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%11.6%
1 years$470,701$466,508$462,417$458,425$454,526$451,472
2 years$233,020$228,680$224,474$220,396$216,441$213,361
3 years$153,804$149,445$145,250$141,210$137,319$134,309
4 years$114,203$109,858$105,705$101,734$97,937$95,019
5 years$90,449$86,130$82,031$78,141$74,450$71,633
6 years$74,618$70,332$66,293$62,490$58,910$56,198
7 years$63,315$59,064$55,090$51,377$47,910$45,303
8 years$54,841$50,629$46,721$43,099$39,746$37,245
9 years$48,254$44,082$40,241$36,711$33,472$31,077
10 years$42,987$38,856$35,083$31,645$28,519$26,229
11 years$38,681$34,591$30,886$27,540$24,528$22,340
12 years$35,095$31,047$27,411$24,157$21,255$19,168
13 years$32,063$28,058$24,490$21,327$18,535$16,546
14 years$29,467$25,504$22,004$18,931$16,248$14,355
15 years$27,218$23,298$19,867$16,884$14,306$12,506
16 years$25,253$21,375$18,012$15,117$12,643$10,935
17 years$23,521$19,686$16,390$13,583$11,210$9,590
18 years$21,983$18,191$14,962$12,241$9,968$8,433
19 years$20,608$16,859$13,697$11,061$8,885$7,432
20 years$19,372$15,666$12,571$10,018$7,936$6,563
21 years$18,256$14,592$11,563$9,092$7,102$5,805
22 years$17,242$13,621$10,657$8,266$6,366$5,142
23 years$16,318$12,740$9,840$7,528$5,714$4,561
24 years$15,472$11,936$9,100$6,866$5,136$4,050
25 years$14,695$11,202$8,428$6,271$4,622$3,600
26 years$13,979$10,528$7,817$5,734$4,163$3,203
27 years$13,318$9,908$7,259$5,248$3,753$2,852
28 years$12,704$9,336$6,748$4,808$3,387$2,541
29 years$12,134$8,808$6,279$4,409$3,058$2,266
30 years$11,603$8,318$5,849$4,047$2,763$2,021
31 years$11,107$7,863$5,453$3,717$2,498$1,804
32 years$10,643$7,440$5,088$3,416$2,260$1,611
33 years$10,208$7,046$4,750$3,141$2,045$1,439
34 years$9,799$6,678$4,438$2,890$1,852$1,285
35 years$9,415$6,334$4,150$2,660$1,677$1,149
36 years$9,053$6,012$3,882$2,450$1,520$1,027
37 years$8,711$5,710$3,633$2,257$1,377$918
38 years$8,388$5,426$3,403$2,081$1,249$822
39 years$8,082$5,160$3,188$1,919$1,132$735
40 years$7,793$4,909$2,988$1,770$1,027$658
41 years$7,518$4,673$2,802$1,633$932$588
42 years$7,257$4,451$2,628$1,507$845$527
43 years$7,009$4,241$2,466$1,391$767$471
44 years$6,772$4,042$2,315$1,284$696$422
45 years$6,547$3,855$2,174$1,186$632$378
46 years$6,333$3,677$2,042$1,096$574$338
47 years$6,128$3,509$1,918$1,012$521$303
48 years$5,932$3,350$1,802$935$473$271
49 years$5,744$3,199$1,694$864$430$243
50 years$5,565$3,056$1,593$799$391$218

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 $4,232 every year, while hoping to spend $38,772 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: 73/16/11 Blend
57$5,700,000$5,700,000$5,700,000$5,700,000
58$6,285,765$5,983,665$5,895,315$6,730,779
59$6,885,660$6,235,612$6,051,555$7,277,342
60$7,545,445$6,498,604$6,211,730$7,870,574
61$8,271,187$6,773,143$6,375,930$8,519,265
62$9,069,573$7,059,751$6,544,248$9,228,893
63$9,947,968$7,358,977$6,716,778$10,005,485
64$10,914,487$7,671,394$6,893,617$10,855,678
65$11,978,075$7,997,602$7,074,863$11,786,778
66$13,148,583$8,338,229$7,260,616$12,806,828
67$14,436,868$8,693,932$7,450,976$13,924,683
68$15,854,893$9,065,399$7,646,048$15,150,094
69$17,415,839$9,453,350$7,845,937$16,493,798
70$19,134,229$9,858,539$8,050,751$17,967,618
71$21,026,067$10,281,754$8,260,598$19,584,572
72$23,108,987$10,723,822$8,475,589$21,358,998
73$25,402,421$11,185,606$8,695,838$23,306,685
74$27,927,778$11,668,011$8,921,459$25,445,024
75$30,708,653$12,171,985$9,152,570$27,793,165
76$33,771,042$12,698,519$9,389,288$30,372,203
77$37,143,594$13,248,652$9,631,734$33,205,372
78$40,857,875$13,823,470$9,880,032$36,318,263
79$44,948,670$14,424,112$10,134,305$39,739,064
80$49,454,310$15,051,769$10,394,680$43,498,826
81$54,417,033$15,707,689$10,661,284$47,631,751
82$59,883,383$16,393,178$10,934,250$52,175,516
83$65,904,648$17,109,604$11,213,707$57,171,626
84$72,537,347$17,858,400$11,499,791$62,665,804
85$79,843,760$18,641,065$11,792,638$68,708,418
86$87,892,516$19,459,169$12,092,384$75,354,958
87$96,759,243$20,314,359$12,399,169$82,666,555
88$106,527,280$21,208,357$12,713,135$90,710,558
89$117,288,462$22,142,966$13,034,425$99,561,164
90$129,143,989$23,120,076$13,363,183$109,300,118
91$142,205,382$24,141,665$13,699,555$120,017,482
92$156,595,531$25,209,807$14,043,690$131,812,483
93$172,449,859$26,326,672$14,395,738$144,794,444
94$189,917,599$27,494,532$14,755,849$159,083,815
95$209,163,200$28,715,771$15,124,176$174,813,309
96$230,367,884$29,992,881$15,500,874$192,129,145
97$253,731,352$31,328,476$15,886,096$211,192,432
98$279,473,671$32,725,292$16,280,002$232,180,684
99$307,837,350$34,186,196$16,682,747$255,289,488
100$339,089,632$35,714,192$17,094,491$280,734,353