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%12%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,051,675
2 years$543,714$533,587$523,774$514,258$505,029$496,073
3 years$358,875$348,705$338,916$329,490$320,411$311,663
4 years$266,474$256,335$246,644$237,379$228,520$220,047
5 years$211,048$200,970$191,406$182,330$173,717$165,544
6 years$174,109$164,107$154,685$145,811$137,456$129,593
7 years$147,735$137,817$128,544$119,879$111,789$104,240
8 years$127,963$118,135$109,015$100,564$92,740$85,504
9 years$112,593$102,857$93,895$85,658$78,100$71,176
10 years$100,304$90,664$81,860$73,838$66,545$59,929
11 years$90,256$80,713$72,068$64,261$57,231$50,917
12 years$81,889$72,443$63,958$56,366$49,595$43,578
13 years$74,814$65,468$57,143$49,762$43,248$37,521
14 years$68,756$59,508$51,343$44,173$37,911$32,467
15 years$63,510$54,362$46,356$39,395$33,380$28,210
16 years$58,924$49,876$42,028$35,274$29,501$24,599
17 years$54,882$45,934$38,244$31,693$26,158$21,514
18 years$51,293$42,445$34,912$28,562$23,258$18,864
19 years$48,086$39,338$31,960$25,808$20,731$16,578
20 years$45,202$36,554$29,331$23,374$18,517$14,596
21 years$42,597$34,049$26,979$21,214$16,571$12,873
22 years$40,232$31,783$24,866$19,288$14,853$11,369
23 years$38,076$29,726$22,959$17,566$13,333$10,054
24 years$36,102$27,852$21,233$16,021$11,984$8,901
25 years$34,289$26,137$19,666$14,632$10,784$7,888
26 years$32,619$24,565$18,239$13,378$9,714$6,996
27 years$31,074$23,119$16,937$12,246$8,758$6,209
28 years$29,643$21,784$15,745$11,220$7,902$5,515
29 years$28,312$20,551$14,652$10,289$7,136$4,901
30 years$27,073$19,408$13,648$9,442$6,447$4,358
31 years$25,916$18,347$12,723$8,672$5,829$3,877
32 years$24,833$17,360$11,871$7,970$5,273$3,450
33 years$23,818$16,441$11,084$7,329$4,772$3,071
34 years$22,865$15,582$10,356$6,743$4,320$2,735
35 years$21,968$14,779$9,683$6,208$3,913$2,436
36 years$21,123$14,028$9,058$5,717$3,546$2,171
37 years$20,326$13,323$8,478$5,267$3,213$1,935
38 years$19,572$12,662$7,939$4,855$2,913$1,725
39 years$18,859$12,040$7,438$4,477$2,642$1,538
40 years$18,183$11,455$6,972$4,129$2,396$1,371
41 years$17,542$10,904$6,537$3,810$2,174$1,223
42 years$16,933$10,385$6,132$3,516$1,973$1,091
43 years$16,354$9,895$5,754$3,245$1,790$973
44 years$15,802$9,432$5,401$2,997$1,625$868
45 years$15,277$8,994$5,072$2,768$1,475$774
46 years$14,776$8,580$4,764$2,556$1,339$691
47 years$14,298$8,188$4,475$2,362$1,216$616
48 years$13,841$7,816$4,205$2,182$1,105$550
49 years$13,404$7,464$3,953$2,017$1,003$491
50 years$12,985$7,130$3,716$1,864$911$438

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 $4,635 every year, while hoping to spend $47,248 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: 84/5/11 Blend
57$13,300,000$13,300,000$13,300,000$13,300,000
58$14,661,381$13,956,481$13,750,331$15,866,532
59$16,106,570$14,590,077$14,160,696$17,289,254
60$17,697,585$15,253,136$14,583,224$18,844,983
61$19,449,251$15,947,051$15,018,273$20,552,469
62$21,377,901$16,673,283$15,466,212$22,426,951
63$23,501,535$17,433,363$15,927,419$24,485,215
64$25,839,988$18,228,893$16,402,283$26,745,749
65$28,415,114$19,061,556$16,891,207$29,228,917
66$31,250,994$19,933,111$17,394,601$31,957,152
67$34,374,168$20,845,406$17,912,892$34,955,164
68$37,813,875$21,800,373$18,446,517$38,250,172
69$41,602,339$22,800,040$18,995,924$41,872,161
70$45,775,068$23,846,532$19,561,577$45,854,165
71$50,371,187$24,942,074$20,143,952$50,232,574
72$55,433,812$26,089,000$20,743,539$55,047,477
73$61,010,456$27,289,756$21,360,842$60,343,039
74$67,153,473$28,546,904$21,996,381$66,167,920
75$73,920,556$29,863,131$22,650,688$72,575,726
76$81,375,280$31,241,252$23,324,314$79,625,517
77$89,587,703$32,684,218$24,017,823$87,382,365
78$98,635,026$34,195,122$24,731,797$95,917,960
79$108,602,321$35,777,206$25,466,835$105,311,291
80$119,583,336$37,433,867$26,223,552$115,649,386
81$131,681,377$39,168,667$27,002,582$127,028,134
82$145,010,285$40,985,340$27,804,576$139,553,185
83$159,695,511$42,887,797$28,630,206$153,340,947
84$175,875,296$44,880,142$29,480,160$168,519,681
85$193,701,980$46,966,674$30,355,150$185,230,714
86$213,343,439$49,151,898$31,255,905$203,629,763
87$234,984,669$51,440,540$32,183,177$223,888,409
88$258,829,531$53,837,552$33,137,738$246,195,710
89$285,102,676$56,348,125$34,120,385$270,759,983
90$314,051,666$58,977,700$35,131,936$297,810,773
91$345,949,312$61,731,983$36,173,231$327,601,008
92$381,096,245$64,616,954$37,245,138$360,409,390
93$419,823,759$67,638,881$38,348,547$396,543,020
94$462,496,934$70,804,338$39,484,375$436,340,297
95$509,518,084$74,120,213$40,653,564$480,174,102
96$561,330,554$77,593,730$41,857,084$528,455,322
97$618,422,908$81,232,460$43,095,934$581,636,721
98$681,333,536$85,044,342$44,371,139$640,217,208
99$750,655,740$89,037,698$45,683,756$704,746,550
100$827,043,334$93,221,253$47,034,870$775,830,549