Can I retire at age 58 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$305,543$302,821$300,166$297,574$295,043$293,307
2 years$151,259$148,442$145,711$143,064$140,497$138,745
3 years$99,837$97,008$94,285$91,663$89,137$87,424
4 years$74,132$71,311$68,615$66,038$63,573$61,912
5 years$58,713$55,909$53,248$50,723$48,327$46,723
6 years$48,436$45,654$43,033$40,564$38,240$36,695
7 years$41,099$38,340$35,760$33,350$31,099$29,614
8 years$35,599$32,864$30,328$27,976$25,800$24,374
9 years$31,323$28,614$26,121$23,830$21,727$20,361
10 years$27,904$25,222$22,773$20,541$18,513$17,205
11 years$25,109$22,454$20,049$17,877$15,921$14,672
12 years$22,781$20,153$17,793$15,681$13,797$12,605
13 years$20,813$18,213$15,897$13,844$12,031$10,894
14 years$19,128$16,555$14,283$12,289$10,547$9,464
15 years$17,668$15,123$12,896$10,960$9,286$8,256
16 years$16,392$13,875$11,692$9,813$8,207$7,229
17 years$15,268$12,779$10,639$8,817$7,277$6,349
18 years$14,269$11,808$9,712$7,946$6,470$5,590
19 years$13,377$10,944$8,891$7,180$5,767$4,934
20 years$12,575$10,169$8,160$6,503$5,151$4,363
21 years$11,850$9,472$7,506$5,902$4,610$3,865
22 years$11,192$8,842$6,917$5,366$4,132$3,429
23 years$10,593$8,270$6,387$4,887$3,709$3,046
24 years$10,044$7,748$5,907$4,457$3,334$2,709
25 years$9,539$7,271$5,471$4,070$3,000$2,412
26 years$9,074$6,834$5,074$3,722$2,702$2,149
27 years$8,645$6,431$4,712$3,407$2,436$1,917
28 years$8,246$6,060$4,380$3,121$2,198$1,710
29 years$7,876$5,717$4,076$2,862$1,985$1,527
30 years$7,532$5,399$3,797$2,627$1,794$1,365
31 years$7,210$5,104$3,540$2,413$1,622$1,220
32 years$6,909$4,830$3,303$2,217$1,467$1,091
33 years$6,626$4,574$3,084$2,039$1,328$976
34 years$6,361$4,335$2,881$1,876$1,202$874
35 years$6,112$4,111$2,694$1,727$1,089$782
36 years$5,876$3,902$2,520$1,590$986$700
37 years$5,655$3,706$2,359$1,465$894$627
38 years$5,445$3,522$2,209$1,351$810$562
39 years$5,247$3,349$2,069$1,245$735$504
40 years$5,058$3,187$1,940$1,149$667$451
41 years$4,880$3,033$1,819$1,060$605$405
42 years$4,711$2,889$1,706$978$549$363
43 years$4,550$2,753$1,601$903$498$325
44 years$4,396$2,624$1,503$834$452$292
45 years$4,250$2,502$1,411$770$410$262
46 years$4,111$2,387$1,325$711$373$235
47 years$3,978$2,278$1,245$657$338$211
48 years$3,850$2,174$1,170$607$307$189
49 years$3,729$2,076$1,100$561$279$169
50 years$3,612$1,984$1,034$519$253$152

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,700,000, adding $2,022 every year, while hoping to spend $38,652 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: 36/38/26 Blend
57$3,700,000$3,700,000$3,700,000$3,700,000
58$4,079,486$3,883,386$3,826,036$4,194,369
59$4,454,468$4,032,546$3,913,082$4,428,748
60$4,866,403$4,187,720$4,001,750$4,677,935
61$5,319,019$4,349,161$4,092,051$4,946,201
62$5,816,423$4,517,135$4,184,000$5,235,285
63$6,363,141$4,691,917$4,277,606$5,547,095
64$6,964,157$4,873,797$4,372,882$5,883,727
65$7,624,965$5,063,077$4,469,837$6,247,482
66$8,351,614$5,260,070$4,568,480$6,640,891
67$9,150,773$5,465,107$4,668,817$7,066,729
68$10,029,785$5,678,531$4,770,856$7,528,051
69$10,996,743$5,900,699$4,874,600$8,028,211
70$12,060,565$6,131,988$4,980,054$8,570,896
71$13,231,075$6,372,787$5,087,218$9,160,161
72$14,519,097$6,623,506$5,196,092$9,800,462
73$15,936,559$6,884,572$5,306,675$10,496,703
74$17,496,602$7,156,430$5,418,962$11,254,272
75$19,213,706$7,439,546$5,532,949$12,079,099
76$21,103,828$7,734,407$5,648,626$12,977,705
77$23,184,546$8,041,522$5,765,983$13,957,265
78$25,475,235$8,361,421$5,885,008$15,025,674
79$27,997,238$8,694,660$6,005,685$16,191,615
80$30,774,077$9,041,819$6,127,996$17,464,648
81$33,831,668$9,403,503$6,251,920$18,855,289
82$37,198,571$9,780,348$6,377,432$20,375,115
83$40,906,255$10,173,014$6,504,505$22,036,867
84$44,989,395$10,582,194$6,633,108$23,854,569
85$49,486,202$11,008,611$6,763,206$25,843,659
86$54,438,783$11,453,020$6,894,761$28,021,134
87$59,893,533$11,916,213$7,027,731$30,405,702
88$65,901,581$12,399,015$7,162,067$33,017,965
89$72,519,266$12,902,290$7,297,720$35,880,603
90$79,808,670$13,426,941$7,434,632$39,018,592
91$87,838,204$13,973,911$7,572,743$42,459,431
92$96,683,257$14,544,188$7,711,985$46,233,404
93$106,426,899$15,138,804$7,852,287$50,373,859
94$117,160,675$15,758,837$7,993,570$54,917,522
95$128,985,460$16,405,417$8,135,751$59,904,841
96$142,012,416$17,079,722$8,278,739$65,380,363
97$156,364,041$17,782,987$8,422,435$71,393,149
98$172,175,322$18,516,502$8,566,735$77,997,239
99$189,595,012$19,281,617$8,711,527$85,252,153
100$208,787,030$20,079,744$8,856,691$93,223,454