Can I retire at age 58 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$941,401$933,016$924,835$916,849$909,052$903,323
2 years$466,040$457,361$448,949$440,793$432,882$427,103
3 years$307,607$298,890$290,500$282,420$274,638$268,988
4 years$228,406$219,716$211,409$203,468$195,874$190,397
5 years$180,898$172,260$164,062$156,283$148,900$143,612
6 years$149,236$140,663$132,587$124,981$117,820$112,727
7 years$126,630$118,129$110,180$102,754$95,819$90,924
8 years$109,682$101,258$93,442$86,197$79,491$74,794
9 years$96,508$88,163$80,481$73,421$66,943$62,443
10 years$85,975$77,712$70,165$63,290$57,039$52,733
11 years$77,362$69,182$61,772$55,081$49,055$44,942
12 years$70,191$62,094$54,821$48,313$42,510$38,585
13 years$64,127$56,115$48,979$42,653$37,070$33,328
14 years$58,934$51,007$44,008$37,863$32,495$28,934
15 years$54,437$46,596$39,733$33,767$28,611$25,225
16 years$50,506$42,751$36,024$30,235$25,287$22,070
17 years$47,042$39,372$32,781$27,166$22,421$19,370
18 years$43,965$36,381$29,924$24,482$19,936$17,044
19 years$41,216$33,718$27,394$22,121$17,769$15,032
20 years$38,745$31,332$25,141$20,035$15,872$13,283
21 years$36,512$29,185$23,125$18,183$14,203$11,758
22 years$34,485$27,243$21,313$16,533$12,731$10,424
23 years$32,637$25,480$19,679$15,057$11,428$9,253
24 years$30,945$23,873$18,200$13,733$10,272$8,223
25 years$29,391$22,404$16,857$12,541$9,243$7,315
26 years$27,959$21,056$15,634$11,467$8,326$6,513
27 years$26,635$19,816$14,517$10,496$7,507$5,804
28 years$25,408$18,672$13,496$9,617$6,773$5,176
29 years$24,268$17,615$12,559$8,819$6,116$4,618
30 years$23,205$16,636$11,698$8,093$5,526$4,123
31 years$22,214$15,726$10,906$7,433$4,996$3,683
32 years$21,286$14,880$10,175$6,831$4,520$3,291
33 years$20,416$14,092$9,501$6,282$4,090$2,942
34 years$19,599$13,356$8,877$5,780$3,703$2,631
35 years$18,830$12,668$8,299$5,321$3,354$2,353
36 years$18,106$12,024$7,764$4,900$3,039$2,106
37 years$17,422$11,420$7,267$4,515$2,754$1,884
38 years$16,776$10,853$6,805$4,162$2,497$1,687
39 years$16,165$10,320$6,376$3,837$2,264$1,510
40 years$15,586$9,819$5,976$3,539$2,054$1,353
41 years$15,036$9,346$5,603$3,265$1,863$1,211
42 years$14,514$8,901$5,256$3,014$1,691$1,085
43 years$14,017$8,481$4,932$2,782$1,535$972
44 years$13,545$8,084$4,630$2,569$1,393$871
45 years$13,095$7,709$4,347$2,372$1,264$781
46 years$12,665$7,354$4,083$2,191$1,148$700
47 years$12,255$7,018$3,836$2,024$1,043$627
48 years$11,863$6,700$3,605$1,871$947$562
49 years$11,489$6,398$3,388$1,729$860$504
50 years$11,130$6,111$3,185$1,598$781$452

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,400,000, adding $3,143 every year, while hoping to spend $38,472 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: 27/44/29 Blend
57$11,400,000$11,400,000$11,400,000$11,400,000
58$12,566,042$11,961,842$11,785,142$12,792,001
59$13,806,844$12,507,038$12,139,010$13,521,488
60$15,172,919$13,077,660$12,503,444$14,300,628
61$16,677,004$13,674,912$12,878,756$15,136,386
62$18,333,133$14,300,057$13,265,269$16,033,617
63$20,156,772$14,954,420$13,663,315$16,997,634
64$22,164,962$15,639,386$14,073,236$18,034,249
65$24,376,483$16,356,410$14,495,383$19,149,827
66$26,812,025$17,107,015$14,930,120$20,351,336
67$29,494,390$17,892,798$15,377,818$21,646,409
68$32,448,704$18,715,431$15,838,861$23,043,409
69$35,702,654$19,576,669$16,313,645$24,551,502
70$39,286,748$20,478,350$16,802,575$26,180,736
71$43,234,607$21,422,399$17,306,072$27,942,129
72$47,583,276$22,410,835$17,824,564$29,847,765
73$52,373,579$23,445,776$18,358,496$31,910,900
74$57,650,503$24,529,438$18,908,325$34,146,080
75$63,463,620$25,664,146$19,474,519$36,569,269
76$69,867,557$26,852,337$20,057,564$39,197,989
77$76,922,511$28,096,564$20,657,955$42,051,481
78$84,694,817$29,399,506$21,276,207$45,150,870
79$93,257,574$30,763,967$21,912,845$48,519,360
80$102,691,334$32,192,889$22,568,413$52,182,439
81$113,084,865$33,689,356$23,243,469$56,168,109
82$124,535,985$35,256,598$23,938,589$60,507,140
83$137,152,488$36,898,003$24,654,364$65,233,344
84$151,053,160$38,617,123$25,391,403$70,383,889
85$166,368,900$40,417,680$26,150,334$75,999,627
86$183,243,958$42,303,577$26,931,800$82,125,473
87$201,837,293$44,278,903$27,736,467$88,810,811
88$222,324,075$46,347,948$28,565,017$96,109,946
89$244,897,340$48,515,207$29,418,154$104,082,600
90$269,769,808$50,785,391$30,296,601$112,794,456
91$297,175,895$53,163,442$31,201,104$122,317,768
92$327,373,925$55,654,539$32,132,430$132,732,018
93$360,648,566$58,264,112$33,091,366$144,124,647
94$397,313,518$60,997,853$34,078,726$156,591,867
95$437,714,478$63,861,728$35,095,345$170,239,539
96$482,232,398$66,861,996$36,142,082$185,184,159
97$531,287,084$70,005,215$37,219,822$201,553,928
98$585,341,157$73,298,261$38,329,477$219,489,942
99$644,904,424$76,748,345$39,471,983$239,147,498
100$710,538,685$80,363,024$40,648,305$260,697,531