Can I retire at age 58 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$478,959$474,692$470,530$466,467$462,500$447,158
2 years$237,108$232,692$228,413$224,263$220,238$204,931
3 years$156,502$152,067$147,798$143,688$139,728$124,935
4 years$116,207$111,785$107,559$103,519$99,655$85,490
5 years$92,036$87,641$83,470$79,512$75,756$62,257
6 years$75,927$71,566$67,456$63,587$59,943$47,120
7 years$64,426$60,101$56,057$52,278$48,750$36,602
8 years$55,803$51,517$47,540$43,855$40,443$28,961
9 years$49,101$44,855$40,947$37,355$34,059$23,229
10 years$43,742$39,538$35,698$32,200$29,020$18,825
11 years$39,360$35,198$31,428$28,024$24,958$15,378
12 years$35,711$31,592$27,892$24,580$21,628$12,643
13 years$32,626$28,550$24,919$21,701$18,860$10,446
14 years$29,984$25,951$22,390$19,264$16,533$8,666
15 years$27,696$23,707$20,215$17,180$14,557$7,214
16 years$25,696$21,750$18,328$15,383$12,865$6,021
17 years$23,933$20,031$16,678$13,821$11,407$5,036
18 years$22,368$18,510$15,225$12,456$10,143$4,221
19 years$20,970$17,155$13,938$11,255$9,040$3,542
20 years$19,712$15,941$12,791$10,193$8,075$2,977
21 years$18,576$14,848$11,765$9,251$7,226$2,505
22 years$17,545$13,860$10,844$8,411$6,477$2,109
23 years$16,605$12,963$10,012$7,660$5,814$1,777
24 years$15,744$12,146$9,260$6,987$5,226$1,498
25 years$14,953$11,398$8,576$6,381$4,703$1,264
26 years$14,225$10,713$7,954$5,834$4,236$1,067
27 years$13,551$10,082$7,386$5,340$3,819$901
28 years$12,927$9,500$6,866$4,893$3,446$761
29 years$12,347$8,962$6,390$4,487$3,112$643
30 years$11,806$8,464$5,952$4,118$2,812$543
31 years$11,302$8,001$5,549$3,782$2,542$459
32 years$10,830$7,571$5,177$3,476$2,299$388
33 years$10,387$7,170$4,834$3,196$2,081$328
34 years$9,971$6,795$4,516$2,941$1,884$277
35 years$9,580$6,445$4,222$2,707$1,706$235
36 years$9,212$6,117$3,950$2,493$1,546$198
37 years$8,864$5,810$3,697$2,297$1,401$168
38 years$8,535$5,522$3,462$2,117$1,270$142
39 years$8,224$5,250$3,244$1,952$1,152$120
40 years$7,930$4,995$3,040$1,801$1,045$101
41 years$7,650$4,755$2,851$1,661$948$86
42 years$7,384$4,529$2,674$1,533$860$73
43 years$7,132$4,315$2,509$1,415$781$61
44 years$6,891$4,113$2,355$1,307$709$52
45 years$6,662$3,922$2,212$1,207$643$44
46 years$6,444$3,742$2,077$1,115$584$37
47 years$6,235$3,571$1,952$1,030$530$31
48 years$6,036$3,409$1,834$952$482$27
49 years$5,845$3,255$1,724$880$437$23
50 years$5,663$3,109$1,621$813$397$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $5,800,000, adding $2,885 every year, while hoping to spend $37,020 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: 25/50/25 Blend
57$5,800,000$5,800,000$5,800,000$5,800,000
58$6,394,576$6,087,176$5,997,276$6,503,802
59$7,007,434$6,346,059$6,158,796$6,852,634
60$7,681,562$6,616,386$6,324,486$7,223,025
61$8,423,172$6,898,679$6,494,446$7,619,390
62$9,239,106$7,193,484$6,668,780$8,043,926
63$10,136,903$7,501,374$6,847,593$8,499,037
64$11,124,871$7,822,945$7,030,991$8,987,354
65$12,212,163$8,158,824$7,219,085$9,511,755
66$13,408,864$8,509,667$7,411,984$10,075,391
67$14,726,087$8,876,160$7,609,805$10,681,713
68$16,176,077$9,259,020$7,812,662$11,334,501
69$17,772,325$9,659,001$8,020,675$12,037,899
70$19,529,699$10,076,888$8,233,964$12,796,445
71$21,464,579$10,513,507$8,452,653$13,615,117
72$23,595,018$10,969,720$8,676,868$14,499,373
73$25,940,904$11,446,431$8,906,738$15,455,200
74$28,524,155$11,944,585$9,142,392$16,489,167
75$31,368,922$12,465,173$9,383,966$17,608,480
76$34,501,817$13,009,232$9,631,594$18,821,051
77$37,952,166$13,577,847$9,885,415$20,135,565
78$41,752,281$14,172,157$10,145,571$21,561,557
79$45,937,772$14,793,350$10,412,206$23,109,498
80$50,547,876$15,442,676$10,685,466$24,790,891
81$55,625,830$16,121,438$10,965,500$26,618,371
82$61,219,282$16,831,005$11,252,461$28,605,821
83$67,380,733$17,572,808$11,546,503$30,768,498
84$74,168,040$18,348,349$11,847,783$33,123,167
85$81,644,958$19,159,196$12,156,462$35,688,260
86$89,881,744$20,006,996$12,472,703$38,484,037
87$98,955,814$20,893,472$12,796,672$41,532,772
88$108,952,483$21,820,428$13,128,536$44,858,961
89$119,965,763$22,789,755$13,468,469$48,489,540
90$132,099,251$23,803,433$13,816,642$52,454,133
91$145,467,109$24,863,536$14,173,235$56,785,326
92$160,195,142$25,972,237$14,538,426$61,518,965
93$176,421,981$27,131,812$14,912,398$66,694,482
94$194,300,397$28,344,644$15,295,337$72,355,266
95$213,998,737$29,613,231$15,687,430$78,549,054
96$235,702,518$30,940,189$16,088,869$85,328,378
97$259,616,176$32,328,260$16,499,847$92,751,049
98$285,964,995$33,780,314$16,920,561$100,880,688
99$314,997,235$35,299,360$17,351,211$109,787,322
100$346,986,474$36,888,549$17,791,997$119,548,025