Can I retire at age 58 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$850,564$842,988$835,596$828,381$821,336$792,195
2 years$421,071$413,229$405,629$398,260$391,113$362,063
3 years$277,926$270,050$262,469$255,169$248,138$220,094
4 years$206,367$198,515$191,010$183,835$176,974$150,150
5 years$163,443$155,638$148,232$141,203$134,533$108,999
6 years$134,836$127,090$119,793$112,921$106,451$82,227
7 years$114,411$106,730$99,549$92,839$86,573$63,653
8 years$99,099$91,488$84,425$77,880$71,821$50,186
9 years$87,196$79,656$72,715$66,337$60,484$40,105
10 years$77,679$70,213$63,395$57,183$51,535$32,379
11 years$69,898$62,507$55,812$49,766$44,322$26,348
12 years$63,418$56,103$49,532$43,652$38,408$21,575
13 years$57,939$50,700$44,253$38,538$33,493$17,754
14 years$53,247$46,085$39,762$34,210$29,360$14,667
15 years$49,184$42,100$35,900$30,509$25,851$12,157
16 years$45,633$38,626$32,548$27,317$22,847$10,103
17 years$42,503$35,573$29,618$24,544$20,258$8,413
18 years$39,723$32,871$27,037$22,120$18,012$7,019
19 years$37,239$30,464$24,751$19,987$16,055$5,865
20 years$35,006$28,309$22,715$18,102$14,340$4,906
21 years$32,989$26,369$20,894$16,429$12,833$4,108
22 years$31,157$24,614$19,257$14,937$11,503$3,443
23 years$29,487$23,021$17,780$13,604$10,326$2,888
24 years$27,959$21,569$16,444$12,407$9,281$2,423
25 years$26,555$20,242$15,230$11,331$8,351$2,035
26 years$25,261$19,024$14,125$10,361$7,523$1,709
27 years$24,065$17,904$13,116$9,483$6,782$1,436
28 years$22,956$16,871$12,193$8,689$6,120$1,207
29 years$21,926$15,916$11,347$7,968$5,526$1,015
30 years$20,966$15,031$10,569$7,312$4,993$853
31 years$20,070$14,209$9,854$6,716$4,514$717
32 years$19,232$13,444$9,194$6,172$4,083$603
33 years$18,446$12,732$8,584$5,676$3,696$508
34 years$17,708$12,067$8,020$5,222$3,346$427
35 years$17,013$11,446$7,499$4,807$3,030$359
36 years$16,359$10,863$7,015$4,427$2,746$302
37 years$15,741$10,318$6,566$4,079$2,489$254
38 years$15,158$9,806$6,148$3,760$2,256$214
39 years$14,605$9,324$5,760$3,467$2,046$180
40 years$14,082$8,871$5,399$3,198$1,856$152
41 years$13,585$8,445$5,063$2,950$1,684$128
42 years$13,113$8,042$4,749$2,723$1,528$107
43 years$12,665$7,663$4,456$2,513$1,386$90
44 years$12,238$7,304$4,183$2,321$1,258$76
45 years$11,831$6,965$3,928$2,143$1,142$64
46 years$11,443$6,644$3,689$1,980$1,037$54
47 years$11,073$6,341$3,466$1,829$942$45
48 years$10,719$6,053$3,257$1,690$855$38
49 years$10,380$5,780$3,061$1,562$777$32
50 years$10,056$5,522$2,878$1,444$706$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,300,000, adding $6,656 every year, while hoping to spend $56,502 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: 48/32/20 Blend
57$10,300,000$10,300,000$10,300,000$10,300,000
58$11,357,466$10,811,566$10,651,916$11,838,133
59$12,455,809$11,281,215$10,948,637$12,642,875
60$13,664,291$11,771,983$11,253,405$13,509,985
61$14,994,084$12,284,845$11,566,429$14,450,391
62$16,457,500$12,820,823$11,887,925$15,470,994
63$18,068,107$13,380,985$12,218,113$16,579,374
64$19,840,853$13,966,452$12,557,218$17,783,861
65$21,792,206$14,578,395$12,905,471$19,093,608
66$23,940,317$15,218,042$13,263,110$20,518,676
67$26,305,182$15,886,679$13,630,377$22,070,125
68$28,908,837$16,585,652$14,007,521$23,760,114
69$31,775,561$17,316,371$14,394,795$25,602,013
70$34,932,108$18,080,314$14,792,461$27,610,522
71$38,407,960$18,879,026$15,200,785$29,801,811
72$42,235,601$19,714,127$15,620,041$32,193,663
73$46,450,827$20,587,314$16,050,507$34,805,640
74$51,093,083$21,500,364$16,492,471$37,659,263
75$56,205,834$22,455,138$16,946,225$40,778,208
76$61,836,975$23,453,586$17,412,069$44,188,527
77$68,039,283$24,497,749$17,890,310$47,918,886
78$74,870,918$25,589,767$18,381,264$52,000,832
79$82,395,966$26,731,879$18,885,250$56,469,083
80$90,685,047$27,926,434$19,402,599$61,361,851
81$99,815,983$29,175,890$19,933,647$66,721,195
82$109,874,527$30,482,823$20,478,738$72,593,411
83$120,955,178$31,849,931$21,038,225$79,029,465
84$133,162,070$33,280,040$21,612,469$86,085,462
85$146,609,952$34,776,114$22,201,838$93,823,172
86$161,425,277$36,341,253$22,806,709$102,310,602
87$177,747,390$37,978,709$23,427,469$111,622,631
88$195,729,846$39,691,888$24,064,511$121,841,709
89$215,541,857$41,484,357$24,718,239$133,058,624
90$237,369,892$43,359,856$25,389,065$145,373,351
91$261,419,433$45,322,301$26,077,411$158,895,985
92$287,916,919$47,375,798$26,783,708$173,747,768
93$317,111,878$49,524,645$27,508,396$190,062,228
94$349,279,287$51,773,351$28,251,925$207,986,422
95$384,722,165$54,126,636$29,014,755$227,682,314
96$423,774,433$56,589,448$29,797,356$249,328,295
97$466,804,066$59,166,972$30,600,209$273,120,848
98$514,216,568$61,864,641$31,423,803$299,276,395
99$566,458,798$64,688,148$32,268,640$328,033,320
100$624,023,188$67,643,459$33,135,232$359,654,210