Can I retire at age 58 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$767,985$761,144$754,470$747,956$741,595$720,455
2 years$380,191$373,110$366,248$359,594$353,141$332,007
3 years$250,943$243,832$236,987$230,396$224,047$203,582
4 years$186,331$179,242$172,466$165,987$159,792$140,152
5 years$147,575$140,528$133,840$127,494$121,471$102,711
6 years$121,745$114,752$108,163$101,958$96,116$78,252
7 years$103,303$96,368$89,884$83,825$78,168$61,201
8 years$89,478$82,605$76,229$70,319$64,848$48,768
9 years$78,730$71,923$65,656$59,896$54,611$39,402
10 years$70,137$63,396$57,240$51,631$46,532$32,173
11 years$63,111$56,438$50,393$44,934$40,019$26,487
12 years$57,261$50,656$44,723$39,414$34,679$21,949
13 years$52,314$45,778$39,957$34,796$30,241$18,284
14 years$48,077$41,611$35,901$30,888$26,509$15,295
15 years$44,409$38,012$32,414$27,547$23,341$12,840
16 years$41,203$34,876$29,388$24,665$20,629$10,810
17 years$38,376$32,119$26,742$22,162$18,291$9,122
18 years$35,867$29,680$24,412$19,972$16,263$7,713
19 years$33,624$27,507$22,348$18,046$14,496$6,533
20 years$31,608$25,561$20,510$16,344$12,948$5,541
21 years$29,786$23,809$18,865$14,834$11,587$4,705
22 years$28,132$22,225$17,387$13,487$10,386$3,999
23 years$26,625$20,786$16,054$12,283$9,323$3,402
24 years$25,245$19,475$14,847$11,203$8,380$2,896
25 years$23,977$18,277$13,752$10,231$7,541$2,466
26 years$22,809$17,177$12,754$9,355$6,792$2,102
27 years$21,729$16,166$11,843$8,563$6,124$1,792
28 years$20,728$15,233$11,010$7,845$5,526$1,528
29 years$19,797$14,370$10,245$7,194$4,990$1,304
30 years$18,931$13,571$9,543$6,603$4,508$1,113
31 years$18,122$12,829$8,897$6,064$4,076$950
32 years$17,365$12,139$8,301$5,573$3,687$811
33 years$16,655$11,496$7,751$5,125$3,337$692
34 years$15,988$10,896$7,242$4,715$3,021$591
35 years$15,361$10,334$6,771$4,341$2,736$505
36 years$14,771$9,809$6,334$3,998$2,479$431
37 years$14,213$9,316$5,928$3,683$2,247$369
38 years$13,686$8,854$5,551$3,395$2,037$315
39 years$13,187$8,419$5,201$3,130$1,847$269
40 years$12,715$8,010$4,875$2,887$1,676$230
41 years$12,266$7,625$4,571$2,664$1,520$196
42 years$11,840$7,261$4,288$2,458$1,379$168
43 years$11,435$6,919$4,024$2,269$1,252$143
44 years$11,050$6,595$3,777$2,095$1,136$123
45 years$10,682$6,289$3,546$1,935$1,032$105
46 years$10,332$5,999$3,331$1,788$937$90
47 years$9,998$5,725$3,129$1,651$850$76
48 years$9,678$5,466$2,941$1,526$772$65
49 years$9,372$5,219$2,764$1,410$701$56
50 years$9,080$4,986$2,599$1,304$637$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,300,000, adding $2,349 every year, while hoping to spend $23,217 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: 56/36/8 Blend
57$9,300,000$9,300,000$9,300,000$9,300,000
58$10,251,023$9,758,123$9,613,973$10,805,865
59$11,271,925$10,211,568$9,911,338$11,633,809
60$12,396,180$10,686,454$10,217,887$12,532,351
61$13,634,307$11,183,807$10,533,903$13,510,435
62$14,997,895$11,704,702$10,859,677$14,575,642
63$16,499,715$12,250,267$11,195,511$15,736,305
64$18,153,839$12,821,684$11,541,714$17,001,581
65$19,975,776$13,420,191$11,898,607$18,381,533
66$21,982,613$14,047,089$12,266,518$19,887,225
67$24,193,180$14,703,737$12,645,787$21,530,820
68$26,628,228$15,391,564$13,036,765$23,325,691
69$29,310,622$16,112,065$13,439,811$25,286,544
70$32,265,560$16,866,810$13,855,299$27,429,551
71$35,520,806$17,657,443$14,283,611$29,772,501
72$39,106,959$18,485,688$14,725,142$32,334,960
73$43,057,735$19,353,353$15,180,300$35,138,450
74$47,410,288$20,262,332$15,649,505$38,206,651
75$52,205,563$21,214,612$16,133,189$41,565,617
76$57,488,678$22,212,275$16,631,798$45,244,015
77$63,309,352$23,257,506$17,145,793$49,273,389
78$69,722,376$24,352,593$17,675,646$53,688,457
79$76,788,125$25,499,937$18,221,847$58,527,423
80$84,573,133$26,702,053$18,784,898$63,832,340
81$93,150,720$27,961,581$19,365,319$69,649,493
82$102,601,681$29,281,286$19,963,645$76,029,832
83$113,015,052$30,664,069$20,580,427$83,029,444
84$124,488,949$32,112,970$21,216,233$90,710,074
85$137,131,493$33,631,177$21,871,649$99,139,698
86$151,061,835$35,222,034$22,547,278$108,393,157
87$166,411,274$36,889,045$23,243,744$118,552,856
88$183,324,501$38,635,886$23,961,686$129,709,526
89$201,960,964$40,466,408$24,701,767$141,963,077
90$222,496,374$42,384,654$25,464,668$155,423,525
91$245,124,360$44,394,858$26,251,090$170,212,020
92$270,058,302$46,501,463$27,061,759$186,461,981
93$297,533,340$48,709,126$27,897,419$204,320,339
94$327,808,598$51,022,731$28,758,840$223,948,911
95$361,169,629$53,447,399$29,646,815$245,525,919
96$397,931,109$55,988,499$30,562,161$269,247,649
97$438,439,808$58,651,661$31,505,719$295,330,297
98$483,077,865$61,442,790$32,478,358$324,011,990
99$532,266,397$64,368,075$33,480,972$355,555,020
100$586,469,468$67,434,010$34,514,483$390,248,297