Can I retire at age 58 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$313,800$311,005$308,278$305,616$303,017$291,340
2 years$155,347$152,454$149,650$146,931$144,294$132,668
3 years$102,536$99,630$96,833$94,140$91,546$80,338
4 years$76,135$73,239$70,470$67,823$65,291$54,587
5 years$60,299$57,420$54,687$52,094$49,633$39,459
6 years$49,745$46,888$44,196$41,660$39,273$29,637
7 years$42,210$39,376$36,727$34,251$31,940$22,837
8 years$36,561$33,753$31,147$28,732$26,497$17,920
9 years$32,169$29,388$26,827$24,474$22,314$14,251
10 years$28,658$25,904$23,388$21,097$19,013$11,447
11 years$25,787$23,061$20,591$18,360$16,352$9,267
12 years$23,397$20,698$18,274$16,104$14,170$7,547
13 years$21,376$18,705$16,326$14,218$12,357$6,177
14 years$19,645$17,002$14,669$12,621$10,832$5,075
15 years$18,146$15,532$13,244$11,256$9,537$4,182
16 years$16,835$14,250$12,008$10,078$8,429$3,455
17 years$15,681$13,124$10,927$9,055$7,474$2,861
18 years$14,655$12,127$9,975$8,161$6,645$2,372
19 years$13,739$11,239$9,131$7,374$5,923$1,970
20 years$12,915$10,444$8,380$6,678$5,291$1,638
21 years$12,171$9,728$7,708$6,061$4,734$1,363
22 years$11,495$9,081$7,104$5,511$4,244$1,135
23 years$10,879$8,493$6,560$5,019$3,809$946
24 years$10,315$7,958$6,067$4,578$3,424$789
25 years$9,797$7,468$5,619$4,180$3,081$658
26 years$9,320$7,019$5,211$3,822$2,775$549
27 years$8,878$6,605$4,839$3,499$2,502$459
28 years$8,469$6,224$4,499$3,206$2,258$383
29 years$8,089$5,872$4,186$2,940$2,039$320
30 years$7,735$5,545$3,899$2,698$1,842$267
31 years$7,405$5,242$3,635$2,478$1,665$223
32 years$7,095$4,960$3,392$2,277$1,507$186
33 years$6,805$4,697$3,167$2,094$1,363$156
34 years$6,533$4,452$2,959$1,927$1,234$130
35 years$6,277$4,223$2,766$1,774$1,118$109
36 years$6,035$4,008$2,588$1,633$1,013$91
37 years$5,807$3,807$2,422$1,505$918$76
38 years$5,592$3,618$2,268$1,387$832$64
39 years$5,388$3,440$2,125$1,279$755$53
40 years$5,195$3,273$1,992$1,180$685$44
41 years$5,012$3,115$1,868$1,088$621$37
42 years$4,838$2,967$1,752$1,005$564$31
43 years$4,672$2,827$1,644$927$512$26
44 years$4,515$2,695$1,543$856$464$22
45 years$4,365$2,570$1,449$791$421$18
46 years$4,222$2,451$1,361$730$383$15
47 years$4,085$2,339$1,279$675$348$13
48 years$3,954$2,233$1,202$624$316$11
49 years$3,830$2,133$1,129$576$287$9
50 years$3,710$2,037$1,062$533$260$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,800,000, adding $2,783 every year, while hoping to spend $20,536 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: 73/8/19 Blend
57$3,800,000$3,800,000$3,800,000$3,800,000
58$4,190,471$3,989,071$3,930,171$4,477,334
59$4,596,049$4,162,685$4,039,981$4,841,832
60$5,042,307$4,344,118$4,152,782$5,238,264
61$5,533,374$4,533,732$4,268,652$5,672,033
62$6,073,797$4,731,904$4,387,671$6,146,846
63$6,668,589$4,939,031$4,509,922$6,666,783
64$7,323,269$5,155,528$4,635,489$7,236,339
65$8,043,924$5,381,830$4,764,459$7,860,462
66$8,837,256$5,618,392$4,896,920$8,544,599
67$9,710,653$5,865,689$5,032,964$9,294,752
68$10,672,254$6,124,223$5,172,683$10,117,528
69$11,731,029$6,394,515$5,316,172$11,020,206
70$12,896,860$6,677,112$5,463,530$12,010,802
71$14,180,638$6,972,589$5,614,857$13,098,144
72$15,594,362$7,281,545$5,770,254$14,291,955
73$17,151,257$7,604,610$5,929,827$15,602,948
74$18,865,892$7,942,443$6,093,683$17,042,920
75$20,754,324$8,295,734$6,261,933$18,624,867
76$22,834,245$8,665,205$6,434,688$20,363,106
77$25,125,153$9,051,614$6,612,064$22,273,406
78$27,648,530$9,455,755$6,794,180$24,373,140
79$30,428,051$9,878,458$6,981,155$26,681,447
80$33,489,803$10,320,593$7,173,115$29,219,411
81$36,862,533$10,783,073$7,370,185$32,010,259
82$40,577,921$11,266,852$7,572,495$35,079,580
83$44,670,873$11,772,933$7,780,178$38,455,568
84$49,179,858$12,302,362$7,993,370$42,169,281
85$54,147,264$12,856,239$8,212,209$46,254,942
86$59,619,805$13,435,714$8,436,838$50,750,251
87$65,648,954$14,041,993$8,667,401$55,696,749
88$72,291,437$14,676,340$8,904,048$61,140,203
89$79,609,761$15,340,078$9,146,931$67,131,040
90$87,672,808$16,034,594$9,396,205$73,724,819
91$96,556,487$16,761,341$9,652,030$80,982,759
92$106,344,443$17,521,842$9,914,568$88,972,311
93$117,128,856$18,317,692$10,183,986$97,767,794
94$129,011,304$19,150,563$10,460,453$107,451,098
95$142,103,723$20,022,206$10,744,144$118,112,454
96$156,529,466$20,934,458$11,035,237$129,851,282
97$172,424,467$21,889,242$11,333,913$142,777,133
98$189,938,522$22,888,574$11,640,358$157,010,718
99$209,236,703$23,934,566$11,954,762$172,685,046
100$230,500,919$25,029,432$12,277,319$189,946,679