Can I retire at age 58 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,059,984
2 years$551,890$541,611$531,650$521,992$512,623$496,015
3 years$364,272$353,949$344,013$334,445$325,229$309,054
4 years$270,481$260,190$250,353$240,949$231,956$216,339
5 years$214,222$203,992$194,284$185,072$176,329$161,315
6 years$176,727$166,575$157,011$148,003$139,524$125,129
7 years$149,956$139,889$130,477$121,682$113,470$99,701
8 years$129,887$119,911$110,654$102,076$94,134$80,988
9 years$114,286$104,404$95,307$86,946$79,275$66,744
10 years$101,812$92,027$83,091$74,948$67,546$55,622
11 years$91,613$81,926$73,152$65,227$58,092$46,762
12 years$83,120$73,533$64,920$57,213$50,341$39,591
13 years$75,940$66,452$58,002$50,511$43,898$33,713
14 years$69,790$60,403$52,115$44,838$38,481$28,844
15 years$64,465$55,179$47,053$39,987$33,882$24,776
16 years$59,810$50,626$42,660$35,804$29,945$21,351
17 years$55,707$46,625$38,819$32,170$26,551$18,452
18 years$52,064$43,083$35,437$28,992$23,608$15,984
19 years$48,809$39,929$32,441$26,196$21,042$13,874
20 years$45,882$37,104$29,772$23,726$18,795$12,063
21 years$43,238$34,561$27,385$21,533$16,820$10,505
22 years$40,837$32,261$25,239$19,578$15,077$9,159
23 years$38,649$30,173$23,304$17,830$13,534$7,995
24 years$36,645$28,271$21,552$16,262$12,164$6,985
25 years$34,805$26,531$19,962$14,852$10,946$6,108
26 years$33,109$24,934$18,514$13,580$9,860$5,345
27 years$31,542$23,466$17,192$12,430$8,889$4,680
28 years$30,089$22,112$15,982$11,388$8,021$4,100
29 years$28,738$20,860$14,872$10,443$7,243$3,594
30 years$27,480$19,700$13,853$9,584$6,544$3,152
31 years$26,306$18,623$12,915$8,802$5,917$2,765
32 years$25,207$17,621$12,050$8,090$5,352$2,426
33 years$24,177$16,688$11,251$7,439$4,844$2,129
34 years$23,209$15,816$10,512$6,845$4,385$1,869
35 years$22,299$15,001$9,828$6,301$3,972$1,642
36 years$21,441$14,239$9,194$5,803$3,599$1,442
37 years$20,632$13,523$8,605$5,347$3,262$1,267
38 years$19,867$12,852$8,059$4,928$2,957$1,113
39 years$19,143$12,221$7,550$4,544$2,682$978
40 years$18,457$11,627$7,077$4,191$2,432$859
41 years$17,806$11,068$6,636$3,867$2,207$755
42 years$17,187$10,541$6,224$3,569$2,002$664
43 years$16,600$10,043$5,841$3,294$1,817$584
44 years$16,040$9,573$5,483$3,042$1,649$513
45 years$15,507$9,129$5,148$2,809$1,497$451
46 years$14,998$8,709$4,835$2,595$1,360$396
47 years$14,513$8,311$4,543$2,397$1,235$349
48 years$14,049$7,934$4,269$2,215$1,121$307
49 years$13,605$7,576$4,012$2,047$1,018$270
50 years$13,181$7,237$3,772$1,892$925$237

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,500,000, adding $5,408 every year, while hoping to spend $37,099 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: 54/26/20 Blend
57$13,500,000$13,500,000$13,500,000$13,500,000
58$14,882,578$14,167,078$13,957,828$15,604,921
59$16,361,128$14,821,792$14,385,943$16,755,192
60$17,989,247$15,507,344$14,827,155$18,002,321
61$19,782,151$16,225,204$15,281,866$19,359,116
62$21,756,609$16,976,917$15,750,486$20,836,061
63$23,931,096$17,764,100$16,233,441$22,444,679
64$26,325,973$18,588,446$16,731,167$24,197,640
65$28,963,677$19,451,734$17,244,115$26,108,872
66$31,868,928$20,355,825$17,772,749$28,193,691
67$35,068,969$21,302,672$18,317,547$30,468,940
68$38,593,822$22,294,320$18,879,003$32,953,143
69$42,476,566$23,332,916$19,457,623$35,666,676
70$46,753,654$24,420,707$20,053,932$38,631,953
71$51,465,256$25,560,051$20,668,468$41,873,633
72$56,655,637$26,753,419$21,301,787$45,418,846
73$62,373,577$28,003,401$21,954,461$49,297,444
74$68,672,827$29,312,713$22,627,081$53,542,277
75$75,612,620$30,684,201$23,320,253$58,189,495
76$83,258,231$32,120,850$24,034,605$63,278,885
77$91,681,586$33,625,787$24,770,780$68,854,237
78$100,961,951$35,202,294$25,529,445$74,963,751
79$111,186,672$36,853,809$26,311,283$81,660,484
80$122,452,003$38,583,935$27,117,001$89,002,846
81$134,864,012$40,396,453$27,947,325$97,055,136
82$148,539,586$42,295,324$28,803,005$105,888,148
83$163,607,531$44,284,702$29,684,813$115,579,822
84$180,209,789$46,368,942$30,593,545$126,215,980
85$198,502,778$48,552,611$31,530,019$137,891,115
86$218,658,866$50,840,494$32,495,079$150,709,283
87$240,868,003$53,237,611$33,489,597$164,785,067
88$265,339,509$55,749,223$34,514,468$180,244,650
89$292,304,052$58,380,848$35,570,616$197,226,993
90$322,015,826$61,138,270$36,658,992$215,885,136
91$354,754,948$64,027,553$37,780,576$236,387,630
92$390,830,107$67,055,057$38,936,379$258,920,112
93$430,581,471$70,227,448$40,127,441$283,687,042
94$474,383,906$73,551,718$41,354,835$310,913,624
95$522,650,507$77,035,195$42,619,665$340,847,911
96$575,836,504$80,685,565$43,923,069$373,763,133
97$634,443,555$84,510,885$45,266,220$409,960,256
98$699,024,486$88,519,606$46,650,326$449,770,811
99$770,188,503$92,720,587$48,076,632$493,559,997
100$848,606,951$97,123,116$49,546,419$541,730,119