Can I retire at age 58 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$272,511$270,084$267,715$265,404$263,147$253,206
2 years$134,906$132,394$129,959$127,598$125,308$115,408
3 years$89,044$86,521$84,092$81,753$79,500$69,953
4 years$66,118$63,602$61,197$58,899$56,700$47,579
5 years$52,365$49,865$47,492$45,240$43,103$34,430
6 years$43,200$40,718$38,380$36,179$34,106$25,888
7 years$36,656$34,195$31,894$29,744$27,737$19,971
8 years$31,750$29,312$27,049$24,952$23,011$15,690
9 years$27,937$25,521$23,297$21,253$19,378$12,492
10 years$24,887$22,496$20,311$18,321$16,511$10,047
11 years$22,394$20,026$17,881$15,944$14,200$8,144
12 years$20,318$17,975$15,869$13,985$12,306$6,642
13 years$18,563$16,244$14,178$12,347$10,731$5,443
14 years$17,060$14,765$12,739$10,960$9,406$4,478
15 years$15,758$13,488$11,502$9,775$8,282$3,696
16 years$14,620$12,375$10,428$8,752$7,320$3,058
17 years$13,617$11,397$9,489$7,864$6,490$2,535
18 years$12,727$10,531$8,662$7,087$5,771$2,106
19 years$11,931$9,760$7,930$6,404$5,144$1,751
20 years$11,216$9,070$7,278$5,800$4,594$1,458
21 years$10,569$8,448$6,694$5,264$4,112$1,216
22 years$9,982$7,886$6,170$4,786$3,685$1,014
23 years$9,447$7,376$5,697$4,359$3,308$846
24 years$8,958$6,911$5,268$3,975$2,973$707
25 years$8,508$6,485$4,880$3,630$2,676$591
26 years$8,093$6,095$4,526$3,319$2,410$494
27 years$7,710$5,736$4,202$3,038$2,173$413
28 years$7,355$5,405$3,907$2,784$1,961$345
29 years$7,025$5,099$3,635$2,553$1,770$289
30 years$6,717$4,816$3,386$2,343$1,600$242
31 years$6,430$4,552$3,157$2,152$1,446$202
32 years$6,162$4,307$2,945$1,977$1,308$169
33 years$5,910$4,079$2,750$1,818$1,184$142
34 years$5,673$3,866$2,570$1,673$1,072$119
35 years$5,451$3,667$2,402$1,540$971$99
36 years$5,241$3,481$2,247$1,418$880$83
37 years$5,043$3,306$2,104$1,307$797$70
38 years$4,856$3,142$1,970$1,205$723$58
39 years$4,679$2,987$1,846$1,111$655$49
40 years$4,512$2,842$1,730$1,025$595$41
41 years$4,353$2,706$1,622$945$539$34
42 years$4,201$2,577$1,522$872$489$29
43 years$4,058$2,455$1,428$805$444$24
44 years$3,921$2,340$1,340$744$403$20
45 years$3,791$2,232$1,258$687$366$17
46 years$3,666$2,129$1,182$634$332$14
47 years$3,548$2,032$1,110$586$302$12
48 years$3,434$1,939$1,043$541$274$10
49 years$3,326$1,852$981$500$249$8
50 years$3,222$1,769$922$463$226$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,300,000, adding $5,774 every year, while hoping to spend $54,684 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: 34/45/21 Blend
57$3,300,000$3,300,000$3,300,000$3,300,000
58$3,642,556$3,467,656$3,416,506$3,742,821
59$3,955,913$3,579,388$3,472,775$3,929,275
60$4,299,400$3,694,762$3,529,097$4,124,776
61$4,676,032$3,813,898$3,585,415$4,334,475
62$5,089,131$3,936,923$3,641,670$4,559,662
63$5,542,354$4,063,964$3,697,798$4,801,755
64$6,039,731$4,195,155$3,753,731$5,062,313
65$6,585,701$4,330,634$3,809,398$5,343,048
66$7,185,151$4,470,544$3,864,722$5,645,842
67$7,843,469$4,615,033$3,919,622$5,972,767
68$8,566,586$4,764,253$3,974,012$6,326,098
69$9,361,038$4,918,361$4,027,802$6,708,339
70$10,234,024$5,077,522$4,080,894$7,122,244
71$11,193,478$5,241,904$4,133,188$7,570,842
72$12,248,137$5,411,681$4,184,573$8,057,467
73$13,407,628$5,587,034$4,234,937$8,585,786
74$14,682,557$5,768,151$4,284,160$9,159,836
75$16,084,612$5,955,223$4,332,112$9,784,059
76$17,626,665$6,148,452$4,378,661$10,463,344
77$19,322,903$6,348,044$4,423,664$11,203,073
78$21,188,954$6,554,213$4,466,972$12,009,171
79$23,242,038$6,767,181$4,508,426$12,888,159
80$25,501,129$6,987,175$4,547,861$13,847,220
81$27,987,131$7,214,435$4,585,102$14,894,260
82$30,723,080$7,449,204$4,619,965$16,037,986
83$33,734,356$7,691,736$4,652,255$17,287,984
84$37,048,923$7,942,294$4,681,769$18,654,814
85$40,697,597$8,201,150$4,708,292$20,150,103
86$44,714,331$8,468,586$4,731,598$21,786,655
87$49,136,537$8,744,891$4,751,451$23,578,576
88$54,005,441$9,030,367$4,767,602$25,541,400
89$59,366,467$9,325,327$4,779,788$27,692,237
90$65,269,672$9,630,092$4,787,735$30,049,935
91$71,770,209$9,944,998$4,791,155$32,635,256
92$78,928,857$10,270,389$4,789,745$35,471,068
93$86,812,586$10,606,624$4,783,188$38,582,565
94$95,495,195$10,954,074$4,771,150$41,997,502
95$105,058,003$11,313,122$4,753,282$45,746,452
96$115,590,621$11,684,166$4,729,218$49,863,098
97$127,191,791$12,067,617$4,698,574$54,384,550
98$139,970,325$12,463,901$4,660,947$59,351,690
99$154,046,126$12,873,460$4,615,916$64,809,562
100$169,551,321$13,296,750$4,563,041$70,807,791