Can I retire at age 58 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$957,917$949,385$941,060$932,934$925,000$921,103
2 years$474,216$465,385$456,825$448,526$440,476$436,542
3 years$313,004$304,134$295,596$287,375$279,456$275,606
4 years$232,413$223,571$215,118$207,038$199,311$195,574
5 years$184,072$175,282$166,941$159,025$151,513$147,902
6 years$151,855$143,131$134,913$127,173$119,887$116,406
7 years$128,851$120,201$112,113$104,556$97,500$94,151
8 years$111,607$103,035$95,081$87,710$80,886$77,668
9 years$98,201$89,710$81,893$74,709$68,118$65,031
10 years$87,483$79,075$71,396$64,400$58,040$55,083
11 years$78,720$70,396$62,856$56,047$49,916$47,088
12 years$71,422$63,184$55,783$49,161$43,256$40,554
13 years$65,252$57,100$49,839$43,402$37,720$35,141
14 years$59,968$51,902$44,780$38,527$33,065$30,607
15 years$55,392$47,413$40,431$34,360$29,113$26,772
16 years$51,392$43,501$36,656$30,765$25,730$23,504
17 years$47,867$40,063$33,356$27,642$22,814$20,699
18 years$44,737$37,020$30,449$24,911$20,285$18,277
19 years$41,939$34,309$27,875$22,509$18,081$16,177
20 years$39,425$31,882$25,582$20,387$16,150$14,347
21 years$37,153$29,697$23,531$18,502$14,453$12,746
22 years$35,090$27,721$21,687$16,823$12,955$11,342
23 years$33,209$25,927$20,024$15,321$11,629$10,106
24 years$31,488$24,292$18,519$13,973$10,452$9,015
25 years$29,907$22,797$17,152$12,761$9,405$8,051
26 years$28,449$21,425$15,908$11,668$8,472$7,196
27 years$27,102$20,164$14,772$10,680$7,638$6,438
28 years$25,854$19,000$13,732$9,785$6,892$5,763
29 years$24,694$17,924$12,779$8,973$6,223$5,163
30 years$23,613$16,928$11,903$8,235$5,623$4,628
31 years$22,603$16,002$11,097$7,564$5,084$4,151
32 years$21,659$15,141$10,354$6,951$4,599$3,724
33 years$20,774$14,339$9,667$6,392$4,162$3,343
34 years$19,943$13,590$9,033$5,881$3,768$3,002
35 years$19,160$12,890$8,445$5,414$3,413$2,697
36 years$18,423$12,235$7,900$4,986$3,092$2,423
37 years$17,728$11,620$7,394$4,594$2,803$2,178
38 years$17,071$11,043$6,924$4,235$2,541$1,958
39 years$16,449$10,501$6,487$3,904$2,304$1,760
40 years$15,859$9,991$6,081$3,601$2,090$1,583
41 years$15,300$9,510$5,702$3,323$1,896$1,424
42 years$14,768$9,057$5,348$3,066$1,720$1,281
43 years$14,263$8,630$5,019$2,831$1,561$1,153
44 years$13,782$8,226$4,711$2,614$1,417$1,037
45 years$13,324$7,844$4,423$2,414$1,287$934
46 years$12,887$7,483$4,155$2,230$1,168$840
47 years$12,470$7,141$3,903$2,060$1,061$756
48 years$12,072$6,817$3,668$1,903$963$681
49 years$11,690$6,510$3,448$1,759$875$613
50 years$11,326$6,219$3,241$1,626$795$552

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,600,000, adding $6,101 every year, while hoping to spend $52,374 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: 30/43/27 Blend
57$11,600,000$11,600,000$11,600,000$11,600,000
58$12,789,493$12,174,693$11,994,893$13,066,578
59$14,038,296$12,715,528$12,340,997$13,823,730
60$15,412,721$13,281,108$12,696,939$14,632,662
61$16,925,527$13,872,590$13,062,995$15,501,852
62$18,590,772$14,491,188$13,439,446$16,436,573
63$20,423,945$15,138,171$13,826,582$17,442,600
64$22,442,114$15,814,868$14,224,699$18,526,258
65$24,664,087$16,522,674$14,634,104$19,694,479
66$27,110,587$17,263,048$15,055,109$20,954,860
67$29,804,449$18,037,519$15,488,038$22,315,730
68$32,770,835$18,847,690$15,933,219$23,786,223
69$36,037,472$19,695,238$16,390,994$25,376,358
70$39,634,912$20,581,923$16,861,710$27,097,125
71$43,596,822$21,509,586$17,345,726$28,960,586
72$47,960,300$22,480,158$17,843,411$30,979,978
73$52,766,226$23,495,661$18,355,140$33,169,835
74$58,059,647$24,558,214$18,881,303$35,546,113
75$63,890,201$25,670,037$19,422,297$38,126,336
76$70,312,589$26,833,456$19,978,531$40,929,750
77$77,387,086$28,050,908$20,550,425$43,977,500
78$85,180,114$29,324,948$21,138,409$47,292,817
79$93,764,867$30,658,252$21,742,927$50,901,229
80$103,222,000$32,053,623$22,364,432$54,830,794
81$113,640,395$33,514,001$23,003,391$59,112,350
82$125,117,992$35,042,465$23,660,282$63,779,801
83$137,762,723$36,642,241$24,335,597$68,870,420
84$151,693,521$38,316,711$25,029,839$74,425,195
85$167,041,448$40,069,418$25,743,528$80,489,196
86$183,950,933$41,904,077$26,477,193$87,111,995
87$202,581,130$43,824,578$27,231,381$94,348,117
88$223,107,423$45,835,001$28,006,650$102,257,541
89$245,723,084$47,939,619$28,803,577$110,906,249
90$270,641,092$50,142,913$29,622,749$120,366,838
91$298,096,145$52,449,578$30,464,773$130,719,187
92$328,346,877$54,864,533$31,330,269$142,051,193
93$361,678,300$57,392,937$32,219,874$154,459,585
94$398,404,489$60,040,193$33,134,242$168,050,817
95$438,871,552$62,811,968$34,074,045$182,942,055
96$483,460,895$65,714,198$35,039,969$199,262,262
97$532,592,820$68,753,108$36,032,722$217,153,396
98$586,730,497$71,935,220$37,053,028$236,771,725
99$646,384,334$75,267,371$38,101,630$258,289,281
100$712,116,792$78,756,729$39,179,291$281,895,461