Can I retire at age 58 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,033,245
2 years$543,714$533,587$523,774$514,258$505,029$477,691
3 years$358,875$348,705$338,916$329,490$320,411$293,906
4 years$266,474$256,335$246,644$237,379$228,520$203,051
5 years$211,048$200,970$191,406$182,330$173,717$149,355
6 years$174,109$164,107$154,685$145,811$137,456$114,225
7 years$147,735$137,817$128,544$119,879$111,789$89,690
8 years$127,963$118,135$109,015$100,564$92,740$71,763
9 years$112,593$102,857$93,895$85,658$78,100$58,228
10 years$100,304$90,664$81,860$73,838$66,545$47,753
11 years$90,256$80,713$72,068$64,261$57,231$39,491
12 years$81,889$72,443$63,958$56,366$49,595$32,876
13 years$74,814$65,468$57,143$49,762$43,248$27,515
14 years$68,756$59,508$51,343$44,173$37,911$23,129
15 years$63,510$54,362$46,356$39,395$33,380$19,512
16 years$58,924$49,876$42,028$35,274$29,501$16,509
17 years$54,882$45,934$38,244$31,693$26,158$14,003
18 years$51,293$42,445$34,912$28,562$23,258$11,902
19 years$48,086$39,338$31,960$25,808$20,731$10,133
20 years$45,202$36,554$29,331$23,374$18,517$8,640
21 years$42,597$34,049$26,979$21,214$16,571$7,376
22 years$40,232$31,783$24,866$19,288$14,853$6,304
23 years$38,076$29,726$22,959$17,566$13,333$5,392
24 years$36,102$27,852$21,233$16,021$11,984$4,616
25 years$34,289$26,137$19,666$14,632$10,784$3,953
26 years$32,619$24,565$18,239$13,378$9,714$3,388
27 years$31,074$23,119$16,937$12,246$8,758$2,905
28 years$29,643$21,784$15,745$11,220$7,902$2,492
29 years$28,312$20,551$14,652$10,289$7,136$2,138
30 years$27,073$19,408$13,648$9,442$6,447$1,835
31 years$25,916$18,347$12,723$8,672$5,829$1,576
32 years$24,833$17,360$11,871$7,970$5,273$1,353
33 years$23,818$16,441$11,084$7,329$4,772$1,162
34 years$22,865$15,582$10,356$6,743$4,320$998
35 years$21,968$14,779$9,683$6,208$3,913$858
36 years$21,123$14,028$9,058$5,717$3,546$737
37 years$20,326$13,323$8,478$5,267$3,213$633
38 years$19,572$12,662$7,939$4,855$2,913$544
39 years$18,859$12,040$7,438$4,477$2,642$468
40 years$18,183$11,455$6,972$4,129$2,396$402
41 years$17,542$10,904$6,537$3,810$2,174$346
42 years$16,933$10,385$6,132$3,516$1,973$297
43 years$16,354$9,895$5,754$3,245$1,790$255
44 years$15,802$9,432$5,401$2,997$1,625$220
45 years$15,277$8,994$5,072$2,768$1,475$189
46 years$14,776$8,580$4,764$2,556$1,339$162
47 years$14,298$8,188$4,475$2,362$1,216$139
48 years$13,841$7,816$4,205$2,182$1,105$120
49 years$13,404$7,464$3,953$2,017$1,003$103
50 years$12,985$7,130$3,716$1,864$911$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,300,000, adding $2,611 every year, while hoping to spend $27,908 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: 81/14/5 Blend
57$13,300,000$13,300,000$13,300,000$13,300,000
58$14,659,293$13,954,393$13,748,243$15,844,715
59$16,124,847$14,608,465$14,179,115$17,274,173
60$17,738,952$15,293,650$14,623,487$18,838,630
61$19,516,732$16,011,445$15,081,779$20,554,697
62$21,474,849$16,763,416$15,554,430$22,437,501
63$23,631,668$17,551,208$16,041,887$24,503,698
64$26,007,423$18,376,542$16,544,616$26,771,629
65$28,624,413$19,241,226$17,063,093$29,261,486
66$31,507,209$20,147,152$17,597,813$31,995,506
67$34,682,889$21,096,307$18,149,284$34,998,177
68$38,181,289$22,090,772$18,718,031$38,296,466
69$42,035,290$23,132,728$19,304,594$41,920,068
70$46,281,123$24,224,465$19,909,531$45,901,693
71$50,958,715$25,368,382$20,533,418$50,277,360
72$56,112,064$26,566,993$21,176,848$55,086,744
73$61,789,656$27,822,937$21,840,433$60,373,542
74$68,044,918$29,138,978$22,524,805$66,185,884
75$74,936,727$30,518,015$23,230,613$72,576,785
76$82,529,964$31,963,089$23,958,530$79,604,639
77$90,896,127$33,477,387$24,709,247$87,333,771
78$100,114,004$35,064,251$25,483,479$95,835,036
79$110,270,418$36,727,185$26,281,961$105,186,488
80$121,461,047$38,469,863$27,105,453$115,474,110
81$133,791,326$40,296,139$27,954,738$126,792,620
82$147,377,443$42,210,051$28,830,624$139,246,368
83$162,347,435$44,215,837$29,733,943$152,950,305
84$178,842,397$46,317,937$30,665,554$168,031,073
85$197,017,815$48,521,009$31,626,343$184,628,191
86$217,045,030$50,829,936$32,617,223$202,895,368
87$239,112,860$53,249,840$33,639,138$223,001,946
88$263,429,380$55,786,091$34,693,057$245,134,496
89$290,223,886$58,444,318$35,779,983$269,498,571
90$319,749,059$61,230,426$36,900,949$296,320,642
91$352,283,354$64,150,608$38,057,022$325,850,225
92$388,133,624$67,211,355$39,249,300$358,362,235
93$427,638,018$70,419,476$40,478,916$394,159,569
94$471,169,175$73,782,110$41,747,039$433,575,962
95$519,137,741$77,306,743$43,054,874$476,979,126
96$571,996,243$81,001,227$44,403,666$524,774,214
97$630,243,367$84,873,793$45,794,695$577,407,636
98$694,428,657$88,933,076$47,229,285$635,371,266
99$765,157,712$93,188,129$48,708,797$699,207,071
100$843,097,896$97,648,445$50,234,640$769,512,223