460$879$518$375
40 years$3,568$2,248$1,368$810$470$337
41 years$3,442$2,140$1,283$748$427$302
42 years$3,323$2,038$1,203$690$387$272
43 years$3,209$1,942$1,129$637$351$244
44 years$3,101$1,851$1,060$588$319$219
45 years$2,998$1,765$995$543$290$197
46 years$2,900$1,684$935$502$263$177
47 years$2,806$1,607$878$463$239$159
48 years$2,716$1,534$825$428$217$143
49 years$2,630$1,465$776$396$197$128
50 years$2,548$1,399$729$366$179$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,610,000, adding $6,112 every year, while hoping to spend $54,275 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: 41/43/16 Blend
57$2,610,000$2,610,000$2,610,000$2,610,000
58$2,882,525$2,744,195$2,703,740$2,986,866
59$3,118,794$2,820,912$2,736,567$3,138,022
60$3,377,344$2,899,569$2,768,674$3,295,754
61$3,660,389$2,980,205$2,799,981$3,465,316
62$3,970,370$3,062,856$2,830,402$3,647,815
63$4,309,972$3,147,560$2,859,845$3,844,467
64$4,682,154$3,234,356$2,888,214$4,056,609
65$5,090,175$3,323,280$2,915,411$4,285,714
66$5,537,622$3,414,370$2,941,327$4,533,403
67$6,028,450$3,507,664$2,965,851$4,801,460
68$6,567,010$3,603,198$2,988,865$5,091,850
69$7,158,098$3,701,009$3,010,246$5,406,735
70$7,806,997$3,801,131$3,029,862$5,748,496
71$8,519,526$3,903,601$3,047,577$6,119,755
72$9,302,093$4,008,453$3,063,246$6,523,401
73$10,161,759$4,115,720$3,076,718$6,962,614
74$11,106,303$4,225,435$3,087,832$7,440,896
75$12,144,294$4,337,629$3,096,423$7,962,107
76$13,285,172$4,452,333$3,102,313$8,530,496
77$14,539,338$4,569,576$3,105,319$9,150,746
78$15,918,250$4,689,384$3,105,247$9,828,013
79$17,434,531$4,811,784$3,101,892$10,567,979
80$19,102,091$4,936,799$3,095,043$11,376,905
81$20,936,253$5,064,451$3,084,476$12,261,686
82$22,953,901$5,194,759$3,069,956$13,229,922
83$25,173,636$5,327,739$3,051,237$14,289,985
84$27,615,955$5,463,407$3,028,061$15,451,098
85$30,303,441$5,601,772$3,000,160$16,723,426
86$33,260,976$5,742,843$2,967,249$18,118,168
87$36,515,977$5,886,624$2,929,034$19,647,666
88$40,098,653$6,033,115$2,885,203$21,325,516
89$44,042,291$6,182,313$2,835,432$23,166,704
90$48,383,567$6,334,208$2,779,382$25,187,741
91$53,162,896$6,488,790$2,716,696$27,406,824
92$58,424,808$6,646,038$2,647,002$29,844,001
93$64,218,374$6,805,929$2,569,912$32,521,370
94$70,597,662$6,968,433$2,485,018$35,463,279
95$77,622,251$7,133,514$2,391,894$38,696,560
96$85,357,792$7,301,128$2,290,094$42,250,784
97$93,876,628$7,471,224$2,179,153$46,158,536
98$103,258,474$7,643,744$2,058,585$50,455,726
99$113,591,171$7,818,620$1,927,880$55,181,929
100$124,971,513$7,995,775$1,786,507$60,380,757