Can I retire at age 58 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$924,886$916,647$908,609$900,764$893,104$871,867
2 years$457,864$449,337$441,073$433,060$425,287$404,016
3 years$302,211$293,647$285,403$277,466$269,820$249,179
4 years$224,399$215,861$207,700$199,898$192,438$172,585
5 years$177,725$169,238$161,184$153,541$146,288$127,280
6 years$146,618$138,195$130,261$122,788$115,753$97,609
7 years$124,408$116,056$108,247$100,951$94,138$76,860
8 years$107,758$99,482$91,802$84,685$78,097$61,678
9 years$94,815$86,617$79,069$72,133$65,769$50,196
10 years$84,467$76,348$68,934$62,179$56,038$41,294
11 years$76,005$67,969$60,689$54,115$48,195$34,259
12 years$68,959$61,005$53,860$47,466$41,764$28,613
13 years$63,002$55,131$48,120$41,905$36,419$24,028
14 years$57,900$50,112$43,236$37,199$31,925$20,267
15 years$53,482$45,778$39,036$33,175$28,109$17,158
16 years$49,620$42,001$35,392$29,704$24,843$14,569
17 years$46,216$38,681$32,205$26,689$22,028$12,402
18 years$43,194$35,743$29,399$24,052$19,586$10,580
19 years$40,493$33,126$26,914$21,733$17,457$9,042
20 years$38,065$30,783$24,700$19,684$15,593$7,739
21 years$35,871$28,673$22,719$17,864$13,954$6,632
22 years$33,880$26,765$20,939$16,243$12,508$5,690
23 years$32,064$25,033$19,334$14,793$11,228$4,886
24 years$30,402$23,454$17,881$13,492$10,092$4,199
25 years$28,875$22,010$16,561$12,321$9,081$3,611
26 years$27,468$20,686$15,359$11,266$8,180$3,107
27 years$26,168$19,468$14,263$10,312$7,375$2,675
28 years$24,962$18,345$13,259$9,448$6,655$2,304
29 years$23,842$17,306$12,339$8,664$6,009$1,985
30 years$22,798$16,344$11,493$7,951$5,429$1,711
31 years$21,824$15,450$10,715$7,303$4,909$1,475
32 years$20,912$14,619$9,997$6,711$4,440$1,272
33 years$20,058$13,845$9,334$6,172$4,018$1,097
34 years$19,255$13,122$8,721$5,679$3,638$946
35 years$18,500$12,446$8,154$5,227$3,295$816
36 years$17,788$11,813$7,628$4,814$2,986$704
37 years$17,117$11,219$7,139$4,436$2,706$608
38 years$16,482$10,662$6,686$4,089$2,453$525
39 years$15,881$10,139$6,264$3,770$2,225$453
40 years$15,312$9,646$5,871$3,477$2,018$391
41 years$14,772$9,182$5,505$3,208$1,831$337
42 years$14,259$8,745$5,164$2,961$1,661$291
43 years$13,771$8,332$4,846$2,733$1,508$251
44 years$13,307$7,942$4,549$2,524$1,368$217
45 years$12,865$7,574$4,271$2,331$1,242$187
46 years$12,443$7,225$4,011$2,153$1,128$162
47 years$12,040$6,895$3,769$1,989$1,024$140
48 years$11,655$6,582$3,541$1,838$930$121
49 years$11,287$6,286$3,329$1,698$845$104
50 years$10,935$6,004$3,130$1,570$767$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,200,000, adding $2,854 every year, while hoping to spend $54,553 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: 59/27/14 Blend
57$11,200,000$11,200,000$11,200,000$11,200,000
58$12,345,344$11,751,744$11,578,144$13,030,154
59$13,546,525$12,269,535$11,907,968$14,010,277
60$14,868,398$12,810,870$12,247,012$15,072,254
61$16,323,216$13,376,845$12,595,529$16,229,023
62$17,924,481$13,968,606$12,953,775$17,489,724
63$19,687,068$14,587,358$13,322,016$18,864,409
64$21,627,368$15,234,358$13,700,524$20,364,132
65$23,763,444$15,910,926$14,089,576$22,001,049
66$26,115,198$16,618,444$14,489,459$23,788,533
67$28,704,559$17,358,358$14,900,467$25,741,296
68$31,555,691$18,132,185$15,322,900$27,875,521
69$34,695,222$18,941,512$15,757,067$30,209,016
70$38,152,492$19,788,003$16,203,286$32,761,373
71$41,959,831$20,673,401$16,661,881$35,554,155
72$46,152,866$21,599,530$17,133,187$38,611,091
73$50,770,855$22,568,303$17,617,545$41,958,296
74$55,857,056$23,581,724$18,115,306$45,624,514
75$61,459,138$24,641,891$18,626,831$49,641,387
76$67,629,629$25,751,002$19,152,489$54,043,743
77$74,426,413$26,911,363$19,692,659$58,869,923
78$81,913,273$28,125,386$20,247,729$64,162,140
79$90,160,497$29,395,600$20,818,098$69,966,867
80$99,245,538$30,724,654$21,404,175$76,335,272
81$109,253,746$32,115,326$22,006,378$83,323,696
82$120,279,174$33,570,523$22,625,138$90,994,175
83$132,425,464$35,093,293$23,260,895$99,415,023
84$145,806,828$36,686,831$23,914,100$108,661,469
85$160,549,120$38,354,481$24,585,219$118,816,355
86$176,791,031$40,099,752$25,274,724$129,970,918
87$194,685,393$41,926,316$25,983,104$142,225,638
88$214,400,622$43,838,025$26,710,858$155,691,178
89$236,122,311$45,838,913$27,458,496$170,489,424
90$260,054,976$47,933,209$28,226,545$186,754,622
91$286,423,990$50,125,343$29,015,541$204,634,639
92$315,477,711$52,419,959$29,826,036$224,292,348
93$347,489,824$54,821,923$30,658,594$245,907,152
94$382,761,924$57,336,335$31,513,795$269,676,671
95$421,626,364$59,968,540$32,392,231$295,818,596
96$464,449,394$62,724,138$33,294,511$324,572,729
97$511,634,612$65,609,001$34,221,257$356,203,234
98$563,626,780$68,629,281$35,173,108$391,001,123
99$620,916,022$71,791,425$36,150,717$429,286,985
100$684,042,444$75,102,193$37,154,754$471,413,999