Can I retire at age 58 with 9,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$776,243$769,329$762,583$755,999$749,569$736,545
2 years$384,279$377,122$370,186$363,461$356,938$343,859
3 years$253,641$246,453$239,535$232,873$226,456$213,729
4 years$188,335$181,169$174,320$167,772$161,510$149,234
5 years$149,162$142,039$135,279$128,865$122,778$110,986
6 years$123,055$115,985$109,326$103,054$97,150$85,857
7 years$104,414$97,404$90,850$84,727$79,009$68,218
8 years$90,440$83,494$77,048$71,075$65,545$55,254
9 years$79,577$72,696$66,362$60,540$55,199$45,401
10 years$70,892$64,078$57,856$52,186$47,032$37,720
11 years$63,790$57,045$50,935$45,418$40,449$31,612
12 years$57,876$51,201$45,204$39,837$35,052$26,679
13 years$52,876$46,270$40,386$35,170$30,566$22,643
14 years$48,594$42,058$36,287$31,220$26,794$19,308
15 years$44,887$38,421$32,763$27,843$23,592$16,528
16 years$41,646$35,251$29,704$24,930$20,850$14,194
17 years$38,789$32,465$27,030$22,400$18,487$12,223
18 years$36,252$29,999$24,675$20,187$16,438$10,550
19 years$33,985$27,802$22,588$18,240$14,652$9,123
20 years$31,948$25,835$20,730$16,520$13,087$7,903
21 years$30,106$24,065$19,068$14,993$11,712$6,856
22 years$28,435$22,463$17,574$13,632$10,498$5,955
23 years$26,911$21,010$16,227$12,415$9,423$5,178
24 years$25,516$19,685$15,007$11,323$8,470$4,506
25 years$24,235$18,473$13,899$10,341$7,622$3,925
26 years$23,054$17,362$12,891$9,455$6,865$3,421
27 years$21,962$16,339$11,970$8,655$6,190$2,983
28 years$20,951$15,397$11,128$7,930$5,585$2,603
29 years$20,010$14,525$10,356$7,272$5,043$2,273
30 years$19,134$13,717$9,646$6,674$4,557$1,985
31 years$18,317$12,967$8,993$6,129$4,120$1,734
32 years$17,551$12,270$8,390$5,633$3,727$1,515
33 years$16,834$11,620$7,834$5,180$3,373$1,324
34 years$16,160$11,013$7,320$4,766$3,054$1,158
35 years$15,527$10,445$6,843$4,387$2,766$1,012
36 years$14,929$9,914$6,402$4,041$2,506$885
37 years$14,366$9,416$5,992$3,723$2,271$775
38 years$13,833$8,949$5,611$3,431$2,059$678
39 years$13,329$8,509$5,257$3,164$1,867$593
40 years$12,851$8,096$4,927$2,918$1,694$519
41 years$12,398$7,707$4,620$2,692$1,536$454
42 years$11,968$7,340$4,334$2,485$1,394$397
43 years$11,558$6,993$4,067$2,294$1,265$348
44 years$11,169$6,666$3,818$2,118$1,149$304
45 years$10,797$6,357$3,585$1,956$1,043$266
46 years$10,443$6,064$3,367$1,807$947$233
47 years$10,105$5,787$3,163$1,669$860$204
48 years$9,782$5,524$2,972$1,542$781$179
49 years$9,473$5,275$2,794$1,425$709$156
50 years$9,178$5,039$2,627$1,318$644$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,400,000, adding $4,943 every year, while hoping to spend $34,137 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: 41/41/18 Blend
57$9,400,000$9,400,000$9,400,000$9,400,000
58$10,363,899$9,865,699$9,719,999$10,733,620
59$11,384,695$10,312,796$10,009,297$11,443,761
60$12,508,468$10,780,658$10,307,143$12,208,212
61$13,745,686$11,270,264$10,613,786$13,034,912
62$15,107,883$11,782,644$10,929,485$13,929,561
63$16,607,768$12,318,875$11,254,504$14,898,416
64$18,259,346$12,880,086$11,589,116$15,948,339
65$20,078,050$13,467,460$11,933,601$17,086,864
66$22,080,882$14,082,237$12,288,249$18,322,262
67$24,286,583$14,725,717$12,653,355$19,663,614
68$26,715,798$15,399,261$13,029,226$21,120,889
69$29,391,281$16,104,296$13,416,177$22,705,041
70$32,338,103$16,842,318$13,814,530$24,428,102
71$35,583,891$17,614,893$14,224,619$26,303,289
72$39,159,090$18,423,665$14,646,785$28,345,129
73$43,097,247$19,270,354$15,081,382$30,569,584
74$47,435,329$20,156,765$15,528,772$32,994,200
75$52,214,075$21,084,788$15,989,328$35,638,268
76$57,478,373$22,056,405$16,463,433$38,522,991
77$63,277,691$23,073,693$16,951,481$41,671,687
78$69,666,539$24,138,828$17,453,881$45,109,998
79$76,704,988$25,254,093$17,971,047$48,866,123
80$84,459,232$26,421,878$18,503,412$52,971,078
81$93,002,213$27,644,690$19,051,416$57,458,982
82$102,414,316$28,925,156$19,615,515$62,367,367
83$112,784,117$30,266,030$20,196,177$67,737,526
84$124,209,230$31,670,199$20,793,882$73,614,894
85$136,797,221$33,140,688$21,409,126$80,049,465
86$150,666,624$34,680,668$22,042,418$87,096,254
87$165,948,062$36,293,463$22,694,281$94,815,807
88$182,785,481$37,982,559$23,365,256$103,274,759
89$201,337,504$39,751,609$24,055,896$112,546,456
90$221,778,932$41,604,441$24,766,772$122,711,628
91$244,302,394$43,545,069$25,498,469$133,859,144
92$269,120,162$45,577,701$26,251,592$146,086,836
93$296,466,159$47,706,748$27,026,760$159,502,407
94$326,598,163$49,936,835$27,824,613$174,224,434
95$359,800,243$52,272,808$28,645,805$190,383,474
96$396,385,442$54,719,749$29,491,014$208,123,275
97$436,698,726$57,282,986$30,360,932$227,602,121
98$481,120,248$59,968,104$31,256,275$248,994,309
99$530,068,930$62,780,958$32,177,776$272,491,770
100$584,006,421$65,727,685$33,126,192$298,305,868