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

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$957,917$949,385$941,060$932,934$925,000$895,390
2 years$474,216$465,385$456,825$448,526$440,476$410,918
3 years$313,004$304,134$295,596$287,375$279,456$250,877
4 years$232,413$223,571$215,118$207,038$199,311$171,929
5 years$184,072$175,282$166,941$159,025$151,513$125,403
6 years$151,855$143,131$134,913$127,173$119,887$95,070
7 years$128,851$120,201$112,113$104,556$97,500$73,974
8 years$111,607$103,035$95,081$87,710$80,886$58,635
9 years$98,201$89,710$81,893$74,709$68,118$47,116
10 years$87,483$79,075$71,396$64,400$58,040$38,255
11 years$78,720$70,396$62,856$56,047$49,916$31,312
12 years$71,422$63,184$55,783$49,161$43,256$25,793
13 years$65,252$57,100$49,839$43,402$37,720$21,355
14 years$59,968$51,902$44,780$38,527$33,065$17,754
15 years$55,392$47,413$40,431$34,360$29,113$14,809
16 years$51,392$43,501$36,656$30,765$25,730$12,387
17 years$47,867$40,063$33,356$27,642$22,814$10,385
18 years$44,737$37,020$30,449$24,911$20,285$8,722
19 years$41,939$34,309$27,875$22,509$18,081$7,337
20 years$39,425$31,882$25,582$20,387$16,150$6,180
21 years$37,153$29,697$23,531$18,502$14,453$5,212
22 years$35,090$27,721$21,687$16,823$12,955$4,399
23 years$33,209$25,927$20,024$15,321$11,629$3,715
24 years$31,488$24,292$18,519$13,973$10,452$3,140
25 years$29,907$22,797$17,152$12,761$9,405$2,656
26 years$28,449$21,425$15,908$11,668$8,472$2,247
27 years$27,102$20,164$14,772$10,680$7,638$1,902
28 years$25,854$19,000$13,732$9,785$6,892$1,610
29 years$24,694$17,924$12,779$8,973$6,223$1,363
30 years$23,613$16,928$11,903$8,235$5,623$1,155
31 years$22,603$16,002$11,097$7,564$5,084$979
32 years$21,659$15,141$10,354$6,951$4,599$829
33 years$20,774$14,339$9,667$6,392$4,162$703
34 years$19,943$13,590$9,033$5,881$3,768$596
35 years$19,160$12,890$8,445$5,414$3,413$505
36 years$18,423$12,235$7,900$4,986$3,092$428
37 years$17,728$11,620$7,394$4,594$2,803$363
38 years$17,071$11,043$6,924$4,235$2,541$308
39 years$16,449$10,501$6,487$3,904$2,304$261
40 years$15,859$9,991$6,081$3,601$2,090$221
41 years$15,300$9,510$5,702$3,323$1,896$188
42 years$14,768$9,057$5,348$3,066$1,720$159
43 years$14,263$8,630$5,019$2,831$1,561$135
44 years$13,782$8,226$4,711$2,614$1,417$114
45 years$13,324$7,844$4,423$2,414$1,287$97
46 years$12,887$7,483$4,155$2,230$1,168$82
47 years$12,470$7,141$3,903$2,060$1,061$70
48 years$12,072$6,817$3,668$1,903$963$59
49 years$11,690$6,510$3,448$1,759$875$50
50 years$11,326$6,219$3,241$1,626$795$43

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 $4,473 every year, while hoping to spend $43,327 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: 77/8/15 Blend
57$11,600,000$11,600,000$11,600,000$11,600,000
58$12,787,814$12,173,014$11,993,214$13,731,375
59$14,046,071$12,723,392$12,348,887$14,904,820
60$15,431,219$13,299,286$12,715,023$16,185,389
61$16,956,154$13,901,902$13,091,927$17,588,489
62$18,635,087$14,532,500$13,479,911$19,126,333
63$20,483,677$15,192,405$13,879,300$20,812,370
64$22,519,180$15,883,000$14,290,424$22,661,409
65$24,760,608$16,605,739$14,713,625$24,689,758
66$27,228,913$17,362,143$15,149,255$26,915,377
67$29,947,181$18,153,807$15,597,673$29,358,046
68$32,940,850$18,982,401$16,059,253$32,039,550
69$36,237,955$19,849,676$16,534,376$34,983,880
70$39,869,384$20,757,468$17,023,435$38,217,465
71$43,869,176$21,707,699$17,526,835$41,769,410
72$48,274,841$22,702,384$18,044,992$45,671,778
73$53,127,709$23,743,636$18,578,335$49,959,885
74$58,473,329$24,833,668$19,127,302$54,672,632
75$64,361,890$25,974,798$19,692,348$59,852,873
76$70,848,698$27,169,459$20,273,937$65,547,816
77$77,994,701$28,420,199$20,872,550$71,809,462
78$85,867,058$29,729,686$21,488,678$78,695,102
79$94,539,778$31,100,721$22,122,829$86,267,847
80$104,094,416$32,536,236$22,775,524$94,597,227
81$114,620,841$34,039,306$23,447,298$103,759,843
82$126,218,088$35,613,154$24,138,704$113,840,086
83$138,995,292$37,261,157$24,850,309$124,930,930
84$153,072,713$38,986,855$25,582,696$137,134,811
85$168,582,878$40,793,959$26,336,465$150,564,588
86$185,671,827$42,686,359$27,112,232$165,344,603
87$204,500,495$44,668,132$27,910,633$181,611,856
88$225,246,225$46,743,551$28,732,320$199,517,293
89$248,104,451$48,917,095$29,577,963$219,227,224
90$273,290,534$51,193,462$30,448,254$240,924,894
91$301,041,800$53,577,572$31,343,901$264,812,207
92$331,619,776$56,074,587$32,265,635$291,111,628
93$365,312,666$58,689,914$33,214,206$320,068,276
94$402,438,062$61,429,223$34,190,386$351,952,239
95$443,345,948$64,298,460$35,194,968$387,061,115
96$488,422,004$67,303,853$36,228,769$425,722,817
97$538,091,243$70,451,937$37,292,627$468,298,665
98$592,822,025$73,749,557$38,387,406$515,186,790
99$653,130,480$77,203,893$39,513,992$566,825,889
100$719,585,376$80,822,471$40,673,298$623,699,359