Can I retire at age 58 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$858,822$851,172$843,709$836,424$829,311$810,579
2 years$425,160$417,241$409,567$402,127$394,910$376,139
3 years$280,624$272,672$265,017$257,647$250,547$232,323
4 years$208,371$200,443$192,865$185,620$178,692$161,155
5 years$165,030$157,149$149,671$142,574$135,839$119,037
6 years$136,145$128,324$120,956$114,017$107,485$91,437
7 years$115,522$107,767$100,515$93,740$87,414$72,122
8 years$100,061$92,376$85,245$78,636$72,518$57,977
9 years$88,043$80,430$73,421$66,981$61,071$47,269
10 years$78,433$70,895$64,010$57,738$52,035$38,959
11 years$70,576$63,114$56,354$50,249$44,752$32,383
12 years$64,033$56,647$50,013$44,075$38,781$27,100
13 years$58,502$51,193$44,683$38,912$33,818$22,803
14 years$53,764$46,533$40,148$34,542$29,645$19,273
15 years$49,662$42,508$36,248$30,805$26,102$16,350
16 years$46,076$39,001$32,864$27,583$23,069$13,913
17 years$42,915$35,918$29,905$24,783$20,454$11,870
18 years$40,109$33,190$27,299$22,334$18,187$10,148
19 years$37,601$30,760$24,991$20,181$16,210$8,692
20 years$35,346$28,584$22,936$18,278$14,479$7,456
21 years$33,309$26,625$21,097$16,588$12,957$6,405
22 years$31,460$24,853$19,444$15,082$11,615$5,508
23 years$29,774$23,245$17,953$13,736$10,426$4,741
24 years$28,230$21,779$16,603$12,528$9,371$4,084
25 years$26,813$20,438$15,378$11,441$8,432$3,520
26 years$25,506$19,209$14,262$10,461$7,596$3,036
27 years$24,299$18,078$13,244$9,575$6,848$2,620
28 years$23,179$17,034$12,312$8,773$6,179$2,262
29 years$22,139$16,070$11,457$8,045$5,580$1,954
30 years$21,170$15,176$10,672$7,383$5,042$1,688
31 years$20,265$14,347$9,949$6,781$4,558$1,459
32 years$19,418$13,575$9,283$6,232$4,123$1,261
33 years$18,625$12,856$8,667$5,731$3,731$1,091
34 years$17,880$12,184$8,098$5,273$3,378$943
35 years$17,178$11,557$7,571$4,854$3,060$816
36 years$16,518$10,969$7,083$4,470$2,772$706
37 years$15,894$10,418$6,629$4,119$2,513$611
38 years$15,305$9,901$6,208$3,796$2,278$528
39 years$14,747$9,415$5,816$3,501$2,066$457
40 years$14,218$8,957$5,452$3,229$1,874$396
41 years$13,717$8,527$5,112$2,979$1,700$342
42 years$13,241$8,120$4,795$2,749$1,543$296
43 years$12,788$7,737$4,500$2,538$1,400$256
44 years$12,357$7,375$4,224$2,343$1,271$222
45 years$11,946$7,033$3,966$2,164$1,154$192
46 years$11,554$6,709$3,725$1,999$1,047$166
47 years$11,180$6,402$3,499$1,847$951$144
48 years$10,823$6,112$3,288$1,707$864$125
49 years$10,481$5,837$3,091$1,577$784$108
50 years$10,154$5,575$2,906$1,458$713$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,400,000, adding $6,203 every year, while hoping to spend $24,328 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: 83/11/6 Blend
57$10,400,000$10,400,000$10,400,000$10,400,000
58$11,467,198$10,915,998$10,754,798$12,414,501
59$12,610,968$11,424,998$11,089,199$13,543,103
60$13,870,586$11,958,122$11,433,987$14,778,198
61$15,257,845$12,516,529$11,789,485$16,133,624
62$16,785,736$13,101,430$12,156,024$17,621,426
63$18,468,578$13,714,097$12,533,947$19,254,867
64$20,322,146$14,355,861$12,923,607$21,048,552
65$22,363,826$15,028,119$13,325,369$23,018,568
66$24,612,775$15,732,336$13,739,608$25,182,629
67$27,090,104$16,470,046$14,166,711$27,560,245
68$29,819,076$17,242,859$14,607,077$30,172,905
69$32,825,325$18,052,462$15,061,117$33,044,274
70$36,137,099$18,900,624$15,529,255$36,200,423
71$39,785,527$19,789,199$16,011,930$39,670,063
72$43,804,913$20,720,131$16,509,591$43,484,823
73$48,233,055$21,695,459$17,022,703$47,679,541
74$53,111,609$22,717,319$17,551,746$52,292,594
75$58,486,477$23,787,951$18,097,213$57,366,255
76$64,408,242$24,909,705$18,659,615$62,947,094
77$70,932,646$26,085,044$19,239,475$69,086,412
78$78,121,114$27,316,550$19,837,336$75,840,724
79$86,041,336$28,606,929$20,453,755$83,272,291
80$94,767,905$29,959,021$21,089,308$91,449,702
81$104,383,020$31,375,802$21,744,589$100,448,523
82$114,977,263$32,860,391$22,420,208$110,352,004
83$126,650,455$34,416,062$23,116,796$121,251,863
84$139,512,596$36,046,244$23,835,003$133,249,150
85$153,684,906$37,754,534$24,575,501$146,455,196
86$169,300,964$39,544,704$25,338,978$160,992,659
87$186,507,977$41,420,709$26,126,148$176,996,683
88$205,468,162$43,386,695$26,937,746$194,616,167
89$226,360,282$45,447,011$27,774,527$214,015,167
90$249,381,330$47,606,214$28,637,273$235,374,438
91$274,748,393$49,869,085$29,526,789$258,893,144
92$302,700,696$52,240,638$30,443,904$284,790,724
93$333,501,866$54,726,127$31,389,473$313,308,966
94$367,442,414$57,331,065$32,364,378$344,714,281
95$404,842,484$60,061,231$33,369,528$379,300,214
96$446,054,870$62,922,685$34,405,861$417,390,211
97$491,468,352$65,921,781$35,474,342$459,340,664
98$541,511,358$69,065,183$36,575,967$505,544,274
99$596,656,019$72,359,879$37,711,764$556,433,746
100$657,422,615$75,813,195$38,882,790$612,485,874