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

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 $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%11.7%
1 years$338,574$335,558$332,616$329,744$326,940$324,607
2 years$167,611$164,489$161,464$158,531$155,686$153,334
3 years$110,631$107,496$104,478$101,572$98,773$96,475
4 years$82,146$79,021$76,033$73,177$70,446$68,218
5 years$65,060$61,953$59,005$56,207$53,552$51,402
6 years$53,673$50,589$47,685$44,949$42,374$40,304
7 years$45,542$42,485$39,626$36,955$34,461$32,473
8 years$39,447$36,417$33,606$31,001$28,589$26,682
9 years$34,709$31,708$28,945$26,406$24,076$22,250
10 years$30,921$27,949$25,235$22,762$20,514$18,768
11 years$27,823$24,881$22,216$19,810$17,643$15,975
12 years$25,244$22,332$19,716$17,376$15,289$13,698
13 years$23,063$20,182$17,615$15,340$13,332$11,817
14 years$21,195$18,345$15,827$13,617$11,687$10,245
15 years$19,578$16,758$14,290$12,144$10,290$8,920
16 years$18,165$15,375$12,956$10,874$9,094$7,794
17 years$16,918$14,160$11,790$9,770$8,064$6,831
18 years$15,812$13,085$10,762$8,805$7,170$6,002
19 years$14,823$12,127$9,852$7,956$6,391$5,286
20 years$13,935$11,269$9,042$7,206$5,708$4,664
21 years$13,132$10,496$8,317$6,540$5,108$4,123
22 years$12,402$9,798$7,665$5,946$4,579$3,649
23 years$11,738$9,164$7,078$5,415$4,110$3,235
24 years$11,129$8,586$6,546$4,939$3,694$2,870
25 years$10,570$8,057$6,062$4,510$3,324$2,549
26 years$10,055$7,573$5,623$4,124$2,994$2,266
27 years$9,579$7,127$5,221$3,775$2,700$2,016
28 years$9,138$6,716$4,854$3,459$2,436$1,795
29 years$8,728$6,335$4,517$3,172$2,200$1,599
30 years$8,346$5,983$4,207$2,911$1,988$1,425
31 years$7,989$5,656$3,922$2,673$1,797$1,271
32 years$7,655$5,352$3,660$2,457$1,625$1,134
33 years$7,342$5,068$3,417$2,259$1,471$1,012
34 years$7,049$4,803$3,193$2,079$1,332$904
35 years$6,772$4,556$2,985$1,914$1,206$807
36 years$6,512$4,324$2,792$1,762$1,093$721
37 years$6,266$4,107$2,614$1,624$991$644
38 years$6,034$3,903$2,447$1,497$898$576
39 years$5,814$3,712$2,293$1,380$814$514
40 years$5,605$3,531$2,149$1,273$739$460
41 years$5,408$3,361$2,015$1,174$670$411
42 years$5,220$3,201$1,890$1,084$608$368
43 years$5,041$3,050$1,774$1,000$552$329
44 years$4,871$2,907$1,665$924$501$294
45 years$4,709$2,773$1,563$853$455$263
46 years$4,555$2,645$1,468$788$413$235
47 years$4,408$2,524$1,380$728$375$211
48 years$4,267$2,410$1,296$673$341$188
49 years$4,132$2,301$1,219$622$309$169
50 years$4,003$2,198$1,146$575$281$151

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 $3,300 every year, while hoping to spend $27,214 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: 48/29/23 Blend
57$4,100,000$4,100,000$4,100,000$4,100,000
58$4,521,604$4,304,304$4,240,754$4,708,967
59$4,953,852$4,486,259$4,353,864$5,022,142
60$5,429,277$4,676,218$4,469,851$5,359,046
61$5,952,255$4,874,545$4,588,782$5,724,350
62$6,527,606$5,081,619$4,710,727$6,120,738
63$7,160,642$5,297,838$4,835,757$6,551,156
64$7,857,215$5,523,620$4,963,942$7,018,843
65$8,623,774$5,759,399$5,095,357$7,527,362
66$9,467,423$6,005,634$5,230,075$8,080,626
67$10,395,990$6,262,800$5,368,173$8,682,941
68$11,418,103$6,531,399$5,509,728$9,339,040
69$12,543,265$6,811,953$5,654,820$10,054,127
70$13,781,950$7,105,011$5,803,529$10,833,930
71$15,145,698$7,411,146$5,955,936$11,684,747
72$16,647,225$7,730,958$6,112,126$12,613,505
73$18,300,543$8,065,076$6,272,183$13,627,829
74$20,121,091$8,414,157$6,436,194$14,736,106
75$22,125,883$8,778,891$6,604,246$15,947,567
76$24,333,665$9,159,999$6,776,431$17,272,367
77$26,765,096$9,558,236$6,952,838$18,721,687
78$29,442,938$9,974,392$7,133,561$20,307,829
79$32,392,277$10,409,296$7,318,694$22,044,337
80$35,640,752$10,863,814$7,508,333$23,946,118
81$39,218,822$11,338,855$7,702,576$26,029,582
82$43,160,050$11,835,367$7,901,521$28,312,796
83$47,501,423$12,354,348$8,105,269$30,815,652
84$52,283,695$12,896,838$8,313,923$33,560,048
85$57,551,779$13,463,930$8,527,586$36,570,098
86$63,355,165$14,056,767$8,746,364$39,872,353
87$69,748,388$14,676,545$8,970,364$43,496,050
88$76,791,547$15,324,519$9,199,695$47,473,387
89$84,550,866$16,002,001$9,434,466$51,839,818
90$93,099,323$16,710,368$9,674,789$56,634,392
91$102,517,336$17,451,059$9,920,777$61,900,112
92$112,893,527$18,225,583$10,172,545$67,684,340
93$124,325,551$19,035,520$10,430,209$74,039,243
94$136,921,023$19,882,527$10,693,887$81,022,274
95$150,798,532$20,768,336$10,963,698$88,696,720
96$166,088,762$21,694,764$11,239,761$97,132,288
97$182,935,722$22,663,713$11,522,199$106,405,761
98$201,498,107$23,677,177$11,811,135$116,601,718
99$221,950,799$24,737,244$12,106,693$127,813,329
100$244,486,512$25,846,100$12,408,998$140,143,227