Can I retire at age 58 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$322,058$319,190$316,391$313,659$310,991$305,212
2 years$159,435$156,466$153,588$150,798$148,091$142,290
3 years$105,234$102,252$99,381$96,617$93,955$88,313
4 years$78,139$75,166$72,324$69,607$67,010$61,570
5 years$61,886$58,931$56,127$53,465$50,940$45,718
6 years$51,055$48,122$45,359$42,757$40,307$35,309
7 years$43,321$40,412$37,693$35,153$32,780$28,008
8 years$37,523$34,641$31,967$29,489$27,194$22,646
9 years$33,016$30,161$27,533$25,118$22,902$18,575
10 years$29,412$26,586$24,004$21,652$19,513$15,404
11 years$26,466$23,668$21,133$18,843$16,782$12,885
12 years$24,013$21,243$18,755$16,528$14,543$10,853
13 years$21,938$19,197$16,756$14,592$12,682$9,193
14 years$20,161$17,450$15,055$12,953$11,117$7,823
15 years$18,623$15,941$13,593$11,552$9,788$6,683
16 years$17,278$14,625$12,324$10,343$8,651$5,727
17 years$16,093$13,469$11,214$9,294$7,670$4,921
18 years$15,041$12,446$10,237$8,375$6,820$4,238
19 years$14,100$11,535$9,372$7,568$6,079$3,657
20 years$13,255$10,719$8,601$6,854$5,430$3,161
21 years$12,491$9,984$7,911$6,221$4,859$2,736
22 years$11,797$9,320$7,291$5,656$4,355$2,371
23 years$11,165$8,717$6,732$5,151$3,910$2,057
24 years$10,586$8,167$6,226$4,698$3,514$1,786
25 years$10,055$7,664$5,767$4,290$3,162$1,552
26 years$9,565$7,203$5,348$3,923$2,848$1,349
27 years$9,112$6,779$4,966$3,591$2,568$1,174
28 years$8,692$6,388$4,617$3,290$2,317$1,022
29 years$8,302$6,026$4,296$3,017$2,092$890
30 years$7,939$5,691$4,002$2,769$1,891$775
31 years$7,599$5,380$3,731$2,543$1,709$675
32 years$7,282$5,091$3,481$2,337$1,546$589
33 years$6,984$4,821$3,250$2,149$1,399$513
34 years$6,705$4,569$3,037$1,977$1,267$448
35 years$6,442$4,334$2,839$1,820$1,147$390
36 years$6,194$4,113$2,656$1,676$1,040$341
37 years$5,960$3,907$2,486$1,545$942$297
38 years$5,739$3,713$2,328$1,424$854$259
39 years$5,530$3,531$2,181$1,313$775$226
40 years$5,332$3,359$2,044$1,211$703$198
41 years$5,144$3,197$1,917$1,117$637$172
42 years$4,965$3,045$1,798$1,031$578$151
43 years$4,795$2,901$1,687$952$525$131
44 years$4,634$2,766$1,584$879$477$115
45 years$4,480$2,637$1,487$812$433$100
46 years$4,333$2,516$1,397$750$393$87
47 years$4,193$2,401$1,312$693$357$76
48 years$4,059$2,292$1,233$640$324$67
49 years$3,930$2,189$1,159$591$294$58
50 years$3,808$2,091$1,090$547$267$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,900,000, adding $2,422 every year, while hoping to spend $42,806 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: 80/11/9 Blend
57$3,900,000$3,900,000$3,900,000$3,900,000
58$4,300,298$4,093,598$4,033,148$4,638,422
59$4,693,383$4,248,639$4,122,714$5,015,511
60$5,125,129$4,409,843$4,213,844$5,423,344
61$5,599,432$4,577,465$4,306,548$5,869,588
62$6,120,588$4,751,775$4,400,832$6,358,060
63$6,693,327$4,933,051$4,496,699$6,892,963
64$7,322,861$5,121,585$4,594,153$7,478,926
65$8,014,933$5,317,683$4,693,197$8,121,047
66$8,775,867$5,521,661$4,793,830$8,824,940
67$9,612,635$5,733,851$4,896,053$9,596,788
68$10,532,914$5,954,600$4,999,861$10,443,400
69$11,545,165$6,184,269$5,105,250$11,372,275
70$12,658,709$6,423,236$5,212,213$12,391,675
71$13,883,817$6,671,894$5,320,742$13,510,699
72$15,231,804$6,930,655$5,430,824$14,739,370
73$16,715,139$7,199,947$5,542,448$16,088,727
74$18,347,559$7,480,221$5,655,596$17,570,934
75$20,144,202$7,771,943$5,770,250$19,199,386
76$22,121,745$8,075,603$5,886,388$20,988,842
77$24,298,568$8,391,712$6,003,987$22,955,562
78$26,694,919$8,720,803$6,123,017$25,117,456
79$29,333,111$9,063,434$6,243,449$27,494,257
80$32,237,732$9,420,185$6,365,248$30,107,705
81$35,435,872$9,791,665$6,488,375$32,981,751
82$38,957,384$10,178,510$6,612,789$36,142,782
83$42,835,162$10,581,382$6,738,442$39,619,870
84$47,105,453$11,000,975$6,865,285$43,445,046
85$51,808,200$11,438,013$6,993,262$47,653,601
86$56,987,412$11,893,252$7,122,313$52,284,418
87$62,691,591$12,367,483$7,252,373$57,380,339
88$68,974,176$12,861,533$7,383,370$62,988,567
89$75,894,058$13,376,265$7,515,229$69,161,112
90$83,516,131$13,912,580$7,647,868$75,955,282
91$91,911,903$14,471,423$7,781,198$83,434,218
92$101,160,173$15,053,779$7,915,124$91,667,497
93$111,347,774$15,660,677$8,049,545$100,731,778
94$122,570,392$16,293,196$8,184,350$110,711,534
95$134,933,469$16,952,460$8,319,423$121,699,842
96$148,553,199$17,639,646$8,454,639$133,799,261
97$163,557,621$18,355,984$8,589,865$147,122,803
98$180,087,832$19,102,761$8,724,959$161,794,993
99$198,299,316$19,881,321$8,859,770$177,953,047
100$218,363,410$20,693,070$8,994,137$195,748,165