Can I retire at age 58 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$264,253$261,899$259,603$257,361$255,172$249,612
2 years$130,818$128,382$126,021$123,731$121,511$115,937
3 years$86,346$83,899$81,544$79,276$77,091$71,678
4 years$64,114$61,675$59,343$57,114$54,982$49,771
5 years$50,778$48,354$46,053$43,869$41,797$36,802
6 years$41,891$39,484$37,217$35,082$33,072$28,300
7 years$35,545$33,159$30,928$28,843$26,897$22,347
8 years$30,788$28,423$26,229$24,196$22,313$17,985
9 years$27,090$24,748$22,591$20,609$18,791$14,681
10 years$24,133$21,814$19,696$17,766$16,011$12,115
11 years$21,716$19,420$17,340$15,461$13,770$10,083
12 years$19,703$17,430$15,388$13,562$11,933$8,449
13 years$18,000$15,752$13,749$11,973$10,406$7,119
14 years$16,543$14,318$12,353$10,628$9,121$6,025
15 years$15,281$13,080$11,153$9,478$8,031$5,118
16 years$14,177$12,000$10,112$8,487$7,098$4,362
17 years$13,205$11,052$9,202$7,625$6,294$3,726
18 years$12,341$10,212$8,400$6,872$5,596$3,191
19 years$11,569$9,465$7,690$6,210$4,988$2,737
20 years$10,876$8,795$7,057$5,624$4,455$2,351
21 years$10,249$8,192$6,491$5,104$3,987$2,023
22 years$9,680$7,647$5,983$4,641$3,574$1,742
23 years$9,161$7,152$5,524$4,226$3,208$1,502
24 years$8,686$6,701$5,109$3,855$2,883$1,296
25 years$8,250$6,289$4,732$3,520$2,595$1,119
26 years$7,848$5,910$4,388$3,219$2,337$967
27 years$7,477$5,562$4,075$2,946$2,107$836
28 years$7,132$5,241$3,788$2,699$1,901$723
29 years$6,812$4,945$3,525$2,475$1,717$625
30 years$6,514$4,670$3,284$2,272$1,551$541
31 years$6,235$4,414$3,061$2,087$1,402$468
32 years$5,975$4,177$2,856$1,918$1,269$406
33 years$5,731$3,956$2,667$1,763$1,148$351
34 years$5,501$3,749$2,492$1,622$1,039$304
35 years$5,286$3,556$2,330$1,494$942$264
36 years$5,082$3,375$2,179$1,376$853$228
37 years$4,890$3,206$2,040$1,267$773$198
38 years$4,709$3,046$1,910$1,168$701$172
39 years$4,538$2,897$1,790$1,077$636$149
40 years$4,375$2,756$1,677$993$577$129
41 years$4,221$2,624$1,573$917$523$112
42 years$4,074$2,499$1,475$846$475$97
43 years$3,935$2,381$1,384$781$431$84
44 years$3,802$2,269$1,300$721$391$73
45 years$3,676$2,164$1,220$666$355$63
46 years$3,555$2,064$1,146$615$322$55
47 years$3,440$1,970$1,077$568$293$47
48 years$3,330$1,881$1,012$525$266$41
49 years$3,225$1,796$951$485$241$36
50 years$3,124$1,715$894$449$219$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,200,000, adding $5,816 every year, while hoping to spend $23,980 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: 66/28/6 Blend
57$3,200,000$3,200,000$3,200,000$3,200,000
58$3,532,399$3,362,799$3,313,199$3,761,859
59$3,867,189$3,502,062$3,398,677$4,054,181
60$4,235,324$3,647,345$3,486,214$4,370,100
61$4,640,180$3,798,917$3,575,855$4,714,707
62$5,085,476$3,957,062$3,667,644$5,090,793
63$5,575,310$4,122,073$3,761,626$5,501,427
64$6,114,198$4,294,261$3,857,846$5,949,988
65$6,707,113$4,473,946$3,956,351$6,440,191
66$7,359,538$4,661,469$4,057,187$6,976,124
67$8,077,511$4,857,181$4,160,404$7,562,289
68$8,867,687$5,061,454$4,266,048$8,203,635
69$9,737,399$5,274,673$4,374,168$8,905,614
70$10,694,726$5,497,244$4,484,815$9,674,223
71$11,748,570$5,729,590$4,598,038$10,516,064
72$12,908,739$5,972,156$4,713,887$11,438,405
73$14,186,043$6,225,404$4,832,415$12,449,248
74$15,592,392$6,489,821$4,953,673$13,557,400
75$17,140,908$6,765,914$5,077,713$14,772,559
76$18,846,053$7,054,216$5,204,589$16,105,402
77$20,723,760$7,355,283$5,334,353$17,567,685
78$22,791,590$7,669,698$5,467,059$19,172,355
79$25,068,889$7,998,070$5,602,763$20,933,665
80$27,576,978$8,341,038$5,741,518$22,867,313
81$30,339,351$8,699,269$5,883,380$24,990,587
82$33,381,896$9,073,465$6,028,404$27,322,524
83$36,733,140$9,464,355$6,176,646$29,884,092
84$40,424,519$9,872,707$6,328,163$32,698,383
85$44,490,673$10,299,324$6,483,010$35,790,831
86$48,969,776$10,745,044$6,641,244$39,189,451
87$53,903,890$11,210,748$6,802,923$42,925,097
88$59,339,368$11,697,357$6,968,102$47,031,758
89$65,327,289$12,205,833$7,136,840$51,546,870
90$71,923,941$12,737,187$7,309,192$56,511,672
91$79,191,349$13,292,475$7,485,216$61,971,593
92$87,197,864$13,872,804$7,664,968$67,976,672
93$96,018,808$14,479,332$7,848,506$74,582,037
94$105,737,180$15,113,274$8,035,885$81,848,416
95$116,444,447$15,775,899$8,227,162$89,842,710
96$128,241,400$16,468,537$8,422,391$98,638,622
97$141,239,111$17,192,584$8,621,629$108,317,349
98$155,559,976$17,949,496$8,824,930$118,968,345
99$171,338,876$18,740,804$9,032,347$130,690,162
100$188,724,444$19,568,106$9,243,934$143,591,381