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%13.1%
1 years$891,854$883,910$876,159$868,594$861,207$850,093
2 years$441,512$433,289$425,320$417,593$410,099$398,917
3 years$291,417$283,159$275,210$267,556$260,183$249,282
4 years$216,385$208,152$200,283$192,759$185,565$175,028
5 years$171,377$163,194$155,427$148,057$141,064$130,922
6 years$141,382$133,260$125,608$118,403$111,619$101,884
7 years$119,965$111,911$104,381$97,345$90,776$81,452
8 years$103,910$95,929$88,524$81,661$75,307$66,393
9 years$91,429$83,523$76,245$69,557$63,420$54,911
10 years$81,450$73,622$66,472$59,959$54,037$45,928
11 years$73,291$65,541$58,521$52,182$46,473$38,757
12 years$66,496$58,826$51,936$45,771$40,273$32,940
13 years$60,752$53,162$46,401$40,409$35,119$28,160
14 years$55,832$48,322$41,692$35,870$30,785$24,190
15 years$51,572$44,143$37,642$31,990$27,105$20,863
16 years$47,848$40,501$34,128$28,644$23,956$18,055
17 years$44,566$37,300$31,055$25,736$21,241$15,669
18 years$41,651$34,467$28,349$23,193$18,886$13,632
19 years$39,047$31,943$25,953$20,957$16,834$11,885
20 years$36,706$29,683$23,818$18,981$15,036$10,380
21 years$34,590$27,649$21,908$17,226$13,456$9,080
22 years$32,670$25,809$20,192$15,663$12,061$7,953
23 years$30,919$24,139$18,643$14,264$10,827$6,974
24 years$29,316$22,616$17,242$13,010$9,731$6,122
25 years$27,844$21,224$15,970$11,881$8,757$5,378
26 years$26,487$19,948$14,811$10,864$7,888$4,729
27 years$25,233$18,773$13,753$9,944$7,112$4,161
28 years$24,071$17,690$12,785$9,111$6,417$3,663
29 years$22,991$16,688$11,898$8,355$5,794$3,226
30 years$21,984$15,760$11,082$7,667$5,235$2,843
31 years$21,044$14,899$10,332$7,042$4,733$2,506
32 years$20,165$14,097$9,640$6,472$4,282$2,210
33 years$19,341$13,350$9,001$5,951$3,875$1,950
34 years$18,567$12,653$8,410$5,476$3,508$1,721
35 years$17,839$12,001$7,863$5,041$3,178$1,519
36 years$17,153$11,391$7,355$4,642$2,879$1,341
37 years$16,505$10,819$6,884$4,277$2,609$1,184
38 years$15,893$10,282$6,447$3,942$2,366$1,045
39 years$15,314$9,777$6,040$3,635$2,145$923
40 years$14,765$9,302$5,661$3,353$1,946$815
41 years$14,245$8,854$5,309$3,093$1,765$720
42 years$13,750$8,433$4,980$2,855$1,602$636
43 years$13,280$8,035$4,673$2,635$1,454$562
44 years$12,832$7,659$4,386$2,433$1,320$497
45 years$12,405$7,303$4,118$2,247$1,198$439
46 years$11,998$6,967$3,868$2,076$1,088$388
47 years$11,610$6,649$3,634$1,918$988$343
48 years$11,239$6,347$3,415$1,772$897$303
49 years$10,884$6,061$3,210$1,638$815$268
50 years$10,545$5,790$3,018$1,514$740$237

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 $6,383 every year, while hoping to spend $44,860 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: 38/44/18 Blend
57$10,800,000$10,800,000$10,800,000$10,800,000
58$11,908,184$11,335,784$11,168,384$12,296,033
59$13,075,088$11,843,507$11,494,794$13,083,356
60$14,359,513$12,374,604$11,830,636$13,928,932
61$15,773,398$12,930,175$12,176,177$14,841,824
62$17,329,900$13,511,369$12,531,694$15,828,123
63$19,043,515$14,119,391$12,897,471$16,894,510
64$20,930,216$14,755,504$13,273,799$18,048,311
65$23,007,606$15,421,031$13,660,979$19,297,562
66$25,295,078$16,117,358$14,059,318$20,651,084
67$27,814,004$16,845,936$14,469,133$22,118,554
68$30,587,933$17,608,288$14,890,750$23,710,597
69$33,642,816$18,406,008$15,324,504$25,438,879
70$37,007,247$19,240,766$15,770,738$27,316,207
71$40,712,735$20,114,312$16,229,806$29,356,652
72$44,794,001$21,028,481$16,702,072$31,575,667
73$49,289,306$21,985,193$17,187,909$33,990,231
74$54,240,811$22,986,464$17,687,699$36,619,000
75$59,694,976$24,034,402$18,201,839$39,482,477
76$65,702,995$25,131,220$18,730,733$42,603,196
77$72,321,286$26,279,235$19,274,798$46,005,931
78$79,612,015$27,480,875$19,834,461$49,717,914
79$87,643,687$28,738,685$20,410,163$53,769,089
80$96,491,795$30,055,332$21,002,355$58,192,385
81$106,239,526$31,433,611$21,611,501$63,024,014
82$116,978,550$32,876,451$22,238,079$68,303,805
83$128,809,887$34,386,922$22,882,580$74,075,569
84$141,844,855$35,968,241$23,545,506$80,387,500
85$156,206,126$37,623,780$24,227,375$87,292,621
86$172,028,878$39,357,073$24,928,720$94,849,270
87$189,462,077$41,171,823$25,650,086$103,121,639
88$208,669,880$43,071,913$26,392,035$112,180,366
89$229,833,183$45,061,412$27,155,143$122,103,191
90$253,151,331$47,144,584$27,940,003$132,975,667
91$278,843,997$49,325,899$28,747,224$144,891,964
92$307,153,259$51,610,043$29,577,430$157,955,732
93$338,345,881$54,001,925$30,431,264$172,281,068
94$372,715,836$56,506,694$31,309,386$187,993,575
95$410,587,074$59,129,744$32,212,473$205,231,526
96$452,316,586$61,876,732$33,141,222$224,147,156
97$498,297,771$64,753,586$34,096,347$244,908,075
98$548,964,152$67,766,520$35,078,582$267,698,828
99$604,793,464$70,922,048$36,088,683$292,722,619
100$666,312,168$74,226,998$37,127,424$320,203,206