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%19.6%
1 years$338,574$335,558$332,616$329,744$326,940$314,340
2 years$167,611$164,489$161,464$158,531$155,686$143,142
3 years$110,631$107,496$104,478$101,572$98,773$86,681
4 years$82,146$79,021$76,033$73,177$70,446$58,896
5 years$65,060$61,953$59,005$56,207$53,552$42,575
6 years$53,673$50,589$47,685$44,949$42,374$31,976
7 years$45,542$42,485$39,626$36,955$34,461$24,640
8 years$39,447$36,417$33,606$31,001$28,589$19,335
9 years$34,709$31,708$28,945$26,406$24,076$15,376
10 years$30,921$27,949$25,235$22,762$20,514$12,351
11 years$27,823$24,881$22,216$19,810$17,643$9,998
12 years$25,244$22,332$19,716$17,376$15,289$8,143
13 years$23,063$20,182$17,615$15,340$13,332$6,664
14 years$21,195$18,345$15,827$13,617$11,687$5,475
15 years$19,578$16,758$14,290$12,144$10,290$4,512
16 years$18,165$15,375$12,956$10,874$9,094$3,728
17 years$16,918$14,160$11,790$9,770$8,064$3,086
18 years$15,812$13,085$10,762$8,805$7,170$2,560
19 years$14,823$12,127$9,852$7,956$6,391$2,126
20 years$13,935$11,269$9,042$7,206$5,708$1,767
21 years$13,132$10,496$8,317$6,540$5,108$1,471
22 years$12,402$9,798$7,665$5,946$4,579$1,225
23 years$11,738$9,164$7,078$5,415$4,110$1,021
24 years$11,129$8,586$6,546$4,939$3,694$851
25 years$10,570$8,057$6,062$4,510$3,324$710
26 years$10,055$7,573$5,623$4,124$2,994$593
27 years$9,579$7,127$5,221$3,775$2,700$495
28 years$9,138$6,716$4,854$3,459$2,436$413
29 years$8,728$6,335$4,517$3,172$2,200$345
30 years$8,346$5,983$4,207$2,911$1,988$288
31 years$7,989$5,656$3,922$2,673$1,797$241
32 years$7,655$5,352$3,660$2,457$1,625$201
33 years$7,342$5,068$3,417$2,259$1,471$168
34 years$7,049$4,803$3,193$2,079$1,332$141
35 years$6,772$4,556$2,985$1,914$1,206$117
36 years$6,512$4,324$2,792$1,762$1,093$98
37 years$6,266$4,107$2,614$1,624$991$82
38 years$6,034$3,903$2,447$1,497$898$69
39 years$5,814$3,712$2,293$1,380$814$57
40 years$5,605$3,531$2,149$1,273$739$48
41 years$5,408$3,361$2,015$1,174$670$40
42 years$5,220$3,201$1,890$1,084$608$34
43 years$5,041$3,050$1,774$1,000$552$28
44 years$4,871$2,907$1,665$924$501$23
45 years$4,709$2,773$1,563$853$455$20
46 years$4,555$2,645$1,468$788$413$16
47 years$4,408$2,524$1,380$728$375$14
48 years$4,267$2,410$1,296$673$341$11
49 years$4,132$2,301$1,219$622$309$10
50 years$4,003$2,198$1,146$575$281$8

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 $4,959 every year, while hoping to spend $44,419 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: 65/8/27 Blend
57$4,100,000$4,100,000$4,100,000$4,100,000
58$4,523,315$4,306,015$4,242,465$4,784,845
59$4,937,432$4,469,748$4,337,326$5,125,839
60$5,392,300$4,640,016$4,433,877$5,493,010
61$5,892,028$4,817,091$4,532,126$5,893,363
62$6,441,146$5,001,259$4,632,082$6,330,169
63$7,044,639$5,192,816$4,733,753$6,807,027
64$7,708,003$5,392,075$4,837,145$7,327,901
65$8,437,291$5,599,359$4,942,261$7,897,156
66$9,239,174$5,815,007$5,049,106$8,519,598
67$10,121,000$6,039,372$5,157,681$9,200,522
68$11,090,863$6,272,823$5,267,985$9,945,758
69$12,157,685$6,515,745$5,380,016$10,761,726
70$13,331,292$6,768,540$5,493,770$11,655,498
71$14,622,513$7,031,627$5,609,240$12,634,866
72$16,043,279$7,305,447$5,726,419$13,708,409
73$17,606,734$7,590,455$5,845,296$14,885,578
74$19,327,365$7,887,130$5,965,856$16,176,787
75$21,221,128$8,195,972$6,088,085$17,593,503
76$23,305,611$8,517,502$6,211,963$19,148,362
77$25,600,188$8,852,265$6,337,469$20,855,283
78$28,126,211$9,200,829$6,464,578$22,729,600
79$30,907,204$9,563,790$6,593,261$24,788,206
80$33,969,090$9,941,767$6,723,486$27,049,713
81$37,340,433$10,335,409$6,855,219$29,534,626
82$41,052,708$10,745,395$6,988,419$32,265,537
83$45,140,597$11,172,432$7,123,044$35,267,336
84$49,642,316$11,617,259$7,259,044$38,567,446
85$54,599,978$12,080,651$7,396,368$42,196,083
86$60,059,988$12,563,415$7,534,958$46,186,538
87$66,073,479$13,066,394$7,674,752$50,575,493
88$72,696,798$13,590,472$7,815,680$55,403,364
89$79,992,036$14,136,570$7,957,670$60,714,683
90$88,027,614$14,705,652$8,100,642$66,558,520
91$96,878,927$15,298,725$8,244,510$72,988,940
92$106,629,057$15,916,842$8,389,181$80,065,519
93$117,369,558$16,561,105$8,534,556$87,853,901
94$129,201,317$17,232,663$8,680,527$96,426,418
95$142,235,507$17,932,719$8,826,981$105,862,774
96$156,594,637$18,662,531$8,973,793$116,250,792
97$172,413,709$19,423,414$9,120,834$127,687,250
98$189,841,489$20,216,742$9,267,963$140,278,783
99$209,041,911$21,043,953$9,415,031$154,142,899
100$230,195,630$21,906,550$9,561,878$169,409,082