Can I retire at age 58 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$371,606$368,296$365,066$361,914$358,836$355,237
2 years$183,963$180,537$177,217$173,997$170,874$167,249
3 years$121,424$117,983$114,671$111,482$108,410$104,871
4 years$90,160$86,730$83,451$80,316$77,319$73,894
5 years$71,407$67,997$64,761$61,691$58,776$55,475
6 years$58,909$55,525$52,337$49,334$46,508$43,334
7 years$49,985$46,630$43,492$40,561$37,823$34,779
8 years$43,296$39,970$36,885$34,025$31,378$28,463
9 years$38,095$34,801$31,769$28,982$26,425$23,638
10 years$33,937$30,676$27,697$24,983$22,515$19,855
11 years$30,538$27,309$24,384$21,742$19,364$16,828
12 years$27,707$24,511$21,640$19,071$16,780$14,366
13 years$25,313$22,151$19,334$16,837$14,633$12,337
14 years$23,263$20,134$17,372$14,946$12,827$10,647
15 years$21,488$18,393$15,684$13,329$11,294$9,226
16 years$19,937$16,875$14,220$11,935$9,982$8,023
17 years$18,569$15,542$12,940$10,723$8,850$6,997
18 years$17,355$14,361$11,812$9,664$7,869$6,118
19 years$16,270$13,310$10,814$8,732$7,014$5,361
20 years$15,294$12,368$9,924$7,909$6,265$4,707
21 years$14,413$11,520$9,128$7,178$5,607$4,139
22 years$13,612$10,754$8,413$6,526$5,026$3,644
23 years$12,883$10,058$7,768$5,943$4,511$3,213
24 years$12,215$9,424$7,184$5,421$4,055$2,836
25 years$11,602$8,844$6,654$4,951$3,649$2,505
26 years$11,036$8,311$6,171$4,527$3,287$2,215
27 years$10,514$7,822$5,731$4,143$2,963$1,960
28 years$10,030$7,371$5,327$3,796$2,674$1,735
29 years$9,579$6,953$4,957$3,481$2,414$1,537
30 years$9,160$6,567$4,618$3,195$2,181$1,362
31 years$8,769$6,208$4,305$2,934$1,972$1,208
32 years$8,402$5,874$4,017$2,697$1,784$1,071
33 years$8,059$5,563$3,750$2,480$1,615$950
34 years$7,736$5,272$3,504$2,282$1,462$844
35 years$7,433$5,000$3,276$2,100$1,324$749
36 years$7,147$4,746$3,065$1,934$1,200$665
37 years$6,877$4,508$2,868$1,782$1,087$591
38 years$6,622$4,284$2,686$1,643$986$525
39 years$6,381$4,074$2,517$1,515$894$466
40 years$6,152$3,876$2,359$1,397$811$414
41 years$5,935$3,689$2,212$1,289$736$368
42 years$5,729$3,514$2,075$1,190$667$327
43 years$5,533$3,348$1,947$1,098$606$291
44 years$5,347$3,191$1,828$1,014$550$259
45 years$5,169$3,043$1,716$936$499$230
46 years$4,999$2,903$1,612$865$453$205
47 years$4,838$2,770$1,514$799$412$182
48 years$4,683$2,645$1,423$738$374$162
49 years$4,535$2,525$1,337$682$339$144
50 years$4,394$2,412$1,257$631$308$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $4,500,000, adding $3,671 every year, while hoping to spend $36,339 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: 50/42/8 Blend
57$4,500,000$4,500,000$4,500,000$4,500,000
58$4,962,787$4,724,287$4,654,537$5,200,478
59$5,430,326$4,917,112$4,771,799$5,555,895
60$5,944,337$5,118,168$4,891,772$5,937,706
61$6,509,521$5,327,820$5,014,508$6,351,732
62$7,131,058$5,546,449$5,140,059$6,800,999
63$7,814,655$5,774,454$5,268,480$7,288,832
64$8,566,599$6,012,252$5,399,824$7,818,884
65$9,393,820$6,260,280$5,534,146$8,395,171
66$10,303,951$6,518,994$5,671,501$9,022,102
67$11,305,401$6,788,873$5,811,944$9,704,529
68$12,407,439$7,070,414$5,955,530$10,447,781
69$13,620,274$7,364,141$6,102,317$11,257,719
70$14,955,158$7,670,600$6,252,361$12,140,788
71$16,424,487$7,990,362$6,405,717$13,104,076
72$18,041,920$8,324,025$6,562,444$14,155,377
73$19,822,508$8,672,215$6,722,599$15,303,264
74$21,782,837$9,035,586$6,886,239$16,557,168
75$23,941,180$9,414,823$7,053,421$17,927,466
76$26,317,673$9,810,643$7,224,204$19,425,572
77$28,934,505$10,223,793$7,398,644$21,064,049
78$31,816,126$10,655,060$7,576,800$22,856,717
79$34,989,476$11,105,264$7,758,728$24,818,789
80$38,484,243$11,575,262$7,944,486$26,967,004
81$42,333,141$12,065,955$8,134,131$29,319,789
82$46,572,216$12,578,282$8,327,720$31,897,426
83$51,241,192$13,113,227$8,525,308$34,722,239
84$56,383,839$13,671,821$8,726,952$37,818,805
85$62,048,392$14,255,142$8,932,706$41,214,181
86$68,288,001$14,864,317$9,142,625$44,938,155
87$75,161,237$15,500,528$9,356,762$49,023,524
88$82,732,641$16,165,011$9,575,171$53,506,399
89$91,073,333$16,859,060$9,797,903$58,426,542
90$100,261,689$17,584,030$10,025,008$63,827,739
91$110,384,071$18,341,337$10,256,535$69,758,205
92$121,535,650$19,132,466$10,492,533$76,271,038
93$133,821,301$19,958,972$10,733,048$83,424,711
94$147,356,592$20,822,480$10,978,123$91,283,623
95$162,268,877$21,724,694$11,227,803$99,918,701
96$178,698,495$22,667,397$11,482,127$109,408,060
97$196,800,098$23,652,455$11,741,134$119,837,740
98$216,744,106$24,681,824$12,004,860$131,302,506
99$238,718,320$25,757,549$12,273,339$143,906,742
100$262,929,693$26,881,773$12,546,600$157,765,426