Can I retire at age 58 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$222,963$220,977$219,040$217,149$215,302$207,251
2 years$110,378$108,322$106,330$104,398$102,525$94,506
3 years$72,854$70,790$68,803$66,889$65,046$57,311
4 years$54,096$52,038$50,071$48,190$46,391$39,000
5 years$42,844$40,798$38,857$37,014$35,266$28,236
6 years$35,345$33,315$31,402$29,601$27,905$21,243
7 years$29,991$27,978$26,095$24,336$22,694$16,397
8 years$25,977$23,982$22,131$20,415$18,827$12,890
9 years$22,857$20,881$19,061$17,389$15,855$10,269
10 years$20,362$18,405$16,618$14,990$13,509$8,265
11 years$18,323$16,385$14,630$13,045$11,618$6,703
12 years$16,624$14,707$12,984$11,443$10,068$5,471
13 years$15,188$13,290$11,600$10,102$8,780$4,486
14 years$13,958$12,081$10,423$8,968$7,696$3,694
15 years$12,893$11,036$9,411$7,997$6,776$3,050
16 years$11,962$10,125$8,532$7,161$5,989$2,526
17 years$11,141$9,325$7,764$6,434$5,310$2,096
18 years$10,413$8,617$7,087$5,798$4,722$1,742
19 years$9,762$7,986$6,488$5,239$4,208$1,450
20 years$9,176$7,421$5,954$4,745$3,759$1,208
21 years$8,648$6,912$5,477$4,307$3,364$1,008
22 years$8,167$6,452$5,048$3,916$3,015$841
23 years$7,730$6,035$4,661$3,566$2,707$703
24 years$7,329$5,654$4,310$3,252$2,433$588
25 years$6,961$5,306$3,992$2,970$2,189$491
26 years$6,622$4,987$3,703$2,716$1,972$411
27 years$6,308$4,693$3,438$2,486$1,778$344
28 years$6,018$4,422$3,196$2,278$1,604$288
29 years$5,748$4,172$2,974$2,089$1,449$241
30 years$5,496$3,940$2,771$1,917$1,309$202
31 years$5,261$3,725$2,583$1,760$1,183$169
32 years$5,041$3,524$2,410$1,618$1,070$142
33 years$4,835$3,338$2,250$1,488$969$119
34 years$4,642$3,163$2,102$1,369$877$99
35 years$4,460$3,000$1,966$1,260$794$83
36 years$4,288$2,848$1,839$1,161$720$70
37 years$4,126$2,705$1,721$1,069$652$58
38 years$3,973$2,570$1,612$986$591$49
39 years$3,829$2,444$1,510$909$536$41
40 years$3,691$2,325$1,415$838$486$34
41 years$3,561$2,214$1,327$773$441$29
42 years$3,437$2,108$1,245$714$400$24
43 years$3,320$2,009$1,168$659$363$20
44 years$3,208$1,915$1,097$608$330$17
45 years$3,101$1,826$1,030$562$299$14
46 years$3,000$1,742$967$519$272$12
47 years$2,903$1,662$909$479$247$10
48 years$2,810$1,587$854$443$224$8
49 years$2,721$1,515$802$409$204$7
50 years$2,636$1,447$754$378$185$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,700,000, adding $2,938 every year, while hoping to spend $57,642 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: 66/14/20 Blend
57$2,700,000$2,700,000$2,700,000$2,700,000
58$2,978,431$2,835,331$2,793,481$3,159,836
59$3,220,900$2,912,931$2,825,732$3,359,457
60$3,486,169$2,992,402$2,857,131$3,570,710
61$3,776,503$3,073,775$2,887,590$3,800,283
62$4,094,395$3,157,079$2,917,013$4,049,975
63$4,442,593$3,242,344$2,945,302$4,321,767
64$4,824,119$3,329,601$2,972,351$4,617,841
65$5,242,305$3,418,877$2,998,051$4,940,601
66$5,700,818$3,510,201$3,022,284$5,292,697
67$6,203,700$3,603,599$3,044,929$5,677,044
68$6,755,400$3,699,098$3,065,856$6,096,857
69$7,360,820$3,796,722$3,084,931$6,555,677
70$8,025,357$3,896,496$3,102,011$7,057,405
71$8,754,960$3,998,441$3,116,945$7,606,338
72$9,556,180$4,102,578$3,129,576$8,207,213
73$10,436,233$4,208,927$3,139,739$8,865,246
74$11,403,069$4,317,505$3,147,261$9,586,186
75$12,465,446$4,428,326$3,151,958$10,376,369
76$13,633,012$4,541,405$3,153,639$11,242,775
77$14,916,397$4,656,751$3,152,104$12,193,093
78$16,327,311$4,774,373$3,147,140$13,235,800
79$17,878,655$4,894,276$3,138,528$14,380,234
80$19,584,644$5,016,462$3,126,035$15,636,687
81$21,460,939$5,140,930$3,109,419$17,016,498
82$23,524,794$5,267,674$3,088,423$18,532,164
83$25,795,219$5,396,687$3,062,781$20,197,455
84$28,293,160$5,527,954$3,032,214$22,027,546
85$31,041,697$5,661,458$2,996,427$24,039,161
86$34,066,258$5,797,177$2,955,115$26,250,727
87$37,394,861$5,935,083$2,907,956$28,682,552
88$41,058,377$6,075,142$2,854,613$31,357,016
89$45,090,822$6,217,315$2,794,734$34,298,781
90$49,529,679$6,361,557$2,727,950$37,535,025
91$54,416,246$6,507,813$2,653,876$41,095,700
92$59,796,032$6,656,024$2,572,109$45,013,812
93$65,719,179$6,806,121$2,482,227$49,325,735
94$72,240,941$6,958,027$2,383,788$54,071,554
95$79,422,204$7,111,657$2,276,331$59,295,443
96$87,330,054$7,266,914$2,159,374$65,046,084
97$96,038,419$7,423,692$2,032,412$71,377,125
98$105,628,759$7,581,874$1,894,920$78,347,690
99$116,190,839$7,741,332$1,746,345$86,022,933
100$127,823,570$7,901,923$1,586,114$94,474,657