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%13.9%
1 years$355,090$351,927$348,841$345,829$342,888$337,346
2 years$175,787$172,513$169,340$166,264$163,280$157,712
3 years$116,027$112,739$109,574$106,527$103,592$98,171
4 years$86,153$82,875$79,742$76,747$73,882$68,650
5 years$68,234$64,975$61,883$58,949$56,164$51,136
6 years$56,291$53,057$50,011$47,142$44,441$39,623
7 years$47,764$44,557$41,559$38,758$36,142$31,535
8 years$41,371$38,194$35,245$32,513$29,984$25,587
9 years$36,402$33,255$30,357$27,694$25,250$21,062
10 years$32,429$29,312$26,466$23,872$21,515$17,531
11 years$29,181$26,095$23,300$20,776$18,503$14,720
12 years$26,475$23,422$20,678$18,223$16,035$12,446
13 years$24,188$21,166$18,475$16,089$13,982$10,585
14 years$22,229$19,239$16,600$14,282$12,257$9,044
15 years$20,533$17,576$14,987$12,737$10,792$7,758
16 years$19,051$16,125$13,588$11,404$9,538$6,676
17 years$17,744$14,851$12,365$10,247$8,457$5,761
18 years$16,583$13,723$11,287$9,234$7,520$4,983
19 years$15,546$12,718$10,333$8,344$6,702$4,319
20 years$14,614$11,818$9,483$7,557$5,987$3,750
21 years$13,772$11,008$8,723$6,859$5,357$3,261
22 years$13,007$10,276$8,039$6,236$4,802$2,839
23 years$12,310$9,611$7,423$5,679$4,311$2,474
24 years$11,672$9,005$6,865$5,180$3,875$2,158
25 years$11,086$8,450$6,358$4,731$3,487$1,884
26 years$10,546$7,942$5,897$4,325$3,141$1,646
27 years$10,047$7,474$5,476$3,959$2,831$1,439
28 years$9,584$7,043$5,090$3,627$2,555$1,259
29 years$9,154$6,644$4,737$3,326$2,307$1,102
30 years$8,753$6,275$4,412$3,053$2,085$964
31 years$8,379$5,932$4,114$2,804$1,885$845
32 years$8,029$5,613$3,838$2,577$1,705$740
33 years$7,701$5,315$3,584$2,369$1,543$648
34 years$7,393$5,038$3,348$2,180$1,397$568
35 years$7,103$4,778$3,130$2,007$1,265$498
36 years$6,829$4,535$2,928$1,848$1,146$437
37 years$6,572$4,307$2,741$1,703$1,039$383
38 years$6,328$4,094$2,567$1,570$942$336
39 years$6,097$3,893$2,405$1,447$854$295
40 years$5,879$3,704$2,254$1,335$775$259
41 years$5,671$3,525$2,114$1,232$703$227
42 years$5,475$3,357$1,983$1,137$638$199
43 years$5,287$3,199$1,860$1,049$579$175
44 years$5,109$3,049$1,746$969$525$153
45 years$4,939$2,908$1,640$895$477$135
46 years$4,777$2,774$1,540$826$433$118
47 years$4,623$2,647$1,447$764$393$104
48 years$4,475$2,527$1,360$706$357$91
49 years$4,334$2,413$1,278$652$324$80
50 years$4,198$2,305$1,202$603$295$70

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 $6,330 every year, while hoping to spend $49,903 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: 34/42/24 Blend
57$4,300,000$4,300,000$4,300,000$4,300,000
58$4,745,129$4,517,229$4,450,579$4,871,614
59$5,176,036$4,685,477$4,546,577$5,134,779
60$5,649,223$4,860,297$4,644,119$5,413,394
61$6,168,950$5,041,957$4,743,203$5,712,847
62$6,739,909$5,230,739$4,843,826$6,035,019
63$7,367,270$5,426,936$4,945,985$6,381,975
64$8,056,729$5,630,853$5,049,673$6,755,982
65$8,814,559$5,842,809$5,154,881$7,159,529
66$9,647,674$6,063,136$5,261,599$7,595,350
67$10,563,688$6,292,181$5,369,814$8,066,448
68$11,570,992$6,530,306$5,479,511$8,576,122
69$12,678,830$6,777,888$5,590,671$9,127,999
70$13,897,387$7,035,321$5,703,275$9,726,062
71$15,237,884$7,303,015$5,817,298$10,374,692
72$16,712,685$7,581,400$5,932,714$11,078,702
73$18,335,413$7,870,922$6,049,494$11,843,388
74$20,121,077$8,172,049$6,167,604$12,674,571
75$22,086,215$8,485,268$6,287,008$13,578,652
76$24,249,051$8,811,088$6,407,664$14,562,675
77$26,629,662$9,150,039$6,529,528$15,634,384
78$29,250,172$9,502,676$6,652,553$16,802,301
79$32,134,959$9,869,577$6,776,683$18,075,803
80$35,310,885$10,251,346$6,901,862$19,465,205
81$38,807,547$10,648,614$7,028,026$20,981,859
82$42,657,560$11,062,039$7,155,108$22,638,260
83$46,896,861$11,492,308$7,283,033$24,448,156
84$51,565,049$11,940,140$7,411,724$26,426,682
85$56,705,762$12,406,284$7,541,094$28,590,496
86$62,367,081$12,891,524$7,671,052$30,957,938
87$68,601,990$13,396,675$7,801,499$33,549,194
88$75,468,874$13,922,594$7,932,330$36,386,491
89$83,032,069$14,470,171$8,063,433$39,494,300
90$91,362,469$15,040,338$8,194,687$42,899,563
91$100,538,196$15,634,069$8,325,964$46,631,949
92$110,645,334$16,252,381$8,457,126$50,724,126
93$121,778,746$16,896,336$8,588,028$55,212,070
94$134,042,965$17,567,043$8,718,514$60,135,398
95$147,553,183$18,265,663$8,848,419$65,537,739
96$162,436,334$18,993,407$8,977,568$71,467,145
97$178,832,298$19,751,542$9,105,774$77,976,538
98$196,895,214$20,541,390$9,232,840$85,124,204
99$216,794,943$21,364,334$9,358,556$92,974,345
100$238,718,660$22,221,820$9,482,701$101,597,673