Can I retire at age 58 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$743,212$736,591$730,133$723,828$717,673$706,656
2 years$367,927$361,074$354,433$347,994$341,749$330,677
3 years$242,848$235,966$229,342$222,963$216,820$206,036
4 years$180,321$173,460$166,902$160,633$154,638$144,226
5 years$142,814$135,995$129,523$123,381$117,553$107,543
6 years$117,818$111,050$104,674$98,669$93,016$83,420
7 years$99,971$93,260$86,984$81,121$75,647$66,467
8 years$86,591$79,941$73,770$68,051$62,756$53,992
9 years$76,191$69,603$63,538$57,964$52,850$44,496
10 years$67,875$61,351$55,394$49,966$45,031$37,081
11 years$61,076$54,618$48,768$43,485$38,728$31,174
12 years$55,414$49,022$43,280$38,142$33,561$26,394
13 years$50,626$44,301$38,668$33,674$29,266$22,475
14 years$46,527$40,269$34,743$29,892$25,654$19,229
15 years$42,977$36,786$31,369$26,658$22,588$16,517
16 years$39,873$33,751$28,440$23,870$19,963$14,234
17 years$37,138$31,083$25,879$21,447$17,701$12,301
18 years$34,710$28,722$23,625$19,328$15,739$10,656
19 years$32,539$26,619$21,627$17,464$14,028$9,249
20 years$30,588$24,736$19,848$15,817$12,530$8,042
21 years$28,825$23,041$18,257$14,355$11,213$7,003
22 years$27,225$21,508$16,826$13,052$10,051$6,106
23 years$25,766$20,116$15,536$11,887$9,022$5,330
24 years$24,430$18,847$14,368$10,841$8,110$4,657
25 years$23,203$17,687$13,308$9,901$7,297$4,072
26 years$22,073$16,623$12,342$9,053$6,573$3,563
27 years$21,028$15,644$11,461$8,286$5,926$3,120
28 years$20,059$14,741$10,654$7,592$5,347$2,734
29 years$19,159$13,907$9,915$6,962$4,829$2,396
30 years$18,320$13,133$9,235$6,390$4,363$2,101
31 years$17,537$12,416$8,610$5,868$3,944$1,843
32 years$16,804$11,748$8,033$5,393$3,568$1,617
33 years$16,118$11,125$7,501$4,959$3,229$1,420
34 years$15,473$10,544$7,008$4,563$2,924$1,246
35 years$14,866$10,001$6,552$4,201$2,648$1,094
36 years$14,294$9,492$6,129$3,869$2,399$961
37 years$13,754$9,016$5,737$3,564$2,175$844
38 years$13,244$8,568$5,372$3,285$1,971$742
39 years$12,762$8,147$5,033$3,029$1,788$652
40 years$12,304$7,752$4,718$2,794$1,622$573
41 years$11,870$7,379$4,424$2,578$1,471$504
42 years$11,458$7,027$4,150$2,379$1,335$443
43 years$11,066$6,696$3,894$2,196$1,211$389
44 years$10,693$6,382$3,655$2,028$1,100$342
45 years$10,338$6,086$3,432$1,873$998$301
46 years$9,999$5,806$3,223$1,730$906$264
47 years$9,675$5,541$3,028$1,598$823$232
48 years$9,366$5,289$2,846$1,477$747$204
49 years$9,070$5,051$2,675$1,365$679$180
50 years$8,787$4,825$2,515$1,262$617$158

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,000,000, adding $2,811 every year, while hoping to spend $55,291 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: 47/46/7 Blend
57$9,000,000$9,000,000$9,000,000$9,000,000
58$9,920,900$9,443,900$9,304,400$10,368,406
59$10,874,002$9,847,821$9,557,268$11,079,753
60$11,922,468$10,269,682$9,816,754$11,845,268
61$13,075,966$10,710,303$10,083,021$12,674,730
62$14,345,149$11,170,542$10,356,237$13,574,084
63$15,741,755$11,651,300$10,636,572$14,549,855
64$17,278,717$12,153,516$10,924,200$15,609,210
65$18,970,285$12,678,177$11,219,299$16,760,017
66$20,832,160$13,226,315$11,522,052$18,010,921
67$22,881,645$13,799,008$11,832,645$19,371,416
68$25,137,802$14,397,389$12,151,268$20,851,936
69$27,621,637$15,022,641$12,478,115$22,463,947
70$30,356,297$15,676,002$12,813,385$24,220,049
71$33,367,285$16,358,773$13,157,279$26,134,093
72$36,682,706$17,072,310$13,510,005$28,221,306
73$40,333,526$17,818,037$13,871,775$30,498,429
74$44,353,869$18,597,444$14,242,802$32,983,871
75$48,781,336$19,412,092$14,623,309$35,697,876
76$53,657,361$20,263,613$15,013,518$38,662,709
77$59,027,601$21,153,719$15,413,660$41,902,859
78$64,942,366$22,084,202$15,823,969$45,445,268
79$71,457,098$23,056,938$16,244,682$49,319,572
80$78,632,886$24,073,892$16,676,043$53,558,378
81$86,537,050$25,137,122$17,118,300$58,197,566
82$95,243,773$26,248,785$17,571,707$63,276,617
83$104,834,800$27,411,137$18,036,521$68,838,977
84$115,400,210$28,626,544$18,513,005$74,932,463
85$127,039,269$29,897,482$19,001,428$81,609,704
86$139,861,361$31,226,545$19,502,062$88,928,625
87$153,987,025$32,616,451$20,015,187$96,952,991
88$169,549,091$34,070,047$20,541,085$105,752,992
89$186,693,932$35,590,313$21,080,045$115,405,904
90$205,582,849$37,180,373$21,632,362$125,996,796
91$226,393,588$38,843,500$22,198,334$137,619,334
92$249,322,023$40,583,121$22,778,268$150,376,644
93$274,584,001$42,402,826$23,372,472$164,382,277
94$302,417,382$44,306,377$23,981,263$179,761,268
95$333,084,281$46,297,716$24,604,961$196,651,303
96$366,873,544$48,380,970$25,243,893$215,204,003
97$404,103,474$50,560,466$25,898,392$235,586,342
98$445,124,835$52,840,735$26,568,795$257,982,205
99$490,324,163$55,226,526$27,255,444$282,594,113
100$540,127,415$57,722,813$27,958,689$309,645,110