Can I retire at age 58 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$313,800$311,005$308,278$305,616$303,017$299,231
2 years$155,347$152,454$149,650$146,931$144,294$140,484
3 years$102,536$99,630$96,833$94,140$91,546$87,831
4 years$76,135$73,239$70,470$67,823$65,291$61,700
5 years$60,299$57,420$54,687$52,094$49,633$46,176
6 years$49,745$46,888$44,196$41,660$39,273$35,954
7 years$42,210$39,376$36,727$34,251$31,940$28,759
8 years$36,561$33,753$31,147$28,732$26,497$23,456
9 years$32,169$29,388$26,827$24,474$22,314$19,411
10 years$28,658$25,904$23,388$21,097$19,013$16,245
11 years$25,787$23,061$20,591$18,360$16,352$13,717
12 years$23,397$20,698$18,274$16,104$14,170$11,666
13 years$21,376$18,705$16,326$14,218$12,357$9,979
14 years$19,645$17,002$14,669$12,621$10,832$8,578
15 years$18,146$15,532$13,244$11,256$9,537$7,404
16 years$16,835$14,250$12,008$10,078$8,429$6,411
17 years$15,681$13,124$10,927$9,055$7,474$5,568
18 years$14,655$12,127$9,975$8,161$6,645$4,848
19 years$13,739$11,239$9,131$7,374$5,923$4,229
20 years$12,915$10,444$8,380$6,678$5,291$3,697
21 years$12,171$9,728$7,708$6,061$4,734$3,236
22 years$11,495$9,081$7,104$5,511$4,244$2,837
23 years$10,879$8,493$6,560$5,019$3,809$2,489
24 years$10,315$7,958$6,067$4,578$3,424$2,187
25 years$9,797$7,468$5,619$4,180$3,081$1,923
26 years$9,320$7,019$5,211$3,822$2,775$1,692
27 years$8,878$6,605$4,839$3,499$2,502$1,490
28 years$8,469$6,224$4,499$3,206$2,258$1,313
29 years$8,089$5,872$4,186$2,940$2,039$1,157
30 years$7,735$5,545$3,899$2,698$1,842$1,021
31 years$7,405$5,242$3,635$2,478$1,665$900
32 years$7,095$4,960$3,392$2,277$1,507$795
33 years$6,805$4,697$3,167$2,094$1,363$702
34 years$6,533$4,452$2,959$1,927$1,234$620
35 years$6,277$4,223$2,766$1,774$1,118$547
36 years$6,035$4,008$2,588$1,633$1,013$484
37 years$5,807$3,807$2,422$1,505$918$427
38 years$5,592$3,618$2,268$1,387$832$378
39 years$5,388$3,440$2,125$1,279$755$334
40 years$5,195$3,273$1,992$1,180$685$295
41 years$5,012$3,115$1,868$1,088$621$261
42 years$4,838$2,967$1,752$1,005$564$231
43 years$4,672$2,827$1,644$927$512$204
44 years$4,515$2,695$1,543$856$464$181
45 years$4,365$2,570$1,449$791$421$160
46 years$4,222$2,451$1,361$730$383$141
47 years$4,085$2,339$1,279$675$348$125
48 years$3,954$2,233$1,202$624$316$111
49 years$3,830$2,133$1,129$576$287$98
50 years$3,710$2,037$1,062$533$260$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,800,000, adding $3,581 every year, while hoping to spend $42,427 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: 75/13/12 Blend
57$3,800,000$3,800,000$3,800,000$3,800,000
58$4,191,294$3,989,894$3,930,994$4,495,407
59$4,573,664$4,140,257$4,017,540$4,846,918
60$4,993,614$4,296,565$4,105,564$5,226,362
61$5,454,931$4,459,066$4,195,069$5,641,029
62$5,961,791$4,628,017$4,286,060$6,094,405
63$6,518,789$4,803,685$4,378,539$6,590,324
64$7,130,991$4,986,352$4,472,506$7,133,014
65$7,803,978$5,176,308$4,567,960$7,727,124
66$8,543,896$5,373,860$4,664,900$8,377,778
67$9,357,519$5,579,325$4,763,320$9,090,616
68$10,252,310$5,793,035$4,863,214$9,871,851
69$11,236,489$6,015,338$4,964,576$10,728,325
70$12,319,115$6,246,594$5,067,393$11,667,572
71$13,510,170$6,487,181$5,171,656$12,697,892
72$14,820,648$6,737,495$5,277,348$13,828,425
73$16,262,668$6,997,945$5,384,452$15,069,239
74$17,849,578$7,268,963$5,492,949$16,431,426
75$19,596,089$7,550,996$5,602,817$17,927,201
76$21,518,408$7,844,513$5,714,029$19,570,020
77$23,634,395$8,150,003$5,826,559$21,374,708
78$25,963,727$8,467,977$5,940,372$23,357,594
79$28,528,088$8,798,969$6,055,435$25,536,669
80$31,351,370$9,143,535$6,171,709$27,931,749
81$34,459,899$9,502,257$6,289,151$30,564,670
82$37,882,684$9,875,744$6,407,713$33,459,483
83$41,651,692$10,264,629$6,527,346$36,642,689
84$45,802,145$10,669,576$6,647,992$40,143,484
85$50,372,857$11,091,279$6,769,593$43,994,034
86$55,406,597$11,530,460$6,892,083$48,229,779
87$60,950,493$11,987,875$7,015,391$52,889,765
88$67,056,477$12,464,316$7,139,440$58,017,012
89$73,781,777$12,960,606$7,264,151$63,658,922
90$81,189,452$13,477,609$7,389,433$69,867,720
91$89,348,990$14,016,226$7,515,193$76,700,949
92$98,336,965$14,577,399$7,641,330$84,222,015
93$108,237,757$15,162,113$7,767,736$92,500,777
94$119,144,347$15,771,396$7,894,294$101,614,212
95$131,159,199$16,406,323$8,020,882$111,647,138
96$144,395,224$17,068,019$8,147,368$122,693,012
97$158,976,843$17,757,658$8,273,611$134,854,812
98$175,041,166$18,476,469$8,399,462$148,246,009
99$192,739,284$19,225,735$8,524,763$162,991,635
100$212,237,693$20,006,798$8,649,345$179,229,461