Can I retire at age 58 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$966,175$957,569$949,172$940,977$932,974$900,588
2 years$478,304$469,397$460,763$452,393$444,274$411,980
3 years$315,702$306,756$298,144$289,852$281,865$250,679
4 years$234,417$225,498$216,973$208,822$201,029$171,188
5 years$185,659$176,793$168,380$160,396$152,819$124,402
6 years$153,164$144,365$136,076$128,270$120,920$93,950
7 years$129,962$121,237$113,080$105,458$98,341$72,811
8 years$112,569$103,923$95,901$88,466$81,583$57,474
9 years$99,048$90,484$82,599$75,353$68,705$45,986
10 years$88,237$79,757$72,012$64,955$58,540$37,174
11 years$79,398$71,003$63,398$56,530$50,346$30,290
12 years$72,038$63,728$56,264$49,585$43,629$24,835
13 years$65,814$57,592$50,268$43,776$38,045$20,464
14 years$60,484$52,349$45,166$38,859$33,350$16,930
15 years$55,870$47,822$40,779$34,656$29,364$14,053
16 years$51,835$43,876$36,972$31,030$25,952$11,695
17 years$48,280$40,408$33,643$27,881$23,011$9,754
18 years$45,122$37,339$30,712$25,126$20,460$8,150
19 years$42,301$34,605$28,115$22,704$18,237$6,820
20 years$39,765$32,157$25,803$20,562$16,289$5,714
21 years$37,473$29,953$23,734$18,662$14,577$4,792
22 years$35,392$27,960$21,874$16,968$13,066$4,022
23 years$33,495$26,150$20,197$15,453$11,729$3,379
24 years$31,759$24,501$18,679$14,094$10,542$2,840
25 years$30,164$22,993$17,300$12,871$9,487$2,388
26 years$28,695$21,610$16,045$11,769$8,545$2,009
27 years$27,336$20,337$14,899$10,772$7,704$1,691
28 years$26,077$19,164$13,851$9,870$6,952$1,423
29 years$24,906$18,079$12,889$9,051$6,277$1,199
30 years$23,816$17,074$12,006$8,306$5,672$1,010
31 years$22,798$16,140$11,193$7,629$5,128$850
32 years$21,846$15,272$10,443$7,011$4,638$716
33 years$20,953$14,463$9,751$6,447$4,198$604
34 years$20,114$13,707$9,111$5,932$3,801$509
35 years$19,326$13,001$8,518$5,461$3,442$429
36 years$18,582$12,340$7,968$5,029$3,119$361
37 years$17,881$11,720$7,458$4,634$2,827$305
38 years$17,218$11,138$6,984$4,271$2,563$257
39 years$16,590$10,592$6,543$3,938$2,324$216
40 years$15,996$10,077$6,133$3,632$2,108$182
41 years$15,432$9,592$5,751$3,351$1,912$154
42 years$14,896$9,135$5,395$3,093$1,735$130
43 years$14,386$8,704$5,062$2,855$1,575$109
44 years$13,901$8,297$4,752$2,636$1,430$92
45 years$13,439$7,912$4,462$2,435$1,298$78
46 years$12,998$7,548$4,190$2,249$1,178$66
47 years$12,578$7,203$3,937$2,078$1,070$55
48 years$12,176$6,876$3,700$1,920$972$47
49 years$11,791$6,566$3,477$1,774$883$39
50 years$11,423$6,272$3,269$1,640$802$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,700,000, adding $5,481 every year, while hoping to spend $52,729 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: 67/23/10 Blend
57$11,700,000$11,700,000$11,700,000$11,700,000
58$12,899,054$12,278,954$12,097,604$13,736,249
59$14,158,654$12,824,519$12,446,770$14,839,100
60$15,544,966$13,395,050$12,805,866$16,037,581
61$17,070,859$13,991,714$13,175,170$17,346,485
62$18,750,513$14,615,734$13,554,964$18,776,606
63$20,599,552$15,268,392$13,945,542$20,339,819
64$22,635,192$15,951,029$14,347,204$22,049,191
65$24,876,404$16,665,052$14,760,257$23,919,100
66$27,344,091$17,411,933$15,185,019$25,965,368
67$30,061,286$18,193,216$15,621,815$28,205,407
68$33,053,370$19,010,516$16,070,979$30,658,381
69$36,348,311$19,865,528$16,532,854$33,345,385
70$39,976,925$20,760,026$17,007,791$36,289,636
71$43,973,173$21,695,868$17,496,153$39,516,695
72$48,374,473$22,675,003$17,998,311$43,054,698
73$53,222,062$23,699,470$18,514,647$46,934,622
74$58,561,376$24,771,408$19,045,551$51,190,573
75$64,442,487$25,893,057$19,591,427$55,860,102
76$70,920,567$27,066,764$20,152,687$60,984,556
77$78,056,418$28,294,988$20,729,755$66,609,462
78$85,917,037$29,580,307$21,323,067$72,784,955
79$94,576,254$30,925,421$21,933,068$79,566,245
80$104,115,425$32,333,159$22,560,219$87,014,130
81$114,624,201$33,806,487$23,204,989$95,195,568
82$126,201,376$35,348,512$23,867,863$104,184,301
83$138,955,817$36,962,489$24,549,336$114,061,549
84$153,007,490$38,651,831$25,249,919$124,916,763
85$168,488,596$40,420,113$25,970,134$136,848,469
86$185,544,818$42,271,083$26,710,518$149,965,190
87$204,336,690$44,208,668$27,471,622$164,386,461
88$225,041,123$46,236,982$28,254,011$180,243,952
89$247,853,063$48,360,340$29,058,266$197,682,703
90$272,987,341$50,583,262$29,884,983$216,862,483
91$300,680,692$52,910,484$30,734,773$237,959,290
92$331,193,997$55,346,973$31,608,262$261,167,006
93$364,814,742$57,897,932$32,506,096$286,699,216
94$401,859,730$60,568,814$33,428,935$314,791,212
95$442,678,074$63,365,338$34,377,455$345,702,209
96$487,654,491$66,293,493$35,352,354$379,717,777
97$537,212,936$69,359,561$36,354,344$417,152,527
98$591,820,599$72,570,123$37,384,159$458,353,069
99$651,992,320$75,932,079$38,442,548$503,701,272
100$718,295,446$79,452,660$39,530,283$553,617,857