Can I retire at age 58 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,082,400
2 years$560,066$549,635$539,526$529,725$520,218$510,085
3 years$369,668$359,193$349,109$339,400$330,048$320,153
4 years$274,488$264,045$254,062$244,518$235,393$225,813
5 years$217,395$207,014$197,163$187,814$178,942$169,705
6 years$179,346$169,043$159,337$150,196$141,591$132,708
7 years$152,178$141,962$132,410$123,484$115,151$106,626
8 years$131,811$121,687$112,294$103,588$95,529$87,362
9 years$115,979$105,951$96,719$88,234$80,449$72,638
10 years$103,321$93,390$84,321$76,059$68,547$61,086
11 years$92,971$83,140$74,235$66,194$58,952$51,836
12 years$84,352$74,622$65,882$58,061$51,087$44,309
13 years$77,065$67,437$58,861$51,259$44,549$38,101
14 years$70,824$61,298$52,887$45,502$39,051$32,925
15 years$65,420$55,997$47,750$40,580$34,384$28,570
16 years$60,696$51,376$43,292$36,335$30,388$24,878
17 years$56,533$47,315$39,394$32,647$26,945$21,728
18 years$52,836$43,721$35,962$29,421$23,958$19,025
19 years$49,532$40,521$32,921$26,584$21,354$16,695
20 years$46,562$37,654$30,214$24,077$19,074$14,678
21 years$43,878$35,073$27,791$21,852$17,069$12,926
22 years$41,442$32,739$25,613$19,868$15,300$11,399
23 years$39,221$30,620$23,649$18,094$13,734$10,065
24 years$37,188$28,689$21,872$16,503$12,345$8,897
25 years$35,321$26,924$20,258$15,072$11,108$7,872
26 years$33,600$25,304$18,788$13,781$10,006$6,971
27 years$32,009$23,814$17,446$12,614$9,021$6,177
28 years$30,534$22,440$16,219$11,557$8,140$5,478
29 years$29,164$21,169$15,093$10,598$7,350$4,860
30 years$27,887$19,992$14,058$9,726$6,641$4,314
31 years$26,695$18,899$13,106$8,933$6,004$3,832
32 years$25,580$17,882$12,228$8,210$5,431$3,404
33 years$24,535$16,935$11,418$7,549$4,915$3,026
34 years$23,553$16,051$10,668$6,946$4,450$2,690
35 years$22,629$15,224$9,974$6,394$4,031$2,392
36 years$21,759$14,449$9,330$5,889$3,652$2,128
37 years$20,937$13,724$8,733$5,426$3,310$1,893
38 years$20,161$13,042$8,178$5,001$3,001$1,685
39 years$19,426$12,402$7,662$4,611$2,721$1,499
40 years$18,730$11,800$7,182$4,253$2,468$1,335
41 years$18,070$11,232$6,734$3,924$2,239$1,188
42 years$17,442$10,697$6,317$3,622$2,032$1,058
43 years$16,845$10,192$5,927$3,343$1,844$942
44 years$16,278$9,715$5,564$3,087$1,674$839
45 years$15,736$9,264$5,224$2,851$1,520$747
46 years$15,220$8,838$4,907$2,633$1,380$666
47 years$14,728$8,434$4,610$2,433$1,253$593
48 years$14,257$8,051$4,332$2,248$1,138$528
49 years$13,807$7,689$4,072$2,078$1,033$471
50 years$13,376$7,344$3,828$1,920$939$419

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,700,000, adding $6,597 every year, while hoping to spend $58,163 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: 53/22/25 Blend
57$13,700,000$13,700,000$13,700,000$13,700,000
58$15,104,205$14,378,105$14,165,755$15,799,520
59$16,582,949$15,020,747$14,578,423$16,923,156
60$18,210,575$15,692,929$15,002,965$18,138,748
61$20,002,209$16,396,038$15,439,720$19,460,426
62$21,974,515$17,131,524$15,889,031$20,898,349
63$24,145,856$17,900,910$16,351,255$22,463,686
64$26,536,468$18,705,789$16,826,756$24,168,716
65$29,168,646$19,547,831$17,315,911$26,026,944
66$32,066,958$20,428,785$17,819,104$28,053,223
67$35,258,476$21,350,483$18,336,732$30,263,890
68$38,773,030$22,314,846$18,869,202$32,676,916
69$42,643,491$23,323,886$19,416,933$35,312,072
70$46,906,082$24,379,711$19,980,354$38,191,113
71$51,600,715$25,484,530$20,559,909$41,337,973
72$56,771,372$26,640,656$21,156,050$44,778,993
73$62,466,518$27,850,515$21,769,244$48,543,159
74$68,739,561$29,116,647$22,399,971$52,662,375
75$75,649,349$30,441,716$23,048,724$57,171,754
76$83,260,735$31,828,512$23,716,007$62,109,948
77$91,645,178$33,279,958$24,402,342$67,519,505
78$100,881,428$34,799,118$25,108,263$73,447,263
79$111,056,262$36,389,202$25,834,318$79,944,787
80$122,265,304$38,053,576$26,581,070$87,068,852
81$134,613,929$39,795,766$27,349,100$94,881,966
82$148,218,257$41,619,466$28,139,003$103,452,957
83$163,206,249$43,528,549$28,951,389$112,857,613
84$179,718,912$45,527,074$29,786,886$123,179,391
85$197,911,634$47,619,293$30,646,140$134,510,194
86$217,955,648$49,809,665$31,529,812$146,951,233
87$240,039,647$52,102,862$32,438,584$160,613,971
88$264,371,569$54,503,780$33,373,154$175,621,167
89$291,180,554$57,017,551$34,334,241$192,108,023
90$320,719,114$59,649,554$35,322,581$210,223,452
91$353,265,508$62,405,427$36,338,932$230,131,472
92$389,126,375$65,291,078$37,384,071$252,012,744
93$428,639,626$68,312,702$38,458,798$276,066,263
94$472,177,633$71,476,789$39,563,933$302,511,229
95$520,150,745$74,790,145$40,700,318$331,589,096
96$573,011,160$78,259,901$41,868,818$363,565,848
97$631,257,197$81,893,535$43,070,322$398,734,486
98$695,437,994$85,698,881$44,305,741$437,417,786
99$766,158,699$89,684,156$45,576,012$479,971,327
100$844,086,175$93,857,968$46,882,098$526,786,835