Can I retire at age 58 with 9,800,000?

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 $9,800,000?

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$809,275$802,066$795,033$788,169$781,466$761,338
2 years$400,631$393,170$385,938$378,927$372,127$351,983
3 years$264,434$256,941$249,728$242,782$236,092$216,562
4 years$196,349$188,879$181,738$174,911$168,383$149,616
5 years$155,509$148,083$141,036$134,348$128,002$110,051
6 years$128,291$120,921$113,978$107,440$101,284$84,166
7 years$108,857$101,549$94,716$88,332$82,371$66,088
8 years$94,288$87,047$80,327$74,099$68,335$52,878
9 years$82,963$75,790$69,186$63,116$57,548$42,905
10 years$73,908$66,805$60,318$54,407$49,033$35,187
11 years$66,505$59,472$53,103$47,350$42,170$29,099
12 years$60,339$53,379$47,127$41,533$36,544$24,224
13 years$55,126$48,239$42,105$36,667$31,867$20,274
14 years$50,662$43,848$37,832$32,549$27,934$17,043
15 years$46,797$40,056$34,157$29,028$24,596$14,377
16 years$43,418$36,751$30,968$25,991$21,738$12,165
17 years$40,439$33,846$28,180$23,353$19,274$10,318
18 years$37,795$31,275$25,725$21,046$17,138$8,770
19 years$35,431$28,986$23,550$19,017$15,275$7,467
20 years$33,307$26,935$21,613$17,223$13,644$6,366
21 years$31,388$25,089$19,879$15,631$12,210$5,435
22 years$29,645$23,419$18,322$14,212$10,944$4,645
23 years$28,056$21,904$16,917$12,943$9,824$3,973
24 years$26,602$20,522$15,645$11,805$8,830$3,401
25 years$25,266$19,259$14,491$10,781$7,946$2,913
26 years$24,035$18,101$13,440$9,858$7,157$2,497
27 years$22,897$17,035$12,480$9,023$6,453$2,141
28 years$21,842$16,052$11,602$8,267$5,823$1,836
29 years$20,862$15,143$10,796$7,581$5,258$1,576
30 years$19,949$14,301$10,056$6,958$4,751$1,352
31 years$19,096$13,519$9,375$6,390$4,295$1,161
32 years$18,298$12,792$8,747$5,872$3,885$997
33 years$17,550$12,114$8,167$5,400$3,516$856
34 years$16,848$11,481$7,631$4,969$3,183$736
35 years$16,187$10,890$7,135$4,574$2,883$632
36 years$15,565$10,336$6,674$4,213$2,612$543
37 years$14,977$9,817$6,247$3,881$2,368$467
38 years$14,422$9,330$5,850$3,577$2,147$401
39 years$13,896$8,872$5,481$3,299$1,947$345
40 years$13,398$8,441$5,137$3,042$1,766$296
41 years$12,926$8,035$4,817$2,807$1,602$255
42 years$12,477$7,652$4,519$2,591$1,454$219
43 years$12,050$7,291$4,240$2,391$1,319$188
44 years$11,644$6,950$3,980$2,208$1,197$162
45 years$11,257$6,627$3,737$2,039$1,087$139
46 years$10,888$6,322$3,510$1,884$987$120
47 years$10,535$6,033$3,298$1,740$896$103
48 years$10,198$5,759$3,099$1,608$814$88
49 years$9,876$5,500$2,913$1,486$739$76
50 years$9,568$5,254$2,738$1,374$671$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $9,800,000, adding $2,599 every year, while hoping to spend $45,623 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: 48/22/30 Blend
57$9,800,000$9,800,000$9,800,000$9,800,000
58$10,802,281$10,282,881$10,130,981$11,227,981
59$11,855,571$10,738,200$10,421,826$11,983,960
60$13,014,768$11,214,300$10,720,886$12,799,833
61$14,290,625$11,712,152$11,028,387$13,685,055
62$15,694,993$12,232,771$11,344,562$14,646,202
63$17,240,928$12,777,223$11,669,651$15,690,499
64$18,942,818$13,346,622$12,003,899$16,825,891
65$20,816,515$13,942,136$12,347,559$18,061,111
66$22,879,487$14,564,988$12,700,890$19,405,761
67$25,150,982$15,216,460$13,064,157$20,870,402
68$27,652,210$15,897,895$13,437,634$22,466,646
69$30,406,543$16,610,698$13,821,602$24,207,269
70$33,439,731$17,356,344$14,216,347$26,106,321
71$36,780,155$18,136,375$14,622,165$28,179,261
72$40,459,083$18,952,410$15,039,360$30,443,097
73$44,510,973$19,806,142$15,468,242$32,916,544
74$48,973,796$20,699,346$15,909,132$35,620,195
75$53,889,391$21,633,883$16,362,356$38,576,713
76$59,303,866$22,611,700$16,828,252$41,811,040
77$65,268,027$23,634,839$17,307,165$45,350,631
78$71,837,859$24,705,440$17,799,449$49,225,702
79$79,075,059$25,825,745$18,305,468$53,469,518
80$87,047,609$26,998,100$18,825,596$58,118,699
81$95,830,426$28,224,969$19,360,215$63,213,558
82$105,506,066$29,508,929$19,909,718$68,798,481
83$116,165,501$30,852,682$20,474,509$74,922,338
84$127,908,979$32,259,060$21,055,002$81,638,939
85$140,846,971$33,731,031$21,651,622$89,007,534
86$155,101,215$35,271,703$22,264,803$97,093,371
87$170,805,858$36,884,336$22,894,993$105,968,300
88$188,108,731$38,572,344$23,542,651$115,711,446
89$207,172,738$40,339,306$24,208,246$126,409,953
90$228,177,397$42,188,971$24,892,262$138,159,793
91$251,320,531$44,125,271$25,595,193$151,066,668
92$276,820,141$46,152,324$26,317,547$165,246,998
93$304,916,455$48,274,448$27,059,845$180,829,014
94$335,874,204$50,496,167$27,822,620$197,953,958
95$369,985,116$52,822,222$28,606,421$216,777,407
96$407,570,671$55,257,584$29,411,810$237,470,731
97$448,985,135$57,807,461$30,239,361$260,222,706
98$494,618,906$60,477,314$31,089,667$285,241,278
99$544,902,196$63,272,864$31,963,332$312,755,521
100$600,309,094$66,200,109$32,860,978$343,017,788