Can I retire at age 58 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$949,659$941,200$932,947$924,892$917,026$892,685
2 years$470,128$461,373$452,887$444,660$436,679$412,326
3 years$310,306$301,512$293,048$284,898$277,047$253,443
4 years$230,410$221,643$213,264$205,253$197,592$174,920
5 years$182,485$173,771$165,501$157,654$150,207$128,528
6 years$150,546$141,897$133,750$126,077$118,853$98,189
7 years$127,741$119,165$111,147$103,655$96,660$77,012
8 years$110,645$102,146$94,261$86,953$80,188$61,547
9 years$97,355$88,937$81,187$74,065$67,530$49,878
10 years$86,729$78,393$70,781$63,845$57,539$40,854
11 years$78,041$69,789$62,314$55,564$49,486$33,743
12 years$70,806$62,639$55,302$48,737$42,883$28,053
13 years$64,689$56,607$49,409$43,028$37,395$23,448
14 years$59,451$51,454$44,394$38,195$32,780$19,683
15 years$54,914$47,005$40,082$34,063$28,862$16,581
16 years$50,949$43,126$36,340$30,500$25,509$14,010
17 years$47,454$39,717$33,068$27,404$22,618$11,866
18 years$44,351$36,701$30,187$24,697$20,111$10,070
19 years$41,578$34,014$27,635$22,315$17,925$8,561
20 years$39,085$31,607$25,362$20,211$16,011$7,289
21 years$36,832$29,441$23,328$18,343$14,328$6,213
22 years$34,787$27,482$21,500$16,678$12,843$5,301
23 years$32,923$25,703$19,852$15,189$11,529$4,527
24 years$31,216$24,082$18,359$13,853$10,362$3,869
25 years$29,649$22,600$17,005$12,651$9,324$3,309
26 years$28,204$21,240$15,771$11,568$8,399$2,831
27 years$26,869$19,990$14,645$10,588$7,572$2,424
28 years$25,631$18,836$13,614$9,701$6,833$2,076
29 years$24,481$17,770$12,669$8,896$6,170$1,778
30 years$23,409$16,782$11,801$8,164$5,575$1,524
31 years$22,408$15,864$11,002$7,498$5,040$1,306
32 years$21,472$15,011$10,265$6,891$4,559$1,120
33 years$20,595$14,215$9,584$6,337$4,126$960
34 years$19,771$13,473$8,955$5,831$3,736$823
35 years$18,995$12,779$8,372$5,367$3,384$706
36 years$18,265$12,129$7,832$4,943$3,066$606
37 years$17,575$11,520$7,331$4,555$2,779$520
38 years$16,923$10,948$6,865$4,198$2,519$446
39 years$16,307$10,410$6,432$3,871$2,284$382
40 years$15,722$9,905$6,028$3,570$2,072$328
41 years$15,168$9,428$5,653$3,294$1,880$282
42 years$14,641$8,979$5,302$3,040$1,706$242
43 years$14,140$8,555$4,976$2,806$1,548$207
44 years$13,664$8,155$4,670$2,591$1,405$178
45 years$13,209$7,777$4,385$2,393$1,276$153
46 years$12,776$7,419$4,119$2,210$1,158$131
47 years$12,363$7,080$3,870$2,042$1,052$113
48 years$11,967$6,758$3,636$1,887$955$97
49 years$11,590$6,454$3,418$1,744$867$83
50 years$11,228$6,165$3,213$1,612$788$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,500,000, adding $3,114 every year, while hoping to spend $34,896 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: 39/38/23 Blend
57$11,500,000$11,500,000$11,500,000$11,500,000
58$12,676,212$12,066,712$11,888,462$13,083,750
59$13,932,057$12,620,852$12,249,596$13,932,888
60$15,314,828$13,200,975$12,621,659$14,846,943
61$16,837,435$13,808,318$13,004,980$15,834,625
62$18,514,104$14,444,176$13,399,897$16,902,645
63$20,360,510$15,109,907$13,806,761$18,058,366
64$22,393,925$15,806,936$14,225,930$19,309,862
65$24,633,382$16,536,753$14,657,776$20,665,998
66$27,099,855$17,300,922$15,102,680$22,136,501
67$29,816,456$18,101,082$15,561,035$23,732,051
68$32,808,651$18,938,952$16,033,246$25,464,374
69$36,104,503$19,816,331$16,519,730$27,346,348
70$39,734,938$20,735,106$17,020,916$29,392,119
71$43,734,032$21,697,257$17,537,247$31,617,225
72$48,139,336$22,704,856$18,069,178$34,038,741
73$52,992,232$23,760,076$18,617,179$36,675,428
74$58,338,317$24,865,198$19,181,732$39,547,909
75$64,227,840$26,022,608$19,763,335$42,678,848
76$70,716,174$27,234,810$20,362,501$46,093,164
77$77,864,336$28,504,428$20,979,757$49,818,252
78$85,739,567$29,834,213$21,615,647$53,884,237
79$94,415,964$31,227,050$22,270,732$58,324,248
80$103,975,178$32,685,961$22,945,587$63,174,718
81$114,507,188$34,214,116$23,640,807$68,475,724
82$126,111,150$35,814,836$24,357,002$74,271,350
83$138,896,328$37,491,604$25,094,803$80,610,094
84$152,983,133$39,248,072$25,854,859$87,545,316
85$168,504,253$41,088,068$26,637,836$95,135,728
86$185,605,908$43,015,604$27,444,425$103,445,934
87$204,449,229$45,034,887$28,275,331$112,547,033
88$225,211,781$47,150,328$29,131,286$122,517,269
89$248,089,239$49,366,550$30,013,041$133,442,761
90$273,297,232$51,688,402$30,921,368$145,418,299
91$301,073,382$54,120,965$31,857,066$158,548,223
92$331,679,544$56,669,569$32,820,954$172,947,393
93$365,404,279$59,339,800$33,813,878$188,742,255
94$402,565,580$62,137,515$34,836,708$206,072,018
95$443,513,871$65,068,855$35,890,339$225,089,948
96$488,635,315$68,140,259$36,975,695$245,964,796
97$538,355,463$71,358,476$38,093,726$268,882,372
98$593,143,264$74,730,586$39,245,410$294,047,276
99$653,515,501$78,264,009$40,431,756$321,684,808
100$720,041,663$81,966,526$41,653,800$352,043,072