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%18.4%
1 years$227,092$225,070$223,096$221,170$219,289$211,846
2 years$112,422$110,328$108,299$106,332$104,423$96,999
3 years$74,204$72,101$70,077$68,128$66,250$59,078
4 years$55,098$53,002$50,998$49,082$47,250$40,385
5 years$43,638$41,554$39,576$37,700$35,919$29,379
6 years$36,000$33,932$31,984$30,149$28,421$22,212
7 years$30,547$28,496$26,579$24,787$23,114$17,234
8 years$26,458$24,426$22,541$20,793$19,175$13,620
9 years$23,280$21,268$19,414$17,711$16,149$10,911
10 years$20,740$18,746$16,926$15,267$13,759$8,831
11 years$18,662$16,689$14,901$13,287$11,834$7,205
12 years$16,932$14,979$13,224$11,655$10,255$5,915
13 years$15,469$13,537$11,815$10,289$8,942$4,881
14 years$14,216$12,304$10,616$9,134$7,839$4,044
15 years$13,132$11,240$9,585$8,146$6,902$3,361
16 years$12,184$10,313$8,690$7,293$6,100$2,801
17 years$11,348$9,498$7,908$6,553$5,409$2,340
18 years$10,606$8,776$7,219$5,906$4,809$1,958
19 years$9,943$8,134$6,608$5,336$4,286$1,641
20 years$9,346$7,558$6,065$4,833$3,829$1,377
21 years$8,808$7,040$5,578$4,386$3,426$1,157
22 years$8,319$6,572$5,141$3,988$3,071$972
23 years$7,873$6,146$4,747$3,632$2,757$818
24 years$7,465$5,759$4,390$3,313$2,478$689
25 years$7,090$5,404$4,066$3,025$2,230$580
26 years$6,744$5,079$3,771$2,766$2,008$489
27 years$6,425$4,780$3,502$2,532$1,811$412
28 years$6,129$4,504$3,256$2,320$1,634$347
29 years$5,854$4,249$3,030$2,127$1,475$293
30 years$5,598$4,013$2,822$1,952$1,333$247
31 years$5,359$3,794$2,631$1,793$1,205$209
32 years$5,135$3,590$2,455$1,648$1,090$176
33 years$4,925$3,399$2,292$1,515$987$149
34 years$4,728$3,222$2,141$1,394$893$125
35 years$4,542$3,056$2,002$1,284$809$106
36 years$4,368$2,900$1,873$1,182$733$89
37 years$4,203$2,755$1,753$1,089$664$75
38 years$4,047$2,618$1,642$1,004$602$64
39 years$3,899$2,489$1,538$926$546$54
40 years$3,760$2,369$1,442$854$495$45
41 years$3,627$2,255$1,352$788$449$38
42 years$3,501$2,147$1,268$727$408$32
43 years$3,381$2,046$1,190$671$370$27
44 years$3,267$1,950$1,117$620$336$23
45 years$3,159$1,860$1,049$572$305$20
46 years$3,055$1,774$985$529$277$16
47 years$2,956$1,693$925$488$251$14
48 years$2,862$1,616$870$451$228$12
49 years$2,771$1,543$817$417$207$10
50 years$2,685$1,474$768$385$188$8

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 $4,581 every year, while hoping to spend $34,387 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: 55/24/21 Blend
57$2,750,000$2,750,000$2,750,000$2,750,000
58$3,035,225$2,889,475$2,846,850$3,184,617
59$3,308,231$2,994,472$2,905,632$3,392,371
60$3,607,930$3,103,461$2,965,231$3,614,479
61$3,937,010$3,216,602$3,025,637$3,855,618
62$4,298,430$3,334,060$3,086,841$4,117,622
63$4,695,450$3,456,009$3,148,830$4,402,506
64$5,131,662$3,582,629$3,211,592$4,712,490
65$5,611,021$3,714,108$3,275,109$5,050,017
66$6,137,886$3,850,640$3,339,367$5,417,774
67$6,717,060$3,992,431$3,404,345$5,818,718
68$7,353,832$4,139,692$3,470,023$6,256,105
69$8,054,031$4,292,646$3,536,377$6,733,519
70$8,824,080$4,451,522$3,603,383$7,254,904
71$9,671,052$4,616,563$3,671,012$7,824,604
72$10,602,743$4,788,018$3,739,235$8,447,400
73$11,627,742$4,966,150$3,808,018$9,128,556
74$12,755,511$5,151,232$3,877,327$9,873,869
75$13,996,478$5,343,547$3,947,122$10,689,721
76$15,362,131$5,543,392$4,017,362$11,583,143
77$16,865,127$5,751,077$4,088,003$12,561,873
78$18,519,415$5,966,925$4,158,996$13,634,438
79$20,340,363$6,191,272$4,230,290$14,810,225
80$22,344,904$6,424,469$4,301,829$16,099,574
81$24,551,698$6,666,881$4,373,554$17,513,874
82$26,981,305$6,918,892$4,445,401$19,065,669
83$29,656,380$7,180,899$4,517,304$20,768,776
84$32,601,886$7,453,319$4,589,189$22,638,415
85$35,845,331$7,736,585$4,660,980$24,691,351
86$39,417,027$8,031,149$4,732,595$26,946,051
87$43,350,372$8,337,485$4,803,946$29,422,860
88$47,682,173$8,656,084$4,874,940$32,144,189
89$52,452,984$8,987,461$4,945,481$35,134,727
90$57,707,496$9,332,154$5,015,461$38,421,674
91$63,494,953$9,690,723$5,084,772$42,034,994
92$69,869,622$10,063,752$5,153,296$46,007,699
93$76,891,300$10,451,852$5,220,908$50,376,161
94$84,625,881$10,855,661$5,287,476$55,180,449
95$93,145,977$11,275,844$5,352,863$60,464,711
96$102,531,602$11,713,097$5,416,919$66,277,587
97$112,870,931$12,168,143$5,479,491$72,672,669
98$124,261,125$12,641,742$5,540,414$79,709,002
99$136,809,257$13,134,684$5,599,514$87,451,644
100$150,633,313$13,647,795$5,656,610$95,972,275