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%11.2%
1 years$751,469$744,776$738,245$731,871$725,647$721,982
2 years$372,015$365,086$358,371$351,861$345,546$341,847
3 years$245,546$238,588$231,890$225,441$219,229$215,611
4 years$182,324$175,387$168,757$162,417$156,356$152,846
5 years$144,401$137,506$130,962$124,752$118,859$115,469
6 years$119,127$112,284$105,837$99,765$94,049$90,782
7 years$101,082$94,296$87,951$82,023$76,487$73,345
8 years$87,554$80,829$74,589$68,807$63,453$60,436
9 years$77,037$70,376$64,244$58,608$53,437$50,544
10 years$68,629$62,033$56,009$50,521$45,531$42,762
11 years$61,754$55,224$49,310$43,968$39,158$36,510
12 years$56,029$49,566$43,761$38,566$33,934$31,405
13 years$51,189$44,794$39,098$34,048$29,591$27,178
14 years$47,043$40,716$35,129$30,224$25,939$23,641
15 years$43,454$37,195$31,717$26,954$22,839$20,652
16 years$40,316$34,126$28,756$24,135$20,185$18,106
17 years$37,551$31,428$26,167$21,685$17,897$15,923
18 years$35,095$29,041$23,887$19,542$15,914$14,041
19 years$32,901$26,915$21,867$17,658$14,184$12,410
20 years$30,928$25,011$20,069$15,993$12,670$10,990
21 years$29,146$23,297$18,459$14,515$11,338$9,750
22 years$27,527$21,747$17,013$13,197$10,163$8,662
23 years$26,052$20,339$15,709$12,019$9,123$7,707
24 years$24,702$19,056$14,528$10,962$8,200$6,865
25 years$23,461$17,884$13,456$10,011$7,378$6,121
26 years$22,318$16,808$12,480$9,154$6,646$5,463
27 years$21,261$15,818$11,588$8,379$5,992$4,879
28 years$20,282$14,905$10,773$7,677$5,407$4,361
29 years$19,372$14,061$10,025$7,040$4,882$3,901
30 years$18,524$13,279$9,338$6,461$4,411$3,491
31 years$17,732$12,553$8,706$5,933$3,988$3,126
32 years$16,991$11,878$8,122$5,453$3,608$2,800
33 years$16,297$11,249$7,584$5,015$3,265$2,509
34 years$15,645$10,661$7,086$4,614$2,956$2,250
35 years$15,031$10,112$6,625$4,247$2,677$2,017
36 years$14,453$9,598$6,197$3,912$2,426$1,810
37 years$13,907$9,116$5,801$3,604$2,199$1,624
38 years$13,392$8,663$5,432$3,322$1,993$1,457
39 years$12,904$8,238$5,089$3,063$1,808$1,308
40 years$12,441$7,838$4,770$2,825$1,640$1,174
41 years$12,002$7,461$4,473$2,607$1,487$1,055
42 years$11,586$7,105$4,196$2,406$1,350$947
43 years$11,189$6,770$3,937$2,221$1,225$851
44 years$10,812$6,453$3,696$2,050$1,112$764
45 years$10,453$6,154$3,470$1,894$1,009$687
46 years$10,110$5,870$3,259$1,749$916$617
47 years$9,783$5,602$3,062$1,616$832$554
48 years$9,470$5,348$2,877$1,493$756$498
49 years$9,171$5,107$2,705$1,380$686$448
50 years$8,885$4,878$2,543$1,276$623$402

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 $6,840 every year, while hoping to spend $40,785 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: 49/28/23 Blend
57$9,100,000$9,100,000$9,100,000$9,100,000
58$10,035,255$9,552,955$9,411,905$10,461,485
59$11,015,457$9,977,655$9,683,809$11,183,752
60$12,094,271$10,421,799$9,963,455$11,963,315
61$13,281,715$10,886,295$10,251,059$12,809,408
62$14,588,824$11,372,097$10,546,843$13,728,324
63$16,027,757$11,880,203$10,851,036$14,726,975
64$17,611,915$12,411,659$11,163,872$15,812,961
65$19,356,060$12,967,560$11,485,591$16,994,632
66$21,276,461$13,549,054$11,816,442$18,281,169
67$23,391,045$14,157,343$12,156,677$19,682,665
68$25,719,564$14,793,685$12,506,559$21,210,220
69$28,283,786$15,459,402$12,866,355$22,876,036
70$31,107,694$16,155,875$13,236,340$24,693,539
71$34,217,718$16,884,552$13,616,796$26,677,490
72$37,642,981$17,646,951$14,008,015$28,844,132
73$41,415,576$18,444,662$14,410,294$31,211,331
74$45,570,865$19,279,350$14,823,939$33,798,745
75$50,147,816$20,152,762$15,249,264$36,628,003
76$55,189,372$21,066,725$15,686,593$39,722,907
77$60,742,850$22,023,157$16,136,256$43,109,650
78$66,860,394$23,024,065$16,598,594$46,817,059
79$73,599,464$24,071,554$17,073,956$50,876,862
80$81,023,377$25,167,828$17,562,701$55,323,982
81$89,201,907$26,315,197$18,065,197$60,196,863
82$98,211,942$27,516,083$18,581,823$65,537,824
83$108,138,212$28,773,022$19,112,965$71,393,454
84$119,074,084$30,088,675$19,659,024$77,815,046
85$131,122,447$31,465,826$20,220,407$84,859,073
86$144,396,681$32,907,396$20,797,536$92,587,717
87$159,021,729$34,416,445$21,390,839$101,069,445
88$175,135,274$35,996,179$22,000,762$110,379,651
89$192,889,041$37,649,961$22,627,756$120,601,358
90$212,450,226$39,381,312$23,272,288$131,825,996
91$234,003,077$41,193,924$23,934,838$144,154,251
92$257,750,630$43,091,666$24,615,895$157,697,014
93$283,916,630$45,078,594$25,315,963$172,576,412
94$312,747,639$47,158,957$26,035,560$188,926,956
95$344,515,363$49,337,210$26,775,216$206,896,797
96$379,519,220$51,618,024$27,535,476$226,649,116
97$418,089,164$54,006,290$28,316,898$248,363,652
98$460,588,800$56,507,140$29,120,055$272,238,387
99$507,418,817$59,125,950$29,945,537$298,491,404
100$559,020,770$61,868,355$30,793,946$327,362,934