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%20%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,048,699
2 years$560,066$549,635$539,526$529,725$520,218$476,681
3 years$369,668$359,193$349,109$339,400$330,048$288,104
4 years$274,488$264,045$254,062$244,518$235,393$195,361
5 years$217,395$207,014$197,163$187,814$178,942$140,924
6 years$179,346$169,043$159,337$150,196$141,591$105,610
7 years$152,178$141,962$132,410$123,484$115,151$81,194
8 years$131,811$121,687$112,294$103,588$95,529$63,561
9 years$115,979$105,951$96,719$88,234$80,449$50,421
10 years$103,321$93,390$84,321$76,059$68,547$40,399
11 years$92,971$83,140$74,235$66,194$58,952$32,619
12 years$84,352$74,622$65,882$58,061$51,087$26,495
13 years$77,065$67,437$58,861$51,259$44,549$21,624
14 years$70,824$61,298$52,887$45,502$39,051$17,716
15 years$65,420$55,997$47,750$40,580$34,384$14,558
16 years$60,696$51,376$43,292$36,335$30,388$11,993
17 years$56,533$47,315$39,394$32,647$26,945$9,900
18 years$52,836$43,721$35,962$29,421$23,958$8,185
19 years$49,532$40,521$32,921$26,584$21,354$6,777
20 years$46,562$37,654$30,214$24,077$19,074$5,617
21 years$43,878$35,073$27,791$21,852$17,069$4,660
22 years$41,442$32,739$25,613$19,868$15,300$3,869
23 years$39,221$30,620$23,649$18,094$13,734$3,215
24 years$37,188$28,689$21,872$16,503$12,345$2,672
25 years$35,321$26,924$20,258$15,072$11,108$2,222
26 years$33,600$25,304$18,788$13,781$10,006$1,848
27 years$32,009$23,814$17,446$12,614$9,021$1,538
28 years$30,534$22,440$16,219$11,557$8,140$1,280
29 years$29,164$21,169$15,093$10,598$7,350$1,066
30 years$27,887$19,992$14,058$9,726$6,641$887
31 years$26,695$18,899$13,106$8,933$6,004$739
32 years$25,580$17,882$12,228$8,210$5,431$615
33 years$24,535$16,935$11,418$7,549$4,915$513
34 years$23,553$16,051$10,668$6,946$4,450$427
35 years$22,629$15,224$9,974$6,394$4,031$356
36 years$21,759$14,449$9,330$5,889$3,652$296
37 years$20,937$13,724$8,733$5,426$3,310$247
38 years$20,161$13,042$8,178$5,001$3,001$206
39 years$19,426$12,402$7,662$4,611$2,721$171
40 years$18,730$11,800$7,182$4,253$2,468$143
41 years$18,070$11,232$6,734$3,924$2,239$119
42 years$17,442$10,697$6,317$3,622$2,032$99
43 years$16,845$10,192$5,927$3,343$1,844$83
44 years$16,278$9,715$5,564$3,087$1,674$69
45 years$15,736$9,264$5,224$2,851$1,520$57
46 years$15,220$8,838$4,907$2,633$1,380$48
47 years$14,728$8,434$4,610$2,433$1,253$40
48 years$14,257$8,051$4,332$2,248$1,138$33
49 years$13,807$7,689$4,072$2,078$1,033$28
50 years$13,376$7,344$3,828$1,920$939$23

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 $4,370 every year, while hoping to spend $33,915 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: 63/31/6 Blend
57$13,700,000$13,700,000$13,700,000$13,700,000
58$15,101,908$14,375,808$14,163,458$16,037,428
59$16,606,217$15,044,137$14,601,848$17,329,635
60$18,262,829$15,744,078$15,053,788$18,735,486
61$20,087,243$16,477,143$15,519,696$20,269,476
62$22,096,538$17,244,919$16,000,001$21,944,004
63$24,309,534$18,049,069$16,495,150$23,772,705
64$26,746,968$18,891,335$17,005,599$25,770,573
65$29,431,693$19,773,545$17,531,821$27,954,095
66$32,388,891$20,697,614$18,074,303$30,341,408
67$35,646,311$21,665,550$18,633,545$32,952,461
68$39,234,530$22,679,458$19,210,065$35,809,200
69$43,187,246$23,741,545$19,804,395$38,935,769
70$47,541,588$24,854,124$20,417,086$42,358,734
71$52,338,475$26,019,620$21,048,703$46,107,325
72$57,622,995$27,240,577$21,699,830$50,213,710
73$63,444,835$28,519,660$22,371,069$54,713,287
74$69,858,748$29,859,663$23,063,039$59,645,018
75$76,925,069$31,263,516$23,776,380$65,051,783
76$84,710,289$32,734,291$24,511,752$70,980,783
77$93,287,675$34,275,208$25,269,832$77,483,976
78$102,737,968$35,889,643$26,051,322$84,618,556
79$113,150,142$37,581,137$26,856,942$92,447,493
80$124,622,244$39,353,400$27,687,437$101,040,108
81$137,262,321$41,210,324$28,543,574$110,472,727
82$151,189,436$43,155,988$29,426,142$120,829,388
83$166,534,797$45,194,671$30,335,957$132,202,624
84$183,442,993$47,330,855$31,273,857$144,694,328
85$202,073,356$49,569,245$32,240,709$158,416,701
86$222,601,470$51,914,770$33,237,405$173,493,303
87$245,220,826$54,372,600$34,264,864$190,060,206
88$270,144,647$56,948,154$35,324,034$208,267,262
89$297,607,904$59,647,117$36,415,892$228,279,512
90$327,869,531$62,475,446$37,541,445$250,278,724
91$361,214,871$65,439,391$38,701,731$274,465,096
92$397,958,369$68,545,502$39,897,820$301,059,133
93$438,446,541$71,800,650$41,130,815$330,303,708
94$483,061,243$75,212,037$42,401,853$362,466,343
95$532,223,279$78,787,216$43,712,105$397,841,714
96$586,396,372$82,534,108$45,062,778$436,754,415
97$646,091,539$86,461,016$46,455,118$479,562,004
98$711,871,919$90,576,649$47,890,408$526,658,356
99$784,358,088$94,890,138$49,369,969$578,477,365
100$864,233,915$99,411,058$50,895,166$635,497,013