Can I retire at age 58 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$842,306$834,804$827,484$820,339$813,362$795,315
2 years$416,983$409,217$401,691$394,394$387,315$369,227
3 years$275,228$267,428$259,921$252,692$245,729$228,164
4 years$204,364$196,588$189,156$182,050$175,256$158,350
5 years$161,856$154,127$146,793$139,832$133,227$117,027
6 years$133,527$125,857$118,630$111,825$105,418$89,942
7 years$113,300$105,694$98,582$91,937$85,733$70,983
8 years$98,137$90,599$83,606$77,124$71,124$57,095
9 years$86,349$78,883$72,009$65,692$59,896$46,578
10 years$76,925$69,532$62,779$56,628$51,035$38,413
11 years$69,219$61,900$55,270$49,283$43,892$31,949
12 years$62,802$55,558$49,051$43,228$38,036$26,754
13 years$57,377$50,208$43,824$38,164$33,168$22,527
14 years$52,730$45,638$39,376$33,877$29,075$19,053
15 years$48,707$41,691$35,551$30,213$25,600$16,175
16 years$45,190$38,251$32,232$27,052$22,625$13,774
17 years$42,090$35,227$29,330$24,306$20,061$11,759
18 years$39,337$32,552$26,775$21,905$17,837$10,061
19 years$36,878$30,169$24,511$19,793$15,899$8,624
20 years$34,667$28,034$22,495$17,926$14,201$7,403
21 years$32,669$26,113$20,691$16,269$12,708$6,364
22 years$30,855$24,375$19,070$14,792$11,391$5,477
23 years$29,201$22,798$17,608$13,472$10,225$4,718
24 years$27,688$21,360$16,284$12,287$9,191$4,067
25 years$26,297$20,045$15,082$11,221$8,270$3,509
26 years$25,016$18,839$13,988$10,260$7,450$3,029
27 years$23,831$17,730$12,989$9,391$6,716$2,616
28 years$22,734$16,707$12,075$8,604$6,060$2,261
29 years$21,713$15,761$11,237$7,890$5,472$1,954
30 years$20,763$14,885$10,467$7,241$4,945$1,690
31 years$19,875$14,071$9,758$6,651$4,470$1,462
32 years$19,045$13,314$9,104$6,112$4,044$1,265
33 years$18,267$12,609$8,501$5,621$3,660$1,094
34 years$17,536$11,950$7,943$5,172$3,313$947
35 years$16,848$11,334$7,426$4,761$3,001$820
36 years$16,200$10,758$6,947$4,384$2,719$710
37 years$15,588$10,218$6,502$4,040$2,464$615
38 years$15,010$9,710$6,089$3,723$2,234$532
39 years$14,463$9,234$5,704$3,433$2,026$461
40 years$13,945$8,785$5,347$3,167$1,838$399
41 years$13,453$8,363$5,014$2,922$1,667$346
42 years$12,986$7,964$4,703$2,696$1,513$300
43 years$12,542$7,588$4,413$2,489$1,373$259
44 years$12,119$7,233$4,142$2,298$1,246$225
45 years$11,716$6,898$3,890$2,122$1,131$195
46 years$11,332$6,580$3,653$1,961$1,027$169
47 years$10,965$6,279$3,432$1,811$933$146
48 years$10,615$5,994$3,225$1,674$847$127
49 years$10,279$5,724$3,032$1,547$769$110
50 years$9,959$5,468$2,850$1,430$699$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,200,000, adding $2,281 every year, while hoping to spend $57,522 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: 57/16/27 Blend
57$10,200,000$10,200,000$10,200,000$10,200,000
58$11,242,753$10,702,153$10,544,053$11,800,361
59$12,328,311$11,165,355$10,836,076$12,646,243
60$13,522,668$11,649,327$11,135,953$13,561,520
61$14,836,860$12,155,024$11,443,888$14,557,970
62$16,283,049$12,683,450$11,760,088$15,643,458
63$17,874,634$13,235,652$12,084,764$16,826,635
64$19,626,377$13,812,730$12,418,135$18,117,021
65$21,554,547$14,415,834$12,760,422$19,525,089
66$23,677,068$15,046,167$13,111,853$21,062,364
67$26,013,691$15,704,991$13,472,662$22,741,530
68$28,586,179$16,393,627$13,843,088$24,576,543
69$31,418,512$17,113,457$14,223,374$26,582,769
70$34,537,114$17,865,930$14,613,771$28,777,119
71$37,971,101$18,652,563$15,014,534$31,178,206
72$41,752,558$19,474,943$15,425,926$33,806,526
73$45,916,839$20,334,735$15,848,214$36,684,638
74$50,502,900$21,233,681$16,281,672$39,837,384
75$55,553,669$22,173,604$16,726,582$43,292,111
76$61,116,451$23,156,418$17,183,229$47,078,934
77$67,243,369$24,184,123$17,651,908$51,231,015
78$73,991,865$25,258,817$18,132,919$55,784,867
79$81,425,231$26,382,695$18,626,568$60,780,705
80$89,613,216$27,558,058$19,133,169$66,262,812
81$98,632,677$28,787,317$19,653,044$72,279,961
82$108,568,310$30,072,994$20,186,520$78,885,868
83$119,513,442$31,417,736$20,733,933$86,139,693
84$131,570,920$32,824,312$21,295,627$94,106,599
85$144,854,074$34,295,624$21,871,951$102,858,359
86$159,487,792$35,834,712$22,463,263$112,474,030
87$175,609,696$37,444,761$23,069,931$123,040,694
88$193,371,439$39,129,109$23,692,328$134,654,278
89$212,940,141$40,891,250$24,330,836$147,420,448
90$234,499,962$42,734,848$24,985,846$161,455,608
91$258,253,842$44,663,740$25,657,756$176,887,987
92$284,425,418$46,681,947$26,346,975$193,858,849
93$313,261,129$48,793,680$27,053,917$212,523,817
94$345,032,548$51,003,355$27,779,007$233,054,337
95$380,038,944$53,315,596$28,522,680$255,639,287
96$418,610,105$55,735,248$29,285,378$280,486,759
97$461,109,450$58,267,389$30,067,552$307,826,010
98$507,937,463$60,917,341$30,869,665$337,909,622
99$559,535,472$63,690,678$31,692,186$371,015,877
100$616,389,811$66,593,243$32,535,596$407,451,378