Can I retire at age 58 with 5,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$437,669$433,771$429,967$426,254$422,629$412,916
2 years$216,668$212,633$208,722$204,930$201,252$191,519
3 years$143,010$138,958$135,057$131,301$127,683$118,235
4 years$106,189$102,149$98,287$94,595$91,064$81,974
5 years$84,102$80,086$76,275$72,658$69,226$60,519
6 years$69,382$65,396$61,641$58,105$54,776$46,461
7 years$58,872$54,920$51,224$47,771$44,547$36,626
8 years$50,993$47,076$43,442$40,074$36,956$29,426
9 years$44,868$40,988$37,417$34,134$31,123$23,977
10 years$39,971$36,129$32,621$29,424$26,518$19,749
11 years$35,967$32,164$28,719$25,608$22,806$16,405
12 years$32,632$28,868$25,487$22,461$19,764$13,720
13 years$29,813$26,089$22,771$19,830$17,234$11,537
14 years$27,399$23,714$20,460$17,603$15,107$9,744
15 years$25,308$21,663$18,473$15,699$13,302$8,261
16 years$23,481$19,875$16,748$14,057$11,756$7,024
17 years$21,870$18,304$15,240$12,630$10,424$5,988
18 years$20,440$16,914$13,912$11,382$9,268$5,116
19 years$19,162$15,676$12,736$10,285$8,261$4,379
20 years$18,013$14,567$11,688$9,315$7,379$3,753
21 years$16,975$13,568$10,751$8,454$6,603$3,222
22 years$16,032$12,666$9,909$7,686$5,919$2,768
23 years$15,173$11,846$9,149$7,000$5,313$2,381
24 years$14,387$11,099$8,461$6,384$4,776$2,049
25 years$13,664$10,416$7,837$5,831$4,297$1,765
26 years$12,998$9,789$7,268$5,331$3,871$1,521
27 years$12,383$9,213$6,749$4,880$3,490$1,312
28 years$11,813$8,681$6,274$4,471$3,149$1,132
29 years$11,282$8,190$5,839$4,100$2,843$977
30 years$10,789$7,734$5,439$3,763$2,569$843
31 years$10,327$7,311$5,070$3,456$2,323$728
32 years$9,896$6,918$4,731$3,176$2,101$629
33 years$9,492$6,551$4,417$2,921$1,902$543
34 years$9,112$6,209$4,127$2,687$1,722$469
35 years$8,754$5,889$3,858$2,474$1,559$406
36 years$8,418$5,590$3,610$2,278$1,413$351
37 years$8,100$5,309$3,378$2,099$1,281$303
38 years$7,800$5,046$3,164$1,935$1,161$262
39 years$7,515$4,798$2,964$1,784$1,053$227
40 years$7,246$4,565$2,778$1,645$955$196
41 years$6,990$4,345$2,605$1,518$866$169
42 years$6,748$4,138$2,444$1,401$786$146
43 years$6,517$3,943$2,293$1,293$713$127
44 years$6,297$3,758$2,152$1,194$648$110
45 years$6,088$3,584$2,021$1,103$588$95
46 years$5,888$3,419$1,898$1,019$534$82
47 years$5,698$3,263$1,783$941$485$71
48 years$5,515$3,115$1,676$870$440$61
49 years$5,341$2,974$1,575$804$400$53
50 years$5,175$2,841$1,481$743$363$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $5,300,000, adding $4,155 every year, while hoping to spend $31,471 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: 56/32/12 Blend
57$5,300,000$5,300,000$5,300,000$5,300,000
58$5,844,886$5,563,986$5,481,836$6,154,243
59$6,407,579$5,803,136$5,631,992$6,603,294
60$7,026,613$6,052,950$5,786,125$7,088,366
61$7,707,700$6,313,917$5,944,332$7,615,984
62$8,457,135$6,586,549$6,106,717$8,190,218
63$9,281,855$6,871,383$6,273,385$8,815,541
64$10,189,503$7,168,979$6,444,441$9,496,872
65$11,188,499$7,479,925$6,619,997$10,239,618
66$12,288,122$7,804,838$6,800,163$11,049,726
67$13,498,596$8,144,360$6,985,054$11,933,735
68$14,831,186$8,499,168$7,174,787$12,898,840
69$16,298,307$8,869,966$7,369,482$13,952,952
70$17,913,635$9,257,496$7,569,261$15,104,777
71$19,692,243$9,662,531$7,774,248$16,363,890
72$21,650,739$10,085,882$7,984,573$17,740,830
73$23,807,423$10,528,399$8,200,365$19,247,190
74$26,182,461$10,990,971$8,421,757$20,895,732
75$28,798,073$11,474,529$8,648,887$22,700,497
76$31,678,744$11,980,049$8,881,893$24,676,940
77$34,851,458$12,508,553$9,120,917$26,842,074
78$38,345,944$13,061,110$9,366,106$29,214,624
79$42,194,967$13,638,841$9,617,607$31,815,203
80$46,434,629$14,242,919$9,875,572$34,666,503
81$51,104,713$14,874,574$10,140,156$37,793,509
82$56,249,059$15,535,093$10,411,516$41,223,725
83$61,915,976$16,225,826$10,689,815$44,987,438
84$68,158,698$16,948,184$10,975,216$49,117,994
85$75,035,887$17,703,647$11,267,888$53,652,112
86$82,612,187$18,493,765$11,568,002$58,630,226
87$90,958,833$19,320,162$11,875,733$64,096,866
88$100,154,323$20,184,540$12,191,259$70,101,065
89$110,285,161$21,088,679$12,514,763$76,696,829
90$121,446,669$22,034,446$12,846,429$83,943,633
91$133,743,893$23,023,797$13,186,448$91,906,982
92$147,292,587$24,058,781$13,535,011$100,659,023
93$162,220,314$25,141,543$13,892,317$110,279,222
94$178,667,640$26,274,333$14,258,564$120,855,106
95$196,789,471$27,459,507$14,633,958$132,483,086
96$216,756,507$28,699,533$15,018,705$145,269,359
97$238,756,858$29,996,998$15,413,019$159,330,906
98$262,997,818$31,354,610$15,817,115$174,796,590
99$289,707,819$32,775,210$16,231,212$191,808,361
100$319,138,594$34,261,773$16,655,535$210,522,594