Can I retire at age 58 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$974,433$965,753$957,285$949,019$940,949$917,085
2 years$482,393$473,408$464,701$456,259$448,071$424,184
3 years$318,401$309,378$300,693$292,330$284,274$261,111
4 years$236,421$227,425$218,827$210,607$202,747$180,485
5 years$187,245$178,304$169,819$161,766$154,125$132,826
6 years$154,473$145,599$137,239$129,366$121,954$101,640
7 years$131,073$122,274$114,046$106,359$99,181$79,853
8 years$113,531$104,811$96,720$89,222$82,280$63,930
9 years$99,894$91,257$83,305$75,997$69,292$51,904
10 years$88,992$80,438$72,627$65,510$59,040$42,593
11 years$80,077$71,610$63,940$57,014$50,777$35,246
12 years$72,653$64,273$56,745$50,009$44,002$29,361
13 years$66,377$58,084$50,698$44,150$38,370$24,590
14 years$61,001$52,797$45,552$39,192$33,635$20,685
15 years$56,347$48,231$41,128$34,952$29,615$17,462
16 years$52,278$44,251$37,288$31,296$26,174$14,785
17 years$48,692$40,753$33,931$28,119$23,208$12,550
18 years$45,508$37,658$30,974$25,341$20,635$10,675
19 years$42,662$34,901$28,356$22,898$18,393$9,095
20 years$40,104$32,432$26,023$20,738$16,429$7,761
21 years$37,793$30,209$23,936$18,821$14,702$6,631
22 years$35,695$28,199$22,061$17,113$13,178$5,671
23 years$33,782$26,374$20,370$15,585$11,829$4,855
24 years$32,031$24,711$18,838$14,214$10,633$4,159
25 years$30,422$23,190$17,448$12,981$9,568$3,565
26 years$28,940$21,795$16,182$11,870$8,618$3,058
27 years$27,570$20,511$15,027$10,864$7,770$2,624
28 years$26,300$19,328$13,969$9,954$7,011$2,253
29 years$25,119$18,233$13,000$9,128$6,331$1,934
30 years$24,020$17,219$12,109$8,377$5,720$1,662
31 years$22,993$16,278$11,289$7,694$5,172$1,428
32 years$22,033$15,402$10,532$7,071$4,678$1,227
33 years$21,132$14,586$9,834$6,502$4,234$1,055
34 years$20,286$13,825$9,188$5,983$3,833$907
35 years$19,491$13,112$8,591$5,507$3,472$780
36 years$18,741$12,446$8,036$5,072$3,146$671
37 years$18,034$11,820$7,522$4,673$2,851$577
38 years$17,365$11,234$7,044$4,308$2,585$496
39 years$16,732$10,682$6,599$3,972$2,344$427
40 years$16,132$10,163$6,186$3,663$2,126$367
41 years$15,564$9,674$5,800$3,380$1,929$316
42 years$15,023$9,213$5,441$3,119$1,750$272
43 years$14,509$8,779$5,105$2,879$1,588$234
44 years$14,020$8,368$4,792$2,659$1,442$201
45 years$13,554$7,979$4,500$2,455$1,309$173
46 years$13,109$7,612$4,226$2,268$1,188$149
47 years$12,685$7,264$3,971$2,095$1,079$128
48 years$12,280$6,935$3,731$1,936$980$110
49 years$11,892$6,622$3,507$1,789$890$95
50 years$11,521$6,326$3,297$1,654$808$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,800,000, adding $6,208 every year, while hoping to spend $36,542 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: 75/8/17 Blend
57$11,800,000$11,800,000$11,800,000$11,800,000
58$13,010,004$12,384,604$12,201,704$13,935,311
59$14,298,144$12,952,569$12,571,580$15,116,507
60$15,716,449$13,547,139$12,952,623$16,405,686
61$17,278,158$14,169,581$13,345,167$17,817,751
62$18,997,859$14,821,219$13,749,559$19,364,931
63$20,891,625$15,503,443$14,166,154$21,060,690
64$22,977,168$16,217,709$14,595,317$22,919,854
65$25,274,007$16,965,545$15,037,428$24,958,749
66$27,803,648$17,748,549$15,492,874$27,195,354
67$30,589,791$18,568,398$15,962,056$29,649,467
68$33,658,551$19,426,851$16,445,386$32,342,892
69$37,038,705$20,325,749$16,943,289$35,299,643
70$40,761,965$21,267,022$17,456,201$38,546,169
71$44,863,275$22,252,696$17,984,573$42,111,600
72$49,381,141$23,284,890$18,528,869$46,028,022
73$54,357,997$24,365,829$19,089,565$50,330,775
74$59,840,602$25,497,844$19,667,154$55,058,788
75$65,880,482$26,683,377$20,262,143$60,254,944
76$72,534,418$27,924,989$20,875,051$65,966,476
77$79,864,980$29,225,365$21,506,418$72,245,420
78$87,941,120$30,587,320$22,156,794$79,149,097
79$96,838,818$32,013,802$22,826,751$86,740,653
80$106,641,804$33,507,905$23,516,873$95,089,653
81$117,442,345$35,072,870$24,227,766$104,272,735
82$129,342,119$36,712,095$24,960,050$114,374,329
83$142,453,170$38,429,142$25,714,367$125,487,452
84$156,898,970$40,227,747$26,491,375$137,714,583
85$172,815,582$42,111,824$27,291,754$151,168,627
86$190,352,946$44,085,478$28,116,202$165,973,975
87$209,676,291$46,153,012$28,965,440$182,267,677
88$230,967,699$48,318,935$29,840,208$200,200,734
89$254,427,820$50,587,979$30,741,271$219,939,514
90$280,277,768$52,965,100$31,669,414$241,667,321
91$308,761,208$55,455,497$32,625,446$265,586,124
92$340,146,654$58,064,620$33,610,201$291,918,454
93$374,730,007$60,798,181$34,624,538$320,909,503
94$412,837,347$63,662,171$35,669,339$352,829,435
95$454,828,009$66,662,870$36,745,515$387,975,927
96$501,097,979$69,806,863$37,854,002$426,676,978
97$552,083,627$73,101,053$38,995,765$469,293,999
98$608,265,831$76,552,679$40,171,797$516,225,217
99$670,174,514$80,169,329$41,383,121$567,909,430
100$738,393,649$83,958,960$42,630,790$624,830,144