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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$313,800$311,005$308,278$305,616$303,017$293,553
2 years$155,347$152,454$149,650$146,931$144,294$134,843
3 years$102,536$99,630$96,833$94,140$91,546$82,405
4 years$76,135$73,239$70,470$67,823$65,291$56,530
5 years$60,299$57,420$54,687$52,094$49,633$41,276
6 years$49,745$46,888$44,196$41,660$39,273$31,326
7 years$42,210$39,376$36,727$34,251$31,940$24,403
8 years$36,561$33,753$31,147$28,732$26,497$19,365
9 years$32,169$29,388$26,827$24,474$22,314$15,580
10 years$28,658$25,904$23,388$21,097$19,013$12,666
11 years$25,787$23,061$20,591$18,360$16,352$10,381
12 years$23,397$20,698$18,274$16,104$14,170$8,562
13 years$21,376$18,705$16,326$14,218$12,357$7,099
14 years$19,645$17,002$14,669$12,621$10,832$5,910
15 years$18,146$15,532$13,244$11,256$9,537$4,937
16 years$16,835$14,250$12,008$10,078$8,429$4,135
17 years$15,681$13,124$10,927$9,055$7,474$3,472
18 years$14,655$12,127$9,975$8,161$6,645$2,920
19 years$13,739$11,239$9,131$7,374$5,923$2,460
20 years$12,915$10,444$8,380$6,678$5,291$2,076
21 years$12,171$9,728$7,708$6,061$4,734$1,753
22 years$11,495$9,081$7,104$5,511$4,244$1,482
23 years$10,879$8,493$6,560$5,019$3,809$1,254
24 years$10,315$7,958$6,067$4,578$3,424$1,061
25 years$9,797$7,468$5,619$4,180$3,081$899
26 years$9,320$7,019$5,211$3,822$2,775$762
27 years$8,878$6,605$4,839$3,499$2,502$646
28 years$8,469$6,224$4,499$3,206$2,258$548
29 years$8,089$5,872$4,186$2,940$2,039$465
30 years$7,735$5,545$3,899$2,698$1,842$394
31 years$7,405$5,242$3,635$2,478$1,665$334
32 years$7,095$4,960$3,392$2,277$1,507$284
33 years$6,805$4,697$3,167$2,094$1,363$241
34 years$6,533$4,452$2,959$1,927$1,234$205
35 years$6,277$4,223$2,766$1,774$1,118$174
36 years$6,035$4,008$2,588$1,633$1,013$148
37 years$5,807$3,807$2,422$1,505$918$125
38 years$5,592$3,618$2,268$1,387$832$106
39 years$5,388$3,440$2,125$1,279$755$90
40 years$5,195$3,273$1,992$1,180$685$77
41 years$5,012$3,115$1,868$1,088$621$65
42 years$4,838$2,967$1,752$1,005$564$55
43 years$4,672$2,827$1,644$927$512$47
44 years$4,515$2,695$1,543$856$464$40
45 years$4,365$2,570$1,449$791$421$34
46 years$4,222$2,451$1,361$730$383$29
47 years$4,085$2,339$1,279$675$348$25
48 years$3,954$2,233$1,202$624$316$21
49 years$3,830$2,133$1,129$576$287$18
50 years$3,710$2,037$1,062$533$260$15

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 $4,040 every year, while hoping to spend $23,038 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: 58/29/13 Blend
57$3,800,000$3,800,000$3,800,000$3,800,000
58$4,191,767$3,990,367$3,931,467$4,421,008
59$4,594,815$4,161,383$4,038,659$4,747,276
60$5,038,202$4,340,006$4,148,670$5,099,850
61$5,526,018$4,526,586$4,261,569$5,483,633
62$6,062,769$4,721,486$4,377,430$5,901,623
63$6,653,422$4,925,089$4,496,324$6,357,123
64$7,303,447$5,137,795$4,618,327$6,853,760
65$8,018,873$5,360,021$4,743,515$7,395,525
66$8,806,342$5,592,206$4,871,967$7,986,807
67$9,673,174$5,834,809$5,003,763$8,632,436
68$10,627,433$6,088,310$5,138,984$9,337,722
69$11,678,006$6,353,212$5,277,715$10,108,511
70$12,834,685$6,630,042$5,420,040$10,951,231
71$14,108,258$6,919,349$5,566,047$11,872,960
72$15,510,616$7,221,713$5,715,825$12,881,484
73$17,054,859$7,537,737$5,869,465$13,985,372
74$18,755,422$7,868,054$6,027,060$15,194,056
75$20,628,214$8,213,327$6,188,705$16,517,918
76$22,690,762$8,574,250$6,354,497$17,968,386
77$24,962,382$8,951,550$6,524,535$19,558,040
78$27,464,357$9,345,989$6,698,919$21,300,729
79$30,220,142$9,758,363$6,877,754$23,211,701
80$33,255,582$10,189,508$7,061,143$25,307,742
81$36,599,155$10,640,297$7,249,196$27,607,336
82$40,282,245$11,111,648$7,442,020$30,130,835
83$44,339,434$11,604,520$7,639,728$32,900,650
84$48,808,832$12,119,916$7,842,434$35,941,460
85$53,732,431$12,658,891$8,050,255$39,280,441
86$59,156,509$13,222,546$8,263,307$42,947,523
87$65,132,058$13,812,036$8,481,714$46,975,666
88$71,715,273$14,428,571$8,705,596$51,401,173
89$78,968,078$15,073,418$8,935,081$56,264,025
90$86,958,712$15,747,905$9,170,296$61,608,258
91$95,762,370$16,453,422$9,411,371$67,482,377
92$105,461,919$17,191,427$9,658,438$73,939,805
93$116,148,673$17,963,445$9,911,634$81,039,392
94$127,923,259$18,771,076$10,171,096$88,845,958
95$140,896,567$19,615,994$10,436,963$97,430,908
96$155,190,794$20,499,955$10,709,379$106,872,900
97$170,940,600$21,424,797$10,988,488$117,258,581
98$188,294,377$22,392,448$11,274,438$128,683,404
99$207,415,651$23,404,926$11,567,379$141,252,523
100$228,484,625$24,464,345$11,867,464$155,081,779