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

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 $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%14.1%
1 years$751,469$744,776$738,245$731,871$725,647$713,332
2 years$372,015$365,086$358,371$351,861$345,546$333,177
3 years$245,546$238,588$231,890$225,441$219,229$207,190
4 years$182,324$175,387$168,757$162,417$156,356$144,741
5 years$144,401$137,506$130,962$124,752$118,859$107,702
6 years$119,127$112,284$105,837$99,765$94,049$83,361
7 years$101,082$94,296$87,951$82,023$76,487$66,272
8 years$87,554$80,829$74,589$68,807$63,453$53,709
9 years$77,037$70,376$64,244$58,608$53,437$44,158
10 years$68,629$62,033$56,009$50,521$45,531$36,710
11 years$61,754$55,224$49,310$43,968$39,158$30,785
12 years$56,029$49,566$43,761$38,566$33,934$25,997
13 years$51,189$44,794$39,098$34,048$29,591$22,079
14 years$47,043$40,716$35,129$30,224$25,939$18,840
15 years$43,454$37,195$31,717$26,954$22,839$16,138
16 years$40,316$34,126$28,756$24,135$20,185$13,869
17 years$37,551$31,428$26,167$21,685$17,897$11,951
18 years$35,095$29,041$23,887$19,542$15,914$10,323
19 years$32,901$26,915$21,867$17,658$14,184$8,934
20 years$30,928$25,011$20,069$15,993$12,670$7,745
21 years$29,146$23,297$18,459$14,515$11,338$6,724
22 years$27,527$21,747$17,013$13,197$10,163$5,845
23 years$26,052$20,339$15,709$12,019$9,123$5,086
24 years$24,702$19,056$14,528$10,962$8,200$4,430
25 years$23,461$17,884$13,456$10,011$7,378$3,861
26 years$22,318$16,808$12,480$9,154$6,646$3,368
27 years$21,261$15,818$11,588$8,379$5,992$2,940
28 years$20,282$14,905$10,773$7,677$5,407$2,567
29 years$19,372$14,061$10,025$7,040$4,882$2,243
30 years$18,524$13,279$9,338$6,461$4,411$1,960
31 years$17,732$12,553$8,706$5,933$3,988$1,714
32 years$16,991$11,878$8,122$5,453$3,608$1,499
33 years$16,297$11,249$7,584$5,015$3,265$1,311
34 years$15,645$10,661$7,086$4,614$2,956$1,147
35 years$15,031$10,112$6,625$4,247$2,677$1,004
36 years$14,453$9,598$6,197$3,912$2,426$879
37 years$13,907$9,116$5,801$3,604$2,199$770
38 years$13,392$8,663$5,432$3,322$1,993$674
39 years$12,904$8,238$5,089$3,063$1,808$590
40 years$12,441$7,838$4,770$2,825$1,640$517
41 years$12,002$7,461$4,473$2,607$1,487$453
42 years$11,586$7,105$4,196$2,406$1,350$396
43 years$11,189$6,770$3,937$2,221$1,225$347
44 years$10,812$6,453$3,696$2,050$1,112$304
45 years$10,453$6,154$3,470$1,894$1,009$267
46 years$10,110$5,870$3,259$1,749$916$234
47 years$9,783$5,602$3,062$1,616$832$205
48 years$9,470$5,348$2,877$1,493$756$179
49 years$9,171$5,107$2,705$1,380$686$157
50 years$8,885$4,878$2,543$1,276$623$138

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 $6,787 every year, while hoping to spend $34,027 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: 70/15/15 Blend
57$9,100,000$9,100,000$9,100,000$9,100,000
58$10,035,201$9,552,901$9,411,851$10,702,789
59$11,022,587$9,984,788$9,690,943$11,579,301
60$12,109,546$10,436,698$9,978,245$12,533,524
61$13,306,198$10,909,575$10,273,995$13,576,976
62$14,623,696$11,404,410$10,578,439$14,718,454
63$16,074,326$11,922,239$10,891,830$15,967,639
64$17,671,630$12,464,152$11,214,429$17,335,189
65$19,430,527$13,031,286$11,546,504$18,832,832
66$21,367,458$13,624,836$11,888,329$20,473,482
67$23,500,539$14,246,053$12,240,188$22,271,355
68$25,849,733$14,896,249$12,602,373$24,242,101
69$28,437,037$15,576,796$12,975,183$26,402,953
70$31,286,690$16,289,135$13,358,928$28,772,882
71$34,425,404$17,034,774$13,753,924$31,372,781
72$37,882,613$17,815,295$14,160,497$34,225,654
73$41,690,750$18,632,355$14,578,984$37,356,834
74$45,885,556$19,487,690$15,009,730$40,794,219
75$50,506,416$20,383,121$15,453,090$44,568,531
76$55,596,732$21,320,554$15,909,429$48,713,606
77$61,204,327$22,301,990$16,379,123$53,266,710
78$67,381,903$23,329,523$16,862,559$58,268,886
79$74,187,537$24,405,349$17,360,135$63,765,342
80$81,685,225$25,531,770$17,872,258$69,805,871
81$89,945,489$26,711,198$18,399,350$76,445,318
82$99,046,045$27,946,162$18,941,844$83,744,097
83$109,072,529$29,239,312$19,500,184$91,768,755
84$120,119,314$30,593,426$20,074,827$100,592,600
85$132,290,395$32,011,415$20,666,245$110,296,385
86$145,700,372$33,496,331$21,274,921$120,969,067
87$160,475,532$35,051,373$21,901,352$132,708,644
88$176,755,041$36,679,894$22,546,052$145,623,077
89$194,692,255$38,385,410$23,209,545$159,831,300
90$214,456,175$40,171,604$23,892,374$175,464,343
91$236,233,031$42,042,339$24,595,095$192,666,559
92$260,228,049$44,001,663$25,318,280$211,596,986
93$286,667,386$46,053,821$26,062,519$232,430,839
94$315,800,262$48,203,260$26,828,415$255,361,161
95$347,901,315$50,454,646$27,616,593$280,600,638
96$383,273,191$52,812,866$28,427,691$308,383,602
97$422,249,407$55,283,046$29,262,369$338,968,234
98$465,197,490$57,870,559$30,121,302$372,638,997
99$512,522,455$60,581,037$31,005,186$409,709,314
100$564,670,623$63,420,386$31,914,738$450,524,516