Can I retire at age 58 with 13,900,000?

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 $13,900,000?

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$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,091,391
2 years$568,242$557,659$547,403$537,458$527,812$510,712
3 years$375,065$364,436$354,206$344,355$334,866$318,211
4 years$278,495$267,899$257,771$248,088$238,829$222,749
5 years$220,569$210,036$200,041$190,555$181,554$166,095
6 years$181,964$171,510$161,663$152,389$143,658$128,837
7 years$154,399$144,034$134,343$125,287$116,832$102,655
8 years$133,736$123,464$113,933$105,100$96,923$83,387
9 years$117,672$107,498$98,131$89,522$81,624$68,722
10 years$104,829$94,754$85,552$77,169$69,547$57,270
11 years$94,328$84,354$75,319$67,160$59,813$48,147
12 years$85,583$75,711$66,844$58,908$51,833$40,764
13 years$78,190$68,421$59,720$52,007$45,199$34,712
14 years$71,858$62,193$53,659$46,166$39,621$29,699
15 years$66,375$56,814$48,447$41,172$34,886$25,510
16 years$61,582$52,126$43,924$36,865$30,832$21,984
17 years$57,358$48,006$39,969$33,123$27,338$18,999
18 years$53,607$44,360$36,487$29,851$24,308$16,457
19 years$50,255$41,112$33,402$26,973$21,666$14,285
20 years$47,242$38,203$30,655$24,429$19,352$12,421
21 years$44,519$35,585$28,196$22,171$17,318$10,816
22 years$42,047$33,217$25,987$20,158$15,523$9,430
23 years$39,794$31,067$23,995$18,359$13,935$8,232
24 years$37,731$29,108$22,191$16,744$12,525$7,192
25 years$35,836$27,317$20,553$15,292$11,270$6,289
26 years$34,090$25,673$19,062$13,982$10,152$5,503
27 years$32,476$24,161$17,701$12,798$9,153$4,819
28 years$30,980$22,767$16,455$11,726$8,259$4,222
29 years$29,590$21,478$15,313$10,753$7,457$3,701
30 years$28,294$20,284$14,264$9,868$6,738$3,245
31 years$27,085$19,175$13,297$9,063$6,092$2,847
32 years$25,954$18,144$12,407$8,329$5,511$2,498
33 years$24,893$17,182$11,584$7,660$4,987$2,192
34 years$23,897$16,285$10,824$7,047$4,515$1,925
35 years$22,960$15,446$10,119$6,488$4,090$1,690
36 years$22,076$14,660$9,466$5,975$3,705$1,485
37 years$21,243$13,924$8,860$5,505$3,358$1,304
38 years$20,455$13,233$8,297$5,074$3,045$1,146
39 years$19,710$12,583$7,774$4,679$2,761$1,007
40 years$19,003$11,972$7,286$4,315$2,504$885
41 years$18,333$11,396$6,832$3,981$2,272$778
42 years$17,697$10,853$6,409$3,674$2,062$684
43 years$17,091$10,341$6,014$3,392$1,871$601
44 years$16,515$9,857$5,645$3,132$1,698$528
45 years$15,966$9,400$5,301$2,892$1,542$464
46 years$15,442$8,967$4,978$2,672$1,400$408
47 years$14,943$8,557$4,677$2,468$1,271$359
48 years$14,465$8,169$4,395$2,281$1,154$316
49 years$14,008$7,801$4,131$2,108$1,048$277
50 years$13,571$7,452$3,884$1,948$952$244

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,900,000, adding $6,566 every year, while hoping to spend $29,001 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: 47/40/13 Blend
57$13,900,000$13,900,000$13,900,000$13,900,000
58$15,324,573$14,587,873$14,372,423$15,988,801
59$16,856,822$15,271,822$14,823,042$17,132,647
60$18,544,389$15,988,312$15,287,785$18,369,856
61$20,403,086$16,738,908$15,767,095$19,711,968
62$22,450,335$17,525,249$16,261,427$21,168,760
63$24,705,337$18,349,054$16,771,252$22,750,958
64$27,189,248$19,212,125$17,297,056$24,470,343
65$29,925,384$20,116,351$17,839,340$26,339,851
66$32,939,434$21,063,714$18,398,619$28,373,688
67$36,259,710$22,056,289$18,975,427$30,587,460
68$39,917,409$23,096,255$19,570,311$32,998,313
69$43,946,908$24,185,895$20,183,840$35,625,088
70$48,386,090$25,327,602$20,816,596$38,488,487
71$53,276,702$26,523,885$21,469,183$41,611,268
72$58,664,745$27,777,375$22,142,221$45,018,443
73$64,600,915$29,090,832$22,836,351$48,737,514
74$71,141,073$30,467,148$23,552,233$52,798,716
75$78,346,780$31,909,356$24,290,551$57,235,298
76$86,285,873$33,420,635$25,052,005$62,083,824
77$95,033,106$35,004,320$25,837,321$67,384,510
78$104,670,858$36,663,907$26,647,247$73,181,590
79$115,289,909$38,403,062$27,482,553$79,523,724
80$126,990,295$40,225,628$28,344,034$86,464,445
81$139,882,257$42,135,635$29,232,511$94,062,652
82$154,087,276$44,137,310$30,148,829$102,383,152
83$169,739,223$46,235,083$31,093,859$111,497,259
84$186,985,623$48,433,601$32,068,503$121,483,453
85$205,989,044$50,737,736$33,073,686$132,428,103
86$226,928,638$53,152,596$34,110,365$144,426,272
87$250,001,825$55,683,539$35,179,528$157,582,590
88$275,426,161$58,336,182$36,282,192$172,012,235
89$303,441,389$61,116,415$37,419,405$187,841,990
90$334,311,706$64,030,414$38,592,251$205,211,431
91$368,328,254$67,084,658$39,801,845$224,274,220
92$405,811,866$70,285,937$41,049,338$245,199,535
93$447,116,103$73,641,374$42,335,917$268,173,645
94$492,630,582$77,158,438$43,662,806$293,401,649
95$542,784,659$80,844,960$45,031,268$321,109,383
96$598,051,484$84,709,152$46,442,605$351,545,531
97$658,952,463$88,759,628$47,898,160$384,983,945
98$726,062,183$93,005,419$49,399,317$421,726,202
99$800,013,836$97,455,995$50,947,505$462,104,424
100$881,505,197$102,121,289$52,544,196$506,484,382