Can I retire at age 58 with 10,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$883,596$875,725$868,047$860,552$853,233$841,525
2 years$437,424$429,277$421,382$413,727$406,301$394,526
3 years$288,719$280,537$272,662$265,079$257,774$246,298
4 years$214,381$206,225$198,428$190,974$183,847$172,758
5 years$169,790$161,683$153,988$146,687$139,757$129,089
6 years$140,073$132,026$124,445$117,306$110,585$100,349
7 years$118,854$110,875$103,415$96,444$89,935$80,135
8 years$102,948$95,041$87,704$80,905$74,610$65,245
9 years$90,582$82,750$75,539$68,913$62,833$53,897
10 years$80,696$72,940$65,857$59,403$53,536$45,025
11 years$72,612$64,934$57,979$51,699$46,043$37,948
12 years$65,881$58,281$51,455$45,347$39,900$32,211
13 years$60,189$52,669$45,972$40,034$34,794$27,501
14 years$55,315$47,875$41,306$35,538$30,500$23,592
15 years$51,094$43,735$37,294$31,694$26,854$20,320
16 years$47,405$40,126$33,812$28,378$23,734$17,560
17 years$44,153$36,954$30,768$25,498$21,044$15,219
18 years$41,266$34,147$28,087$22,979$18,712$13,221
19 years$38,685$31,648$25,712$20,763$16,678$11,510
20 years$36,366$29,408$23,597$18,805$14,897$10,037
21 years$34,270$27,393$21,705$17,067$13,331$8,767
22 years$32,367$25,570$20,005$15,518$11,950$7,667
23 years$30,633$23,915$18,471$14,132$10,727$6,713
24 years$29,045$22,407$17,082$12,889$9,641$5,884
25 years$27,586$21,028$15,822$11,771$8,676$5,161
26 years$26,242$19,763$14,674$10,763$7,815$4,531
27 years$25,000$18,599$13,626$9,852$7,046$3,980
28 years$23,848$17,526$12,667$9,026$6,357$3,498
29 years$22,778$16,534$11,788$8,277$5,741$3,076
30 years$21,781$15,614$10,980$7,596$5,187$2,706
31 years$20,850$14,761$10,236$6,977$4,690$2,382
32 years$19,979$13,967$9,551$6,412$4,242$2,097
33 years$19,162$13,227$8,917$5,896$3,839$1,847
34 years$18,395$12,536$8,332$5,425$3,476$1,627
35 years$17,674$11,890$7,790$4,994$3,148$1,434
36 years$16,994$11,285$7,287$4,599$2,852$1,263
37 years$16,353$10,718$6,821$4,238$2,585$1,114
38 years$15,746$10,186$6,387$3,906$2,344$982
39 years$15,172$9,686$5,984$3,602$2,125$866
40 years$14,629$9,216$5,609$3,322$1,928$763
41 years$14,113$8,772$5,259$3,065$1,749$673
42 years$13,623$8,355$4,933$2,828$1,587$594
43 years$13,157$7,960$4,629$2,611$1,440$524
44 years$12,713$7,588$4,345$2,411$1,307$462
45 years$12,290$7,236$4,080$2,226$1,187$408
46 years$11,887$6,903$3,832$2,057$1,078$360
47 years$11,503$6,587$3,600$1,900$979$317
48 years$11,135$6,288$3,383$1,756$889$280
49 years$10,783$6,005$3,180$1,623$807$247
50 years$10,447$5,736$2,990$1,500$733$218

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,700,000, adding $3,128 every year, while hoping to spend $28,493 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: 49/25/26 Blend
57$10,700,000$10,700,000$10,700,000$10,700,000
58$11,794,627$11,227,527$11,061,677$12,285,435
59$12,967,362$11,747,359$11,401,926$13,148,823
60$14,258,762$12,291,708$11,752,620$14,083,211
61$15,680,899$12,861,746$12,114,076$15,097,826
62$17,247,078$13,458,699$12,486,625$16,200,263
63$18,971,960$14,083,855$12,870,607$17,398,865
64$20,871,698$14,738,562$13,266,370$18,702,805
65$22,964,095$15,424,235$13,674,277$20,122,163
66$25,268,765$16,142,355$14,094,698$21,668,019
67$27,807,326$16,894,477$14,528,017$23,352,556
68$30,603,596$17,682,229$14,974,628$25,189,170
69$33,683,823$18,507,318$15,434,938$27,192,590
70$37,076,930$19,371,535$15,909,367$29,379,017
71$40,814,792$20,276,755$16,398,345$31,766,270
72$44,932,530$21,224,945$16,902,319$34,373,950
73$49,468,848$22,218,167$17,421,747$37,223,620
74$54,466,396$23,258,583$17,957,101$40,339,005
75$59,972,174$24,348,459$18,508,869$43,746,208
76$66,037,972$25,490,170$19,077,553$47,473,954
77$72,720,864$26,686,207$19,663,670$51,553,853
78$80,083,742$27,939,181$20,267,752$56,020,694
79$88,195,912$29,251,829$20,890,350$60,912,766
80$97,133,748$30,627,021$21,532,030$66,272,214
81$106,981,411$32,067,766$22,193,373$72,145,430
82$117,831,646$33,577,218$22,874,983$78,583,483
83$129,786,657$35,158,685$23,577,478$85,642,595
84$142,959,068$36,815,633$24,301,496$93,384,662
85$157,472,992$38,551,698$25,047,695$101,877,832
86$173,465,198$40,370,691$25,816,753$111,197,139
87$191,086,402$42,276,609$26,609,367$121,425,204
88$210,502,692$44,273,640$27,426,259$132,653,003
89$231,897,098$46,366,179$28,268,170$144,980,718
90$255,471,311$48,558,831$29,135,862$158,518,674
91$281,447,596$50,856,426$30,030,125$173,388,368
92$310,070,886$53,264,026$30,951,770$189,723,603
93$341,611,094$55,786,941$31,901,632$207,671,745
94$376,365,662$58,430,737$32,880,573$227,395,098
95$414,662,369$61,201,252$33,889,481$249,072,425
96$456,862,423$64,104,606$34,929,271$272,900,624
97$503,363,874$67,147,215$36,000,885$299,096,568
98$554,605,369$70,335,810$37,105,296$327,899,146
99$611,070,297$73,677,444$38,243,503$359,571,496
100$673,291,345$77,179,516$39,416,538$394,403,476