Can I retire at age 58 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$784,501$777,513$770,696$764,041$757,543$744,994
2 years$388,367$381,134$374,124$367,327$360,735$348,128
3 years$256,339$249,075$242,083$235,350$228,865$216,593
4 years$190,339$183,097$176,174$169,557$163,228$151,386
5 years$150,748$143,550$136,719$130,236$124,084$112,705
6 years$124,364$117,219$110,489$104,151$98,183$87,282
7 years$105,525$98,441$91,817$85,628$79,849$69,428
8 years$91,402$84,382$77,868$71,831$66,243$56,299
9 years$80,423$73,470$67,068$61,184$55,786$46,315
10 years$71,646$64,760$58,471$52,741$47,532$38,526
11 years$64,469$57,652$51,477$45,901$40,879$32,328
12 years$58,492$51,745$45,685$40,261$35,425$27,318
13 years$53,439$46,763$40,816$35,545$30,891$23,217
14 years$49,111$42,506$36,673$31,552$27,079$19,824
15 years$45,364$38,830$33,111$28,139$23,843$16,993
16 years$42,089$35,626$30,020$25,196$21,072$14,613
17 years$39,201$32,810$27,317$22,638$18,684$12,602
18 years$36,638$30,318$24,937$20,401$16,613$10,893
19 years$34,347$28,098$22,829$18,434$14,808$9,434
20 years$32,287$26,110$20,951$16,696$13,226$8,185
21 years$30,427$24,321$19,271$15,153$11,836$7,111
22 years$28,737$22,702$17,761$13,777$10,609$6,186
23 years$27,197$21,233$16,399$12,547$9,524$5,387
24 years$25,787$19,894$15,167$11,444$8,560$4,696
25 years$24,492$18,670$14,047$10,451$7,703$4,096
26 years$23,299$17,546$13,028$9,556$6,938$3,576
27 years$22,196$16,513$12,098$8,747$6,256$3,124
28 years$21,173$15,560$11,246$8,014$5,644$2,730
29 years$20,223$14,679$10,466$7,349$5,097$2,387
30 years$19,338$13,863$9,748$6,745$4,605$2,088
31 years$18,511$13,105$9,088$6,194$4,164$1,827
32 years$17,738$12,400$8,479$5,693$3,766$1,599
33 years$17,013$11,743$7,917$5,235$3,408$1,400
34 years$16,332$11,130$7,397$4,817$3,086$1,226
35 years$15,692$10,557$6,916$4,434$2,795$1,074
36 years$15,088$10,020$6,470$4,084$2,533$941
37 years$14,519$9,516$6,056$3,762$2,295$825
38 years$13,980$9,044$5,671$3,468$2,081$723
39 years$13,471$8,600$5,313$3,198$1,887$633
40 years$12,988$8,182$4,980$2,949$1,712$555
41 years$12,530$7,789$4,670$2,721$1,553$487
42 years$12,095$7,418$4,380$2,511$1,409$427
43 years$11,681$7,068$4,110$2,318$1,279$374
44 years$11,287$6,737$3,858$2,140$1,161$328
45 years$10,912$6,424$3,623$1,977$1,054$288
46 years$10,554$6,128$3,403$1,826$957$252
47 years$10,213$5,848$3,197$1,687$869$221
48 years$9,886$5,583$3,004$1,559$789$194
49 years$9,574$5,332$2,823$1,441$717$170
50 years$9,275$5,093$2,654$1,332$651$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,500,000, adding $5,071 every year, while hoping to spend $25,301 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: 47/46/7 Blend
57$9,500,000$9,500,000$9,500,000$9,500,000
58$10,474,231$9,970,731$9,823,481$10,946,598
59$11,515,682$10,432,376$10,125,647$11,732,972
60$12,662,514$10,915,795$10,437,088$12,582,823
61$13,925,447$11,422,026$10,758,088$13,504,510
62$15,316,298$11,952,160$11,088,939$14,504,700
63$16,848,085$12,507,341$11,429,943$15,590,708
64$18,535,154$13,088,765$11,781,410$16,770,565
65$20,393,314$13,697,688$12,143,662$18,053,090
66$22,439,984$14,335,428$12,517,027$19,447,963
67$24,694,362$15,003,363$12,901,847$20,965,817
68$27,177,599$15,702,940$13,298,471$22,618,332
69$29,913,006$16,435,675$13,707,261$24,418,338
70$32,926,267$17,203,158$14,128,589$26,379,933
71$36,245,689$18,007,055$14,562,839$28,518,610
72$39,902,461$18,849,113$15,010,406$30,851,393
73$43,930,955$19,731,163$15,471,698$33,397,000
74$48,369,046$20,655,123$15,947,134$36,176,004
75$53,258,472$21,623,008$16,437,146$39,211,025
76$58,645,227$22,636,926$16,942,181$42,526,935
77$64,579,994$23,699,089$17,462,698$46,151,086
78$71,118,626$24,811,817$17,999,171$50,113,559
79$78,322,669$25,977,539$18,552,086$54,447,441
80$86,259,948$27,198,806$19,121,948$59,189,127
81$95,005,203$28,478,287$19,709,274$64,378,654
82$104,640,796$29,818,786$20,314,597$70,060,071
83$115,257,490$31,223,238$20,938,468$76,281,846
84$126,955,301$32,694,724$21,581,453$83,097,308
85$139,844,447$34,236,471$22,244,138$90,565,143
86$154,046,387$35,851,865$22,927,123$98,749,936
87$169,694,966$37,544,453$23,631,029$107,722,770
88$186,937,679$39,317,958$24,356,495$117,561,879
89$205,937,064$41,176,280$25,104,179$128,353,378
90$226,872,237$43,123,510$25,874,761$140,192,062
91$249,940,579$45,163,936$26,668,940$153,182,282
92$275,359,604$47,302,055$27,487,436$167,438,921
93$303,369,010$49,542,583$28,330,992$183,088,456
94$334,232,942$51,890,462$29,200,372$200,270,139
95$368,242,484$54,350,876$30,096,366$219,137,293
96$405,718,409$56,929,261$31,019,787$239,858,741
97$447,014,207$59,631,315$31,971,470$262,620,380
98$492,519,421$62,463,014$32,952,279$287,626,916
99$542,663,324$65,430,624$33,963,102$315,103,774
100$597,918,973$68,540,715$35,004,857$345,299,208