Can I retire at age 58 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$454,185$450,139$446,192$442,340$438,578$434,903
2 years$224,844$220,656$216,598$212,663$208,847$205,143
3 years$148,407$144,201$140,153$136,255$132,501$128,883
4 years$110,196$106,003$101,996$98,164$94,501$90,997
5 years$87,275$83,108$79,153$75,400$71,838$68,458
6 years$72,000$67,864$63,967$60,298$56,843$53,591
7 years$61,093$56,992$53,157$49,574$46,229$43,107
8 years$52,917$48,853$45,081$41,586$38,351$35,359
9 years$46,561$42,535$38,829$35,422$32,297$29,434
10 years$41,479$37,493$33,852$30,534$27,519$24,783
11 years$37,324$33,377$29,802$26,574$23,667$21,056
12 years$33,864$29,958$26,449$23,309$20,509$18,021
13 years$30,938$27,073$23,630$20,578$17,885$15,516
14 years$28,433$24,609$21,232$18,267$15,677$13,426
15 years$26,263$22,480$19,170$16,291$13,804$11,666
16 years$24,367$20,625$17,380$14,587$12,200$10,172
17 years$22,696$18,995$15,815$13,106$10,817$8,897
18 years$21,211$17,552$14,437$11,811$9,618$7,801
19 years$19,885$16,267$13,217$10,673$8,573$6,855
20 years$18,693$15,116$12,130$9,666$7,657$6,036
21 years$17,615$14,080$11,157$8,773$6,853$5,323
22 years$16,637$13,144$10,283$7,976$6,142$4,702
23 years$15,746$12,293$9,494$7,264$5,514$4,158
24 years$14,930$11,518$8,781$6,625$4,956$3,681
25 years$14,180$10,809$8,133$6,051$4,459$3,262
26 years$13,489$10,158$7,543$5,532$4,017$2,893
27 years$12,850$9,560$7,004$5,064$3,622$2,568
28 years$12,258$9,009$6,511$4,640$3,268$2,281
29 years$11,708$8,499$6,059$4,255$2,951$2,027
30 years$11,196$8,026$5,644$3,905$2,666$1,802
31 years$10,717$7,587$5,262$3,586$2,411$1,603
32 years$10,269$7,179$4,909$3,296$2,180$1,427
33 years$9,850$6,799$4,584$3,031$1,973$1,270
34 years$9,456$6,444$4,283$2,789$1,787$1,131
35 years$9,085$6,112$4,004$2,567$1,618$1,008
36 years$8,735$5,801$3,746$2,364$1,466$898
37 years$8,405$5,510$3,506$2,178$1,329$800
38 years$8,094$5,236$3,283$2,008$1,205$713
39 years$7,799$4,979$3,076$1,851$1,092$636
40 years$7,519$4,737$2,883$1,708$991$567
41 years$7,254$4,509$2,703$1,575$899$506
42 years$7,002$4,294$2,536$1,454$816$451
43 years$6,763$4,092$2,380$1,342$740$402
44 years$6,535$3,900$2,234$1,239$672$359
45 years$6,318$3,719$2,097$1,144$610$320
46 years$6,110$3,548$1,970$1,057$554$286
47 years$5,913$3,386$1,851$977$503$255
48 years$5,724$3,232$1,739$902$457$228
49 years$5,543$3,087$1,635$834$415$203
50 years$5,370$2,949$1,537$771$377$181

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $5,500,000, adding $4,324 every year, while hoping to spend $32,381 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: 66/25/9 Blend
57$5,500,000$5,500,000$5,500,000$5,500,000
58$6,065,460$5,773,960$5,688,710$6,454,519
59$6,649,684$6,022,431$5,844,829$6,962,333
60$7,292,413$6,281,992$6,005,092$7,512,869
61$7,999,582$6,553,152$6,169,605$8,113,713
62$8,777,726$6,836,443$6,338,474$8,769,769
63$9,634,051$7,132,425$6,511,809$9,486,433
64$10,576,492$7,441,682$6,689,723$10,269,642
65$11,613,794$7,764,825$6,872,329$11,125,927
66$12,755,594$8,102,494$7,059,745$12,062,475
67$14,012,510$8,455,361$7,252,091$13,087,197
68$15,396,240$8,824,128$7,449,490$14,208,796
69$16,919,675$9,209,529$7,652,067$15,436,854
70$18,597,021$9,612,335$7,859,950$16,781,916
71$20,443,930$10,033,353$8,073,272$18,255,590
72$22,477,649$10,473,425$8,292,164$19,870,653
73$24,717,183$10,933,437$8,516,766$21,641,175
74$27,183,475$11,414,314$8,747,216$23,582,641
75$29,899,599$11,917,025$8,983,658$25,712,105
76$32,890,986$12,442,588$9,226,238$28,048,340
77$36,185,656$12,992,063$9,475,107$30,612,020
78$39,814,485$13,566,567$9,730,415$33,425,907
79$43,811,499$14,167,265$9,992,320$36,515,071
80$48,214,190$14,795,379$10,260,981$39,907,115
81$53,063,874$15,452,189$10,536,560$43,632,441
82$58,406,078$16,139,036$10,819,224$47,724,528
83$64,290,973$16,857,323$11,109,143$52,220,250
84$70,773,842$17,608,522$11,406,489$57,160,219
85$77,915,608$18,394,173$11,711,440$62,589,164
86$85,783,403$19,215,890$12,024,176$68,556,354
87$94,451,205$20,075,364$12,344,882$75,116,054
88$104,000,537$20,974,366$12,673,744$82,328,041
89$114,521,233$21,914,752$13,010,956$90,258,156
90$126,112,289$22,898,464$13,356,713$98,978,928
91$138,882,793$23,927,540$13,711,214$108,570,255
92$152,952,961$25,004,113$14,074,663$119,120,149
93$168,455,267$26,130,417$14,447,267$130,725,566
94$185,535,692$27,308,796$14,829,238$143,493,317
95$204,355,107$28,541,701$15,220,792$157,541,069
96$225,090,787$29,831,704$15,622,149$172,998,454
97$247,938,088$31,181,499$16,033,531$190,008,284
98$273,112,288$32,593,906$16,455,169$208,727,896
99$300,850,617$34,071,884$16,887,293$229,330,632
100$331,414,504$35,618,530$17,330,142$252,007,468