Can I retire at age 58 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$999,207$990,306$981,623$973,147$964,871$955,590
2 years$494,657$485,444$476,516$467,859$459,462$450,113
3 years$326,495$317,243$308,337$299,762$291,502$282,374
4 years$242,431$233,207$224,391$215,962$207,902$199,066
5 years$192,006$182,837$174,136$165,879$158,043$149,525
6 years$158,400$149,300$140,728$132,655$125,054$116,865
7 years$134,405$125,382$116,946$109,063$101,703$93,845
8 years$116,417$107,476$99,179$91,490$84,372$76,846
9 years$102,434$93,577$85,423$77,929$71,054$63,857
10 years$91,254$82,484$74,474$67,176$60,541$53,669
11 years$82,113$73,430$65,565$58,463$52,067$45,514
12 years$74,500$65,907$58,188$51,280$45,121$38,880
13 years$68,064$59,561$51,987$45,273$39,346$33,411
14 years$62,552$54,139$46,710$40,188$34,490$28,853
15 years$57,780$49,457$42,173$35,841$30,368$25,020
16 years$53,608$45,376$38,236$32,091$26,839$21,772
17 years$49,930$41,789$34,793$28,834$23,798$19,002
18 years$46,665$38,615$31,762$25,985$21,160$16,626
19 years$43,747$35,788$29,077$23,480$18,860$14,580
20 years$41,124$33,256$26,685$21,265$16,846$12,809
21 years$38,754$30,977$24,545$19,300$15,076$11,271
22 years$36,602$28,916$22,622$17,548$13,513$9,932
23 years$34,641$27,044$20,887$15,981$12,130$8,763
24 years$32,845$25,339$19,317$14,576$10,903$7,740
25 years$31,196$23,779$17,892$13,311$9,811$6,843
26 years$29,676$22,349$16,594$12,171$8,837$6,055
27 years$28,271$21,033$15,409$11,141$7,968$5,362
28 years$26,968$19,819$14,324$10,207$7,189$4,751
29 years$25,758$18,697$13,330$9,360$6,492$4,212
30 years$24,630$17,657$12,416$8,590$5,866$3,736
31 years$23,578$16,692$11,576$7,890$5,303$3,315
32 years$22,593$15,794$10,800$7,251$4,797$2,943
33 years$21,669$14,957$10,084$6,668$4,341$2,613
34 years$20,802$14,176$9,422$6,135$3,931$2,321
35 years$19,986$13,446$8,809$5,647$3,560$2,063
36 years$19,218$12,762$8,241$5,201$3,226$1,833
37 years$18,492$12,121$7,713$4,792$2,924$1,630
38 years$17,806$11,519$7,223$4,417$2,650$1,449
39 years$17,158$10,954$6,767$4,073$2,403$1,289
40 years$16,543$10,421$6,343$3,757$2,180$1,146
41 years$15,959$9,920$5,948$3,466$1,978$1,019
42 years$15,405$9,448$5,579$3,199$1,795$907
43 years$14,878$9,002$5,235$2,953$1,629$807
44 years$14,377$8,581$4,914$2,726$1,478$718
45 years$13,899$8,182$4,614$2,518$1,342$639
46 years$13,443$7,806$4,334$2,326$1,219$569
47 years$13,008$7,449$4,071$2,149$1,107$506
48 years$12,592$7,111$3,826$1,985$1,005$450
49 years$12,194$6,791$3,596$1,835$913$401
50 years$11,814$6,487$3,381$1,696$829$357

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,100,000, adding $4,177 every year, while hoping to spend $55,937 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: 63/18/19 Blend
57$12,100,000$12,100,000$12,100,000$12,100,000
58$13,338,509$12,697,209$12,509,659$14,113,997
59$14,639,520$13,259,855$12,869,216$15,199,151
60$16,071,360$13,848,197$13,238,943$16,377,061
61$17,647,313$14,463,433$13,619,122$17,662,159
62$19,382,019$15,106,822$14,010,043$19,064,902
63$21,291,608$15,779,679$14,412,002$20,596,796
64$23,393,852$16,483,383$14,825,304$22,270,500
65$25,708,336$17,219,380$15,250,263$24,099,946
66$28,256,639$17,989,182$15,687,200$26,100,463
67$31,062,539$18,794,375$16,136,444$28,288,925
68$34,152,239$19,636,620$16,598,336$30,683,903
69$37,554,610$20,517,657$17,073,222$33,305,838
70$41,301,465$21,439,308$17,561,461$36,177,232
71$45,427,864$22,403,483$18,063,419$39,322,858
72$49,972,435$23,412,182$18,579,472$42,769,985
73$54,977,746$24,467,502$19,110,007$46,548,639
74$60,490,705$25,571,639$19,655,421$50,691,879
75$66,563,000$26,726,892$20,216,121$55,236,105
76$73,251,591$27,935,674$20,792,526$60,221,398
77$80,619,241$29,200,510$21,385,063$65,691,896
78$88,735,115$30,524,047$21,994,174$71,696,201
79$97,675,428$31,909,057$22,620,311$78,287,841
80$107,524,168$33,358,447$23,263,938$85,525,763
81$118,373,883$34,875,261$23,925,530$93,474,890
82$130,326,560$36,462,689$24,605,576$102,206,726
83$143,494,584$38,124,076$25,304,577$111,800,025
84$158,001,800$39,862,924$26,023,049$122,341,530
85$173,984,682$41,682,905$26,761,519$133,926,787
86$191,593,618$43,587,866$27,520,529$146,661,039
87$210,994,334$45,581,839$28,300,634$160,660,211
88$232,369,456$47,669,049$29,102,405$176,052,005
89$255,920,232$49,853,924$29,926,426$192,977,090
90$281,868,433$52,141,103$30,773,299$211,590,427
91$310,458,447$54,535,452$31,643,639$232,062,725
92$341,959,585$57,042,065$32,538,077$254,582,042
93$376,668,622$59,666,286$33,457,262$279,355,553
94$414,912,599$62,413,711$34,401,858$306,611,499
95$457,051,911$65,290,210$35,372,547$336,601,329
96$503,483,707$68,301,931$36,370,028$369,602,066
97$554,645,640$71,455,320$37,395,019$405,918,914
98$611,019,998$74,757,133$38,448,254$445,888,126
99$673,138,256$78,214,451$39,530,489$489,880,171
100$741,586,094$81,834,695$40,642,497$538,303,216