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%19.9%
1 years$999,207$990,306$981,623$973,147$964,871$926,589
2 years$494,657$485,444$476,516$467,859$459,462$421,368
3 years$326,495$317,243$308,337$299,762$291,502$254,795
4 years$242,431$233,207$224,391$215,962$207,902$172,862
5 years$192,006$182,837$174,136$165,879$158,043$124,760
6 years$158,400$149,300$140,728$132,655$125,054$93,548
7 years$134,405$125,382$116,946$109,063$101,703$71,962
8 years$116,417$107,476$99,179$91,490$84,372$56,367
9 years$102,434$93,577$85,423$77,929$71,054$44,742
10 years$91,254$82,484$74,474$67,176$60,541$35,871
11 years$82,113$73,430$65,565$58,463$52,067$28,982
12 years$74,500$65,907$58,188$51,280$45,121$23,557
13 years$68,064$59,561$51,987$45,273$39,346$19,239
14 years$62,552$54,139$46,710$40,188$34,490$15,773
15 years$57,780$49,457$42,173$35,841$30,368$12,971
16 years$53,608$45,376$38,236$32,091$26,839$10,693
17 years$49,930$41,789$34,793$28,834$23,798$8,834
18 years$46,665$38,615$31,762$25,985$21,160$7,309
19 years$43,747$35,788$29,077$23,480$18,860$6,056
20 years$41,124$33,256$26,685$21,265$16,846$5,024
21 years$38,754$30,977$24,545$19,300$15,076$4,171
22 years$36,602$28,916$22,622$17,548$13,513$3,466
23 years$34,641$27,044$20,887$15,981$12,130$2,882
24 years$32,845$25,339$19,317$14,576$10,903$2,397
25 years$31,196$23,779$17,892$13,311$9,811$1,995
26 years$29,676$22,349$16,594$12,171$8,837$1,661
27 years$28,271$21,033$15,409$11,141$7,968$1,383
28 years$26,968$19,819$14,324$10,207$7,189$1,152
29 years$25,758$18,697$13,330$9,360$6,492$960
30 years$24,630$17,657$12,416$8,590$5,866$800
31 years$23,578$16,692$11,576$7,890$5,303$667
32 years$22,593$15,794$10,800$7,251$4,797$556
33 years$21,669$14,957$10,084$6,668$4,341$463
34 years$20,802$14,176$9,422$6,135$3,931$386
35 years$19,986$13,446$8,809$5,647$3,560$322
36 years$19,218$12,762$8,241$5,201$3,226$268
37 years$18,492$12,121$7,713$4,792$2,924$224
38 years$17,806$11,519$7,223$4,417$2,650$187
39 years$17,158$10,954$6,767$4,073$2,403$156
40 years$16,543$10,421$6,343$3,757$2,180$130
41 years$15,959$9,920$5,948$3,466$1,978$108
42 years$15,405$9,448$5,579$3,199$1,795$90
43 years$14,878$9,002$5,235$2,953$1,629$75
44 years$14,377$8,581$4,914$2,726$1,478$63
45 years$13,899$8,182$4,614$2,518$1,342$52
46 years$13,443$7,806$4,334$2,326$1,219$44
47 years$13,008$7,449$4,071$2,149$1,107$36
48 years$12,592$7,111$3,826$1,985$1,005$30
49 years$12,194$6,791$3,596$1,835$913$25
50 years$11,814$6,487$3,381$1,696$829$21

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 $2,757 every year, while hoping to spend $26,168 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: 76/13/11 Blend
57$12,100,000$12,100,000$12,100,000$12,100,000
58$13,337,044$12,695,744$12,508,194$14,323,105
59$14,669,580$13,289,993$12,899,376$15,567,327
60$16,137,157$13,912,483$13,302,785$16,927,280
61$17,753,523$14,564,570$13,718,804$18,417,318
62$19,533,825$15,247,677$14,147,827$20,050,367
63$21,494,755$15,963,293$14,590,259$21,840,656
64$23,654,707$16,712,981$15,046,520$23,803,851
65$26,033,951$17,498,380$15,517,041$25,957,200
66$28,654,820$18,321,208$16,002,269$28,319,695
67$31,541,929$19,183,264$16,502,662$30,912,248
68$34,722,398$20,086,437$17,018,694$33,757,884
69$38,226,116$21,032,705$17,550,853$36,881,961
70$42,086,018$22,024,145$18,099,644$40,312,402
71$46,338,395$23,062,932$18,665,586$44,079,960
72$51,023,243$24,151,347$19,249,215$48,218,502
73$56,184,632$25,291,782$19,851,082$52,765,328
74$61,871,130$26,486,745$20,471,759$57,761,521
75$68,136,254$27,738,863$21,111,831$63,252,327
76$75,038,979$29,050,896$21,771,905$69,287,587
77$82,644,297$30,425,731$22,452,606$75,922,194
78$91,023,824$31,866,401$23,154,577$83,216,618
79$100,256,483$33,376,083$23,878,484$91,237,465
80$110,429,241$34,958,109$24,625,010$100,058,106
81$121,637,939$36,615,971$25,394,863$109,759,366
82$133,988,189$38,353,334$26,188,771$120,430,278
83$147,596,374$40,174,037$27,007,485$132,168,928
84$162,590,748$42,082,109$27,851,780$145,083,365
85$179,112,644$44,081,772$28,722,454$159,292,626
86$197,317,809$46,177,454$29,620,331$174,927,852
87$217,377,875$48,373,798$30,546,262$192,133,515
88$239,481,977$50,675,673$31,501,120$211,068,785
89$263,838,542$53,088,184$32,485,811$231,909,023
90$290,677,252$55,616,684$33,501,265$254,847,428
91$320,251,217$58,266,787$34,548,443$280,096,859
92$352,839,361$61,044,379$35,628,335$307,891,836
93$388,749,054$63,955,632$36,741,962$338,490,746
94$428,319,019$67,007,019$37,890,379$372,178,279
95$471,922,523$70,205,328$39,074,671$409,268,103
96$519,970,906$73,557,674$40,295,958$450,105,821
97$572,917,461$77,071,523$41,555,396$495,072,224
98$631,261,715$80,754,700$42,854,174$544,586,880
99$695,554,142$84,615,414$44,193,522$599,112,080
100$766,401,365$88,662,269$45,574,705$659,157,202