Can I retire at age 58 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,002,252
2 years$531,449$521,552$511,959$502,659$493,637$459,327
3 years$350,780$340,840$331,272$322,058$313,184$280,027
4 years$260,463$250,553$241,081$232,025$223,365$191,616
5 years$206,287$196,437$187,089$178,217$169,799$139,541
6 years$170,182$160,405$151,195$142,522$134,356$105,615
7 years$144,402$134,708$125,644$117,175$109,267$82,039
8 years$125,077$115,470$106,556$98,295$90,648$64,912
9 years$110,053$100,537$91,777$83,726$76,339$52,064
10 years$98,042$88,619$80,013$72,172$65,044$42,193
11 years$88,220$78,892$70,442$62,812$55,940$34,469
12 years$80,042$70,809$62,516$55,094$48,477$28,337
13 years$73,127$63,991$55,854$48,640$42,273$23,414
14 years$67,205$58,166$50,185$43,177$37,056$19,425
15 years$62,077$53,136$45,310$38,506$32,627$16,168
16 years$57,595$48,751$41,080$34,478$28,836$13,495
17 years$53,644$44,898$37,381$30,978$25,568$11,288
18 years$50,136$41,488$34,124$27,918$22,734$9,460
19 years$47,001$38,450$31,239$25,226$20,263$7,940
20 years$44,183$35,730$28,670$22,847$18,099$6,673
21 years$41,637$33,281$26,371$20,735$16,197$5,614
22 years$39,325$31,067$24,305$18,853$14,518$4,727
23 years$37,217$29,056$22,441$17,170$13,032$3,983
24 years$35,288$27,224$20,754$15,660$11,714$3,359
25 years$33,516$25,548$19,223$14,302$10,541$2,833
26 years$31,883$24,011$17,828$13,077$9,495$2,391
27 years$30,373$22,597$16,555$11,969$8,560$2,019
28 years$28,974$21,293$15,390$10,966$7,724$1,705
29 years$27,674$20,088$14,322$10,056$6,975$1,441
30 years$26,462$18,971$13,340$9,229$6,302$1,217
31 years$25,331$17,934$12,436$8,476$5,698$1,029
32 years$24,273$16,969$11,603$7,790$5,154$870
33 years$23,281$16,070$10,834$7,164$4,664$735
34 years$22,349$15,230$10,123$6,591$4,223$622
35 years$21,473$14,446$9,464$6,067$3,825$526
36 years$20,647$13,711$8,853$5,588$3,466$445
37 years$19,868$13,022$8,287$5,149$3,141$376
38 years$19,131$12,376$7,760$4,746$2,848$318
39 years$18,434$11,768$7,270$4,376$2,582$269
40 years$17,773$11,197$6,815$4,036$2,342$227
41 years$17,146$10,658$6,390$3,724$2,125$192
42 years$16,551$10,150$5,994$3,436$1,928$163
43 years$15,985$9,671$5,624$3,172$1,750$138
44 years$15,446$9,219$5,280$2,929$1,588$116
45 years$14,932$8,791$4,957$2,705$1,442$99
46 years$14,443$8,386$4,656$2,499$1,309$83
47 years$13,975$8,003$4,374$2,309$1,189$71
48 years$13,528$7,640$4,111$2,133$1,080$60
49 years$13,101$7,296$3,864$1,971$981$50
50 years$12,693$6,969$3,632$1,822$891$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,000,000, adding $4,659 every year, while hoping to spend $26,413 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: 61/18/21 Blend
57$13,000,000$13,000,000$13,000,000$13,000,000
58$14,330,806$13,641,806$13,440,306$15,125,942
59$15,764,445$14,282,151$13,862,453$16,304,762
60$17,343,430$14,952,988$14,297,856$17,587,422
61$19,082,558$15,655,783$14,746,933$18,986,737
62$20,998,135$16,392,073$15,210,112$20,514,052
63$23,108,130$17,163,469$15,687,835$22,181,847
64$25,432,342$17,971,662$16,180,561$24,003,848
65$27,992,590$18,818,422$16,688,758$25,995,161
66$30,812,917$19,705,608$17,212,915$28,172,403
67$33,919,817$20,635,165$17,753,530$30,553,861
68$37,342,486$21,609,136$18,311,121$33,159,658
69$41,113,098$22,629,662$18,886,222$36,011,943
70$45,267,105$23,698,986$19,479,381$39,135,090
71$49,843,575$24,819,462$20,091,166$42,555,929
72$54,885,561$25,993,557$20,722,162$46,303,993
73$60,440,505$27,223,858$21,372,970$50,411,795
74$66,560,686$28,513,077$22,044,215$54,915,124
75$73,303,716$29,864,058$22,736,536$59,853,384
76$80,733,081$31,279,783$23,450,596$65,269,958
77$88,918,742$32,763,379$24,187,078$71,212,615
78$97,937,793$34,318,123$24,946,684$77,733,950
79$107,875,191$35,947,455$25,730,141$84,891,881
80$118,824,558$37,654,977$26,538,198$92,750,184
81$130,889,063$39,444,471$27,371,627$101,379,093
82$144,182,395$41,319,898$28,231,225$110,855,954
83$158,829,841$43,285,414$29,117,812$121,265,951
84$174,969,462$45,345,377$30,032,237$132,702,897
85$192,753,403$47,504,357$30,975,373$145,270,120
86$212,349,323$49,767,143$31,948,121$159,081,424
87$233,941,982$52,138,761$32,951,410$174,262,158
88$257,734,983$54,624,478$33,986,201$190,950,393
89$283,952,693$57,229,820$35,053,481$209,298,209
90$312,842,365$59,960,579$36,154,270$229,473,132
91$344,676,468$62,822,829$37,289,620$251,659,694
92$379,755,262$65,822,941$38,460,616$276,061,176
93$418,409,629$68,967,596$39,668,377$302,901,507
94$461,004,200$72,263,797$40,914,057$332,427,373
95$507,940,797$75,718,892$42,198,846$364,910,532
96$559,662,223$79,340,582$43,523,972$400,650,366
97$616,656,445$83,136,946$44,890,700$439,976,697
98$679,461,201$87,116,455$46,300,338$483,252,886
99$748,669,075$91,287,993$47,754,230$530,879,250
100$824,933,092$95,660,875$49,253,768$583,296,826