Can I retire at age 58 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$470,701$466,508$462,417$458,425$454,526$442,104
2 years$233,020$228,680$224,474$220,396$216,441$204,017
3 years$153,804$149,445$145,250$141,210$137,319$125,281
4 years$114,203$109,858$105,705$101,734$97,937$86,379
5 years$90,449$86,130$82,031$78,141$74,450$63,403
6 years$74,618$70,332$66,293$62,490$58,910$48,384
7 years$63,315$59,064$55,090$51,377$47,910$37,905
8 years$54,841$50,629$46,721$43,099$39,746$30,258
9 years$48,254$44,082$40,241$36,711$33,472$24,492
10 years$42,987$38,856$35,083$31,645$28,519$20,036
11 years$38,681$34,591$30,886$27,540$24,528$16,527
12 years$35,095$31,047$27,411$24,157$21,255$13,722
13 years$32,063$28,058$24,490$21,327$18,535$11,454
14 years$29,467$25,504$22,004$18,931$16,248$9,602
15 years$27,218$23,298$19,867$16,884$14,306$8,077
16 years$25,253$21,375$18,012$15,117$12,643$6,815
17 years$23,521$19,686$16,390$13,583$11,210$5,763
18 years$21,983$18,191$14,962$12,241$9,968$4,884
19 years$20,608$16,859$13,697$11,061$8,885$4,146
20 years$19,372$15,666$12,571$10,018$7,936$3,524
21 years$18,256$14,592$11,563$9,092$7,102$2,999
22 years$17,242$13,621$10,657$8,266$6,366$2,555
23 years$16,318$12,740$9,840$7,528$5,714$2,179
24 years$15,472$11,936$9,100$6,866$5,136$1,859
25 years$14,695$11,202$8,428$6,271$4,622$1,587
26 years$13,979$10,528$7,817$5,734$4,163$1,356
27 years$13,318$9,908$7,259$5,248$3,753$1,159
28 years$12,704$9,336$6,748$4,808$3,387$991
29 years$12,134$8,808$6,279$4,409$3,058$848
30 years$11,603$8,318$5,849$4,047$2,763$725
31 years$11,107$7,863$5,453$3,717$2,498$620
32 years$10,643$7,440$5,088$3,416$2,260$531
33 years$10,208$7,046$4,750$3,141$2,045$455
34 years$9,799$6,678$4,438$2,890$1,852$389
35 years$9,415$6,334$4,150$2,660$1,677$333
36 years$9,053$6,012$3,882$2,450$1,520$285
37 years$8,711$5,710$3,633$2,257$1,377$244
38 years$8,388$5,426$3,403$2,081$1,249$209
39 years$8,082$5,160$3,188$1,919$1,132$179
40 years$7,793$4,909$2,988$1,770$1,027$154
41 years$7,518$4,673$2,802$1,633$932$132
42 years$7,257$4,451$2,628$1,507$845$113
43 years$7,009$4,241$2,466$1,391$767$97
44 years$6,772$4,042$2,315$1,284$696$83
45 years$6,547$3,855$2,174$1,186$632$71
46 years$6,333$3,677$2,042$1,096$574$61
47 years$6,128$3,509$1,918$1,012$521$52
48 years$5,932$3,350$1,802$935$473$45
49 years$5,744$3,199$1,694$864$430$38
50 years$5,565$3,056$1,593$799$391$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $5,700,000, adding $2,346 every year, while hoping to spend $57,197 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: 42/38/20 Blend
57$5,700,000$5,700,000$5,700,000$5,700,000
58$6,283,820$5,981,720$5,893,370$6,510,831
59$6,863,912$6,213,967$6,029,941$6,904,441
60$7,501,257$6,455,677$6,169,169$7,324,690
61$8,201,634$6,707,254$6,311,085$7,778,605
62$8,971,409$6,969,118$6,455,715$8,269,306
63$9,817,598$7,241,710$6,603,087$8,800,221
64$10,747,928$7,525,488$6,753,225$9,375,116
65$11,770,912$7,820,933$6,906,154$9,998,128
66$12,895,932$8,128,546$7,061,897$10,673,802
67$14,133,323$8,448,850$7,220,476$11,407,136
68$15,494,470$8,782,392$7,381,910$12,203,622
69$16,991,920$9,129,743$7,546,218$13,069,298
70$18,639,496$9,491,501$7,713,416$14,010,804
71$20,452,428$9,868,288$7,883,520$15,035,441
72$22,447,498$10,260,756$8,056,540$16,151,238
73$24,643,197$10,669,587$8,232,487$17,367,026
74$27,059,897$11,095,491$8,411,370$18,692,522
75$29,720,048$11,539,211$8,593,192$20,138,413
76$32,648,386$12,001,526$8,777,957$21,716,459
77$35,872,166$12,483,245$8,965,664$23,439,597
78$39,421,422$12,985,219$9,156,308$25,322,065
79$43,329,246$13,508,334$9,349,884$27,379,534
80$47,632,104$14,053,517$9,546,379$29,629,248
81$52,370,176$14,621,737$9,745,781$32,090,189
82$57,587,739$15,214,007$9,948,069$34,783,248
83$63,333,581$15,831,386$10,153,223$37,731,425
84$69,661,464$16,474,982$10,361,213$40,960,039
85$76,630,628$17,145,951$10,572,009$44,496,964
86$84,306,354$17,845,504$10,785,572$48,372,889
87$92,760,574$18,574,906$11,001,862$52,621,603
88$102,072,557$19,335,481$11,220,828$57,280,313
89$112,329,650$20,128,611$11,442,418$62,389,988
90$123,628,105$20,955,744$11,666,570$67,995,740
91$136,073,989$21,818,393$11,893,218$74,147,252
92$149,784,182$22,718,140$12,122,286$80,899,236
93$164,887,479$23,656,640$12,353,694$88,311,946
94$181,525,811$24,635,624$12,587,351$96,451,746
95$199,855,576$25,656,902$12,823,159$105,391,724
96$220,049,122$26,722,367$13,061,012$115,212,385
97$242,296,370$27,834,001$13,300,794$126,002,395
98$266,806,609$28,993,876$13,542,380$137,859,423
99$293,810,466$30,204,159$13,785,632$150,891,050
100$323,562,088$31,467,117$14,030,406$165,215,778