Can I retire at age 58 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$743,212$736,591$730,133$723,828$717,673$699,472
2 years$367,927$361,074$354,433$347,994$341,749$323,530
3 years$242,848$235,966$229,342$222,963$216,820$199,152
4 years$180,321$173,460$166,902$160,633$154,638$137,658
5 years$142,814$135,995$129,523$123,381$117,553$101,308
6 years$117,818$111,050$104,674$98,669$93,016$77,522
7 years$99,971$93,260$86,984$81,121$75,647$60,905
8 years$86,591$79,941$73,770$68,051$62,756$48,760
9 years$76,191$69,603$63,538$57,964$52,850$39,587
10 years$67,875$61,351$55,394$49,966$45,031$32,486
11 years$61,076$54,618$48,768$43,485$38,728$26,883
12 years$55,414$49,022$43,280$38,142$33,561$22,394
13 years$50,626$44,301$38,668$33,674$29,266$18,755
14 years$46,527$40,269$34,743$29,892$25,654$15,776
15 years$42,977$36,786$31,369$26,658$22,588$13,318
16 years$39,873$33,751$28,440$23,870$19,963$11,277
17 years$37,138$31,083$25,879$21,447$17,701$9,572
18 years$34,710$28,722$23,625$19,328$15,739$8,142
19 years$32,539$26,619$21,627$17,464$14,028$6,937
20 years$30,588$24,736$19,848$15,817$12,530$5,919
21 years$28,825$23,041$18,257$14,355$11,213$5,057
22 years$27,225$21,508$16,826$13,052$10,051$4,325
23 years$25,766$20,116$15,536$11,887$9,022$3,703
24 years$24,430$18,847$14,368$10,841$8,110$3,172
25 years$23,203$17,687$13,308$9,901$7,297$2,719
26 years$22,073$16,623$12,342$9,053$6,573$2,332
27 years$21,028$15,644$11,461$8,286$5,926$2,001
28 years$20,059$14,741$10,654$7,592$5,347$1,718
29 years$19,159$13,907$9,915$6,962$4,829$1,475
30 years$18,320$13,133$9,235$6,390$4,363$1,267
31 years$17,537$12,416$8,610$5,868$3,944$1,089
32 years$16,804$11,748$8,033$5,393$3,568$936
33 years$16,118$11,125$7,501$4,959$3,229$805
34 years$15,473$10,544$7,008$4,563$2,924$692
35 years$14,866$10,001$6,552$4,201$2,648$595
36 years$14,294$9,492$6,129$3,869$2,399$511
37 years$13,754$9,016$5,737$3,564$2,175$440
38 years$13,244$8,568$5,372$3,285$1,971$378
39 years$12,762$8,147$5,033$3,029$1,788$325
40 years$12,304$7,752$4,718$2,794$1,622$280
41 years$11,870$7,379$4,424$2,578$1,471$241
42 years$11,458$7,027$4,150$2,379$1,335$207
43 years$11,066$6,696$3,894$2,196$1,211$178
44 years$10,693$6,382$3,655$2,028$1,100$153
45 years$10,338$6,086$3,432$1,873$998$132
46 years$9,999$5,806$3,223$1,730$906$114
47 years$9,675$5,541$3,028$1,598$823$98
48 years$9,366$5,289$2,846$1,477$747$84
49 years$9,070$5,051$2,675$1,365$679$72
50 years$8,787$4,825$2,515$1,262$617$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,000,000, adding $4,948 every year, while hoping to spend $36,205 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: 59/26/15 Blend
57$9,000,000$9,000,000$9,000,000$9,000,000
58$9,923,104$9,446,104$9,306,604$10,470,492
59$10,896,739$9,870,441$9,579,853$11,265,025
60$11,968,471$10,314,357$9,861,043$12,126,603
61$13,148,268$10,778,774$10,150,401$13,065,304
62$14,447,113$11,264,656$10,448,161$14,088,568
63$15,877,109$11,773,014$10,754,565$15,204,576
64$17,451,590$12,304,908$11,069,860$16,422,327
65$19,185,252$12,861,449$11,394,299$17,751,717
66$21,094,286$13,443,797$11,728,146$19,203,631
67$23,196,533$14,053,174$12,071,669$20,790,043
68$25,511,655$14,690,854$12,425,145$22,524,129
69$28,061,314$15,358,177$12,788,859$24,420,382
70$30,869,385$16,056,544$13,163,102$26,494,752
71$33,962,172$16,787,424$13,548,175$28,764,789
72$37,368,662$17,552,357$13,944,388$31,249,809
73$41,120,799$18,352,956$14,352,058$33,971,069
74$45,253,780$19,190,910$14,771,512$36,951,966
75$49,806,393$20,067,992$15,203,085$40,218,255
76$54,821,379$20,986,058$15,647,123$43,798,284
77$60,345,839$21,947,054$16,103,980$47,723,264
78$66,431,672$22,953,017$16,574,021$52,027,551
79$73,136,073$24,006,086$17,057,622$56,748,973
80$80,522,067$25,108,498$17,555,166$61,929,178
81$88,659,104$26,262,602$18,067,051$67,614,024
82$97,623,719$27,470,855$18,593,683$73,854,004
83$107,500,248$28,735,837$19,135,482$80,704,722
84$118,381,629$30,060,248$19,692,876$88,227,407
85$130,370,276$31,446,921$20,266,308$96,489,489
86$143,579,047$32,898,823$20,856,232$105,565,224
87$158,132,309$34,419,065$21,463,115$115,536,395
88$174,167,112$36,010,906$22,087,437$126,493,073
89$191,834,483$37,677,766$22,729,691$138,534,461
90$211,300,848$39,423,224$23,390,384$151,769,823
91$232,749,609$41,251,037$24,070,036$166,319,506
92$256,382,870$43,165,138$24,769,183$182,316,072
93$282,423,346$45,169,654$25,488,374$199,905,537
94$311,116,469$47,268,908$26,228,176$219,248,741
95$342,732,696$49,467,433$26,989,168$240,522,858
96$377,570,073$51,769,979$27,771,947$263,923,059
97$415,957,040$54,181,527$28,577,126$289,664,344
98$458,255,534$56,707,298$29,405,336$317,983,558
99$504,864,407$59,352,764$30,257,223$349,141,620
100$556,223,189$62,123,662$31,133,453$383,425,973