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%15.7%
1 years$908,370$900,278$892,384$884,679$877,155$856,646
2 years$449,688$441,313$433,196$425,327$417,693$397,147
3 years$296,814$288,403$280,307$272,511$265,002$245,061
4 years$220,392$212,007$203,991$196,329$189,001$169,819
5 years$174,551$166,216$158,306$150,799$143,676$125,306
6 years$144,000$135,728$127,935$120,595$113,686$96,147
7 years$122,187$113,984$106,314$99,148$92,457$75,752
8 years$105,834$97,705$90,163$83,173$76,702$60,824
9 years$93,122$85,070$77,657$70,845$64,594$49,531
10 years$82,958$74,985$67,703$61,069$55,037$40,772
11 years$74,648$66,755$59,605$53,148$47,334$33,847
12 years$67,728$59,915$52,898$46,618$41,019$28,288
13 years$61,877$54,146$47,261$41,157$35,769$23,771
14 years$56,866$49,217$42,464$36,534$31,355$20,064
15 years$52,527$44,961$38,339$32,582$27,607$16,998
16 years$48,734$41,251$34,760$29,174$24,400$14,443
17 years$45,391$37,990$31,630$26,213$21,634$12,304
18 years$42,423$35,105$28,874$23,623$19,236$10,504
19 years$39,770$32,535$26,433$21,345$17,146$8,984
20 years$37,386$30,233$24,259$19,332$15,315$7,695
21 years$35,231$28,161$22,314$17,545$13,705$6,599
22 years$33,275$26,287$20,566$15,953$12,285$5,666
23 years$31,491$24,586$18,989$14,528$11,027$4,869
24 years$29,859$23,035$17,561$13,251$9,912$4,188
25 years$28,360$21,617$16,265$12,101$8,919$3,605
26 years$26,978$20,317$15,085$11,065$8,034$3,104
27 years$25,701$19,121$14,008$10,128$7,243$2,675
28 years$24,517$18,017$13,022$9,279$6,536$2,305
29 years$23,416$16,997$12,118$8,509$5,902$1,988
30 years$22,391$16,052$11,288$7,809$5,332$1,715
31 years$21,434$15,175$10,523$7,172$4,821$1,480
32 years$20,539$14,358$9,818$6,592$4,361$1,277
33 years$19,699$13,597$9,167$6,061$3,947$1,102
34 years$18,911$12,887$8,565$5,577$3,573$952
35 years$18,169$12,223$8,008$5,134$3,236$822
36 years$17,471$11,602$7,491$4,728$2,932$710
37 years$16,811$11,019$7,012$4,357$2,658$613
38 years$16,188$10,472$6,566$4,016$2,409$529
39 years$15,598$9,958$6,152$3,702$2,185$457
40 years$15,039$9,474$5,766$3,415$1,982$395
41 years$14,508$9,018$5,407$3,151$1,798$341
42 years$14,005$8,589$5,072$2,908$1,632$295
43 years$13,526$8,183$4,759$2,684$1,481$255
44 years$13,070$7,801$4,467$2,478$1,344$220
45 years$12,635$7,439$4,195$2,289$1,220$190
46 years$12,221$7,096$3,940$2,114$1,108$164
47 years$11,825$6,772$3,701$1,953$1,006$142
48 years$11,447$6,465$3,478$1,805$914$123
49 years$11,086$6,173$3,269$1,668$830$106
50 years$10,740$5,897$3,074$1,542$754$92

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 $5,366 every year, while hoping to spend $57,230 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: 45/30/25 Blend
57$11,000,000$11,000,000$11,000,000$11,000,000
58$12,127,535$11,544,535$11,374,035$12,585,494
59$13,303,651$12,049,325$11,694,173$13,414,885
60$14,597,813$12,576,932$12,023,117$14,307,821
61$16,022,001$13,128,412$12,361,103$15,275,091
62$17,589,416$13,704,875$12,708,370$16,323,650
63$19,314,601$14,307,479$13,065,166$17,461,141
64$21,213,584$14,937,439$13,431,742$18,695,959
65$23,304,024$15,596,027$13,808,359$20,037,329
66$25,605,378$16,284,576$14,195,283$21,495,387
67$28,139,086$17,004,480$14,592,785$23,081,276
68$30,928,775$17,757,202$15,001,145$24,807,244
69$34,000,476$18,544,271$15,420,650$26,686,756
70$37,382,876$19,367,291$15,851,592$28,734,617
71$41,107,582$20,227,941$16,294,274$30,967,109
72$45,209,425$21,127,980$16,749,001$33,402,138
73$49,726,785$22,069,250$17,216,092$36,059,397
74$54,701,956$23,053,681$17,695,870$38,960,552
75$60,181,539$24,083,296$18,188,665$42,129,433
76$66,216,890$25,160,211$18,694,819$45,592,263
77$72,864,596$26,286,645$19,214,679$49,377,893
78$80,187,016$27,464,922$19,748,602$53,518,069
79$88,252,866$28,697,477$20,296,954$58,047,727
80$97,137,865$29,986,860$20,860,109$63,005,319
81$106,925,456$31,335,745$21,438,451$68,433,162
82$117,707,585$32,746,929$22,032,373$74,377,836
83$129,585,578$34,223,348$22,642,276$80,890,615
84$142,671,088$35,768,073$23,268,574$88,027,943
85$157,087,156$37,384,325$23,911,687$95,851,957
86$172,969,366$39,075,477$24,572,049$104,431,068
87$190,467,130$40,845,065$25,250,101$113,840,596
88$209,745,095$42,696,791$25,946,298$124,163,472
89$230,984,698$44,634,536$26,661,102$135,491,012
90$254,385,876$46,662,368$27,394,988$147,923,768
91$280,168,958$48,784,547$28,148,443$161,572,468
92$308,576,740$51,005,537$28,921,963$176,559,048
93$339,876,778$53,330,019$29,716,059$193,017,794
94$374,363,913$55,762,894$30,531,252$211,096,596
95$412,363,058$58,309,301$31,368,074$230,958,331
96$454,232,256$60,974,624$32,227,071$252,782,391
97$500,366,070$63,764,504$33,108,802$276,766,359
98$551,199,301$66,684,856$34,013,838$303,127,861
99$607,211,091$69,741,875$34,942,763$332,106,606
100$668,929,452$72,942,057$35,896,175$363,966,634