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%17.9%
1 years$297,285$294,637$292,053$289,531$287,069$277,880
2 years$147,171$144,430$141,773$139,198$136,700$127,526
3 years$97,139$94,386$91,737$89,185$86,728$77,858
4 years$72,128$69,384$66,761$64,253$61,855$53,357
5 years$57,126$54,398$51,809$49,352$47,021$38,918
6 years$47,127$44,420$41,869$39,468$37,206$29,505
7 years$39,988$37,304$34,794$32,448$30,259$22,958
8 years$34,637$31,976$29,508$27,220$25,102$18,197
9 years$30,476$27,841$25,415$23,186$21,140$14,622
10 years$27,150$24,541$22,157$19,986$18,012$11,872
11 years$24,430$21,847$19,507$17,394$15,491$9,718
12 years$22,165$19,609$17,312$15,257$13,424$8,005
13 years$20,251$17,721$15,467$13,470$11,706$6,628
14 years$18,611$16,107$13,897$11,957$10,262$5,510
15 years$17,191$14,714$12,547$10,663$9,035$4,596
16 years$15,949$13,500$11,376$9,548$7,985$3,844
17 years$14,855$12,433$10,352$8,579$7,080$3,223
18 years$13,884$11,489$9,450$7,731$6,295$2,707
19 years$13,016$10,648$8,651$6,986$5,611$2,277
20 years$12,235$9,894$7,939$6,327$5,012$1,918
21 years$11,530$9,216$7,303$5,742$4,485$1,617
22 years$10,890$8,603$6,731$5,221$4,020$1,365
23 years$10,306$8,046$6,214$4,755$3,609$1,153
24 years$9,772$7,539$5,747$4,337$3,244$975
25 years$9,281$7,075$5,323$3,960$2,919$824
26 years$8,829$6,649$4,937$3,621$2,629$697
27 years$8,411$6,258$4,584$3,315$2,371$590
28 years$8,024$5,897$4,262$3,037$2,139$500
29 years$7,664$5,563$3,966$2,785$1,931$423
30 years$7,328$5,253$3,694$2,556$1,745$358
31 years$7,015$4,966$3,444$2,347$1,578$304
32 years$6,722$4,699$3,213$2,157$1,427$257
33 years$6,447$4,450$3,000$1,984$1,292$218
34 years$6,189$4,218$2,803$1,825$1,169$185
35 years$5,946$4,000$2,621$1,680$1,059$157
36 years$5,718$3,797$2,452$1,547$960$133
37 years$5,502$3,606$2,295$1,426$870$113
38 years$5,298$3,427$2,149$1,314$789$96
39 years$5,105$3,259$2,013$1,212$715$81
40 years$4,922$3,101$1,887$1,118$649$69
41 years$4,748$2,951$1,770$1,031$588$58
42 years$4,583$2,811$1,660$952$534$49
43 years$4,427$2,678$1,558$878$485$42
44 years$4,277$2,553$1,462$811$440$36
45 years$4,135$2,434$1,373$749$399$30
46 years$3,999$2,322$1,289$692$363$26
47 years$3,870$2,216$1,211$639$329$22
48 years$3,746$2,116$1,138$591$299$18
49 years$3,628$2,020$1,070$546$272$16
50 years$3,515$1,930$1,006$505$247$13

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 $5,191 every year, while hoping to spend $59,215 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: 38/45/17 Blend
57$3,600,000$3,600,000$3,600,000$3,600,000
58$3,972,555$3,781,755$3,725,955$4,103,000
59$4,314,751$3,904,056$3,787,770$4,319,437
60$4,689,866$4,030,366$3,849,671$4,547,153
61$5,101,197$4,160,818$3,911,599$4,791,998
62$5,552,371$4,295,550$3,973,490$5,055,546
63$6,047,387$4,434,706$4,035,276$5,339,528
64$6,590,648$4,578,434$4,096,885$5,645,845
65$7,187,004$4,726,887$4,158,240$5,976,586
66$7,841,797$4,880,224$4,219,261$6,334,050
67$8,560,914$5,038,609$4,279,859$6,720,764
68$9,350,837$5,202,210$4,339,945$7,139,506
69$10,218,709$5,371,205$4,399,419$7,593,333
70$11,172,397$5,545,774$4,458,180$8,085,609
71$12,220,570$5,726,105$4,516,117$8,620,033
72$13,372,778$5,912,393$4,573,116$9,200,674
73$14,639,540$6,104,840$4,629,054$9,832,013
74$16,032,448$6,303,652$4,683,803$10,518,979
75$17,564,272$6,509,046$4,737,225$11,266,999
76$19,249,083$6,721,244$4,789,177$12,082,043
77$21,102,382$6,940,478$4,839,507$12,970,686
78$23,141,250$7,166,985$4,888,055$13,940,165
79$25,384,504$7,401,014$4,934,651$14,998,448
80$27,852,879$7,642,820$4,979,118$16,154,308
81$30,569,223$7,892,668$5,021,268$17,417,403
82$33,558,707$8,150,832$5,060,904$18,798,371
83$36,849,068$8,417,596$5,097,818$20,308,923
84$40,470,868$8,693,253$5,131,790$21,961,959
85$44,457,783$8,978,109$5,162,591$23,771,683
86$48,846,917$9,272,477$5,189,978$25,753,741
87$53,679,159$9,576,684$5,213,698$27,925,364
88$58,999,559$9,891,068$5,233,483$30,305,530
89$64,857,762$10,215,978$5,249,053$32,915,145
90$71,308,469$10,551,776$5,260,112$35,777,235
91$78,411,957$10,898,838$5,266,350$38,917,163
92$86,234,648$11,257,551$5,267,443$42,362,872
93$94,849,729$11,628,319$5,263,050$46,145,140
94$104,337,853$12,011,557$5,252,813$50,297,874
95$114,787,888$12,407,698$5,236,357$54,858,429
96$126,297,766$12,817,189$5,213,288$59,867,955
97$138,975,399$13,240,492$5,183,194$65,371,790
98$152,939,701$13,678,087$5,145,643$71,419,879
99$168,321,709$14,130,473$5,100,181$78,067,252
100$185,265,821$14,598,163$5,046,334$85,374,537