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

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$966,175$957,569$949,172$940,977$932,974$917,896
2 years$478,304$469,397$460,763$452,393$444,274$429,124
3 years$315,702$306,756$298,144$289,852$281,865$267,116
4 years$234,417$225,498$216,973$208,822$201,029$186,793
5 years$185,659$176,793$168,380$160,396$152,819$139,138
6 years$153,164$144,365$136,076$128,270$120,920$107,810
7 years$129,962$121,237$113,080$105,458$98,341$85,805
8 years$112,569$103,923$95,901$88,466$81,583$69,620
9 years$99,048$90,484$82,599$75,353$68,705$57,308
10 years$88,237$79,757$72,012$64,955$58,540$47,699
11 years$79,398$71,003$63,398$56,530$50,346$40,051
12 years$72,038$63,728$56,264$49,585$43,629$33,866
13 years$65,814$57,592$50,268$43,776$38,045$28,800
14 years$60,484$52,349$45,166$38,859$33,350$24,608
15 years$55,870$47,822$40,779$34,656$29,364$21,108
16 years$51,835$43,876$36,972$31,030$25,952$18,165
17 years$48,280$40,408$33,643$27,881$23,011$15,676
18 years$45,122$37,339$30,712$25,126$20,460$13,560
19 years$42,301$34,605$28,115$22,704$18,237$11,752
20 years$39,765$32,157$25,803$20,562$16,289$10,203
21 years$37,473$29,953$23,734$18,662$14,577$8,872
22 years$35,392$27,960$21,874$16,968$13,066$7,723
23 years$33,495$26,150$20,197$15,453$11,729$6,731
24 years$31,759$24,501$18,679$14,094$10,542$5,872
25 years$30,164$22,993$17,300$12,871$9,487$5,127
26 years$28,695$21,610$16,045$11,769$8,545$4,479
27 years$27,336$20,337$14,899$10,772$7,704$3,916
28 years$26,077$19,164$13,851$9,870$6,952$3,425
29 years$24,906$18,079$12,889$9,051$6,277$2,997
30 years$23,816$17,074$12,006$8,306$5,672$2,624
31 years$22,798$16,140$11,193$7,629$5,128$2,298
32 years$21,846$15,272$10,443$7,011$4,638$2,013
33 years$20,953$14,463$9,751$6,447$4,198$1,764
34 years$20,114$13,707$9,111$5,932$3,801$1,546
35 years$19,326$13,001$8,518$5,461$3,442$1,355
36 years$18,582$12,340$7,968$5,029$3,119$1,188
37 years$17,881$11,720$7,458$4,634$2,827$1,042
38 years$17,218$11,138$6,984$4,271$2,563$914
39 years$16,590$10,592$6,543$3,938$2,324$802
40 years$15,996$10,077$6,133$3,632$2,108$703
41 years$15,432$9,592$5,751$3,351$1,912$617
42 years$14,896$9,135$5,395$3,093$1,735$542
43 years$14,386$8,704$5,062$2,855$1,575$475
44 years$13,901$8,297$4,752$2,636$1,430$417
45 years$13,439$7,912$4,462$2,435$1,298$366
46 years$12,998$7,548$4,190$2,249$1,178$321
47 years$12,578$7,203$3,937$2,078$1,070$282
48 years$12,176$6,876$3,700$1,920$972$247
49 years$11,791$6,566$3,477$1,774$883$217
50 years$11,423$6,272$3,269$1,640$802$191

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 $4,238 every year, while hoping to spend $30,263 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: 67/27/6 Blend
57$11,700,000$11,700,000$11,700,000$11,700,000
58$12,897,771$12,277,671$12,096,321$13,750,073
59$14,181,145$12,847,078$12,469,349$14,885,100
60$15,594,407$13,443,371$12,853,858$16,121,384
61$17,150,777$14,067,836$13,250,202$17,472,046
62$18,864,817$14,721,820$13,658,745$18,948,242
63$20,752,576$15,406,737$14,079,860$20,562,246
64$22,831,738$16,124,066$14,513,935$22,327,556
65$25,121,790$16,875,361$14,961,366$24,259,027
66$27,644,205$17,662,246$15,422,565$26,372,998
67$30,422,647$18,486,429$15,897,954$28,687,450
68$33,483,190$19,349,697$16,387,968$31,222,169
69$36,854,567$20,253,924$16,893,057$33,998,929
70$40,568,442$21,201,076$17,413,684$37,041,692
71$44,659,706$22,193,211$17,950,324$40,376,835
72$49,166,807$23,232,489$18,503,471$44,033,386
73$54,132,114$24,321,174$19,073,630$48,043,301
74$59,602,316$25,461,638$19,661,324$52,441,758
75$65,628,864$26,656,370$20,267,090$57,267,482
76$72,268,454$27,907,978$20,891,483$62,563,108
77$79,583,564$29,219,197$21,535,075$68,375,575
78$87,643,042$30,592,892$22,198,455$74,756,566
79$96,522,759$32,032,070$22,882,230$81,762,989
80$106,306,321$33,539,882$23,587,025$89,457,503
81$117,085,861$35,119,631$24,313,485$97,909,111
82$128,962,907$36,774,782$25,062,275$107,193,798
83$142,049,342$38,508,964$25,834,080$117,395,241
84$156,468,458$40,325,987$26,629,605$128,605,596
85$172,356,122$42,229,841$27,449,578$140,926,353
86$189,862,055$44,224,712$28,294,748$154,469,290
87$209,151,250$46,314,989$29,165,887$169,357,519
88$230,405,527$48,505,272$30,063,793$185,726,636
89$253,825,246$50,800,386$30,989,286$203,725,995
90$279,631,204$53,205,388$31,943,210$223,520,103
91$308,066,718$55,725,583$32,926,439$245,290,167
92$339,399,918$58,366,531$33,939,869$269,235,788
93$373,926,281$61,134,063$34,984,426$295,576,841
94$411,971,422$64,034,292$36,061,065$324,555,528
95$453,894,164$67,073,630$37,170,768$356,438,660
96$500,089,929$70,258,797$38,314,548$391,520,160
97$550,994,465$73,596,842$39,493,449$430,123,821
98$607,087,969$77,095,155$40,708,548$472,606,350
99$668,899,609$80,761,486$41,960,952$519,360,717
100$737,012,531$84,603,960$43,251,805$570,819,854