Can I retire at age 58 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,074,702
2 years$564,154$553,647$543,464$533,591$524,015$498,239
3 years$372,367$361,815$351,657$341,877$332,457$307,440
4 years$276,492$265,972$255,917$246,303$237,111$213,046
5 years$218,982$208,525$198,602$189,185$180,248$157,202
6 years$180,655$170,277$160,500$151,292$142,624$120,621
7 years$153,289$142,998$133,376$124,386$115,992$95,034
8 years$132,774$122,576$113,113$104,344$96,226$76,306
9 years$116,826$106,724$97,425$88,878$81,036$62,139
10 years$104,075$94,072$84,937$76,614$69,047$51,150
11 years$93,649$83,747$74,777$66,677$59,383$42,463
12 years$84,967$75,167$66,363$58,485$51,460$35,489
13 years$77,627$67,929$59,291$51,633$44,874$29,822
14 years$71,341$61,745$53,273$45,834$39,336$25,172
15 years$65,897$56,405$48,098$40,876$34,635$21,324
16 years$61,139$51,751$43,608$36,600$30,610$18,120
17 years$56,945$47,661$39,682$32,885$27,141$15,436
18 years$53,221$44,041$36,224$29,636$24,133$13,178
19 years$49,893$40,816$33,162$26,779$21,510$11,270
20 years$46,902$37,929$30,434$24,253$19,213$9,653
21 years$44,199$35,329$27,994$22,011$17,194$8,279
22 years$41,745$32,978$25,800$20,013$15,412$7,108
23 years$39,507$30,844$23,822$18,226$13,834$6,109
24 years$37,460$28,899$22,031$16,624$12,435$5,254
25 years$35,579$27,120$20,405$15,182$11,189$4,522
26 years$33,845$25,489$18,925$13,881$10,079$3,894
27 years$32,243$23,988$17,574$12,706$9,087$3,355
28 years$30,757$22,603$16,337$11,641$8,199$2,892
29 years$29,377$21,324$15,203$10,675$7,404$2,494
30 years$28,091$20,138$14,161$9,797$6,690$2,151
31 years$26,890$19,037$13,202$8,998$6,048$1,856
32 years$25,767$18,013$12,318$8,269$5,471$1,602
33 years$24,714$17,059$11,501$7,604$4,951$1,383
34 years$23,725$16,168$10,746$6,997$4,483$1,194
35 years$22,794$15,335$10,047$6,441$4,060$1,031
36 years$21,918$14,555$9,398$5,932$3,679$890
37 years$21,090$13,824$8,797$5,465$3,334$769
38 years$20,308$13,138$8,238$5,038$3,023$664
39 years$19,568$12,493$7,718$4,645$2,741$574
40 years$18,867$11,886$7,234$4,284$2,486$496
41 years$18,201$11,314$6,783$3,953$2,256$428
42 years$17,569$10,775$6,363$3,648$2,047$370
43 years$16,968$10,266$5,971$3,367$1,858$320
44 years$16,396$9,786$5,604$3,109$1,686$276
45 years$15,851$9,332$5,262$2,872$1,531$239
46 years$15,331$8,902$4,943$2,652$1,390$206
47 years$14,835$8,496$4,643$2,451$1,262$178
48 years$14,361$8,110$4,364$2,264$1,146$154
49 years$13,908$7,745$4,101$2,093$1,041$133
50 years$13,474$7,398$3,856$1,934$945$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,800,000, adding $3,824 every year, while hoping to spend $52,022 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: 38/33/29 Blend
57$13,800,000$13,800,000$13,800,000$13,800,000
58$15,211,544$14,480,144$14,266,244$15,658,130
59$16,707,771$15,134,321$14,688,813$16,641,630
60$18,354,869$15,818,808$15,123,793$17,698,800
61$20,168,173$16,535,036$15,571,547$18,840,391
62$22,164,578$17,284,505$16,032,446$20,074,107
63$24,362,703$18,068,784$16,506,871$21,408,404
64$26,783,063$18,889,519$16,995,216$22,852,560
65$29,448,264$19,748,433$17,497,884$24,416,759
66$32,383,216$20,647,335$18,015,291$26,112,182
67$35,615,365$21,588,116$18,547,865$27,951,108
68$39,174,960$22,572,761$19,096,046$29,947,021
69$43,095,329$23,603,349$19,660,286$32,114,733
70$47,413,197$24,682,058$20,241,051$34,470,518
71$52,169,035$25,811,171$20,838,819$37,032,256
72$57,407,440$26,993,082$21,454,082$39,819,600
73$63,177,552$28,230,296$22,087,347$42,854,146
74$69,533,524$29,525,442$22,739,135$46,159,638
75$76,535,029$30,881,274$23,409,981$49,762,179
76$84,247,824$32,300,679$24,100,437$53,690,470
77$92,744,370$33,786,680$24,811,070$57,976,070
78$102,104,516$35,342,447$25,542,461$62,653,691
79$112,416,254$36,971,305$26,295,211$67,761,510
80$123,776,548$38,676,734$27,069,936$73,341,521
81$136,292,247$40,462,386$27,867,270$79,439,923
82$150,081,098$42,332,084$28,687,866$86,107,544
83$165,272,853$44,289,840$29,532,393$93,400,307
84$182,010,498$46,339,855$30,401,541$101,379,751
85$200,451,596$48,486,536$31,296,020$110,113,595
86$220,769,781$50,734,498$32,216,559$119,676,367
87$243,156,393$53,088,583$33,163,908$130,150,094
88$267,822,284$55,553,863$34,138,838$141,625,058
89$294,999,810$58,135,655$35,142,143$154,200,640
90$324,945,023$60,839,535$36,174,637$167,986,239
91$357,940,087$63,671,344$37,237,159$183,102,288
92$394,295,944$66,637,208$38,330,572$199,681,377
93$434,355,247$69,743,547$39,455,763$217,869,482
94$478,495,594$72,997,093$40,613,642$237,827,331
95$527,133,093$76,404,899$41,805,148$259,731,896
96$580,726,293$79,974,363$43,031,244$283,778,049
97$639,780,505$83,713,238$44,292,922$310,180,377
98$704,852,582$87,629,652$45,591,200$339,175,184
99$776,556,166$91,732,125$46,927,126$371,022,705
100$855,567,487$96,029,592$48,301,777$406,009,533