Can I retire at age 58 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$982,691$973,938$965,398$957,062$948,923$939,404
2 years$486,481$477,420$468,640$460,126$451,868$442,281
3 years$321,099$311,999$303,241$294,807$286,684$277,325
4 years$238,424$229,353$220,682$212,392$204,465$195,407
5 years$188,832$179,815$171,258$163,137$155,431$146,701
6 years$155,782$146,833$138,402$130,462$122,987$114,595
7 years$132,184$123,310$115,013$107,260$100,022$91,972
8 years$114,493$105,699$97,540$89,978$82,978$75,269
9 years$100,741$92,030$84,011$76,641$69,879$62,509
10 years$89,746$81,120$73,243$66,065$59,541$52,505
11 years$80,756$72,217$64,482$57,497$51,207$44,500
12 years$73,269$64,818$57,226$50,432$44,375$37,990
13 years$66,939$58,576$51,128$44,524$38,696$32,625
14 years$61,518$53,244$45,938$39,524$33,920$28,156
15 years$56,825$48,640$41,476$35,248$29,866$24,399
16 years$52,721$44,626$37,604$31,561$26,396$21,217
17 years$49,105$41,099$34,218$28,357$23,404$18,504
18 years$45,894$37,977$31,237$25,556$20,810$16,179
19 years$43,024$35,197$28,596$23,092$18,548$14,177
20 years$40,444$32,707$26,244$20,914$16,568$12,446
21 years$38,113$30,465$24,139$18,981$14,826$10,944
22 years$35,997$28,438$22,248$17,258$13,290$9,637
23 years$34,068$26,597$20,542$15,717$11,930$8,496
24 years$32,302$24,920$18,998$14,335$10,723$7,499
25 years$30,680$23,386$17,596$13,091$9,649$6,624
26 years$29,185$21,979$16,319$11,970$8,691$5,857
27 years$27,803$20,685$15,154$10,957$7,836$5,182
28 years$26,523$19,491$14,088$10,039$7,070$4,588
29 years$25,332$18,388$13,110$9,206$6,384$4,064
30 years$24,223$17,365$12,211$8,448$5,769$3,602
31 years$23,188$16,416$11,384$7,759$5,215$3,193
32 years$22,219$15,533$10,622$7,131$4,718$2,833
33 years$21,311$14,710$9,917$6,557$4,270$2,513
34 years$20,458$13,942$9,266$6,033$3,866$2,231
35 years$19,656$13,223$8,663$5,554$3,501$1,981
36 years$18,900$12,551$8,104$5,115$3,172$1,759
37 years$18,186$11,921$7,586$4,713$2,875$1,562
38 years$17,512$11,329$7,104$4,344$2,607$1,388
39 years$16,874$10,773$6,655$4,005$2,364$1,233
40 years$16,269$10,249$6,238$3,694$2,144$1,096
41 years$15,695$9,756$5,849$3,409$1,945$974
42 years$15,150$9,292$5,487$3,146$1,765$866
43 years$14,632$8,853$5,149$2,904$1,602$769
44 years$14,139$8,439$4,833$2,681$1,454$684
45 years$13,669$8,047$4,538$2,476$1,320$608
46 years$13,221$7,677$4,262$2,287$1,198$541
47 years$12,793$7,326$4,004$2,113$1,088$481
48 years$12,384$6,994$3,763$1,953$988$428
49 years$11,993$6,678$3,537$1,805$898$380
50 years$11,619$6,379$3,325$1,668$815$338

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,900,000, adding $3,569 every year, while hoping to spend $56,410 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: 65/7/28 Blend
57$11,900,000$11,900,000$11,900,000$11,900,000
58$13,117,481$12,486,781$12,302,331$13,872,714
59$14,395,445$13,038,614$12,654,440$14,935,572
60$15,801,870$13,615,596$13,016,453$16,090,271
61$17,349,800$14,218,899$13,388,644$17,351,213
62$19,053,607$14,849,753$13,771,291$18,728,863
63$20,929,128$15,509,444$14,164,682$20,234,744
64$22,993,811$16,199,319$14,569,111$21,881,537
65$25,266,885$16,920,790$14,984,881$23,683,207
66$27,769,535$17,675,336$15,412,302$25,655,129
67$30,525,105$18,464,506$15,851,693$27,814,230
68$33,559,322$19,289,922$16,303,380$30,179,150
69$36,900,528$20,153,285$16,767,699$32,770,416
70$40,579,960$21,056,373$17,244,995$35,610,630
71$44,632,035$22,001,054$17,735,621$38,724,687
72$49,094,678$22,989,282$18,239,940$42,140,000
73$54,009,681$24,023,102$18,758,324$45,886,764
74$59,423,096$25,104,662$19,291,155$49,998,234
75$65,385,669$26,236,207$19,838,826$54,511,037
76$71,953,318$27,420,093$20,401,738$59,465,519
77$79,187,665$28,658,786$20,980,304$64,906,118
78$87,156,611$29,954,871$21,574,949$70,881,785
79$95,934,982$31,311,056$22,186,106$77,446,443
80$105,605,231$32,730,178$22,814,221$84,659,490
81$116,258,219$34,215,211$23,459,752$92,586,362
82$127,994,071$35,769,270$24,123,167$101,299,142
83$140,923,122$37,395,620$24,804,949$110,877,244
84$155,166,956$39,097,681$25,505,591$121,408,151
85$170,859,556$40,879,038$26,225,598$132,988,246
86$188,148,566$42,743,447$26,965,492$145,723,713
87$207,196,688$44,694,844$27,725,804$159,731,538
88$228,183,213$46,737,354$28,507,081$175,140,610
89$251,305,716$48,875,299$29,309,883$192,092,931
90$276,781,920$51,113,210$30,134,785$210,744,955
91$304,851,752$53,455,834$30,982,377$231,269,062
92$335,779,607$55,908,146$31,853,263$253,855,178
93$369,856,841$58,475,359$32,748,062$278,712,565
94$407,404,527$61,162,940$33,667,409$306,071,791
95$448,776,478$63,976,613$34,611,957$336,186,904
96$494,362,594$66,922,383$35,582,373$369,337,822
97$544,592,538$70,006,539$36,579,342$405,832,975
98$599,939,792$73,235,675$37,603,565$446,012,204
99$660,926,129$76,616,701$38,655,763$490,249,972
100$728,126,536$80,156,860$39,736,672$538,958,888