Can I retire at age 58 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$487,216$482,877$478,642$474,510$470,474$465,949
2 years$241,196$236,704$232,351$228,130$224,035$219,477
3 years$159,200$154,689$150,346$146,165$142,137$137,686
4 years$118,210$113,713$109,414$105,304$101,373$97,065
5 years$93,623$89,152$84,909$80,883$77,063$72,909
6 years$77,236$72,799$68,619$64,683$60,977$56,984
7 years$65,536$61,137$57,023$53,179$49,591$45,759
8 years$56,765$52,406$48,360$44,611$41,140$37,470
9 years$49,947$45,628$41,653$37,999$34,646$31,137
10 years$44,496$40,219$36,314$32,755$29,520$26,169
11 years$40,038$35,805$31,970$28,507$25,388$22,193
12 years$36,327$32,136$28,373$25,004$22,001$18,958
13 years$33,188$29,042$25,349$22,075$19,185$16,291
14 years$30,501$26,398$22,776$19,596$16,818$14,069
15 years$28,174$24,115$20,564$17,476$14,808$12,200
16 years$26,139$22,125$18,644$15,648$13,087$10,616
17 years$24,346$20,377$16,965$14,059$11,604$9,266
18 years$22,754$18,829$15,487$12,670$10,318$8,107
19 years$21,331$17,450$14,178$11,449$9,196$7,109
20 years$20,052$16,216$13,012$10,369$8,214$6,246
21 years$18,897$15,104$11,968$9,411$7,351$5,496
22 years$17,847$14,099$11,031$8,556$6,589$4,843
23 years$16,891$13,187$10,185$7,792$5,915$4,273
24 years$16,015$12,355$9,419$7,107$5,316$3,774
25 years$15,211$11,595$8,724$6,491$4,784$3,337
26 years$14,470$10,897$8,091$5,935$4,309$2,952
27 years$13,785$10,256$7,513$5,432$3,885$2,614
28 years$13,150$9,664$6,985$4,977$3,506$2,316
29 years$12,560$9,117$6,500$4,564$3,165$2,054
30 years$12,010$8,610$6,054$4,189$2,860$1,822
31 years$11,497$8,139$5,644$3,847$2,586$1,616
32 years$11,016$7,701$5,266$3,535$2,339$1,435
33 years$10,566$7,293$4,917$3,251$2,117$1,274
34 years$10,143$6,912$4,594$2,991$1,917$1,132
35 years$9,745$6,556$4,295$2,754$1,736$1,006
36 years$9,371$6,223$4,018$2,536$1,573$894
37 years$9,017$5,910$3,761$2,337$1,426$795
38 years$8,682$5,617$3,522$2,154$1,292$707
39 years$8,366$5,341$3,300$1,986$1,172$628
40 years$8,066$5,082$3,093$1,832$1,063$559
41 years$7,782$4,837$2,900$1,690$964$497
42 years$7,512$4,607$2,720$1,560$875$442
43 years$7,255$4,389$2,553$1,440$794$393
44 years$7,010$4,184$2,396$1,329$721$350
45 years$6,777$3,990$2,250$1,228$654$312
46 years$6,555$3,806$2,113$1,134$594$277
47 years$6,343$3,632$1,985$1,048$540$247
48 years$6,140$3,467$1,866$968$490$220
49 years$5,946$3,311$1,754$895$445$195
50 years$5,760$3,163$1,649$827$404$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $5,900,000, adding $4,321 every year, while hoping to spend $26,074 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: 48/35/17 Blend
57$5,900,000$5,900,000$5,900,000$5,900,000
58$6,506,257$6,193,557$6,102,107$6,787,304
59$7,142,153$6,469,299$6,278,785$7,258,259
60$7,842,036$6,757,678$6,460,508$7,766,339
61$8,612,406$7,059,286$6,647,417$8,317,473
62$9,460,424$7,374,744$6,839,658$8,915,703
63$10,393,980$7,704,700$7,037,380$9,565,468
64$11,421,770$8,049,834$7,240,736$10,271,643
65$12,553,374$8,410,859$7,449,884$11,039,586
66$13,799,349$8,788,522$7,664,986$11,875,184
67$15,171,327$9,183,605$7,886,208$12,784,906
68$16,682,128$9,596,926$8,113,721$13,775,864
69$18,345,875$10,029,346$8,347,701$14,855,874
70$20,178,132$10,481,762$8,588,327$16,033,532
71$22,196,051$10,955,117$8,835,785$17,318,288
72$24,418,529$11,450,399$9,090,265$18,720,534
73$26,866,392$11,968,642$9,351,962$20,251,702
74$29,562,588$12,510,929$9,621,077$21,924,361
75$32,532,405$13,078,397$9,897,815$23,752,343
76$35,803,707$13,672,236$10,182,389$25,750,860
77$39,407,202$14,293,692$10,475,016$27,936,652
78$43,376,726$14,944,073$10,775,919$30,328,136
79$47,749,567$15,624,746$11,085,326$32,945,577
80$52,566,812$16,337,148$11,403,474$35,811,279
81$57,873,739$17,082,781$11,730,603$38,949,786
82$63,720,245$17,863,222$12,066,962$42,388,113
83$70,161,311$18,680,120$12,412,806$46,155,994
84$77,257,525$19,535,207$12,768,396$50,286,161
85$85,075,657$20,430,296$13,134,001$54,814,643
86$93,689,280$21,367,287$13,509,897$59,781,104
87$103,179,474$22,348,171$13,896,365$65,229,215
88$113,635,585$23,375,037$14,293,698$71,207,052
89$125,156,071$24,450,070$14,702,194$77,767,552
90$137,849,431$25,575,564$15,122,158$84,969,001
91$151,835,228$26,753,922$15,553,906$92,875,583
92$167,245,219$27,987,662$15,997,759$101,557,971
93$184,224,597$29,279,423$16,454,050$111,093,996
94$202,933,363$30,631,972$16,923,118$121,569,366
95$223,547,836$32,048,208$17,405,312$133,078,474
96$246,262,316$33,531,171$17,900,991$145,725,275
97$271,290,920$35,084,046$18,410,522$159,624,263
98$298,869,602$36,710,173$18,934,282$174,901,540
99$329,258,380$38,413,050$19,472,659$191,696,000
100$362,743,792$40,196,346$20,026,050$210,160,626