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%18.9%
1 years$227,092$225,070$223,096$221,170$219,289$211,424
2 years$112,422$110,328$108,299$106,332$104,423$96,585
3 years$74,204$72,101$70,077$68,128$66,250$58,685
4 years$55,098$53,002$50,998$49,082$47,250$40,015
5 years$43,638$41,554$39,576$37,700$35,919$29,033
6 years$36,000$33,932$31,984$30,149$28,421$21,890
7 years$30,547$28,496$26,579$24,787$23,114$16,936
8 years$26,458$24,426$22,541$20,793$19,175$13,345
9 years$23,280$21,268$19,414$17,711$16,149$10,658
10 years$20,740$18,746$16,926$15,267$13,759$8,599
11 years$18,662$16,689$14,901$13,287$11,834$6,993
12 years$16,932$14,979$13,224$11,655$10,255$5,722
13 years$15,469$13,537$11,815$10,289$8,942$4,705
14 years$14,216$12,304$10,616$9,134$7,839$3,885
15 years$13,132$11,240$9,585$8,146$6,902$3,218
16 years$12,184$10,313$8,690$7,293$6,100$2,672
17 years$11,348$9,498$7,908$6,553$5,409$2,224
18 years$10,606$8,776$7,219$5,906$4,809$1,854
19 years$9,943$8,134$6,608$5,336$4,286$1,548
20 years$9,346$7,558$6,065$4,833$3,829$1,294
21 years$8,808$7,040$5,578$4,386$3,426$1,082
22 years$8,319$6,572$5,141$3,988$3,071$906
23 years$7,873$6,146$4,747$3,632$2,757$760
24 years$7,465$5,759$4,390$3,313$2,478$637
25 years$7,090$5,404$4,066$3,025$2,230$534
26 years$6,744$5,079$3,771$2,766$2,008$448
27 years$6,425$4,780$3,502$2,532$1,811$377
28 years$6,129$4,504$3,256$2,320$1,634$316
29 years$5,854$4,249$3,030$2,127$1,475$266
30 years$5,598$4,013$2,822$1,952$1,333$223
31 years$5,359$3,794$2,631$1,793$1,205$188
32 years$5,135$3,590$2,455$1,648$1,090$158
33 years$4,925$3,399$2,292$1,515$987$132
34 years$4,728$3,222$2,141$1,394$893$111
35 years$4,542$3,056$2,002$1,284$809$94
36 years$4,368$2,900$1,873$1,182$733$79
37 years$4,203$2,755$1,753$1,089$664$66
38 years$4,047$2,618$1,642$1,004$602$56
39 years$3,899$2,489$1,538$926$546$47
40 years$3,760$2,369$1,442$854$495$39
41 years$3,627$2,255$1,352$788$449$33
42 years$3,501$2,147$1,268$727$408$28
43 years$3,381$2,046$1,190$671$370$23
44 years$3,267$1,950$1,117$620$336$20
45 years$3,159$1,860$1,049$572$305$17
46 years$3,055$1,774$985$529$277$14
47 years$2,956$1,693$925$488$251$12
48 years$2,862$1,616$870$451$228$10
49 years$2,771$1,543$817$417$207$8
50 years$2,685$1,474$768$385$188$7

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 $4,385 every year, while hoping to spend $46,251 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: 78/14/8 Blend
57$2,750,000$2,750,000$2,750,000$2,750,000
58$3,035,023$2,889,273$2,846,648$3,268,061
59$3,295,385$2,981,637$2,892,800$3,514,026
60$3,580,753$3,076,976$2,938,948$3,777,272
61$3,893,630$3,175,388$2,985,043$4,064,615
62$4,236,771$3,276,973$3,031,033$4,378,433
63$4,613,212$3,381,834$3,076,862$4,721,347
64$5,026,294$3,490,079$3,122,472$5,096,240
65$5,479,700$3,601,817$3,167,799$5,506,289
66$5,977,487$3,717,164$3,212,778$5,954,992
67$6,524,122$3,836,236$3,257,337$6,446,200
68$7,124,527$3,959,156$3,301,402$6,984,157
69$7,784,125$4,086,050$3,344,895$7,573,534
70$8,508,887$4,217,049$3,387,731$8,219,480
71$9,305,395$4,352,285$3,429,821$8,927,661
72$10,180,897$4,491,899$3,471,072$9,704,323
73$11,143,381$4,636,035$3,511,385$10,556,343
74$12,201,645$4,784,840$3,550,656$11,491,298
75$13,365,384$4,938,468$3,588,774$12,517,535
76$14,645,278$5,097,078$3,625,623$13,644,247
77$16,053,095$5,260,833$3,661,080$14,881,565
78$17,601,800$5,429,904$3,695,015$16,240,647
79$19,305,679$5,604,464$3,727,293$17,733,787
80$21,180,471$5,784,695$3,757,771$19,374,528
81$23,243,519$5,970,785$3,786,295$21,177,794
82$25,513,930$6,162,926$3,812,709$23,160,024
83$28,012,760$6,361,319$3,836,844$25,339,332
84$30,763,208$6,566,169$3,858,524$27,735,674
85$33,790,835$6,777,692$3,877,565$30,371,040
86$37,123,809$6,996,107$3,893,772$33,269,656
87$40,793,164$7,221,643$3,906,940$36,458,218
88$44,833,100$7,454,537$3,916,855$39,966,136
89$49,281,298$7,695,031$3,923,292$43,825,821
90$54,179,283$7,943,380$3,926,015$48,072,980
91$59,572,807$8,199,843$3,924,774$52,746,961
92$65,512,289$8,464,691$3,919,309$57,891,118
93$72,053,285$8,738,203$3,909,348$63,553,225
94$79,257,012$9,020,667$3,894,603$69,785,921
95$87,190,929$9,312,382$3,874,775$76,647,210
96$95,929,372$9,613,657$3,849,548$84,201,007
97$105,554,253$9,924,811$3,818,592$92,517,741
98$116,155,834$10,246,174$3,781,563$101,675,018
99$127,833,580$10,578,087$3,738,096$111,758,356
100$140,697,097$10,920,905$3,687,814$122,861,987