Can I retire at age 58 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$900,112$892,094$884,272$876,637$869,181$850,242
2 years$445,600$437,301$429,258$421,460$413,896$394,910
3 years$294,116$285,781$277,758$270,033$262,593$244,153
4 years$218,389$210,079$202,137$194,544$187,283$169,532
5 years$172,964$164,705$156,867$149,428$142,370$125,357
6 years$142,691$134,494$126,772$119,499$112,652$96,396
7 years$121,076$112,948$105,348$98,247$91,616$76,120
8 years$104,872$96,817$89,343$82,417$76,005$61,262
9 years$92,275$84,297$76,951$70,201$64,007$50,008
10 years$82,204$74,303$67,088$60,514$54,537$41,267
11 years$73,969$66,148$59,063$52,665$46,904$34,345
12 years$67,112$59,371$52,417$46,194$40,646$28,779
13 years$61,314$53,654$46,831$40,783$35,444$24,249
14 years$56,349$48,770$42,078$36,202$31,070$20,523
15 years$52,049$44,552$37,991$32,286$27,356$17,435
16 years$48,291$40,876$34,444$28,909$24,178$14,857
17 years$44,978$37,645$31,343$25,974$21,438$12,693
18 years$42,037$34,786$28,612$23,408$19,061$10,868
19 years$39,408$32,239$26,193$21,151$16,990$9,323
20 years$37,046$29,958$24,039$19,156$15,176$8,009
21 years$34,911$27,905$22,111$17,386$13,580$6,890
22 years$32,972$26,048$20,379$15,808$12,173$5,934
23 years$31,205$24,362$18,816$14,396$10,927$5,116
24 years$29,588$22,826$17,402$13,130$9,822$4,414
25 years$28,102$21,421$16,117$11,991$8,838$3,811
26 years$26,733$20,132$14,948$10,964$7,961$3,293
27 years$25,467$18,947$13,881$10,036$7,177$2,846
28 years$24,294$17,853$12,904$9,195$6,476$2,461
29 years$23,203$16,843$12,008$8,432$5,848$2,129
30 years$22,188$15,906$11,185$7,738$5,284$1,843
31 years$21,239$15,037$10,428$7,107$4,777$1,595
32 years$20,352$14,228$9,729$6,532$4,321$1,381
33 years$19,520$13,474$9,084$6,006$3,911$1,196
34 years$18,739$12,770$8,488$5,526$3,541$1,036
35 years$18,004$12,112$7,935$5,087$3,207$898
36 years$17,312$11,496$7,423$4,685$2,906$778
37 years$16,658$10,919$6,948$4,317$2,634$674
38 years$16,041$10,377$6,507$3,979$2,388$584
39 years$15,456$9,867$6,096$3,669$2,165$506
40 years$14,902$9,388$5,714$3,384$1,964$439
41 years$14,376$8,936$5,358$3,122$1,782$381
42 years$13,877$8,511$5,026$2,881$1,617$330
43 years$13,403$8,109$4,716$2,660$1,467$286
44 years$12,951$7,730$4,427$2,456$1,332$248
45 years$12,520$7,371$4,157$2,268$1,209$215
46 years$12,110$7,032$3,904$2,095$1,098$187
47 years$11,718$6,710$3,668$1,936$997$162
48 years$11,343$6,406$3,447$1,789$905$140
49 years$10,985$6,117$3,240$1,653$822$122
50 years$10,642$5,843$3,046$1,528$747$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $10,900,000, adding $3,152 every year, while hoping to spend $55,025 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: 76/17/7 Blend
57$10,900,000$10,900,000$10,900,000$10,900,000
58$12,015,051$11,437,351$11,268,401$12,917,394
59$13,182,040$11,939,235$11,587,347$14,012,796
60$14,466,218$12,463,867$11,915,132$15,205,755
61$15,879,480$13,012,304$12,251,997$16,511,731
62$17,434,932$13,585,652$12,598,184$17,941,916
63$19,147,016$14,185,070$12,953,944$19,508,631
64$21,031,645$14,811,772$13,319,534$21,225,438
65$23,106,352$15,467,029$13,695,218$23,107,267
66$25,390,458$16,152,171$14,081,266$25,170,558
67$27,905,252$16,868,595$14,477,956$27,433,409
68$30,674,191$17,617,759$14,885,571$29,915,746
69$33,723,124$18,401,195$15,304,403$32,639,514
70$37,080,534$19,220,504$15,734,751$35,628,875
71$40,777,805$20,077,366$16,176,922$38,910,435
72$44,849,522$20,973,538$16,631,230$42,513,496
73$49,333,794$21,910,862$17,097,997$46,470,329
74$54,272,615$22,891,268$17,577,554$50,816,471
75$59,712,259$23,916,778$18,070,239$55,591,063
76$65,703,718$24,989,508$18,576,401$60,837,215
77$72,303,181$26,111,678$19,096,394$66,602,408
78$79,572,566$27,285,611$19,630,584$72,938,941
79$87,580,104$28,513,742$20,179,344$79,904,420
80$96,400,982$29,798,622$20,743,060$87,562,299
81$106,118,052$31,142,925$21,322,122$95,982,473
82$116,822,614$32,549,449$21,916,934$105,241,937
83$128,615,279$34,021,130$22,527,909$115,425,507
84$141,606,912$35,561,041$23,155,470$126,626,616
85$155,919,689$37,172,403$23,800,049$138,948,192
86$171,688,237$38,858,591$24,462,091$152,503,624
87$189,060,917$40,623,142$25,142,051$167,417,831
88$208,201,216$42,469,760$25,840,395$183,828,431
89$229,289,291$44,402,330$26,557,599$201,887,037
90$252,523,675$46,424,920$27,294,154$221,760,684
91$278,123,142$48,541,793$28,050,561$243,633,399
92$306,328,779$50,757,418$28,827,331$267,707,931
93$337,406,259$53,076,476$29,624,991$294,207,659
94$371,648,348$55,503,874$30,444,079$323,378,696
95$409,377,670$58,044,754$31,285,146$355,492,201
96$450,949,750$60,704,505$32,148,757$390,846,938
97$496,756,372$63,488,774$33,035,488$429,772,082
98$547,229,278$66,403,479$33,945,932$472,630,323
99$602,844,237$69,454,822$34,880,694$519,821,281
100$664,125,546$72,649,306$35,840,394$571,785,267