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%13.7%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,075,688
2 years$560,066$549,635$539,526$529,725$520,218$503,364
3 years$369,668$359,193$349,109$339,400$330,048$313,633
4 years$274,488$264,045$254,062$244,518$235,393$219,544
5 years$217,395$207,014$197,163$187,814$178,942$163,705
6 years$179,346$169,043$159,337$150,196$141,591$126,983
7 years$152,178$141,962$132,410$123,484$115,151$101,178
8 years$131,811$121,687$112,294$103,588$95,529$82,188
9 years$115,979$105,951$96,719$88,234$80,449$67,733
10 years$103,321$93,390$84,321$76,059$68,547$56,446
11 years$92,971$83,140$74,235$66,194$58,952$47,454
12 years$84,352$74,622$65,882$58,061$51,087$40,178
13 years$77,065$67,437$58,861$51,259$44,549$34,213
14 years$70,824$61,298$52,887$45,502$39,051$29,271
15 years$65,420$55,997$47,750$40,580$34,384$25,143
16 years$60,696$51,376$43,292$36,335$30,388$21,668
17 years$56,533$47,315$39,394$32,647$26,945$18,725
18 years$52,836$43,721$35,962$29,421$23,958$16,221
19 years$49,532$40,521$32,921$26,584$21,354$14,079
20 years$46,562$37,654$30,214$24,077$19,074$12,242
21 years$43,878$35,073$27,791$21,852$17,069$10,660
22 years$41,442$32,739$25,613$19,868$15,300$9,295
23 years$39,221$30,620$23,649$18,094$13,734$8,113
24 years$37,188$28,689$21,872$16,503$12,345$7,089
25 years$35,321$26,924$20,258$15,072$11,108$6,199
26 years$33,600$25,304$18,788$13,781$10,006$5,424
27 years$32,009$23,814$17,446$12,614$9,021$4,750
28 years$30,534$22,440$16,219$11,557$8,140$4,161
29 years$29,164$21,169$15,093$10,598$7,350$3,647
30 years$27,887$19,992$14,058$9,726$6,641$3,198
31 years$26,695$18,899$13,106$8,933$6,004$2,806
32 years$25,580$17,882$12,228$8,210$5,431$2,462
33 years$24,535$16,935$11,418$7,549$4,915$2,161
34 years$23,553$16,051$10,668$6,946$4,450$1,897
35 years$22,629$15,224$9,974$6,394$4,031$1,666
36 years$21,759$14,449$9,330$5,889$3,652$1,463
37 years$20,937$13,724$8,733$5,426$3,310$1,285
38 years$20,161$13,042$8,178$5,001$3,001$1,129
39 years$19,426$12,402$7,662$4,611$2,721$992
40 years$18,730$11,800$7,182$4,253$2,468$872
41 years$18,070$11,232$6,734$3,924$2,239$766
42 years$17,442$10,697$6,317$3,622$2,032$674
43 years$16,845$10,192$5,927$3,343$1,844$592
44 years$16,278$9,715$5,564$3,087$1,674$521
45 years$15,736$9,264$5,224$2,851$1,520$458
46 years$15,220$8,838$4,907$2,633$1,380$402
47 years$14,728$8,434$4,610$2,433$1,253$354
48 years$14,257$8,051$4,332$2,248$1,138$311
49 years$13,807$7,689$4,072$2,078$1,033$273
50 years$13,376$7,344$3,828$1,920$939$240

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 $5,441 every year, while hoping to spend $59,562 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: 78/11/11 Blend
57$13,700,000$13,700,000$13,700,000$13,700,000
58$15,103,012$14,376,912$14,164,562$16,250,698
59$16,580,146$15,018,008$14,575,702$17,647,214
60$18,205,951$15,688,520$14,998,618$19,170,318
61$19,995,529$16,389,829$15,433,643$20,839,130
62$21,965,520$17,123,377$15,881,117$22,668,159
63$24,134,260$17,890,679$16,341,390$24,673,380
64$26,521,950$18,693,319$16,814,823$26,872,382
65$29,150,854$19,532,956$17,301,785$29,284,536
66$32,045,502$20,411,332$17,802,655$31,931,169
67$35,232,924$21,330,267$18,317,824$34,835,772
68$38,742,904$22,291,672$18,847,693$38,024,212
69$42,608,263$23,297,547$19,392,674$41,524,978
70$46,865,166$24,349,987$19,953,189$45,369,446
71$51,553,466$25,451,190$20,529,674$49,592,176
72$56,717,076$26,603,454$21,122,574$54,231,229
73$62,404,387$27,809,192$21,732,350$59,328,531
74$68,668,721$29,070,930$22,359,470$64,930,261
75$75,568,839$30,391,314$23,004,421$71,087,289
76$83,169,490$31,773,118$23,667,699$77,855,646
77$91,542,026$33,219,248$24,349,814$85,297,058
78$100,765,071$34,732,750$25,051,292$93,479,518
79$110,925,268$36,316,815$25,772,670$102,477,932
80$122,118,094$37,974,787$26,514,503$112,374,815
81$134,448,759$39,710,171$27,277,358$123,261,071
82$148,033,202$41,526,639$28,061,819$135,236,849
83$162,999,184$43,428,040$28,868,486$148,412,479
84$179,487,495$45,418,408$29,697,974$162,909,512
85$197,653,278$47,501,969$30,550,915$178,861,866
86$217,667,501$49,683,153$31,427,958$196,417,081
87$239,718,562$51,966,604$32,329,771$215,737,709
88$264,014,074$54,357,186$33,257,037$237,002,847
89$290,782,821$56,859,999$34,210,459$260,409,815
90$320,276,918$59,480,389$35,190,759$286,176,023
91$352,774,193$62,223,957$36,198,678$314,541,008
92$388,580,803$65,096,574$37,234,977$345,768,699
93$428,034,133$68,104,394$38,300,437$380,149,894
94$471,505,972$71,253,867$39,395,859$418,005,007
95$519,406,028$74,551,753$40,522,067$459,687,079
96$572,185,793$78,005,139$41,679,907$505,585,110
97$630,342,805$81,621,452$42,870,244$556,127,718
98$694,425,345$85,408,477$44,093,972$611,787,186
99$765,037,613$89,374,375$45,352,002$673,083,904
100$842,845,430$93,527,700$46,645,275$740,591,280