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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$949,659$941,200$932,947$924,892$917,026$911,629
2 years$470,128$461,373$452,887$444,660$436,679$431,234
3 years$310,306$301,512$293,048$284,898$277,047$271,723
4 years$230,410$221,643$213,264$205,253$197,592$192,430
5 years$182,485$173,771$165,501$157,654$150,207$145,221
6 years$150,546$141,897$133,750$126,077$118,853$114,051
7 years$127,741$119,165$111,147$103,655$96,660$92,043
8 years$110,645$102,146$94,261$86,953$80,188$75,758
9 years$97,355$88,937$81,187$74,065$67,530$63,284
10 years$86,729$78,393$70,781$63,845$57,539$53,476
11 years$78,041$69,789$62,314$55,564$49,486$45,602
12 years$70,806$62,639$55,302$48,737$42,883$39,176
13 years$64,689$56,607$49,409$43,028$37,395$33,861
14 years$59,451$51,454$44,394$38,195$32,780$29,415
15 years$54,914$47,005$40,082$34,063$28,862$25,662
16 years$50,949$43,126$36,340$30,500$25,509$22,468
17 years$47,454$39,717$33,068$27,404$22,618$19,732
18 years$44,351$36,701$30,187$24,697$20,111$17,375
19 years$41,578$34,014$27,635$22,315$17,925$15,335
20 years$39,085$31,607$25,362$20,211$16,011$13,561
21 years$36,832$29,441$23,328$18,343$14,328$12,013
22 years$34,787$27,482$21,500$16,678$12,843$10,657
23 years$32,923$25,703$19,852$15,189$11,529$9,467
24 years$31,216$24,082$18,359$13,853$10,362$8,420
25 years$29,649$22,600$17,005$12,651$9,324$7,496
26 years$28,204$21,240$15,771$11,568$8,399$6,680
27 years$26,869$19,990$14,645$10,588$7,572$5,957
28 years$25,631$18,836$13,614$9,701$6,833$5,316
29 years$24,481$17,770$12,669$8,896$6,170$4,747
30 years$23,409$16,782$11,801$8,164$5,575$4,242
31 years$22,408$15,864$11,002$7,498$5,040$3,792
32 years$21,472$15,011$10,265$6,891$4,559$3,391
33 years$20,595$14,215$9,584$6,337$4,126$3,034
34 years$19,771$13,473$8,955$5,831$3,736$2,715
35 years$18,995$12,779$8,372$5,367$3,384$2,431
36 years$18,265$12,129$7,832$4,943$3,066$2,177
37 years$17,575$11,520$7,331$4,555$2,779$1,950
38 years$16,923$10,948$6,865$4,198$2,519$1,747
39 years$16,307$10,410$6,432$3,871$2,284$1,566
40 years$15,722$9,905$6,028$3,570$2,072$1,403
41 years$15,168$9,428$5,653$3,294$1,880$1,258
42 years$14,641$8,979$5,302$3,040$1,706$1,128
43 years$14,140$8,555$4,976$2,806$1,548$1,011
44 years$13,664$8,155$4,670$2,591$1,405$907
45 years$13,209$7,777$4,385$2,393$1,276$813
46 years$12,776$7,419$4,119$2,210$1,158$730
47 years$12,363$7,080$3,870$2,042$1,052$654
48 years$11,967$6,758$3,636$1,887$955$587
49 years$11,590$6,454$3,418$1,744$867$527
50 years$11,228$6,165$3,213$1,612$788$473

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 $4,029 every year, while hoping to spend $53,256 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: 45/29/26 Blend
57$11,500,000$11,500,000$11,500,000$11,500,000
58$12,677,156$12,067,656$11,889,406$13,152,219
59$13,913,562$12,602,307$12,231,037$14,023,985
60$15,274,296$13,161,371$12,582,328$14,963,364
61$16,771,984$13,745,988$12,943,546$15,981,104
62$18,420,538$14,357,353$13,314,965$17,084,539
63$20,235,284$14,996,715$13,696,869$18,281,728
64$22,233,115$15,665,385$14,089,545$19,581,524
65$24,432,639$16,364,736$14,493,292$20,993,652
66$26,854,365$17,096,205$14,908,414$22,528,801
67$29,520,890$17,861,298$15,335,225$24,198,721
68$32,457,112$18,661,593$15,774,047$26,016,325
69$35,690,470$19,498,744$16,225,209$27,995,810
70$39,251,196$20,374,480$16,689,052$30,152,789
71$43,172,605$21,290,617$17,165,923$32,504,427
72$47,491,409$22,249,055$17,656,179$35,069,603
73$52,248,059$23,251,785$18,160,187$37,869,082
74$57,487,132$24,300,894$18,678,325$40,925,706
75$63,257,749$25,398,567$19,210,978$44,264,603
76$69,614,036$26,547,094$19,758,543$47,913,417
77$76,615,641$27,748,874$20,321,427$51,902,567
78$84,328,290$29,006,423$20,900,048$56,265,525
79$92,824,412$30,322,374$21,494,836$61,039,124
80$102,183,819$31,699,487$22,106,230$66,263,902
81$112,494,463$33,140,656$22,734,683$71,984,475
82$123,853,260$34,648,910$23,380,657$78,249,951
83$136,367,012$36,227,427$24,044,629$85,114,388
84$150,153,410$37,879,533$24,727,086$92,637,292
85$165,342,145$39,608,717$25,428,530$100,884,172
86$182,076,132$41,418,633$26,149,475$109,927,151
87$200,512,863$43,313,111$26,890,448$119,845,636
88$220,825,887$45,296,165$27,651,989$130,727,056
89$243,206,451$47,372,002$28,434,655$142,667,680
90$267,865,307$49,545,028$29,239,014$155,773,514
91$295,034,699$51,819,864$30,065,651$170,161,290
92$324,970,553$54,201,352$30,915,165$185,959,556
93$357,954,896$56,694,566$31,788,171$203,309,880
94$394,298,520$59,304,823$32,685,298$222,368,169
95$434,343,908$62,037,699$33,607,195$243,306,131
96$478,468,474$64,899,033$34,554,523$266,312,882
97$527,088,122$67,894,950$35,527,964$291,596,714
98$580,661,175$71,031,867$36,528,215$319,387,049
99$639,692,696$74,316,510$37,555,991$349,936,587
100$704,739,261$77,755,928$38,612,027$383,523,676