Can I retire at age 58 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$421,153$417,402$413,742$410,169$406,681$404,627
2 years$208,492$204,609$200,846$197,197$193,658$191,585
3 years$137,614$133,714$129,960$126,346$122,864$120,837
4 years$102,182$98,294$94,578$91,025$87,628$85,661
5 years$80,928$77,064$73,396$69,916$66,613$64,713
6 years$66,764$62,928$59,315$55,912$52,709$50,878
7 years$56,650$52,847$49,291$45,969$42,866$41,105
8 years$49,068$45,300$41,803$38,562$35,562$33,871
9 years$43,175$39,442$36,005$32,846$29,948$28,327
10 years$38,462$34,766$31,390$28,314$25,517$23,965
11 years$34,610$30,950$27,635$24,641$21,946$20,462
12 years$31,401$27,779$24,525$21,614$19,018$17,600
13 years$28,688$25,104$21,912$19,082$16,584$15,232
14 years$26,365$22,819$19,688$16,939$14,537$13,249
15 years$24,353$20,846$17,775$15,106$12,800$11,574
16 years$22,595$19,125$16,116$13,526$11,312$10,147
17 years$21,045$17,614$14,665$12,153$10,030$8,924
18 years$19,669$16,276$13,387$10,952$8,919$7,869
19 years$18,439$15,084$12,255$9,896$7,949$6,955
20 years$17,333$14,017$11,247$8,963$7,101$6,159
21 years$16,334$13,056$10,345$8,135$6,354$5,464
22 years$15,427$12,188$9,535$7,396$5,696$4,855
23 years$14,601$11,399$8,804$6,736$5,113$4,319
24 years$13,844$10,680$8,142$6,144$4,595$3,847
25 years$13,149$10,023$7,541$5,611$4,135$3,430
26 years$12,508$9,420$6,994$5,130$3,725$3,062
27 years$11,916$8,865$6,495$4,696$3,358$2,735
28 years$11,367$8,353$6,038$4,302$3,030$2,444
29 years$10,857$7,881$5,618$3,945$2,736$2,186
30 years$10,381$7,442$5,233$3,621$2,472$1,957
31 years$9,938$7,035$4,879$3,325$2,235$1,752
32 years$9,523$6,657$4,552$3,056$2,022$1,569
33 years$9,133$6,304$4,250$2,810$1,830$1,406
34 years$8,768$5,975$3,971$2,586$1,657$1,261
35 years$8,424$5,667$3,713$2,380$1,501$1,131
36 years$8,100$5,379$3,473$2,192$1,360$1,014
37 years$7,794$5,109$3,251$2,020$1,232$910
38 years$7,505$4,855$3,044$1,862$1,117$817
39 years$7,232$4,617$2,852$1,717$1,013$733
40 years$6,973$4,393$2,673$1,583$919$658
41 years$6,727$4,181$2,507$1,461$834$591
42 years$6,493$3,982$2,351$1,348$756$531
43 years$6,271$3,794$2,207$1,245$686$477
44 years$6,060$3,617$2,071$1,149$623$428
45 years$5,858$3,449$1,945$1,061$566$385
46 years$5,666$3,290$1,827$980$514$346
47 years$5,483$3,140$1,716$906$466$311
48 years$5,307$2,997$1,613$837$424$279
49 years$5,140$2,862$1,516$773$385$251
50 years$4,979$2,734$1,425$715$349$226

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $5,100,000, adding $4,944 every year, while hoping to spend $50,468 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: 37/37/26 Blend
57$5,100,000$5,100,000$5,100,000$5,100,000
58$5,625,300$5,355,000$5,275,950$5,789,467
59$6,145,383$5,563,697$5,398,996$6,119,388
60$6,716,823$5,780,929$5,524,474$6,470,528
61$7,344,805$6,007,061$5,652,410$6,848,840
62$8,035,041$6,242,474$5,782,832$7,256,810
63$8,793,826$6,487,565$5,915,767$7,697,165
64$9,628,091$6,742,751$6,051,241$8,172,900
65$10,545,477$7,008,465$6,189,277$8,687,306
66$11,554,398$7,285,163$6,329,900$9,243,997
67$12,664,127$7,573,317$6,473,133$9,846,943
68$13,884,882$7,873,423$6,618,996$10,500,508
69$15,227,917$8,185,997$6,767,510$11,209,488
70$16,705,635$8,511,582$6,918,692$11,979,155
71$18,331,701$8,850,741$7,072,560$12,815,304
72$20,121,171$9,204,064$7,229,128$13,724,309
73$22,090,637$9,572,169$7,388,409$14,713,175
74$24,258,377$9,955,700$7,550,416$15,789,611
75$26,644,532$10,355,331$7,715,156$16,962,092
76$29,271,298$10,771,765$7,882,637$18,239,943
77$32,163,127$11,205,739$8,052,862$19,633,422
78$35,346,967$11,658,021$8,225,834$21,153,815
79$38,852,510$12,129,416$8,401,552$22,813,542
80$42,712,473$12,620,765$8,580,010$24,626,267
81$46,962,908$13,132,945$8,761,203$26,607,030
82$51,643,540$13,666,875$8,945,120$28,772,381
83$56,798,145$14,223,516$9,131,745$31,140,540
84$62,474,960$14,803,872$9,321,062$33,731,559
85$68,727,136$15,408,992$9,513,049$36,567,513
86$75,613,247$16,039,975$9,707,678$39,672,703
87$83,197,832$16,697,969$9,904,920$43,073,882
88$91,552,015$17,384,173$10,104,738$46,800,506
89$100,754,166$18,099,843$10,307,093$50,885,007
90$110,890,648$18,846,292$10,511,937$55,363,096
91$122,056,626$19,624,893$10,719,220$60,274,096
92$134,356,972$20,437,082$10,928,883$65,661,307
93$147,907,245$21,284,362$11,140,863$71,572,415
94$162,834,792$22,168,302$11,355,089$78,059,935
95$179,279,939$23,090,548$11,571,483$85,181,701
96$197,397,326$24,052,818$11,789,961$93,001,411
97$217,357,357$25,056,910$12,010,429$101,589,218
98$239,347,815$26,104,706$12,232,785$111,022,393
99$263,575,630$27,198,174$12,456,921$121,386,044
100$290,268,833$28,339,374$12,682,718$132,773,916