Can I retire at age 58 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$916,628$908,463$900,497$892,722$885,130$851,693
2 years$453,776$445,325$437,134$429,193$421,490$388,192
3 years$299,512$291,025$282,855$274,988$267,411$235,298
4 years$222,396$213,934$205,846$198,114$190,720$160,037
5 years$176,138$167,727$159,745$152,170$144,982$115,809
6 years$145,309$136,962$129,098$121,692$114,719$87,076
7 years$123,297$115,020$107,281$100,049$93,298$67,176
8 years$106,796$98,593$90,983$83,929$77,399$52,775
9 years$93,968$85,843$78,363$71,489$65,181$42,020
10 years$83,712$75,667$68,319$61,624$55,538$33,796
11 years$75,327$67,362$60,147$53,631$47,764$27,394
12 years$68,343$60,460$53,379$47,042$41,392$22,341
13 years$62,439$54,638$47,690$41,531$36,094$18,309
14 years$57,383$49,665$42,850$36,867$31,640$15,063
15 years$53,004$45,370$38,688$32,879$27,858$12,432
16 years$49,177$41,626$35,076$29,439$24,621$10,286
17 years$45,804$38,336$31,918$26,451$21,831$8,528
18 years$42,808$35,424$29,137$23,838$19,411$7,083
19 years$40,132$32,831$26,673$21,539$17,302$5,891
20 years$37,725$30,508$24,480$19,508$15,454$4,906
21 years$35,551$28,417$22,517$17,705$13,830$4,089
22 years$33,577$26,526$20,752$16,098$12,396$3,411
23 years$31,778$24,809$19,161$14,660$11,128$2,847
24 years$30,131$23,245$17,721$13,371$10,002$2,378
25 years$28,618$21,814$16,413$12,211$9,000$1,987
26 years$27,223$20,502$15,222$11,165$8,107$1,661
27 years$25,934$19,294$14,135$10,220$7,309$1,389
28 years$24,739$18,181$13,141$9,364$6,595$1,161
29 years$23,629$17,152$12,228$8,587$5,955$972
30 years$22,595$16,198$11,390$7,880$5,381$813
31 years$21,629$15,312$10,619$7,238$4,865$680
32 years$20,726$14,489$9,908$6,652$4,401$569
33 years$19,878$13,721$9,251$6,117$3,983$477
34 years$19,083$13,004$8,643$5,628$3,606$399
35 years$18,335$12,334$8,081$5,181$3,266$334
36 years$17,629$11,707$7,560$4,771$2,959$280
37 years$16,964$11,119$7,076$4,396$2,682$234
38 years$16,335$10,567$6,626$4,052$2,431$196
39 years$15,740$10,048$6,208$3,736$2,205$164
40 years$15,175$9,560$5,819$3,446$2,000$137
41 years$14,640$9,100$5,456$3,179$1,814$115
42 years$14,132$8,667$5,118$2,934$1,646$96
43 years$13,649$8,258$4,802$2,709$1,494$81
44 years$13,188$7,871$4,508$2,501$1,356$68
45 years$12,750$7,506$4,233$2,310$1,231$57
46 years$12,332$7,161$3,976$2,134$1,118$47
47 years$11,933$6,833$3,735$1,971$1,015$40
48 years$11,551$6,523$3,510$1,821$922$33
49 years$11,186$6,229$3,299$1,683$837$28
50 years$10,837$5,951$3,102$1,556$760$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,100,000, adding $6,895 every year, while hoping to spend $55,924 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: 40/46/14 Blend
57$11,100,000$11,100,000$11,100,000$11,100,000
58$12,239,312$11,651,012$11,478,962$12,677,575
59$13,428,219$12,162,409$11,804,005$13,499,977
60$14,736,521$12,696,990$12,138,062$14,383,096
61$16,176,335$13,255,832$12,481,377$15,337,235
62$17,761,017$13,840,063$12,834,198$16,368,863
63$19,505,279$14,450,865$13,196,782$17,485,072
64$21,425,334$15,089,473$13,569,390$18,693,644
65$23,539,045$15,757,185$13,952,292$20,003,116
66$25,866,098$16,455,357$14,345,764$21,422,862
67$28,428,181$17,185,411$14,750,088$22,963,168
68$31,249,194$17,948,835$15,165,555$24,635,331
69$34,355,473$18,747,189$15,592,462$26,451,754
70$37,776,037$19,582,106$16,031,115$28,426,062
71$41,542,861$20,455,298$16,481,826$30,573,221
72$45,691,182$21,368,557$16,944,917$32,909,675
73$50,259,827$22,323,761$17,420,716$35,453,492
74$55,291,581$23,322,876$17,909,561$38,224,529
75$60,833,588$24,367,963$18,411,797$41,244,614
76$66,937,802$25,461,181$18,927,780$44,537,740
77$73,661,470$26,604,791$19,457,873$48,130,286
78$81,067,676$27,801,162$20,002,448$52,051,256
79$89,225,937$29,052,777$20,561,888$56,332,546
80$98,212,854$30,362,235$21,136,584$61,009,236
81$108,112,843$31,732,262$21,726,937$66,119,906
82$119,018,922$33,165,712$22,333,358$71,706,998
83$131,033,596$34,665,576$22,956,270$77,817,200
84$144,269,822$36,234,988$23,596,103$84,501,878
85$158,852,072$37,877,231$24,253,301$91,817,549
86$174,917,514$39,595,746$24,928,318$99,826,402
87$192,617,301$41,394,138$25,621,617$108,596,872
88$212,117,999$43,276,185$26,333,674$118,204,274
89$233,603,161$45,245,844$27,064,979$128,731,499
90$257,275,058$47,307,264$27,816,029$140,269,781
91$283,356,585$49,464,791$28,587,338$152,919,546
92$312,093,372$51,722,981$29,379,428$166,791,340
93$343,756,094$54,086,606$30,192,838$182,006,859
94$378,643,035$56,560,668$31,028,117$198,700,078
95$417,082,893$59,150,410$31,885,828$217,018,502
96$459,437,893$61,861,325$32,766,548$237,124,531
97$506,107,197$64,699,169$33,670,867$259,196,982
98$557,530,680$67,669,977$34,599,389$283,432,749
99$614,193,076$70,780,072$35,552,735$310,048,645
100$676,628,555$74,036,081$36,531,537$339,283,423