Can I retire at age 58 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,026,041
2 years$535,538$525,564$515,897$506,525$497,434$478,787
3 years$353,479$343,462$333,820$324,536$315,593$297,451
4 years$262,467$252,481$242,935$233,810$225,083$207,586
5 years$207,874$197,948$188,528$179,588$171,105$154,303
6 years$171,491$161,639$152,358$143,618$135,389$119,301
7 years$145,513$135,744$126,611$118,076$110,108$94,738
8 years$126,039$116,358$107,376$99,051$91,345$76,690
9 years$110,900$101,311$92,483$84,370$76,926$62,977
10 years$98,796$89,300$80,629$72,728$65,545$52,290
11 years$88,899$79,499$70,984$63,295$56,371$43,796
12 years$80,658$71,354$62,997$55,518$48,850$36,937
13 years$73,689$64,483$56,283$49,014$42,598$31,329
14 years$67,722$58,613$50,571$43,509$37,341$26,696
15 years$62,555$53,544$45,659$38,803$32,878$22,837
16 years$58,038$49,126$41,396$34,744$29,058$19,598
17 years$54,057$45,243$37,669$31,217$25,764$16,864
18 years$50,522$41,807$34,387$28,133$22,909$14,545
19 years$47,362$38,746$31,480$25,420$20,419$12,570
20 years$44,523$36,005$28,890$23,023$18,239$10,880
21 years$41,957$33,537$26,574$20,895$16,321$9,432
22 years$39,627$31,305$24,492$18,998$14,630$8,186
23 years$37,503$29,279$22,614$17,302$13,133$7,112
24 years$35,559$27,433$20,914$15,780$11,804$6,185
25 years$33,774$25,744$19,370$14,412$10,622$5,383
26 years$32,128$24,196$17,965$13,177$9,568$4,688
27 years$30,607$22,771$16,682$12,061$8,626$4,085
28 years$29,197$21,457$15,508$11,051$7,783$3,561
29 years$27,887$20,242$14,432$10,134$7,028$3,106
30 years$26,666$19,117$13,443$9,300$6,350$2,711
31 years$25,526$18,071$12,532$8,542$5,741$2,366
32 years$24,460$17,099$11,693$7,850$5,194$2,066
33 years$23,460$16,193$10,918$7,219$4,700$1,804
34 years$22,521$15,348$10,201$6,642$4,255$1,576
35 years$21,638$14,557$9,537$6,114$3,854$1,377
36 years$20,806$13,817$8,922$5,631$3,492$1,203
37 years$20,020$13,123$8,350$5,188$3,165$1,052
38 years$19,278$12,471$7,820$4,782$2,869$919
39 years$18,575$11,859$7,326$4,409$2,602$804
40 years$17,910$11,283$6,867$4,067$2,360$703
41 years$17,278$10,740$6,439$3,752$2,141$614
42 years$16,678$10,229$6,040$3,463$1,943$537
43 years$16,108$9,746$5,668$3,197$1,763$470
44 years$15,565$9,290$5,320$2,952$1,601$411
45 years$15,047$8,859$4,995$2,726$1,453$359
46 years$14,554$8,451$4,692$2,518$1,319$314
47 years$14,083$8,065$4,408$2,326$1,198$275
48 years$13,632$7,699$4,142$2,150$1,088$240
49 years$13,202$7,352$3,893$1,987$988$210
50 years$12,790$7,023$3,660$1,836$898$184

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,100,000, adding $6,689 every year, while hoping to spend $44,075 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: 44/37/19 Blend
57$13,100,000$13,100,000$13,100,000$13,100,000
58$14,443,100$13,748,800$13,545,750$14,998,924
59$15,869,400$14,375,595$13,952,637$16,017,418
60$17,439,707$15,031,627$14,371,678$17,115,841
61$19,168,660$15,718,280$14,803,232$18,305,534
62$21,072,395$16,437,008$15,247,672$19,594,959
63$23,168,690$17,189,332$15,705,380$20,993,400
64$25,477,135$17,976,847$16,176,749$22,511,053
65$28,019,316$18,801,226$16,662,183$24,159,114
66$30,819,020$19,664,220$17,162,100$25,949,878
67$33,902,459$20,567,666$17,676,929$27,896,852
68$37,298,515$21,513,487$18,207,112$30,014,874
69$41,039,016$22,503,700$18,753,102$32,320,249
70$45,159,034$23,540,420$19,315,370$34,830,894
71$49,697,216$24,625,861$19,894,395$37,566,505
72$54,696,150$25,762,345$20,490,674$40,548,728
73$60,202,763$26,952,306$21,104,718$43,801,365
74$66,268,771$28,198,295$21,737,052$47,350,583
75$72,951,160$29,502,986$22,388,217$51,225,158
76$80,312,725$30,869,179$23,058,770$55,456,736
77$88,422,668$32,299,814$23,749,284$60,080,124
78$97,357,243$33,797,968$24,460,348$65,133,606
79$107,200,482$35,366,869$25,192,570$70,659,301
80$118,044,985$37,009,898$25,946,574$76,703,543
81$129,992,794$38,730,604$26,723,005$83,317,314
82$143,156,356$40,532,701$27,522,523$90,556,711
83$157,659,587$42,420,086$28,345,810$98,483,462
84$173,639,038$44,396,843$29,193,568$107,165,503
85$191,245,186$46,467,255$30,066,518$116,677,600
86$210,643,852$48,635,807$30,965,404$127,102,045
87$232,017,770$50,907,206$31,890,989$138,529,417
88$255,568,306$53,286,383$32,844,062$151,059,426
89$281,517,366$55,778,509$33,825,431$164,801,833
90$310,109,485$58,389,003$34,835,930$179,877,477
91$341,614,136$61,123,548$35,876,417$196,419,395
92$376,328,277$63,988,101$36,947,776$214,574,060
93$414,579,149$66,988,905$38,050,914$234,502,748
94$456,727,369$70,132,509$39,186,767$256,383,040
95$503,170,334$73,425,776$40,356,297$280,410,479
96$554,345,971$76,875,901$41,560,495$306,800,394
97$610,736,868$80,490,428$42,800,380$335,789,911
98$672,874,836$84,277,267$44,077,001$367,640,172
99$741,345,926$88,244,709$45,391,436$402,638,770
100$816,795,959$92,401,449$46,744,798$441,102,444