Can I retire at age 58 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$227,092$225,070$223,096$221,170$219,289$217,998
2 years$112,422$110,328$108,299$106,332$104,423$103,121
3 years$74,204$72,101$70,077$68,128$66,250$64,977
4 years$55,098$53,002$50,998$49,082$47,250$46,016
5 years$43,638$41,554$39,576$37,700$35,919$34,727
6 years$36,000$33,932$31,984$30,149$28,421$27,273
7 years$30,547$28,496$26,579$24,787$23,114$22,010
8 years$26,458$24,426$22,541$20,793$19,175$18,116
9 years$23,280$21,268$19,414$17,711$16,149$15,133
10 years$20,740$18,746$16,926$15,267$13,759$12,788
11 years$18,662$16,689$14,901$13,287$11,834$10,905
12 years$16,932$14,979$13,224$11,655$10,255$9,368
13 years$15,469$13,537$11,815$10,289$8,942$8,097
14 years$14,216$12,304$10,616$9,134$7,839$7,034
15 years$13,132$11,240$9,585$8,146$6,902$6,136
16 years$12,184$10,313$8,690$7,293$6,100$5,373
17 years$11,348$9,498$7,908$6,553$5,409$4,719
18 years$10,606$8,776$7,219$5,906$4,809$4,155
19 years$9,943$8,134$6,608$5,336$4,286$3,667
20 years$9,346$7,558$6,065$4,833$3,829$3,243
21 years$8,808$7,040$5,578$4,386$3,426$2,873
22 years$8,319$6,572$5,141$3,988$3,071$2,548
23 years$7,873$6,146$4,747$3,632$2,757$2,264
24 years$7,465$5,759$4,390$3,313$2,478$2,013
25 years$7,090$5,404$4,066$3,025$2,230$1,793
26 years$6,744$5,079$3,771$2,766$2,008$1,597
27 years$6,425$4,780$3,502$2,532$1,811$1,425
28 years$6,129$4,504$3,256$2,320$1,634$1,271
29 years$5,854$4,249$3,030$2,127$1,475$1,135
30 years$5,598$4,013$2,822$1,952$1,333$1,014
31 years$5,359$3,794$2,631$1,793$1,205$907
32 years$5,135$3,590$2,455$1,648$1,090$811
33 years$4,925$3,399$2,292$1,515$987$726
34 years$4,728$3,222$2,141$1,394$893$649
35 years$4,542$3,056$2,002$1,284$809$581
36 years$4,368$2,900$1,873$1,182$733$521
37 years$4,203$2,755$1,753$1,089$664$466
38 years$4,047$2,618$1,642$1,004$602$418
39 years$3,899$2,489$1,538$926$546$374
40 years$3,760$2,369$1,442$854$495$336
41 years$3,627$2,255$1,352$788$449$301
42 years$3,501$2,147$1,268$727$408$270
43 years$3,381$2,046$1,190$671$370$242
44 years$3,267$1,950$1,117$620$336$217
45 years$3,159$1,860$1,049$572$305$194
46 years$3,055$1,774$985$529$277$174
47 years$2,956$1,693$925$488$251$156
48 years$2,862$1,616$870$451$228$140
49 years$2,771$1,543$817$417$207$126
50 years$2,685$1,474$768$385$188$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $2,750,000, adding $6,150 every year, while hoping to spend $57,980 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: 59/36/5 Blend
57$2,750,000$2,750,000$2,750,000$2,750,000
58$3,036,844$2,891,094$2,848,469$3,212,978
59$3,284,912$2,971,067$2,882,202$3,411,619
60$3,556,339$3,053,016$2,915,122$3,620,899
61$3,853,448$3,136,976$2,947,141$3,847,593
62$4,178,794$3,222,982$2,978,165$4,093,374
63$4,535,192$3,311,070$3,008,095$4,360,079
64$4,925,744$3,401,274$3,036,828$4,649,732
65$5,353,862$3,493,629$3,064,254$4,964,561
66$5,823,308$3,588,169$3,090,259$5,307,017
67$6,338,223$3,684,926$3,114,720$5,679,800
68$6,903,169$3,783,935$3,137,510$6,085,881
69$7,523,170$3,885,226$3,158,495$6,528,534
70$8,203,762$3,988,830$3,177,533$7,011,361
71$8,951,040$4,094,778$3,194,475$7,538,329
72$9,771,722$4,203,097$3,209,165$8,113,809
73$10,673,205$4,313,817$3,221,440$8,742,613
74$11,663,639$4,426,961$3,231,125$9,430,040
75$12,752,004$4,542,555$3,238,041$10,181,929
76$13,948,190$4,660,622$3,241,997$11,004,710
77$15,263,094$4,781,181$3,242,793$11,905,466
78$16,708,723$4,904,252$3,240,220$12,891,998
79$18,298,302$5,029,851$3,234,057$13,972,902
80$20,046,406$5,157,990$3,224,074$15,157,646
81$21,969,089$5,288,681$3,210,030$16,456,660
82$24,084,041$5,421,931$3,191,671$17,881,437
83$26,410,752$5,557,745$3,168,731$19,444,637
84$28,970,697$5,696,123$3,140,932$21,160,208
85$31,787,537$5,837,062$3,107,983$23,043,518
86$34,887,343$5,980,555$3,069,577$25,111,499
87$38,298,839$6,126,589$3,025,395$27,382,808
88$42,053,677$6,275,148$2,975,102$29,878,000
89$46,186,731$6,426,210$2,918,347$32,619,723
90$50,736,430$6,579,747$2,854,764$35,632,934
91$55,745,116$6,735,724$2,783,969$38,945,130
92$61,259,445$6,894,102$2,705,559$42,586,611
93$67,330,828$7,054,832$2,619,115$46,590,764
94$74,015,914$7,217,861$2,524,196$50,994,378
95$81,377,125$7,383,124$2,420,345$55,837,991
96$89,483,244$7,550,549$2,307,079$61,166,273
97$98,410,066$7,720,057$2,183,897$67,028,448
98$108,241,109$7,891,556$2,050,274$73,478,758
99$119,068,405$8,064,945$1,905,660$80,576,972
100$130,993,365$8,240,111$1,749,484$88,388,956