Can I retire at age 58 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$338,574$335,558$332,616$329,744$326,940$319,166
2 years$167,611$164,489$161,464$158,531$155,686$147,899
3 years$110,631$107,496$104,478$101,572$98,773$91,217
4 years$82,146$79,021$76,033$73,177$70,446$63,179
5 years$65,060$61,953$59,005$56,207$53,552$46,594
6 years$53,673$50,589$47,685$44,949$42,374$35,732
7 years$45,542$42,485$39,626$36,955$34,461$28,136
8 years$39,447$36,417$33,606$31,001$28,589$22,578
9 years$34,709$31,708$28,945$26,406$24,076$18,375
10 years$30,921$27,949$25,235$22,762$20,514$15,117
11 years$27,823$24,881$22,216$19,810$17,643$12,541
12 years$25,244$22,332$19,716$17,376$15,289$10,475
13 years$23,063$20,182$17,615$15,340$13,332$8,796
14 years$21,195$18,345$15,827$13,617$11,687$7,419
15 years$19,578$16,758$14,290$12,144$10,290$6,281
16 years$18,165$15,375$12,956$10,874$9,094$5,333
17 years$16,918$14,160$11,790$9,770$8,064$4,540
18 years$15,812$13,085$10,762$8,805$7,170$3,873
19 years$14,823$12,127$9,852$7,956$6,391$3,310
20 years$13,935$11,269$9,042$7,206$5,708$2,833
21 years$13,132$10,496$8,317$6,540$5,108$2,428
22 years$12,402$9,798$7,665$5,946$4,579$2,083
23 years$11,738$9,164$7,078$5,415$4,110$1,789
24 years$11,129$8,586$6,546$4,939$3,694$1,537
25 years$10,570$8,057$6,062$4,510$3,324$1,322
26 years$10,055$7,573$5,623$4,124$2,994$1,137
27 years$9,579$7,127$5,221$3,775$2,700$979
28 years$9,138$6,716$4,854$3,459$2,436$843
29 years$8,728$6,335$4,517$3,172$2,200$727
30 years$8,346$5,983$4,207$2,911$1,988$626
31 years$7,989$5,656$3,922$2,673$1,797$540
32 years$7,655$5,352$3,660$2,457$1,625$466
33 years$7,342$5,068$3,417$2,259$1,471$402
34 years$7,049$4,803$3,193$2,079$1,332$346
35 years$6,772$4,556$2,985$1,914$1,206$299
36 years$6,512$4,324$2,792$1,762$1,093$258
37 years$6,266$4,107$2,614$1,624$991$223
38 years$6,034$3,903$2,447$1,497$898$192
39 years$5,814$3,712$2,293$1,380$814$166
40 years$5,605$3,531$2,149$1,273$739$143
41 years$5,408$3,361$2,015$1,174$670$124
42 years$5,220$3,201$1,890$1,084$608$107
43 years$5,041$3,050$1,774$1,000$552$92
44 years$4,871$2,907$1,665$924$501$79
45 years$4,709$2,773$1,563$853$455$69
46 years$4,555$2,645$1,468$788$413$59
47 years$4,408$2,524$1,380$728$375$51
48 years$4,267$2,410$1,296$673$341$44
49 years$4,132$2,301$1,219$622$309$38
50 years$4,003$2,198$1,146$575$281$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $4,100,000, adding $4,011 every year, while hoping to spend $31,179 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: 70/25/5 Blend
57$4,100,000$4,100,000$4,100,000$4,100,000
58$4,522,337$4,305,037$4,241,487$4,836,353
59$4,950,442$4,482,810$4,350,403$5,222,025
60$5,421,167$4,668,248$4,461,922$5,639,626
61$5,938,829$4,861,696$4,576,100$6,095,674
62$6,508,181$5,063,510$4,692,990$6,593,933
63$7,134,460$5,274,066$4,812,649$7,138,544
64$7,823,436$5,493,756$4,935,134$7,734,064
65$8,581,467$5,722,991$5,060,502$8,385,509
66$9,415,559$5,962,200$5,188,811$9,098,398
67$10,333,429$6,211,831$5,320,120$9,878,805
68$11,343,584$6,472,356$5,454,488$10,733,418
69$12,455,392$6,744,264$5,591,977$11,669,598
70$13,679,181$7,028,071$5,732,646$12,695,447
71$15,026,325$7,324,315$5,876,558$13,819,887
72$16,509,363$7,633,558$6,023,775$15,052,738
73$18,142,106$7,956,391$6,174,360$16,404,814
74$19,939,776$8,293,429$6,328,376$17,888,021
75$21,919,144$8,645,318$6,485,887$19,515,470
76$24,098,691$9,012,734$6,646,959$21,301,597
77$26,498,782$9,396,382$6,811,657$23,262,301
78$29,141,855$9,797,002$6,980,045$25,415,088
79$32,052,639$10,215,370$7,152,191$27,779,239
80$35,258,379$10,652,294$7,328,160$30,375,990
81$38,789,101$11,108,623$7,508,020$33,228,726
82$42,677,888$11,585,245$7,691,838$36,363,206
83$46,961,200$12,083,089$7,879,682$39,807,800
84$51,679,209$12,603,127$8,071,618$43,593,759
85$56,876,186$13,146,378$8,267,715$47,755,502
86$62,600,915$13,713,908$8,468,041$52,330,944
87$68,907,151$14,306,833$8,672,664$57,361,849
88$75,854,134$14,926,321$8,881,651$62,894,224
89$83,507,139$15,573,595$9,095,070$68,978,747
90$91,938,102$16,249,935$9,312,990$75,671,250
91$101,226,290$16,956,684$9,535,476$83,033,233
92$111,459,054$17,695,243$9,762,597$91,132,451
93$122,732,651$18,467,084$9,994,418$100,043,547
94$135,153,157$19,273,746$10,231,006$109,848,753
95$148,837,459$20,116,840$10,472,425$120,638,665
96$163,914,369$20,998,054$10,718,740$132,513,092
97$180,525,831$21,919,156$10,970,015$145,581,999
98$198,828,267$22,881,996$11,226,312$159,966,536
99$218,994,049$23,888,512$11,487,691$175,800,185
100$241,213,127$24,940,734$11,754,214$193,230,008