Can I retire at age 58 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$545,022$540,167$535,431$530,807$526,293$512,738
2 years$269,813$264,788$259,918$255,196$250,616$237,050
3 years$178,088$173,042$168,184$163,506$159,001$145,848
4 years$132,235$127,204$122,395$117,797$113,401$100,762
5 years$104,731$99,729$94,983$90,480$86,206$74,116
6 years$86,400$81,437$76,761$72,357$68,211$56,683
7 years$73,312$68,390$63,789$59,489$55,474$44,508
8 years$63,500$58,623$54,098$49,904$46,021$35,612
9 years$55,873$51,042$46,594$42,507$38,757$28,895
10 years$49,775$44,991$40,622$36,641$33,022$23,697
11 years$44,789$40,053$35,763$31,889$28,400$19,597
12 years$40,637$35,949$31,739$27,971$24,611$16,314
13 years$37,126$32,488$28,356$24,694$21,461$13,654
14 years$34,119$29,530$25,478$21,921$18,813$11,478
15 years$31,516$26,977$23,004$19,549$16,564$9,683
16 years$29,240$24,750$20,856$17,504$14,640$8,193
17 years$27,235$22,794$18,978$15,728$12,981$6,949
18 years$25,454$21,063$17,325$14,174$11,542$5,906
19 years$23,862$19,521$15,860$12,807$10,287$5,029
20 years$22,431$18,140$14,555$11,599$9,189$4,288
21 years$21,139$16,896$13,388$10,527$8,223$3,660
22 years$19,965$15,772$12,339$9,572$7,371$3,128
23 years$18,895$14,751$11,393$8,717$6,616$2,676
24 years$17,915$13,821$10,537$7,950$5,947$2,290
25 years$17,016$12,970$9,759$7,261$5,351$1,962
26 years$16,187$12,190$9,051$6,639$4,820$1,681
27 years$15,420$11,472$8,405$6,077$4,346$1,442
28 years$14,710$10,810$7,813$5,568$3,921$1,237
29 years$14,050$10,198$7,271$5,106$3,541$1,061
30 years$13,435$9,631$6,773$4,686$3,199$911
31 years$12,861$9,105$6,314$4,303$2,893$782
32 years$12,323$8,615$5,891$3,955$2,617$671
33 years$11,820$8,158$5,500$3,637$2,368$577
34 years$11,347$7,732$5,139$3,346$2,144$495
35 years$10,902$7,334$4,805$3,080$1,942$426
36 years$10,482$6,961$4,495$2,837$1,759$366
37 years$10,087$6,611$4,207$2,614$1,595$314
38 years$9,713$6,283$3,940$2,409$1,446$270
39 years$9,359$5,975$3,691$2,221$1,311$232
40 years$9,023$5,684$3,460$2,049$1,189$199
41 years$8,705$5,411$3,244$1,890$1,079$171
42 years$8,403$5,153$3,043$1,745$979$147
43 years$8,115$4,910$2,856$1,611$888$127
44 years$7,842$4,680$2,680$1,487$806$109
45 years$7,581$4,463$2,517$1,373$732$94
46 years$7,332$4,258$2,364$1,269$665$81
47 years$7,095$4,063$2,221$1,172$604$69
48 years$6,868$3,879$2,087$1,083$548$60
49 years$6,651$3,704$1,962$1,001$498$51
50 years$6,444$3,538$1,844$925$452$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $6,600,000, adding $2,764 every year, while hoping to spend $59,230 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: 38/33/29 Blend
57$6,600,000$6,600,000$6,600,000$6,600,000
58$7,276,051$6,926,251$6,823,951$7,489,636
59$7,955,188$7,202,617$6,989,533$7,923,586
60$8,701,612$7,490,540$7,158,677$8,386,652
61$9,522,123$7,790,523$7,331,440$8,886,007
62$10,424,214$8,103,094$7,507,878$9,424,987
63$11,416,140$8,428,801$7,688,048$10,007,256
64$12,506,995$8,768,221$7,872,006$10,636,840
65$13,706,800$9,121,955$8,059,809$11,318,159
66$15,026,593$9,490,630$8,251,512$12,056,071
67$16,478,538$9,874,904$8,447,170$12,855,913
68$18,076,038$10,275,463$8,646,840$13,723,552
69$19,833,858$10,693,025$8,850,573$14,665,436
70$21,768,269$11,128,341$9,058,425$15,688,654
71$23,897,198$11,582,195$9,270,447$16,801,002
72$26,240,397$12,055,408$9,486,693$18,011,050
73$28,819,632$12,548,837$9,707,211$19,328,226
74$31,658,884$13,063,380$9,932,052$20,762,897
75$34,784,579$13,599,974$10,161,265$22,326,468
76$38,225,834$14,159,601$10,394,895$24,031,487
77$42,014,734$14,743,286$10,632,989$25,891,759
78$46,186,632$15,352,102$10,875,589$27,922,473
79$50,780,485$15,987,172$11,122,739$30,140,342
80$55,839,221$16,649,669$11,374,476$32,563,763
81$61,410,139$17,340,821$11,630,839$35,212,979
82$67,545,364$18,061,912$11,891,863$38,110,272
83$74,302,331$18,814,285$12,157,580$41,280,170
84$81,744,329$19,599,346$12,428,019$44,749,671
85$89,941,101$20,418,564$12,703,208$48,548,496
86$98,969,497$21,273,478$12,983,170$52,709,369
87$108,914,204$22,165,696$13,267,923$57,268,315
88$119,868,539$23,096,902$13,557,486$62,265,000
89$131,935,337$24,068,857$13,851,869$67,743,101
90$145,227,916$25,083,405$14,151,080$73,750,710
91$159,871,145$26,142,474$14,455,123$80,340,789
92$176,002,628$27,248,081$14,763,996$87,571,657
93$193,773,998$28,402,339$15,077,692$95,507,541
94$213,352,349$29,607,457$15,396,198$104,219,177
95$234,921,814$30,865,748$15,719,496$113,784,466
96$258,685,302$32,179,633$16,047,562$124,289,210
97$284,866,412$33,551,644$16,380,364$135,827,911
98$313,711,544$34,984,432$16,717,865$148,504,658
99$345,492,225$36,480,773$17,060,017$162,434,102
100$380,507,672$38,043,571$17,406,768$177,742,535