Can I retire at age 58 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$297,285$294,637$292,053$289,531$287,069$279,902
2 years$147,171$144,430$141,773$139,198$136,700$129,524
3 years$97,139$94,386$91,737$89,185$86,728$79,769
4 years$72,128$69,384$66,761$64,253$61,855$55,166
5 years$57,126$54,398$51,809$49,352$47,021$40,620
6 years$47,127$44,420$41,869$39,468$37,206$31,100
7 years$39,988$37,304$34,794$32,448$30,259$24,447
8 years$34,637$31,976$29,508$27,220$25,102$19,584
9 years$30,476$27,841$25,415$23,186$21,140$15,909
10 years$27,150$24,541$22,157$19,986$18,012$13,064
11 years$24,430$21,847$19,507$17,394$15,491$10,817
12 years$22,165$19,609$17,312$15,257$13,424$9,017
13 years$20,251$17,721$15,467$13,470$11,706$7,557
14 years$18,611$16,107$13,897$11,957$10,262$6,361
15 years$17,191$14,714$12,547$10,663$9,035$5,374
16 years$15,949$13,500$11,376$9,548$7,985$4,553
17 years$14,855$12,433$10,352$8,579$7,080$3,868
18 years$13,884$11,489$9,450$7,731$6,295$3,292
19 years$13,016$10,648$8,651$6,986$5,611$2,807
20 years$12,235$9,894$7,939$6,327$5,012$2,397
21 years$11,530$9,216$7,303$5,742$4,485$2,050
22 years$10,890$8,603$6,731$5,221$4,020$1,754
23 years$10,306$8,046$6,214$4,755$3,609$1,503
24 years$9,772$7,539$5,747$4,337$3,244$1,289
25 years$9,281$7,075$5,323$3,960$2,919$1,105
26 years$8,829$6,649$4,937$3,621$2,629$949
27 years$8,411$6,258$4,584$3,315$2,371$815
28 years$8,024$5,897$4,262$3,037$2,139$700
29 years$7,664$5,563$3,966$2,785$1,931$602
30 years$7,328$5,253$3,694$2,556$1,745$517
31 years$7,015$4,966$3,444$2,347$1,578$445
32 years$6,722$4,699$3,213$2,157$1,427$383
33 years$6,447$4,450$3,000$1,984$1,292$329
34 years$6,189$4,218$2,803$1,825$1,169$283
35 years$5,946$4,000$2,621$1,680$1,059$244
36 years$5,718$3,797$2,452$1,547$960$210
37 years$5,502$3,606$2,295$1,426$870$181
38 years$5,298$3,427$2,149$1,314$789$155
39 years$5,105$3,259$2,013$1,212$715$134
40 years$4,922$3,101$1,887$1,118$649$115
41 years$4,748$2,951$1,770$1,031$588$99
42 years$4,583$2,811$1,660$952$534$85
43 years$4,427$2,678$1,558$878$485$74
44 years$4,277$2,553$1,462$811$440$63
45 years$4,135$2,434$1,373$749$399$55
46 years$3,999$2,322$1,289$692$363$47
47 years$3,870$2,216$1,211$639$329$40
48 years$3,746$2,116$1,138$591$299$35
49 years$3,628$2,020$1,070$546$272$30
50 years$3,515$1,930$1,006$505$247$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,600,000, adding $4,161 every year, while hoping to spend $49,364 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: 63/17/20 Blend
57$3,600,000$3,600,000$3,600,000$3,600,000
58$3,971,492$3,780,692$3,724,892$4,201,054
59$4,324,061$3,913,423$3,797,153$4,488,940
60$4,710,938$4,051,003$3,870,180$4,797,293
61$5,135,570$4,193,619$3,943,947$5,132,914
62$5,601,754$4,341,462$4,018,425$5,498,466
63$6,113,673$4,494,733$4,093,582$5,896,882
64$6,675,934$4,653,642$4,169,384$6,331,393
65$7,293,614$4,818,405$4,245,794$6,805,553
66$7,972,305$4,989,249$4,322,770$7,323,276
67$8,718,166$5,166,409$4,400,269$7,888,873
68$9,537,985$5,350,129$4,478,244$8,507,089
69$10,439,239$5,540,664$4,556,644$9,183,150
70$11,430,164$5,738,279$4,635,414$9,922,811
71$12,519,836$5,943,251$4,714,496$10,732,410
72$13,718,255$6,155,865$4,793,827$11,618,928
73$15,036,436$6,376,422$4,873,340$12,590,052
74$16,486,518$6,605,232$4,952,962$13,654,249
75$18,081,873$6,842,619$5,032,617$14,820,848
76$19,837,237$7,088,920$5,112,222$16,100,120
77$21,768,846$7,344,487$5,191,692$17,503,382
78$23,894,587$7,609,686$5,270,932$19,043,100
79$26,234,171$7,884,897$5,349,845$20,733,006
80$28,809,316$8,170,517$5,428,324$22,588,226
81$31,643,953$8,466,958$5,506,260$24,625,427
82$34,764,449$8,774,653$5,583,533$26,862,965
83$38,199,860$9,094,047$5,660,018$29,321,069
84$41,982,200$9,425,610$5,735,583$32,022,019
85$46,146,746$9,769,826$5,810,086$34,990,365
86$50,732,370$10,127,204$5,883,380$38,253,156
87$55,781,905$10,498,271$5,955,307$41,840,189
88$61,342,551$10,883,577$6,025,701$45,784,297
89$67,466,315$11,283,696$6,094,386$50,121,655
90$74,210,508$11,699,227$6,161,177$54,892,118
91$81,638,282$12,130,790$6,225,878$60,139,602
92$89,819,225$12,579,038$6,288,284$65,912,492
93$98,830,020$13,044,645$6,348,175$72,264,103
94$108,755,167$13,528,317$6,405,324$79,253,179
95$119,687,781$14,030,791$6,459,489$86,944,445
96$131,730,468$14,552,833$6,510,415$95,409,224
97$144,996,297$15,095,243$6,557,836$104,726,102
98$159,609,864$15,658,855$6,601,468$114,981,671
99$175,708,469$16,244,538$6,641,016$126,271,347
100$193,443,411$16,853,199$6,676,169$138,700,271