Can I retire at age 58 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$933,143$924,831$916,722$908,807$901,078$891,668
2 years$461,952$453,349$445,011$436,926$429,085$419,608
3 years$304,909$296,268$287,951$279,943$272,229$262,980
4 years$226,403$217,789$209,555$201,683$194,156$185,206
5 years$179,311$170,749$162,623$154,912$147,594$138,970
6 years$147,927$139,429$131,424$123,884$116,786$108,498
7 years$125,519$117,093$109,214$101,852$94,979$87,030
8 years$108,720$100,370$92,622$85,441$78,794$71,184
9 years$95,662$87,390$79,775$72,777$66,356$59,082
10 years$85,221$77,030$69,550$62,734$56,538$49,596
11 years$76,684$68,575$61,231$54,598$48,625$42,008
12 years$69,575$61,550$54,341$47,890$42,137$35,840
13 years$63,564$55,623$48,550$42,279$36,745$30,759
14 years$58,417$50,560$43,622$37,531$32,210$26,528
15 years$53,959$46,187$39,385$33,471$28,360$22,973
16 years$50,063$42,376$35,708$29,970$25,065$19,963
17 years$46,629$39,027$32,493$26,927$22,224$17,399
18 years$43,580$36,062$29,662$24,267$19,761$15,202
19 years$40,855$33,422$27,154$21,927$17,613$13,311
20 years$38,405$31,057$24,921$19,859$15,732$11,677
21 years$36,192$28,929$22,922$18,024$14,079$10,260
22 years$34,182$27,004$21,126$16,388$12,620$9,028
23 years$32,350$25,256$19,506$14,925$11,328$7,953
24 years$30,673$23,664$18,040$13,612$10,182$7,014
25 years$29,133$22,207$16,709$12,431$9,162$6,191
26 years$27,714$20,871$15,497$11,367$8,253$5,470
27 years$26,402$19,642$14,390$10,404$7,441$4,835
28 years$25,185$18,509$13,377$9,532$6,714$4,278
29 years$24,055$17,461$12,449$8,741$6,063$3,786
30 years$23,002$16,490$11,596$8,022$5,478$3,353
31 years$22,019$15,588$10,810$7,368$4,953$2,970
32 years$21,099$14,750$10,086$6,771$4,480$2,633
33 years$20,237$13,968$9,417$6,227$4,054$2,334
34 years$19,427$13,239$8,799$5,729$3,671$2,070
35 years$18,665$12,557$8,227$5,274$3,325$1,836
36 years$17,947$11,918$7,696$4,857$3,012$1,629
37 years$17,269$11,320$7,203$4,475$2,730$1,446
38 years$16,629$10,758$6,745$4,125$2,475$1,283
39 years$16,023$10,229$6,320$3,803$2,245$1,139
40 years$15,449$9,732$5,923$3,508$2,036$1,011
41 years$14,904$9,264$5,554$3,237$1,847$898
42 years$14,387$8,823$5,210$2,987$1,676$798
43 years$13,894$8,407$4,889$2,757$1,521$708
44 years$13,426$8,013$4,589$2,546$1,381$629
45 years$12,980$7,641$4,309$2,351$1,253$559
46 years$12,554$7,290$4,047$2,172$1,138$497
47 years$12,148$6,956$3,802$2,007$1,033$441
48 years$11,759$6,641$3,573$1,854$938$392
49 years$11,388$6,342$3,358$1,714$852$348
50 years$11,033$6,058$3,157$1,584$774$310

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,300,000, adding $6,628 every year, while hoping to spend $22,855 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: 32/49/19 Blend
57$11,300,000$11,300,000$11,300,000$11,300,000
58$12,459,437$11,860,537$11,685,387$12,784,300
59$13,705,982$12,417,386$12,052,530$13,584,165
60$15,078,908$13,000,754$12,431,206$14,442,578
61$16,591,083$13,611,917$12,821,778$15,366,720
62$18,256,685$14,252,212$13,224,618$16,362,351
63$20,091,338$14,923,041$13,640,114$17,435,778
64$22,112,258$15,625,874$14,068,661$18,593,904
65$24,338,417$16,362,251$14,510,670$19,844,293
66$26,790,722$17,133,787$14,966,564$21,195,231
67$29,492,210$17,942,177$15,436,778$22,655,798
68$32,468,268$18,789,197$15,921,763$24,235,948
69$35,746,871$19,676,708$16,421,982$25,946,593
70$39,358,848$20,606,662$16,937,915$27,799,703
71$43,338,169$21,581,107$17,470,053$29,808,407
72$47,722,269$22,602,188$18,018,906$31,987,107
73$52,552,401$23,672,155$18,585,000$34,351,612
74$57,874,023$24,793,369$19,168,876$36,919,272
75$63,737,232$25,968,302$19,771,091$39,709,132
76$70,197,230$27,199,549$20,392,223$42,742,106
77$77,314,849$28,489,829$21,032,865$46,041,162
78$85,157,128$29,841,994$21,693,629$49,631,525
79$93,797,937$31,259,035$22,375,149$53,540,907
80$103,318,685$32,744,086$23,078,074$57,799,754
81$113,809,080$34,300,435$23,803,079$62,441,524
82$125,367,980$35,931,530$24,550,856$67,502,987
83$138,104,325$37,640,986$25,322,120$73,024,556
84$152,138,164$39,432,592$26,117,609$79,050,660
85$167,601,791$41,310,324$26,938,084$85,630,144
86$184,640,993$43,278,349$27,784,329$92,816,714
87$203,416,424$45,341,037$28,657,153$100,669,428
88$224,105,123$47,502,972$29,557,391$109,253,237
89$246,902,186$49,768,959$30,485,905$118,639,580
90$272,022,608$52,144,036$31,443,582$128,907,035
91$299,703,309$54,633,489$32,431,337$140,142,048
92$330,205,376$57,242,859$33,450,115$152,439,722
93$363,816,521$59,977,956$34,500,891$165,904,693
94$400,853,805$62,844,874$35,584,669$180,652,100
95$441,666,623$65,850,004$36,702,486$196,808,642
96$486,640,009$69,000,044$37,855,410$214,513,751
97$536,198,268$72,302,024$39,044,544$233,920,882
98$590,808,979$75,763,312$40,271,024$255,198,934
99$650,987,416$79,391,635$41,536,024$278,533,816
100$717,301,405$83,195,097$42,840,753$304,130,169