Can I retire at age 58 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,007,465$998,491$989,735$981,190$972,845$962,685
2 years$498,745$489,456$480,454$471,726$463,260$453,028
3 years$329,194$319,865$310,886$302,239$293,911$283,926
4 years$244,435$235,135$226,245$217,746$209,620$199,957
5 years$193,593$184,348$175,575$167,250$159,350$150,038
6 years$159,709$150,534$141,891$133,751$126,088$117,139
7 years$135,516$126,419$117,912$109,964$102,543$93,961
8 years$117,379$108,364$99,999$92,246$85,069$76,853
9 years$103,281$94,350$86,129$78,573$71,641$63,788
10 years$92,008$83,165$75,089$67,731$61,042$53,546
11 years$82,791$74,037$66,107$58,946$52,498$45,354
12 years$75,116$66,452$58,669$51,704$45,493$38,695
13 years$68,627$60,053$52,416$45,647$39,671$33,209
14 years$63,069$54,586$47,096$40,520$34,776$28,641
15 years$58,257$49,866$42,522$36,137$30,619$24,802
16 years$54,051$45,751$38,552$32,357$27,061$21,553
17 years$50,343$42,135$35,081$29,072$23,994$18,784
18 years$47,051$38,934$32,024$26,200$21,335$16,413
19 years$44,109$36,084$29,317$23,674$19,016$14,371
20 years$41,464$33,531$26,906$21,441$16,986$12,607
21 years$39,074$31,233$24,748$19,459$15,200$11,077
22 years$36,905$29,155$22,809$17,693$13,625$9,747
23 years$34,927$27,268$21,060$16,113$12,230$8,587
24 years$33,116$25,548$19,477$14,696$10,993$7,572
25 years$31,453$23,976$18,040$13,421$9,892$6,684
26 years$29,921$22,533$16,731$12,272$8,910$5,905
27 years$28,504$21,206$15,536$11,233$8,033$5,221
28 years$27,191$19,983$14,443$10,292$7,249$4,618
29 years$25,971$18,851$13,440$9,438$6,545$4,088
30 years$24,834$17,803$12,519$8,661$5,914$3,620
31 years$23,772$16,830$11,671$7,955$5,347$3,207
32 years$22,779$15,925$10,889$7,311$4,837$2,842
33 years$21,848$15,081$10,167$6,723$4,377$2,520
34 years$20,974$14,293$9,500$6,186$3,963$2,235
35 years$20,152$13,557$8,882$5,694$3,590$1,982
36 years$19,376$12,867$8,309$5,244$3,252$1,759
37 years$18,645$12,221$7,777$4,832$2,948$1,561
38 years$17,954$11,614$7,283$4,454$2,672$1,385
39 years$17,299$11,044$6,823$4,106$2,423$1,230
40 years$16,679$10,508$6,395$3,788$2,198$1,092
41 years$16,091$10,002$5,997$3,495$1,994$970
42 years$15,532$9,526$5,625$3,225$1,809$861
43 years$15,001$9,076$5,278$2,977$1,642$765
44 years$14,495$8,651$4,955$2,749$1,491$679
45 years$14,013$8,250$4,652$2,539$1,353$604
46 years$13,554$7,870$4,370$2,345$1,229$536
47 years$13,115$7,511$4,105$2,166$1,116$476
48 years$12,696$7,170$3,858$2,002$1,013$423
49 years$12,295$6,847$3,626$1,850$920$376
50 years$11,911$6,540$3,409$1,710$836$334

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,200,000, adding $2,010 every year, while hoping to spend $50,146 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: 62/8/30 Blend
57$12,200,000$12,200,000$12,200,000$12,200,000
58$13,446,473$12,799,873$12,610,773$14,171,144
59$14,764,659$13,373,712$12,979,879$15,238,658
60$16,215,618$13,973,988$13,359,670$16,398,271
61$17,812,842$14,601,945$13,750,449$17,663,551
62$19,571,194$15,258,882$14,152,532$19,044,862
63$21,507,054$15,946,166$14,566,240$20,553,608
64$23,638,469$16,665,223$14,991,904$22,202,343
65$25,985,325$17,417,552$15,429,865$24,004,887
66$28,569,537$18,204,720$15,880,474$25,976,450
67$31,415,250$19,028,371$16,344,090$28,133,781
68$34,549,071$19,890,228$16,821,083$30,495,318
69$38,000,321$20,792,093$17,311,834$33,081,363
70$41,801,306$21,735,858$17,816,733$35,914,270
71$45,987,628$22,723,504$18,336,182$39,018,653
72$50,598,516$23,757,105$18,870,594$42,421,619
73$55,677,199$24,838,838$19,420,393$46,153,017
74$61,271,314$25,970,981$19,986,017$50,245,722
75$67,433,352$27,155,924$20,567,912$54,735,936
76$74,221,157$28,396,167$21,166,541$59,663,535
77$81,698,471$29,694,335$21,782,376$65,072,437
78$89,935,534$31,053,177$22,415,905$71,011,014
79$99,009,748$32,475,571$23,067,626$77,532,548
80$109,006,406$33,964,538$23,738,056$84,695,726
81$120,019,500$35,523,241$24,427,721$92,565,199
82$132,152,604$37,154,995$25,137,165$101,212,177
83$145,519,855$38,863,275$25,866,945$110,715,110
84$160,247,028$40,651,723$26,617,636$121,160,415
85$176,472,723$42,524,156$27,389,824$132,643,292
86$194,349,674$44,484,573$28,184,117$145,268,620
87$214,046,192$46,537,168$29,001,136$159,151,939
88$235,747,749$48,686,335$29,841,520$174,420,539
89$259,658,734$50,936,680$30,705,925$191,214,657
90$286,004,377$53,293,030$31,595,027$209,688,794
91$315,032,881$55,760,446$32,509,517$230,013,172
92$347,017,758$58,344,231$33,450,109$252,375,331
93$382,260,415$61,049,944$34,417,533$276,981,898
94$421,092,999$63,883,412$35,412,542$304,060,533
95$463,881,530$66,850,745$36,435,908$333,862,066
96$511,029,358$69,958,344$37,488,423$366,662,866
97$562,980,970$73,212,920$38,570,902$402,767,441
98$620,226,185$76,621,509$39,684,183$442,511,305
99$683,304,778$80,191,485$40,829,126$486,264,140
100$752,811,576$83,930,579$42,006,613$534,433,278