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%15.3%
1 years$437,669$433,771$429,967$426,254$422,629$413,421
2 years$216,668$212,633$208,722$204,930$201,252$192,021
3 years$143,010$138,958$135,057$131,301$127,683$118,717
4 years$106,189$102,149$98,287$94,595$91,064$82,433
5 years$84,102$80,086$76,275$72,658$69,226$60,954
6 years$69,382$65,396$61,641$58,105$54,776$46,872
7 years$58,872$54,920$51,224$47,771$44,547$37,012
8 years$50,993$47,076$43,442$40,074$36,956$29,788
9 years$44,868$40,988$37,417$34,134$31,123$24,316
10 years$39,971$36,129$32,621$29,424$26,518$20,066
11 years$35,967$32,164$28,719$25,608$22,806$16,700
12 years$32,632$28,868$25,487$22,461$19,764$13,994
13 years$29,813$26,089$22,771$19,830$17,234$11,791
14 years$27,399$23,714$20,460$17,603$15,107$9,979
15 years$25,308$21,663$18,473$15,699$13,302$8,477
16 years$23,481$19,875$16,748$14,057$11,756$7,224
17 years$21,870$18,304$15,240$12,630$10,424$6,172
18 years$20,440$16,914$13,912$11,382$9,268$5,284
19 years$19,162$15,676$12,736$10,285$8,261$4,533
20 years$18,013$14,567$11,688$9,315$7,379$3,894
21 years$16,975$13,568$10,751$8,454$6,603$3,350
22 years$16,032$12,666$9,909$7,686$5,919$2,885
23 years$15,173$11,846$9,149$7,000$5,313$2,487
24 years$14,387$11,099$8,461$6,384$4,776$2,146
25 years$13,664$10,416$7,837$5,831$4,297$1,853
26 years$12,998$9,789$7,268$5,331$3,871$1,601
27 years$12,383$9,213$6,749$4,880$3,490$1,384
28 years$11,813$8,681$6,274$4,471$3,149$1,197
29 years$11,282$8,190$5,839$4,100$2,843$1,035
30 years$10,789$7,734$5,439$3,763$2,569$896
31 years$10,327$7,311$5,070$3,456$2,323$776
32 years$9,896$6,918$4,731$3,176$2,101$672
33 years$9,492$6,551$4,417$2,921$1,902$582
34 years$9,112$6,209$4,127$2,687$1,722$504
35 years$8,754$5,889$3,858$2,474$1,559$437
36 years$8,418$5,590$3,610$2,278$1,413$378
37 years$8,100$5,309$3,378$2,099$1,281$328
38 years$7,800$5,046$3,164$1,935$1,161$284
39 years$7,515$4,798$2,964$1,784$1,053$246
40 years$7,246$4,565$2,778$1,645$955$213
41 years$6,990$4,345$2,605$1,518$866$185
42 years$6,748$4,138$2,444$1,401$786$160
43 years$6,517$3,943$2,293$1,293$713$139
44 years$6,297$3,758$2,152$1,194$648$121
45 years$6,088$3,584$2,021$1,103$588$105
46 years$5,888$3,419$1,898$1,019$534$91
47 years$5,698$3,263$1,783$941$485$79
48 years$5,515$3,115$1,676$870$440$68
49 years$5,341$2,974$1,575$804$400$59
50 years$5,175$2,841$1,481$743$363$51

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 $2,454 every year, while hoping to spend $50,259 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: 66/16/18 Blend
57$5,300,000$5,300,000$5,300,000$5,300,000
58$5,843,131$5,562,231$5,480,081$6,202,645
59$6,385,656$5,781,305$5,610,189$6,662,754
60$6,981,833$6,009,430$5,742,971$7,159,492
61$7,637,082$6,246,995$5,878,463$7,701,288
62$8,357,375$6,494,408$6,016,702$8,292,560
63$9,149,290$6,752,096$6,157,723$8,938,169
64$10,020,072$7,020,503$6,301,562$9,643,470
65$10,977,707$7,300,096$6,448,252$10,414,352
66$12,030,992$7,591,359$6,597,827$11,257,303
67$13,189,619$7,894,802$6,750,321$12,179,464
68$14,464,268$8,210,954$6,905,763$13,188,697
69$15,866,703$8,540,372$7,064,187$14,293,658
70$17,409,891$8,883,633$7,225,621$15,503,880
71$19,108,113$9,241,345$7,390,093$16,829,859
72$20,977,111$9,614,141$7,557,631$18,283,154
73$23,034,226$10,002,683$7,728,261$19,876,494
74$25,298,565$10,407,664$7,902,006$21,623,898
75$27,791,186$10,829,806$8,078,890$23,540,807
76$30,535,286$11,269,866$8,258,933$25,644,224
77$33,556,431$11,728,635$8,442,153$27,952,879
78$36,882,789$12,206,940$8,628,567$30,487,402
79$40,545,399$12,705,646$8,818,190$33,270,516
80$44,578,463$13,225,656$9,011,032$36,327,252
81$49,019,669$13,767,916$9,207,104$39,685,180
82$53,910,545$14,333,413$9,406,412$43,374,673
83$59,296,853$14,923,183$9,608,959$47,429,188
84$65,229,019$15,538,305$9,814,746$51,885,583
85$71,762,607$16,179,911$10,023,769$56,784,462
86$78,958,849$16,849,183$10,236,021$62,170,555
87$86,885,216$17,547,357$10,451,492$68,093,142
88$95,616,059$18,275,728$10,670,167$74,606,514
89$105,233,306$19,035,648$10,892,027$81,770,484
90$115,827,242$19,828,533$11,117,049$89,650,950
91$127,497,353$20,655,864$11,345,202$98,320,516
92$140,353,272$21,519,190$11,576,455$107,859,172
93$154,515,806$22,420,131$11,810,767$118,355,050
94$170,118,084$23,360,383$12,048,093$129,905,253
95$187,306,806$24,341,719$12,288,382$142,616,768
96$206,243,634$25,365,997$12,531,577$156,607,476
97$227,106,711$26,435,157$12,777,611$172,007,258
98$250,092,349$27,551,233$13,026,414$188,959,223
99$275,416,875$28,716,350$13,277,905$207,621,054
100$303,318,678$29,932,733$13,531,997$228,166,493