Can I retire at age 58 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$627,601$622,011$616,556$611,233$606,035$587,105
2 years$310,694$304,907$299,299$293,862$288,588$269,685
3 years$205,072$199,260$193,666$188,280$183,092$164,809
4 years$152,271$146,477$140,940$135,645$130,583$113,060
5 years$120,599$114,840$109,375$104,189$99,267$82,551
6 years$99,491$93,775$88,391$83,320$78,547$62,652
7 years$84,420$78,753$73,453$68,502$63,879$48,806
8 years$73,122$67,505$62,294$57,465$52,994$38,731
9 years$64,339$58,776$53,654$48,947$44,629$31,160
10 years$57,317$51,808$46,777$42,193$38,026$25,332
11 years$51,575$46,121$41,182$36,721$32,704$20,761
12 years$46,794$41,396$36,548$32,209$28,340$17,125
13 years$42,751$37,410$32,653$28,436$24,713$14,197
14 years$39,289$34,005$29,339$25,242$21,663$11,820
15 years$36,291$31,064$26,489$22,511$19,074$9,873
16 years$33,671$28,501$24,016$20,157$16,858$8,270
17 years$31,361$26,248$21,854$18,110$14,947$6,944
18 years$29,310$24,254$19,950$16,321$13,290$5,841
19 years$27,477$22,479$18,263$14,748$11,846$4,921
20 years$25,830$20,888$16,761$13,357$10,581$4,151
21 years$24,341$19,457$15,417$12,122$9,469$3,506
22 years$22,990$18,162$14,209$11,022$8,488$2,964
23 years$21,758$16,987$13,119$10,038$7,619$2,507
24 years$20,630$15,915$12,133$9,155$6,848$2,122
25 years$19,594$14,936$11,238$8,361$6,162$1,798
26 years$18,639$14,037$10,422$7,645$5,551$1,523
27 years$17,757$13,211$9,678$6,997$5,004$1,291
28 years$16,939$12,448$8,997$6,411$4,516$1,095
29 years$16,179$11,744$8,373$5,879$4,077$929
30 years$15,470$11,091$7,799$5,396$3,684$788
31 years$14,809$10,484$7,271$4,955$3,331$669
32 years$14,190$9,920$6,784$4,554$3,013$568
33 years$13,610$9,395$6,334$4,188$2,727$482
34 years$13,066$8,904$5,918$3,853$2,469$409
35 years$12,553$8,445$5,533$3,547$2,236$348
36 years$12,071$8,016$5,176$3,267$2,026$295
37 years$11,615$7,613$4,845$3,010$1,836$251
38 years$11,184$7,235$4,537$2,774$1,665$213
39 years$10,777$6,880$4,250$2,558$1,510$181
40 years$10,390$6,546$3,984$2,359$1,369$154
41 years$10,024$6,231$3,736$2,177$1,242$130
42 years$9,676$5,934$3,504$2,009$1,127$111
43 years$9,345$5,654$3,288$1,855$1,023$94
44 years$9,030$5,389$3,087$1,712$929$80
45 years$8,730$5,139$2,898$1,581$843$68
46 years$8,443$4,903$2,722$1,461$765$58
47 years$8,170$4,679$2,557$1,350$695$49
48 years$7,909$4,466$2,403$1,247$631$42
49 years$7,659$4,265$2,259$1,153$573$35
50 years$7,420$4,074$2,124$1,065$521$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $7,600,000, adding $4,876 every year, while hoping to spend $47,586 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: 60/20/20 Blend
57$7,600,000$7,600,000$7,600,000$7,600,000
58$8,380,230$7,977,430$7,859,630$8,838,867
59$9,184,382$8,317,693$8,072,296$9,490,243
60$10,068,963$8,673,033$8,290,492$10,194,903
61$11,042,126$9,044,141$8,514,352$10,962,617
62$12,112,855$9,431,736$8,744,015$11,799,503
63$13,291,047$9,836,572$8,979,621$12,712,295
64$14,587,610$10,259,440$9,221,314$13,708,398
65$16,014,560$10,701,167$9,469,242$14,795,963
66$17,585,138$11,162,616$9,723,554$15,983,956
67$19,313,933$11,644,695$9,984,404$17,282,248
68$21,217,021$12,148,352$10,251,949$18,701,697
69$23,312,115$12,674,580$10,526,347$20,254,258
70$25,618,735$13,224,418$10,807,764$21,953,089
71$28,158,386$13,798,955$11,096,364$23,812,672
72$30,954,768$14,399,330$11,392,319$25,848,952
73$34,033,994$15,026,737$11,695,801$28,079,481
74$37,424,839$15,682,425$12,006,988$30,523,585
75$41,159,010$16,367,702$12,326,060$33,202,540
76$45,271,448$17,083,937$12,653,201$36,139,773
77$49,800,652$17,832,566$12,988,600$39,361,082
78$54,789,047$18,615,091$13,332,447$42,894,872
79$60,283,384$19,433,085$13,684,938$46,772,426
80$66,335,177$20,288,194$14,046,271$51,028,192
81$73,001,194$21,182,145$14,416,651$55,700,109
82$80,343,990$22,116,744$14,796,282$60,829,959
83$88,432,496$23,093,883$15,185,377$66,463,762
84$97,342,673$24,115,545$15,584,149$72,652,202
85$107,158,224$25,183,806$15,992,817$79,451,107
86$117,971,390$26,300,839$16,411,603$86,921,966
87$129,883,813$27,468,922$16,840,734$95,132,512
88$143,007,504$28,690,441$17,280,439$104,157,353
89$157,465,890$29,967,893$17,730,955$114,078,674
90$173,394,987$31,303,897$18,192,519$124,987,006
91$190,944,682$32,701,193$18,665,374$136,982,080
92$210,280,142$34,162,654$19,149,766$150,173,759
93$231,583,381$35,691,289$19,645,948$164,683,074
94$255,054,972$37,290,249$20,154,174$180,643,358
95$280,915,944$38,962,835$20,674,703$198,201,501
96$309,409,863$40,712,507$21,207,799$217,519,331
97$340,805,138$42,542,889$21,753,729$238,775,135
98$375,397,548$44,457,776$22,312,765$262,165,335
99$413,513,038$46,461,147$22,885,182$287,906,339
100$455,510,793$48,557,169$23,471,261$316,236,571