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%18.9%
1 years$817,533$810,251$803,146$796,211$789,440$761,127
2 years$404,719$397,182$389,877$382,794$375,924$347,705
3 years$267,133$259,563$252,276$245,260$238,501$211,265
4 years$198,353$190,806$183,592$176,696$170,101$144,054
5 years$157,096$149,594$142,475$135,719$129,308$104,518
6 years$129,600$122,155$115,141$108,536$102,317$78,803
7 years$109,968$102,586$95,683$89,233$83,211$60,968
8 years$95,251$87,935$81,147$74,856$69,032$48,040
9 years$83,810$76,563$69,892$63,760$58,135$38,367
10 years$74,662$67,487$60,933$54,962$49,534$30,956
11 years$67,183$60,079$53,644$47,833$42,601$25,174
12 years$60,955$53,924$47,608$41,956$36,917$20,600
13 years$55,689$48,731$42,535$37,041$32,192$16,940
14 years$51,179$44,296$38,218$32,881$28,219$13,985
15 years$47,274$40,465$34,505$29,324$24,847$11,583
16 years$43,861$37,126$31,284$26,257$21,960$9,619
17 years$40,852$34,191$28,467$23,591$19,471$8,005
18 years$38,180$31,594$25,987$21,261$17,313$6,673
19 years$35,793$29,281$23,790$19,211$15,431$5,571
20 years$33,647$27,210$21,833$17,399$13,783$4,657
21 years$31,708$25,345$20,082$15,791$12,335$3,897
22 years$29,947$23,658$18,509$14,357$11,056$3,263
23 years$28,342$22,127$17,090$13,076$9,925$2,735
24 years$26,873$20,732$15,805$11,926$8,920$2,293
25 years$25,524$19,456$14,639$10,891$8,027$1,924
26 years$24,280$18,285$13,577$9,958$7,231$1,614
27 years$23,131$17,209$12,607$9,115$6,519$1,355
28 years$22,065$16,216$11,720$8,351$5,882$1,138
29 years$21,075$15,297$10,906$7,658$5,311$956
30 years$20,152$14,447$10,159$7,029$4,799$803
31 years$19,291$13,657$9,471$6,455$4,339$675
32 years$18,485$12,922$8,836$5,932$3,925$567
33 years$17,729$12,238$8,251$5,455$3,552$477
34 years$17,020$11,599$7,709$5,019$3,216$401
35 years$16,352$11,001$7,207$4,621$2,913$337
36 years$15,723$10,442$6,742$4,255$2,639$283
37 years$15,130$9,917$6,311$3,921$2,392$238
38 years$14,569$9,425$5,910$3,614$2,169$200
39 years$14,038$8,962$5,537$3,332$1,966$168
40 years$13,535$8,527$5,190$3,074$1,784$142
41 years$13,058$8,117$4,866$2,836$1,618$119
42 years$12,604$7,730$4,565$2,617$1,468$100
43 years$12,173$7,365$4,283$2,416$1,333$84
44 years$11,763$7,020$4,021$2,231$1,210$71
45 years$11,372$6,695$3,775$2,060$1,098$60
46 years$10,999$6,386$3,546$1,903$997$50
47 years$10,643$6,095$3,331$1,758$905$42
48 years$10,302$5,818$3,130$1,624$822$35
49 years$9,977$5,556$2,942$1,501$747$30
50 years$9,666$5,307$2,766$1,388$678$25

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 $6,272 every year, while hoping to spend $59,610 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: 56/31/13 Blend
57$9,900,000$9,900,000$9,900,000$9,900,000
58$10,916,270$10,391,570$10,238,120$11,490,929
59$11,966,304$10,837,332$10,517,672$12,326,802
60$13,121,445$11,302,939$10,804,592$13,229,775
61$14,392,349$11,789,299$11,099,062$14,211,957
62$15,790,760$12,297,366$11,401,272$15,280,929
63$17,329,616$12,828,135$11,711,413$16,445,025
64$19,023,173$13,382,651$12,029,682$17,713,411
65$20,887,140$13,962,004$12,356,279$19,096,161
66$22,938,826$14,567,339$12,691,412$20,604,357
67$25,197,301$15,199,854$13,035,289$22,250,187
68$27,683,580$15,860,801$13,388,126$24,047,054
69$30,420,818$16,551,493$13,750,141$26,009,706
70$33,434,530$17,273,305$14,121,560$28,154,365
71$36,752,831$18,027,676$14,502,610$30,498,880
72$40,406,700$18,816,112$14,893,528$33,062,891
73$44,430,273$19,640,192$15,294,551$35,868,010
74$48,861,167$20,501,567$15,705,925$38,938,020
75$53,740,831$21,401,968$16,127,898$42,299,098
76$59,114,939$22,343,208$16,560,725$45,980,053
77$65,033,821$23,327,183$17,004,668$50,012,598
78$71,552,937$24,355,882$17,459,991$54,431,640
79$78,733,402$25,431,385$17,926,965$59,275,608
80$86,642,559$26,555,873$18,405,869$64,586,807
81$95,354,618$27,731,629$18,896,984$70,411,815
82$104,951,354$28,961,045$19,400,598$76,801,912
83$115,522,881$30,246,624$19,917,007$83,813,565
84$127,168,498$31,590,992$20,446,509$91,508,947
85$139,997,629$32,996,895$20,989,412$99,956,520
86$154,130,857$34,467,213$21,546,027$109,231,678
87$169,701,059$36,004,960$22,116,673$119,417,443
88$186,854,660$37,613,296$22,701,675$130,605,252
89$205,753,017$39,295,530$23,301,363$142,895,799
90$226,573,941$41,055,127$23,916,075$156,399,989
91$249,513,374$42,895,719$24,546,154$171,239,969
92$274,787,239$44,821,110$25,191,951$187,550,274
93$302,633,479$46,835,286$25,853,823$205,479,087
94$333,314,300$48,942,422$26,532,133$225,189,629
95$367,118,650$51,146,891$27,227,250$246,861,686
96$404,364,941$53,453,278$27,939,552$270,693,301
97$445,404,060$55,866,384$28,669,422$296,902,624
98$490,622,677$58,391,239$29,417,250$325,729,967
99$540,446,896$61,033,116$30,183,434$357,440,055
100$595,346,277$63,797,537$30,968,377$392,324,514