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%17.7%
1 years$850,564$842,988$835,596$828,381$821,336$795,682
2 years$421,071$413,229$405,629$398,260$391,113$365,495
3 years$277,926$270,050$262,469$255,169$248,138$223,360
4 years$206,367$198,515$191,010$183,835$176,974$153,226
5 years$163,443$155,638$148,232$141,203$134,533$111,879
6 years$134,836$127,090$119,793$112,921$106,451$84,911
7 years$114,411$106,730$99,549$92,839$86,573$66,144
8 years$99,099$91,488$84,425$77,880$71,821$52,490
9 years$87,196$79,656$72,715$66,337$60,484$42,230
10 years$77,679$70,213$63,395$57,183$51,535$34,331
11 years$69,898$62,507$55,812$49,766$44,322$28,137
12 years$63,418$56,103$49,532$43,652$38,408$23,208
13 years$57,939$50,700$44,253$38,538$33,493$19,241
14 years$53,247$46,085$39,762$34,210$29,360$16,019
15 years$49,184$42,100$35,900$30,509$25,851$13,381
16 years$45,633$38,626$32,548$27,317$22,847$11,208
17 years$42,503$35,573$29,618$24,544$20,258$9,410
18 years$39,723$32,871$27,037$22,120$18,012$7,916
19 years$37,239$30,464$24,751$19,987$16,055$6,669
20 years$35,006$28,309$22,715$18,102$14,340$5,626
21 years$32,989$26,369$20,894$16,429$12,833$4,751
22 years$31,157$24,614$19,257$14,937$11,503$4,016
23 years$29,487$23,021$17,780$13,604$10,326$3,398
24 years$27,959$21,569$16,444$12,407$9,281$2,876
25 years$26,555$20,242$15,230$11,331$8,351$2,436
26 years$25,261$19,024$14,125$10,361$7,523$2,065
27 years$24,065$17,904$13,116$9,483$6,782$1,750
28 years$22,956$16,871$12,193$8,689$6,120$1,484
29 years$21,926$15,916$11,347$7,968$5,526$1,259
30 years$20,966$15,031$10,569$7,312$4,993$1,068
31 years$20,070$14,209$9,854$6,716$4,514$907
32 years$19,232$13,444$9,194$6,172$4,083$770
33 years$18,446$12,732$8,584$5,676$3,696$653
34 years$17,708$12,067$8,020$5,222$3,346$555
35 years$17,013$11,446$7,499$4,807$3,030$471
36 years$16,359$10,863$7,015$4,427$2,746$400
37 years$15,741$10,318$6,566$4,079$2,489$340
38 years$15,158$9,806$6,148$3,760$2,256$288
39 years$14,605$9,324$5,760$3,467$2,046$245
40 years$14,082$8,871$5,399$3,198$1,856$208
41 years$13,585$8,445$5,063$2,950$1,684$177
42 years$13,113$8,042$4,749$2,723$1,528$150
43 years$12,665$7,663$4,456$2,513$1,386$128
44 years$12,238$7,304$4,183$2,321$1,258$108
45 years$11,831$6,965$3,928$2,143$1,142$92
46 years$11,443$6,644$3,689$1,980$1,037$78
47 years$11,073$6,341$3,466$1,829$942$66
48 years$10,719$6,053$3,257$1,690$855$56
49 years$10,380$5,780$3,061$1,562$777$48
50 years$10,056$5,522$2,878$1,444$706$41

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 $3,702 every year, while hoping to spend $25,373 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: 58/37/5 Blend
57$10,300,000$10,300,000$10,300,000$10,300,000
58$11,354,419$10,808,519$10,648,869$12,002,379
59$12,485,573$11,311,139$10,978,609$12,939,923
60$13,731,254$11,837,538$11,318,545$13,958,057
61$15,103,118$12,388,853$11,668,992$15,067,058
62$16,614,007$12,966,278$12,030,275$16,275,614
63$18,278,073$13,571,063$12,402,726$17,593,274
64$20,110,911$14,204,520$12,786,693$19,030,532
65$22,129,706$14,868,024$13,182,529$20,598,924
66$24,353,394$15,563,014$13,590,601$22,311,131
67$26,802,841$16,291,003$14,011,287$24,181,096
68$29,501,041$17,053,573$14,444,976$26,224,151
69$32,473,335$17,852,385$14,892,070$28,457,157
70$35,747,642$18,689,179$15,352,981$30,898,658
71$39,354,733$19,565,780$15,828,137$33,569,049
72$43,328,513$20,484,101$16,317,977$36,490,768
73$47,706,345$21,446,146$16,822,954$39,688,498
74$52,529,405$22,454,019$17,343,535$43,189,394
75$57,843,062$23,509,924$17,880,201$47,023,339
76$63,697,315$24,616,171$18,433,449$51,223,210
77$70,147,261$25,775,184$19,003,790$55,825,192
78$77,253,616$26,989,502$19,591,750$60,869,103
79$85,083,285$28,261,788$20,197,875$66,398,770
80$93,710,000$29,594,836$20,822,724$72,462,430
81$103,215,009$30,991,571$21,466,874$79,113,182
82$113,687,846$32,455,064$22,130,920$86,409,474
83$125,227,177$33,988,533$22,815,477$94,415,649
84$137,941,730$35,595,352$23,521,176$103,202,546
85$151,951,321$37,279,058$24,248,669$112,848,152
86$167,387,985$39,043,362$24,998,629$123,438,334
87$184,397,224$40,892,151$25,771,748$135,067,636
88$203,139,379$42,829,505$26,568,740$147,840,161
89$223,791,143$44,859,699$27,390,340$161,870,543
90$246,547,232$46,987,215$28,237,308$177,285,015
91$271,622,217$49,216,756$29,110,426$194,222,588
92$299,252,556$51,553,251$30,010,498$212,836,352
93$329,698,823$54,001,867$30,938,356$233,294,903
94$363,248,169$56,568,024$31,894,857$255,783,926
95$400,217,030$59,257,405$32,880,882$280,507,924
96$440,954,118$62,075,968$33,897,343$307,692,140
97$485,843,709$65,029,962$34,945,175$337,584,663
98$535,309,275$68,125,938$36,025,346$370,458,752
99$589,817,479$71,370,766$37,138,853$406,615,396
100$649,882,579$74,771,651$38,286,722$446,386,139