Can I retire at age 58 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$297,285$294,637$292,053$289,531$287,069$282,546
2 years$147,171$144,430$141,773$139,198$136,700$132,154
3 years$97,139$94,386$91,737$89,185$86,728$82,302
4 years$72,128$69,384$66,761$64,253$61,855$57,582
5 years$57,126$54,398$51,809$49,352$47,021$42,914
6 years$47,127$44,420$41,869$39,468$37,206$33,270
7 years$39,988$37,304$34,794$32,448$30,259$26,494
8 years$34,637$31,976$29,508$27,220$25,102$21,509
9 years$30,476$27,841$25,415$23,186$21,140$17,716
10 years$27,150$24,541$22,157$19,986$18,012$14,754
11 years$24,430$21,847$19,507$17,394$15,491$12,396
12 years$22,165$19,609$17,312$15,257$13,424$10,489
13 years$20,251$17,721$15,467$13,470$11,706$8,926
14 years$18,611$16,107$13,897$11,957$10,262$7,631
15 years$17,191$14,714$12,547$10,663$9,035$6,551
16 years$15,949$13,500$11,376$9,548$7,985$5,641
17 years$14,855$12,433$10,352$8,579$7,080$4,872
18 years$13,884$11,489$9,450$7,731$6,295$4,217
19 years$13,016$10,648$8,651$6,986$5,611$3,658
20 years$12,235$9,894$7,939$6,327$5,012$3,178
21 years$11,530$9,216$7,303$5,742$4,485$2,765
22 years$10,890$8,603$6,731$5,221$4,020$2,409
23 years$10,306$8,046$6,214$4,755$3,609$2,101
24 years$9,772$7,539$5,747$4,337$3,244$1,835
25 years$9,281$7,075$5,323$3,960$2,919$1,603
26 years$8,829$6,649$4,937$3,621$2,629$1,402
27 years$8,411$6,258$4,584$3,315$2,371$1,226
28 years$8,024$5,897$4,262$3,037$2,139$1,073
29 years$7,664$5,563$3,966$2,785$1,931$940
30 years$7,328$5,253$3,694$2,556$1,745$824
31 years$7,015$4,966$3,444$2,347$1,578$722
32 years$6,722$4,699$3,213$2,157$1,427$633
33 years$6,447$4,450$3,000$1,984$1,292$555
34 years$6,189$4,218$2,803$1,825$1,169$487
35 years$5,946$4,000$2,621$1,680$1,059$427
36 years$5,718$3,797$2,452$1,547$960$375
37 years$5,502$3,606$2,295$1,426$870$329
38 years$5,298$3,427$2,149$1,314$789$289
39 years$5,105$3,259$2,013$1,212$715$254
40 years$4,922$3,101$1,887$1,118$649$223
41 years$4,748$2,951$1,770$1,031$588$196
42 years$4,583$2,811$1,660$952$534$172
43 years$4,427$2,678$1,558$878$485$151
44 years$4,277$2,553$1,462$811$440$132
45 years$4,135$2,434$1,373$749$399$116
46 years$3,999$2,322$1,289$692$363$102
47 years$3,870$2,216$1,211$639$329$90
48 years$3,746$2,116$1,138$591$299$79
49 years$3,628$2,020$1,070$546$272$69
50 years$3,515$1,930$1,006$505$247$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,600,000, adding $3,579 every year, while hoping to spend $47,891 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: 61/24/15 Blend
57$3,600,000$3,600,000$3,600,000$3,600,000
58$3,970,892$3,780,092$3,724,292$4,198,055
59$4,324,967$3,914,361$3,798,100$4,485,635
60$4,713,553$4,053,603$3,872,775$4,793,609
61$5,140,119$4,198,014$3,948,297$5,128,551
62$5,608,487$4,347,792$4,024,641$5,493,075
63$6,122,867$4,503,148$4,101,780$5,890,062
64$6,687,896$4,664,299$4,179,687$6,322,678
65$7,308,684$4,831,473$4,258,329$6,794,412
66$7,990,859$5,004,904$4,337,673$7,309,100
67$8,740,622$5,184,840$4,417,680$7,870,966
68$9,564,803$5,371,535$4,498,310$8,484,662
69$10,470,929$5,565,256$4,579,519$9,155,306
70$11,467,291$5,766,281$4,661,260$9,888,536
71$12,563,025$5,974,898$4,743,482$10,690,556
72$13,768,194$6,191,409$4,826,130$11,568,200
73$15,093,888$6,416,126$4,909,144$12,528,992
74$16,552,326$6,649,377$4,992,461$13,581,218
75$18,156,968$6,891,502$5,076,013$14,734,003
76$19,922,647$7,142,854$5,159,728$15,997,394
77$21,865,706$7,403,803$5,243,528$17,382,460
78$24,004,152$7,674,733$5,327,330$18,901,388
79$26,357,826$7,956,045$5,411,046$20,567,605
80$28,948,590$8,248,157$5,494,582$22,395,896
81$31,800,533$8,551,504$5,577,838$24,402,550
82$34,940,199$8,866,540$5,660,707$26,605,508
83$38,396,836$9,193,736$5,743,077$29,024,531
84$42,202,670$9,533,586$5,824,827$31,681,390
85$46,393,215$9,886,604$5,905,830$34,600,066
86$51,007,599$10,253,325$5,985,953$37,806,978
87$56,088,943$10,634,306$6,065,051$41,331,230
88$61,684,759$11,030,131$6,142,974$45,204,885
89$67,847,402$11,441,405$6,219,561$49,463,264
90$74,634,565$11,868,762$6,294,645$54,145,283
91$82,109,821$12,312,861$6,368,045$59,293,817
92$90,343,223$12,774,391$6,439,574$64,956,100
93$99,411,964$13,254,070$6,509,033$71,184,174
94$109,401,110$13,752,645$6,576,211$78,035,377
95$120,404,397$14,270,897$6,640,888$85,572,883
96$132,525,116$14,809,642$6,702,828$93,866,297
97$145,877,092$15,369,729$6,761,787$102,992,310
98$160,585,753$15,952,044$6,817,505$113,035,420
99$176,789,318$16,557,512$6,869,709$124,088,731
100$194,640,097$17,187,098$6,918,113$136,254,828