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

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$883,596$875,725$868,047$860,552$853,233$831,257
2 years$437,424$429,277$421,382$413,727$406,301$384,308
3 years$288,719$280,537$272,662$265,079$257,774$236,450
4 years$214,381$206,225$198,428$190,974$183,847$163,357
5 years$169,790$161,683$153,988$146,687$139,757$120,158
6 years$140,073$132,026$124,445$117,306$110,585$91,895
7 years$118,854$110,875$103,415$96,444$89,935$72,157
8 years$102,948$95,041$87,704$80,905$74,610$57,735
9 years$90,582$82,750$75,539$68,913$62,833$46,845
10 years$80,696$72,940$65,857$59,403$53,536$38,418
11 years$72,612$64,934$57,979$51,699$46,043$31,771
12 years$65,881$58,281$51,455$45,347$39,900$26,449
13 years$60,189$52,669$45,972$40,034$34,794$22,136
14 years$55,315$47,875$41,306$35,538$30,500$18,608
15 years$51,094$43,735$37,294$31,694$26,854$15,698
16 years$47,405$40,126$33,812$28,378$23,734$13,282
17 years$44,153$36,954$30,768$25,498$21,044$11,266
18 years$41,266$34,147$28,087$22,979$18,712$9,575
19 years$38,685$31,648$25,712$20,763$16,678$8,152
20 years$36,366$29,408$23,597$18,805$14,897$6,951
21 years$34,270$27,393$21,705$17,067$13,331$5,934
22 years$32,367$25,570$20,005$15,518$11,950$5,071
23 years$30,633$23,915$18,471$14,132$10,727$4,338
24 years$29,045$22,407$17,082$12,889$9,641$3,713
25 years$27,586$21,028$15,822$11,771$8,676$3,181
26 years$26,242$19,763$14,674$10,763$7,815$2,726
27 years$25,000$18,599$13,626$9,852$7,046$2,337
28 years$23,848$17,526$12,667$9,026$6,357$2,005
29 years$22,778$16,534$11,788$8,277$5,741$1,720
30 years$21,781$15,614$10,980$7,596$5,187$1,477
31 years$20,850$14,761$10,236$6,977$4,690$1,268
32 years$19,979$13,967$9,551$6,412$4,242$1,089
33 years$19,162$13,227$8,917$5,896$3,839$935
34 years$18,395$12,536$8,332$5,425$3,476$803
35 years$17,674$11,890$7,790$4,994$3,148$690
36 years$16,994$11,285$7,287$4,599$2,852$593
37 years$16,353$10,718$6,821$4,238$2,585$509
38 years$15,746$10,186$6,387$3,906$2,344$438
39 years$15,172$9,686$5,984$3,602$2,125$376
40 years$14,629$9,216$5,609$3,322$1,928$323
41 years$14,113$8,772$5,259$3,065$1,749$278
42 years$13,623$8,355$4,933$2,828$1,587$239
43 years$13,157$7,960$4,629$2,611$1,440$205
44 years$12,713$7,588$4,345$2,411$1,307$177
45 years$12,290$7,236$4,080$2,226$1,187$152
46 years$11,887$6,903$3,832$2,057$1,078$131
47 years$11,503$6,587$3,600$1,900$979$112
48 years$11,135$6,288$3,383$1,756$889$96
49 years$10,783$6,005$3,180$1,623$807$83
50 years$10,447$5,736$2,990$1,500$733$71

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 $2,431 every year, while hoping to spend $58,810 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: 45/33/22 Blend
57$10,700,000$10,700,000$10,700,000$10,700,000
58$11,793,908$11,226,808$11,060,958$12,249,739
59$12,934,313$11,714,348$11,368,926$13,058,579
60$14,189,068$12,223,806$11,685,241$13,929,229
61$15,569,776$12,756,195$12,010,119$14,872,228
62$17,089,218$13,312,574$12,343,783$15,894,332
63$18,761,480$13,894,052$12,686,462$17,002,962
64$20,602,082$14,501,791$13,038,389$18,206,270
65$22,628,123$15,137,008$13,399,804$19,513,211
66$24,858,446$15,800,976$13,770,952$20,933,627
67$27,313,813$16,495,029$14,152,084$22,478,332
68$30,017,102$17,220,565$14,543,459$24,159,214
69$32,993,520$17,979,047$14,945,338$25,989,340
70$36,270,845$18,772,007$15,357,993$27,983,076
71$39,879,685$19,601,049$15,781,700$30,156,220
72$43,853,767$20,467,854$16,216,741$32,526,143
73$48,230,255$21,374,183$16,663,406$35,111,950
74$53,050,102$22,321,879$17,121,991$37,934,657
75$58,358,435$23,312,874$17,592,800$41,017,377
76$64,204,981$24,349,190$18,076,144$44,385,544
77$70,644,535$25,432,946$18,572,341$48,067,134
78$77,737,478$26,566,361$19,081,715$52,092,935
79$85,550,349$27,751,761$19,604,601$56,496,823
80$94,156,468$28,991,580$20,141,338$61,316,077
81$103,636,629$30,288,369$20,692,275$66,591,728
82$114,079,868$31,644,802$21,257,768$72,368,934
83$125,584,295$33,063,677$21,838,184$78,697,400
84$138,258,024$34,547,929$22,433,894$85,631,840
85$152,220,194$36,100,628$23,045,281$93,232,486
86$167,602,090$37,724,995$23,672,734$101,565,646
87$184,548,386$39,424,403$24,316,653$110,704,322
88$203,218,506$41,202,384$24,977,446$120,728,889
89$223,788,134$43,062,641$25,655,531$131,727,846
90$246,450,867$45,009,053$26,351,334$143,798,636
91$271,420,042$47,045,684$27,065,291$157,048,561
92$298,930,756$49,176,792$27,797,848$171,595,781
93$329,242,078$51,406,840$28,549,460$187,570,416
94$362,639,497$53,740,502$29,320,594$205,115,765
95$399,437,616$56,182,677$30,111,725$224,389,644
96$439,983,124$58,738,499$30,923,338$245,565,865
97$484,658,063$61,413,346$31,755,931$268,835,858
98$533,883,442$64,212,856$32,610,011$294,410,466
99$588,123,202$67,142,935$33,486,095$322,521,922
100$647,888,602$70,209,773$34,384,713$353,426,024