Can I retire at age 58 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$834,049$826,619$819,371$812,296$805,388$783,693
2 years$412,895$405,206$397,753$390,527$383,518$361,816
3 years$272,529$264,806$257,372$250,214$243,320$222,289
4 years$202,360$194,661$187,301$180,265$173,538$153,341
5 years$160,269$152,616$145,353$138,461$131,921$112,613
6 years$132,218$124,623$117,467$110,728$104,384$85,984
7 years$112,190$104,658$97,616$91,036$84,892$67,401
8 years$97,175$89,711$82,786$76,368$70,426$53,834
9 years$85,503$78,110$71,303$65,048$59,309$43,601
10 years$76,171$68,850$62,164$56,072$50,534$35,691
11 years$68,540$61,293$54,728$48,800$43,461$29,459
12 years$62,186$55,013$48,570$42,804$37,663$24,476
13 years$56,814$49,716$43,394$37,789$32,843$20,444
14 years$52,213$45,190$38,990$33,545$28,790$17,150
15 years$48,229$41,282$35,202$29,917$25,349$14,437
16 years$44,747$37,876$31,916$26,787$22,403$12,189
17 years$41,677$34,882$29,042$24,068$19,864$10,316
18 years$38,952$32,233$26,512$21,690$17,662$8,749
19 years$36,516$29,873$24,270$19,599$15,743$7,432
20 years$34,327$27,759$22,274$17,750$14,062$6,323
21 years$32,348$25,857$20,488$16,110$12,584$5,385
22 years$30,552$24,136$18,883$14,647$11,280$4,591
23 years$28,915$22,574$17,435$13,340$10,125$3,918
24 years$27,416$21,151$16,124$12,167$9,101$3,346
25 years$26,039$19,849$14,934$11,111$8,189$2,859
26 years$24,771$18,655$13,851$10,159$7,377$2,444
27 years$23,598$17,556$12,862$9,299$6,651$2,091
28 years$22,511$16,543$11,957$8,520$6,001$1,789
29 years$21,500$15,607$11,127$7,813$5,419$1,531
30 years$20,559$14,739$10,364$7,170$4,896$1,311
31 years$19,680$13,933$9,662$6,586$4,427$1,123
32 years$18,858$13,183$9,015$6,052$4,004$962
33 years$18,088$12,485$8,417$5,566$3,624$824
34 years$17,364$11,833$7,865$5,121$3,281$706
35 years$16,683$11,223$7,353$4,714$2,972$605
36 years$16,041$10,653$6,878$4,341$2,692$519
37 years$15,436$10,117$6,438$4,000$2,440$445
38 years$14,863$9,615$6,029$3,687$2,212$381
39 years$14,322$9,143$5,649$3,400$2,006$327
40 years$13,808$8,699$5,294$3,136$1,820$280
41 years$13,321$8,281$4,964$2,893$1,651$240
42 years$12,859$7,886$4,657$2,670$1,498$206
43 years$12,419$7,514$4,370$2,465$1,360$177
44 years$12,000$7,162$4,102$2,276$1,234$151
45 years$11,601$6,830$3,851$2,102$1,120$130
46 years$11,221$6,515$3,617$1,941$1,017$111
47 years$10,858$6,218$3,398$1,794$924$95
48 years$10,511$5,936$3,194$1,657$839$82
49 years$10,179$5,668$3,002$1,532$762$70
50 years$9,861$5,415$2,822$1,416$692$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,100,000, adding $6,578 every year, while hoping to spend $39,425 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: 72/15/13 Blend
57$10,100,000$10,100,000$10,100,000$10,100,000
58$11,136,985$10,601,685$10,445,135$11,907,483
59$12,231,010$11,079,220$10,753,099$12,896,192
60$13,435,304$11,578,832$11,070,059$13,973,038
61$14,761,072$12,101,563$11,396,274$15,151,153
62$16,220,664$12,648,501$11,732,011$16,440,539
63$17,827,683$13,220,790$12,077,545$17,852,210
64$19,597,122$13,819,624$12,433,158$19,398,286
65$21,545,501$14,446,258$12,799,142$21,092,112
66$23,691,024$15,102,006$13,175,794$22,948,378
67$26,053,748$15,788,244$13,563,423$24,983,257
68$28,655,776$16,506,414$13,962,343$27,214,555
69$31,521,464$17,258,027$14,372,881$29,661,880
70$34,677,651$18,044,668$14,795,370$32,346,819
71$38,153,910$18,867,995$15,230,153$35,293,147
72$41,982,830$19,729,749$15,677,585$38,527,040
73$46,200,323$20,631,751$16,138,028$42,077,329
74$50,845,960$21,575,911$16,611,857$45,975,762
75$55,963,348$22,564,230$17,099,454$50,257,304
76$61,600,540$23,598,808$17,601,216$54,960,467
77$67,810,486$24,681,840$18,117,547$60,127,665
78$74,651,538$25,815,632$18,648,867$65,805,613
79$82,187,994$27,002,598$19,195,604$72,045,768
80$90,490,713$28,245,269$19,758,200$78,904,808
81$99,637,774$29,546,295$20,337,108$86,445,164
82$109,715,221$30,908,458$20,932,796$94,735,606
83$120,817,872$32,334,670$21,545,742$103,851,889
84$133,050,211$33,827,986$22,176,441$113,877,464
85$146,527,379$35,391,604$22,825,398$124,904,259
86$161,376,260$37,028,880$23,493,137$137,033,546
87$177,736,673$38,743,330$24,180,192$150,376,890
88$195,762,700$40,538,639$24,887,114$165,057,199
89$215,624,133$42,418,670$25,614,470$181,209,878
90$237,508,082$44,387,473$26,362,843$198,984,102
91$261,620,738$46,449,290$27,132,829$218,544,221
92$288,189,320$48,608,572$27,925,046$240,071,301
93$317,464,220$50,869,982$28,740,124$263,764,834
94$349,721,367$53,238,408$29,578,715$289,844,608
95$385,264,831$55,718,974$30,441,486$318,552,782
96$424,429,692$58,317,052$31,329,125$350,156,159
97$467,585,206$61,038,273$32,242,336$384,948,704
98$515,138,289$63,888,541$33,181,846$423,254,305
99$567,537,357$66,874,042$34,148,401$465,429,829
100$625,276,562$70,001,264$35,142,767$511,868,479