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

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$355,090$351,927$348,841$345,829$342,888$334,057
2 years$175,787$172,513$169,340$166,264$163,280$154,441
3 years$116,027$112,739$109,574$106,527$103,592$95,022
4 years$86,153$82,875$79,742$76,747$73,882$65,648
5 years$68,234$64,975$61,883$58,949$56,164$48,288
6 years$56,291$53,057$50,011$47,142$44,441$36,930
7 years$47,764$44,557$41,559$38,758$36,142$28,998
8 years$41,371$38,194$35,245$32,513$29,984$23,202
9 years$36,402$33,255$30,357$27,694$25,250$18,826
10 years$32,429$29,312$26,466$23,872$21,515$15,439
11 years$29,181$26,095$23,300$20,776$18,503$12,768
12 years$26,475$23,422$20,678$18,223$16,035$10,629
13 years$24,188$21,166$18,475$16,089$13,982$8,896
14 years$22,229$19,239$16,600$14,282$12,257$7,478
15 years$20,533$17,576$14,987$12,737$10,792$6,308
16 years$19,051$16,125$13,588$11,404$9,538$5,338
17 years$17,744$14,851$12,365$10,247$8,457$4,527
18 years$16,583$13,723$11,287$9,234$7,520$3,848
19 years$15,546$12,718$10,333$8,344$6,702$3,276
20 years$14,614$11,818$9,483$7,557$5,987$2,793
21 years$13,772$11,008$8,723$6,859$5,357$2,385
22 years$13,007$10,276$8,039$6,236$4,802$2,038
23 years$12,310$9,611$7,423$5,679$4,311$1,743
24 years$11,672$9,005$6,865$5,180$3,875$1,492
25 years$11,086$8,450$6,358$4,731$3,487$1,278
26 years$10,546$7,942$5,897$4,325$3,141$1,095
27 years$10,047$7,474$5,476$3,959$2,831$939
28 years$9,584$7,043$5,090$3,627$2,555$806
29 years$9,154$6,644$4,737$3,326$2,307$691
30 years$8,753$6,275$4,412$3,053$2,085$593
31 years$8,379$5,932$4,114$2,804$1,885$509
32 years$8,029$5,613$3,838$2,577$1,705$437
33 years$7,701$5,315$3,584$2,369$1,543$376
34 years$7,393$5,038$3,348$2,180$1,397$323
35 years$7,103$4,778$3,130$2,007$1,265$277
36 years$6,829$4,535$2,928$1,848$1,146$238
37 years$6,572$4,307$2,741$1,703$1,039$205
38 years$6,328$4,094$2,567$1,570$942$176
39 years$6,097$3,893$2,405$1,447$854$151
40 years$5,879$3,704$2,254$1,335$775$130
41 years$5,671$3,525$2,114$1,232$703$112
42 years$5,475$3,357$1,983$1,137$638$96
43 years$5,287$3,199$1,860$1,049$579$83
44 years$5,109$3,049$1,746$969$525$71
45 years$4,939$2,908$1,640$895$477$61
46 years$4,777$2,774$1,540$826$433$52
47 years$4,623$2,647$1,447$764$393$45
48 years$4,475$2,527$1,360$706$357$39
49 years$4,334$2,413$1,278$652$324$33
50 years$4,198$2,305$1,202$603$295$29

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 $4,342 every year, while hoping to spend $41,040 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: 63/21/16 Blend
57$4,300,000$4,300,000$4,300,000$4,300,000
58$4,743,079$4,515,179$4,448,529$5,022,829
59$5,183,207$4,692,756$4,553,888$5,388,781
60$5,666,852$4,877,660$4,661,402$5,783,177
61$6,198,410$5,070,204$4,771,098$6,212,885
62$6,782,724$5,270,720$4,883,006$6,681,344
63$7,425,128$5,479,552$4,997,153$7,192,340
64$8,131,501$5,697,059$5,113,567$7,750,035
65$8,908,317$5,923,618$5,232,274$8,359,014
66$9,762,711$6,159,622$5,353,302$9,024,320
67$10,702,545$6,405,480$5,476,674$9,751,507
68$11,736,479$6,661,623$5,602,417$10,546,685
69$12,874,055$6,928,499$5,730,554$11,416,583
70$14,125,789$7,206,575$5,861,108$12,368,608
71$15,503,266$7,496,343$5,994,101$13,410,914
72$17,019,249$7,798,314$6,129,553$14,552,479
73$18,687,803$8,113,023$6,267,485$15,803,190
74$20,524,427$8,441,029$6,407,914$17,173,932
75$22,546,197$8,782,917$6,550,856$18,676,692
76$24,771,927$9,139,299$6,696,329$20,324,671
77$27,222,352$9,510,812$6,844,344$22,132,406
78$29,920,316$9,898,127$6,994,914$24,115,906
79$32,890,993$10,301,940$7,148,048$26,292,805
80$36,162,122$10,722,982$7,303,755$28,682,522
81$39,764,267$11,162,017$7,462,040$31,306,447
82$43,731,110$11,619,843$7,622,905$34,188,140
83$48,099,764$12,097,296$7,786,353$37,353,552
84$52,911,125$12,595,249$7,952,381$40,831,267
85$58,210,258$13,114,614$8,120,984$44,652,773
86$64,046,822$13,656,348$8,292,155$48,852,756
87$70,475,538$14,221,449$8,465,882$53,469,424
88$77,556,705$14,810,962$8,642,151$58,544,868
89$85,356,769$15,425,980$8,820,944$64,125,459
90$93,948,953$16,067,646$9,002,239$70,262,278
91$103,413,942$16,737,156$9,186,010$77,011,604
92$113,840,649$17,435,762$9,372,226$84,435,434
93$125,327,052$18,164,771$9,560,852$92,602,075
94$137,981,120$18,925,554$9,751,850$101,586,780
95$151,921,830$19,719,542$9,945,173$111,472,459
96$167,280,292$20,548,235$10,140,771$122,350,457
97$184,200,984$21,413,200$10,338,589$134,321,417
98$202,843,116$22,316,079$10,538,564$147,496,224
99$223,382,136$23,258,589$10,740,627$161,997,051
100$246,011,379$24,242,525$10,944,704$177,958,507