Can I retire at age 58 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$355,090$351,927$348,841$345,829$342,888$337,485
2 years$175,787$172,513$169,340$166,264$163,280$157,851
3 years$116,027$112,739$109,574$106,527$103,592$98,305
4 years$86,153$82,875$79,742$76,747$73,882$68,779
5 years$68,234$64,975$61,883$58,949$56,164$51,259
6 years$56,291$53,057$50,011$47,142$44,441$39,739
7 years$47,764$44,557$41,559$38,758$36,142$31,646
8 years$41,371$38,194$35,245$32,513$29,984$25,691
9 years$36,402$33,255$30,357$27,694$25,250$21,160
10 years$32,429$29,312$26,466$23,872$21,515$17,623
11 years$29,181$26,095$23,300$20,776$18,503$14,807
12 years$26,475$23,422$20,678$18,223$16,035$12,528
13 years$24,188$21,166$18,475$16,089$13,982$10,661
14 years$22,229$19,239$16,600$14,282$12,257$9,115
15 years$20,533$17,576$14,987$12,737$10,792$7,824
16 years$19,051$16,125$13,588$11,404$9,538$6,738
17 years$17,744$14,851$12,365$10,247$8,457$5,819
18 years$16,583$13,723$11,287$9,234$7,520$5,037
19 years$15,546$12,718$10,333$8,344$6,702$4,369
20 years$14,614$11,818$9,483$7,557$5,987$3,796
21 years$13,772$11,008$8,723$6,859$5,357$3,303
22 years$13,007$10,276$8,039$6,236$4,802$2,878
23 years$12,310$9,611$7,423$5,679$4,311$2,510
24 years$11,672$9,005$6,865$5,180$3,875$2,191
25 years$11,086$8,450$6,358$4,731$3,487$1,915
26 years$10,546$7,942$5,897$4,325$3,141$1,674
27 years$10,047$7,474$5,476$3,959$2,831$1,465
28 years$9,584$7,043$5,090$3,627$2,555$1,282
29 years$9,154$6,644$4,737$3,326$2,307$1,123
30 years$8,753$6,275$4,412$3,053$2,085$984
31 years$8,379$5,932$4,114$2,804$1,885$862
32 years$8,029$5,613$3,838$2,577$1,705$756
33 years$7,701$5,315$3,584$2,369$1,543$663
34 years$7,393$5,038$3,348$2,180$1,397$582
35 years$7,103$4,778$3,130$2,007$1,265$510
36 years$6,829$4,535$2,928$1,848$1,146$448
37 years$6,572$4,307$2,741$1,703$1,039$393
38 years$6,328$4,094$2,567$1,570$942$345
39 years$6,097$3,893$2,405$1,447$854$303
40 years$5,879$3,704$2,254$1,335$775$266
41 years$5,671$3,525$2,114$1,232$703$234
42 years$5,475$3,357$1,983$1,137$638$205
43 years$5,287$3,199$1,860$1,049$579$180
44 years$5,109$3,049$1,746$969$525$158
45 years$4,939$2,908$1,640$895$477$139
46 years$4,777$2,774$1,540$826$433$122
47 years$4,623$2,647$1,447$764$393$107
48 years$4,475$2,527$1,360$706$357$94
49 years$4,334$2,413$1,278$652$324$83
50 years$4,198$2,305$1,202$603$295$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $4,300,000, adding $6,742 every year, while hoping to spend $21,813 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: 47/29/24 Blend
57$4,300,000$4,300,000$4,300,000$4,300,000
58$4,745,554$4,517,654$4,451,004$4,935,767
59$5,206,392$4,715,811$4,576,904$5,268,080
60$5,713,504$4,922,945$4,706,291$5,625,890
61$6,271,587$5,139,476$4,839,257$6,013,849
62$6,885,817$5,365,838$4,975,900$6,434,792
63$7,561,897$5,602,490$5,116,319$6,891,838
64$8,306,108$5,849,910$5,260,614$7,388,412
65$9,125,376$6,108,600$5,408,888$7,928,277
66$10,027,328$6,379,085$5,561,250$8,515,572
67$11,020,370$6,661,916$5,717,807$9,154,845
68$12,113,767$6,957,668$5,878,672$9,851,096
69$13,317,723$7,266,946$6,043,960$10,609,824
70$14,643,486$7,590,381$6,213,788$11,437,076
71$16,103,448$7,928,637$6,388,276$12,339,502
72$17,711,266$8,282,406$6,567,550$13,324,417
73$19,481,987$8,652,416$6,751,734$14,399,867
74$21,432,193$9,039,427$6,940,961$15,574,704
75$23,580,156$9,444,239$7,135,362$16,858,669
76$25,946,010$9,867,685$7,335,075$18,262,477
77$28,551,943$10,310,641$7,540,240$19,797,922
78$31,422,403$10,774,025$7,751,000$21,477,980
79$34,584,333$11,258,796$7,967,503$23,316,936
80$38,067,420$11,765,962$8,189,899$25,330,510
81$41,904,379$12,296,577$8,418,344$27,536,005
82$46,131,262$12,851,745$8,652,994$29,952,468
83$50,787,795$13,432,625$8,894,014$32,600,870
84$55,917,755$14,040,429$9,141,569$35,504,293
85$61,569,384$14,676,428$9,395,829$38,688,153
86$67,795,842$15,341,953$9,656,970$42,180,432
87$74,655,709$16,038,400$9,925,170$46,011,941
88$82,213,541$16,767,231$10,200,612$50,216,605
89$90,540,474$17,529,978$10,483,485$54,831,782
90$99,714,901$18,328,245$10,773,980$59,898,610
91$109,823,207$19,163,715$11,072,295$65,462,393
92$120,960,588$20,038,151$11,378,631$71,573,022
93$133,231,948$20,953,400$11,693,194$78,285,445
94$146,752,887$21,911,398$12,016,197$85,660,178
95$161,650,798$22,914,173$12,347,856$93,763,872
96$178,066,063$23,963,851$12,688,393$102,669,941
97$196,153,382$25,062,660$13,038,034$112,459,242
98$216,083,231$26,212,935$13,397,013$123,220,841
99$238,043,475$27,417,122$13,765,567$135,052,844
100$262,241,136$28,677,788$14,143,940$148,063,316