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%16.4%
1 years$767,985$761,144$754,470$747,956$741,595$722,202
2 years$380,191$373,110$366,248$359,594$353,141$333,735
3 years$250,943$243,832$236,987$230,396$224,047$205,235
4 years$186,331$179,242$172,466$165,987$159,792$141,720
5 years$147,575$140,528$133,840$127,494$121,471$104,188
6 years$121,745$114,752$108,163$101,958$96,116$79,638
7 years$103,303$96,368$89,884$83,825$78,168$62,497
8 years$89,478$82,605$76,229$70,319$64,848$49,976
9 years$78,730$71,923$65,656$59,896$54,611$40,526
10 years$70,137$63,396$57,240$51,631$46,532$33,215
11 years$63,111$56,438$50,393$44,934$40,019$27,450
12 years$57,261$50,656$44,723$39,414$34,679$22,837
13 years$52,314$45,778$39,957$34,796$30,241$19,101
14 years$48,077$41,611$35,901$30,888$26,509$16,045
15 years$44,409$38,012$32,414$27,547$23,341$13,526
16 years$41,203$34,876$29,388$24,665$20,629$11,436
17 years$38,376$32,119$26,742$22,162$18,291$9,693
18 years$35,867$29,680$24,412$19,972$16,263$8,233
19 years$33,624$27,507$22,348$18,046$14,496$7,004
20 years$31,608$25,561$20,510$16,344$12,948$5,967
21 years$29,786$23,809$18,865$14,834$11,587$5,091
22 years$28,132$22,225$17,387$13,487$10,386$4,347
23 years$26,625$20,786$16,054$12,283$9,323$3,715
24 years$25,245$19,475$14,847$11,203$8,380$3,178
25 years$23,977$18,277$13,752$10,231$7,541$2,720
26 years$22,809$17,177$12,754$9,355$6,792$2,329
27 years$21,729$16,166$11,843$8,563$6,124$1,995
28 years$20,728$15,233$11,010$7,845$5,526$1,710
29 years$19,797$14,370$10,245$7,194$4,990$1,466
30 years$18,931$13,571$9,543$6,603$4,508$1,257
31 years$18,122$12,829$8,897$6,064$4,076$1,079
32 years$17,365$12,139$8,301$5,573$3,687$926
33 years$16,655$11,496$7,751$5,125$3,337$794
34 years$15,988$10,896$7,242$4,715$3,021$682
35 years$15,361$10,334$6,771$4,341$2,736$585
36 years$14,771$9,809$6,334$3,998$2,479$502
37 years$14,213$9,316$5,928$3,683$2,247$431
38 years$13,686$8,854$5,551$3,395$2,037$370
39 years$13,187$8,419$5,201$3,130$1,847$318
40 years$12,715$8,010$4,875$2,887$1,676$273
41 years$12,266$7,625$4,571$2,664$1,520$235
42 years$11,840$7,261$4,288$2,458$1,379$201
43 years$11,435$6,919$4,024$2,269$1,252$173
44 years$11,050$6,595$3,777$2,095$1,136$149
45 years$10,682$6,289$3,546$1,935$1,032$128
46 years$10,332$5,999$3,331$1,788$937$110
47 years$9,998$5,725$3,129$1,651$850$94
48 years$9,678$5,466$2,941$1,526$772$81
49 years$9,372$5,219$2,764$1,410$701$70
50 years$9,080$4,986$2,599$1,304$637$60

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 $4,073 every year, while hoping to spend $37,725 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: 62/22/16 Blend
57$9,300,000$9,300,000$9,300,000$9,300,000
58$10,252,801$9,759,901$9,615,751$10,847,241
59$11,258,448$10,197,997$9,897,740$11,685,592
60$12,365,406$10,656,296$10,187,911$12,595,760
61$13,583,970$11,135,747$10,486,498$13,588,457
62$14,925,482$11,637,345$10,793,743$14,671,703
63$16,402,440$12,162,134$11,109,892$15,854,320
64$18,028,617$12,711,207$11,435,202$17,146,010
65$19,819,188$13,285,708$11,769,932$18,557,451
66$21,790,873$13,886,836$12,114,354$20,100,388
67$23,962,100$14,515,848$12,468,742$21,787,747
68$26,353,171$15,174,062$12,833,382$23,633,751
69$28,986,460$15,862,857$13,208,566$25,654,052
70$31,886,621$16,583,678$13,594,595$27,865,880
71$35,080,819$17,338,041$13,991,777$30,288,195
72$38,598,991$18,127,534$14,400,430$32,941,871
73$42,474,125$18,953,820$14,820,880$35,849,883
74$46,742,570$19,818,641$15,253,464$39,037,526
75$51,444,383$20,723,826$15,698,527$42,532,647
76$56,623,705$21,671,288$16,156,422$46,365,904
77$62,329,175$22,663,033$16,627,514$50,571,054
78$68,614,393$23,701,164$17,112,178$55,185,266
79$75,538,425$24,787,884$17,610,800$60,249,468
80$83,166,356$25,925,503$18,123,774$65,808,727
81$91,569,912$27,116,440$18,651,507$71,912,675
82$100,828,128$28,363,231$19,194,418$78,615,968
83$111,028,103$29,668,535$19,752,937$85,978,798
84$122,265,813$31,035,137$20,327,504$94,067,457
85$134,647,024$32,465,957$20,918,573$102,954,958
86$148,288,287$33,964,055$21,526,612$112,721,716
87$163,318,038$35,532,639$22,152,099$123,456,303
88$179,877,810$37,175,070$22,795,526$135,256,278
89$198,123,570$38,894,873$23,457,401$148,229,102
90$218,227,193$40,695,740$24,138,242$162,493,143
91$240,378,078$42,581,543$24,838,584$178,178,790
92$264,784,942$44,556,338$25,558,977$195,429,675
93$291,677,788$46,624,381$26,299,984$214,404,018
94$321,310,074$48,790,128$27,062,186$235,276,118
95$353,961,110$51,058,252$27,846,178$258,237,988
96$389,938,690$53,433,654$28,652,572$283,501,157
97$429,582,001$55,921,467$29,481,997$311,298,659
98$473,264,820$58,527,073$30,335,099$341,887,225
99$521,399,048$61,256,117$31,212,541$375,549,695
100$574,438,596$64,114,511$32,115,006$412,597,674