Can I retire at age 58 with 8,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$668,890$662,932$657,119$651,446$645,905$621,999
2 years$331,134$324,967$318,990$313,195$307,574$283,759
3 years$218,563$212,369$206,408$200,667$195,138$172,162
4 years$162,289$156,114$150,212$144,569$139,174$117,214
5 years$128,533$122,395$116,571$111,043$105,798$84,910
6 years$106,036$99,945$94,206$88,802$83,714$63,914
7 years$89,974$83,934$78,286$73,009$68,082$49,364
8 years$77,932$71,947$66,393$61,245$56,481$38,827
9 years$68,572$62,642$57,184$52,168$47,565$30,952
10 years$61,087$55,216$49,854$44,969$40,528$24,926
11 years$54,968$49,156$43,891$39,136$34,855$20,231
12 years$49,872$44,120$38,952$34,328$30,205$16,521
13 years$45,564$39,871$34,801$30,306$26,339$13,558
14 years$41,874$36,242$31,269$26,903$23,089$11,170
15 years$38,679$33,108$28,232$23,992$20,329$9,232
16 years$35,886$30,376$25,596$21,483$17,967$7,650
17 years$33,424$27,975$23,291$19,302$15,931$6,352
18 years$31,239$25,850$21,262$17,395$14,165$5,283
19 years$29,285$23,957$19,464$15,718$12,625$4,401
20 years$27,529$22,262$17,863$14,236$11,277$3,670
21 years$25,943$20,737$16,431$12,920$10,092$3,064
22 years$24,502$19,357$15,144$11,747$9,046$2,560
23 years$23,189$18,104$13,983$10,698$8,120$2,140
24 years$21,987$16,962$12,931$9,757$7,299$1,790
25 years$20,883$15,918$11,977$8,911$6,568$1,498
26 years$19,866$14,961$11,108$8,148$5,916$1,254
27 years$18,925$14,080$10,315$7,458$5,334$1,051
28 years$18,053$13,267$9,589$6,833$4,813$880
29 years$17,243$12,516$8,923$6,266$4,346$737
30 years$16,488$11,820$8,312$5,751$3,927$618
31 years$15,783$11,174$7,749$5,281$3,550$518
32 years$15,124$10,573$7,230$4,854$3,211$434
33 years$14,506$10,013$6,751$4,463$2,906$364
34 years$13,925$9,490$6,307$4,107$2,631$305
35 years$13,379$9,001$5,897$3,781$2,383$256
36 years$12,865$8,543$5,516$3,482$2,159$215
37 years$12,379$8,114$5,163$3,208$1,957$180
38 years$11,920$7,711$4,835$2,957$1,774$151
39 years$11,486$7,333$4,530$2,726$1,609$127
40 years$11,074$6,976$4,246$2,515$1,459$106
41 years$10,683$6,641$3,981$2,320$1,324$89
42 years$10,312$6,325$3,735$2,141$1,201$75
43 years$9,960$6,026$3,504$1,977$1,090$63
44 years$9,624$5,744$3,290$1,825$990$53
45 years$9,304$5,477$3,089$1,685$898$44
46 years$8,999$5,225$2,901$1,557$816$37
47 years$8,708$4,987$2,726$1,438$741$31
48 years$8,429$4,760$2,561$1,329$673$26
49 years$8,163$4,546$2,407$1,228$611$22
50 years$7,908$4,342$2,263$1,135$555$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $8,100,000, adding $4,702 every year, while hoping to spend $57,358 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: 38/44/18 Blend
57$8,100,000$8,100,000$8,100,000$8,100,000
58$8,931,050$8,501,750$8,376,200$9,221,937
59$9,780,989$8,857,307$8,595,774$9,787,187
60$10,715,699$9,228,365$8,820,782$10,391,857
61$11,743,766$9,615,621$9,051,344$11,044,135
62$12,874,651$10,019,807$9,287,585$11,748,344
63$14,118,776$10,441,688$9,529,630$12,509,226
64$15,487,626$10,882,066$9,777,607$13,331,981
65$16,993,854$11,341,777$10,031,647$14,222,321
66$18,651,401$11,821,698$10,291,881$15,186,513
67$20,475,630$12,322,747$10,558,445$16,231,439
68$22,483,466$12,845,883$10,831,475$17,364,654
69$24,693,560$13,392,112$11,111,110$18,594,460
70$27,126,462$13,962,485$11,397,491$19,929,973
71$29,804,817$14,558,102$11,690,762$21,381,210
72$32,753,574$15,180,115$11,991,069$22,959,179
73$36,000,227$15,829,729$12,298,559$24,675,977
74$39,575,072$16,508,207$12,613,382$26,544,900
75$43,511,490$17,216,870$12,935,690$28,580,567
76$47,846,264$17,957,099$13,265,638$30,799,047
77$52,619,929$18,730,342$13,603,383$33,218,012
78$57,877,147$19,538,115$13,949,082$35,856,894
79$63,667,137$20,382,003$14,302,897$38,737,065
80$70,044,131$21,263,667$14,664,990$41,882,033
81$77,067,891$22,184,846$15,035,526$45,317,658
82$84,804,271$23,147,359$15,414,672$49,072,387
83$93,325,839$24,153,112$15,802,595$53,177,519
84$102,712,561$25,204,100$16,199,468$57,667,495
85$113,052,553$26,302,412$16,605,461$62,580,212
86$124,442,919$27,450,236$17,020,750$67,957,373
87$136,990,661$28,649,862$17,445,509$73,844,877
88$150,813,692$29,903,688$17,879,917$80,293,242
89$166,041,946$31,214,226$18,324,152$87,358,073
90$182,818,607$32,584,106$18,778,394$95,100,575
91$201,301,461$34,016,083$19,242,826$103,588,130
92$221,664,379$35,513,040$19,717,629$112,894,913
93$244,098,964$37,077,998$20,202,989$123,102,588
94$268,816,360$38,714,121$20,699,090$134,301,070
95$296,049,238$40,424,722$21,206,119$146,589,355
96$326,053,998$42,213,271$21,724,261$160,076,450
97$359,113,187$44,083,403$22,253,706$174,882,389
98$395,538,166$46,038,924$22,794,639$191,139,348
99$435,672,050$48,083,822$23,347,250$208,992,886
100$479,892,943$50,222,273$23,911,727$228,603,301