Can I retire at age 58 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$710,180$703,854$697,682$691,658$685,776$659,609
2 years$351,574$345,026$338,681$332,528$326,560$300,505
3 years$232,055$225,479$219,149$213,054$207,183$182,060
4 years$172,307$165,751$159,484$153,493$147,765$123,765
5 years$136,467$129,951$123,766$117,898$112,328$89,514
6 years$112,582$106,114$100,022$94,284$88,882$67,268
7 years$95,528$89,115$83,118$77,516$72,285$51,865
8 years$82,743$76,388$70,491$65,026$59,967$40,722
9 years$72,804$66,509$60,714$55,388$50,501$32,403
10 years$64,858$58,625$52,932$47,745$43,029$26,045
11 years$58,361$52,190$46,600$41,552$37,007$21,098
12 years$52,951$46,843$41,357$36,447$32,069$17,195
13 years$48,376$42,332$36,949$32,177$27,965$14,082
14 years$44,459$38,479$33,199$28,563$24,514$11,577
15 years$41,066$35,151$29,974$25,473$21,584$9,548
16 years$38,101$32,251$27,176$22,809$19,076$7,894
17 years$35,488$29,702$24,729$20,493$16,914$6,540
18 years$33,167$27,446$22,575$18,469$15,039$5,428
19 years$31,093$25,436$20,666$16,688$13,405$4,511
20 years$29,229$23,637$18,966$15,114$11,973$3,754
21 years$27,544$22,017$17,445$13,717$10,715$3,126
22 years$26,015$20,552$16,078$12,472$9,604$2,606
23 years$24,621$19,222$14,846$11,359$8,621$2,173
24 years$23,344$18,009$13,730$10,360$7,749$1,814
25 years$22,172$16,901$12,716$9,461$6,973$1,514
26 years$21,092$15,884$11,794$8,651$6,281$1,265
27 years$20,093$14,949$10,952$7,918$5,663$1,057
28 years$19,168$14,086$10,181$7,255$5,110$883
29 years$18,307$13,289$9,474$6,653$4,614$738
30 years$17,506$12,550$8,825$6,106$4,169$617
31 years$16,758$11,864$8,227$5,607$3,769$516
32 years$16,058$11,225$7,676$5,153$3,409$432
33 years$15,401$10,631$7,167$4,739$3,086$361
34 years$14,785$10,076$6,697$4,360$2,794$302
35 years$14,205$9,556$6,261$4,014$2,530$253
36 years$13,659$9,070$5,857$3,697$2,293$211
37 years$13,143$8,615$5,482$3,406$2,078$177
38 years$12,656$8,187$5,134$3,139$1,884$148
39 years$12,195$7,785$4,810$2,895$1,708$124
40 years$11,758$7,407$4,508$2,670$1,549$104
41 years$11,343$7,051$4,227$2,463$1,406$87
42 years$10,949$6,715$3,965$2,273$1,276$72
43 years$10,575$6,398$3,721$2,099$1,158$61
44 years$10,218$6,099$3,493$1,938$1,051$51
45 years$9,878$5,816$3,279$1,790$954$42
46 years$9,554$5,548$3,080$1,653$866$36
47 years$9,245$5,294$2,894$1,527$786$30
48 years$8,950$5,054$2,719$1,411$714$25
49 years$8,667$4,826$2,556$1,304$649$21
50 years$8,397$4,610$2,403$1,205$589$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $8,600,000, adding $3,349 every year, while hoping to spend $22,769 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: 26/48/26 Blend
57$8,600,000$8,600,000$8,600,000$8,600,000
58$9,480,654$9,024,854$8,891,554$9,649,639
59$10,423,455$9,442,846$9,165,196$10,205,393
60$11,461,658$9,880,557$9,447,240$10,799,088
61$12,604,971$10,338,928$9,737,947$11,435,631
62$13,864,090$10,818,947$10,037,580$12,118,655
63$15,250,802$11,321,649$10,346,413$12,852,132
64$16,778,094$11,848,120$10,664,728$13,640,406
65$18,460,278$12,399,498$10,992,815$14,488,228
66$20,313,127$12,976,973$11,330,975$15,400,797
67$22,354,017$13,581,796$11,679,514$16,383,805
68$24,602,101$14,215,278$12,038,752$17,443,485
69$27,078,480$14,878,792$12,409,015$18,586,663
70$29,806,409$15,573,777$12,790,641$19,820,816
71$32,811,514$16,301,743$13,183,979$21,154,141
72$36,122,032$17,064,272$13,589,386$22,595,621
73$39,769,082$17,863,023$14,007,232$24,155,107
74$43,786,952$18,699,735$14,437,898$25,843,402
75$48,213,429$19,576,231$14,881,776$27,672,355
76$53,090,154$20,494,421$15,339,270$29,654,968
77$58,463,012$21,456,310$15,810,798$31,805,510
78$64,382,568$22,463,997$16,296,788$34,139,641
79$70,904,542$23,519,686$16,797,684$36,674,554
80$78,090,339$24,625,685$17,313,940$39,429,128
81$86,007,624$25,784,413$17,846,027$42,424,094
82$94,730,962$26,998,410$18,394,429$45,682,227
83$104,342,524$28,270,335$18,959,646$49,228,542
84$114,932,858$29,602,978$19,542,191$53,090,527
85$126,601,749$30,999,264$20,142,594$57,298,387
86$139,459,158$32,462,258$20,761,401$61,885,319
87$153,626,259$33,995,176$21,399,176$66,887,811
88$169,236,587$35,601,389$22,056,497$72,345,978
89$186,437,291$37,284,430$22,733,962$78,303,921
90$205,390,533$39,048,005$23,432,188$84,810,133
91$226,275,010$40,896,000$24,151,809$91,917,942
92$249,287,644$42,832,487$24,893,478$99,685,997
93$274,645,443$44,861,738$25,657,869$108,178,806
94$302,587,548$46,988,233$26,445,677$117,467,331
95$333,377,487$49,216,666$27,257,616$127,629,634
96$367,305,670$51,551,962$28,094,426$138,751,601
97$404,692,123$53,999,283$28,956,864$150,927,730
98$445,889,515$56,564,043$29,845,714$164,262,003
99$491,286,483$59,251,918$30,761,782$178,868,848
100$541,311,303$62,068,860$31,705,901$194,874,196