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%11.7%
1 years$751,469$744,776$738,245$731,871$725,647$720,470
2 years$372,015$365,086$358,371$351,861$345,546$340,326
3 years$245,546$238,588$231,890$225,441$219,229$214,127
4 years$182,324$175,387$168,757$162,417$156,356$151,411
5 years$144,401$137,506$130,962$124,752$118,859$114,087
6 years$119,127$112,284$105,837$99,765$94,049$89,455
7 years$101,082$94,296$87,951$82,023$76,487$72,074
8 years$87,554$80,829$74,589$68,807$63,453$59,221
9 years$77,037$70,376$64,244$58,608$53,437$49,384
10 years$68,629$62,033$56,009$50,521$45,531$41,655
11 years$61,754$55,224$49,310$43,968$39,158$35,457
12 years$56,029$49,566$43,761$38,566$33,934$30,403
13 years$51,189$44,794$39,098$34,048$29,591$26,228
14 years$47,043$40,716$35,129$30,224$25,939$22,739
15 years$43,454$37,195$31,717$26,954$22,839$19,798
16 years$40,316$34,126$28,756$24,135$20,185$17,299
17 years$37,551$31,428$26,167$21,685$17,897$15,161
18 years$35,095$29,041$23,887$19,542$15,914$13,322
19 years$32,901$26,915$21,867$17,658$14,184$11,732
20 years$30,928$25,011$20,069$15,993$12,670$10,353
21 years$29,146$23,297$18,459$14,515$11,338$9,150
22 years$27,527$21,747$17,013$13,197$10,163$8,100
23 years$26,052$20,339$15,709$12,019$9,123$7,179
24 years$24,702$19,056$14,528$10,962$8,200$6,370
25 years$23,461$17,884$13,456$10,011$7,378$5,658
26 years$22,318$16,808$12,480$9,154$6,646$5,030
27 years$21,261$15,818$11,588$8,379$5,992$4,475
28 years$20,282$14,905$10,773$7,677$5,407$3,984
29 years$19,372$14,061$10,025$7,040$4,882$3,550
30 years$18,524$13,279$9,338$6,461$4,411$3,164
31 years$17,732$12,553$8,706$5,933$3,988$2,821
32 years$16,991$11,878$8,122$5,453$3,608$2,517
33 years$16,297$11,249$7,584$5,015$3,265$2,246
34 years$15,645$10,661$7,086$4,614$2,956$2,005
35 years$15,031$10,112$6,625$4,247$2,677$1,791
36 years$14,453$9,598$6,197$3,912$2,426$1,600
37 years$13,907$9,116$5,801$3,604$2,199$1,429
38 years$13,392$8,663$5,432$3,322$1,993$1,277
39 years$12,904$8,238$5,089$3,063$1,808$1,142
40 years$12,441$7,838$4,770$2,825$1,640$1,021
41 years$12,002$7,461$4,473$2,607$1,487$913
42 years$11,586$7,105$4,196$2,406$1,350$816
43 years$11,189$6,770$3,937$2,221$1,225$730
44 years$10,812$6,453$3,696$2,050$1,112$653
45 years$10,453$6,154$3,470$1,894$1,009$584
46 years$10,110$5,870$3,259$1,749$916$522
47 years$9,783$5,602$3,062$1,616$832$467
48 years$9,470$5,348$2,877$1,493$756$418
49 years$9,171$5,107$2,705$1,380$686$374
50 years$8,885$4,878$2,543$1,276$623$335

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 $6,384 every year, while hoping to spend $38,504 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: 45/30/25 Blend
57$9,100,000$9,100,000$9,100,000$9,100,000
58$10,034,785$9,552,485$9,411,435$10,413,642
59$11,017,365$9,979,589$9,685,750$11,109,470
60$12,098,878$10,426,330$9,967,964$11,859,387
61$13,289,374$10,893,631$10,258,302$12,671,921
62$14,599,927$11,382,456$10,556,992$13,552,927
63$16,042,741$11,893,818$10,864,272$14,508,835
64$17,631,261$12,428,775$11,180,386$15,546,709
65$19,380,302$12,988,438$11,505,582$16,674,312
66$21,306,192$13,573,970$11,840,117$17,900,170
67$23,426,919$14,186,590$12,184,256$19,233,658
68$25,762,306$14,827,574$12,538,270$20,685,076
69$28,334,197$15,498,261$12,902,438$22,265,751
70$31,166,660$16,200,051$13,277,045$23,988,134
71$34,286,220$16,934,414$13,662,387$25,865,916
72$37,722,103$17,702,888$14,058,765$27,914,152
73$41,506,514$18,507,087$14,466,490$30,149,402
74$45,674,943$19,348,699$14,885,882$32,589,879
75$50,266,497$20,229,495$15,317,269$35,255,619
76$55,324,270$21,151,330$15,760,988$38,168,662
77$60,895,749$22,116,149$16,217,385$41,353,259
78$67,033,264$23,125,989$16,686,816$44,836,094
79$73,794,479$24,182,984$17,169,646$48,646,529
80$81,242,939$25,289,373$17,666,252$52,816,877
81$89,448,666$26,447,500$18,177,018$57,382,699
82$98,488,824$27,659,821$18,702,343$62,383,138
83$108,448,445$28,928,913$19,242,632$67,861,276
84$119,421,230$30,257,474$19,798,304$73,864,537
85$131,510,437$31,648,332$20,369,789$80,445,129
86$144,829,853$33,104,452$20,957,528$87,660,525
87$159,504,869$34,628,940$21,561,976$95,574,001
88$175,673,660$36,225,053$22,183,597$104,255,225
89$193,488,496$37,896,203$22,822,870$113,780,904
90$213,117,173$39,645,967$23,480,286$124,235,502
91$234,744,600$41,478,095$24,156,351$135,712,024
92$258,574,543$43,396,515$24,851,582$148,312,890
93$284,831,548$45,405,347$25,566,513$162,150,887
94$313,763,064$47,508,907$26,301,689$177,350,222
95$345,641,774$49,711,721$27,057,673$194,047,691
96$380,768,171$52,018,531$27,835,041$212,393,948
97$419,473,395$54,434,309$28,634,385$232,554,925
98$462,122,357$56,964,267$29,456,313$254,713,379
99$509,117,189$59,613,867$30,301,451$279,070,605
100$560,901,031$62,388,835$31,170,439$305,848,328