Can I retire at age 58 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$842,306$834,804$827,484$820,339$813,362$788,273
2 years$416,983$409,217$401,691$394,394$387,315$362,258
3 years$275,228$267,428$259,921$252,692$245,729$221,489
4 years$204,364$196,588$189,156$182,050$175,256$152,019
5 years$161,856$154,127$146,793$139,832$133,227$111,056
6 years$133,527$125,857$118,630$111,825$105,418$84,332
7 years$113,300$105,694$98,582$91,937$85,733$65,731
8 years$98,137$90,599$83,606$77,124$71,124$52,193
9 years$86,349$78,883$72,009$65,692$59,896$42,016
10 years$76,925$69,532$62,779$56,628$51,035$34,179
11 years$69,219$61,900$55,270$49,283$43,892$28,030
12 years$62,802$55,558$49,051$43,228$38,036$23,136
13 years$57,377$50,208$43,824$38,164$33,168$19,194
14 years$52,730$45,638$39,376$33,877$29,075$15,991
15 years$48,707$41,691$35,551$30,213$25,600$13,367
16 years$45,190$38,251$32,232$27,052$22,625$11,205
17 years$42,090$35,227$29,330$24,306$20,061$9,414
18 years$39,337$32,552$26,775$21,905$17,837$7,925
19 years$36,878$30,169$24,511$19,793$15,899$6,682
20 years$34,667$28,034$22,495$17,926$14,201$5,641
21 years$32,669$26,113$20,691$16,269$12,708$4,768
22 years$30,855$24,375$19,070$14,792$11,391$4,033
23 years$29,201$22,798$17,608$13,472$10,225$3,415
24 years$27,688$21,360$16,284$12,287$9,191$2,893
25 years$26,297$20,045$15,082$11,221$8,270$2,453
26 years$25,016$18,839$13,988$10,260$7,450$2,080
27 years$23,831$17,730$12,989$9,391$6,716$1,765
28 years$22,734$16,707$12,075$8,604$6,060$1,498
29 years$21,713$15,761$11,237$7,890$5,472$1,272
30 years$20,763$14,885$10,467$7,241$4,945$1,080
31 years$19,875$14,071$9,758$6,651$4,470$917
32 years$19,045$13,314$9,104$6,112$4,044$779
33 years$18,267$12,609$8,501$5,621$3,660$662
34 years$17,536$11,950$7,943$5,172$3,313$562
35 years$16,848$11,334$7,426$4,761$3,001$478
36 years$16,200$10,758$6,947$4,384$2,719$406
37 years$15,588$10,218$6,502$4,040$2,464$345
38 years$15,010$9,710$6,089$3,723$2,234$294
39 years$14,463$9,234$5,704$3,433$2,026$250
40 years$13,945$8,785$5,347$3,167$1,838$212
41 years$13,453$8,363$5,014$2,922$1,667$180
42 years$12,986$7,964$4,703$2,696$1,513$153
43 years$12,542$7,588$4,413$2,489$1,373$130
44 years$12,119$7,233$4,142$2,298$1,246$111
45 years$11,716$6,898$3,890$2,122$1,131$94
46 years$11,332$6,580$3,653$1,961$1,027$80
47 years$10,965$6,279$3,432$1,811$933$68
48 years$10,615$5,994$3,225$1,674$847$58
49 years$10,279$5,724$3,032$1,547$769$49
50 years$9,959$5,468$2,850$1,430$699$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,200,000, adding $5,836 every year, while hoping to spend $50,058 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: 34/38/28 Blend
57$10,200,000$10,200,000$10,200,000$10,200,000
58$11,246,420$10,705,820$10,547,720$11,533,284
59$12,340,293$11,177,144$10,847,807$12,221,571
60$13,544,064$11,669,885$11,156,270$12,958,384
61$14,868,889$12,185,039$11,473,335$13,751,982
62$16,327,061$12,723,652$11,799,237$14,607,452
63$17,932,125$13,286,814$12,134,215$15,530,377
64$19,699,007$13,875,673$12,478,516$16,526,876
65$21,644,151$14,491,426$12,832,392$17,603,662
66$23,785,679$15,135,331$13,196,102$18,768,100
67$26,143,558$15,808,702$13,569,911$20,028,273
68$28,739,791$16,512,918$13,954,093$21,393,053
69$31,598,622$17,249,423$14,348,927$22,872,182
70$34,746,765$18,019,729$14,754,700$24,476,353
71$38,213,659$18,825,420$15,171,707$26,217,315
72$42,031,743$19,668,156$15,600,250$28,107,970
73$46,236,760$20,549,675$16,040,637$30,162,494
74$50,868,099$21,471,799$16,493,188$32,396,462
75$55,969,163$22,436,435$16,958,228$34,826,993
76$61,587,779$23,445,582$17,436,090$37,472,899
77$67,776,653$24,501,335$17,927,119$40,354,862
78$74,593,859$25,605,888$18,431,665$43,495,619
79$82,103,395$26,761,540$18,950,089$46,920,170
80$90,375,785$27,970,699$19,482,760$50,656,004
81$99,488,741$29,235,889$20,030,059$54,733,355
82$109,527,899$30,559,754$20,592,372$59,185,476
83$120,587,627$31,945,064$21,170,099$64,048,944
84$132,771,916$33,394,723$21,763,648$69,363,999
85$146,195,359$34,911,772$22,373,438$75,174,910
86$160,984,236$36,499,399$22,999,898$81,530,387
87$177,277,702$38,160,944$23,643,469$88,484,027
88$195,229,103$39,899,906$24,304,601$96,094,813
89$215,007,424$41,719,953$24,983,757$104,427,653
90$236,798,879$43,624,928$25,681,410$113,553,991
91$260,808,674$45,618,859$26,398,047$123,552,457
92$287,262,942$47,705,967$27,134,165$134,509,607
93$316,410,877$49,890,674$27,890,275$146,520,718
94$348,527,085$52,177,616$28,666,897$159,690,681
95$383,914,179$54,571,650$29,464,570$174,134,969
96$422,905,632$57,077,868$30,283,840$189,980,717
97$465,868,928$59,701,605$31,125,270$207,367,903
98$513,209,029$62,448,454$31,989,436$226,450,655
99$565,372,196$65,324,274$32,876,928$247,398,685
100$622,850,205$68,335,208$33,788,351$270,398,875