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%15.3%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,014,050
2 years$531,449$521,552$511,959$502,659$493,637$470,994
3 years$350,780$340,840$331,272$322,058$313,184$291,192
4 years$260,463$250,553$241,081$232,025$223,365$202,195
5 years$206,287$196,437$187,089$178,217$169,799$149,509
6 years$170,182$160,405$151,195$142,522$134,356$114,968
7 years$144,402$134,708$125,644$117,175$109,267$90,785
8 years$125,077$115,470$106,556$98,295$90,648$73,065
9 years$110,053$100,537$91,777$83,726$76,339$59,642
10 years$98,042$88,619$80,013$72,172$65,044$49,217
11 years$88,220$78,892$70,442$62,812$55,940$40,962
12 years$80,042$70,809$62,516$55,094$48,477$34,324
13 years$73,127$63,991$55,854$48,640$42,273$28,920
14 years$67,205$58,166$50,185$43,177$37,056$24,477
15 years$62,077$53,136$45,310$38,506$32,627$20,794
16 years$57,595$48,751$41,080$34,478$28,836$17,719
17 years$53,644$44,898$37,381$30,978$25,568$15,139
18 years$50,136$41,488$34,124$27,918$22,734$12,962
19 years$47,001$38,450$31,239$25,226$20,263$11,119
20 years$44,183$35,730$28,670$22,847$18,099$9,552
21 years$41,637$33,281$26,371$20,735$16,197$8,218
22 years$39,325$31,067$24,305$18,853$14,518$7,077
23 years$37,217$29,056$22,441$17,170$13,032$6,101
24 years$35,288$27,224$20,754$15,660$11,714$5,264
25 years$33,516$25,548$19,223$14,302$10,541$4,545
26 years$31,883$24,011$17,828$13,077$9,495$3,927
27 years$30,373$22,597$16,555$11,969$8,560$3,394
28 years$28,974$21,293$15,390$10,966$7,724$2,935
29 years$27,674$20,088$14,322$10,056$6,975$2,540
30 years$26,462$18,971$13,340$9,229$6,302$2,198
31 years$25,331$17,934$12,436$8,476$5,698$1,903
32 years$24,273$16,969$11,603$7,790$5,154$1,647
33 years$23,281$16,070$10,834$7,164$4,664$1,427
34 years$22,349$15,230$10,123$6,591$4,223$1,236
35 years$21,473$14,446$9,464$6,067$3,825$1,071
36 years$20,647$13,711$8,853$5,588$3,466$928
37 years$19,868$13,022$8,287$5,149$3,141$804
38 years$19,131$12,376$7,760$4,746$2,848$697
39 years$18,434$11,768$7,270$4,376$2,582$604
40 years$17,773$11,197$6,815$4,036$2,342$524
41 years$17,146$10,658$6,390$3,724$2,125$454
42 years$16,551$10,150$5,994$3,436$1,928$394
43 years$15,985$9,671$5,624$3,172$1,750$341
44 years$15,446$9,219$5,280$2,929$1,588$296
45 years$14,932$8,791$4,957$2,705$1,442$257
46 years$14,443$8,386$4,656$2,499$1,309$222
47 years$13,975$8,003$4,374$2,309$1,189$193
48 years$13,528$7,640$4,111$2,133$1,080$167
49 years$13,101$7,296$3,864$1,971$981$145
50 years$12,693$6,969$3,632$1,822$891$126

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 $3,782 every year, while hoping to spend $26,269 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: 54/28/18 Blend
57$13,000,000$13,000,000$13,000,000$13,000,000
58$14,329,901$13,640,901$13,439,401$15,033,883
59$15,763,601$14,281,355$13,861,671$16,156,102
60$17,342,658$14,952,311$14,297,207$17,373,928
61$19,081,870$15,655,236$14,746,424$18,698,998
62$20,997,546$16,391,667$15,209,754$20,141,546
63$23,107,654$17,163,217$15,687,639$21,712,822
64$25,431,996$17,971,576$16,180,537$23,425,191
65$27,992,393$18,818,517$16,688,919$25,292,247
66$30,812,891$19,705,898$17,213,270$27,328,934
67$33,919,985$20,635,666$17,754,094$29,551,687
68$37,342,874$21,609,864$18,311,907$31,978,576
69$41,113,734$22,630,634$18,887,243$34,629,476
70$45,268,021$23,700,222$19,480,652$37,526,251
71$49,844,807$24,820,981$20,092,702$40,692,946
72$54,887,148$25,995,379$20,723,978$44,156,018
73$60,442,490$27,226,006$21,375,084$47,944,575
74$66,563,118$28,515,574$22,046,643$52,090,642
75$73,306,648$29,866,929$22,739,297$56,629,461
76$80,736,571$31,283,054$23,453,709$61,599,815
77$88,922,856$32,767,078$24,190,563$67,044,385
78$97,942,603$34,322,280$24,950,562$73,010,147
79$107,880,776$35,952,100$25,734,434$79,548,809
80$118,831,007$37,660,144$26,542,929$86,717,286
81$130,896,472$39,450,194$27,376,820$94,578,231
82$144,190,873$41,326,214$28,236,904$103,200,620
83$158,839,506$43,292,363$29,124,004$112,660,387
84$174,980,446$45,352,999$30,038,969$123,041,137
85$192,765,850$47,512,695$30,982,673$134,434,922
86$212,363,394$49,776,244$31,956,020$146,943,097
87$233,957,853$52,148,673$32,959,939$160,677,269
88$257,752,849$54,635,252$33,995,392$175,760,336
89$283,972,770$57,241,510$35,063,368$192,327,634
90$312,864,891$59,973,242$36,164,889$210,528,204
91$344,701,705$62,836,527$37,301,008$230,526,184
92$379,783,499$65,837,737$38,472,813$252,502,342
93$418,441,186$68,983,556$39,681,422$276,655,770
94$461,039,430$72,280,993$40,927,992$303,205,745
95$507,980,088$75,737,398$42,213,716$332,393,785
96$559,706,004$79,360,478$43,539,823$364,485,911
97$616,705,190$83,158,315$44,907,580$399,775,138
98$679,515,432$87,139,384$46,318,297$438,584,227
99$748,729,367$91,312,575$47,773,321$481,268,704
100$825,000,080$95,687,209$49,274,044$528,220,204