Can I retire at age 58 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$635,859$630,195$624,669$619,275$614,009$604,086
2 years$314,782$308,919$303,237$297,729$292,385$282,415
3 years$207,770$201,882$196,215$190,758$185,501$175,794
4 years$154,274$148,405$142,794$137,430$132,301$122,932
5 years$122,186$116,351$110,814$105,559$100,573$91,570
6 years$100,800$95,009$89,554$84,417$79,580$70,952
7 years$85,531$79,789$74,420$69,404$64,720$56,470
8 years$74,084$68,394$63,114$58,221$53,691$45,818
9 years$65,185$59,549$54,360$49,591$45,216$37,715
10 years$58,071$52,490$47,392$42,748$38,526$31,392
11 years$52,254$46,728$41,723$37,204$33,134$26,358
12 years$47,409$41,941$37,029$32,633$28,713$22,288
13 years$43,314$37,902$33,083$28,810$25,038$18,954
14 years$39,806$34,452$29,725$25,574$21,948$16,195
15 years$36,769$31,473$26,838$22,808$19,325$13,891
16 years$34,114$28,876$24,332$20,422$17,080$11,955
17 years$31,774$26,593$22,141$18,349$15,144$10,317
18 years$29,696$24,573$20,212$16,536$13,465$8,924
19 years$27,839$22,774$18,503$14,942$12,002$7,734
20 years$26,170$21,163$16,981$13,533$10,720$6,715
21 years$24,662$19,713$15,620$12,282$9,594$5,839
22 years$23,292$18,401$14,396$11,167$8,599$5,083
23 years$22,044$17,210$13,292$10,170$7,719$4,430
24 years$20,901$16,125$12,293$9,275$6,938$3,864
25 years$19,852$15,132$11,386$8,471$6,243$3,374
26 years$18,885$14,222$10,560$7,745$5,624$2,948
27 years$17,990$13,384$9,806$7,090$5,070$2,577
28 years$17,162$12,612$9,116$6,496$4,575$2,254
29 years$16,391$11,898$8,483$5,957$4,131$1,972
30 years$15,674$11,236$7,901$5,467$3,733$1,727
31 years$15,004$10,622$7,366$5,021$3,375$1,512
32 years$14,377$10,051$6,873$4,614$3,053$1,325
33 years$13,790$9,518$6,417$4,243$2,763$1,161
34 years$13,238$9,021$5,996$3,904$2,501$1,018
35 years$12,719$8,556$5,606$3,594$2,266$892
36 years$12,229$8,121$5,244$3,310$2,053$782
37 years$11,768$7,713$4,908$3,050$1,860$686
38 years$11,331$7,330$4,596$2,811$1,687$602
39 years$10,918$6,970$4,306$2,592$1,529$528
40 years$10,527$6,632$4,036$2,391$1,387$463
41 years$10,156$6,313$3,785$2,206$1,259$406
42 years$9,803$6,012$3,550$2,035$1,142$356
43 years$9,468$5,728$3,331$1,879$1,036$313
44 years$9,149$5,460$3,127$1,735$941$274
45 years$8,845$5,207$2,936$1,602$854$241
46 years$8,554$4,967$2,758$1,480$775$211
47 years$8,278$4,740$2,591$1,367$704$186
48 years$8,013$4,525$2,435$1,263$639$163
49 years$7,760$4,321$2,289$1,168$581$143
50 years$7,518$4,128$2,152$1,079$528$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $7,700,000, adding $3,526 every year, while hoping to spend $45,772 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: 53/39/8 Blend
57$7,700,000$7,700,000$7,700,000$7,700,000
58$8,489,037$8,080,937$7,961,587$8,922,087
59$9,306,218$8,428,202$8,179,599$9,563,434
60$10,205,217$8,790,949$8,403,381$10,255,526
61$11,194,331$9,169,888$8,633,076$11,007,367
62$12,282,703$9,565,762$8,868,835$11,824,614
63$13,480,406$9,979,351$9,110,807$12,713,482
64$14,798,537$10,411,469$9,359,149$13,680,798
65$16,249,326$10,862,970$9,614,019$14,734,068
66$17,846,248$11,334,746$9,875,579$15,881,540
67$19,604,150$11,827,733$10,143,996$17,132,283
68$21,539,392$12,342,910$10,419,438$18,496,268
69$23,670,000$12,881,303$10,702,079$19,984,455
70$26,015,838$13,443,986$10,992,098$21,608,902
71$28,598,795$14,032,082$11,289,674$23,382,867
72$31,442,987$14,646,769$11,594,993$25,320,933
73$34,574,990$15,289,279$11,908,244$27,439,142
74$38,024,090$15,960,905$12,229,621$29,755,143
75$41,822,556$16,662,997$12,559,321$32,288,353
76$46,005,945$17,396,973$12,897,547$35,060,135
77$50,613,440$18,164,313$13,244,504$38,093,999
78$55,688,219$18,966,573$13,600,403$41,415,817
79$61,277,861$19,805,378$13,965,459$45,054,058
80$67,434,793$20,682,432$14,339,893$49,040,062
81$74,216,789$21,599,519$14,723,927$53,408,320
82$81,687,515$22,558,508$15,117,791$58,196,798
83$89,917,123$23,561,357$15,521,719$63,447,293
84$98,982,922$24,610,116$15,935,950$69,205,816
85$108,970,102$25,706,933$16,360,726$75,523,020
86$119,972,538$26,854,059$16,796,296$82,454,677
87$132,093,679$28,053,849$17,242,913$90,062,191
88$145,447,520$29,308,774$17,700,836$98,413,176
89$160,159,682$30,621,418$18,170,329$107,582,081
90$176,368,594$31,994,493$18,651,660$117,650,888
91$194,226,803$33,430,835$19,145,103$128,709,878
92$213,902,411$34,933,420$19,650,938$140,858,473
93$235,580,662$36,505,362$20,169,449$154,206,164
94$259,465,690$38,149,926$20,700,927$168,873,538
95$285,782,450$39,870,532$21,245,667$184,993,405
96$314,778,833$41,670,762$21,803,970$202,712,040
97$346,728,015$43,554,370$22,376,144$222,190,556
98$381,931,028$45,525,289$22,962,501$243,606,409
99$420,719,606$47,587,642$23,563,358$267,155,064
100$463,459,315$49,745,745$24,179,039$293,051,827