Can I retire at age 58 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$751,469$744,776$738,245$731,871$725,647$721,376
2 years$372,015$365,086$358,371$351,861$345,546$341,237
3 years$245,546$238,588$231,890$225,441$219,229$215,015
4 years$182,324$175,387$168,757$162,417$156,356$152,270
5 years$144,401$137,506$130,962$124,752$118,859$114,914
6 years$119,127$112,284$105,837$99,765$94,049$90,249
7 years$101,082$94,296$87,951$82,023$76,487$72,834
8 years$87,554$80,829$74,589$68,807$63,453$59,947
9 years$77,037$70,376$64,244$58,608$53,437$50,077
10 years$68,629$62,033$56,009$50,521$45,531$42,316
11 years$61,754$55,224$49,310$43,968$39,158$36,085
12 years$56,029$49,566$43,761$38,566$33,934$31,000
13 years$51,189$44,794$39,098$34,048$29,591$26,794
14 years$47,043$40,716$35,129$30,224$25,939$23,276
15 years$43,454$37,195$31,717$26,954$22,839$20,306
16 years$40,316$34,126$28,756$24,135$20,185$17,779
17 years$37,551$31,428$26,167$21,685$17,897$15,614
18 years$35,095$29,041$23,887$19,542$15,914$13,749
19 years$32,901$26,915$21,867$17,658$14,184$12,134
20 years$30,928$25,011$20,069$15,993$12,670$10,731
21 years$29,146$23,297$18,459$14,515$11,338$9,506
22 years$27,527$21,747$17,013$13,197$10,163$8,433
23 years$26,052$20,339$15,709$12,019$9,123$7,492
24 years$24,702$19,056$14,528$10,962$8,200$6,663
25 years$23,461$17,884$13,456$10,011$7,378$5,932
26 years$22,318$16,808$12,480$9,154$6,646$5,286
27 years$21,261$15,818$11,588$8,379$5,992$4,714
28 years$20,282$14,905$10,773$7,677$5,407$4,207
29 years$19,372$14,061$10,025$7,040$4,882$3,757
30 years$18,524$13,279$9,338$6,461$4,411$3,356
31 years$17,732$12,553$8,706$5,933$3,988$3,000
32 years$16,991$11,878$8,122$5,453$3,608$2,683
33 years$16,297$11,249$7,584$5,015$3,265$2,401
34 years$15,645$10,661$7,086$4,614$2,956$2,149
35 years$15,031$10,112$6,625$4,247$2,677$1,924
36 years$14,453$9,598$6,197$3,912$2,426$1,723
37 years$13,907$9,116$5,801$3,604$2,199$1,543
38 years$13,392$8,663$5,432$3,322$1,993$1,383
39 years$12,904$8,238$5,089$3,063$1,808$1,239
40 years$12,441$7,838$4,770$2,825$1,640$1,110
41 years$12,002$7,461$4,473$2,607$1,487$995
42 years$11,586$7,105$4,196$2,406$1,350$892
43 years$11,189$6,770$3,937$2,221$1,225$800
44 years$10,812$6,453$3,696$2,050$1,112$718
45 years$10,453$6,154$3,470$1,894$1,009$644
46 years$10,110$5,870$3,259$1,749$916$577
47 years$9,783$5,602$3,062$1,616$832$518
48 years$9,470$5,348$2,877$1,493$756$465
49 years$9,171$5,107$2,705$1,380$686$417
50 years$8,885$4,878$2,543$1,276$623$374

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,100,000, adding $6,744 every year, while hoping to spend $52,355 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: 69/25/6 Blend
57$9,100,000$9,100,000$9,100,000$9,100,000
58$10,035,156$9,552,856$9,411,806$10,718,806
59$11,003,037$9,965,241$9,671,397$11,584,312
60$12,067,887$10,396,078$9,937,928$12,523,666
61$13,239,541$10,846,216$10,211,579$13,549,739
62$14,528,837$11,316,543$10,492,530$14,671,017
63$15,947,716$11,807,991$10,780,967$15,896,835
64$17,509,334$12,321,533$11,077,080$17,237,465
65$19,228,187$12,858,190$11,381,064$18,704,208
66$21,120,251$13,419,029$11,693,117$20,309,505
67$23,203,124$14,005,170$12,013,445$22,067,043
68$25,496,202$14,617,782$12,342,254$23,991,891
69$28,020,853$15,258,092$12,679,759$26,100,632
70$30,800,627$15,927,386$13,026,177$28,411,523
71$33,861,469$16,627,006$13,381,733$30,944,658
72$37,231,972$17,358,362$13,746,653$33,722,163
73$40,943,639$18,122,928$14,121,172$36,768,395
74$45,031,188$18,922,249$14,505,529$40,110,170
75$49,532,873$19,757,943$14,899,968$43,777,018
76$54,490,847$20,631,703$15,304,738$47,801,450
77$59,951,562$21,545,305$15,720,096$52,219,268
78$65,966,203$22,500,607$16,146,301$57,069,897
79$72,591,175$23,499,555$16,583,621$62,396,753
80$79,888,631$24,544,190$17,032,328$68,247,649
81$87,927,061$25,636,645$17,492,701$74,675,240
82$96,781,940$26,779,160$17,965,025$81,737,520
83$106,536,436$27,974,076$18,449,591$89,498,361
84$117,282,196$29,223,850$18,946,697$98,028,114
85$129,120,214$30,531,052$19,456,645$107,404,264
86$142,161,780$31,898,378$19,979,746$117,712,161
87$156,529,531$33,328,648$20,516,317$129,045,816
88$172,358,612$34,824,820$21,066,682$141,508,785
89$189,797,945$36,389,991$21,631,171$155,215,140
90$209,011,641$38,027,406$22,210,121$170,290,540
91$230,180,545$39,740,465$22,803,876$186,873,408
92$253,503,942$41,532,730$23,412,788$205,116,234
93$279,201,444$43,407,933$24,037,216$225,187,006
94$307,515,054$45,369,984$24,677,525$247,270,788
95$338,711,456$47,422,981$25,334,089$271,571,460
96$373,084,532$49,571,214$26,007,289$298,313,633
97$410,958,134$51,819,183$26,697,512$327,744,761
98$452,689,141$54,171,601$27,405,156$360,137,469
99$498,670,829$56,633,405$28,130,625$395,792,118
100$549,336,582$59,209,771$28,874,330$435,039,625