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%16.2%
1 years$478,959$474,692$470,530$466,467$462,500$450,771
2 years$237,108$232,692$228,413$224,263$220,238$208,497
3 years$156,502$152,067$147,798$143,688$139,728$128,343
4 years$116,207$111,785$107,559$103,519$99,655$88,713
5 years$92,036$87,641$83,470$79,512$75,756$65,288
6 years$75,927$71,566$67,456$63,587$59,943$49,959
7 years$64,426$60,101$56,057$52,278$48,750$39,250
8 years$55,803$51,517$47,540$43,855$40,443$31,423
9 years$49,101$44,855$40,947$37,355$34,059$25,512
10 years$43,742$39,538$35,698$32,200$29,020$20,935
11 years$39,360$35,198$31,428$28,024$24,958$17,324
12 years$35,711$31,592$27,892$24,580$21,628$14,432
13 years$32,626$28,550$24,919$21,701$18,860$12,087
14 years$29,984$25,951$22,390$19,264$16,533$10,167
15 years$27,696$23,707$20,215$17,180$14,557$8,583
16 years$25,696$21,750$18,328$15,383$12,865$7,267
17 years$23,933$20,031$16,678$13,821$11,407$6,169
18 years$22,368$18,510$15,225$12,456$10,143$5,247
19 years$20,970$17,155$13,938$11,255$9,040$4,471
20 years$19,712$15,941$12,791$10,193$8,075$3,815
21 years$18,576$14,848$11,765$9,251$7,226$3,259
22 years$17,545$13,860$10,844$8,411$6,477$2,787
23 years$16,605$12,963$10,012$7,660$5,814$2,386
24 years$15,744$12,146$9,260$6,987$5,226$2,044
25 years$14,953$11,398$8,576$6,381$4,703$1,752
26 years$14,225$10,713$7,954$5,834$4,236$1,503
27 years$13,551$10,082$7,386$5,340$3,819$1,290
28 years$12,927$9,500$6,866$4,893$3,446$1,107
29 years$12,347$8,962$6,390$4,487$3,112$951
30 years$11,806$8,464$5,952$4,118$2,812$817
31 years$11,302$8,001$5,549$3,782$2,542$702
32 years$10,830$7,571$5,177$3,476$2,299$603
33 years$10,387$7,170$4,834$3,196$2,081$518
34 years$9,971$6,795$4,516$2,941$1,884$446
35 years$9,580$6,445$4,222$2,707$1,706$383
36 years$9,212$6,117$3,950$2,493$1,546$330
37 years$8,864$5,810$3,697$2,297$1,401$283
38 years$8,535$5,522$3,462$2,117$1,270$244
39 years$8,224$5,250$3,244$1,952$1,152$210
40 years$7,930$4,995$3,040$1,801$1,045$180
41 years$7,650$4,755$2,851$1,661$948$155
42 years$7,384$4,529$2,674$1,533$860$134
43 years$7,132$4,315$2,509$1,415$781$115
44 years$6,891$4,113$2,355$1,307$709$99
45 years$6,662$3,922$2,212$1,207$643$85
46 years$6,444$3,742$2,077$1,115$584$73
47 years$6,235$3,571$1,952$1,030$530$63
48 years$6,036$3,409$1,834$952$482$54
49 years$5,845$3,255$1,724$880$437$47
50 years$5,663$3,109$1,621$813$397$40

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 $3,146 every year, while hoping to spend $24,280 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: 28/44/28 Blend
57$5,800,000$5,800,000$5,800,000$5,800,000
58$6,394,845$6,087,445$5,997,545$6,518,291
59$7,021,286$6,359,896$6,172,629$6,889,734
60$7,710,809$6,644,884$6,352,765$7,286,208
61$8,469,825$6,942,996$6,538,095$7,711,688
62$9,305,394$7,254,850$6,728,769$8,168,679
63$10,225,299$7,581,092$6,924,937$8,659,925
64$11,238,112$7,922,398$7,126,755$9,188,429
65$12,353,282$8,279,478$7,334,384$9,757,480
66$13,581,219$8,653,075$7,547,988$10,370,681
67$14,933,395$9,043,967$7,767,737$11,031,980
68$16,422,450$9,452,970$7,993,805$11,745,703
69$18,062,312$9,880,939$8,226,370$12,516,596
70$19,868,331$10,328,768$8,465,617$13,349,860
71$21,857,420$10,797,396$8,711,733$14,251,203
72$24,048,214$11,287,806$8,964,914$15,226,884
73$26,461,252$11,801,028$9,225,359$16,283,774
74$29,119,163$12,338,142$9,493,272$17,429,412
75$32,046,886$12,900,279$9,768,864$18,672,078
76$35,271,899$13,488,624$10,052,352$20,020,860
77$38,824,485$14,104,419$10,343,959$21,485,740
78$42,738,013$14,748,966$10,643,912$23,077,680
79$47,049,254$15,423,629$10,952,446$24,808,725
80$51,798,728$16,129,837$11,269,804$26,692,107
81$57,031,088$16,869,088$11,596,231$28,742,368
82$62,795,539$17,642,953$11,931,985$30,975,487
83$69,146,302$18,453,077$12,277,325$33,409,033
84$76,143,131$19,301,183$12,632,521$36,062,315
85$83,851,869$20,189,080$12,997,849$38,956,565
86$92,345,076$21,118,661$13,373,594$42,115,128
87$101,702,710$22,091,912$13,760,045$45,563,676
88$112,012,883$23,110,912$14,157,504$49,330,445
89$123,372,694$24,177,844$14,566,276$53,446,491
90$135,889,142$25,294,991$14,986,680$57,945,975
91$149,680,140$26,464,751$15,419,039$62,866,482
92$164,875,623$27,689,633$15,863,686$68,249,360
93$181,618,782$28,972,270$16,320,964$74,140,105
94$200,067,406$30,315,420$16,791,226$80,588,780
95$220,395,381$31,721,975$17,274,831$87,650,479
96$242,794,324$33,194,966$17,772,152$95,385,833
97$267,475,396$34,737,570$18,283,570$103,861,575
98$294,671,293$36,353,117$18,809,475$113,151,157
99$324,638,443$38,045,098$19,350,271$123,335,430
100$357,659,429$39,817,173$19,906,370$134,503,395