Can I retire at age 58 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$445,927$441,955$438,080$434,297$430,604$419,343
2 years$220,756$216,645$212,660$208,797$205,049$193,782
3 years$145,709$141,580$137,605$133,778$130,092$119,169
4 years$108,192$104,076$100,141$96,380$92,783$82,289
5 years$85,689$81,597$77,714$74,029$70,532$60,496
6 years$70,691$66,630$62,804$59,201$55,809$46,242
7 years$59,983$55,956$52,191$48,673$45,388$36,289
8 years$51,955$47,964$44,262$40,830$37,654$29,018
9 years$45,714$41,762$38,123$34,778$31,710$23,531
10 years$40,725$36,811$33,236$29,979$27,018$19,286
11 years$36,645$32,771$29,261$26,091$23,237$15,939
12 years$33,248$29,413$25,968$22,885$20,136$13,260
13 years$30,376$26,581$23,201$20,204$17,559$11,091
14 years$27,916$24,161$20,846$17,935$15,392$9,316
15 years$25,786$22,072$18,821$15,995$13,553$7,854
16 years$23,924$20,250$17,064$14,322$11,978$6,640
17 years$22,283$18,650$15,528$12,868$10,620$5,628
18 years$20,826$17,233$14,175$11,597$9,443$4,780
19 years$19,523$15,972$12,976$10,479$8,417$4,067
20 years$18,353$14,842$11,909$9,490$7,518$3,465
21 years$17,295$13,824$10,954$8,613$6,728$2,956
22 years$16,335$12,905$10,096$7,831$6,031$2,524
23 years$15,459$12,069$9,322$7,132$5,413$2,157
24 years$14,658$11,308$8,621$6,505$4,866$1,845
25 years$13,922$10,612$7,985$5,941$4,378$1,579
26 years$13,244$9,974$7,405$5,432$3,944$1,352
27 years$12,617$9,386$6,877$4,972$3,556$1,159
28 years$12,035$8,845$6,393$4,555$3,208$993
29 years$11,495$8,344$5,949$4,177$2,897$851
30 years$10,992$7,880$5,541$3,834$2,618$730
31 years$10,522$7,449$5,166$3,521$2,367$626
32 years$10,083$7,049$4,820$3,236$2,141$537
33 years$9,671$6,675$4,500$2,976$1,937$461
34 years$9,284$6,326$4,205$2,738$1,754$396
35 years$8,920$6,001$3,931$2,520$1,589$340
36 years$8,576$5,695$3,678$2,321$1,440$292
37 years$8,253$5,409$3,442$2,139$1,305$250
38 years$7,947$5,141$3,223$1,971$1,183$215
39 years$7,657$4,888$3,020$1,818$1,073$185
40 years$7,383$4,651$2,831$1,676$973$159
41 years$7,122$4,427$2,654$1,547$883$136
42 years$6,875$4,216$2,490$1,427$801$117
43 years$6,640$4,017$2,336$1,318$727$100
44 years$6,416$3,829$2,193$1,217$660$86
45 years$6,203$3,652$2,059$1,124$599$74
46 years$5,999$3,484$1,934$1,038$544$64
47 years$5,805$3,324$1,817$959$494$55
48 years$5,619$3,174$1,707$886$448$47
49 years$5,442$3,031$1,605$819$407$40
50 years$5,272$2,895$1,509$757$370$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $5,400,000, adding $5,496 every year, while hoping to spend $21,086 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: 56/38/6 Blend
57$5,400,000$5,400,000$5,400,000$5,400,000
58$5,956,469$5,670,269$5,586,569$6,282,121
59$6,541,594$5,925,677$5,751,284$6,757,423
60$7,185,694$6,192,893$5,920,810$7,271,995
61$7,894,764$6,472,474$6,095,286$7,831,899
62$8,675,407$6,765,002$6,274,855$8,441,450
63$9,534,900$7,071,089$6,459,664$9,105,393
64$10,481,261$7,391,373$6,649,864$9,828,940
65$11,523,326$7,726,527$6,845,611$10,617,820
66$12,670,830$8,077,251$7,047,064$11,478,332
67$13,934,501$8,444,283$7,254,387$12,417,400
68$15,326,161$8,828,394$7,467,750$13,442,636
69$16,858,836$9,230,392$7,687,326$14,562,414
70$18,546,881$9,651,125$7,913,295$15,785,939
71$20,406,112$10,091,479$8,145,839$17,123,339
72$22,453,959$10,552,385$8,385,149$18,585,753
73$24,709,629$11,034,818$8,631,417$20,185,432
74$27,194,286$11,539,799$8,884,845$21,935,859
75$29,931,253$12,068,399$9,145,637$23,851,866
76$32,946,230$12,621,740$9,414,005$25,949,773
77$36,267,537$13,200,997$9,690,165$28,247,539
78$39,926,382$13,807,402$9,974,343$30,764,929
79$43,957,156$14,442,247$10,266,766$33,523,694
80$48,397,754$15,106,886$10,567,671$36,547,776
81$53,289,938$15,802,736$10,877,301$39,863,526
82$58,679,726$16,531,285$11,195,905$43,499,952
83$64,617,831$17,294,091$11,523,740$47,488,985
84$71,160,135$18,092,786$11,861,071$51,865,781
85$78,368,219$18,929,083$12,208,167$56,669,042
86$86,309,945$19,804,776$12,565,308$61,941,378
87$95,060,094$20,721,744$12,932,781$67,729,706
88$104,701,074$21,681,961$13,310,880$74,085,686
89$115,323,697$22,687,490$13,699,907$81,066,201
90$127,028,036$23,740,499$14,100,176$88,733,893
91$139,924,369$24,843,256$14,512,005$97,157,741
92$154,134,221$25,998,142$14,935,724$106,413,708
93$169,791,511$27,207,651$15,371,670$116,585,456
94$187,043,817$28,474,397$15,820,192$127,765,119
95$206,053,765$29,801,122$16,281,648$140,054,175
96$227,000,569$31,190,697$16,756,403$153,564,387
97$250,081,721$32,646,135$17,244,837$168,418,855
98$275,514,854$34,170,593$17,747,336$184,753,168
99$303,539,798$35,767,381$18,264,300$202,716,674
100$334,420,842$37,439,967$18,796,140$222,473,880