Can I retire at age 58 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,049,538
2 years$547,802$537,599$527,712$518,125$508,826$489,752
3 years$361,573$351,327$341,464$331,968$322,820$304,262
4 years$268,478$258,263$248,499$239,164$230,238$212,340
5 years$212,635$202,481$192,845$183,701$175,023$157,836
6 years$175,418$165,341$155,848$146,907$138,490$122,033
7 years$148,845$138,853$129,510$120,780$112,629$96,908
8 years$128,925$119,023$109,835$101,320$93,437$78,447
9 years$113,439$103,631$94,601$86,302$78,687$64,420
10 years$101,058$91,345$82,475$74,393$67,046$53,488
11 years$90,935$81,319$72,610$64,744$57,661$44,799
12 years$82,505$72,988$64,439$56,789$49,968$37,783
13 years$75,377$65,960$57,572$50,137$43,573$32,047
14 years$69,273$59,956$51,729$44,506$38,196$27,308
15 years$63,987$54,771$46,704$39,691$33,631$23,360
16 years$59,367$50,251$42,344$35,539$29,723$20,047
17 years$55,295$46,279$38,532$31,932$26,354$17,250
18 years$51,679$42,764$35,174$28,777$23,433$14,878
19 years$48,447$39,633$32,200$26,002$20,887$12,857
20 years$45,542$36,829$29,552$23,550$18,656$11,130
21 years$42,918$34,305$27,182$21,373$16,695$9,648
22 years$40,535$32,022$25,053$19,433$14,965$8,373
23 years$38,362$29,950$23,132$17,698$13,433$7,275
24 years$36,374$28,061$21,393$16,142$12,074$6,326
25 years$34,547$26,334$19,814$14,742$10,865$5,506
26 years$32,864$24,750$18,376$13,479$9,787$4,795
27 years$31,308$23,292$17,064$12,338$8,824$4,178
28 years$29,866$21,948$15,863$11,304$7,962$3,643
29 years$28,525$20,706$14,762$10,366$7,189$3,178
30 years$27,277$19,554$13,750$9,513$6,496$2,773
31 years$26,111$18,485$12,819$8,737$5,873$2,420
32 years$25,020$17,491$11,960$8,030$5,312$2,113
33 years$23,997$16,564$11,168$7,384$4,808$1,846
34 years$23,037$15,699$10,434$6,794$4,353$1,612
35 years$22,134$14,890$9,755$6,254$3,943$1,409
36 years$21,282$14,133$9,126$5,760$3,572$1,231
37 years$20,479$13,423$8,542$5,307$3,238$1,076
38 years$19,720$12,757$7,999$4,892$2,935$940
39 years$19,001$12,130$7,494$4,510$2,662$822
40 years$18,320$11,541$7,024$4,160$2,414$719
41 years$17,674$10,986$6,586$3,838$2,190$628
42 years$17,060$10,463$6,178$3,542$1,987$550
43 years$16,477$9,969$5,798$3,270$1,804$481
44 years$15,921$9,502$5,442$3,019$1,637$420
45 years$15,392$9,061$5,110$2,788$1,486$368
46 years$14,887$8,644$4,799$2,576$1,350$321
47 years$14,405$8,249$4,509$2,380$1,225$281
48 years$13,945$7,875$4,237$2,199$1,113$246
49 years$13,504$7,520$3,983$2,032$1,011$215
50 years$13,083$7,184$3,744$1,878$918$188

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,400,000, adding $6,901 every year, while hoping to spend $49,712 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: 61/32/7 Blend
57$13,400,000$13,400,000$13,400,000$13,400,000
58$14,773,918$14,063,718$13,856,018$15,654,075
59$16,227,965$14,699,947$14,267,302$16,879,653
60$17,828,658$15,365,686$14,690,697$18,209,910
61$19,590,903$16,062,326$15,126,558$19,660,045
62$21,531,125$16,791,329$15,575,247$21,241,616
63$23,667,420$17,554,225$16,037,138$22,967,327
64$26,019,731$18,352,617$16,512,617$24,851,152
65$28,610,033$19,188,184$17,002,078$26,908,454
66$31,462,538$20,062,687$17,505,930$29,156,130
67$34,603,929$20,977,971$18,024,590$31,612,767
68$38,063,606$21,935,968$18,558,491$34,298,808
69$41,873,968$22,938,704$19,108,074$37,236,744
70$46,070,715$23,988,303$19,673,797$40,451,320
71$50,693,186$25,086,988$20,256,127$43,969,761
72$55,784,732$26,237,091$20,855,549$47,822,026
73$61,393,123$27,441,056$21,472,557$52,041,083
74$67,570,997$28,701,444$22,107,663$56,663,214
75$74,376,361$30,020,937$22,761,392$61,728,350
76$81,873,135$31,402,349$23,434,285$67,280,444
77$90,131,758$32,848,627$24,126,896$73,367,876
78$99,229,849$34,362,861$24,839,799$80,043,901
79$109,252,941$35,948,289$25,573,580$87,367,147
80$120,295,291$37,608,304$26,328,844$95,402,157
81$132,460,764$39,346,465$27,106,215$104,219,993
82$145,863,820$41,166,500$27,906,330$113,898,893
83$160,630,587$43,072,316$28,729,850$124,525,004
84$176,900,057$45,068,009$29,577,450$136,193,182
85$194,825,395$47,157,874$30,449,827$149,007,882
86$214,575,386$49,346,410$31,347,697$163,084,124
87$236,336,027$51,638,336$32,271,796$178,548,579
88$260,312,283$54,038,595$33,222,882$195,540,741
89$286,730,021$56,552,372$34,201,734$214,214,241
90$315,838,143$59,185,098$35,209,152$234,738,278
91$347,910,937$61,942,471$36,245,962$257,299,204
92$383,250,660$64,830,460$37,313,009$282,102,269
93$422,190,399$67,855,324$38,411,167$309,373,545
94$465,097,209$71,023,624$39,541,330$339,362,040
95$512,375,579$74,342,237$40,704,420$372,342,038
96$564,471,255$77,818,373$41,901,385$408,615,666
97$621,875,441$81,459,592$43,133,199$448,515,729
98$685,129,440$85,273,815$44,400,865$492,408,834
99$754,829,762$89,269,351$45,705,413$540,698,832
100$831,633,756$93,454,907$47,047,902$593,830,605