Can I retire at age 58 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$891,854$883,910$876,159$868,594$861,207$841,071
2 years$441,512$433,289$425,320$417,593$410,099$389,926
3 years$291,417$283,159$275,210$267,556$260,183$240,605
4 years$216,385$208,152$200,283$192,759$185,565$166,731
5 years$171,377$163,194$155,427$148,057$141,064$123,027
6 years$141,382$133,260$125,608$118,403$111,619$94,399
7 years$119,965$111,911$104,381$97,345$90,776$74,374
8 years$103,910$95,929$88,524$81,661$75,307$59,718
9 years$91,429$83,523$76,245$69,557$63,420$48,630
10 years$81,450$73,622$66,472$59,959$54,037$40,031
11 years$73,291$65,541$58,521$52,182$46,473$33,232
12 years$66,496$58,826$51,936$45,771$40,273$27,774
13 years$60,752$53,162$46,401$40,409$35,119$23,339
14 years$55,832$48,322$41,692$35,870$30,785$19,699
15 years$51,572$44,143$37,642$31,990$27,105$16,689
16 years$47,848$40,501$34,128$28,644$23,956$14,181
17 years$44,566$37,300$31,055$25,736$21,241$12,080
18 years$41,651$34,467$28,349$23,193$18,886$10,313
19 years$39,047$31,943$25,953$20,957$16,834$8,820
20 years$36,706$29,683$23,818$18,981$15,036$7,555
21 years$34,590$27,649$21,908$17,226$13,456$6,479
22 years$32,670$25,809$20,192$15,663$12,061$5,563
23 years$30,919$24,139$18,643$14,264$10,827$4,781
24 years$29,316$22,616$17,242$13,010$9,731$4,112
25 years$27,844$21,224$15,970$11,881$8,757$3,539
26 years$26,487$19,948$14,811$10,864$7,888$3,048
27 years$25,233$18,773$13,753$9,944$7,112$2,626
28 years$24,071$17,690$12,785$9,111$6,417$2,263
29 years$22,991$16,688$11,898$8,355$5,794$1,952
30 years$21,984$15,760$11,082$7,667$5,235$1,684
31 years$21,044$14,899$10,332$7,042$4,733$1,453
32 years$20,165$14,097$9,640$6,472$4,282$1,254
33 years$19,341$13,350$9,001$5,951$3,875$1,082
34 years$18,567$12,653$8,410$5,476$3,508$934
35 years$17,839$12,001$7,863$5,041$3,178$807
36 years$17,153$11,391$7,355$4,642$2,879$697
37 years$16,505$10,819$6,884$4,277$2,609$602
38 years$15,893$10,282$6,447$3,942$2,366$520
39 years$15,314$9,777$6,040$3,635$2,145$449
40 years$14,765$9,302$5,661$3,353$1,946$388
41 years$14,245$8,854$5,309$3,093$1,765$335
42 years$13,750$8,433$4,980$2,855$1,602$290
43 years$13,280$8,035$4,673$2,635$1,454$250
44 years$12,832$7,659$4,386$2,433$1,320$216
45 years$12,405$7,303$4,118$2,247$1,198$187
46 years$11,998$6,967$3,868$2,076$1,088$161
47 years$11,610$6,649$3,634$1,918$988$139
48 years$11,239$6,347$3,415$1,772$897$121
49 years$10,884$6,061$3,210$1,638$815$104
50 years$10,545$5,790$3,018$1,514$740$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,800,000, adding $6,332 every year, while hoping to spend $30,884 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: 62/33/5 Blend
57$10,800,000$10,800,000$10,800,000$10,800,000
58$11,908,131$11,335,731$11,168,331$12,636,796
59$13,089,901$11,858,322$11,509,610$13,645,963
60$14,391,175$12,405,484$11,861,287$14,742,713
61$15,824,112$12,978,390$12,223,677$15,938,889
62$17,402,107$13,578,267$12,597,105$17,244,084
63$19,139,921$14,206,401$12,981,908$18,668,846
64$21,053,821$14,864,142$13,378,429$20,224,774
65$23,161,729$15,552,904$13,787,026$21,924,623
66$25,483,398$16,274,169$14,208,063$23,782,418
67$28,040,590$17,029,489$14,641,919$25,813,587
68$30,857,290$17,820,494$15,088,983$28,035,101
69$33,959,925$18,648,889$15,549,655$30,465,627
70$37,377,617$19,516,464$16,024,348$33,125,703
71$41,142,457$20,425,094$16,513,488$36,037,928
72$45,289,810$21,376,746$17,017,511$39,227,165
73$49,858,643$22,373,479$17,536,871$42,720,778
74$54,891,899$23,417,454$18,072,031$46,548,877
75$60,436,900$24,510,936$18,623,470$50,744,602
76$66,545,790$25,656,299$19,191,683$55,344,431
77$73,276,033$26,856,030$19,777,177$60,388,511
78$80,690,952$28,112,739$20,380,476$65,921,038
79$88,860,327$29,429,161$21,002,120$71,990,662
80$97,861,054$30,808,163$21,642,664$78,650,944
81$107,777,869$32,252,751$22,302,681$85,960,849
82$118,704,152$33,766,076$22,982,761$93,985,299
83$130,742,803$35,351,441$23,683,511$102,795,775
84$144,007,217$37,012,310$24,405,557$112,470,985
85$158,622,354$38,752,314$25,149,544$123,097,596
86$174,725,917$40,575,260$25,916,137$134,771,045
87$192,469,652$42,485,139$26,706,019$147,596,429
88$212,020,781$44,486,136$27,519,895$161,689,484
89$233,563,580$46,582,636$28,358,491$177,177,673
90$257,301,121$48,779,241$29,222,556$194,201,372
91$283,457,183$51,080,772$30,112,860$212,915,187
92$312,278,372$53,492,286$31,030,197$233,489,399
93$344,036,441$56,019,083$31,975,383$256,111,560
94$379,030,862$58,666,722$32,949,263$280,988,248
95$417,591,649$61,441,030$33,952,702$308,347,003
96$460,082,475$64,348,118$34,986,595$338,438,465
97$506,904,104$67,394,393$36,051,863$371,538,716
98$558,498,176$70,586,572$37,149,454$407,951,876
99$615,351,373$73,931,697$38,280,344$448,012,957
100$678,000,018$77,437,155$39,445,540$492,091,003