Can I retire at age 58 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$305,543$302,821$300,166$297,574$295,043$292,205
2 years$151,259$148,442$145,711$143,064$140,497$137,638
3 years$99,837$97,008$94,285$91,663$89,137$86,346
4 years$74,132$71,311$68,615$66,038$63,573$60,871
5 years$58,713$55,909$53,248$50,723$48,327$45,723
6 years$48,436$45,654$43,033$40,564$38,240$35,735
7 years$41,099$38,340$35,760$33,350$31,099$28,696
8 years$35,599$32,864$30,328$27,976$25,800$23,498
9 years$31,323$28,614$26,121$23,830$21,727$19,526
10 years$27,904$25,222$22,773$20,541$18,513$16,411
11 years$25,109$22,454$20,049$17,877$15,921$13,918
12 years$22,781$20,153$17,793$15,681$13,797$11,889
13 years$20,813$18,213$15,897$13,844$12,031$10,217
14 years$19,128$16,555$14,283$12,289$10,547$8,823
15 years$17,668$15,123$12,896$10,960$9,286$7,651
16 years$16,392$13,875$11,692$9,813$8,207$6,658
17 years$15,268$12,779$10,639$8,817$7,277$5,811
18 years$14,269$11,808$9,712$7,946$6,470$5,084
19 years$13,377$10,944$8,891$7,180$5,767$4,458
20 years$12,575$10,169$8,160$6,503$5,151$3,917
21 years$11,850$9,472$7,506$5,902$4,610$3,447
22 years$11,192$8,842$6,917$5,366$4,132$3,037
23 years$10,593$8,270$6,387$4,887$3,709$2,680
24 years$10,044$7,748$5,907$4,457$3,334$2,367
25 years$9,539$7,271$5,471$4,070$3,000$2,093
26 years$9,074$6,834$5,074$3,722$2,702$1,852
27 years$8,645$6,431$4,712$3,407$2,436$1,640
28 years$8,246$6,060$4,380$3,121$2,198$1,453
29 years$7,876$5,717$4,076$2,862$1,985$1,288
30 years$7,532$5,399$3,797$2,627$1,794$1,142
31 years$7,210$5,104$3,540$2,413$1,622$1,014
32 years$6,909$4,830$3,303$2,217$1,467$900
33 years$6,626$4,574$3,084$2,039$1,328$799
34 years$6,361$4,335$2,881$1,876$1,202$710
35 years$6,112$4,111$2,694$1,727$1,089$631
36 years$5,876$3,902$2,520$1,590$986$561
37 years$5,655$3,706$2,359$1,465$894$498
38 years$5,445$3,522$2,209$1,351$810$443
39 years$5,247$3,349$2,069$1,245$735$394
40 years$5,058$3,187$1,940$1,149$667$350
41 years$4,880$3,033$1,819$1,060$605$312
42 years$4,711$2,889$1,706$978$549$277
43 years$4,550$2,753$1,601$903$498$247
44 years$4,396$2,624$1,503$834$452$220
45 years$4,250$2,502$1,411$770$410$195
46 years$4,111$2,387$1,325$711$373$174
47 years$3,978$2,278$1,245$657$338$155
48 years$3,850$2,174$1,170$607$307$138
49 years$3,729$2,076$1,100$561$279$123
50 years$3,612$1,984$1,034$519$253$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,700,000, adding $6,197 every year, while hoping to spend $47,793 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: 58/27/15 Blend
57$3,700,000$3,700,000$3,700,000$3,700,000
58$4,083,792$3,887,692$3,830,342$4,304,612
59$4,449,488$4,027,338$3,907,807$4,594,342
60$4,850,882$4,172,224$3,986,266$4,904,220
61$5,291,567$4,322,558$4,065,700$5,240,909
62$5,775,497$4,478,553$4,146,091$5,606,995
63$6,307,030$4,640,434$4,227,417$6,005,323
64$6,890,965$4,808,435$4,309,655$6,439,024
65$7,532,592$4,982,796$4,392,776$6,911,541
66$8,237,735$5,163,772$4,476,753$7,426,666
67$9,012,813$5,351,625$4,561,553$7,988,571
68$9,864,896$5,546,631$4,647,141$8,601,846
69$10,801,773$5,749,074$4,733,479$9,271,547
70$11,832,028$5,959,253$4,820,524$10,003,237
71$12,965,116$6,177,477$4,908,232$10,803,041
72$14,211,455$6,404,070$4,996,555$11,677,700
73$15,582,522$6,639,369$5,085,439$12,634,641
74$17,090,967$6,883,725$5,174,828$13,682,036
75$18,750,721$7,137,504$5,264,661$14,828,886
76$20,577,140$7,401,086$5,354,872$16,085,103
77$22,587,140$7,674,871$5,445,392$17,461,601
78$24,799,360$7,959,272$5,536,144$18,970,401
79$27,234,339$8,254,720$5,627,050$20,624,738
80$29,914,707$8,561,667$5,718,022$22,439,192
81$32,865,401$8,880,583$5,808,969$24,429,821
82$36,113,896$9,211,956$5,899,794$26,614,309
83$39,690,469$9,556,297$5,990,392$29,012,138
84$43,628,481$9,914,139$6,080,654$31,644,763
85$47,964,691$10,286,037$6,170,462$34,535,819
86$52,739,607$10,672,571$6,259,690$37,711,343
87$57,997,865$11,074,344$6,348,207$41,200,014
88$63,788,647$11,491,987$6,435,871$45,033,425
89$70,166,151$11,926,157$6,522,535$49,246,380
90$77,190,099$12,377,539$6,608,041$53,877,222
91$84,926,301$12,846,850$6,692,222$58,968,190
92$93,447,273$13,334,835$6,774,901$64,565,819
93$102,832,927$13,842,275$6,855,893$70,721,376
94$113,171,320$14,369,980$6,935,000$77,491,345
95$124,559,486$14,918,801$7,012,014$84,937,954
96$137,104,353$15,489,622$7,086,715$93,129,764
97$150,923,750$16,083,366$7,158,873$102,142,313
98$166,147,521$16,700,999$7,228,243$112,058,827
99$182,918,746$17,343,526$7,294,568$122,971,004
100$201,395,098$18,011,999$7,357,576$134,979,878