Can I retire at age 58 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$759,727$752,960$746,358$739,913$733,621$705,349
2 years$376,103$369,098$362,310$355,728$349,343$321,197
3 years$248,244$241,210$234,438$227,918$221,638$194,503
4 years$184,328$177,315$170,611$164,202$158,074$132,157
5 years$145,988$139,017$132,401$126,123$120,165$95,533
6 years$120,436$113,518$107,000$100,862$95,083$71,752
7 years$102,192$95,332$88,917$82,924$77,328$55,290
8 years$88,516$81,717$75,409$69,563$64,151$43,386
9 years$77,884$71,149$64,950$59,252$54,024$34,501
10 years$69,383$62,715$56,625$51,076$46,031$27,714
11 years$62,433$55,831$49,851$44,451$39,588$22,435
12 years$56,645$50,111$44,242$38,990$34,307$18,273
13 years$51,751$45,286$39,527$34,422$29,916$14,954
14 years$47,560$41,164$35,515$30,556$26,224$12,286
15 years$43,932$37,604$32,066$27,251$23,090$10,125
16 years$40,759$34,501$29,072$24,400$20,407$8,365
17 years$37,963$31,774$26,455$21,923$18,094$6,926
18 years$35,481$29,360$24,150$19,757$16,088$5,744
19 years$33,262$27,211$22,108$17,852$14,340$4,770
20 years$31,268$25,286$20,289$16,169$12,809$3,966
21 years$29,466$23,553$18,662$14,674$11,462$3,300
22 years$27,830$21,986$17,200$13,342$10,274$2,749
23 years$26,338$20,563$15,881$12,151$9,223$2,291
24 years$24,973$19,266$14,688$11,082$8,290$1,910
25 years$23,719$18,080$13,604$10,121$7,460$1,594
26 years$22,563$16,992$12,617$9,254$6,719$1,330
27 years$21,495$15,992$11,716$8,471$6,058$1,110
28 years$20,505$15,069$10,891$7,761$5,466$927
29 years$19,585$14,216$10,135$7,117$4,936$774
30 years$18,727$13,425$9,441$6,532$4,460$647
31 years$17,927$12,691$8,801$5,999$4,032$540
32 years$17,178$12,009$8,212$5,513$3,647$452
33 years$16,476$11,372$7,667$5,070$3,301$377
34 years$15,817$10,778$7,164$4,664$2,989$315
35 years$15,196$10,223$6,698$4,294$2,707$264
36 years$14,612$9,703$6,266$3,955$2,453$220
37 years$14,060$9,216$5,864$3,644$2,223$184
38 years$13,539$8,758$5,492$3,358$2,015$154
39 years$13,045$8,328$5,145$3,097$1,827$129
40 years$12,578$7,924$4,823$2,856$1,658$108
41 years$12,134$7,543$4,522$2,635$1,504$90
42 years$11,713$7,183$4,242$2,432$1,365$75
43 years$11,312$6,844$3,980$2,245$1,238$63
44 years$10,931$6,524$3,736$2,073$1,124$53
45 years$10,568$6,221$3,508$1,914$1,020$44
46 years$10,221$5,935$3,295$1,768$927$37
47 years$9,890$5,664$3,096$1,634$841$31
48 years$9,574$5,407$2,909$1,510$764$26
49 years$9,272$5,163$2,734$1,395$694$21
50 years$8,982$4,932$2,571$1,290$630$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,200,000, adding $2,144 every year, while hoping to spend $37,487 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: 53/41/6 Blend
57$9,200,000$9,200,000$9,200,000$9,200,000
58$10,140,612$9,653,012$9,510,412$10,663,961
59$11,135,068$10,086,123$9,789,124$11,451,550
60$12,229,703$10,539,201$10,075,918$12,303,626
61$13,434,694$11,013,184$10,371,023$13,229,667
62$14,761,258$11,509,054$10,674,677$14,236,660
63$16,221,752$12,027,844$10,987,125$15,332,283
64$17,829,795$12,570,632$11,308,617$16,524,968
65$19,600,390$13,138,550$11,639,412$17,823,982
66$21,550,073$13,732,782$11,979,776$19,239,508
67$23,697,063$14,354,570$12,329,980$20,782,739
68$26,061,435$15,005,216$12,690,306$22,465,977
69$28,665,312$15,686,083$13,061,043$24,302,747
70$31,533,072$16,398,598$13,442,485$26,307,920
71$34,691,575$17,144,260$13,834,939$28,497,848
72$38,170,424$17,924,636$14,238,717$30,890,514
73$42,002,234$18,741,371$14,654,141$33,505,694
74$46,222,950$19,596,186$15,081,543$36,365,143
75$50,872,178$20,490,886$15,521,262$39,492,792
76$55,993,563$21,427,363$15,973,647$42,914,968
77$61,635,202$22,407,598$16,439,059$46,660,635
78$67,850,091$23,433,670$16,917,867$50,761,664
79$74,696,635$24,507,754$17,410,450$55,253,127
80$82,239,189$25,632,132$17,917,198$60,173,616
81$90,548,675$26,809,194$18,438,512$65,565,607
82$99,703,242$28,041,447$18,974,804$71,475,848
83$109,789,011$29,331,516$19,526,499$77,955,795
84$120,900,884$30,682,154$20,094,030$85,062,085
85$133,143,440$32,096,245$20,677,846$92,857,068
86$146,631,922$33,576,813$21,278,405$101,409,384
87$161,493,327$35,127,026$21,896,180$110,794,596
88$177,867,601$36,750,204$22,531,657$121,095,902
89$195,908,962$38,449,831$23,185,334$132,404,901
90$215,787,357$40,229,553$23,857,723$144,822,455
91$237,690,062$42,093,196$24,549,351$158,459,621
92$261,823,453$44,044,767$25,260,759$173,438,693
93$288,414,954$46,088,469$25,992,503$189,894,342
94$317,715,181$48,228,706$26,745,154$207,974,874
95$350,000,312$50,470,095$27,519,299$227,843,615
96$385,574,688$52,817,474$28,315,540$249,680,436
97$424,773,693$55,275,917$29,134,497$273,683,444
98$467,966,913$57,850,741$29,976,807$300,070,825
99$515,561,631$60,547,519$30,843,122$329,082,894
100$568,006,666$63,372,096$31,734,115$360,984,344