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%15.4%
1 years$924,886$916,647$908,609$900,764$893,104$873,287
2 years$457,864$449,337$441,073$433,060$425,287$405,426
3 years$302,211$293,647$285,403$277,466$269,820$250,533
4 years$224,399$215,861$207,700$199,898$192,438$173,874
5 years$177,725$169,238$161,184$153,541$146,288$128,501
6 years$146,618$138,195$130,261$122,788$115,753$98,760
7 years$124,408$116,056$108,247$100,951$94,138$77,942
8 years$107,758$99,482$91,802$84,685$78,097$62,692
9 years$94,815$86,617$79,069$72,133$65,769$51,144
10 years$84,467$76,348$68,934$62,179$56,038$42,179
11 years$76,005$67,969$60,689$54,115$48,195$35,082
12 years$68,959$61,005$53,860$47,466$41,764$29,377
13 years$63,002$55,131$48,120$41,905$36,419$24,736
14 years$57,900$50,112$43,236$37,199$31,925$20,921
15 years$53,482$45,778$39,036$33,175$28,109$17,761
16 years$49,620$42,001$35,392$29,704$24,843$15,124
17 years$46,216$38,681$32,205$26,689$22,028$12,912
18 years$43,194$35,743$29,399$24,052$19,586$11,047
19 years$40,493$33,126$26,914$21,733$17,457$9,469
20 years$38,065$30,783$24,700$19,684$15,593$8,129
21 years$35,871$28,673$22,719$17,864$13,954$6,988
22 years$33,880$26,765$20,939$16,243$12,508$6,014
23 years$32,064$25,033$19,334$14,793$11,228$5,180
24 years$30,402$23,454$17,881$13,492$10,092$4,466
25 years$28,875$22,010$16,561$12,321$9,081$3,853
26 years$27,468$20,686$15,359$11,266$8,180$3,326
27 years$26,168$19,468$14,263$10,312$7,375$2,873
28 years$24,962$18,345$13,259$9,448$6,655$2,482
29 years$23,842$17,306$12,339$8,664$6,009$2,146
30 years$22,798$16,344$11,493$7,951$5,429$1,855
31 years$21,824$15,450$10,715$7,303$4,909$1,605
32 years$20,912$14,619$9,997$6,711$4,440$1,389
33 years$20,058$13,845$9,334$6,172$4,018$1,202
34 years$19,255$13,122$8,721$5,679$3,638$1,040
35 years$18,500$12,446$8,154$5,227$3,295$900
36 years$17,788$11,813$7,628$4,814$2,986$779
37 years$17,117$11,219$7,139$4,436$2,706$675
38 years$16,482$10,662$6,686$4,089$2,453$584
39 years$15,881$10,139$6,264$3,770$2,225$506
40 years$15,312$9,646$5,871$3,477$2,018$438
41 years$14,772$9,182$5,505$3,208$1,831$380
42 years$14,259$8,745$5,164$2,961$1,661$329
43 years$13,771$8,332$4,846$2,733$1,508$285
44 years$13,307$7,942$4,549$2,524$1,368$247
45 years$12,865$7,574$4,271$2,331$1,242$214
46 years$12,443$7,225$4,011$2,153$1,128$185
47 years$12,040$6,895$3,769$1,989$1,024$161
48 years$11,655$6,582$3,541$1,838$930$139
49 years$11,287$6,286$3,329$1,698$845$120
50 years$10,935$6,004$3,130$1,570$767$104

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 $3,535 every year, while hoping to spend $59,622 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: 44/28/28 Blend
57$11,200,000$11,200,000$11,200,000$11,200,000
58$12,346,046$11,752,446$11,578,846$12,788,718
59$13,541,906$12,264,879$11,903,300$13,617,529
60$14,857,744$12,800,422$12,236,625$14,509,446
61$16,305,738$13,360,146$12,579,055$15,475,184
62$17,899,300$13,945,170$12,930,831$16,521,645
63$19,653,212$14,556,668$13,292,197$17,656,412
64$21,583,762$15,195,866$13,663,408$18,887,817
65$23,708,894$15,864,052$14,044,720$20,225,013
66$26,048,382$16,562,571$14,436,399$21,678,061
67$28,624,015$17,292,836$14,838,717$23,258,019
68$31,459,802$18,056,322$15,251,952$24,977,043
69$34,582,198$18,854,578$15,676,388$26,848,496
70$38,020,353$19,689,223$16,112,318$28,887,076
71$41,806,389$20,561,955$16,560,041$31,108,941
72$45,975,702$21,474,552$17,019,863$33,531,865
73$50,567,294$22,428,875$17,492,099$36,175,399
74$55,624,143$23,426,876$17,977,070$39,061,048
75$61,193,609$24,470,596$18,475,105$42,212,470
76$67,327,879$25,562,177$18,986,542$45,655,697
77$74,084,458$26,703,859$19,511,727$49,419,370
78$81,526,717$27,897,992$20,051,014$53,535,009
79$89,724,483$29,147,035$20,604,764$58,037,300
80$98,754,706$30,453,565$21,173,350$62,964,418
81$108,702,179$31,820,283$21,757,150$68,358,382
82$119,660,341$33,250,016$22,356,554$74,265,441
83$131,732,157$34,745,729$22,971,960$80,736,507
84$145,031,092$36,310,524$23,603,775$87,827,628
85$159,682,180$37,947,656$24,252,418$95,600,504
86$175,823,203$39,660,532$24,918,314$104,123,071
87$193,605,993$41,452,721$25,601,902$113,470,122
88$213,197,866$43,327,966$26,303,627$123,724,016
89$234,783,198$45,290,186$27,023,948$134,975,435
90$258,565,167$47,343,488$27,763,333$147,324,240
91$284,767,671$49,492,176$28,522,261$160,880,396
92$313,637,438$51,740,758$29,301,223$175,765,005
93$345,446,362$54,093,960$30,100,718$192,111,434
94$380,494,059$56,556,732$30,921,261$210,066,566
95$419,110,705$59,134,264$31,763,375$229,792,171
96$461,660,146$61,831,992$32,627,597$251,466,424
97$508,543,335$64,655,613$33,514,475$275,285,571
98$560,202,115$67,611,098$34,424,570$301,465,771
99$617,123,392$70,704,704$35,358,455$330,245,116
100$679,843,731$73,942,987$36,316,716$361,885,874