Can I retire at age 58 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,034,134
2 years$535,538$525,564$515,897$506,525$497,434$486,880
3 years$353,479$343,462$333,820$324,536$315,593$305,290
4 years$262,467$252,481$242,935$233,810$225,083$215,112
5 years$207,874$197,948$188,528$179,588$171,105$161,494
6 years$171,491$161,639$152,358$143,618$135,389$126,151
7 years$145,513$135,744$126,611$118,076$110,108$101,246
8 years$126,039$116,358$107,376$99,051$91,345$82,859
9 years$110,900$101,311$92,483$84,370$76,926$68,813
10 years$98,796$89,300$80,629$72,728$65,545$57,800
11 years$88,899$79,499$70,984$63,295$56,371$48,987
12 years$80,658$71,354$62,997$55,518$48,850$41,820
13 years$73,689$64,483$56,283$49,014$42,598$35,915
14 years$67,722$58,613$50,571$43,509$37,341$30,995
15 years$62,555$53,544$45,659$38,803$32,878$26,859
16 years$58,038$49,126$41,396$34,744$29,058$23,356
17 years$54,057$45,243$37,669$31,217$25,764$20,370
18 years$50,522$41,807$34,387$28,133$22,909$17,811
19 years$47,362$38,746$31,480$25,420$20,419$15,607
20 years$44,523$36,005$28,890$23,023$18,239$13,701
21 years$41,957$33,537$26,574$20,895$16,321$12,048
22 years$39,627$31,305$24,492$18,998$14,630$10,609
23 years$37,503$29,279$22,614$17,302$13,133$9,353
24 years$35,559$27,433$20,914$15,780$11,804$8,255
25 years$33,774$25,744$19,370$14,412$10,622$7,292
26 years$32,128$24,196$17,965$13,177$9,568$6,447
27 years$30,607$22,771$16,682$12,061$8,626$5,704
28 years$29,197$21,457$15,508$11,051$7,783$5,050
29 years$27,887$20,242$14,432$10,134$7,028$4,474
30 years$26,666$19,117$13,443$9,300$6,350$3,965
31 years$25,526$18,071$12,532$8,542$5,741$3,516
32 years$24,460$17,099$11,693$7,850$5,194$3,118
33 years$23,460$16,193$10,918$7,219$4,700$2,767
34 years$22,521$15,348$10,201$6,642$4,255$2,456
35 years$21,638$14,557$9,537$6,114$3,854$2,180
36 years$20,806$13,817$8,922$5,631$3,492$1,936
37 years$20,020$13,123$8,350$5,188$3,165$1,720
38 years$19,278$12,471$7,820$4,782$2,869$1,528
39 years$18,575$11,859$7,326$4,409$2,602$1,357
40 years$17,910$11,283$6,867$4,067$2,360$1,206
41 years$17,278$10,740$6,439$3,752$2,141$1,072
42 years$16,678$10,229$6,040$3,463$1,943$953
43 years$16,108$9,746$5,668$3,197$1,763$847
44 years$15,565$9,290$5,320$2,952$1,601$753
45 years$15,047$8,859$4,995$2,726$1,453$670
46 years$14,554$8,451$4,692$2,518$1,319$595
47 years$14,083$8,065$4,408$2,326$1,198$529
48 years$13,632$7,699$4,142$2,150$1,088$471
49 years$13,202$7,352$3,893$1,987$988$419
50 years$12,790$7,023$3,660$1,836$898$372

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,100,000, adding $3,746 every year, while hoping to spend $55,476 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: 70/18/12 Blend
57$13,100,000$13,100,000$13,100,000$13,100,000
58$14,440,064$13,745,764$13,542,714$15,413,782
59$15,853,924$14,360,280$13,937,369$16,674,710
60$17,410,139$15,003,049$14,343,385$18,047,053
61$19,123,170$15,675,395$14,761,086$19,547,402
62$21,008,952$16,378,708$15,190,800$21,188,354
63$23,085,043$17,114,442$15,632,870$22,983,769
64$25,370,791$17,884,123$16,087,644$24,948,904
65$27,887,513$18,689,347$16,555,482$27,100,550
66$30,658,701$19,531,787$17,036,753$29,457,190
67$33,710,241$20,413,196$17,531,836$32,039,170
68$37,070,655$21,335,412$18,041,122$34,868,889
69$40,771,372$22,300,358$18,565,010$37,971,003
70$44,847,028$23,310,052$19,103,914$41,372,663
71$49,335,786$24,366,605$19,658,255$45,103,758
72$54,279,698$25,472,231$20,228,470$49,197,202
73$59,725,108$26,629,250$20,815,004$53,689,236
74$65,723,079$27,840,094$21,418,316$58,619,767
75$72,329,882$29,107,307$22,038,879$64,032,742
76$79,607,525$30,433,561$22,677,177$69,976,558
77$87,624,338$31,821,650$23,333,707$76,504,514
78$96,455,616$33,274,507$24,008,982$83,675,312
79$106,184,333$34,795,202$24,703,527$91,553,602
80$116,901,922$36,386,953$25,417,882$100,210,590
81$128,709,138$38,053,135$26,152,601$109,724,705
82$141,717,012$39,797,280$26,908,255$120,182,335
83$156,047,895$41,623,094$27,685,429$131,678,633
84$171,836,614$43,534,459$28,484,725$144,318,413
85$189,231,745$45,535,444$29,306,759$158,217,131
86$208,397,014$47,630,313$30,152,168$173,501,972
87$229,512,846$49,823,535$31,021,602$190,313,038
88$252,778,062$52,119,793$31,915,731$208,804,668
89$278,411,759$54,523,998$32,835,243$229,146,887
90$306,655,379$57,041,294$33,780,844$251,527,002
91$337,774,985$59,677,075$34,753,259$276,151,363
92$372,063,775$62,436,993$35,753,235$303,247,302
93$409,844,847$65,326,973$36,781,535$333,065,273
94$451,474,251$68,353,225$37,838,947$365,881,202
95$497,344,350$71,522,258$38,926,276$401,999,087
96$547,887,520$74,840,894$40,044,353$441,753,856
97$603,580,235$78,316,287$41,194,027$485,514,516
98$664,947,566$81,955,931$42,376,174$533,687,632
99$732,568,132$85,767,686$43,591,690$586,721,145
100$807,079,567$89,759,788$44,841,497$645,108,597