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

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,060,025
2 years$547,802$537,599$527,712$518,125$508,826$500,248
3 years$361,573$351,327$341,464$331,968$322,820$314,439
4 years$268,478$258,263$248,499$239,164$230,238$222,119
5 years$212,635$202,481$192,845$183,701$175,023$167,190
6 years$175,418$165,341$155,848$146,907$138,490$130,953
7 years$148,845$138,853$129,510$120,780$112,629$105,391
8 years$128,925$119,023$109,835$101,320$93,437$86,498
9 years$113,439$103,631$94,601$86,302$78,687$72,046
10 years$101,058$91,345$82,475$74,393$67,046$60,697
11 years$90,935$81,319$72,610$64,744$57,661$51,602
12 years$82,505$72,988$64,439$56,789$49,968$44,192
13 years$75,377$65,960$57,572$50,137$43,573$38,074
14 years$69,273$59,956$51,729$44,506$38,196$32,967
15 years$63,987$54,771$46,704$39,691$33,631$28,664
16 years$59,367$50,251$42,344$35,539$29,723$25,011
17 years$55,295$46,279$38,532$31,932$26,354$21,890
18 years$51,679$42,764$35,174$28,777$23,433$19,208
19 years$48,447$39,633$32,200$26,002$20,887$16,892
20 years$45,542$36,829$29,552$23,550$18,656$14,883
21 years$42,918$34,305$27,182$21,373$16,695$13,136
22 years$40,535$32,022$25,053$19,433$14,965$11,610
23 years$38,362$29,950$23,132$17,698$13,433$10,275
24 years$36,374$28,061$21,393$16,142$12,074$9,103
25 years$34,547$26,334$19,814$14,742$10,865$8,073
26 years$32,864$24,750$18,376$13,479$9,787$7,166
27 years$31,308$23,292$17,064$12,338$8,824$6,365
28 years$29,866$21,948$15,863$11,304$7,962$5,658
29 years$28,525$20,706$14,762$10,366$7,189$5,032
30 years$27,277$19,554$13,750$9,513$6,496$4,478
31 years$26,111$18,485$12,819$8,737$5,873$3,987
32 years$25,020$17,491$11,960$8,030$5,312$3,551
33 years$23,997$16,564$11,168$7,384$4,808$3,164
34 years$23,037$15,699$10,434$6,794$4,353$2,820
35 years$22,134$14,890$9,755$6,254$3,943$2,514
36 years$21,282$14,133$9,126$5,760$3,572$2,242
37 years$20,479$13,423$8,542$5,307$3,238$2,000
38 years$19,720$12,757$7,999$4,892$2,935$1,784
39 years$19,001$12,130$7,494$4,510$2,662$1,592
40 years$18,320$11,541$7,024$4,160$2,414$1,421
41 years$17,674$10,986$6,586$3,838$2,190$1,268
42 years$17,060$10,463$6,178$3,542$1,987$1,132
43 years$16,477$9,969$5,798$3,270$1,804$1,011
44 years$15,921$9,502$5,442$3,019$1,637$902
45 years$15,392$9,061$5,110$2,788$1,486$806
46 years$14,887$8,644$4,799$2,576$1,350$720
47 years$14,405$8,249$4,509$2,380$1,225$643
48 years$13,945$7,875$4,237$2,199$1,113$574
49 years$13,504$7,520$3,983$2,032$1,011$513
50 years$13,083$7,184$3,744$1,878$918$458

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 $5,688 every year, while hoping to spend $25,054 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: 53/39/8 Blend
57$13,400,000$13,400,000$13,400,000$13,400,000
58$14,772,667$14,062,467$13,854,767$15,526,287
59$16,252,822$14,724,871$14,292,245$16,700,420
60$17,883,113$15,418,893$14,743,538$17,973,915
61$19,678,827$16,146,055$15,209,083$19,358,767
62$21,656,811$16,907,955$15,689,331$20,865,504
63$23,835,628$17,706,267$16,184,745$22,505,691
64$26,235,733$18,542,745$16,695,806$24,292,035
65$28,879,668$19,419,230$17,223,006$26,238,494
66$31,792,274$20,337,652$17,766,856$28,360,408
67$35,000,922$21,300,033$18,327,881$30,674,635
68$38,535,775$22,308,494$18,906,625$33,199,706
69$42,430,074$23,365,260$19,503,647$35,955,989
70$46,720,446$24,472,663$20,119,524$38,965,881
71$51,447,256$25,633,147$20,754,851$42,254,005
72$56,654,981$26,849,276$21,410,244$45,847,441
73$62,392,638$28,123,739$22,086,336$49,775,966
74$68,714,239$29,459,355$22,783,780$54,072,338
75$75,679,306$30,859,078$23,503,252$58,772,583
76$83,353,432$32,326,009$24,245,447$63,916,338
77$91,808,895$33,863,397$25,011,083$69,547,208
78$101,125,348$35,474,649$25,800,900$75,713,168
79$111,390,566$37,163,339$26,615,662$82,467,010
80$122,701,274$38,933,214$27,456,158$89,866,827
81$135,164,065$40,788,201$28,323,199$97,976,547
82$148,896,398$42,732,422$29,217,625$106,866,531
83$164,027,716$44,770,196$30,140,301$116,614,219
84$180,700,661$46,906,053$31,092,119$127,304,850
85$199,072,422$49,144,744$32,073,999$139,032,252
86$219,316,223$51,491,250$33,086,892$151,899,714
87$241,622,951$53,950,795$34,131,776$166,020,944
88$266,202,965$56,528,857$35,209,663$181,521,129
89$293,288,076$59,231,179$36,321,595$198,538,097
90$323,133,739$62,063,786$37,468,648$217,223,603
91$356,021,463$65,032,995$38,651,931$237,744,741
92$392,261,470$68,145,429$39,872,588$260,285,503
93$432,195,621$71,408,036$41,131,801$285,048,497
94$476,200,645$74,828,101$42,430,787$312,256,837
95$524,691,695$78,413,262$43,770,803$342,156,226
96$578,126,268$82,171,531$45,153,144$375,017,255
97$637,008,521$86,111,311$46,579,149$411,137,930
98$701,894,036$90,241,411$48,050,196$450,846,462
99$773,395,059$94,571,071$49,567,709$494,504,338
100$852,186,283$99,109,981$51,133,155$542,509,705