Can I retire at age 58 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$503,732$499,245$494,868$490,595$486,423$476,018
2 years$249,372$244,728$240,227$235,863$231,630$221,198
3 years$164,597$159,933$155,443$151,120$146,955$136,822
4 years$122,217$117,567$113,123$108,873$104,810$95,053
5 years$96,796$92,174$87,788$83,625$79,675$70,322
6 years$79,855$75,267$70,946$66,876$63,044$54,105
7 years$67,758$63,209$58,956$54,982$51,272$42,748
8 years$58,690$54,182$49,999$46,123$42,535$34,424
9 years$51,640$47,175$43,064$39,287$35,820$28,117
10 years$46,004$41,583$37,545$33,866$30,521$23,217
11 years$41,396$37,019$33,054$29,473$26,249$19,335
12 years$37,558$33,226$29,334$25,852$22,747$16,212
13 years$34,313$30,026$26,208$22,823$19,836$13,669
14 years$31,535$27,293$23,548$20,260$17,388$11,577
15 years$29,129$24,933$21,261$18,068$15,310$9,842
16 years$27,025$22,875$19,276$16,178$13,531$8,392
17 years$25,171$21,067$17,540$14,536$11,997$7,175
18 years$23,525$19,467$16,012$13,100$10,667$6,148
19 years$22,054$18,042$14,658$11,837$9,508$5,278
20 years$20,732$16,766$13,453$10,721$8,493$4,538
21 years$19,537$15,616$12,374$9,730$7,600$3,907
22 years$18,452$14,577$11,405$8,846$6,812$3,367
23 years$17,463$13,634$10,530$8,057$6,115$2,905
24 years$16,558$12,774$9,739$7,348$5,496$2,508
25 years$15,727$11,988$9,020$6,711$4,946$2,168
26 years$14,960$11,267$8,365$6,136$4,455$1,874
27 years$14,252$10,603$7,768$5,616$4,017$1,621
28 years$13,596$9,991$7,221$5,146$3,624$1,403
29 years$12,985$9,426$6,720$4,719$3,273$1,215
30 years$12,417$8,902$6,260$4,331$2,957$1,052
31 years$11,886$8,415$5,836$3,977$2,673$912
32 years$11,390$7,962$5,445$3,655$2,418$790
33 years$10,924$7,540$5,084$3,361$2,189$685
34 years$10,487$7,147$4,750$3,093$1,982$594
35 years$10,076$6,778$4,441$2,847$1,795$515
36 years$9,688$6,434$4,154$2,622$1,626$447
37 years$9,322$6,111$3,888$2,416$1,474$387
38 years$8,977$5,807$3,641$2,227$1,336$336
39 years$8,650$5,522$3,412$2,053$1,212$291
40 years$8,340$5,254$3,198$1,894$1,099$253
41 years$8,046$5,001$2,998$1,747$997$219
42 years$7,766$4,763$2,813$1,613$905$190
43 years$7,501$4,538$2,639$1,489$821$165
44 years$7,248$4,326$2,477$1,374$745$143
45 years$7,007$4,125$2,326$1,269$677$124
46 years$6,777$3,935$2,185$1,172$614$108
47 years$6,558$3,755$2,053$1,083$558$94
48 years$6,348$3,585$1,929$1,001$507$81
49 years$6,148$3,423$1,813$925$460$71
50 years$5,956$3,270$1,704$855$418$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $6,100,000, adding $4,417 every year, while hoping to spend $54,702 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: 87/8/5 Blend
57$6,100,000$6,100,000$6,100,000$6,100,000
58$6,726,756$6,403,456$6,308,906$7,312,171
59$7,354,683$6,659,023$6,462,052$7,949,471
60$8,044,825$6,925,279$6,618,495$8,641,739
61$8,803,470$7,202,691$6,778,287$9,400,798
62$9,637,546$7,491,745$6,941,482$10,233,335
63$10,554,686$7,792,951$7,108,132$11,146,712
64$11,563,298$8,106,840$7,278,289$12,149,040
65$12,672,648$8,433,969$7,452,006$13,249,249
66$13,892,944$8,774,919$7,629,333$14,457,180
67$15,235,431$9,130,297$7,810,323$15,783,667
68$16,712,503$9,500,739$7,995,027$17,240,649
69$18,337,813$9,886,910$8,183,494$18,841,273
70$20,126,404$10,289,502$8,375,775$20,600,024
71$22,094,852$10,709,243$8,571,919$22,532,858
72$24,261,422$11,146,891$8,771,974$24,657,352
73$26,646,239$11,603,241$8,975,986$26,992,869
74$29,271,476$12,079,121$9,184,003$29,560,741
75$32,161,569$12,575,399$9,396,069$32,384,470
76$35,343,439$13,092,984$9,612,228$35,489,946
77$38,846,754$13,632,825$9,832,522$38,905,695
78$42,704,204$14,195,914$10,056,992$42,663,142
79$46,951,808$14,783,289$10,285,676$46,796,912
80$51,629,258$15,396,036$10,518,613$51,345,151
81$56,780,293$16,035,292$10,755,836$56,349,890
82$62,453,105$16,702,244$10,997,379$61,857,437
83$68,700,803$17,398,135$11,243,272$67,918,813
84$75,581,906$18,124,265$11,493,544$74,590,236
85$83,160,902$18,881,995$11,748,218$81,933,646
86$91,508,848$19,672,747$12,007,318$90,017,293
87$100,704,049$20,498,010$12,270,862$98,916,374
88$110,832,792$21,359,343$12,538,865$108,713,750
89$121,990,160$22,258,373$12,811,340$119,500,716
90$134,280,931$23,196,808$13,088,295$131,377,873
91$147,820,565$24,176,431$13,369,732$144,456,068
92$162,736,295$25,199,109$13,655,651$158,857,440
93$179,168,329$26,266,796$13,946,046$174,716,575
94$197,271,167$27,381,538$14,240,907$192,181,773
95$217,215,066$28,545,473$14,540,218$211,416,443
96$239,187,643$29,760,842$14,843,955$232,600,649
97$263,395,647$31,029,988$15,152,093$255,932,806
98$290,066,910$32,355,364$15,464,595$281,631,549
99$319,452,497$33,739,539$15,781,420$309,937,797
100$351,829,074$35,185,199$16,102,520$341,117,028