Can I retire at age 58 with 13,600,000?

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 $13,600,000?

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$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,065,202
2 years$555,978$545,623$535,588$525,858$516,421$497,061
3 years$366,970$356,571$346,561$336,922$327,638$308,804
4 years$272,485$262,117$252,208$242,734$233,674$215,509
5 years$215,808$205,503$195,723$186,443$177,636$160,192
6 years$178,036$167,809$158,174$149,100$140,557$123,855
7 years$151,067$140,926$131,443$122,583$114,310$98,354
8 years$130,849$120,799$111,474$102,832$94,832$79,617
9 years$115,133$105,177$96,013$87,590$79,862$65,381
10 years$102,567$92,709$83,706$75,503$68,046$54,286
11 years$92,292$82,533$73,693$65,711$58,522$45,467
12 years$83,736$74,077$65,401$57,637$50,714$38,347
13 years$76,502$66,944$58,431$50,885$44,224$32,525
14 years$70,307$60,850$52,501$45,170$38,766$27,715
15 years$64,942$55,588$47,401$40,284$34,133$23,708
16 years$60,253$51,001$42,976$36,070$30,167$20,346
17 years$56,120$46,970$39,107$32,408$26,748$17,508
18 years$52,450$43,402$35,699$29,206$23,783$15,100
19 years$49,170$40,225$32,681$26,390$21,198$13,049
20 years$46,222$37,379$29,993$23,902$18,935$11,296
21 years$43,558$34,817$27,588$21,692$16,944$9,792
22 years$41,140$32,500$25,426$19,723$15,188$8,498
23 years$38,935$30,397$23,477$17,962$13,634$7,383
24 years$36,917$28,480$21,712$16,383$12,254$6,421
25 years$35,063$26,727$20,110$14,962$11,027$5,588
26 years$33,354$25,119$18,651$13,680$9,933$4,867
27 years$31,775$23,640$17,319$12,522$8,955$4,241
28 years$30,311$22,276$16,100$11,473$8,080$3,697
29 years$28,951$21,015$14,983$10,521$7,296$3,225
30 years$27,684$19,846$13,956$9,655$6,593$2,814
31 years$26,500$18,761$13,010$8,868$5,961$2,456
32 years$25,393$17,752$12,139$8,150$5,392$2,145
33 years$24,356$16,811$11,334$7,494$4,880$1,873
34 years$23,381$15,933$10,590$6,895$4,418$1,636
35 years$22,464$15,113$9,901$6,348$4,001$1,430
36 years$21,600$14,344$9,262$5,846$3,625$1,249
37 years$20,785$13,624$8,669$5,386$3,286$1,092
38 years$20,014$12,947$8,118$4,965$2,979$954
39 years$19,284$12,311$7,606$4,578$2,701$834
40 years$18,593$11,713$7,129$4,222$2,450$729
41 years$17,938$11,150$6,685$3,896$2,223$638
42 years$17,315$10,619$6,271$3,595$2,017$558
43 years$16,723$10,118$5,884$3,319$1,831$488
44 years$16,159$9,644$5,523$3,064$1,662$427
45 years$15,622$9,197$5,186$2,830$1,509$373
46 years$15,109$8,773$4,871$2,614$1,370$326
47 years$14,620$8,372$4,576$2,415$1,244$285
48 years$14,153$7,993$4,300$2,232$1,129$250
49 years$13,706$7,632$4,042$2,062$1,026$218
50 years$13,278$7,291$3,800$1,906$932$191

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,600,000, adding $2,569 every year, while hoping to spend $52,733 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: 62/14/24 Blend
57$13,600,000$13,600,000$13,600,000$13,600,000
58$14,989,850$14,269,050$14,058,250$15,824,019
59$16,462,707$14,912,126$14,473,094$17,032,265
60$18,084,028$15,584,945$14,900,068$18,344,872
61$19,868,901$16,288,910$15,339,522$19,776,897
62$21,833,951$17,025,488$15,791,817$21,340,006
63$23,997,496$17,796,218$16,257,325$23,047,032
64$26,379,721$18,602,714$16,736,427$24,912,098
65$29,002,870$19,446,664$17,229,514$26,950,748
66$31,891,451$20,329,839$17,736,991$29,180,086
67$35,072,471$21,254,094$18,259,273$31,618,940
68$38,575,691$22,221,372$18,796,786$34,288,036
69$42,433,902$23,233,710$19,349,969$37,210,187
70$46,683,241$24,293,242$19,919,274$40,410,506
71$51,363,526$25,402,206$20,505,164$43,916,646
72$56,518,637$26,562,945$21,108,118$47,759,046
73$62,196,923$27,777,915$21,728,625$51,971,227
74$68,451,667$29,049,690$22,367,191$56,590,094
75$75,341,580$30,380,967$23,024,335$61,656,287
76$82,931,361$31,774,575$23,700,590$67,214,559
77$91,292,305$33,233,474$24,396,506$73,314,194
78$100,502,977$34,760,772$25,112,646$80,009,465
79$110,649,952$36,359,720$25,849,590$87,360,146
80$121,828,631$38,033,731$26,607,936$95,432,069
81$134,144,146$39,786,378$27,388,296$104,297,741
82$147,712,347$41,621,409$28,191,302$114,037,022
83$162,660,897$43,542,749$29,017,602$124,737,875
84$179,130,480$45,554,515$29,867,862$136,497,189
85$197,276,122$47,661,019$30,742,769$149,421,691
86$217,268,661$49,866,783$31,643,026$163,628,941
87$239,296,355$52,176,547$32,569,359$179,248,441
88$263,566,663$54,595,277$33,522,512$196,422,850
89$290,308,198$57,128,181$34,503,251$215,309,321
90$319,772,888$59,780,716$35,512,364$236,080,977
91$352,238,354$62,558,602$36,550,659$258,928,542
92$388,010,529$65,467,836$37,618,969$284,062,130
93$427,426,547$68,514,705$38,718,150$311,713,219
94$470,857,927$71,705,797$39,849,079$342,136,830
95$518,714,074$75,048,020$41,012,662$375,613,927
96$571,446,150$78,548,613$42,209,827$412,454,054
97$629,551,330$82,215,168$43,441,528$452,998,254
98$693,577,495$86,055,641$44,708,749$497,622,273
99$764,128,404$90,078,372$46,012,497$546,740,099
100$841,869,396$94,292,107$47,353,810$600,807,860