Can I retire at age 58 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$891,854$883,910$876,159$868,594$861,207$828,675
2 years$441,512$433,289$425,320$417,593$410,099$377,700
3 years$291,417$283,159$275,210$267,556$260,183$228,939
4 years$216,385$208,152$200,283$192,759$185,565$155,712
5 years$171,377$163,194$155,427$148,057$141,064$112,679
6 years$141,382$133,260$125,608$118,403$111,619$84,723
7 years$119,965$111,911$104,381$97,345$90,776$65,360
8 years$103,910$95,929$88,524$81,661$75,307$51,349
9 years$91,429$83,523$76,245$69,557$63,420$40,884
10 years$81,450$73,622$66,472$59,959$54,037$32,882
11 years$73,291$65,541$58,521$52,182$46,473$26,654
12 years$66,496$58,826$51,936$45,771$40,273$21,738
13 years$60,752$53,162$46,401$40,409$35,119$17,814
14 years$55,832$48,322$41,692$35,870$30,785$14,656
15 years$51,572$44,143$37,642$31,990$27,105$12,096
16 years$47,848$40,501$34,128$28,644$23,956$10,008
17 years$44,566$37,300$31,055$25,736$21,241$8,298
18 years$41,651$34,467$28,349$23,193$18,886$6,892
19 years$39,047$31,943$25,953$20,957$16,834$5,732
20 years$36,706$29,683$23,818$18,981$15,036$4,773
21 years$34,590$27,649$21,908$17,226$13,456$3,978
22 years$32,670$25,809$20,192$15,663$12,061$3,319
23 years$30,919$24,139$18,643$14,264$10,827$2,770
24 years$29,316$22,616$17,242$13,010$9,731$2,314
25 years$27,844$21,224$15,970$11,881$8,757$1,933
26 years$26,487$19,948$14,811$10,864$7,888$1,616
27 years$25,233$18,773$13,753$9,944$7,112$1,351
28 years$24,071$17,690$12,785$9,111$6,417$1,130
29 years$22,991$16,688$11,898$8,355$5,794$945
30 years$21,984$15,760$11,082$7,667$5,235$791
31 years$21,044$14,899$10,332$7,042$4,733$662
32 years$20,165$14,097$9,640$6,472$4,282$554
33 years$19,341$13,350$9,001$5,951$3,875$464
34 years$18,567$12,653$8,410$5,476$3,508$388
35 years$17,839$12,001$7,863$5,041$3,178$325
36 years$17,153$11,391$7,355$4,642$2,879$272
37 years$16,505$10,819$6,884$4,277$2,609$228
38 years$15,893$10,282$6,447$3,942$2,366$191
39 years$15,314$9,777$6,040$3,635$2,145$160
40 years$14,765$9,302$5,661$3,353$1,946$134
41 years$14,245$8,854$5,309$3,093$1,765$112
42 years$13,750$8,433$4,980$2,855$1,602$94
43 years$13,280$8,035$4,673$2,635$1,454$79
44 years$12,832$7,659$4,386$2,433$1,320$66
45 years$12,405$7,303$4,118$2,247$1,198$55
46 years$11,998$6,967$3,868$2,076$1,088$46
47 years$11,610$6,649$3,634$1,918$988$39
48 years$11,239$6,347$3,415$1,772$897$32
49 years$10,884$6,061$3,210$1,638$815$27
50 years$10,545$5,790$3,018$1,514$740$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,800,000, adding $2,710 every year, while hoping to spend $55,204 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: 71/24/5 Blend
57$10,800,000$10,800,000$10,800,000$10,800,000
58$11,904,395$11,331,995$11,164,595$12,743,871
59$13,059,907$11,828,527$11,479,873$13,794,548
60$14,331,431$12,347,537$11,803,862$14,936,980
61$15,730,741$12,890,071$12,136,796$16,185,786
62$17,270,813$13,457,221$12,478,914$17,551,402
63$18,965,941$14,050,130$12,830,463$19,045,316
64$20,831,878$14,669,998$13,191,695$20,680,166
65$22,885,980$15,318,078$13,562,867$22,469,863
66$25,147,372$15,995,685$13,944,245$24,429,715
67$27,637,127$16,704,197$14,336,100$26,576,570
68$30,378,465$17,445,054$14,738,711$28,928,975
69$33,396,975$18,219,768$15,152,363$31,507,345
70$36,720,849$19,029,919$15,577,350$34,334,152
71$40,381,156$19,877,165$16,013,972$37,434,138
72$44,412,130$20,763,242$16,462,536$40,834,541
73$48,851,494$21,689,968$16,923,358$44,565,351
74$53,740,817$22,659,247$17,396,761$48,659,590
75$59,125,905$23,673,075$17,883,077$53,153,615
76$65,057,233$24,733,541$18,382,646$58,087,463
77$71,590,421$25,842,836$18,895,815$63,505,224
78$78,786,762$27,003,252$19,422,943$69,455,448
79$86,713,794$28,217,194$19,964,393$75,991,604
80$95,445,942$29,487,178$20,520,542$83,172,577
81$105,065,222$30,815,843$21,091,773$91,063,222
82$115,662,007$32,205,952$21,678,480$99,734,964
83$127,335,888$33,660,400$22,281,066$109,266,477
84$140,196,611$35,182,221$22,899,944$119,744,412
85$154,365,109$36,774,595$23,535,536$131,264,214
86$169,974,651$38,440,850$24,188,277$143,931,015
87$187,172,091$40,184,478$24,858,611$157,860,618
88$206,119,261$42,009,134$25,546,991$173,180,589
89$226,994,495$43,918,650$26,253,884$190,031,448
90$249,994,311$45,917,042$26,979,766$208,567,992
91$275,335,269$48,008,515$27,725,127$228,960,745
92$303,256,013$50,197,479$28,490,465$251,397,565
93$334,019,524$52,488,553$29,276,294$276,085,402
94$367,915,602$54,886,579$30,083,136$303,252,248
95$405,263,602$57,396,630$30,911,530$333,149,278
96$446,415,448$60,024,023$31,762,024$366,053,212
97$491,758,952$62,774,329$32,635,181$402,268,915
98$541,721,482$65,653,388$33,531,576$442,132,267
99$596,773,988$68,667,319$34,451,799$486,013,321
100$657,435,452$71,822,535$35,396,452$534,319,785