Can I retire at age 58 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,013,637
2 years$531,449$521,552$511,959$502,659$493,637$470,584
3 years$350,780$340,840$331,272$322,058$313,184$290,797
4 years$260,463$250,553$241,081$232,025$223,365$201,819
5 years$206,287$196,437$187,089$178,217$169,799$149,152
6 years$170,182$160,405$151,195$142,522$134,356$114,632
7 years$144,402$134,708$125,644$117,175$109,267$90,468
8 years$125,077$115,470$106,556$98,295$90,648$72,768
9 years$110,053$100,537$91,777$83,726$76,339$59,364
10 years$98,042$88,619$80,013$72,172$65,044$48,957
11 years$88,220$78,892$70,442$62,812$55,940$40,720
12 years$80,042$70,809$62,516$55,094$48,477$34,099
13 years$73,127$63,991$55,854$48,640$42,273$28,711
14 years$67,205$58,166$50,185$43,177$37,056$24,284
15 years$62,077$53,136$45,310$38,506$32,627$20,615
16 years$57,595$48,751$41,080$34,478$28,836$17,555
17 years$53,644$44,898$37,381$30,978$25,568$14,987
18 years$50,136$41,488$34,124$27,918$22,734$12,823
19 years$47,001$38,450$31,239$25,226$20,263$10,991
20 years$44,183$35,730$28,670$22,847$18,099$9,436
21 years$41,637$33,281$26,371$20,735$16,197$8,111
22 years$39,325$31,067$24,305$18,853$14,518$6,980
23 years$37,217$29,056$22,441$17,170$13,032$6,013
24 years$35,288$27,224$20,754$15,660$11,714$5,184
25 years$33,516$25,548$19,223$14,302$10,541$4,472
26 years$31,883$24,011$17,828$13,077$9,495$3,861
27 years$30,373$22,597$16,555$11,969$8,560$3,334
28 years$28,974$21,293$15,390$10,966$7,724$2,881
29 years$27,674$20,088$14,322$10,056$6,975$2,491
30 years$26,462$18,971$13,340$9,229$6,302$2,154
31 years$25,331$17,934$12,436$8,476$5,698$1,863
32 years$24,273$16,969$11,603$7,790$5,154$1,612
33 years$23,281$16,070$10,834$7,164$4,664$1,395
34 years$22,349$15,230$10,123$6,591$4,223$1,207
35 years$21,473$14,446$9,464$6,067$3,825$1,045
36 years$20,647$13,711$8,853$5,588$3,466$905
37 years$19,868$13,022$8,287$5,149$3,141$783
38 years$19,131$12,376$7,760$4,746$2,848$678
39 years$18,434$11,768$7,270$4,376$2,582$588
40 years$17,773$11,197$6,815$4,036$2,342$509
41 years$17,146$10,658$6,390$3,724$2,125$441
42 years$16,551$10,150$5,994$3,436$1,928$382
43 years$15,985$9,671$5,624$3,172$1,750$331
44 years$15,446$9,219$5,280$2,929$1,588$287
45 years$14,932$8,791$4,957$2,705$1,442$248
46 years$14,443$8,386$4,656$2,499$1,309$215
47 years$13,975$8,003$4,374$2,309$1,189$186
48 years$13,528$7,640$4,111$2,133$1,080$161
49 years$13,101$7,296$3,864$1,971$981$140
50 years$12,693$6,969$3,632$1,822$891$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,000,000, adding $5,130 every year, while hoping to spend $36,162 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: 36/36/28 Blend
57$13,000,000$13,000,000$13,000,000$13,000,000
58$14,331,292$13,642,292$13,440,792$14,726,544
59$15,754,607$14,272,288$13,852,582$15,651,067
60$17,321,889$14,931,942$14,276,955$16,644,833
61$19,047,784$15,622,669$14,714,295$17,717,013
62$20,948,430$16,345,952$15,164,996$18,874,684
63$23,041,611$17,103,345$15,629,466$20,125,607
64$25,346,926$17,896,479$16,108,123$21,478,291
65$27,885,967$18,727,061$16,601,399$22,942,075
66$30,682,530$19,596,882$17,109,741$24,527,204
67$33,762,837$20,507,818$17,633,606$26,244,921
68$37,155,782$21,461,837$18,173,468$28,107,570
69$40,893,205$22,461,000$18,729,812$30,128,702
70$45,010,193$23,507,470$19,303,142$32,323,197
71$49,545,409$24,603,512$19,893,973$34,707,401
72$54,541,458$25,751,501$20,502,838$37,299,266
73$60,045,290$26,953,928$21,130,287$40,118,517
74$66,108,642$28,213,404$21,776,884$43,186,830
75$72,788,526$29,532,663$22,443,212$46,528,024
76$80,147,768$30,914,575$23,129,872$50,168,280
77$88,255,599$32,362,148$23,837,481$54,136,379
78$97,188,310$33,878,534$24,566,677$58,463,962
79$107,029,974$35,467,038$25,318,117$63,185,820
80$117,873,233$37,131,125$26,092,476$68,340,211
81$129,820,180$38,874,427$26,890,451$73,969,211
82$142,983,318$40,700,753$27,712,760$80,119,098
83$157,486,622$42,614,096$28,560,144$86,840,777
84$173,466,712$44,618,642$29,433,364$94,190,250
85$191,074,140$46,718,778$30,333,204$102,229,128
86$210,474,811$48,919,107$31,260,475$111,025,201
87$231,851,550$51,224,452$32,216,009$120,653,062
88$255,405,828$53,639,870$33,200,666$131,194,798
89$281,359,664$56,170,664$34,215,329$142,740,746
90$309,957,717$58,822,395$35,260,910$155,390,331
91$341,469,602$61,600,890$36,338,349$169,252,988
92$376,192,430$64,512,262$37,448,612$184,449,175
93$414,453,613$67,562,918$38,592,695$201,111,491
94$456,613,958$70,759,577$39,771,627$219,385,911
95$503,071,069$74,109,284$40,986,464$239,433,138
96$554,263,104$77,619,425$42,238,297$261,430,103
97$610,672,909$81,297,745$43,528,248$285,571,610
98$672,832,575$85,152,364$44,857,473$312,072,154
99$741,328,464$89,191,796$46,227,165$341,167,915
100$816,806,744$93,424,970$47,638,552$373,118,968