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%18.2%
1 years$338,574$335,558$332,616$329,744$326,940$316,095
2 years$167,611$164,489$161,464$158,531$155,686$144,865
3 years$110,631$107,496$104,478$101,572$98,773$88,316
4 years$82,146$79,021$76,033$73,177$70,446$60,433
5 years$65,060$61,953$59,005$56,207$53,552$44,009
6 years$53,673$50,589$47,685$44,949$42,374$33,309
7 years$45,542$42,485$39,626$36,955$34,461$25,874
8 years$39,447$36,417$33,606$31,001$28,589$20,472
9 years$34,709$31,708$28,945$26,406$24,076$16,420
10 years$30,921$27,949$25,235$22,762$20,514$13,307
11 years$27,823$24,881$22,216$19,810$17,643$10,871
12 years$25,244$22,332$19,716$17,376$15,289$8,937
13 years$23,063$20,182$17,615$15,340$13,332$7,384
14 years$21,195$18,345$15,827$13,617$11,687$6,126
15 years$19,578$16,758$14,290$12,144$10,290$5,099
16 years$18,165$15,375$12,956$10,874$9,094$4,256
17 years$16,918$14,160$11,790$9,770$8,064$3,560
18 years$15,812$13,085$10,762$8,805$7,170$2,984
19 years$14,823$12,127$9,852$7,956$6,391$2,504
20 years$13,935$11,269$9,042$7,206$5,708$2,104
21 years$13,132$10,496$8,317$6,540$5,108$1,770
22 years$12,402$9,798$7,665$5,946$4,579$1,491
23 years$11,738$9,164$7,078$5,415$4,110$1,256
24 years$11,129$8,586$6,546$4,939$3,694$1,059
25 years$10,570$8,057$6,062$4,510$3,324$894
26 years$10,055$7,573$5,623$4,124$2,994$754
27 years$9,579$7,127$5,221$3,775$2,700$637
28 years$9,138$6,716$4,854$3,459$2,436$538
29 years$8,728$6,335$4,517$3,172$2,200$454
30 years$8,346$5,983$4,207$2,911$1,988$384
31 years$7,989$5,656$3,922$2,673$1,797$324
32 years$7,655$5,352$3,660$2,457$1,625$274
33 years$7,342$5,068$3,417$2,259$1,471$232
34 years$7,049$4,803$3,193$2,079$1,332$196
35 years$6,772$4,556$2,985$1,914$1,206$166
36 years$6,512$4,324$2,792$1,762$1,093$140
37 years$6,266$4,107$2,614$1,624$991$119
38 years$6,034$3,903$2,447$1,497$898$100
39 years$5,814$3,712$2,293$1,380$814$85
40 years$5,605$3,531$2,149$1,273$739$72
41 years$5,408$3,361$2,015$1,174$670$61
42 years$5,220$3,201$1,890$1,084$608$51
43 years$5,041$3,050$1,774$1,000$552$43
44 years$4,871$2,907$1,665$924$501$37
45 years$4,709$2,773$1,563$853$455$31
46 years$4,555$2,645$1,468$788$413$26
47 years$4,408$2,524$1,380$728$375$22
48 years$4,267$2,410$1,296$673$341$19
49 years$4,132$2,301$1,219$622$309$16
50 years$4,003$2,198$1,146$575$281$13

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 $2,238 every year, while hoping to spend $41,948 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: 51/31/18 Blend
57$4,100,000$4,100,000$4,100,000$4,100,000
58$4,520,508$4,303,208$4,239,658$4,728,511
59$4,936,968$4,469,433$4,337,055$5,038,181
60$5,394,500$4,642,397$4,436,308$5,370,137
61$5,897,251$4,822,386$4,537,436$5,730,142
62$6,449,786$5,009,699$4,640,455$6,120,864
63$7,057,137$5,204,647$4,745,383$6,545,236
64$7,724,846$5,407,556$4,852,235$7,006,479
65$8,459,020$5,618,765$4,961,024$7,508,141
66$9,266,386$5,838,630$5,071,764$8,054,120
67$10,154,356$6,067,522$5,184,467$8,648,704
68$11,131,097$6,305,828$5,299,144$9,296,613
69$12,205,608$6,553,952$5,415,804$10,003,035
70$13,387,801$6,812,317$5,534,455$10,773,682
71$14,688,601$7,081,365$5,655,103$11,614,838
72$16,120,042$7,361,556$5,777,753$12,533,418
73$17,695,387$7,653,372$5,902,407$13,537,032
74$19,429,246$7,957,317$6,029,068$14,634,057
75$21,337,720$8,273,916$6,157,733$15,833,712
76$23,438,549$8,603,720$6,288,398$17,146,146
77$25,751,281$8,947,302$6,421,059$18,582,531
78$28,297,454$9,305,263$6,555,708$20,155,165
79$31,100,803$9,678,229$6,692,332$21,877,589
80$34,187,479$10,066,856$6,830,920$23,764,714
81$37,586,300$10,471,830$6,971,453$25,832,953
82$41,329,018$10,893,865$7,113,913$28,100,383
83$45,450,625$11,333,712$7,258,275$30,586,908
84$49,989,676$11,792,151$7,404,515$33,314,447
85$54,988,657$12,270,001$7,552,601$36,307,139
86$60,494,386$12,768,116$7,702,499$39,591,567
87$66,558,451$13,287,392$7,854,170$43,197,009
88$73,237,700$13,828,761$8,007,572$47,155,711
89$80,594,777$14,393,202$8,162,657$51,503,189
90$88,698,711$14,981,735$8,319,372$56,278,562
91$97,625,568$15,595,429$8,477,660$61,524,918
92$107,459,173$16,235,401$8,637,458$67,289,717
93$118,291,892$16,902,820$8,798,697$73,625,242
94$130,225,513$17,598,906$8,961,302$80,589,081
95$143,372,201$18,324,938$9,125,191$88,244,674
96$157,855,557$19,082,252$9,290,276$96,661,906
97$173,811,787$19,872,245$9,456,463$105,917,764
98$191,390,983$20,696,378$9,623,648$116,097,060
99$210,758,544$21,556,182$9,791,722$127,293,228
100$232,096,736$22,453,255$9,960,564$139,609,204