Can I retire at age 58 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$346,832$343,743$340,729$337,787$334,914$326,420
2 years$171,699$168,501$165,402$162,397$159,483$150,981
3 years$113,329$110,117$107,026$104,050$101,182$92,938
4 years$84,150$80,948$77,888$74,962$72,164$64,240
5 years$66,647$63,464$60,444$57,578$54,858$47,277
6 years$54,982$51,823$48,848$46,046$43,407$36,177
7 years$46,653$43,521$40,593$37,857$35,302$28,422
8 years$40,409$37,306$34,426$31,757$29,286$22,755
9 years$35,556$32,481$29,651$27,050$24,663$18,474
10 years$31,675$28,631$25,850$23,317$21,014$15,160
11 years$28,502$25,488$22,758$20,293$18,073$12,545
12 years$25,860$22,877$20,197$17,800$15,662$10,451
13 years$23,626$20,674$18,045$15,714$13,657$8,752
14 years$21,712$18,792$16,214$13,950$11,972$7,362
15 years$20,056$17,167$14,639$12,441$10,541$6,215
16 years$18,608$15,750$13,272$11,139$9,316$5,263
17 years$17,331$14,505$12,077$10,008$8,260$4,467
18 years$16,198$13,404$11,025$9,020$7,345$3,799
19 years$15,185$12,422$10,093$8,150$6,547$3,237
20 years$14,274$11,543$9,263$7,381$5,847$2,762
21 years$13,452$10,752$8,520$6,699$5,233$2,360
22 years$12,705$10,037$7,852$6,091$4,690$2,018
23 years$12,024$9,387$7,250$5,547$4,210$1,728
24 years$11,401$8,795$6,705$5,059$3,784$1,480
25 years$10,828$8,254$6,210$4,621$3,405$1,269
26 years$10,301$7,757$5,760$4,225$3,067$1,088
27 years$9,813$7,301$5,348$3,867$2,766$934
28 years$9,361$6,879$4,972$3,543$2,495$802
29 years$8,941$6,490$4,627$3,249$2,253$689
30 years$8,549$6,129$4,310$2,982$2,036$591
31 years$8,184$5,794$4,018$2,739$1,841$508
32 years$7,842$5,482$3,749$2,517$1,665$437
33 years$7,522$5,192$3,500$2,314$1,507$375
34 years$7,221$4,921$3,270$2,129$1,364$323
35 years$6,937$4,667$3,058$1,960$1,236$278
36 years$6,671$4,430$2,860$1,805$1,120$239
37 years$6,419$4,207$2,677$1,663$1,015$205
38 years$6,181$3,998$2,507$1,533$920$177
39 years$5,956$3,802$2,349$1,414$834$152
40 years$5,742$3,617$2,202$1,304$757$131
41 years$5,540$3,443$2,064$1,203$687$112
42 years$5,347$3,279$1,937$1,110$623$97
43 years$5,164$3,125$1,817$1,025$565$83
44 years$4,990$2,978$1,706$946$513$72
45 years$4,824$2,840$1,602$874$466$62
46 years$4,666$2,709$1,504$807$423$53
47 years$4,515$2,586$1,413$746$384$46
48 years$4,371$2,468$1,328$689$349$39
49 years$4,233$2,357$1,248$637$317$34
50 years$4,101$2,252$1,174$589$288$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $4,200,000, adding $2,889 every year, while hoping to spend $46,279 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: 48/28/24 Blend
57$4,200,000$4,200,000$4,200,000$4,200,000
58$4,631,380$4,408,780$4,343,680$4,821,957
59$5,054,540$4,575,570$4,439,953$5,122,354
60$5,519,312$4,748,981$4,537,900$5,443,538
61$6,029,890$4,929,290$4,637,528$5,791,399
62$6,590,897$5,116,783$4,738,843$6,168,467
63$7,207,424$5,311,761$4,841,850$6,577,524
64$7,885,082$5,514,537$4,946,552$7,021,632
65$8,630,049$5,725,438$5,052,950$7,504,155
66$9,449,134$5,944,805$5,161,044$8,028,794
67$10,349,839$6,172,994$5,270,833$8,599,623
68$11,340,428$6,410,376$5,382,311$9,221,120
69$12,430,006$6,657,339$5,495,473$9,898,215
70$13,628,606$6,914,288$5,610,311$10,636,332
71$14,947,282$7,181,647$5,726,815$11,441,439
72$16,398,213$7,459,855$5,844,971$12,320,105
73$17,994,817$7,749,374$5,964,763$13,279,560
74$19,751,880$8,050,685$6,086,175$14,327,762
75$21,685,694$8,364,291$6,209,184$15,473,470
76$23,814,209$8,690,716$6,333,766$16,726,328
77$26,157,205$9,030,507$6,459,893$18,096,953
78$28,736,475$9,384,238$6,587,536$19,597,034
79$31,576,036$9,752,505$6,716,658$21,239,441
80$34,702,347$10,135,934$6,847,221$23,038,344
81$38,144,567$10,535,175$6,979,184$25,009,348
82$41,934,824$10,950,910$7,112,498$27,169,637
83$46,108,523$11,383,852$7,247,114$29,538,134
84$50,704,674$11,834,742$7,382,973$32,135,679
85$55,766,264$12,304,358$7,520,016$34,985,223
86$61,340,662$12,793,510$7,658,176$38,112,046
87$67,480,066$13,303,049$7,797,381$41,543,988
88$74,241,992$13,833,858$7,937,553$45,311,715
89$81,689,822$14,386,863$8,078,608$49,449,005
90$89,893,398$14,963,034$8,220,456$53,993,064
91$98,929,682$15,563,380$8,362,998$58,984,873
92$108,883,482$16,188,958$8,506,131$64,469,579
93$119,848,254$16,840,873$8,649,743$70,496,912
94$131,926,980$17,520,280$8,793,713$77,121,655
95$145,233,143$18,228,385$8,937,914$84,404,160
96$159,891,798$18,966,450$9,082,209$92,410,913
97$176,040,749$19,735,794$9,226,450$101,215,157
98$193,831,853$20,537,795$9,370,484$110,897,585
99$213,432,450$21,373,896$9,514,143$121,547,097
100$235,026,945$22,245,602$9,657,252$133,261,635