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%15.8%
1 years$784,501$777,513$770,696$764,041$757,543$739,530
2 years$388,367$381,134$374,124$367,327$360,735$342,692
3 years$256,339$249,075$242,083$235,350$228,865$211,357
4 years$190,339$183,097$176,174$169,557$163,228$146,389
5 years$150,748$143,550$136,719$130,236$124,084$107,961
6 years$124,364$117,219$110,489$104,151$98,183$82,793
7 years$105,525$98,441$91,817$85,628$79,849$65,194
8 years$91,402$84,382$77,868$71,831$66,243$52,316
9 years$80,423$73,470$67,068$61,184$55,786$42,577
10 years$71,646$64,760$58,471$52,741$47,532$35,026
11 years$64,469$57,652$51,477$45,901$40,879$29,059
12 years$58,492$51,745$45,685$40,261$35,425$24,270
13 years$53,439$46,763$40,816$35,545$30,891$20,381
14 years$49,111$42,506$36,673$31,552$27,079$17,191
15 years$45,364$38,830$33,111$28,139$23,843$14,553
16 years$42,089$35,626$30,020$25,196$21,072$12,358
17 years$39,201$32,810$27,317$22,638$18,684$10,520
18 years$36,638$30,318$24,937$20,401$16,613$8,974
19 years$34,347$28,098$22,829$18,434$14,808$7,669
20 years$32,287$26,110$20,951$16,696$13,226$6,564
21 years$30,427$24,321$19,271$15,153$11,836$5,625
22 years$28,737$22,702$17,761$13,777$10,609$4,826
23 years$27,197$21,233$16,399$12,547$9,524$4,144
24 years$25,787$19,894$15,167$11,444$8,560$3,562
25 years$24,492$18,670$14,047$10,451$7,703$3,063
26 years$23,299$17,546$13,028$9,556$6,938$2,636
27 years$22,196$16,513$12,098$8,747$6,256$2,269
28 years$21,173$15,560$11,246$8,014$5,644$1,954
29 years$20,223$14,679$10,466$7,349$5,097$1,684
30 years$19,338$13,863$9,748$6,745$4,605$1,451
31 years$18,511$13,105$9,088$6,194$4,164$1,251
32 years$17,738$12,400$8,479$5,693$3,766$1,079
33 years$17,013$11,743$7,917$5,235$3,408$930
34 years$16,332$11,130$7,397$4,817$3,086$803
35 years$15,692$10,557$6,916$4,434$2,795$692
36 years$15,088$10,020$6,470$4,084$2,533$597
37 years$14,519$9,516$6,056$3,762$2,295$516
38 years$13,980$9,044$5,671$3,468$2,081$445
39 years$13,471$8,600$5,313$3,198$1,887$384
40 years$12,988$8,182$4,980$2,949$1,712$332
41 years$12,530$7,789$4,670$2,721$1,553$286
42 years$12,095$7,418$4,380$2,511$1,409$247
43 years$11,681$7,068$4,110$2,318$1,279$213
44 years$11,287$6,737$3,858$2,140$1,161$184
45 years$10,912$6,424$3,623$1,977$1,054$159
46 years$10,554$6,128$3,403$1,826$957$137
47 years$10,213$5,848$3,197$1,687$869$119
48 years$9,886$5,583$3,004$1,559$789$102
49 years$9,574$5,332$2,823$1,441$717$88
50 years$9,275$5,093$2,654$1,332$651$76

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 $4,104 every year, while hoping to spend $27,749 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: 77/12/11 Blend
57$9,500,000$9,500,000$9,500,000$9,500,000
58$10,473,233$9,969,733$9,822,483$11,258,243
59$11,511,978$10,428,725$10,122,012$12,234,464
60$12,655,745$10,909,278$10,430,644$13,300,657
61$13,915,217$11,412,419$10,748,657$14,468,943
62$15,302,166$11,939,224$11,076,333$15,749,477
63$16,829,562$12,490,821$11,413,966$17,153,443
64$18,511,701$13,068,394$11,761,857$18,693,152
65$20,364,331$13,673,183$12,120,316$20,382,161
66$22,404,809$14,306,485$12,489,663$22,235,396
67$24,652,261$14,969,664$12,870,228$24,269,296
68$27,127,760$15,664,146$13,262,349$26,501,962
69$29,854,532$16,391,429$13,666,378$28,953,327
70$32,858,165$17,153,081$14,082,673$31,645,345
71$36,166,861$17,950,745$14,511,605$34,602,194
72$39,811,695$18,786,145$14,953,558$37,850,504
73$43,826,910$19,661,088$15,408,924$41,419,603
74$48,250,241$20,577,468$15,878,110$45,341,796
75$53,123,271$21,537,269$16,361,532$49,652,665
76$58,491,822$22,542,573$16,859,621$54,391,403
77$64,406,390$23,595,561$17,372,820$59,601,183
78$70,922,619$24,698,521$17,901,586$65,329,560
79$78,101,826$25,853,848$18,446,390$71,628,921
80$86,011,584$27,064,058$19,007,715$78,556,974
81$94,726,352$28,331,784$19,586,060$86,177,292
82$104,328,187$29,659,788$20,181,940$94,559,907
83$114,907,511$31,050,967$20,795,884$103,781,971
84$126,563,969$32,508,356$21,428,438$113,928,482
85$139,407,366$34,035,137$22,080,162$125,093,079
86$153,558,706$35,634,648$22,751,637$137,378,923
87$169,151,334$37,310,386$23,443,457$150,899,673
88$186,332,194$39,066,019$24,156,237$165,780,546
89$205,263,216$40,905,391$24,890,608$182,159,504
90$226,122,843$42,832,535$25,647,223$200,188,545
91$249,107,720$44,851,676$26,426,752$220,035,137
92$274,434,546$46,967,247$27,229,887$241,883,795
93$302,342,120$49,183,892$28,057,338$265,937,816
94$333,093,596$51,506,483$28,909,839$292,421,193
95$366,978,970$53,940,127$29,788,145$321,580,728
96$404,317,811$56,490,180$30,693,035$353,688,352
97$445,462,284$59,162,255$31,625,307$389,043,687
98$490,800,471$61,962,239$32,585,789$427,976,873
99$540,760,035$64,896,305$33,575,330$470,851,673
100$595,812,260$67,970,925$34,594,804$518,068,903