Can I retire at age 58 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$767,985$761,144$754,470$747,956$741,595$714,147
2 years$380,191$373,110$366,248$359,594$353,141$325,797
3 years$250,943$243,832$236,987$230,396$224,047$197,668
4 years$186,331$179,242$172,466$165,987$159,792$134,579
5 years$147,575$140,528$133,840$127,494$121,471$97,489
6 years$121,745$114,752$108,163$101,958$96,116$73,382
7 years$103,303$96,368$89,884$83,825$78,168$56,677
8 years$89,478$82,605$76,229$70,319$64,848$44,579
9 years$78,730$71,923$65,656$59,896$54,611$35,538
10 years$70,137$63,396$57,240$51,631$46,532$28,619
11 years$63,111$56,438$50,393$44,934$40,019$23,228
12 years$57,261$50,656$44,723$39,414$34,679$18,969
13 years$52,314$45,778$39,957$34,796$30,241$15,567
14 years$48,077$41,611$35,901$30,888$26,509$12,825
15 years$44,409$38,012$32,414$27,547$23,341$10,599
16 years$41,203$34,876$29,388$24,665$20,629$8,783
17 years$38,376$32,119$26,742$22,162$18,291$7,293
18 years$35,867$29,680$24,412$19,972$16,263$6,066
19 years$33,624$27,507$22,348$18,046$14,496$5,053
20 years$31,608$25,561$20,510$16,344$12,948$4,214
21 years$29,786$23,809$18,865$14,834$11,587$3,518
22 years$28,132$22,225$17,387$13,487$10,386$2,939
23 years$26,625$20,786$16,054$12,283$9,323$2,457
24 years$25,245$19,475$14,847$11,203$8,380$2,056
25 years$23,977$18,277$13,752$10,231$7,541$1,720
26 years$22,809$17,177$12,754$9,355$6,792$1,440
27 years$21,729$16,166$11,843$8,563$6,124$1,206
28 years$20,728$15,233$11,010$7,845$5,526$1,011
29 years$19,797$14,370$10,245$7,194$4,990$847
30 years$18,931$13,571$9,543$6,603$4,508$710
31 years$18,122$12,829$8,897$6,064$4,076$595
32 years$17,365$12,139$8,301$5,573$3,687$499
33 years$16,655$11,496$7,751$5,125$3,337$418
34 years$15,988$10,896$7,242$4,715$3,021$351
35 years$15,361$10,334$6,771$4,341$2,736$294
36 years$14,771$9,809$6,334$3,998$2,479$247
37 years$14,213$9,316$5,928$3,683$2,247$207
38 years$13,686$8,854$5,551$3,395$2,037$173
39 years$13,187$8,419$5,201$3,130$1,847$145
40 years$12,715$8,010$4,875$2,887$1,676$122
41 years$12,266$7,625$4,571$2,664$1,520$102
42 years$11,840$7,261$4,288$2,458$1,379$86
43 years$11,435$6,919$4,024$2,269$1,252$72
44 years$11,050$6,595$3,777$2,095$1,136$60
45 years$10,682$6,289$3,546$1,935$1,032$51
46 years$10,332$5,999$3,331$1,788$937$43
47 years$9,998$5,725$3,129$1,651$850$36
48 years$9,678$5,466$2,941$1,526$772$30
49 years$9,372$5,219$2,764$1,410$701$25
50 years$9,080$4,986$2,599$1,304$637$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,300,000, adding $6,779 every year, while hoping to spend $52,304 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: 39/31/30 Blend
57$9,300,000$9,300,000$9,300,000$9,300,000
58$10,255,593$9,762,693$9,618,543$10,564,153
59$11,246,012$10,185,413$9,885,113$11,214,003
60$12,335,701$10,627,095$10,158,860$11,910,949
61$13,534,730$11,088,610$10,439,969$12,663,624
62$14,854,195$11,570,874$10,728,631$13,477,152
63$16,306,322$12,074,846$11,025,039$14,357,160
64$17,904,581$12,601,527$11,329,391$15,309,825
65$19,663,815$13,151,969$11,641,893$16,341,931
66$21,600,379$13,727,271$11,962,752$17,460,929
67$23,732,296$14,328,585$12,292,181$18,675,007
68$26,079,420$14,957,116$12,630,400$19,993,157
69$28,663,635$15,614,128$12,977,632$21,425,264
70$31,509,048$16,300,943$13,334,106$22,982,191
71$34,642,228$17,018,947$13,700,055$24,675,880
72$38,092,449$17,769,589$14,075,721$26,519,458
73$41,891,969$18,554,389$14,461,348$28,527,359
74$46,076,334$19,374,938$14,857,187$30,715,456
75$50,684,713$20,232,902$15,263,495$33,101,204
76$55,760,267$21,130,028$15,680,536$35,703,802
77$61,350,558$22,068,143$16,108,577$38,544,370
78$67,507,994$23,049,161$16,547,894$41,646,140
79$74,290,329$24,075,090$16,998,768$45,034,673
80$81,761,203$25,148,029$17,461,487$48,738,092
81$89,990,743$26,270,180$17,936,344$52,787,344
82$99,056,228$27,443,849$18,423,641$57,216,485
83$109,042,816$28,671,449$18,923,685$62,062,996
84$120,044,345$29,955,512$19,436,790$67,368,125
85$132,164,223$31,298,688$19,963,278$73,177,279
86$145,516,403$32,703,752$20,503,477$79,540,436
87$160,226,456$34,173,615$21,057,723$86,512,614
88$176,432,756$35,711,324$21,626,358$94,154,382
89$194,287,789$37,320,072$22,209,734$102,532,423
90$213,959,591$39,003,203$22,808,207$111,720,153
91$235,633,332$40,764,222$23,422,145$121,798,409
92$259,513,065$42,606,802$24,051,920$132,856,198
93$285,823,653$44,534,791$24,697,914$144,991,533
94$314,812,888$46,552,218$25,360,517$158,312,341
95$346,753,836$48,663,310$26,040,127$172,937,478
96$381,947,405$50,872,490$26,737,150$188,997,834
97$420,725,197$53,184,398$27,452,001$206,637,561
98$463,452,626$55,603,893$28,185,102$226,015,420
99$510,532,377$58,136,067$28,936,886$247,306,266
100$562,408,202$60,786,257$29,707,794$270,702,687