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

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$437,669$433,771$429,967$426,254$422,629$408,610
2 years$216,668$212,633$208,722$204,930$201,252$187,264
3 years$143,010$138,958$135,057$131,301$127,683$114,165
4 years$106,189$102,149$98,287$94,595$91,064$78,120
5 years$84,102$80,086$76,275$72,658$69,226$56,890
6 years$69,382$65,396$61,641$58,105$54,776$43,058
7 years$58,872$54,920$51,224$47,771$44,547$33,447
8 years$50,993$47,076$43,442$40,074$36,956$26,464
9 years$44,868$40,988$37,417$34,134$31,123$21,226
10 years$39,971$36,129$32,621$29,424$26,518$17,202
11 years$35,967$32,164$28,719$25,608$22,806$14,053
12 years$32,632$28,868$25,487$22,461$19,764$11,553
13 years$29,813$26,089$22,771$19,830$17,234$9,546
14 years$27,399$23,714$20,460$17,603$15,107$7,919
15 years$25,308$21,663$18,473$15,699$13,302$6,592
16 years$23,481$19,875$16,748$14,057$11,756$5,502
17 years$21,870$18,304$15,240$12,630$10,424$4,602
18 years$20,440$16,914$13,912$11,382$9,268$3,857
19 years$19,162$15,676$12,736$10,285$8,261$3,237
20 years$18,013$14,567$11,688$9,315$7,379$2,720
21 years$16,975$13,568$10,751$8,454$6,603$2,289
22 years$16,032$12,666$9,909$7,686$5,919$1,927
23 years$15,173$11,846$9,149$7,000$5,313$1,624
24 years$14,387$11,099$8,461$6,384$4,776$1,369
25 years$13,664$10,416$7,837$5,831$4,297$1,155
26 years$12,998$9,789$7,268$5,331$3,871$975
27 years$12,383$9,213$6,749$4,880$3,490$823
28 years$11,813$8,681$6,274$4,471$3,149$695
29 years$11,282$8,190$5,839$4,100$2,843$587
30 years$10,789$7,734$5,439$3,763$2,569$496
31 years$10,327$7,311$5,070$3,456$2,323$419
32 years$9,896$6,918$4,731$3,176$2,101$355
33 years$9,492$6,551$4,417$2,921$1,902$300
34 years$9,112$6,209$4,127$2,687$1,722$253
35 years$8,754$5,889$3,858$2,474$1,559$214
36 years$8,418$5,590$3,610$2,278$1,413$181
37 years$8,100$5,309$3,378$2,099$1,281$153
38 years$7,800$5,046$3,164$1,935$1,161$130
39 years$7,515$4,798$2,964$1,784$1,053$110
40 years$7,246$4,565$2,778$1,645$955$93
41 years$6,990$4,345$2,605$1,518$866$78
42 years$6,748$4,138$2,444$1,401$786$66
43 years$6,517$3,943$2,293$1,293$713$56
44 years$6,297$3,758$2,152$1,194$648$47
45 years$6,088$3,584$2,021$1,103$588$40
46 years$5,888$3,419$1,898$1,019$534$34
47 years$5,698$3,263$1,783$941$485$29
48 years$5,515$3,115$1,676$870$440$24
49 years$5,341$2,974$1,575$804$400$21
50 years$5,175$2,841$1,481$743$363$17

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 $2,083 every year, while hoping to spend $47,440 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: 74/14/12 Blend
57$5,300,000$5,300,000$5,300,000$5,300,000
58$5,842,749$5,561,849$5,479,699$6,260,864
59$6,388,233$5,783,903$5,612,793$6,759,358
60$6,987,767$6,015,249$5,748,756$7,299,241
61$7,646,814$6,256,290$5,887,633$7,889,445
62$8,371,391$6,507,451$6,029,471$8,534,945
63$9,168,130$6,769,173$6,174,316$9,241,221
64$10,044,337$7,041,920$6,322,213$10,014,303
65$11,008,060$7,326,175$6,473,208$10,860,833
66$12,068,168$7,622,443$6,627,346$11,788,121
67$13,234,431$7,931,253$6,784,672$12,804,219
68$14,517,615$8,253,157$6,945,230$13,917,993
69$15,929,582$8,588,732$7,109,066$15,139,207
70$17,483,402$8,938,582$7,276,222$16,478,613
71$19,193,474$9,303,338$7,446,741$17,948,052
72$21,075,668$9,683,660$7,620,666$19,560,567
73$23,147,465$10,080,239$7,798,038$21,330,521
74$25,428,132$10,493,796$7,978,897$23,273,736
75$27,938,894$10,925,085$8,163,283$25,407,638
76$30,703,143$11,374,896$8,351,234$27,751,422
77$33,746,651$11,844,053$8,542,788$30,326,231
78$37,097,818$12,333,421$8,737,981$33,155,358
79$40,787,939$12,843,901$8,936,846$36,264,457
80$44,851,495$13,376,438$9,139,416$39,681,792
81$49,326,484$13,932,021$9,345,724$43,438,498
82$54,254,776$14,511,680$9,555,796$47,568,876
83$59,682,509$15,116,499$9,769,661$52,110,711
84$65,660,524$15,747,607$9,987,344$57,105,634
85$72,244,845$16,406,186$10,208,867$62,599,505
86$79,497,204$17,093,475$10,434,250$68,642,854
87$87,485,631$17,810,767$10,663,509$75,291,348
88$96,285,089$18,559,418$10,896,660$82,606,319
89$105,978,183$19,340,844$11,133,713$90,655,341
90$116,655,940$20,156,528$11,374,675$99,512,862
91$128,418,671$21,008,023$11,619,551$109,260,913
92$141,376,911$21,896,951$11,868,341$119,989,872
93$155,652,466$22,825,012$12,121,041$131,799,318
94$171,379,564$23,793,984$12,377,643$144,798,973
95$188,706,118$24,805,728$12,638,132$159,109,729
96$207,795,125$25,862,191$12,902,492$174,864,790
97$228,826,201$26,965,412$13,170,699$192,210,926
98$251,997,280$28,117,524$13,442,725$211,309,860
99$277,526,480$29,320,760$13,718,533$232,339,785
100$305,654,160$30,577,457$13,998,083$255,497,049