Can I retire at age 58 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$404,637$401,033$397,517$394,084$390,733$376,420
2 years$200,316$196,585$192,969$189,464$186,063$171,803
3 years$132,217$128,470$124,864$121,391$118,046$104,287
4 years$98,175$94,439$90,869$87,456$84,192$71,038
5 years$77,754$74,042$70,518$67,174$64,001$51,487
6 years$64,145$60,461$56,989$53,720$50,642$38,777
7 years$54,429$50,775$47,358$44,166$41,185$29,966
8 years$47,144$43,523$40,163$37,050$34,167$23,584
9 years$41,482$37,895$34,593$31,558$28,774$18,812
10 years$36,954$33,402$30,159$27,203$24,517$15,159
11 years$33,252$29,736$26,551$23,675$21,085$12,312
12 years$30,170$26,690$23,564$20,766$18,272$10,061
13 years$27,563$24,120$21,053$18,334$15,934$8,262
14 years$25,331$21,924$18,916$16,274$13,967$6,812
15 years$23,398$20,028$17,078$14,514$12,298$5,634
16 years$21,709$18,375$15,484$12,996$10,869$4,672
17 years$20,220$16,923$14,090$11,676$9,637$3,882
18 years$18,897$15,638$12,862$10,523$8,569$3,231
19 years$17,716$14,493$11,775$9,508$7,638$2,694
20 years$16,654$13,467$10,806$8,612$6,822$2,248
21 years$15,694$12,544$9,940$7,816$6,105$1,878
22 years$14,822$11,710$9,161$7,106$5,472$1,570
23 years$14,028$10,952$8,459$6,472$4,912$1,314
24 years$13,301$10,261$7,823$5,903$4,415$1,100
25 years$12,633$9,630$7,245$5,391$3,973$921
26 years$12,017$9,050$6,720$4,929$3,579$772
27 years$11,448$8,517$6,240$4,512$3,227$647
28 years$10,921$8,026$5,801$4,134$2,911$543
29 years$10,431$7,571$5,398$3,791$2,629$455
30 years$9,974$7,150$5,028$3,479$2,375$382
31 years$9,548$6,760$4,688$3,195$2,148$320
32 years$9,149$6,396$4,374$2,936$1,943$269
33 years$8,775$6,057$4,084$2,700$1,758$225
34 years$8,424$5,741$3,816$2,484$1,592$189
35 years$8,094$5,445$3,567$2,287$1,442$159
36 years$7,782$5,168$3,337$2,106$1,306$133
37 years$7,489$4,908$3,123$1,941$1,184$112
38 years$7,211$4,665$2,925$1,789$1,073$94
39 years$6,948$4,436$2,740$1,649$973$79
40 years$6,699$4,220$2,569$1,521$883$66
41 years$6,463$4,017$2,408$1,404$801$56
42 years$6,238$3,826$2,259$1,295$727$47
43 years$6,025$3,645$2,120$1,196$660$39
44 years$5,822$3,475$1,990$1,104$599$33
45 years$5,628$3,314$1,869$1,020$544$28
46 years$5,444$3,161$1,755$942$493$23
47 years$5,268$3,017$1,649$870$448$19
48 years$5,099$2,880$1,549$804$407$16
49 years$4,938$2,750$1,456$743$370$14
50 years$4,784$2,627$1,369$687$336$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $4,900,000, adding $3,618 every year, while hoping to spend $36,096 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: 59/26/15 Blend
57$4,900,000$4,900,000$4,900,000$4,900,000
58$5,403,532$5,143,832$5,067,882$5,701,555
59$5,916,286$5,357,474$5,199,250$6,116,856
60$6,480,132$5,580,374$5,333,809$6,565,205
61$7,100,242$5,812,949$5,471,628$7,053,283
62$7,782,316$6,055,633$5,612,777$7,584,926
63$8,532,633$6,308,881$5,757,327$8,164,350
64$9,358,114$6,573,168$5,905,349$8,796,197
65$10,266,381$6,848,992$6,056,918$9,485,569
66$11,265,834$7,136,875$6,212,106$10,238,082
67$12,365,728$7,437,360$6,370,991$11,059,914
68$13,576,260$7,751,020$6,533,647$11,957,862
69$14,908,668$8,078,449$6,700,154$12,939,407
70$16,375,332$8,420,272$6,870,588$14,012,782
71$17,989,893$8,777,143$7,045,031$15,187,046
72$19,767,385$9,149,746$7,223,562$16,472,173
73$21,724,370$9,538,795$7,406,263$17,879,139
74$23,879,100$9,945,041$7,593,217$19,420,029
75$26,251,686$10,369,266$7,784,508$21,108,145
76$28,864,289$10,812,291$7,980,220$22,958,133
77$31,741,328$11,274,974$8,180,439$24,986,117
78$34,909,711$11,758,215$8,385,251$27,209,851
79$38,399,087$12,262,954$8,594,743$29,648,883
80$42,242,131$12,790,175$8,809,003$32,324,739
81$46,474,845$13,340,910$9,028,121$35,261,121
82$51,136,902$13,916,237$9,252,186$38,484,134
83$56,272,019$14,517,287$9,481,288$42,022,525
84$61,928,373$15,145,241$9,715,518$45,907,951
85$68,159,047$15,801,338$9,954,969$50,175,280
86$75,022,541$16,486,874$10,199,731$54,862,915
87$82,583,316$17,203,207$10,449,898$60,013,152
88$90,912,406$17,951,757$10,705,562$65,672,579
89$100,088,091$18,734,012$10,966,817$71,892,511
90$110,196,628$19,551,530$11,233,757$78,729,470
91$121,333,071$20,405,942$11,506,475$86,245,720
92$133,602,168$21,298,957$11,785,066$94,509,845
93$147,119,346$22,232,363$12,069,622$103,597,397
94$162,011,803$23,208,033$12,360,239$113,591,603
95$178,419,709$24,227,929$12,657,009$124,584,147
96$196,497,527$25,294,104$12,960,026$136,676,035
97$216,415,471$26,408,712$13,269,383$149,978,537
98$238,361,113$27,574,003$13,585,172$164,614,238
99$262,541,157$28,792,339$13,907,485$180,718,190
100$289,183,381$30,066,190$14,236,412$198,439,180