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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$470,701$466,508$462,417$458,425$454,526$438,399
2 years$233,020$228,680$224,474$220,396$216,441$200,365
3 years$153,804$149,445$145,250$141,210$137,319$121,800
4 years$114,203$109,858$105,705$101,734$97,937$83,093
5 years$90,449$86,130$82,031$78,141$74,450$60,320
6 years$74,618$70,332$66,293$62,490$58,910$45,504
7 years$63,315$59,064$55,090$51,377$47,910$35,225
8 years$54,841$50,629$46,721$43,099$39,746$27,773
9 years$48,254$44,082$40,241$36,711$33,472$22,194
10 years$42,987$38,856$35,083$31,645$28,519$17,918
11 years$38,681$34,591$30,886$27,540$24,528$14,581
12 years$35,095$31,047$27,411$24,157$21,255$11,939
13 years$32,063$28,058$24,490$21,327$18,535$9,825
14 years$29,467$25,504$22,004$18,931$16,248$8,117
15 years$27,218$23,298$19,867$16,884$14,306$6,728
16 years$25,253$21,375$18,012$15,117$12,643$5,591
17 years$23,521$19,686$16,390$13,583$11,210$4,656
18 years$21,983$18,191$14,962$12,241$9,968$3,884
19 years$20,608$16,859$13,697$11,061$8,885$3,246
20 years$19,372$15,666$12,571$10,018$7,936$2,715
21 years$18,256$14,592$11,563$9,092$7,102$2,274
22 years$17,242$13,621$10,657$8,266$6,366$1,905
23 years$16,318$12,740$9,840$7,528$5,714$1,598
24 years$15,472$11,936$9,100$6,866$5,136$1,341
25 years$14,695$11,202$8,428$6,271$4,622$1,126
26 years$13,979$10,528$7,817$5,734$4,163$946
27 years$13,318$9,908$7,259$5,248$3,753$795
28 years$12,704$9,336$6,748$4,808$3,387$668
29 years$12,134$8,808$6,279$4,409$3,058$561
30 years$11,603$8,318$5,849$4,047$2,763$472
31 years$11,107$7,863$5,453$3,717$2,498$397
32 years$10,643$7,440$5,088$3,416$2,260$334
33 years$10,208$7,046$4,750$3,141$2,045$281
34 years$9,799$6,678$4,438$2,890$1,852$236
35 years$9,415$6,334$4,150$2,660$1,677$199
36 years$9,053$6,012$3,882$2,450$1,520$167
37 years$8,711$5,710$3,633$2,257$1,377$141
38 years$8,388$5,426$3,403$2,081$1,249$118
39 years$8,082$5,160$3,188$1,919$1,132$100
40 years$7,793$4,909$2,988$1,770$1,027$84
41 years$7,518$4,673$2,802$1,633$932$71
42 years$7,257$4,451$2,628$1,507$845$59
43 years$7,009$4,241$2,466$1,391$767$50
44 years$6,772$4,042$2,315$1,284$696$42
45 years$6,547$3,855$2,174$1,186$632$35
46 years$6,333$3,677$2,042$1,096$574$30
47 years$6,128$3,509$1,918$1,012$521$25
48 years$5,932$3,350$1,802$935$473$21
49 years$5,744$3,199$1,694$864$430$18
50 years$5,565$3,056$1,593$799$391$15

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 $2,209 every year, while hoping to spend $50,785 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: 74/18/8 Blend
57$5,700,000$5,700,000$5,700,000$5,700,000
58$6,283,679$5,981,579$5,893,229$6,740,710
59$6,870,579$6,220,641$6,036,617$7,281,209
60$7,515,641$6,469,716$6,183,107$7,866,534
61$8,224,744$6,729,239$6,332,748$8,506,321
62$9,004,364$6,999,668$6,485,591$9,205,943
63$9,861,637$7,281,480$6,641,687$9,971,312
64$10,804,426$7,575,174$6,801,085$10,808,939
65$11,841,391$7,881,271$6,963,835$11,725,990
66$12,982,076$8,200,317$7,129,987$12,730,354
67$14,236,997$8,532,881$7,299,590$13,830,718
68$15,617,738$8,879,560$7,472,694$15,036,647
69$17,137,064$9,240,975$7,649,346$16,358,671
70$18,809,041$9,617,779$7,829,595$17,808,388
71$20,649,165$10,010,652$8,013,489$19,398,567
72$22,674,513$10,420,307$8,201,073$21,143,272
73$24,903,898$10,847,487$8,392,395$23,057,992
74$27,358,053$11,292,972$8,587,497$25,159,782
75$30,059,822$11,757,575$8,786,426$27,467,430
76$33,034,375$12,242,147$8,989,223$30,001,626
77$36,309,449$12,747,580$9,195,929$32,785,161
78$39,915,606$13,274,805$9,406,586$35,843,136
79$43,886,523$13,824,795$9,621,232$39,203,202
80$48,259,308$14,398,570$9,839,903$42,895,817
81$53,074,853$14,997,195$10,062,635$46,954,529
82$58,378,216$15,621,786$10,289,461$51,416,297
83$64,219,048$16,273,507$10,520,412$56,321,834
84$70,652,062$16,953,580$10,755,517$61,715,990
85$77,737,548$17,663,281$10,994,802$67,648,173
86$85,541,941$18,403,945$11,238,291$74,172,815
87$94,138,449$19,176,969$11,486,004$81,349,881
88$103,607,746$19,983,815$11,737,960$89,245,436
89$114,038,726$20,826,012$11,994,172$97,932,263
90$125,529,351$21,705,161$12,254,652$107,490,551
91$138,187,567$22,622,937$12,519,405$118,008,645
92$152,132,330$23,581,092$12,788,436$129,583,881
93$167,494,722$24,581,460$13,061,743$142,323,503
94$184,419,192$25,625,960$13,339,320$156,345,668
95$203,064,919$26,716,600$13,621,156$171,780,560
96$223,607,310$27,855,484$13,907,235$188,771,619
97$246,239,664$29,044,811$14,197,535$207,476,888
98$271,174,987$30,286,883$14,492,029$228,070,503
99$298,648,007$31,584,112$14,790,684$250,744,333
100$328,917,390$32,939,020$15,093,458$275,709,788