Can I retire at age 58 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$272,511$270,084$267,715$265,404$263,147$257,939
2 years$134,906$132,394$129,959$127,598$125,308$120,083
3 years$89,044$86,521$84,092$81,753$79,500$74,422
4 years$66,118$63,602$61,197$58,899$56,700$51,807
5 years$52,365$49,865$47,492$45,240$43,103$38,408
6 years$43,200$40,718$38,380$36,179$34,106$29,615
7 years$36,656$34,195$31,894$29,744$27,737$23,452
8 years$31,750$29,312$27,049$24,952$23,011$18,929
9 years$27,937$25,521$23,297$21,253$19,378$15,498
10 years$24,887$22,496$20,311$18,321$16,511$12,829
11 years$22,394$20,026$17,881$15,944$14,200$10,711
12 years$20,318$17,975$15,869$13,985$12,306$9,004
13 years$18,563$16,244$14,178$12,347$10,731$7,612
14 years$17,060$14,765$12,739$10,960$9,406$6,464
15 years$15,758$13,488$11,502$9,775$8,282$5,511
16 years$14,620$12,375$10,428$8,752$7,320$4,713
17 years$13,617$11,397$9,489$7,864$6,490$4,041
18 years$12,727$10,531$8,662$7,087$5,771$3,472
19 years$11,931$9,760$7,930$6,404$5,144$2,990
20 years$11,216$9,070$7,278$5,800$4,594$2,578
21 years$10,569$8,448$6,694$5,264$4,112$2,226
22 years$9,982$7,886$6,170$4,786$3,685$1,925
23 years$9,447$7,376$5,697$4,359$3,308$1,666
24 years$8,958$6,911$5,268$3,975$2,973$1,443
25 years$8,508$6,485$4,880$3,630$2,676$1,251
26 years$8,093$6,095$4,526$3,319$2,410$1,085
27 years$7,710$5,736$4,202$3,038$2,173$942
28 years$7,355$5,405$3,907$2,784$1,961$818
29 years$7,025$5,099$3,635$2,553$1,770$710
30 years$6,717$4,816$3,386$2,343$1,600$617
31 years$6,430$4,552$3,157$2,152$1,446$537
32 years$6,162$4,307$2,945$1,977$1,308$467
33 years$5,910$4,079$2,750$1,818$1,184$406
34 years$5,673$3,866$2,570$1,673$1,072$353
35 years$5,451$3,667$2,402$1,540$971$307
36 years$5,241$3,481$2,247$1,418$880$267
37 years$5,043$3,306$2,104$1,307$797$233
38 years$4,856$3,142$1,970$1,205$723$202
39 years$4,679$2,987$1,846$1,111$655$176
40 years$4,512$2,842$1,730$1,025$595$153
41 years$4,353$2,706$1,622$945$539$134
42 years$4,201$2,577$1,522$872$489$116
43 years$4,058$2,455$1,428$805$444$101
44 years$3,921$2,340$1,340$744$403$88
45 years$3,791$2,232$1,258$687$366$77
46 years$3,666$2,129$1,182$634$332$67
47 years$3,548$2,032$1,110$586$302$58
48 years$3,434$1,939$1,043$541$274$51
49 years$3,326$1,852$981$500$249$44
50 years$3,222$1,769$922$463$226$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,300,000, adding $4,235 every year, while hoping to spend $25,981 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: 36/50/14 Blend
57$3,300,000$3,300,000$3,300,000$3,300,000
58$3,640,968$3,466,068$3,414,918$3,756,214
59$3,984,704$3,608,262$3,501,675$3,981,824
60$4,362,629$3,756,553$3,590,466$4,222,438
61$4,778,205$3,911,211$3,681,334$4,481,630
62$5,235,242$4,072,521$3,774,320$4,761,069
63$5,737,942$4,240,780$3,869,465$5,062,581
64$6,290,932$4,416,298$3,966,812$5,388,172
65$6,899,310$4,599,399$4,066,402$5,740,041
66$7,568,693$4,790,424$4,168,281$6,120,601
67$8,305,272$4,989,726$4,272,490$6,532,500
68$9,115,865$5,197,679$4,379,074$6,978,645
69$10,007,988$5,414,670$4,488,078$7,462,228
70$10,989,920$5,641,106$4,599,546$7,986,752
71$12,070,785$5,877,413$4,713,523$8,556,068
72$13,260,634$6,124,035$4,830,055$9,174,403
73$14,570,545$6,381,439$4,949,188$9,846,402
74$16,012,722$6,650,111$5,070,968$10,577,170
75$17,600,615$6,930,562$5,195,440$11,372,316
76$19,349,043$7,223,324$5,322,653$12,238,007
77$21,274,334$7,528,956$5,452,651$13,181,020
78$23,394,484$7,848,043$5,585,483$14,208,806
79$25,729,320$8,181,195$5,721,195$15,329,560
80$28,300,690$8,529,053$5,859,834$16,552,292
81$31,132,669$8,892,285$6,001,447$17,886,910
82$34,251,787$9,271,593$6,146,081$19,344,314
83$37,687,278$9,667,710$6,293,784$20,936,494
84$41,471,357$10,081,404$6,444,602$22,676,639
85$45,639,520$10,513,478$6,598,581$24,579,259
86$50,230,886$10,964,774$6,755,768$26,660,322
87$55,288,560$11,436,171$6,916,210$28,937,397
88$60,860,041$11,928,591$7,079,951$31,429,818
89$66,997,672$12,442,999$7,247,037$34,158,863
90$73,759,135$12,980,406$7,417,512$37,147,952
91$81,207,988$13,541,868$7,591,421$40,422,861
92$89,414,276$14,128,493$7,768,807$44,011,965
93$98,455,182$14,741,439$7,949,711$47,946,498
94$108,415,761$15,381,919$8,134,177$52,260,846
95$119,389,741$16,051,205$8,322,244$56,992,865
96$131,480,407$16,750,627$8,513,951$62,184,234
97$144,801,577$17,481,577$8,709,338$67,880,844
98$159,478,678$18,245,514$8,908,440$74,133,222
99$175,649,924$19,043,964$9,111,294$80,997,010
100$193,467,626$19,878,529$9,317,932$88,533,475