Can I retire at age 58 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$225,441$223,433$221,474$219,561$217,694$210,473
2 years$111,604$109,526$107,511$105,558$103,664$96,459
3 years$73,664$71,576$69,567$67,632$65,769$58,806
4 years$54,697$52,616$50,627$48,725$46,907$40,239
5 years$43,320$41,252$39,289$37,426$35,658$29,304
6 years$35,738$33,685$31,751$29,930$28,215$22,179
7 years$30,324$28,289$26,385$24,607$22,946$17,228
8 years$26,266$24,249$22,377$20,642$19,036$13,631
9 years$23,111$21,113$19,273$17,582$16,031$10,933
10 years$20,589$18,610$16,803$15,156$13,659$8,861
11 years$18,526$16,567$14,793$13,190$11,747$7,238
12 years$16,809$14,870$13,128$11,570$10,180$5,951
13 years$15,357$13,438$11,729$10,214$8,877$4,917
14 years$14,113$12,215$10,539$9,067$7,782$4,079
15 years$13,036$11,158$9,515$8,086$6,852$3,395
16 years$12,095$10,238$8,627$7,240$6,056$2,834
17 years$11,265$9,429$7,850$6,505$5,369$2,371
18 years$10,529$8,712$7,166$5,863$4,774$1,987
19 years$9,870$8,075$6,560$5,297$4,255$1,667
20 years$9,278$7,503$6,021$4,798$3,801$1,401
21 years$8,744$6,989$5,538$4,354$3,401$1,179
22 years$8,258$6,524$5,104$3,959$3,049$993
23 years$7,816$6,102$4,713$3,606$2,737$836
24 years$7,410$5,717$4,358$3,289$2,460$705
25 years$7,038$5,365$4,037$3,003$2,214$595
26 years$6,695$5,042$3,744$2,746$1,994$502
27 years$6,378$4,745$3,477$2,514$1,798$424
28 years$6,085$4,472$3,232$2,303$1,622$358
29 years$5,811$4,218$3,008$2,112$1,465$303
30 years$5,557$3,984$2,801$1,938$1,323$256
31 years$5,320$3,766$2,612$1,780$1,196$216
32 years$5,097$3,563$2,437$1,636$1,082$183
33 years$4,889$3,375$2,275$1,504$979$154
34 years$4,693$3,198$2,126$1,384$887$131
35 years$4,509$3,034$1,987$1,274$803$110
36 years$4,336$2,879$1,859$1,173$728$93
37 years$4,172$2,735$1,740$1,081$660$79
38 years$4,017$2,599$1,630$997$598$67
39 years$3,871$2,471$1,527$919$542$56
40 years$3,732$2,351$1,431$848$492$48
41 years$3,601$2,238$1,342$782$446$40
42 years$3,476$2,132$1,259$722$405$34
43 years$3,357$2,031$1,181$666$367$29
44 years$3,244$1,936$1,109$615$334$24
45 years$3,136$1,846$1,041$568$303$21
46 years$3,033$1,761$978$525$275$18
47 years$2,935$1,681$919$485$250$15
48 years$2,841$1,604$863$448$227$13
49 years$2,751$1,532$811$414$206$11
50 years$2,665$1,464$763$383$187$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,730,000, adding $2,938 every year, while hoping to spend $56,362 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: 52/25/23 Blend
57$2,730,000$2,730,000$2,730,000$2,730,000
58$3,011,491$2,866,801$2,824,486$3,148,696
59$3,258,694$2,947,305$2,859,137$3,324,301
60$3,529,223$3,029,865$2,893,060$3,509,178
61$3,825,397$3,114,522$2,926,172$3,709,112
62$4,149,772$3,201,318$2,958,382$3,925,557
63$4,505,159$3,290,293$2,989,599$4,160,114
64$4,894,657$3,381,489$3,019,722$4,414,545
65$5,321,679$3,474,949$3,048,649$4,690,792
66$5,789,981$3,570,712$3,076,270$4,990,993
67$6,303,703$3,668,821$3,102,469$5,317,504
68$6,867,403$3,769,316$3,127,124$5,672,920
69$7,486,104$3,872,238$3,150,109$6,060,097
70$8,165,336$3,977,627$3,171,287$6,482,185
71$8,911,193$4,085,524$3,190,518$6,942,652
72$9,730,387$4,195,966$3,207,652$7,445,319
73$10,630,311$4,308,994$3,222,533$7,994,397
74$11,619,112$4,424,643$3,234,997$8,594,524
75$12,705,762$4,542,952$3,244,870$9,250,811
76$13,900,148$4,663,954$3,251,972$9,968,889
77$15,213,161$4,787,686$3,256,110$10,754,964
78$16,656,800$4,914,179$3,257,086$11,615,873
79$18,244,284$5,043,465$3,254,690$12,559,149
80$19,990,180$5,175,573$3,248,701$13,593,095
81$21,910,534$5,310,531$3,238,887$14,726,859
82$24,023,026$5,448,366$3,225,008$15,970,523
83$26,347,138$5,589,098$3,206,809$17,335,194
84$28,904,332$5,732,751$3,184,024$18,833,116
85$31,718,259$5,879,341$3,156,374$20,477,778
86$34,814,976$6,028,882$3,123,566$22,284,048
87$38,223,193$6,181,387$3,085,295$24,268,309
88$41,974,547$6,336,863$3,041,241$26,448,615
89$46,103,895$6,495,314$2,991,067$28,844,863
90$50,649,647$6,656,739$2,934,422$31,478,980
91$55,654,125$6,821,134$2,870,940$34,375,129
92$61,163,964$6,988,487$2,800,234$37,559,940
93$67,230,550$7,158,785$2,721,903$41,062,761
94$73,910,505$7,332,004$2,635,526$44,915,932
95$81,266,222$7,508,118$2,540,662$49,155,097
96$89,366,453$7,687,092$2,436,850$53,819,534
97$98,286,956$7,868,884$2,323,610$58,952,531
98$108,111,212$8,053,446$2,200,437$64,601,793
99$118,931,211$8,240,720$2,066,807$70,819,895
100$130,848,317$8,430,639$1,922,168$77,664,776