Can I retire at age 58 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$396,380$392,849$389,404$386,042$382,759$374,266
2 years$196,227$192,573$189,031$185,597$182,266$173,754
3 years$129,519$125,849$122,316$118,914$115,637$107,371
4 years$96,171$92,512$89,014$85,671$82,473$74,518
5 years$76,168$72,531$69,079$65,803$62,695$55,072
6 years$62,836$59,227$55,826$52,623$49,608$42,326
7 years$53,318$49,738$46,392$43,265$40,345$33,404
8 years$46,182$42,635$39,344$36,294$33,470$26,868
9 years$40,635$37,121$33,887$30,914$28,187$21,919
10 years$36,200$32,721$29,543$26,648$24,016$18,077
11 years$32,574$29,129$26,009$23,192$20,655$15,035
12 years$29,554$26,145$23,083$20,342$17,899$12,590
13 years$27,001$23,627$20,623$17,959$15,608$10,601
14 years$24,814$21,477$18,530$15,942$13,682$8,966
15 years$22,921$19,619$16,730$14,218$12,047$7,612
16 years$21,266$18,000$15,168$12,730$10,647$6,482
17 years$19,807$16,578$13,802$11,438$9,440$5,534
18 years$18,512$15,318$12,600$10,308$8,394$4,735
19 years$17,354$14,197$11,534$9,314$7,482$4,058
20 years$16,314$13,193$10,586$8,436$6,683$3,484
21 years$15,373$12,288$9,737$7,656$5,980$2,995
22 years$14,520$11,471$8,974$6,961$5,361$2,577
23 years$13,742$10,728$8,286$6,340$4,812$2,220
24 years$13,029$10,052$7,663$5,782$4,325$1,914
25 years$12,375$9,433$7,098$5,281$3,892$1,651
26 years$11,772$8,866$6,583$4,828$3,506$1,425
27 years$11,215$8,344$6,113$4,419$3,161$1,231
28 years$10,698$7,862$5,682$4,049$2,852$1,064
29 years$10,218$7,417$5,288$3,713$2,575$920
30 years$9,771$7,005$4,926$3,408$2,327$795
31 years$9,353$6,622$4,592$3,130$2,104$688
32 years$8,962$6,265$4,284$2,876$1,903$595
33 years$8,596$5,933$4,000$2,645$1,722$515
34 years$8,252$5,624$3,738$2,434$1,559$446
35 years$7,928$5,334$3,494$2,240$1,412$386
36 years$7,624$5,063$3,269$2,063$1,280$334
37 years$7,336$4,808$3,060$1,901$1,160$289
38 years$7,064$4,570$2,865$1,752$1,051$250
39 years$6,806$4,345$2,684$1,616$953$217
40 years$6,562$4,134$2,516$1,490$865$188
41 years$6,331$3,935$2,359$1,375$785$163
42 years$6,111$3,748$2,213$1,269$712$141
43 years$5,902$3,571$2,077$1,171$646$122
44 years$5,703$3,404$1,949$1,082$586$106
45 years$5,513$3,246$1,830$999$532$92
46 years$5,333$3,096$1,719$923$483$79
47 years$5,160$2,955$1,615$852$439$69
48 years$4,995$2,821$1,518$788$399$60
49 years$4,837$2,694$1,427$728$362$52
50 years$4,686$2,573$1,341$673$329$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $4,800,000, adding $6,063 every year, while hoping to spend $59,574 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: 36/50/14 Blend
57$4,800,000$4,800,000$4,800,000$4,800,000
58$5,295,854$5,041,454$4,967,054$5,463,485
59$5,772,645$5,225,099$5,070,064$5,768,453
60$6,296,072$5,415,746$5,174,528$6,091,348
61$6,870,828$5,613,675$5,280,432$6,438,638
62$7,502,086$5,819,178$5,387,760$6,812,527
63$8,195,540$6,032,559$5,496,492$7,215,429
64$8,957,467$6,254,136$5,606,605$7,649,999
65$9,794,778$6,484,239$5,718,076$8,119,148
66$10,715,090$6,723,211$5,830,877$8,626,075
67$11,726,793$6,971,412$5,944,975$9,174,292
68$12,839,131$7,229,216$6,060,337$9,767,657
69$14,062,288$7,497,013$6,176,923$10,410,410
70$15,407,484$7,775,210$6,294,693$11,107,210
71$16,887,082$8,064,229$6,413,599$11,863,177
72$18,514,702$8,364,514$6,533,592$12,683,938
73$20,305,350$8,676,524$6,654,617$13,575,681
74$22,275,563$9,000,741$6,776,613$14,545,211
75$24,443,558$9,337,665$6,899,517$15,600,007
76$26,829,409$9,687,818$7,023,259$16,748,297
77$29,455,234$10,051,746$7,147,763$17,999,132
78$32,345,403$10,430,018$7,272,949$19,362,467
79$35,526,771$10,823,225$7,398,729$20,849,252
80$39,028,925$11,231,986$7,525,010$22,471,539
81$42,884,469$11,656,948$7,651,692$24,242,585
82$47,129,329$12,098,782$7,778,668$26,176,980
83$51,803,089$12,558,191$7,905,822$28,290,781
84$56,949,370$13,035,908$8,033,033$30,601,659
85$62,616,236$13,532,698$8,160,170$33,129,066
86$68,856,651$14,049,359$8,287,094$35,894,411
87$75,728,975$14,586,723$8,413,657$38,921,263
88$83,297,517$15,145,660$8,539,702$42,235,569
89$91,633,143$15,727,076$8,665,061$45,865,893
90$100,813,940$16,331,919$8,789,557$49,843,686
91$110,925,957$16,961,178$8,913,002$54,203,576
92$122,064,012$17,615,883$9,035,195$58,983,694
93$134,332,592$18,297,113$9,155,925$64,226,024
94$147,846,836$19,005,991$9,274,968$69,976,804
95$162,733,622$19,743,692$9,392,088$76,286,950
96$179,132,761$20,511,443$9,507,032$83,212,535
97$197,198,322$21,310,523$9,619,537$90,815,315
98$217,100,082$22,142,270$9,729,323$99,163,305
99$239,025,129$23,008,080$9,836,094$108,331,416
100$263,179,626$23,909,410$9,939,538$118,402,159