Can I retire at age 58 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$677,148$671,117$665,232$659,488$653,880$632,695
2 years$335,222$328,979$322,928$317,062$311,371$290,227
3 years$221,261$214,991$208,956$203,144$197,547$177,106
4 years$164,292$158,041$152,066$146,354$140,892$121,312
5 years$130,120$123,906$118,010$112,414$107,104$88,437
6 years$107,345$101,179$95,369$89,898$84,748$67,009
7 years$91,085$84,970$79,252$73,910$68,922$52,110
8 years$78,894$72,835$67,212$62,002$57,178$41,280
9 years$69,418$63,416$57,890$52,812$48,152$33,150
10 years$61,842$55,898$50,470$45,524$41,028$26,899
11 years$55,647$49,763$44,433$39,620$35,285$22,003
12 years$50,488$44,664$39,433$34,752$30,578$18,113
13 years$46,126$40,363$35,231$30,681$26,664$14,986
14 years$42,391$36,689$31,655$27,235$23,374$12,450
15 years$39,156$33,516$28,580$24,289$20,580$10,378
16 years$36,329$30,751$25,912$21,748$18,189$8,674
17 years$33,837$28,320$23,579$19,540$16,127$7,267
18 years$31,624$26,169$21,525$17,610$14,340$6,099
19 years$29,647$24,253$19,705$15,912$12,781$5,127
20 years$27,869$22,537$18,084$14,411$11,416$4,315
21 years$26,263$20,993$16,634$13,079$10,216$3,636
22 years$24,805$19,596$15,331$11,892$9,158$3,066
23 years$23,475$18,328$14,155$10,830$8,220$2,588
24 years$22,259$17,172$13,091$9,878$7,389$2,186
25 years$21,141$16,115$12,125$9,021$6,649$1,847
26 years$20,111$15,145$11,245$8,248$5,989$1,561
27 years$19,159$14,254$10,442$7,550$5,400$1,320
28 years$18,276$13,431$9,707$6,917$4,872$1,117
29 years$17,456$12,671$9,034$6,343$4,399$945
30 years$16,692$11,966$8,414$5,822$3,975$800
31 years$15,978$11,312$7,845$5,347$3,594$677
32 years$15,311$10,703$7,319$4,914$3,251$573
33 years$14,685$10,136$6,834$4,519$2,942$486
34 years$14,097$9,607$6,385$4,157$2,664$411
35 years$13,544$9,112$5,970$3,827$2,413$348
36 years$13,023$8,649$5,585$3,525$2,186$295
37 years$12,532$8,214$5,227$3,248$1,981$250
38 years$12,067$7,806$4,895$2,993$1,796$212
39 years$11,627$7,423$4,586$2,760$1,629$179
40 years$11,211$7,062$4,298$2,546$1,477$152
41 years$10,815$6,723$4,031$2,349$1,340$129
42 years$10,440$6,403$3,781$2,168$1,216$109
43 years$10,083$6,100$3,548$2,001$1,104$92
44 years$9,743$5,815$3,330$1,848$1,002$78
45 years$9,419$5,545$3,127$1,706$910$66
46 years$9,110$5,290$2,937$1,576$826$56
47 years$8,815$5,048$2,759$1,456$750$48
48 years$8,533$4,819$2,593$1,346$681$40
49 years$8,264$4,602$2,437$1,244$619$34
50 years$8,006$4,396$2,291$1,149$562$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $8,200,000, adding $4,904 every year, while hoping to spend $33,894 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: 27/44/29 Blend
57$8,200,000$8,200,000$8,200,000$8,200,000
58$9,041,458$8,606,858$8,479,758$9,203,990
59$9,927,624$8,992,532$8,727,767$9,722,422
60$10,903,043$9,395,967$8,982,949$10,275,406
61$11,976,783$9,817,998$9,245,507$10,868,441
62$13,158,835$10,259,501$9,515,652$11,504,967
63$14,460,210$10,721,390$9,793,600$12,188,746
64$15,893,040$11,204,626$10,079,574$12,923,898
65$17,470,691$11,710,214$10,373,801$13,714,934
66$19,207,894$12,239,208$10,676,516$14,566,793
67$21,120,881$12,792,711$10,987,961$15,484,885
68$23,227,537$13,371,879$11,308,383$16,475,142
69$25,547,569$13,977,925$11,638,038$17,544,062
70$28,102,696$14,612,118$11,977,187$18,698,772
71$30,916,848$15,275,789$12,326,100$19,947,087
72$34,016,396$15,970,332$12,685,053$21,297,580
73$37,430,397$16,697,207$13,054,331$22,759,656
74$41,190,873$17,457,945$13,434,226$24,343,638
75$45,333,108$18,254,151$13,825,039$26,060,854
76$49,895,986$19,087,504$14,227,079$27,923,743
77$54,922,352$19,959,768$14,640,662$29,945,960
78$60,459,422$20,872,787$15,066,114$32,142,504
79$66,559,226$21,828,496$15,503,772$34,529,850
80$73,279,097$22,828,923$15,953,979$37,126,095
81$80,682,217$23,876,192$16,417,088$39,951,126
82$88,838,207$24,972,529$16,893,465$43,026,794
83$97,823,790$26,120,269$17,383,482$46,377,117
84$107,723,511$27,321,857$17,887,523$50,028,494
85$118,630,537$28,579,856$18,405,983$54,009,948
86$130,647,536$29,896,952$18,939,267$58,353,388
87$143,887,644$31,275,962$19,487,792$63,093,901
88$158,475,535$32,719,836$20,051,985$68,270,073
89$174,548,599$34,231,668$20,632,286$73,924,342
90$192,258,236$35,814,699$21,229,146$80,103,389
91$211,771,284$37,472,327$21,843,031$86,858,561
92$233,271,598$39,208,115$22,474,416$94,246,351
93$256,961,783$41,025,794$23,123,791$102,328,910
94$283,065,106$42,929,280$23,791,659$111,174,627
95$311,827,605$44,922,672$24,478,538$120,858,757
96$343,520,409$47,010,271$25,184,957$131,464,115
97$378,442,301$49,196,584$25,911,463$143,081,844
98$416,922,533$51,486,335$26,658,615$155,812,260
99$459,323,942$53,884,476$27,426,989$169,765,778
100$506,046,367$56,396,198$28,217,175$185,063,940