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%14.2%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,081,311
2 years$564,154$553,647$543,464$533,591$524,015$504,814
3 years$372,367$361,815$351,657$341,877$332,457$313,772
4 years$276,492$265,972$255,917$246,303$237,111$219,088
5 years$218,982$208,525$198,602$189,185$180,248$162,937
6 years$180,655$170,277$160,500$151,292$142,624$126,046
7 years$153,289$142,998$133,376$124,386$115,992$100,150
8 years$132,774$122,576$113,113$104,344$96,226$81,118
9 years$116,826$106,724$97,425$88,878$81,036$66,653
10 years$104,075$94,072$84,937$76,614$69,047$55,376
11 years$93,649$83,747$74,777$66,677$59,383$46,409
12 years$84,967$75,167$66,363$58,485$51,460$39,167
13 years$77,627$67,929$59,291$51,633$44,874$33,242
14 years$71,341$61,745$53,273$45,834$39,336$28,346
15 years$65,897$56,405$48,098$40,876$34,635$24,264
16 years$61,139$51,751$43,608$36,600$30,610$20,838
17 years$56,945$47,661$39,682$32,885$27,141$17,944
18 years$53,221$44,041$36,224$29,636$24,133$15,488
19 years$49,893$40,816$33,162$26,779$21,510$13,394
20 years$46,902$37,929$30,434$24,253$19,213$11,603
21 years$44,199$35,329$27,994$22,011$17,194$10,065
22 years$41,745$32,978$25,800$20,013$15,412$8,742
23 years$39,507$30,844$23,822$18,226$13,834$7,602
24 years$37,460$28,899$22,031$16,624$12,435$6,616
25 years$35,579$27,120$20,405$15,182$11,189$5,762
26 years$33,845$25,489$18,925$13,881$10,079$5,022
27 years$32,243$23,988$17,574$12,706$9,087$4,380
28 years$30,757$22,603$16,337$11,641$8,199$3,822
29 years$29,377$21,324$15,203$10,675$7,404$3,336
30 years$28,091$20,138$14,161$9,797$6,690$2,914
31 years$26,890$19,037$13,202$8,998$6,048$2,545
32 years$25,767$18,013$12,318$8,269$5,471$2,224
33 years$24,714$17,059$11,501$7,604$4,951$1,944
34 years$23,725$16,168$10,746$6,997$4,483$1,700
35 years$22,794$15,335$10,047$6,441$4,060$1,486
36 years$21,918$14,555$9,398$5,932$3,679$1,300
37 years$21,090$13,824$8,797$5,465$3,334$1,137
38 years$20,308$13,138$8,238$5,038$3,023$995
39 years$19,568$12,493$7,718$4,645$2,741$870
40 years$18,867$11,886$7,234$4,284$2,486$762
41 years$18,201$11,314$6,783$3,953$2,256$667
42 years$17,569$10,775$6,363$3,648$2,047$583
43 years$16,968$10,266$5,971$3,367$1,858$511
44 years$16,396$9,786$5,604$3,109$1,686$447
45 years$15,851$9,332$5,262$2,872$1,531$391
46 years$15,331$8,902$4,943$2,652$1,390$342
47 years$14,835$8,496$4,643$2,451$1,262$300
48 years$14,361$8,110$4,364$2,264$1,146$262
49 years$13,908$7,745$4,101$2,093$1,041$230
50 years$13,474$7,398$3,856$1,934$945$201

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 $5,670 every year, while hoping to spend $45,693 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: 83/8/9 Blend
57$13,800,000$13,800,000$13,800,000$13,800,000
58$15,213,449$14,482,049$14,268,149$16,457,083
59$16,716,603$15,143,052$14,697,515$17,932,356
60$18,371,548$15,834,913$15,139,733$19,545,402
61$20,193,718$16,559,096$15,595,186$21,315,350
62$22,200,120$17,317,134$16,064,267$23,257,921
63$24,409,494$18,110,635$16,547,382$25,390,428
64$26,842,490$18,941,284$17,044,947$27,731,941
65$29,521,864$19,810,847$17,557,392$30,303,459
66$32,472,689$20,721,173$18,085,160$33,128,115
67$35,722,596$21,674,203$18,628,705$36,231,385
68$39,302,030$22,671,969$19,188,496$39,641,331
69$43,244,542$23,716,600$19,765,016$43,388,865
70$47,587,102$24,810,330$20,358,761$47,508,036
71$52,370,449$25,955,499$20,970,242$52,036,349
72$57,639,476$27,154,559$21,599,986$57,015,121
73$63,443,651$28,410,082$22,248,534$62,489,866
74$69,837,488$29,724,760$22,916,445$68,510,723
75$76,881,058$31,101,420$23,604,292$75,132,928
76$84,640,557$32,543,020$24,312,666$82,417,330
77$93,188,930$34,052,664$25,042,177$90,430,967
78$102,606,561$35,633,605$25,793,449$99,247,694
79$112,982,029$37,289,250$26,567,129$108,948,878
80$124,412,948$39,023,175$27,363,879$119,624,164
81$137,006,882$40,839,125$28,184,384$131,372,315
82$150,882,369$42,741,026$29,029,345$144,302,146
83$166,170,029$44,732,995$29,899,487$158,533,547
84$183,013,807$46,819,347$30,795,555$174,198,606
85$201,572,326$49,004,605$31,718,316$191,442,863
86$222,020,383$51,293,511$32,668,559$210,426,669
87$244,550,604$53,691,035$33,647,098$231,326,704
88$269,375,258$56,202,388$34,654,768$254,337,637
89$296,728,262$58,833,033$35,692,430$279,673,962
90$326,867,389$61,588,696$36,760,972$307,572,018
91$360,076,702$64,475,381$37,861,304$338,292,213
92$396,669,233$67,499,383$38,994,365$372,121,482
93$436,989,941$70,667,299$40,161,122$409,375,989
94$481,418,966$73,986,046$41,362,570$450,404,105
95$530,375,216$77,462,878$42,599,732$495,589,694
96$584,320,326$81,105,398$43,873,661$545,355,732
97$643,763,013$84,921,576$45,185,443$600,168,291
98$709,263,878$88,919,771$46,536,192$660,540,936
99$781,440,698$93,108,744$47,927,059$727,039,566
100$860,974,258$97,497,681$49,359,224$800,287,750