Can I retire at age 58 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$809,275$802,066$795,033$788,169$781,466$765,687
2 years$400,631$393,170$385,938$378,927$372,127$356,299
3 years$264,434$256,941$249,728$242,782$236,092$220,710
4 years$196,349$188,879$181,738$174,911$168,383$153,564
5 years$155,509$148,083$141,036$134,348$128,002$113,788
6 years$128,291$120,921$113,978$107,440$101,284$87,691
7 years$108,857$101,549$94,716$88,332$82,371$69,402
8 years$94,288$87,047$80,327$74,099$68,335$55,985
9 years$82,963$75,790$69,186$63,116$57,548$45,810
10 years$73,908$66,805$60,318$54,407$49,033$37,896
11 years$66,505$59,472$53,103$47,350$42,170$31,620
12 years$60,339$53,379$47,127$41,533$36,544$26,565
13 years$55,126$48,239$42,105$36,667$31,867$22,442
14 years$50,662$43,848$37,832$32,549$27,934$19,046
15 years$46,797$40,056$34,157$29,028$24,596$16,225
16 years$43,418$36,751$30,968$25,991$21,738$13,865
17 years$40,439$33,846$28,180$23,353$19,274$11,880
18 years$37,795$31,275$25,725$21,046$17,138$10,202
19 years$35,431$28,986$23,550$19,017$15,275$8,777
20 years$33,307$26,935$21,613$17,223$13,644$7,563
21 years$31,388$25,089$19,879$15,631$12,210$6,526
22 years$29,645$23,419$18,322$14,212$10,944$5,638
23 years$28,056$21,904$16,917$12,943$9,824$4,876
24 years$26,602$20,522$15,645$11,805$8,830$4,220
25 years$25,266$19,259$14,491$10,781$7,946$3,655
26 years$24,035$18,101$13,440$9,858$7,157$3,168
27 years$22,897$17,035$12,480$9,023$6,453$2,747
28 years$21,842$16,052$11,602$8,267$5,823$2,384
29 years$20,862$15,143$10,796$7,581$5,258$2,069
30 years$19,949$14,301$10,056$6,958$4,751$1,796
31 years$19,096$13,519$9,375$6,390$4,295$1,560
32 years$18,298$12,792$8,747$5,872$3,885$1,356
33 years$17,550$12,114$8,167$5,400$3,516$1,178
34 years$16,848$11,481$7,631$4,969$3,183$1,024
35 years$16,187$10,890$7,135$4,574$2,883$890
36 years$15,565$10,336$6,674$4,213$2,612$774
37 years$14,977$9,817$6,247$3,881$2,368$673
38 years$14,422$9,330$5,850$3,577$2,147$585
39 years$13,896$8,872$5,481$3,299$1,947$509
40 years$13,398$8,441$5,137$3,042$1,766$443
41 years$12,926$8,035$4,817$2,807$1,602$385
42 years$12,477$7,652$4,519$2,591$1,454$335
43 years$12,050$7,291$4,240$2,391$1,319$291
44 years$11,644$6,950$3,980$2,208$1,197$254
45 years$11,257$6,627$3,737$2,039$1,087$221
46 years$10,888$6,322$3,510$1,884$987$192
47 years$10,535$6,033$3,298$1,740$896$167
48 years$10,198$5,759$3,099$1,608$814$145
49 years$9,876$5,500$2,913$1,486$739$126
50 years$9,568$5,254$2,738$1,374$671$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,800,000, adding $2,124 every year, while hoping to spend $22,289 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: 38/49/13 Blend
57$9,800,000$9,800,000$9,800,000$9,800,000
58$10,801,791$10,282,391$10,130,491$11,169,545
59$11,879,858$10,762,513$10,446,147$11,911,933
60$13,067,141$11,265,414$10,771,631$12,711,396
61$14,374,757$11,792,186$11,107,247$13,574,883
62$15,814,954$12,343,975$11,453,312$14,508,154
63$17,401,232$12,921,982$11,810,151$15,517,523
64$19,148,464$13,527,466$12,178,097$16,609,911
65$21,073,042$14,161,746$12,557,498$17,792,906
66$23,193,027$14,826,206$12,948,709$19,074,832
67$25,528,322$15,522,297$13,352,097$20,464,817
68$28,100,860$16,251,538$13,768,041$21,972,879
69$30,934,809$17,015,525$14,196,932$23,610,010
70$34,056,802$17,815,929$14,639,172$25,388,277
71$37,496,188$18,654,501$15,095,176$27,320,926
72$41,285,307$19,533,080$15,565,372$29,422,502
73$45,459,799$20,453,591$16,050,202$31,708,978
74$50,058,935$21,418,054$16,550,121$34,197,900
75$55,125,994$22,428,586$17,065,598$36,908,542
76$60,708,666$23,487,407$17,597,115$39,862,080
77$66,859,504$24,596,844$18,145,174$43,081,787
78$73,636,423$25,759,339$18,710,286$46,593,236
79$81,103,240$26,977,449$19,292,983$50,424,540
80$89,330,284$28,253,857$19,893,812$54,606,602
81$98,395,054$29,591,377$20,513,335$59,173,395
82$108,382,952$30,992,957$21,152,134$64,162,279
83$119,388,092$32,461,690$21,810,809$69,614,333
84$131,514,183$34,000,819$22,489,977$75,574,737
85$144,875,513$35,613,742$23,190,274$82,093,184
86$159,598,025$37,304,026$23,912,359$89,224,334
87$175,820,509$39,075,408$24,656,907$97,028,319
88$193,695,905$40,931,807$25,424,618$105,571,293
89$213,392,755$42,877,334$26,216,211$114,926,044
90$235,096,790$44,916,297$27,032,428$125,172,663
91$259,012,682$47,053,215$27,874,034$136,399,284
92$285,365,980$49,292,827$28,741,819$148,702,901
93$314,405,236$51,640,102$29,636,595$162,190,260
94$346,404,352$54,100,248$30,559,203$176,978,850
95$381,665,165$56,678,730$31,510,505$193,197,994
96$420,520,300$59,381,275$32,491,395$210,990,047
97$463,336,305$62,213,892$33,502,792$230,511,714
98$510,517,115$65,182,880$34,545,642$251,935,515
99$562,507,863$68,294,844$35,620,924$275,451,379
100$619,799,086$71,556,712$36,729,645$301,268,419