Can I retire at age 58 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$668,890$662,932$657,119$651,446$645,905$637,570
2 years$331,134$324,967$318,990$313,195$307,574$299,188
3 years$218,563$212,369$206,408$200,667$195,138$186,962
4 years$162,289$156,114$150,212$144,569$139,174$131,271
5 years$128,533$122,395$116,571$111,043$105,798$98,191
6 years$106,036$99,945$94,206$88,802$83,714$76,413
7 years$89,974$83,934$78,286$73,009$68,082$61,089
8 years$77,932$71,947$66,393$61,245$56,481$49,795
9 years$68,572$62,642$57,184$52,168$47,565$41,183
10 years$61,087$55,216$49,854$44,969$40,528$34,446
11 years$54,968$49,156$43,891$39,136$34,855$29,068
12 years$49,872$44,120$38,952$34,328$30,205$24,705
13 years$45,564$39,871$34,801$30,306$26,339$21,120
14 years$41,874$36,242$31,269$26,903$23,089$18,142
15 years$38,679$33,108$28,232$23,992$20,329$15,647
16 years$35,886$30,376$25,596$21,483$17,967$13,541
17 years$33,424$27,975$23,291$19,302$15,931$11,752
18 years$31,239$25,850$21,262$17,395$14,165$10,224
19 years$29,285$23,957$19,464$15,718$12,625$8,913
20 years$27,529$22,262$17,863$14,236$11,277$7,785
21 years$25,943$20,737$16,431$12,920$10,092$6,810
22 years$24,502$19,357$15,144$11,747$9,046$5,965
23 years$23,189$18,104$13,983$10,698$8,120$5,230
24 years$21,987$16,962$12,931$9,757$7,299$4,591
25 years$20,883$15,918$11,977$8,911$6,568$4,034
26 years$19,866$14,961$11,108$8,148$5,916$3,547
27 years$18,925$14,080$10,315$7,458$5,334$3,121
28 years$18,053$13,267$9,589$6,833$4,813$2,747
29 years$17,243$12,516$8,923$6,266$4,346$2,420
30 years$16,488$11,820$8,312$5,751$3,927$2,132
31 years$15,783$11,174$7,749$5,281$3,550$1,880
32 years$15,124$10,573$7,230$4,854$3,211$1,658
33 years$14,506$10,013$6,751$4,463$2,906$1,462
34 years$13,925$9,490$6,307$4,107$2,631$1,290
35 years$13,379$9,001$5,897$3,781$2,383$1,139
36 years$12,865$8,543$5,516$3,482$2,159$1,005
37 years$12,379$8,114$5,163$3,208$1,957$888
38 years$11,920$7,711$4,835$2,957$1,774$784
39 years$11,486$7,333$4,530$2,726$1,609$692
40 years$11,074$6,976$4,246$2,515$1,459$612
41 years$10,683$6,641$3,981$2,320$1,324$540
42 years$10,312$6,325$3,735$2,141$1,201$477
43 years$9,960$6,026$3,504$1,977$1,090$422
44 years$9,624$5,744$3,290$1,825$990$373
45 years$9,304$5,477$3,089$1,685$898$329
46 years$8,999$5,225$2,901$1,557$816$291
47 years$8,708$4,987$2,726$1,438$741$257
48 years$8,429$4,760$2,561$1,329$673$227
49 years$8,163$4,546$2,407$1,228$611$201
50 years$7,908$4,342$2,263$1,135$555$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $8,100,000, adding $5,771 every year, while hoping to spend $21,301 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: 86/6/8 Blend
57$8,100,000$8,100,000$8,100,000$8,100,000
58$8,932,153$8,502,853$8,377,303$9,692,429
59$9,820,568$8,896,828$8,635,278$10,583,196
60$10,798,888$9,309,395$8,901,182$11,558,388
61$11,876,260$9,741,441$9,175,257$12,629,357
62$13,062,765$10,193,898$9,457,754$13,805,736
63$14,369,509$10,667,741$9,748,932$15,098,136
64$15,808,734$11,163,995$10,049,055$16,518,241
65$17,393,925$11,683,731$10,358,399$18,078,925
66$19,139,946$12,228,074$10,677,246$19,794,368
67$21,063,174$12,798,203$11,005,887$21,680,188
68$23,181,656$13,395,354$11,344,623$23,753,593
69$25,515,280$14,020,821$11,693,763$26,033,537
70$28,085,960$14,675,963$12,053,625$28,540,900
71$30,917,845$15,362,202$12,424,539$31,298,687
72$34,037,547$16,081,031$12,806,842$34,332,240
73$37,474,389$16,834,015$13,200,884$37,669,476
74$41,260,688$17,622,792$13,607,025$41,341,155
75$45,432,052$18,449,083$14,025,634$45,381,164
76$50,027,723$19,314,690$14,457,094$49,826,837
77$55,090,942$20,221,501$14,901,799$54,719,307
78$60,669,363$21,171,499$15,360,153$60,103,894
79$66,815,495$22,166,760$15,832,576$66,030,528
80$73,587,205$23,209,461$16,319,497$72,554,223
81$81,048,261$24,301,885$16,821,360$79,735,594
82$89,268,931$25,446,425$17,338,624$87,641,424
83$98,326,653$26,645,591$17,871,759$96,345,299
84$108,306,760$27,902,013$18,421,251$105,928,298
85$119,303,288$29,218,450$18,987,601$116,479,754
86$131,419,862$30,597,793$19,571,324$128,098,101
87$144,770,677$32,043,074$20,172,953$140,891,799
88$159,481,575$33,557,473$20,793,036$154,980,354
89$175,691,229$35,144,323$21,432,136$170,495,448
90$193,552,458$36,807,118$22,090,836$187,582,178
91$213,233,664$38,549,523$22,769,735$206,400,424
92$234,920,428$40,375,379$23,469,451$227,126,355
93$258,817,255$42,288,716$24,190,620$249,954,093
94$285,149,509$44,293,757$24,933,900$275,097,540
95$314,165,539$46,394,932$25,699,966$302,792,396
96$346,139,023$48,596,883$26,489,515$333,298,381
97$381,371,554$50,904,481$27,303,264$366,901,686
98$420,195,484$53,322,831$28,141,954$403,917,670
99$462,977,060$55,857,287$29,006,347$444,693,836
100$510,119,890$58,513,464$29,897,229$489,613,107