Can I retire at age 58 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$825,791$818,435$811,258$804,254$797,414$785,174
2 years$408,807$401,194$393,815$386,660$379,721$367,419
3 years$269,831$262,184$254,824$247,737$240,911$228,929
4 years$200,356$192,733$185,447$178,481$171,819$160,251
5 years$158,683$151,105$143,914$137,090$130,614$119,493
6 years$130,909$123,389$116,304$109,632$103,351$92,688
7 years$111,079$103,622$96,649$90,135$84,052$73,852
8 years$96,213$88,823$81,966$75,612$69,729$59,991
9 years$84,656$77,336$70,598$64,404$58,722$49,440
10 years$75,417$68,168$61,549$55,517$50,034$41,201
11 years$67,862$60,686$54,186$48,317$43,031$34,638
12 years$61,571$54,469$48,089$42,380$37,290$29,327
13 years$56,251$49,224$42,964$37,415$32,517$24,973
14 years$51,696$44,743$38,604$33,213$28,505$21,366
15 years$47,752$40,874$34,854$29,620$25,098$18,352
16 years$44,304$37,501$31,600$26,522$22,181$15,816
17 years$41,265$34,537$28,755$23,830$19,668$13,668
18 years$38,566$31,914$26,250$21,475$17,487$11,840
19 years$36,155$29,577$24,030$19,405$15,587$10,277
20 years$33,987$27,484$22,054$17,575$13,923$8,936
21 years$32,028$25,601$20,285$15,950$12,459$7,781
22 years$30,250$23,897$18,696$14,502$11,168$6,785
23 years$28,629$22,351$17,262$13,208$10,025$5,922
24 years$27,145$20,941$15,965$12,046$9,011$5,174
25 years$25,782$19,652$14,787$11,001$8,108$4,524
26 years$24,525$18,470$13,714$10,059$7,304$3,959
27 years$23,364$17,382$12,734$9,207$6,585$3,467
28 years$22,288$16,379$11,838$8,436$5,942$3,037
29 years$21,288$15,452$11,017$7,736$5,365$2,662
30 years$20,356$14,593$10,262$7,099$4,848$2,335
31 years$19,486$13,795$9,567$6,520$4,383$2,048
32 years$18,672$13,053$8,926$5,992$3,965$1,797
33 years$17,909$12,361$8,334$5,510$3,588$1,577
34 years$17,192$11,716$7,787$5,070$3,248$1,385
35 years$16,518$11,112$7,280$4,667$2,942$1,216
36 years$15,882$10,547$6,810$4,298$2,666$1,068
37 years$15,283$10,017$6,374$3,960$2,416$938
38 years$14,716$9,520$5,969$3,650$2,190$824
39 years$14,180$9,053$5,593$3,366$1,986$724
40 years$13,672$8,613$5,242$3,105$1,802$637
41 years$13,189$8,199$4,915$2,864$1,635$559
42 years$12,731$7,808$4,611$2,643$1,483$492
43 years$12,296$7,439$4,327$2,440$1,346$432
44 years$11,881$7,091$4,061$2,253$1,222$380
45 years$11,486$6,762$3,813$2,081$1,109$334
46 years$11,110$6,451$3,582$1,922$1,007$294
47 years$10,750$6,156$3,365$1,776$914$258
48 years$10,406$5,877$3,162$1,641$830$227
49 years$10,078$5,612$2,972$1,516$754$200
50 years$9,763$5,361$2,794$1,402$685$176

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,000,000, adding $6,465 every year, while hoping to spend $45,053 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: 28/46/26 Blend
57$10,000,000$10,000,000$10,000,000$10,000,000
58$11,026,669$10,496,669$10,341,669$11,245,962
59$12,103,453$10,963,069$10,640,179$11,886,750
60$13,288,559$11,450,814$10,947,178$12,570,367
61$14,592,988$11,960,900$11,262,905$13,303,931
62$16,028,863$12,494,374$11,587,602$14,091,752
63$17,609,540$13,052,331$11,921,520$14,938,549
64$19,349,736$13,635,918$12,264,914$15,849,483
65$21,265,669$14,246,338$12,618,048$16,830,212
66$23,375,208$14,884,850$12,981,194$17,886,928
67$25,698,044$15,552,772$13,354,629$19,026,420
68$28,255,875$16,251,488$13,738,639$20,256,126
69$31,072,607$16,982,445$14,133,517$21,584,199
70$34,174,588$17,747,159$14,539,564$23,019,584
71$37,590,847$18,547,220$14,957,090$24,572,087
72$41,353,373$19,384,294$15,386,413$26,252,468
73$45,497,417$20,260,124$15,827,858$28,072,533
74$50,061,822$21,176,540$16,281,760$30,045,240
75$55,089,393$22,135,455$16,748,463$32,184,814
76$60,627,295$23,138,876$17,228,321$34,506,871
77$66,727,506$24,188,908$17,721,696$37,028,562
78$73,447,299$25,287,751$18,228,961$39,768,722
79$80,849,788$26,437,716$18,750,496$42,748,043
80$89,004,524$27,641,222$19,286,695$45,989,258
81$97,988,147$28,900,803$19,837,961$49,517,347
82$107,885,112$30,219,117$20,404,706$53,359,762
83$118,788,486$31,598,946$20,987,357$57,546,678
84$130,800,826$33,043,208$21,586,347$62,111,265
85$144,035,145$34,554,960$22,202,125$67,089,989
86$158,615,983$36,137,406$22,835,149$72,522,948
87$174,680,578$37,793,904$23,485,891$78,454,236
88$192,380,163$39,527,971$24,154,835$84,932,344
89$211,881,394$41,343,296$24,842,476$92,010,608
90$233,367,922$43,243,744$25,549,325$99,747,700
91$257,042,126$45,233,364$26,275,903$108,208,159
92$283,127,026$47,316,401$27,022,749$117,462,993
93$311,868,383$49,497,306$27,790,412$127,590,330
94$343,537,025$51,780,740$28,579,457$138,676,137
95$378,431,397$54,171,592$29,390,464$150,815,020
96$416,880,383$56,674,983$30,224,028$164,111,088
97$459,246,409$59,296,284$31,080,760$178,678,929
98$505,928,862$62,041,122$31,961,285$194,644,660
99$557,367,864$64,915,395$32,866,247$212,147,105
100$614,048,424$67,925,287$33,796,304$231,339,080