Can I retire at age 58 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$644,117$638,379$632,782$627,318$621,983$598,487
2 years$318,870$312,931$307,176$301,595$296,182$272,784
3 years$210,468$204,504$198,763$193,235$187,910$165,345
4 years$156,278$150,332$144,648$139,215$134,019$112,459
5 years$123,772$117,862$112,253$106,930$101,879$81,379
6 years$102,109$96,243$90,717$85,513$80,614$61,189
7 years$86,641$80,825$75,386$70,305$65,560$47,205
8 years$75,046$69,282$63,934$58,977$54,389$37,085
9 years$66,032$60,322$55,066$50,235$45,803$29,527
10 years$58,825$53,171$48,008$43,303$39,027$23,748
11 years$52,932$47,335$42,265$37,687$33,564$19,250
12 years$48,025$42,486$37,509$33,057$29,086$15,699
13 years$43,876$38,395$33,512$29,184$25,364$12,866
14 years$40,323$34,900$30,111$25,906$22,234$10,585
15 years$37,246$31,881$27,186$23,104$19,576$8,736
16 years$34,557$29,251$24,648$20,687$17,301$7,228
17 years$32,186$26,939$22,429$18,587$15,341$5,993
18 years$30,082$24,893$20,475$16,751$13,640$4,977
19 years$28,201$23,070$18,744$15,136$12,158$4,140
20 years$26,510$21,438$17,202$13,708$10,860$3,447
21 years$24,982$19,969$15,822$12,441$9,718$2,873
22 years$23,595$18,640$14,583$11,312$8,711$2,397
23 years$22,330$17,434$13,465$10,302$7,819$2,001
24 years$21,173$16,334$12,453$9,396$7,028$1,671
25 years$20,110$15,329$11,534$8,581$6,324$1,396
26 years$19,130$14,407$10,697$7,846$5,697$1,167
27 years$18,224$13,558$9,933$7,182$5,136$976
28 years$17,384$12,776$9,234$6,580$4,634$816
29 years$16,604$12,053$8,593$6,034$4,185$683
30 years$15,877$11,382$8,004$5,538$3,781$571
31 years$15,199$10,760$7,462$5,086$3,419$478
32 years$14,564$10,181$6,962$4,674$3,092$400
33 years$13,969$9,642$6,501$4,298$2,799$335
34 years$13,410$9,138$6,074$3,955$2,534$280
35 years$12,884$8,667$5,678$3,640$2,295$235
36 years$12,388$8,227$5,312$3,353$2,079$197
37 years$11,921$7,813$4,972$3,089$1,885$165
38 years$11,479$7,426$4,656$2,847$1,709$138
39 years$11,060$7,061$4,362$2,625$1,549$115
40 years$10,664$6,718$4,089$2,422$1,405$97
41 years$10,288$6,395$3,834$2,234$1,275$81
42 years$9,931$6,090$3,596$2,062$1,157$68
43 years$9,591$5,803$3,375$1,903$1,050$57
44 years$9,268$5,531$3,168$1,757$953$48
45 years$8,959$5,275$2,974$1,623$865$40
46 years$8,666$5,032$2,794$1,499$786$33
47 years$8,385$4,802$2,625$1,385$713$28
48 years$8,117$4,584$2,466$1,280$648$23
49 years$7,861$4,377$2,318$1,183$588$20
50 years$7,616$4,182$2,179$1,093$534$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $7,800,000, adding $2,555 every year, while hoping to spend $38,975 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: 47/45/8 Blend
57$7,800,000$7,800,000$7,800,000$7,800,000
58$8,598,235$8,184,835$8,063,935$8,983,556
59$9,433,786$8,544,423$8,292,608$9,608,177
60$10,353,257$8,920,325$8,527,635$10,281,379
61$11,365,167$9,313,298$8,769,188$11,011,060
62$12,478,901$9,724,137$9,017,443$11,802,470
63$13,704,803$10,153,673$9,272,581$12,661,375
64$15,054,267$10,602,778$9,534,788$13,594,104
65$16,539,852$11,072,364$9,804,253$14,607,606
66$18,175,393$11,563,385$10,081,171$15,709,515
67$19,976,136$12,076,844$10,365,743$16,908,216
68$21,958,881$12,613,789$10,658,175$18,212,923
69$24,142,139$13,175,316$10,958,676$19,633,760
70$26,546,308$13,762,578$11,267,462$21,181,852
71$29,193,865$14,376,777$11,584,755$22,869,428
72$32,109,577$15,019,178$11,910,783$24,709,931
73$35,320,737$15,691,100$12,245,777$26,718,140
74$38,857,419$16,393,931$12,589,978$28,910,305
75$42,752,762$17,129,120$12,943,628$31,304,296
76$47,043,285$17,898,188$13,306,981$33,919,766
77$51,769,228$18,702,727$13,680,293$36,778,330
78$56,974,934$19,544,406$14,063,828$39,903,764
79$62,709,268$20,424,972$14,457,856$43,322,226
80$69,026,075$21,346,257$14,862,656$47,062,490
81$75,984,690$22,310,180$15,278,510$51,156,220
82$83,650,500$23,318,750$15,705,712$55,638,254
83$92,095,557$24,374,074$16,144,559$60,546,930
84$101,399,259$25,478,360$16,595,358$65,924,440
85$111,649,103$26,633,919$17,058,422$71,817,218
86$122,941,505$27,843,175$17,534,072$78,276,373
87$135,382,715$29,108,666$18,022,640$85,358,163
88$149,089,815$30,433,054$18,524,461$93,124,512
89$164,191,828$31,819,125$19,039,882$101,643,592
90$180,830,934$33,269,802$19,569,258$110,990,452
91$199,163,812$34,788,146$20,112,951$121,247,718
92$219,363,120$36,377,364$20,671,334$132,506,361
93$241,619,122$38,040,819$21,244,788$144,866,546
94$266,141,487$39,782,033$21,833,703$158,438,564
95$293,161,265$41,604,699$22,438,478$173,343,861
96$322,933,071$43,512,686$23,059,524$189,716,174
97$355,737,486$45,510,050$23,697,260$207,702,775
98$391,883,707$47,601,039$24,352,115$227,465,852
99$431,712,463$49,790,108$25,024,529$249,184,021
100$475,599,236$52,081,925$25,714,953$273,054,001