Can I retire at age 58 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$421,153$417,402$413,742$410,169$406,681$398,307
2 years$208,492$204,609$200,846$197,197$193,658$185,259
3 years$137,614$133,714$129,960$126,346$122,864$114,703
4 years$102,182$98,294$94,578$91,025$87,628$79,767
5 years$80,928$77,064$73,396$69,916$66,613$59,075
6 years$66,764$62,928$59,315$55,912$52,709$45,501
7 years$56,650$52,847$49,291$45,969$42,866$35,991
8 years$49,068$45,300$41,803$38,562$35,562$29,017
9 years$43,175$39,442$36,005$32,846$29,948$23,729
10 years$38,462$34,766$31,390$28,314$25,517$19,617
11 years$34,610$30,950$27,635$24,641$21,946$16,358
12 years$31,401$27,779$24,525$21,614$19,018$13,734
13 years$28,688$25,104$21,912$19,082$16,584$11,595
14 years$26,365$22,819$19,688$16,939$14,537$9,834
15 years$24,353$20,846$17,775$15,106$12,800$8,371
16 years$22,595$19,125$16,116$13,526$11,312$7,149
17 years$21,045$17,614$14,665$12,153$10,030$6,121
18 years$19,669$16,276$13,387$10,952$8,919$5,252
19 years$18,439$15,084$12,255$9,896$7,949$4,515
20 years$17,333$14,017$11,247$8,963$7,101$3,888
21 years$16,334$13,056$10,345$8,135$6,354$3,352
22 years$15,427$12,188$9,535$7,396$5,696$2,894
23 years$14,601$11,399$8,804$6,736$5,113$2,501
24 years$13,844$10,680$8,142$6,144$4,595$2,163
25 years$13,149$10,023$7,541$5,611$4,135$1,872
26 years$12,508$9,420$6,994$5,130$3,725$1,621
27 years$11,916$8,865$6,495$4,696$3,358$1,405
28 years$11,367$8,353$6,038$4,302$3,030$1,218
29 years$10,857$7,881$5,618$3,945$2,736$1,056
30 years$10,381$7,442$5,233$3,621$2,472$916
31 years$9,938$7,035$4,879$3,325$2,235$795
32 years$9,523$6,657$4,552$3,056$2,022$690
33 years$9,133$6,304$4,250$2,810$1,830$599
34 years$8,768$5,975$3,971$2,586$1,657$520
35 years$8,424$5,667$3,713$2,380$1,501$452
36 years$8,100$5,379$3,473$2,192$1,360$393
37 years$7,794$5,109$3,251$2,020$1,232$341
38 years$7,505$4,855$3,044$1,862$1,117$296
39 years$7,232$4,617$2,852$1,717$1,013$258
40 years$6,973$4,393$2,673$1,583$919$224
41 years$6,727$4,181$2,507$1,461$834$195
42 years$6,493$3,982$2,351$1,348$756$169
43 years$6,271$3,794$2,207$1,245$686$147
44 years$6,060$3,617$2,071$1,149$623$128
45 years$5,858$3,449$1,945$1,061$566$111
46 years$5,666$3,290$1,827$980$514$97
47 years$5,483$3,140$1,716$906$466$84
48 years$5,307$2,997$1,613$837$424$73
49 years$5,140$2,862$1,516$773$385$63
50 years$4,979$2,734$1,425$715$349$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $5,100,000, adding $3,966 every year, while hoping to spend $49,217 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: 63/12/25 Blend
57$5,100,000$5,100,000$5,100,000$5,100,000
58$5,624,291$5,353,991$5,274,941$5,941,272
59$6,145,602$5,563,970$5,399,285$6,366,190
60$6,718,437$5,782,588$5,526,145$6,824,313
61$7,348,001$6,010,218$5,655,553$7,323,617
62$8,040,024$6,247,246$5,787,542$7,868,139
63$8,800,823$6,494,078$5,922,141$8,462,322
64$9,637,357$6,751,137$6,059,382$9,111,059
65$10,557,291$7,018,866$6,199,295$9,819,735
66$11,569,071$7,297,727$6,341,908$10,594,280
67$12,682,003$7,588,202$6,487,249$11,441,222
68$13,906,340$7,890,797$6,635,344$12,367,751
69$15,253,378$8,206,038$6,786,220$13,381,783
70$16,735,566$8,534,477$6,939,902$14,492,034
71$18,366,616$8,876,689$7,096,411$15,708,105
72$20,161,640$9,233,276$7,255,770$17,040,568
73$22,137,288$9,604,867$7,417,999$18,501,067
74$24,311,906$9,992,120$7,583,116$20,102,427
75$26,705,708$10,395,721$7,751,138$21,858,772
76$29,340,968$10,816,390$7,922,079$23,785,661
77$32,242,230$11,254,876$8,095,952$25,900,232
78$35,436,539$11,711,966$8,272,768$28,221,362
79$38,953,693$12,188,479$8,452,532$30,769,845
80$42,826,529$12,685,275$8,635,252$33,568,588
81$47,091,231$13,203,249$8,820,929$36,642,825
82$51,787,669$13,743,341$9,009,562$40,020,355
83$56,959,777$14,306,531$9,201,149$43,731,803
84$62,655,968$14,893,844$9,395,681$47,810,906
85$68,929,589$15,506,355$9,593,148$52,294,835
86$75,839,425$16,145,183$9,793,536$57,224,538
87$83,450,252$16,811,504$9,996,826$62,645,132
88$91,833,454$17,506,543$10,202,995$68,606,323
89$101,067,686$18,231,584$10,412,016$75,162,874
90$111,239,629$18,987,970$10,623,857$82,375,123
91$122,444,794$19,777,104$10,838,480$90,309,549
92$134,788,437$20,600,456$11,055,843$99,039,401
93$148,386,541$21,459,562$11,275,896$108,645,381
94$163,366,916$22,356,028$11,498,587$119,216,414
95$179,870,406$23,291,538$11,723,854$130,850,475
96$198,052,213$24,267,849$11,951,629$143,655,522
97$218,083,369$25,286,803$12,181,838$157,750,506
98$240,152,341$26,350,326$12,414,399$173,266,496
99$264,466,820$27,460,432$12,649,221$190,347,912
100$291,255,672$28,619,229$12,886,206$209,153,889