Can I retire at age 58 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$817,533$810,251$803,146$796,211$789,440$769,419
2 years$404,719$397,182$389,877$382,794$375,924$355,883
3 years$267,133$259,563$252,276$245,260$238,501$219,068
4 years$198,353$190,806$183,592$176,696$170,101$151,424
5 years$157,096$149,594$142,475$135,719$129,308$111,439
6 years$129,600$122,155$115,141$108,536$102,317$85,274
7 years$109,968$102,586$95,683$89,233$83,211$66,996
8 years$95,251$87,935$81,147$74,856$69,032$53,636
9 years$83,810$76,563$69,892$63,760$58,135$43,546
10 years$74,662$67,487$60,933$54,962$49,534$35,735
11 years$67,183$60,079$53,644$47,833$42,601$29,571
12 years$60,955$53,924$47,608$41,956$36,917$24,634
13 years$55,689$48,731$42,535$37,041$32,192$20,631
14 years$51,179$44,296$38,218$32,881$28,219$17,354
15 years$47,274$40,465$34,505$29,324$24,847$14,650
16 years$43,861$37,126$31,284$26,257$21,960$12,405
17 years$40,852$34,191$28,467$23,591$19,471$10,529
18 years$38,180$31,594$25,987$21,261$17,313$8,956
19 years$35,793$29,281$23,790$19,211$15,431$7,631
20 years$33,647$27,210$21,833$17,399$13,783$6,511
21 years$31,708$25,345$20,082$15,791$12,335$5,563
22 years$29,947$23,658$18,509$14,357$11,056$4,758
23 years$28,342$22,127$17,090$13,076$9,925$4,073
24 years$26,873$20,732$15,805$11,926$8,920$3,489
25 years$25,524$19,456$14,639$10,891$8,027$2,991
26 years$24,280$18,285$13,577$9,958$7,231$2,565
27 years$23,131$17,209$12,607$9,115$6,519$2,201
28 years$22,065$16,216$11,720$8,351$5,882$1,890
29 years$21,075$15,297$10,906$7,658$5,311$1,623
30 years$20,152$14,447$10,159$7,029$4,799$1,394
31 years$19,291$13,657$9,471$6,455$4,339$1,198
32 years$18,485$12,922$8,836$5,932$3,925$1,030
33 years$17,729$12,238$8,251$5,455$3,552$885
34 years$17,020$11,599$7,709$5,019$3,216$761
35 years$16,352$11,001$7,207$4,621$2,913$654
36 years$15,723$10,442$6,742$4,255$2,639$563
37 years$15,130$9,917$6,311$3,921$2,392$484
38 years$14,569$9,425$5,910$3,614$2,169$416
39 years$14,038$8,962$5,537$3,332$1,966$358
40 years$13,535$8,527$5,190$3,074$1,784$308
41 years$13,058$8,117$4,866$2,836$1,618$265
42 years$12,604$7,730$4,565$2,617$1,468$228
43 years$12,173$7,365$4,283$2,416$1,333$196
44 years$11,763$7,020$4,021$2,231$1,210$169
45 years$11,372$6,695$3,775$2,060$1,098$145
46 years$10,999$6,386$3,546$1,903$997$125
47 years$10,643$6,095$3,331$1,758$905$107
48 years$10,302$5,818$3,130$1,624$822$92
49 years$9,977$5,556$2,942$1,501$747$80
50 years$9,666$5,307$2,766$1,388$678$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,900,000, adding $5,987 every year, while hoping to spend $38,774 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: 52/36/12 Blend
57$9,900,000$9,900,000$9,900,000$9,900,000
58$10,915,976$10,391,276$10,237,826$11,448,686
59$11,988,150$10,859,193$10,539,538$12,280,750
60$13,168,386$11,348,739$10,850,057$13,180,553
61$14,467,667$11,860,931$11,169,639$14,158,251
62$15,898,091$12,396,839$11,498,544$15,221,216
63$17,472,992$12,957,580$11,837,041$16,377,542
64$19,207,061$13,544,326$12,185,406$17,636,127
65$21,116,489$14,158,305$12,543,925$19,006,745
66$23,219,112$14,800,804$12,912,888$20,500,141
67$25,534,589$15,473,170$13,292,597$22,128,126
68$28,084,579$16,176,817$13,683,360$23,903,685
69$30,892,949$16,913,225$14,085,497$25,841,092
70$33,986,002$17,683,945$14,499,332$27,956,045
71$37,392,718$18,490,602$14,925,204$30,265,809
72$41,145,033$19,334,899$15,363,456$32,789,369
73$45,278,140$20,218,623$15,814,445$35,547,611
74$49,830,817$21,143,643$16,278,536$38,563,508
75$54,845,798$22,111,919$16,756,105$41,862,335
76$60,370,173$23,125,506$17,247,538$45,471,901
77$66,455,833$24,186,558$17,753,232$49,422,804
78$73,159,958$25,297,330$18,273,596$53,748,713
79$80,545,562$26,460,187$18,809,050$58,486,682
80$88,682,081$27,677,608$19,360,024$63,677,492
81$97,646,032$28,952,189$19,926,964$69,366,026
82$107,521,735$30,286,654$20,510,325$75,601,687
83$118,402,108$31,683,856$21,110,577$82,438,856
84$130,389,543$33,146,786$21,728,202$89,937,399
85$143,596,875$34,678,577$22,363,695$98,163,219
86$158,148,444$36,282,515$23,017,566$107,188,871
87$174,181,271$37,962,043$23,690,340$117,094,241
88$191,846,349$39,720,772$24,382,555$127,967,284
89$211,310,071$41,562,484$25,094,765$139,904,846
90$232,755,797$43,491,145$25,827,539$153,013,569
91$256,385,588$45,510,911$26,581,462$167,410,885
92$282,422,112$47,626,140$27,357,135$183,226,111
93$311,110,746$49,841,399$28,155,177$200,601,659
94$342,721,889$52,161,475$28,976,223$219,694,367
95$377,553,522$54,591,387$29,820,926$240,676,965
96$415,934,012$57,136,395$30,689,957$263,739,692
97$458,225,218$59,802,015$31,584,008$289,092,075
98$504,825,904$62,594,028$32,503,786$316,964,894
99$556,175,503$65,518,493$33,450,020$347,612,341
100$612,758,269$68,581,764$34,423,460$381,314,404