Can I retire at age 58 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$867,080$859,357$851,821$844,466$837,285$831,311
2 years$429,248$421,253$413,506$405,993$398,707$392,684
3 years$283,323$275,294$267,565$260,124$252,956$247,069
4 years$210,374$202,370$194,719$187,405$180,410$174,706
5 years$166,617$158,661$151,110$143,945$137,145$131,639
6 years$137,455$129,558$122,119$115,114$108,518$103,218
7 years$116,633$108,803$101,482$94,641$88,254$83,162
8 years$101,023$93,264$86,065$79,392$73,216$68,332
9 years$88,889$81,203$74,127$67,625$61,658$56,981
10 years$79,187$71,577$64,626$58,293$52,536$48,063
11 years$71,255$63,720$56,896$50,732$45,183$40,911
12 years$64,649$57,192$50,493$44,499$39,154$35,081
13 years$59,064$51,685$45,113$39,286$34,143$30,263
14 years$54,281$46,980$40,534$34,874$29,930$26,238
15 years$50,139$42,917$36,597$31,101$26,353$22,844
16 years$46,519$39,376$33,180$27,848$23,290$19,960
17 years$43,328$36,264$30,193$25,021$20,651$17,493
18 years$40,494$33,509$27,562$22,549$18,362$15,371
19 years$37,962$31,056$25,232$20,375$16,366$13,537
20 years$35,686$28,859$23,156$18,453$14,619$11,945
21 years$33,630$26,881$21,299$16,748$13,082$10,558
22 years$31,762$25,092$19,631$15,227$11,726$9,346
23 years$30,060$23,468$18,125$13,868$10,526$8,284
24 years$28,502$21,988$16,763$12,648$9,461$7,350
25 years$27,071$20,635$15,526$11,551$8,514$6,529
26 years$25,752$19,393$14,399$10,562$7,669$5,804
27 years$24,532$18,251$13,371$9,668$6,914$5,164
28 years$23,402$17,198$12,430$8,858$6,239$4,597
29 years$22,352$16,225$11,567$8,123$5,633$4,096
30 years$21,373$15,322$10,775$7,454$5,090$3,651
31 years$20,460$14,485$10,045$6,846$4,602$3,255
32 years$19,605$13,706$9,372$6,292$4,163$2,904
33 years$18,804$12,979$8,751$5,786$3,767$2,592
34 years$18,051$12,301$8,176$5,324$3,411$2,314
35 years$17,344$11,668$7,644$4,901$3,089$2,066
36 years$16,676$11,074$7,151$4,513$2,799$1,846
37 years$16,047$10,518$6,693$4,158$2,537$1,649
38 years$15,452$9,996$6,268$3,833$2,300$1,474
39 years$14,889$9,505$5,872$3,534$2,086$1,317
40 years$14,355$9,043$5,504$3,260$1,892$1,178
41 years$13,849$8,608$5,161$3,008$1,716$1,053
42 years$13,368$8,198$4,841$2,776$1,557$942
43 years$12,911$7,811$4,543$2,562$1,413$842
44 years$12,475$7,446$4,264$2,366$1,283$753
45 years$12,061$7,100$4,004$2,185$1,165$674
46 years$11,665$6,773$3,761$2,018$1,057$603
47 years$11,288$6,464$3,533$1,865$960$539
48 years$10,927$6,171$3,320$1,723$872$483
49 years$10,582$5,893$3,121$1,592$792$432
50 years$10,252$5,629$2,934$1,472$719$386

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,500,000, adding $4,748 every year, while hoping to spend $32,542 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: 47/26/27 Blend
57$10,500,000$10,500,000$10,500,000$10,500,000
58$11,575,898$11,019,398$10,856,648$12,030,203
59$12,722,015$11,524,724$11,185,721$12,856,227
60$13,983,945$12,053,720$11,524,727$13,748,784
61$15,373,467$12,607,512$11,873,966$14,717,046
62$16,903,560$13,187,280$12,233,743$15,768,143
63$18,588,526$13,794,259$12,604,376$16,909,908
64$20,444,123$14,429,745$12,986,190$18,150,948
65$22,487,718$15,095,097$13,379,521$19,500,722
66$24,738,445$15,791,737$13,784,716$20,969,624
67$27,217,392$16,521,157$14,202,129$22,569,083
68$29,947,793$17,284,921$14,632,127$24,311,663
69$32,955,254$18,084,668$15,075,089$26,211,177
70$36,267,988$18,922,115$15,531,403$28,282,815
71$39,917,087$19,799,062$16,001,469$30,543,285
72$43,936,812$20,717,398$16,485,700$33,010,961
73$48,364,916$21,679,100$16,984,521$35,706,055
74$53,243,003$22,686,242$17,498,368$38,650,803
75$58,616,918$23,740,997$18,027,692$41,869,669
76$64,537,182$24,845,643$18,572,957$45,389,570
77$71,059,464$26,002,570$19,134,641$49,240,125
78$78,245,113$27,214,279$19,713,235$53,453,928
79$86,161,732$28,483,396$20,309,246$58,066,852
80$94,883,818$29,812,672$20,923,196$63,118,377
81$104,493,465$31,204,991$21,555,620$68,651,959
82$115,081,139$32,663,375$22,207,073$74,715,434
83$126,746,529$34,190,995$22,878,124$81,361,457
84$139,599,493$35,791,171$23,569,360$88,647,999
85$153,761,091$37,467,389$24,281,383$96,638,881
86$169,364,729$39,223,298$25,014,816$105,404,367
87$186,557,419$41,062,726$25,770,300$115,021,824
88$205,501,164$42,989,688$26,548,493$125,576,439
89$226,374,489$45,008,390$27,350,074$137,162,014
90$249,374,129$47,123,243$28,175,744$149,881,844
91$274,716,879$49,338,870$29,026,220$163,849,678
92$302,641,647$51,660,122$29,902,245$179,190,786
93$333,411,706$54,092,079$30,804,581$196,043,127
94$367,317,181$56,640,071$31,734,016$214,558,640
95$404,677,785$59,309,686$32,691,356$234,904,669
96$445,845,839$62,106,781$33,677,437$257,265,523
97$491,209,599$65,037,498$34,693,115$281,844,212
98$541,196,918$68,108,275$35,739,275$308,864,341
99$596,279,288$71,325,864$36,816,824$338,572,209
100$656,976,288$74,697,345$37,926,701$371,239,119