Can I retire at age 58 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$900,112$892,094$884,272$876,637$869,181$854,079
2 years$445,600$437,301$429,258$421,460$413,896$398,730
3 years$294,116$285,781$277,758$270,033$262,593$247,835
4 years$218,389$210,079$202,137$194,544$187,283$173,047
5 years$172,964$164,705$156,867$149,428$142,370$128,697
6 years$142,691$134,494$126,772$119,499$112,652$99,558
7 years$121,076$112,948$105,348$98,247$91,616$79,104
8 years$104,872$96,817$89,343$82,417$76,005$64,072
9 years$92,275$84,297$76,951$70,201$64,007$52,646
10 years$82,204$74,303$67,088$60,514$54,537$43,739
11 years$73,969$66,148$59,063$52,665$46,904$36,657
12 years$67,112$59,371$52,417$46,194$40,646$30,936
13 years$61,314$53,654$46,831$40,783$35,444$26,257
14 years$56,349$48,770$42,078$36,202$31,070$22,389
15 years$52,049$44,552$37,991$32,286$27,356$19,165
16 years$48,291$40,876$34,444$28,909$24,178$16,459
17 years$44,978$37,645$31,343$25,974$21,438$14,173
18 years$42,037$34,786$28,612$23,408$19,061$12,233
19 years$39,408$32,239$26,193$21,151$16,990$10,579
20 years$37,046$29,958$24,039$19,156$15,176$9,164
21 years$34,911$27,905$22,111$17,386$13,580$7,950
22 years$32,972$26,048$20,379$15,808$12,173$6,905
23 years$31,205$24,362$18,816$14,396$10,927$6,004
24 years$29,588$22,826$17,402$13,130$9,822$5,225
25 years$28,102$21,421$16,117$11,991$8,838$4,551
26 years$26,733$20,132$14,948$10,964$7,961$3,967
27 years$25,467$18,947$13,881$10,036$7,177$3,460
28 years$24,294$17,853$12,904$9,195$6,476$3,019
29 years$23,203$16,843$12,008$8,432$5,848$2,635
30 years$22,188$15,906$11,185$7,738$5,284$2,301
31 years$21,239$15,037$10,428$7,107$4,777$2,010
32 years$20,352$14,228$9,729$6,532$4,321$1,757
33 years$19,520$13,474$9,084$6,006$3,911$1,536
34 years$18,739$12,770$8,488$5,526$3,541$1,343
35 years$18,004$12,112$7,935$5,087$3,207$1,174
36 years$17,312$11,496$7,423$4,685$2,906$1,027
37 years$16,658$10,919$6,948$4,317$2,634$898
38 years$16,041$10,377$6,507$3,979$2,388$786
39 years$15,456$9,867$6,096$3,669$2,165$687
40 years$14,902$9,388$5,714$3,384$1,964$602
41 years$14,376$8,936$5,358$3,122$1,782$526
42 years$13,877$8,511$5,026$2,881$1,617$461
43 years$13,403$8,109$4,716$2,660$1,467$403
44 years$12,951$7,730$4,427$2,456$1,332$353
45 years$12,520$7,371$4,157$2,268$1,209$309
46 years$12,110$7,032$3,904$2,095$1,098$270
47 years$11,718$6,710$3,668$1,936$997$237
48 years$11,343$6,406$3,447$1,789$905$207
49 years$10,985$6,117$3,240$1,653$822$181
50 years$10,642$5,843$3,046$1,528$747$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,900,000, adding $4,281 every year, while hoping to spend $42,718 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: 42/50/8 Blend
57$10,900,000$10,900,000$10,900,000$10,900,000
58$12,016,216$11,438,516$11,269,566$12,492,545
59$13,196,418$11,953,552$11,601,645$13,339,874
60$14,495,570$12,492,392$11,943,416$14,252,154
61$15,925,757$13,056,159$12,295,161$15,238,983
62$17,500,301$13,646,028$12,657,165$16,307,168
63$19,233,877$14,263,228$13,029,725$17,464,171
64$21,142,657$14,909,051$13,413,145$18,718,180
65$23,244,460$15,584,846$13,807,738$20,078,175
66$25,558,923$16,292,032$14,213,825$21,554,016
67$28,107,682$17,032,090$14,631,737$23,156,522
68$30,914,580$17,806,577$15,061,815$24,897,572
69$34,005,889$18,617,121$15,504,407$26,790,209
70$37,410,558$19,465,429$15,959,874$28,848,759
71$41,160,491$20,353,290$16,428,585$31,088,955
72$45,290,839$21,282,579$16,910,920$33,528,082
73$49,840,339$22,255,261$17,407,271$36,185,133
74$54,851,679$23,273,394$17,918,040$39,080,977
75$60,371,896$24,339,135$18,443,640$42,238,552
76$66,452,823$25,454,747$18,984,495$45,683,069
77$73,151,579$26,622,597$19,541,044$49,442,244
78$80,531,106$27,845,170$20,113,735$53,546,549
79$88,660,763$29,125,069$20,703,030$58,029,490
80$97,616,984$30,465,020$21,309,404$62,927,913
81$107,483,993$31,867,882$21,933,346$68,282,341
82$118,354,604$33,336,653$22,575,357$74,137,345
83$130,331,096$34,874,471$23,235,954$80,541,953
84$143,526,177$36,484,628$23,915,667$87,550,101
85$158,064,046$38,170,575$24,615,041$95,221,129
86$174,081,572$39,935,926$25,334,638$103,620,328
87$191,729,577$41,784,471$26,075,033$112,819,541
88$211,174,268$43,720,184$26,836,820$122,897,826
89$232,598,797$45,747,226$27,620,608$133,942,189
90$256,204,998$47,869,964$28,427,022$146,048,387
91$282,215,286$50,092,971$29,256,706$159,321,817
92$310,874,762$52,421,043$30,110,322$173,878,490
93$342,453,520$54,859,207$30,988,550$189,846,110
94$377,249,201$57,412,730$31,892,089$207,365,259
95$415,589,803$60,087,138$32,821,657$226,590,703
96$457,836,774$62,888,218$33,777,993$247,692,833
97$504,388,425$65,822,041$34,761,856$270,859,251
98$555,683,692$68,894,968$35,774,026$296,296,515
99$612,206,277$72,113,670$36,815,304$324,232,066
100$674,489,215$75,485,138$37,886,515$354,916,351