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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,046,008
2 years$543,714$533,587$523,774$514,258$505,029$490,393
3 years$358,875$348,705$338,916$329,490$320,411$306,147
4 years$266,474$256,335$246,644$237,379$228,520$214,737
5 years$211,048$200,970$191,406$182,330$173,717$160,456
6 years$174,109$164,107$154,685$145,811$137,456$124,733
7 years$147,735$137,817$128,544$119,879$111,789$99,607
8 years$127,963$118,135$109,015$100,564$92,740$81,098
9 years$112,593$102,857$93,895$85,658$78,100$66,994
10 years$100,304$90,664$81,860$73,838$66,545$55,966
11 years$90,256$80,713$72,068$64,261$57,231$47,169
12 years$81,889$72,443$63,958$56,366$49,595$40,038
13 years$74,814$65,468$57,143$49,762$43,248$34,183
14 years$68,756$59,508$51,343$44,173$37,911$29,325
15 years$63,510$54,362$46,356$39,395$33,380$25,258
16 years$58,924$49,876$42,028$35,274$29,501$21,827
17 years$54,882$45,934$38,244$31,693$26,158$18,917
18 years$51,293$42,445$34,912$28,562$23,258$16,434
19 years$48,086$39,338$31,960$25,808$20,731$14,306
20 years$45,202$36,554$29,331$23,374$18,517$12,476
21 years$42,597$34,049$26,979$21,214$16,571$10,897
22 years$40,232$31,783$24,866$19,288$14,853$9,530
23 years$38,076$29,726$22,959$17,566$13,333$8,344
24 years$36,102$27,852$21,233$16,021$11,984$7,313
25 years$34,289$26,137$19,666$14,632$10,784$6,415
26 years$32,619$24,565$18,239$13,378$9,714$5,632
27 years$31,074$23,119$16,937$12,246$8,758$4,947
28 years$29,643$21,784$15,745$11,220$7,902$4,348
29 years$28,312$20,551$14,652$10,289$7,136$3,824
30 years$27,073$19,408$13,648$9,442$6,447$3,364
31 years$25,916$18,347$12,723$8,672$5,829$2,961
32 years$24,833$17,360$11,871$7,970$5,273$2,607
33 years$23,818$16,441$11,084$7,329$4,772$2,296
34 years$22,865$15,582$10,356$6,743$4,320$2,022
35 years$21,968$14,779$9,683$6,208$3,913$1,782
36 years$21,123$14,028$9,058$5,717$3,546$1,570
37 years$20,326$13,323$8,478$5,267$3,213$1,384
38 years$19,572$12,662$7,939$4,855$2,913$1,220
39 years$18,859$12,040$7,438$4,477$2,642$1,076
40 years$18,183$11,455$6,972$4,129$2,396$949
41 years$17,542$10,904$6,537$3,810$2,174$837
42 years$16,933$10,385$6,132$3,516$1,973$738
43 years$16,354$9,895$5,754$3,245$1,790$651
44 years$15,802$9,432$5,401$2,997$1,625$574
45 years$15,277$8,994$5,072$2,768$1,475$507
46 years$14,776$8,580$4,764$2,556$1,339$447
47 years$14,298$8,188$4,475$2,362$1,216$394
48 years$13,841$7,816$4,205$2,182$1,105$348
49 years$13,404$7,464$3,953$2,017$1,003$307
50 years$12,985$7,130$3,716$1,864$911$271

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 $3,532 every year, while hoping to spend $44,604 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: 38/36/26 Blend
57$13,300,000$13,300,000$13,300,000$13,300,000
58$14,660,243$13,955,343$13,749,193$15,103,528
59$16,108,130$14,591,697$14,162,333$16,064,499
60$17,702,206$15,257,737$14,587,818$17,097,987
61$19,457,335$15,954,870$15,026,014$18,214,079
62$21,389,898$16,684,573$15,477,300$19,420,292
63$23,517,941$17,448,391$15,942,063$20,724,873
64$25,861,352$18,247,943$16,420,703$22,136,868
65$28,442,045$19,084,927$16,913,632$23,666,207
66$31,284,168$19,961,124$17,421,273$25,323,787
67$34,414,331$20,878,396$17,944,063$27,121,572
68$37,861,854$21,838,699$18,482,451$29,072,700
69$41,659,048$22,844,080$19,036,898$31,191,600
70$45,841,517$23,896,686$19,607,880$33,494,118
71$50,448,496$24,998,768$20,195,888$35,997,667
72$55,523,217$26,152,682$20,801,425$38,721,377
73$61,113,323$27,360,901$21,425,011$41,686,271
74$67,271,312$28,626,015$22,067,178$44,915,455
75$74,055,035$29,950,739$22,728,478$48,434,328
76$81,528,242$31,337,919$23,409,476$52,270,814
77$89,761,184$32,790,538$24,110,754$56,455,613
78$98,831,273$34,311,723$24,832,913$61,022,485
79$108,823,817$35,904,751$25,576,569$66,008,557
80$119,832,820$37,573,058$26,342,358$71,454,663
81$131,961,874$39,320,244$27,130,934$77,405,718
82$145,325,134$41,150,085$27,942,969$83,911,132
83$160,048,396$43,066,537$28,779,157$91,025,265
84$176,270,283$45,073,749$29,640,210$98,807,924
85$194,143,557$47,176,068$30,526,862$107,324,920
86$213,836,557$49,378,052$31,439,868$116,648,670
87$235,534,789$51,684,479$32,380,007$126,858,870
88$259,442,678$54,100,360$33,348,078$138,043,233
89$285,785,496$56,630,943$34,344,904$150,298,298
90$314,811,492$59,281,734$35,371,334$163,730,327
91$346,794,230$62,058,505$36,428,239$178,456,294
92$382,035,173$64,967,304$37,516,517$194,604,964
93$420,866,533$68,014,473$38,637,092$212,318,098
94$463,654,400$71,206,664$39,790,916$231,751,767
95$510,802,204$74,550,845$40,978,966$253,077,807
96$562,754,517$78,054,325$42,202,250$276,485,418
97$620,001,257$81,724,766$43,461,805$302,182,930
98$683,082,307$85,570,200$44,758,696$330,399,744
99$752,592,612$89,599,051$46,094,023$361,388,476
100$829,187,800$93,820,145$47,468,914$395,427,315