Can I retire at age 58 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$445,927$441,955$438,080$434,297$430,604$421,565
2 years$220,756$216,645$212,660$208,797$205,049$195,985
3 years$145,709$141,580$137,605$133,778$130,092$121,286
4 years$108,192$104,076$100,141$96,380$92,783$84,302
5 years$85,689$81,597$77,714$74,029$70,532$62,401
6 years$70,691$66,630$62,804$59,201$55,809$48,037
7 years$59,983$55,956$52,191$48,673$45,388$37,975
8 years$51,955$47,964$44,262$40,830$37,654$30,599
9 years$45,714$41,762$38,123$34,778$31,710$25,007
10 years$40,725$36,811$33,236$29,979$27,018$20,662
11 years$36,645$32,771$29,261$26,091$23,237$17,218
12 years$33,248$29,413$25,968$22,885$20,136$14,446
13 years$30,376$26,581$23,201$20,204$17,559$12,188
14 years$27,916$24,161$20,846$17,935$15,392$10,330
15 years$25,786$22,072$18,821$15,995$13,553$8,788
16 years$23,924$20,250$17,064$14,322$11,978$7,499
17 years$22,283$18,650$15,528$12,868$10,620$6,416
18 years$20,826$17,233$14,175$11,597$9,443$5,502
19 years$19,523$15,972$12,976$10,479$8,417$4,726
20 years$18,353$14,842$11,909$9,490$7,518$4,067
21 years$17,295$13,824$10,954$8,613$6,728$3,504
22 years$16,335$12,905$10,096$7,831$6,031$3,022
23 years$15,459$12,069$9,322$7,132$5,413$2,609
24 years$14,658$11,308$8,621$6,505$4,866$2,255
25 years$13,922$10,612$7,985$5,941$4,378$1,950
26 years$13,244$9,974$7,405$5,432$3,944$1,688
27 years$12,617$9,386$6,877$4,972$3,556$1,461
28 years$12,035$8,845$6,393$4,555$3,208$1,266
29 years$11,495$8,344$5,949$4,177$2,897$1,097
30 years$10,992$7,880$5,541$3,834$2,618$951
31 years$10,522$7,449$5,166$3,521$2,367$824
32 years$10,083$7,049$4,820$3,236$2,141$715
33 years$9,671$6,675$4,500$2,976$1,937$620
34 years$9,284$6,326$4,205$2,738$1,754$538
35 years$8,920$6,001$3,931$2,520$1,589$467
36 years$8,576$5,695$3,678$2,321$1,440$405
37 years$8,253$5,409$3,442$2,139$1,305$352
38 years$7,947$5,141$3,223$1,971$1,183$306
39 years$7,657$4,888$3,020$1,818$1,073$265
40 years$7,383$4,651$2,831$1,676$973$230
41 years$7,122$4,427$2,654$1,547$883$200
42 years$6,875$4,216$2,490$1,427$801$174
43 years$6,640$4,017$2,336$1,318$727$151
44 years$6,416$3,829$2,193$1,217$660$131
45 years$6,203$3,652$2,059$1,124$599$114
46 years$5,999$3,484$1,934$1,038$544$99
47 years$5,805$3,324$1,817$959$494$86
48 years$5,619$3,174$1,707$886$448$75
49 years$5,442$3,031$1,605$819$407$65
50 years$5,272$2,895$1,509$757$370$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $5,400,000, adding $5,405 every year, while hoping to spend $45,838 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: 71/7/22 Blend
57$5,400,000$5,400,000$5,400,000$5,400,000
58$5,956,375$5,670,175$5,586,475$6,346,481
59$6,515,154$5,899,243$5,724,851$6,836,486
60$7,129,392$6,137,998$5,866,326$7,366,906
61$7,804,698$6,386,868$6,010,955$7,946,569
62$8,547,251$6,646,297$6,158,796$8,580,357
63$9,363,857$6,916,753$6,309,902$9,273,644
64$10,262,018$7,198,721$6,464,332$10,032,345
65$11,249,998$7,492,713$6,622,141$10,862,978
66$12,336,901$7,799,259$6,783,386$11,772,719
67$13,532,760$8,118,917$6,948,124$12,769,471
68$14,848,627$8,452,270$7,116,412$13,861,937
69$16,296,681$8,799,926$7,288,306$15,059,705
70$17,890,343$9,162,522$7,463,864$16,373,334
71$19,644,396$9,540,724$7,643,142$17,814,454
72$21,575,135$9,935,229$7,826,198$19,395,878
73$23,700,509$10,346,766$8,013,086$21,131,716
74$26,040,300$10,776,097$8,203,863$23,037,516
75$28,616,304$11,224,018$8,398,585$25,130,401
76$31,452,536$11,691,365$8,597,307$27,429,236
77$34,575,461$12,179,008$8,800,084$29,954,805
78$38,014,240$12,687,861$9,006,968$32,730,002
79$41,801,004$13,218,879$9,218,014$35,780,051
80$45,971,162$13,773,059$9,433,273$39,132,741
81$50,563,730$14,351,448$9,652,796$42,818,687
82$55,621,700$14,955,138$9,876,634$46,871,619
83$61,192,447$15,585,274$10,104,836$51,328,702
84$67,328,177$16,243,053$10,337,448$56,230,878
85$74,086,416$16,929,727$10,574,517$61,623,262
86$81,530,554$17,646,607$10,816,087$67,555,557
87$89,730,444$18,395,065$11,062,200$74,082,529
88$98,763,063$19,176,536$11,312,897$81,264,519
89$108,713,232$19,992,523$11,568,215$89,168,014
90$119,674,422$20,844,598$11,828,192$97,866,272
91$131,749,637$21,734,407$12,092,859$107,440,011
92$145,052,378$22,663,671$12,362,249$117,978,174
93$159,707,724$23,634,194$12,636,387$129,578,762
94$175,853,505$24,647,863$12,915,300$142,349,761
95$193,641,607$25,706,653$13,199,007$156,410,160
96$213,239,403$26,812,631$13,487,526$171,891,071
97$234,831,335$27,967,963$13,780,870$188,936,966
98$258,620,651$29,174,913$14,079,050$207,707,042
99$284,831,328$30,435,854$14,382,068$228,376,717
100$313,710,183$31,753,270$14,689,926$251,139,288