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

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,049,113
2 years$560,066$549,635$539,526$529,725$520,218$477,086
3 years$369,668$359,193$349,109$339,400$330,048$288,487
4 years$274,488$264,045$254,062$244,518$235,393$195,720
5 years$217,395$207,014$197,163$187,814$178,942$141,257
6 years$179,346$169,043$159,337$150,196$141,591$105,918
7 years$152,178$141,962$132,410$123,484$115,151$81,478
8 years$131,811$121,687$112,294$103,588$95,529$63,821
9 years$115,979$105,951$96,719$88,234$80,449$50,658
10 years$103,321$93,390$84,321$76,059$68,547$40,615
11 years$92,971$83,140$74,235$66,194$58,952$32,814
12 years$84,352$74,622$65,882$58,061$51,087$26,672
13 years$77,065$67,437$58,861$51,259$44,549$21,784
14 years$70,824$61,298$52,887$45,502$39,051$17,859
15 years$65,420$55,997$47,750$40,580$34,384$14,686
16 years$60,696$51,376$43,292$36,335$30,388$12,107
17 years$56,533$47,315$39,394$32,647$26,945$10,002
18 years$52,836$43,721$35,962$29,421$23,958$8,276
19 years$49,532$40,521$32,921$26,584$21,354$6,857
20 years$46,562$37,654$30,214$24,077$19,074$5,688
21 years$43,878$35,073$27,791$21,852$17,069$4,723
22 years$41,442$32,739$25,613$19,868$15,300$3,924
23 years$39,221$30,620$23,649$18,094$13,734$3,263
24 years$37,188$28,689$21,872$16,503$12,345$2,714
25 years$35,321$26,924$20,258$15,072$11,108$2,259
26 years$33,600$25,304$18,788$13,781$10,006$1,880
27 years$32,009$23,814$17,446$12,614$9,021$1,566
28 years$30,534$22,440$16,219$11,557$8,140$1,304
29 years$29,164$21,169$15,093$10,598$7,350$1,087
30 years$27,887$19,992$14,058$9,726$6,641$906
31 years$26,695$18,899$13,106$8,933$6,004$755
32 years$25,580$17,882$12,228$8,210$5,431$629
33 years$24,535$16,935$11,418$7,549$4,915$524
34 years$23,553$16,051$10,668$6,946$4,450$437
35 years$22,629$15,224$9,974$6,394$4,031$365
36 years$21,759$14,449$9,330$5,889$3,652$304
37 years$20,937$13,724$8,733$5,426$3,310$253
38 years$20,161$13,042$8,178$5,001$3,001$211
39 years$19,426$12,402$7,662$4,611$2,721$176
40 years$18,730$11,800$7,182$4,253$2,468$147
41 years$18,070$11,232$6,734$3,924$2,239$123
42 years$17,442$10,697$6,317$3,622$2,032$102
43 years$16,845$10,192$5,927$3,343$1,844$85
44 years$16,278$9,715$5,564$3,087$1,674$71
45 years$15,736$9,264$5,224$2,851$1,520$59
46 years$15,220$8,838$4,907$2,633$1,380$49
47 years$14,728$8,434$4,610$2,433$1,253$41
48 years$14,257$8,051$4,332$2,248$1,138$34
49 years$13,807$7,689$4,072$2,078$1,033$29
50 years$13,376$7,344$3,828$1,920$939$24

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 $4,601 every year, while hoping to spend $24,341 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: 43/27/30 Blend
57$13,700,000$13,700,000$13,700,000$13,700,000
58$15,102,146$14,376,046$14,163,696$15,619,166
59$16,616,666$15,054,574$14,612,281$16,670,157
60$18,284,852$15,765,533$15,075,078$17,805,553
61$20,122,351$16,510,488$15,552,537$19,035,357
62$22,146,406$17,291,078$16,045,123$20,368,347
63$24,376,021$18,109,022$16,553,316$21,814,163
64$26,832,132$18,966,121$17,077,609$23,383,392
65$29,537,814$19,864,265$17,618,513$25,087,659
66$32,518,493$20,805,436$18,176,555$26,939,738
67$35,802,187$21,791,711$18,752,278$28,953,663
68$39,419,773$22,825,267$19,346,242$31,144,855
69$43,405,274$23,908,390$19,959,025$33,530,263
70$47,796,183$25,043,473$20,591,224$36,128,517
71$52,633,818$26,233,027$21,243,455$38,960,097
72$57,963,708$27,479,686$21,916,351$42,047,521
73$63,836,026$28,786,210$22,610,568$45,415,549
74$70,306,061$30,155,495$23,326,783$49,091,409
75$77,434,741$31,590,575$24,065,691$53,105,049
76$85,289,206$33,094,635$24,828,013$57,489,408
77$93,943,444$34,671,011$25,614,491$62,280,722
78$103,478,988$36,323,204$26,425,890$67,518,856
79$113,985,688$38,054,884$27,263,000$73,247,669
80$125,562,554$39,869,899$28,126,636$79,515,422
81$138,318,696$41,772,285$29,017,639$86,375,221
82$152,374,350$43,766,274$29,936,877$93,885,508
83$167,862,015$45,856,304$30,885,245$102,110,606
84$184,927,706$48,047,027$31,863,665$111,121,307
85$203,732,325$50,343,325$32,873,092$120,995,536
86$224,453,189$52,750,314$33,914,507$131,819,070
87$247,285,696$55,273,361$34,988,924$143,686,333
88$272,445,174$57,918,093$36,097,390$156,701,282
89$300,168,914$60,690,412$37,240,985$170,978,363
90$330,718,406$63,596,505$38,420,821$186,643,586
91$364,381,813$66,642,864$39,638,049$203,835,693
92$401,476,687$69,836,293$40,893,852$222,707,454
93$442,352,968$73,183,930$42,189,455$243,427,094
94$487,396,288$76,693,259$43,526,118$266,179,858
95$537,031,610$80,372,130$44,905,145$291,169,748
96$591,727,244$84,228,775$46,327,877$318,621,424
97$651,999,263$88,271,824$47,795,700$348,782,307
98$718,416,376$92,510,332$49,310,045$381,924,893
99$791,605,300$96,953,792$50,872,385$418,349,305
100$872,256,674$101,612,161$52,484,243$458,386,101