Can I retire at age 58 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$875,338$867,541$859,934$852,509$845,259$823,822
2 years$433,336$425,265$417,444$409,860$402,504$381,046
3 years$286,021$277,916$270,114$262,601$255,365$234,557
4 years$212,378$204,297$196,574$189,189$182,129$162,131
5 years$168,204$160,172$152,549$145,316$138,451$119,319
6 years$138,764$130,792$123,282$116,210$109,552$91,304
7 years$117,743$109,839$102,448$95,543$89,095$71,733
8 years$101,985$94,152$86,884$80,148$73,913$57,429
9 years$89,736$81,977$74,833$68,269$62,245$46,625
10 years$79,942$72,258$65,241$58,848$53,036$38,261
11 years$71,933$64,327$57,438$51,216$45,613$31,662
12 years$65,265$57,737$50,974$44,923$39,527$26,375
13 years$59,627$52,177$45,542$39,660$34,468$22,090
14 years$54,798$47,428$40,920$35,206$30,215$18,581
15 years$50,617$43,326$36,945$31,398$26,603$15,686
16 years$46,962$39,751$33,496$28,113$23,512$13,282
17 years$43,741$36,609$30,480$25,259$20,848$11,274
18 years$40,880$33,828$27,824$22,764$18,537$9,589
19 years$38,324$31,352$25,472$20,569$16,522$8,170
20 years$36,026$29,134$23,377$18,629$14,758$6,972
21 years$33,950$27,137$21,502$16,907$13,207$5,956
22 years$32,065$25,331$19,818$15,373$11,838$5,094
23 years$30,346$23,692$18,298$14,000$10,626$4,361
24 years$28,773$22,198$16,923$12,769$9,551$3,736
25 years$27,328$20,831$15,674$11,661$8,595$3,203
26 years$25,997$19,578$14,537$10,662$7,742$2,747
27 years$24,766$18,425$13,499$9,760$6,980$2,357
28 years$23,625$17,362$12,549$8,942$6,298$2,024
29 years$22,565$16,379$11,678$8,200$5,687$1,738
30 years$21,577$15,468$10,877$7,525$5,139$1,493
31 years$20,655$14,623$10,141$6,912$4,646$1,283
32 years$19,792$13,836$9,461$6,352$4,202$1,102
33 years$18,983$13,103$8,834$5,841$3,803$948
34 years$18,223$12,419$8,254$5,374$3,443$815
35 years$17,509$11,779$7,717$4,947$3,119$700
36 years$16,835$11,180$7,219$4,556$2,826$602
37 years$16,200$10,618$6,757$4,198$2,561$518
38 years$15,599$10,091$6,328$3,869$2,322$446
39 years$15,031$9,596$5,928$3,568$2,106$383
40 years$14,492$9,130$5,556$3,291$1,910$330
41 years$13,981$8,690$5,210$3,036$1,733$284
42 years$13,495$8,277$4,887$2,802$1,572$244
43 years$13,034$7,886$4,586$2,587$1,427$210
44 years$12,594$7,517$4,305$2,388$1,295$181
45 years$12,176$7,168$4,042$2,206$1,176$155
46 years$11,776$6,838$3,796$2,037$1,068$134
47 years$11,395$6,526$3,567$1,882$969$115
48 years$11,031$6,230$3,352$1,739$880$99
49 years$10,683$5,949$3,150$1,607$800$85
50 years$10,349$5,683$2,962$1,486$726$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,600,000, adding $4,848 every year, while hoping to spend $37,242 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: 50/33/17 Blend
57$10,600,000$10,600,000$10,600,000$10,600,000
58$11,686,201$11,124,401$10,960,101$12,215,301
59$12,838,568$11,629,871$11,287,639$13,086,032
60$14,107,229$12,158,861$11,624,901$14,027,531
61$15,504,005$12,712,485$11,972,175$15,049,911
62$17,041,924$13,291,908$12,329,754$16,160,805
63$18,735,342$13,898,352$12,697,941$17,368,599
64$20,600,075$14,533,099$13,077,051$18,682,508
65$22,653,553$15,197,492$13,467,402$20,112,656
66$24,914,982$15,892,936$13,869,327$21,670,172
67$27,405,527$16,620,906$14,283,166$23,367,285
68$30,148,507$17,382,947$14,709,268$25,217,444
69$33,169,621$18,180,678$15,147,995$27,235,431
70$36,497,187$19,015,795$15,599,718$29,437,501
71$40,162,409$19,890,078$16,064,817$31,841,532
72$44,199,672$20,805,389$16,543,686$34,467,185
73$48,646,868$21,763,683$17,036,729$37,336,084
74$53,545,752$22,767,006$17,544,362$40,472,018
75$58,942,333$23,817,505$18,067,014$43,901,158
76$64,887,317$24,917,428$18,605,124$47,652,296
77$71,436,573$26,069,132$19,159,146$51,757,115
78$78,651,673$27,275,089$19,729,546$56,250,476
79$86,600,462$28,537,887$20,316,805$61,170,745
80$95,357,707$29,860,241$20,921,416$66,560,142
81$105,005,797$31,244,997$21,543,887$72,465,140
82$115,635,523$32,695,136$22,184,742$78,936,889
83$127,346,933$34,213,785$22,844,518$86,031,692
84$140,250,280$35,804,220$23,523,768$93,811,529
85$154,467,058$37,469,876$24,223,064$102,344,634
86$170,131,152$39,214,354$24,942,990$111,706,127
87$187,390,099$41,041,427$25,684,151$121,978,713
88$206,406,485$42,955,053$26,447,165$133,253,456
89$227,359,474$44,959,378$27,232,672$145,630,623
90$250,446,502$47,058,749$28,041,329$159,220,623
91$275,885,143$49,257,726$28,873,811$174,145,035
92$303,915,158$51,561,085$29,730,814$190,537,743
93$334,800,761$53,973,835$30,613,054$208,546,190
94$368,833,113$56,501,226$31,521,265$228,332,752
95$406,333,068$59,148,765$32,456,205$250,076,260
96$447,654,207$61,922,220$33,418,654$273,973,670
97$493,186,170$64,827,643$34,409,413$300,241,909
98$543,358,337$67,871,375$35,429,306$329,119,907
99$598,643,881$71,060,066$36,479,181$360,870,834
100$659,564,235$74,400,687$37,559,911$395,784,565