Can I retire at age 58 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$371,606$368,296$365,066$361,914$358,836$352,892
2 years$183,963$180,537$177,217$173,997$170,874$164,903
3 years$121,424$117,983$114,671$111,482$108,410$102,597
4 years$90,160$86,730$83,451$80,316$77,319$71,709
5 years$71,407$67,997$64,761$61,691$58,776$53,387
6 years$58,909$55,525$52,337$49,334$46,508$41,344
7 years$49,985$46,630$43,492$40,561$37,823$32,887
8 years$43,296$39,970$36,885$34,025$31,378$26,668
9 years$38,095$34,801$31,769$28,982$26,425$21,939
10 years$33,937$30,676$27,697$24,983$22,515$18,249
11 years$30,538$27,309$24,384$21,742$19,364$15,313
12 years$27,707$24,511$21,640$19,071$16,780$12,940
13 years$25,313$22,151$19,334$16,837$14,633$10,997
14 years$23,263$20,134$17,372$14,946$12,827$9,390
15 years$21,488$18,393$15,684$13,329$11,294$8,049
16 years$19,937$16,875$14,220$11,935$9,982$6,922
17 years$18,569$15,542$12,940$10,723$8,850$5,969
18 years$17,355$14,361$11,812$9,664$7,869$5,160
19 years$16,270$13,310$10,814$8,732$7,014$4,469
20 years$15,294$12,368$9,924$7,909$6,265$3,877
21 years$14,413$11,520$9,128$7,178$5,607$3,368
22 years$13,612$10,754$8,413$6,526$5,026$2,930
23 years$12,883$10,058$7,768$5,943$4,511$2,552
24 years$12,215$9,424$7,184$5,421$4,055$2,224
25 years$11,602$8,844$6,654$4,951$3,649$1,940
26 years$11,036$8,311$6,171$4,527$3,287$1,694
27 years$10,514$7,822$5,731$4,143$2,963$1,480
28 years$10,030$7,371$5,327$3,796$2,674$1,293
29 years$9,579$6,953$4,957$3,481$2,414$1,131
30 years$9,160$6,567$4,618$3,195$2,181$989
31 years$8,769$6,208$4,305$2,934$1,972$865
32 years$8,402$5,874$4,017$2,697$1,784$758
33 years$8,059$5,563$3,750$2,480$1,615$663
34 years$7,736$5,272$3,504$2,282$1,462$581
35 years$7,433$5,000$3,276$2,100$1,324$509
36 years$7,147$4,746$3,065$1,934$1,200$446
37 years$6,877$4,508$2,868$1,782$1,087$391
38 years$6,622$4,284$2,686$1,643$986$342
39 years$6,381$4,074$2,517$1,515$894$300
40 years$6,152$3,876$2,359$1,397$811$263
41 years$5,935$3,689$2,212$1,289$736$231
42 years$5,729$3,514$2,075$1,190$667$202
43 years$5,533$3,348$1,947$1,098$606$177
44 years$5,347$3,191$1,828$1,014$550$155
45 years$5,169$3,043$1,716$936$499$136
46 years$4,999$2,903$1,612$865$453$119
47 years$4,838$2,770$1,514$799$412$105
48 years$4,683$2,645$1,423$738$374$92
49 years$4,535$2,525$1,337$682$339$81
50 years$4,394$2,412$1,257$631$308$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $4,500,000, adding $2,003 every year, while hoping to spend $32,289 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: 42/50/8 Blend
57$4,500,000$4,500,000$4,500,000$4,500,000
58$4,961,066$4,722,566$4,652,816$5,157,716
59$5,432,740$4,919,617$4,774,330$5,491,975
60$5,951,442$5,125,240$4,898,833$5,850,271
61$6,521,935$5,339,823$5,026,390$6,237,491
62$7,149,467$5,563,770$5,157,069$6,656,283
63$7,839,820$5,797,501$5,290,938$7,109,550
64$8,599,364$6,041,461$5,428,066$7,600,477
65$9,435,117$6,296,111$5,568,525$8,132,563
66$10,354,814$6,561,935$5,712,385$8,709,646
67$11,366,975$6,839,440$5,859,720$9,335,942
68$12,480,989$7,129,156$6,010,604$10,016,080
69$13,707,203$7,431,637$6,165,112$10,755,147
70$15,057,015$7,747,464$6,323,320$11,558,729
71$16,542,985$8,077,245$6,485,306$12,432,965
72$18,178,954$8,421,614$6,651,148$13,384,601
73$19,980,172$8,781,239$6,820,927$14,421,050
74$21,963,444$9,156,814$6,994,722$15,550,463
75$24,147,287$9,549,069$7,172,617$16,781,800
76$26,552,104$9,958,767$7,354,693$18,124,910
77$29,200,378$10,386,707$7,541,036$19,590,628
78$32,116,886$10,833,724$7,731,729$21,190,864
79$35,328,926$11,300,695$7,926,860$22,938,721
80$38,866,583$11,788,535$8,126,516$24,848,610
81$42,763,004$12,298,203$8,330,784$26,936,385
82$47,054,720$12,830,704$8,539,755$29,219,487
83$51,781,982$13,387,089$8,753,517$31,717,105
84$56,989,147$13,968,459$8,972,163$34,450,355
85$62,725,093$14,575,966$9,195,783$37,442,471
86$69,043,681$15,210,818$9,424,470$40,719,024
87$76,004,265$15,874,276$9,658,319$44,308,154
88$83,672,250$16,567,666$9,897,422$48,240,837
89$92,119,709$17,292,371$10,141,876$52,551,164
90$101,426,065$18,049,843$10,391,774$57,276,666
91$111,678,839$18,841,600$10,647,214$62,458,654
92$122,974,476$19,669,234$10,908,291$68,142,612
93$135,419,256$20,534,411$11,175,103$74,378,610
94$149,130,298$21,438,875$11,447,746$81,221,779
95$164,236,662$22,384,453$11,726,319$88,732,821
96$180,880,570$23,373,060$12,010,919$96,978,574
97$199,218,747$24,406,698$12,301,644$106,032,635
98$219,423,902$25,487,469$12,598,591$115,976,051
99$241,686,354$26,617,570$12,901,859$126,898,071
100$266,215,836$27,799,304$13,211,544$138,896,982