Can I retire at age 58 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$858,822$851,172$843,709$836,424$829,311$807,298
2 years$425,160$417,241$409,567$402,127$394,910$372,886
3 years$280,624$272,672$265,017$257,647$250,547$229,201
4 years$208,371$200,443$192,865$185,620$178,692$158,188
5 years$165,030$157,149$149,671$142,574$135,839$116,234
6 years$136,145$128,324$120,956$114,017$107,485$88,797
7 years$115,522$107,767$100,515$93,740$87,414$69,645
8 years$100,061$92,376$85,245$78,636$72,518$55,660
9 years$88,043$80,430$73,421$66,981$61,071$45,107
10 years$78,433$70,895$64,010$57,738$52,035$36,947
11 years$70,576$63,114$56,354$50,249$44,752$30,515
12 years$64,033$56,647$50,013$44,075$38,781$25,370
13 years$58,502$51,193$44,683$38,912$33,818$21,205
14 years$53,764$46,533$40,148$34,542$29,645$17,800
15 years$49,662$42,508$36,248$30,805$26,102$14,995
16 years$46,076$39,001$32,864$27,583$23,069$12,670
17 years$42,915$35,918$29,905$24,783$20,454$10,731
18 years$40,109$33,190$27,299$22,334$18,187$9,107
19 years$37,601$30,760$24,991$20,181$16,210$7,742
20 years$35,346$28,584$22,936$18,278$14,479$6,591
21 years$33,309$26,625$21,097$16,588$12,957$5,618
22 years$31,460$24,853$19,444$15,082$11,615$4,794
23 years$29,774$23,245$17,953$13,736$10,426$4,094
24 years$28,230$21,779$16,603$12,528$9,371$3,499
25 years$26,813$20,438$15,378$11,441$8,432$2,992
26 years$25,506$19,209$14,262$10,461$7,596$2,560
27 years$24,299$18,078$13,244$9,575$6,848$2,192
28 years$23,179$17,034$12,312$8,773$6,179$1,877
29 years$22,139$16,070$11,457$8,045$5,580$1,608
30 years$21,170$15,176$10,672$7,383$5,042$1,378
31 years$20,265$14,347$9,949$6,781$4,558$1,181
32 years$19,418$13,575$9,283$6,232$4,123$1,012
33 years$18,625$12,856$8,667$5,731$3,731$868
34 years$17,880$12,184$8,098$5,273$3,378$744
35 years$17,178$11,557$7,571$4,854$3,060$639
36 years$16,518$10,969$7,083$4,470$2,772$548
37 years$15,894$10,418$6,629$4,119$2,513$470
38 years$15,305$9,901$6,208$3,796$2,278$403
39 years$14,747$9,415$5,816$3,501$2,066$346
40 years$14,218$8,957$5,452$3,229$1,874$297
41 years$13,717$8,527$5,112$2,979$1,700$255
42 years$13,241$8,120$4,795$2,749$1,543$219
43 years$12,788$7,737$4,500$2,538$1,400$188
44 years$12,357$7,375$4,224$2,343$1,271$161
45 years$11,946$7,033$3,966$2,164$1,154$138
46 years$11,554$6,709$3,725$1,999$1,047$119
47 years$11,180$6,402$3,499$1,847$951$102
48 years$10,823$6,112$3,288$1,707$864$87
49 years$10,481$5,837$3,091$1,577$784$75
50 years$10,154$5,575$2,906$1,458$713$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,400,000, adding $5,778 every year, while hoping to spend $29,345 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: 45/45/10 Blend
57$10,400,000$10,400,000$10,400,000$10,400,000
58$11,466,760$10,915,560$10,754,360$11,950,095
59$12,605,147$11,419,200$11,083,408$12,789,022
60$13,858,665$11,946,534$11,422,496$13,694,685
61$15,239,028$12,498,693$11,771,929$14,676,040
62$16,759,142$13,076,862$12,132,021$15,740,079
63$18,433,228$13,682,281$12,503,097$16,894,474
64$20,276,957$14,316,253$12,885,491$18,147,645
65$22,307,597$14,980,141$13,279,546$19,508,836
66$24,544,179$15,675,374$13,685,617$20,988,193
67$27,007,670$16,403,452$14,104,070$22,596,862
68$29,721,176$17,165,946$14,535,281$24,347,080
69$32,710,160$17,964,501$14,979,637$26,252,292
70$36,002,680$18,800,844$15,437,537$28,327,268
71$39,629,652$19,676,785$15,909,394$30,588,237
72$43,625,150$20,594,220$16,395,631$33,053,033
73$48,026,715$21,555,138$16,896,686$35,741,260
74$52,875,723$22,561,622$17,413,007$38,674,463
75$58,217,763$23,615,857$17,945,059$41,876,332
76$64,103,075$24,720,135$18,493,319$45,372,911
77$70,587,023$25,876,856$19,058,280$49,192,838
78$77,730,615$27,088,538$19,640,448$53,367,610
79$85,601,080$28,357,819$20,240,345$57,931,863
80$94,272,505$29,687,466$20,858,511$62,923,700
81$103,826,527$31,080,379$21,495,498$68,385,032
82$114,353,115$32,539,599$22,151,879$74,361,967
83$125,951,407$34,068,314$22,828,241$80,905,235
84$138,730,655$35,669,865$23,525,192$88,070,654
85$152,811,250$37,347,757$24,243,354$95,919,644
86$168,325,863$39,105,663$24,983,372$104,519,798
87$185,420,695$40,947,434$25,745,909$113,945,503
88$204,256,855$42,877,108$26,531,646$124,278,631
89$225,011,886$44,898,918$27,341,288$135,609,296
90$247,881,437$47,017,303$28,175,560$148,036,689
91$273,081,109$49,236,917$29,035,207$161,670,003
92$300,848,495$51,562,639$29,920,999$176,629,443
93$331,445,417$53,999,583$30,833,728$193,047,342
94$365,160,402$56,553,115$31,774,210$211,069,398
95$402,311,403$59,228,858$32,743,286$230,856,025
96$443,248,803$62,032,709$33,741,823$252,583,852
97$488,358,719$64,970,850$34,770,712$276,447,366
98$538,066,650$68,049,763$35,830,873$302,660,725
99$592,841,494$71,276,247$36,923,252$331,459,764
100$653,199,971$74,657,428$38,048,826$363,104,190