Can I retire at age 58 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$908,370$900,278$892,384$884,679$877,155$872,359
2 years$449,688$441,313$433,196$425,327$417,693$412,853
3 years$296,814$288,403$280,307$272,511$265,002$260,268
4 years$220,392$212,007$203,991$196,329$189,001$184,411
5 years$174,551$166,216$158,306$150,799$143,676$139,242
6 years$144,000$135,728$127,935$120,595$113,686$109,414
7 years$122,187$113,984$106,314$99,148$92,457$88,349
8 years$105,834$97,705$90,163$83,173$76,702$72,759
9 years$93,122$85,070$77,657$70,845$64,594$60,815
10 years$82,958$74,985$67,703$61,069$55,037$51,420
11 years$74,648$66,755$59,605$53,148$47,334$43,875
12 years$67,728$59,915$52,898$46,618$41,019$37,717
13 years$61,877$54,146$47,261$41,157$35,769$32,620
14 years$56,866$49,217$42,464$36,534$31,355$28,356
15 years$52,527$44,961$38,339$32,582$27,607$24,754
16 years$48,734$41,251$34,760$29,174$24,400$21,688
17 years$45,391$37,990$31,630$26,213$21,634$19,060
18 years$42,423$35,105$28,874$23,623$19,236$16,795
19 years$39,770$32,535$26,433$21,345$17,146$14,833
20 years$37,386$30,233$24,259$19,332$15,315$13,127
21 years$35,231$28,161$22,314$17,545$13,705$11,637
22 years$33,275$26,287$20,566$15,953$12,285$10,332
23 years$31,491$24,586$18,989$14,528$11,027$9,185
24 years$29,859$23,035$17,561$13,251$9,912$8,175
25 years$28,360$21,617$16,265$12,101$8,919$7,284
26 years$26,978$20,317$15,085$11,065$8,034$6,496
27 years$25,701$19,121$14,008$10,128$7,243$5,797
28 years$24,517$18,017$13,022$9,279$6,536$5,178
29 years$23,416$16,997$12,118$8,509$5,902$4,627
30 years$22,391$16,052$11,288$7,809$5,332$4,138
31 years$21,434$15,175$10,523$7,172$4,821$3,702
32 years$20,539$14,358$9,818$6,592$4,361$3,313
33 years$19,699$13,597$9,167$6,061$3,947$2,967
34 years$18,911$12,887$8,565$5,577$3,573$2,658
35 years$18,169$12,223$8,008$5,134$3,236$2,381
36 years$17,471$11,602$7,491$4,728$2,932$2,134
37 years$16,811$11,019$7,012$4,357$2,658$1,913
38 years$16,188$10,472$6,566$4,016$2,409$1,716
39 years$15,598$9,958$6,152$3,702$2,185$1,539
40 years$15,039$9,474$5,766$3,415$1,982$1,380
41 years$14,508$9,018$5,407$3,151$1,798$1,238
42 years$14,005$8,589$5,072$2,908$1,632$1,111
43 years$13,526$8,183$4,759$2,684$1,481$997
44 years$13,070$7,801$4,467$2,478$1,344$895
45 years$12,635$7,439$4,195$2,289$1,220$804
46 years$12,221$7,096$3,940$2,114$1,108$721
47 years$11,825$6,772$3,701$1,953$1,006$648
48 years$11,447$6,465$3,478$1,805$914$582
49 years$11,086$6,173$3,269$1,668$830$522
50 years$10,740$5,897$3,074$1,542$754$469

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,000,000, adding $3,433 every year, while hoping to spend $32,941 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: 60/31/9 Blend
57$11,000,000$11,000,000$11,000,000$11,000,000
58$12,125,541$11,542,541$11,372,041$12,828,416
59$13,327,297$12,073,077$11,717,956$13,830,782
60$14,650,529$12,628,504$12,074,354$14,919,560
61$16,107,591$13,210,009$12,441,553$16,106,314
62$17,712,099$13,818,833$12,819,879$17,400,481
63$19,479,054$14,456,278$13,209,666$18,812,435
64$21,424,990$15,123,707$13,611,262$20,353,583
65$23,568,121$15,822,552$14,025,022$22,036,467
66$25,928,523$16,554,310$14,451,313$23,874,882
67$28,528,313$17,320,552$14,890,513$25,883,999
68$31,391,867$18,122,925$15,343,012$28,080,506
69$34,546,044$18,963,155$15,809,209$30,482,761
70$38,020,442$19,843,051$16,289,519$33,110,962
71$41,847,675$20,764,509$16,784,366$35,987,329
72$46,063,685$21,729,516$17,294,188$39,136,313
73$50,708,074$22,740,156$17,819,438$42,584,822
74$55,824,488$23,798,614$18,360,579$46,362,463
75$61,461,017$24,907,177$18,918,090$50,501,827
76$67,670,659$26,068,248$19,492,464$55,038,780
77$74,511,815$27,284,340$20,084,210$60,012,803
78$82,048,838$28,558,091$20,693,849$65,467,353
79$90,352,648$29,892,265$21,321,921$71,450,270
80$99,501,393$31,289,761$21,968,981$78,014,221
81$109,581,193$32,753,617$22,635,599$85,217,190
82$120,686,948$34,287,018$23,322,365$93,123,015
83$132,923,237$35,893,302$24,029,885$101,801,985
84$146,405,303$37,575,970$24,758,782$111,331,498
85$161,260,143$39,338,692$25,509,701$121,796,774
86$177,627,704$41,185,314$26,283,302$133,291,661
87$195,662,205$43,119,870$27,080,268$145,919,504
88$215,533,595$45,146,588$27,901,301$159,794,113
89$237,429,152$47,269,901$28,747,126$175,040,825
90$261,555,257$49,494,458$29,618,485$191,797,681
91$288,139,337$51,825,130$30,516,148$210,216,711
92$317,432,014$54,267,026$31,440,905$230,465,363
93$349,709,472$56,825,503$32,393,568$252,728,065
94$385,276,062$59,506,177$33,374,976$277,207,960
95$424,467,175$62,314,934$34,385,992$304,128,803
96$467,652,410$65,257,949$35,427,506$333,737,063
97$515,239,060$68,341,693$36,500,432$366,304,233
98$567,675,962$71,572,953$37,605,713$402,129,378
99$625,457,726$74,958,844$38,744,321$441,541,940
100$689,129,413$78,506,826$39,917,254$484,904,832