Can I retire at age 58 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$363,348$360,111$356,954$353,872$350,862$336,808
2 years$179,875$176,525$173,278$170,131$167,077$153,095
3 years$118,726$115,361$112,123$109,004$106,001$92,530
4 years$88,157$84,803$81,597$78,531$75,601$62,744
5 years$69,820$66,486$63,322$60,320$57,470$45,260
6 years$57,600$54,291$51,174$48,238$45,474$33,919
7 years$48,875$45,594$42,526$39,659$36,983$26,077
8 years$42,334$39,082$36,065$33,269$30,681$20,414
9 years$37,249$34,028$31,063$28,338$25,838$16,194
10 years$33,183$29,994$27,081$24,428$22,015$12,975
11 years$29,859$26,702$23,842$21,259$18,934$10,476
12 years$27,091$23,966$21,159$18,647$16,407$8,509
13 years$24,751$21,658$18,904$16,463$14,308$6,945
14 years$22,746$19,687$16,986$14,614$12,542$5,690
15 years$21,011$17,984$15,336$13,033$11,043$4,676
16 years$19,494$16,500$13,904$11,670$9,760$3,852
17 years$18,156$15,196$12,652$10,485$8,654$3,180
18 years$16,969$14,042$11,550$9,449$7,694$2,629
19 years$15,908$13,014$10,573$8,538$6,858$2,177
20 years$14,954$12,093$9,704$7,733$6,126$1,804
21 years$14,092$11,264$8,925$7,018$5,482$1,497
22 years$13,310$10,515$8,226$6,381$4,914$1,243
23 years$12,597$9,834$7,595$5,811$4,411$1,032
24 years$11,944$9,214$7,024$5,300$3,965$858
25 years$11,344$8,647$6,506$4,841$3,568$714
26 years$10,791$8,127$6,034$4,426$3,214$594
27 years$10,280$7,648$5,603$4,051$2,897$494
28 years$9,807$7,207$5,209$3,712$2,614$411
29 years$9,367$6,799$4,847$3,404$2,361$342
30 years$8,956$6,421$4,515$3,124$2,133$285
31 years$8,574$6,070$4,209$2,869$1,928$237
32 years$8,216$5,743$3,927$2,637$1,744$198
33 years$7,880$5,439$3,667$2,425$1,579$165
34 years$7,564$5,155$3,426$2,231$1,429$137
35 years$7,268$4,889$3,203$2,054$1,295$114
36 years$6,988$4,641$2,997$1,891$1,173$95
37 years$6,724$4,408$2,805$1,743$1,063$79
38 years$6,475$4,189$2,627$1,606$964$66
39 years$6,239$3,983$2,461$1,481$874$55
40 years$6,015$3,790$2,306$1,366$793$46
41 years$5,803$3,607$2,163$1,260$719$38
42 years$5,602$3,436$2,029$1,163$653$32
43 years$5,410$3,273$1,904$1,074$592$27
44 years$5,228$3,120$1,787$991$538$22
45 years$5,054$2,975$1,678$916$488$18
46 years$4,888$2,838$1,576$846$443$15
47 years$4,730$2,709$1,481$781$402$13
48 years$4,579$2,586$1,391$722$365$11
49 years$4,434$2,469$1,308$667$332$9
50 years$4,296$2,359$1,229$617$301$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $4,400,000, adding $5,872 every year, while hoping to spend $58,044 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: 44/34/22 Blend
57$4,400,000$4,400,000$4,400,000$4,400,000
58$4,854,857$4,621,657$4,553,457$5,037,285
59$5,288,294$4,786,360$4,644,239$5,331,508
60$5,763,996$4,957,188$4,736,118$5,644,118
61$6,286,213$5,134,379$4,829,067$5,981,800
62$6,859,627$5,318,184$4,923,061$6,346,906
63$7,489,393$5,508,859$5,018,068$6,742,023
64$8,181,194$5,706,676$5,114,055$7,169,993
65$8,941,286$5,911,913$5,210,987$7,633,942
66$9,776,565$6,124,865$5,308,822$8,137,309
67$10,694,625$6,345,833$5,407,518$8,683,876
68$11,703,833$6,575,136$5,507,027$9,277,801
69$12,813,410$6,813,103$5,607,297$9,923,662
70$14,033,510$7,060,077$5,708,274$10,626,492
71$15,375,324$7,316,417$5,809,898$11,391,832
72$16,851,181$7,582,495$5,912,103$12,225,777
73$18,474,663$7,858,700$6,014,821$13,135,038
74$20,260,738$8,145,435$6,117,976$14,126,999
75$22,225,895$8,443,123$6,221,490$15,209,786
76$24,388,302$8,752,202$6,325,276$16,392,349
77$26,767,979$9,073,130$6,429,242$17,684,534
78$29,386,983$9,406,384$6,533,292$19,097,187
79$32,269,619$9,752,460$6,637,321$20,642,246
80$35,442,666$10,111,876$6,741,217$22,332,855
81$38,935,632$10,485,173$6,844,863$24,183,487
82$42,781,033$10,872,912$6,948,132$26,210,082
83$47,014,694$11,275,681$7,050,890$28,430,188
84$51,676,093$11,694,090$7,152,995$30,863,135
85$56,808,731$12,128,777$7,254,297$33,530,209
86$62,460,541$12,580,406$7,354,635$36,454,850
87$68,684,341$13,049,671$7,453,841$39,662,881
88$75,538,333$13,537,294$7,551,733$43,182,737
89$83,086,650$14,044,028$7,648,123$47,045,742
90$91,399,962$14,570,660$7,742,809$51,286,398
91$100,556,145$15,118,008$7,835,580$55,942,709
92$110,641,009$15,686,928$7,926,209$61,056,538
93$121,749,116$16,278,312$8,014,461$66,673,998
94$133,984,666$16,893,089$8,100,086$72,845,891
95$147,462,482$17,532,230$8,182,818$79,628,179
96$162,309,093$18,196,748$8,262,381$87,082,510
97$178,663,930$18,887,698$8,338,480$95,276,803
98$196,680,639$19,606,183$8,410,807$104,285,880
99$216,528,531$20,353,353$8,479,036$114,192,174
100$238,394,182$21,130,408$8,542,825$125,086,502