Can I retire at age 58 with 13,600,000?

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,055,270
2 years$555,978$545,623$535,588$525,858$516,421$487,198
3 years$366,970$356,571$346,561$336,922$327,638$299,320
4 years$272,485$262,117$252,208$242,734$233,674$206,479
5 years$215,808$205,503$195,723$186,443$177,636$151,637
6 years$178,036$167,809$158,174$149,100$140,557$115,780
7 years$151,067$140,926$131,443$122,583$114,310$90,757
8 years$130,849$120,799$111,474$102,832$94,832$72,490
9 years$115,133$105,177$96,013$87,590$79,862$58,711
10 years$102,567$92,709$83,706$75,503$68,046$48,059
11 years$92,292$82,533$73,693$65,711$58,522$39,668
12 years$83,736$74,077$65,401$57,637$50,714$32,958
13 years$76,502$66,944$58,431$50,885$44,224$27,528
14 years$70,307$60,850$52,501$45,170$38,766$23,093
15 years$64,942$55,588$47,401$40,284$34,133$19,440
16 years$60,253$51,001$42,976$36,070$30,167$16,413
17 years$56,120$46,970$39,107$32,408$26,748$13,891
18 years$52,450$43,402$35,699$29,206$23,783$11,781
19 years$49,170$40,225$32,681$26,390$21,198$10,008
20 years$46,222$37,379$29,993$23,902$18,935$8,514
21 years$43,558$34,817$27,588$21,692$16,944$7,251
22 years$41,140$32,500$25,426$19,723$15,188$6,183
23 years$38,935$30,397$23,477$17,962$13,634$5,276
24 years$36,917$28,480$21,712$16,383$12,254$4,505
25 years$35,063$26,727$20,110$14,962$11,027$3,850
26 years$33,354$25,119$18,651$13,680$9,933$3,292
27 years$31,775$23,640$17,319$12,522$8,955$2,815
28 years$30,311$22,276$16,100$11,473$8,080$2,409
29 years$28,951$21,015$14,983$10,521$7,296$2,062
30 years$27,684$19,846$13,956$9,655$6,593$1,766
31 years$26,500$18,761$13,010$8,868$5,961$1,512
32 years$25,393$17,752$12,139$8,150$5,392$1,295
33 years$24,356$16,811$11,334$7,494$4,880$1,110
34 years$23,381$15,933$10,590$6,895$4,418$951
35 years$22,464$15,113$9,901$6,348$4,001$815
36 years$21,600$14,344$9,262$5,846$3,625$698
37 years$20,785$13,624$8,669$5,386$3,286$599
38 years$20,014$12,947$8,118$4,965$2,979$513
39 years$19,284$12,311$7,606$4,578$2,701$440
40 years$18,593$11,713$7,129$4,222$2,450$377
41 years$17,938$11,150$6,685$3,896$2,223$323
42 years$17,315$10,619$6,271$3,595$2,017$277
43 years$16,723$10,118$5,884$3,319$1,831$238
44 years$16,159$9,644$5,523$3,064$1,662$204
45 years$15,622$9,197$5,186$2,830$1,509$175
46 years$15,109$8,773$4,871$2,614$1,370$150
47 years$14,620$8,372$4,576$2,415$1,244$129
48 years$14,153$7,993$4,300$2,232$1,129$110
49 years$13,706$7,632$4,042$2,062$1,026$95
50 years$13,278$7,291$3,800$1,906$932$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,600,000, adding $3,103 every year, while hoping to spend $33,576 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: 76/14/10 Blend
57$13,600,000$13,600,000$13,600,000$13,600,000
58$14,990,401$14,269,601$14,058,801$16,103,090
59$16,483,697$14,933,087$14,494,046$17,499,593
60$18,128,184$15,627,958$14,942,747$19,025,404
61$19,939,248$16,355,717$15,405,318$20,696,994
62$21,933,844$17,117,939$15,882,188$22,528,837
63$24,130,653$17,916,275$16,373,798$24,536,868
64$26,550,262$18,752,456$16,880,603$26,738,631
65$29,215,358$19,628,295$17,403,072$29,153,440
66$32,150,937$20,545,695$17,941,689$31,802,561
67$35,384,548$21,506,649$18,496,951$34,709,410
68$38,946,545$22,513,248$19,069,371$37,899,769
69$42,870,378$23,567,682$19,659,481$41,402,030
70$47,192,908$24,672,249$20,267,824$45,247,458
71$51,954,752$25,829,358$20,894,964$49,470,485
72$57,200,672$27,041,531$21,541,481$54,109,029
73$62,979,992$28,311,417$22,207,971$59,204,849
74$69,347,065$29,641,791$22,895,052$64,803,941
75$76,361,787$31,035,561$23,603,359$70,956,962
76$84,090,163$32,495,777$24,333,545$77,719,705
77$92,604,927$34,025,637$25,086,286$85,153,628
78$101,986,230$35,628,494$25,862,277$93,326,424
79$112,322,398$37,307,862$26,662,235$102,312,657
80$123,710,761$39,067,426$27,486,899$112,194,461
81$136,258,580$40,911,051$28,337,031$123,062,316
82$150,084,050$42,842,787$29,213,416$135,015,888
83$165,317,421$44,866,882$30,116,864$148,164,972
84$182,102,227$46,987,788$31,048,208$162,630,521
85$200,596,640$49,210,176$32,008,309$178,545,783
86$220,974,963$51,538,939$32,998,052$196,057,549
87$243,429,274$53,979,213$34,018,353$215,327,539
88$268,171,244$56,536,378$35,070,151$236,533,917
89$295,434,128$59,216,078$36,154,419$259,872,970
90$325,474,973$62,024,230$37,272,156$285,560,953
91$358,577,042$64,967,038$38,424,394$313,836,120
92$395,052,485$68,051,008$39,612,196$344,960,970
93$435,245,292$71,282,961$40,836,658$379,224,717
94$479,534,535$74,670,049$42,098,909$416,946,009
95$528,337,948$78,219,773$43,400,114$458,475,928
96$582,115,873$81,939,996$44,741,472$504,201,299
97$641,375,602$85,838,965$46,124,220$554,548,327
98$706,676,165$89,925,326$47,549,634$609,986,615
99$778,633,614$94,208,147$49,019,027$671,033,586
100$857,926,832$98,696,936$50,533,753$738,259,354