Can I retire at age 58 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$363,348$360,111$356,954$353,872$350,862$344,342
2 years$179,875$176,525$173,278$170,131$167,077$160,532
3 years$118,726$115,361$112,123$109,004$106,001$99,635
4 years$88,157$84,803$81,597$78,531$75,601$69,464
5 years$69,820$66,486$63,322$60,320$57,470$51,580
6 years$57,600$54,291$51,174$48,238$45,474$39,836
7 years$48,875$45,594$42,526$39,659$36,983$31,599
8 years$42,334$39,082$36,065$33,269$30,681$25,550
9 years$37,249$34,028$31,063$28,338$25,838$20,956
10 years$33,183$29,994$27,081$24,428$22,015$17,378
11 years$29,859$26,702$23,842$21,259$18,934$14,537
12 years$27,091$23,966$21,159$18,647$16,407$12,245
13 years$24,751$21,658$18,904$16,463$14,308$10,372
14 years$22,746$19,687$16,986$14,614$12,542$8,826
15 years$21,011$17,984$15,336$13,033$11,043$7,540
16 years$19,494$16,500$13,904$11,670$9,760$6,461
17 years$18,156$15,196$12,652$10,485$8,654$5,552
18 years$16,969$14,042$11,550$9,449$7,694$4,782
19 years$15,908$13,014$10,573$8,538$6,858$4,126
20 years$14,954$12,093$9,704$7,733$6,126$3,566
21 years$14,092$11,264$8,925$7,018$5,482$3,087
22 years$13,310$10,515$8,226$6,381$4,914$2,675
23 years$12,597$9,834$7,595$5,811$4,411$2,320
24 years$11,944$9,214$7,024$5,300$3,965$2,015
25 years$11,344$8,647$6,506$4,841$3,568$1,751
26 years$10,791$8,127$6,034$4,426$3,214$1,522
27 years$10,280$7,648$5,603$4,051$2,897$1,324
28 years$9,807$7,207$5,209$3,712$2,614$1,153
29 years$9,367$6,799$4,847$3,404$2,361$1,004
30 years$8,956$6,421$4,515$3,124$2,133$874
31 years$8,574$6,070$4,209$2,869$1,928$762
32 years$8,216$5,743$3,927$2,637$1,744$664
33 years$7,880$5,439$3,667$2,425$1,579$579
34 years$7,564$5,155$3,426$2,231$1,429$505
35 years$7,268$4,889$3,203$2,054$1,295$441
36 years$6,988$4,641$2,997$1,891$1,173$384
37 years$6,724$4,408$2,805$1,743$1,063$335
38 years$6,475$4,189$2,627$1,606$964$293
39 years$6,239$3,983$2,461$1,481$874$255
40 years$6,015$3,790$2,306$1,366$793$223
41 years$5,803$3,607$2,163$1,260$719$195
42 years$5,602$3,436$2,029$1,163$653$170
43 years$5,410$3,273$1,904$1,074$592$148
44 years$5,228$3,120$1,787$991$538$129
45 years$5,054$2,975$1,678$916$488$113
46 years$4,888$2,838$1,576$846$443$99
47 years$4,730$2,709$1,481$781$402$86
48 years$4,579$2,586$1,391$722$365$75
49 years$4,434$2,469$1,308$667$332$66
50 years$4,296$2,359$1,229$617$301$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $4,400,000, adding $6,215 every year, while hoping to spend $28,823 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: 85/10/5 Blend
57$4,400,000$4,400,000$4,400,000$4,400,000
58$4,855,211$4,622,011$4,553,811$5,267,445
59$5,319,775$4,817,822$4,675,696$5,732,900
60$5,830,758$5,022,262$4,800,698$6,239,533
61$6,392,866$5,235,723$4,928,892$6,795,169
62$7,011,280$5,458,615$5,060,352$7,404,708
63$7,691,713$5,691,369$5,195,156$8,073,550
64$8,440,456$5,934,435$5,333,382$8,807,640
65$9,264,443$6,188,282$5,475,110$9,613,526
66$10,171,313$6,453,405$5,620,423$10,498,420
67$11,169,483$6,730,318$5,769,404$11,470,265
68$12,268,229$7,019,562$5,922,137$12,537,810
69$13,477,770$7,321,702$6,078,710$13,710,691
70$14,809,366$7,637,330$6,239,211$14,999,524
71$16,275,427$7,967,064$6,403,730$16,416,000
72$17,889,624$8,311,554$6,572,359$17,973,000
73$19,667,024$8,671,478$6,745,191$19,684,713
74$21,624,227$9,047,547$6,922,321$21,566,767
75$23,779,526$9,440,506$7,103,848$23,636,381
76$26,153,080$9,851,132$7,289,868$25,912,524
77$28,767,099$10,280,243$7,480,484$28,416,092
78$31,646,060$10,728,691$7,675,797$31,170,107
79$34,816,933$11,197,373$7,875,911$34,199,933
80$38,309,440$11,687,223$8,080,934$37,533,511
81$42,156,329$12,199,223$8,290,971$41,201,627
82$46,393,689$12,734,400$8,506,134$45,238,199
83$51,061,289$13,293,829$8,726,533$49,680,597
84$56,202,951$13,878,637$8,952,282$54,569,993
85$61,866,964$14,490,003$9,183,496$59,951,751
86$68,106,544$15,129,162$9,420,292$65,875,851
87$74,980,328$15,797,408$9,662,788$72,397,363
88$82,552,937$16,496,096$9,911,107$79,576,964
89$90,895,576$17,226,645$10,165,369$87,481,510
90$100,086,716$17,990,541$10,425,700$96,184,664
91$110,212,825$18,789,342$10,692,225$105,767,593
92$121,369,192$19,624,678$10,965,073$116,319,731
93$133,660,819$20,498,257$11,244,373$127,939,620
94$147,203,419$21,411,868$11,530,256$140,735,843
95$162,124,505$22,367,386$11,822,856$154,828,045
96$178,564,590$23,366,774$12,122,308$170,348,058
97$196,678,521$24,412,089$12,428,748$187,441,150
98$216,636,934$25,505,485$12,742,315$206,267,389
99$238,627,867$26,649,219$13,063,148$227,003,155
100$262,858,535$27,845,657$13,391,389$249,842,801