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%12.7%
1 years$635,859$630,195$624,669$619,275$614,009$607,092
2 years$314,782$308,919$303,237$297,729$292,385$285,422
3 years$207,770$201,882$196,215$190,758$185,501$178,707
4 years$154,274$148,405$142,794$137,430$132,301$125,729
5 years$122,186$116,351$110,814$105,559$100,573$94,243
6 years$100,800$95,009$89,554$84,417$79,580$73,499
7 years$85,531$79,789$74,420$69,404$64,720$58,890
8 years$74,084$68,394$63,114$58,221$53,691$48,113
9 years$65,185$59,549$54,360$49,591$45,216$39,886
10 years$58,071$52,490$47,392$42,748$38,526$33,442
11 years$52,254$46,728$41,723$37,204$33,134$28,291
12 years$47,409$41,941$37,029$32,633$28,713$24,106
13 years$43,314$37,902$33,083$28,810$25,038$20,661
14 years$39,806$34,452$29,725$25,574$21,948$17,796
15 years$36,769$31,473$26,838$22,808$19,325$15,390
16 years$34,114$28,876$24,332$20,422$17,080$13,355
17 years$31,774$26,593$22,141$18,349$15,144$11,623
18 years$29,696$24,573$20,212$16,536$13,465$10,141
19 years$27,839$22,774$18,503$14,942$12,002$8,867
20 years$26,170$21,163$16,981$13,533$10,720$7,767
21 years$24,662$19,713$15,620$12,282$9,594$6,815
22 years$23,292$18,401$14,396$11,167$8,599$5,987
23 years$22,044$17,210$13,292$10,170$7,719$5,266
24 years$20,901$16,125$12,293$9,275$6,938$4,637
25 years$19,852$15,132$11,386$8,471$6,243$4,087
26 years$18,885$14,222$10,560$7,745$5,624$3,605
27 years$17,990$13,384$9,806$7,090$5,070$3,182
28 years$17,162$12,612$9,116$6,496$4,575$2,810
29 years$16,391$11,898$8,483$5,957$4,131$2,483
30 years$15,674$11,236$7,901$5,467$3,733$2,196
31 years$15,004$10,622$7,366$5,021$3,375$1,942
32 years$14,377$10,051$6,873$4,614$3,053$1,718
33 years$13,790$9,518$6,417$4,243$2,763$1,521
34 years$13,238$9,021$5,996$3,904$2,501$1,346
35 years$12,719$8,556$5,606$3,594$2,266$1,192
36 years$12,229$8,121$5,244$3,310$2,053$1,056
37 years$11,768$7,713$4,908$3,050$1,860$936
38 years$11,331$7,330$4,596$2,811$1,687$829
39 years$10,918$6,970$4,306$2,592$1,529$735
40 years$10,527$6,632$4,036$2,391$1,387$651
41 years$10,156$6,313$3,785$2,206$1,259$577
42 years$9,803$6,012$3,550$2,035$1,142$512
43 years$9,468$5,728$3,331$1,879$1,036$454
44 years$9,149$5,460$3,127$1,735$941$402
45 years$8,845$5,207$2,936$1,602$854$357
46 years$8,554$4,967$2,758$1,480$775$316
47 years$8,278$4,740$2,591$1,367$704$281
48 years$8,013$4,525$2,435$1,263$639$249
49 years$7,760$4,321$2,289$1,168$581$221
50 years$7,518$4,128$2,152$1,079$528$196

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 $2,565 every year, while hoping to spend $24,308 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: 74/18/8 Blend
57$7,700,000$7,700,000$7,700,000$7,700,000
58$8,488,046$8,079,946$7,960,596$9,105,439
59$9,327,963$8,450,000$8,201,412$9,882,639
60$10,252,737$8,837,371$8,449,481$10,730,498
61$11,270,998$9,242,884$8,705,020$11,658,639
62$12,392,254$9,667,400$8,968,253$12,674,998
63$13,626,984$10,111,823$9,239,410$13,788,309
64$14,986,735$10,577,100$9,518,728$15,008,186
65$16,484,228$11,064,225$9,806,453$16,345,213
66$18,133,485$11,574,238$10,102,834$17,811,039
67$19,949,954$12,108,228$10,408,132$19,418,492
68$21,950,658$12,667,341$10,722,614$21,181,690
69$24,154,357$13,252,772$11,046,553$23,116,180
70$26,581,723$13,865,779$11,380,234$25,239,082
71$29,255,534$14,507,678$11,723,947$27,569,242
72$32,200,892$15,179,847$12,077,993$30,127,417
73$35,445,456$15,883,734$12,442,679$32,936,461
74$39,019,709$16,620,853$12,818,325$36,021,543
75$42,957,238$17,392,793$13,205,258$39,410,382
76$47,295,057$18,201,221$13,603,815$43,133,503
77$52,073,954$19,047,881$14,014,343$47,224,526
78$57,338,874$19,934,604$14,437,200$51,720,480
79$63,139,347$20,863,308$14,872,755$56,662,147
80$69,529,954$21,836,003$15,321,385$62,094,448
81$76,570,839$22,854,798$15,783,482$68,066,860
82$84,328,284$23,921,902$16,259,447$74,633,884
83$92,875,325$25,039,631$16,749,695$81,855,553
84$102,292,449$26,210,414$17,254,651$89,797,996
85$112,668,351$27,436,796$17,774,754$98,534,058
86$124,100,770$28,721,447$18,310,455$108,143,985
87$136,697,414$30,067,163$18,862,221$118,716,178
88$150,576,974$31,476,877$19,430,529$130,348,020
89$165,870,246$32,953,665$20,015,873$143,146,796
90$182,721,366$34,500,750$20,618,760$157,230,694
91$201,289,170$36,121,512$21,239,713$172,729,925
92$221,748,692$37,819,492$21,879,269$189,787,938
93$244,292,818$39,598,407$22,537,984$208,562,776
94$269,134,106$41,462,149$23,216,428$229,228,559
95$296,506,794$43,414,803$23,915,187$251,977,121
96$326,669,007$45,460,649$24,634,866$277,019,819
97$359,905,199$47,604,174$25,376,087$304,589,517
98$396,528,836$49,850,085$26,139,493$334,942,782
99$436,885,352$52,203,315$26,925,741$368,362,296
100$481,355,417$54,669,036$27,735,512$405,159,518