Can I retire at age 58 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$990,949$982,122$973,510$965,105$956,897$935,665
2 years$490,569$481,432$472,578$463,993$455,665$434,385
3 years$323,797$314,621$305,789$297,285$289,093$268,428
4 years$240,428$231,280$222,536$214,177$206,183$186,294
5 years$190,419$181,326$172,697$164,508$156,737$137,679
6 years$157,091$148,067$139,565$131,559$124,021$105,814
7 years$133,294$124,346$115,979$108,162$100,862$83,509
8 years$115,455$106,588$98,360$90,734$83,675$67,170
9 years$101,588$92,804$84,717$77,285$70,466$54,797
10 years$90,500$81,802$73,858$66,621$60,041$45,191
11 years$81,434$72,823$65,024$57,980$51,637$37,587
12 years$73,885$65,362$57,707$50,856$44,748$31,476
13 years$67,502$59,068$51,557$44,898$39,021$26,503
14 years$62,035$53,692$46,324$39,856$34,205$22,416
15 years$57,302$49,048$41,825$35,544$30,117$19,029
16 years$53,165$45,001$37,920$31,826$26,618$16,204
17 years$49,518$41,444$34,506$28,595$23,601$13,834
18 years$46,279$38,296$31,499$25,770$20,985$11,836
19 years$43,385$35,493$28,836$23,286$18,704$10,146
20 years$40,784$32,981$26,464$21,090$16,707$8,710
21 years$38,434$30,721$24,342$19,140$14,951$7,487
22 years$36,300$28,677$22,435$17,403$13,401$6,443
23 years$34,354$26,821$20,715$15,849$12,030$5,550
24 years$32,574$25,129$19,158$14,455$10,813$4,785
25 years$30,938$23,583$17,744$13,201$9,730$4,128
26 years$29,430$22,164$16,457$12,071$8,764$3,564
27 years$28,037$20,859$15,281$11,049$7,902$3,078
28 years$26,745$19,655$14,206$10,123$7,130$2,660
29 years$25,545$18,542$13,220$9,283$6,438$2,299
30 years$24,427$17,511$12,314$8,519$5,817$1,988
31 years$23,383$16,554$11,480$7,824$5,259$1,720
32 years$22,406$15,663$10,711$7,191$4,757$1,488
33 years$21,490$14,834$10,001$6,613$4,305$1,287
34 years$20,630$14,059$9,344$6,084$3,898$1,114
35 years$19,821$13,335$8,736$5,601$3,531$965
36 years$19,059$12,656$8,172$5,158$3,199$835
37 years$18,339$12,021$7,649$4,753$2,899$723
38 years$17,659$11,424$7,163$4,381$2,629$626
39 years$17,016$10,863$6,711$4,039$2,384$542
40 years$16,406$10,335$6,290$3,725$2,162$470
41 years$15,827$9,838$5,898$3,437$1,961$407
42 years$15,278$9,370$5,533$3,172$1,780$352
43 years$14,755$8,927$5,192$2,928$1,615$305
44 years$14,258$8,510$4,873$2,704$1,466$264
45 years$13,784$8,115$4,576$2,497$1,331$229
46 years$13,332$7,741$4,298$2,307$1,209$199
47 years$12,900$7,387$4,038$2,131$1,097$172
48 years$12,488$7,052$3,794$1,969$997$149
49 years$12,094$6,735$3,567$1,820$905$129
50 years$11,716$6,433$3,353$1,682$822$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,000,000, adding $5,961 every year, while hoping to spend $44,808 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: 44/47/9 Blend
57$12,000,000$12,000,000$12,000,000$12,000,000
58$13,230,149$12,594,149$12,408,149$13,778,036
59$14,531,949$13,163,587$12,776,146$14,728,049
60$15,965,030$13,759,425$13,154,970$15,752,031
61$17,542,737$14,382,911$13,544,935$16,860,809
62$19,279,772$15,035,349$13,946,367$18,062,187
63$21,192,337$15,718,109$14,359,598$19,364,726
64$23,298,283$16,432,624$14,784,972$20,777,821
65$25,617,281$17,180,397$15,222,842$22,311,784
66$28,171,009$17,963,001$15,673,572$23,977,936
67$30,983,351$18,782,087$16,137,536$25,788,706
68$34,080,627$19,639,384$16,615,118$27,757,745
69$37,491,840$20,536,703$17,106,713$29,900,046
70$41,248,949$21,475,942$17,612,730$32,232,078
71$45,387,171$22,459,092$18,133,585$34,771,939
72$49,945,312$23,488,238$18,669,710$37,539,512
73$54,966,136$24,565,564$19,221,548$40,556,652
74$60,496,766$25,693,361$19,789,554$43,847,379
75$66,589,129$26,874,028$20,374,197$47,438,099
76$73,300,447$28,110,082$20,975,958$51,357,842
77$80,693,774$29,404,158$21,595,335$55,638,528
78$88,838,596$30,759,019$22,232,836$60,315,260
79$97,811,483$32,177,560$22,888,986$65,426,641
80$107,696,812$33,662,818$23,564,324$71,015,131
81$118,587,563$35,217,974$24,259,406$77,127,434
82$130,586,201$36,846,360$24,974,802$83,814,930
83$143,805,635$38,551,473$25,711,099$91,134,145
84$158,370,289$40,336,975$26,468,901$99,147,272
85$174,417,278$42,206,706$27,248,828$107,922,745
86$192,097,695$44,164,690$28,051,519$117,535,872
87$211,578,046$46,215,146$28,877,631$128,069,527
88$233,041,814$48,362,495$29,727,838$139,614,922
89$256,691,194$50,611,372$30,602,836$152,272,448
90$282,749,003$52,966,637$31,503,339$166,152,605
91$311,460,781$55,433,382$32,430,081$181,377,030
92$343,097,109$58,016,946$33,383,816$198,079,627
93$377,956,164$60,722,925$34,365,323$216,407,805
94$416,366,530$63,557,187$35,375,400$236,523,858
95$458,690,308$66,525,881$36,414,867$258,606,468
96$505,326,525$69,635,454$37,484,570$282,852,373
97$556,714,904$72,892,665$38,585,377$309,478,200
98$613,340,018$76,304,599$39,718,181$338,722,485
99$675,735,859$79,878,684$40,883,900$370,847,898
100$744,490,884$83,622,707$42,083,478$406,143,697