Can I retire at age 58 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$221,312$219,341$217,417$215,540$213,707$209,564
2 years$109,560$107,520$105,542$103,625$101,765$97,608
3 years$72,315$70,265$68,293$66,394$64,564$60,522
4 years$53,696$51,653$49,700$47,833$46,048$42,152
5 years$42,527$40,496$38,569$36,740$35,005$31,267
6 years$35,084$33,068$31,170$29,381$27,698$24,122
7 years$29,769$27,771$25,902$24,156$22,526$19,112
8 years$25,785$23,805$21,967$20,264$18,687$15,436
9 years$22,688$20,726$18,920$17,260$15,737$12,645
10 years$20,212$18,269$16,495$14,879$13,409$10,474
11 years$18,187$16,264$14,522$12,949$11,532$8,750
12 years$16,501$14,598$12,888$11,358$9,994$7,361
13 years$15,075$13,192$11,514$10,027$8,715$6,227
14 years$13,855$11,991$10,346$8,901$7,639$5,292
15 years$12,797$10,954$9,341$7,938$6,726$4,514
16 years$11,873$10,050$8,469$7,108$5,945$3,863
17 years$11,059$9,256$7,706$6,386$5,271$3,315
18 years$10,336$8,553$7,035$5,755$4,687$2,851
19 years$9,689$7,927$6,440$5,200$4,177$2,456
20 years$9,108$7,366$5,910$4,710$3,731$2,120
21 years$8,584$6,861$5,436$4,275$3,339$1,832
22 years$8,107$6,404$5,011$3,887$2,993$1,585
23 years$7,672$5,990$4,626$3,540$2,687$1,373
24 years$7,275$5,612$4,279$3,228$2,415$1,190
25 years$6,909$5,267$3,963$2,948$2,173$1,032
26 years$6,573$4,950$3,675$2,696$1,957$896
27 years$6,262$4,658$3,413$2,468$1,765$779
28 years$5,973$4,390$3,173$2,261$1,592$677
29 years$5,705$4,141$2,952$2,073$1,438$588
30 years$5,455$3,911$2,750$1,903$1,299$512
31 years$5,222$3,697$2,564$1,747$1,175$445
32 years$5,004$3,498$2,392$1,606$1,062$387
33 years$4,799$3,313$2,234$1,477$962$337
34 years$4,607$3,140$2,087$1,359$871$293
35 years$4,427$2,978$1,951$1,251$789$256
36 years$4,256$2,827$1,825$1,152$714$223
37 years$4,096$2,685$1,708$1,061$648$194
38 years$3,944$2,551$1,600$978$587$169
39 years$3,800$2,426$1,499$902$532$147
40 years$3,664$2,308$1,405$832$483$128
41 years$3,535$2,197$1,317$768$438$112
42 years$3,412$2,093$1,236$708$397$97
43 years$3,295$1,994$1,160$654$361$85
44 years$3,184$1,900$1,088$604$327$74
45 years$3,078$1,812$1,022$558$297$64
46 years$2,977$1,729$960$515$270$56
47 years$2,881$1,650$902$476$245$49
48 years$2,789$1,575$847$440$223$43
49 years$2,701$1,504$797$406$202$37
50 years$2,617$1,437$749$376$184$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,680,000, adding $5,537 every year, while hoping to spend $42,336 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: 60/31/9 Blend
57$2,680,000$2,680,000$2,680,000$2,680,000
58$2,959,071$2,817,031$2,775,491$3,130,317
59$3,215,852$2,910,021$2,823,425$3,338,828
60$3,497,404$3,006,148$2,871,546$3,560,839
61$3,806,212$3,105,521$2,919,815$3,801,944
62$4,145,008$3,208,254$2,968,191$4,063,983
63$4,516,804$3,314,464$3,016,631$4,348,983
64$4,924,917$3,424,272$3,065,087$4,659,170
65$5,373,001$3,537,803$3,113,509$4,996,998
66$5,865,080$3,655,188$3,161,845$5,365,164
67$6,405,588$3,776,562$3,210,037$5,766,640
68$6,999,409$3,902,065$3,258,024$6,204,695
69$7,651,924$4,031,842$3,305,744$6,682,928
70$8,369,061$4,166,043$3,353,127$7,205,301
71$9,157,350$4,304,824$3,400,102$7,776,176
72$10,023,987$4,448,347$3,446,591$8,400,356
73$10,976,896$4,596,779$3,492,515$9,083,128
74$12,024,812$4,750,293$3,537,786$9,830,316
75$13,177,355$4,909,071$3,582,315$10,648,332
76$14,445,128$5,073,297$3,626,005$11,544,237
77$15,839,809$5,243,167$3,668,755$12,525,807
78$17,374,268$5,418,881$3,710,456$13,601,608
79$19,062,684$5,600,647$3,750,997$14,781,071
80$20,920,680$5,788,681$3,790,258$16,074,586
81$22,965,471$5,983,207$3,828,113$17,493,597
82$25,216,022$6,184,458$3,864,428$19,050,707
83$27,693,234$6,392,674$3,899,064$20,759,801
84$30,420,135$6,608,106$3,931,874$22,636,173
85$33,422,099$6,831,013$3,962,701$24,696,671
86$36,727,085$7,061,665$3,991,384$26,959,853
87$40,365,901$7,300,340$4,017,749$29,446,166
88$44,372,496$7,547,329$4,041,616$32,178,133
89$48,784,275$7,802,933$4,062,794$35,180,568
90$53,642,457$8,067,463$4,081,085$38,480,808
91$58,992,463$8,341,244$4,096,277$42,108,971
92$64,884,342$8,624,613$4,108,149$46,098,238
93$71,373,244$8,917,918$4,116,471$50,485,167
94$78,519,941$9,221,521$4,120,999$55,310,037
95$86,391,399$9,535,801$4,121,477$60,617,224
96$95,061,413$9,861,146$4,117,638$66,455,623
97$104,611,298$10,197,963$4,109,199$72,879,106
98$115,130,660$10,546,673$4,095,867$79,947,032
99$126,718,242$10,907,714$4,077,333$87,724,801
100$139,482,850$11,281,539$4,053,271$96,284,476