Can I retire at age 58 with 12,500,000?

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 $12,500,000?

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$1,032,238$1,023,044$1,014,073$1,005,317$996,768$986,769
2 years$511,009$501,492$492,268$483,326$474,651$464,580
3 years$337,289$327,731$318,530$309,671$301,138$291,308
4 years$250,446$240,917$231,808$223,101$214,774$205,260
5 years$198,353$188,882$179,893$171,363$163,268$154,098
6 years$163,636$154,236$145,380$137,040$129,188$120,373
7 years$138,848$129,527$120,812$112,668$105,065$96,609
8 years$120,266$111,029$102,458$94,515$87,161$79,064
9 years$105,820$96,670$88,247$80,506$73,402$65,661
10 years$94,271$85,210$76,936$69,397$62,543$55,152
11 years$84,827$75,858$67,733$60,396$53,789$46,744
12 years$76,963$68,086$60,111$52,975$46,612$39,905
13 years$70,314$61,530$53,705$46,769$40,647$34,270
14 years$64,620$55,929$48,255$41,516$35,631$29,575
15 years$59,690$51,092$43,567$37,025$31,372$25,629
16 years$55,380$46,876$39,500$33,152$27,727$22,287
17 years$51,581$43,171$35,944$29,787$24,584$19,437
18 years$48,208$39,892$32,812$26,844$21,859$16,995
19 years$45,193$36,971$30,038$24,256$19,484$14,892
20 years$42,484$34,356$27,567$21,968$17,403$13,074
21 years$40,035$32,001$25,356$19,938$15,574$11,496
22 years$37,812$29,872$23,370$18,128$13,960$10,123
23 years$35,786$27,938$21,578$16,509$12,531$8,925
24 years$33,931$26,176$19,956$15,058$11,263$7,877
25 years$32,227$24,565$18,483$13,752$10,135$6,958
26 years$30,657$23,087$17,142$12,574$9,129$6,152
27 years$29,205$21,728$15,918$11,509$8,231$5,443
28 years$27,860$20,474$14,798$10,545$7,427$4,819
29 years$26,609$19,315$13,771$9,670$6,706$4,269
30 years$25,445$18,241$12,827$8,874$6,060$3,783
31 years$24,357$17,244$11,958$8,150$5,478$3,354
32 years$23,340$16,316$11,157$7,490$4,956$2,975
33 years$22,386$15,452$10,418$6,888$4,485$2,640
34 years$21,490$14,645$9,734$6,338$4,061$2,343
35 years$20,647$13,890$9,100$5,834$3,678$2,080
36 years$19,853$13,184$8,513$5,373$3,332$1,847
37 years$19,103$12,522$7,968$4,951$3,020$1,641
38 years$18,395$11,900$7,462$4,563$2,738$1,458
39 years$17,725$11,316$6,991$4,207$2,483$1,295
40 years$17,089$10,766$6,552$3,881$2,252$1,151
41 years$16,487$10,248$6,144$3,580$2,043$1,023
42 years$15,914$9,760$5,763$3,304$1,854$909
43 years$15,370$9,299$5,408$3,050$1,683$808
44 years$14,852$8,864$5,077$2,816$1,527$719
45 years$14,358$8,453$4,767$2,601$1,387$639
46 years$13,887$8,064$4,477$2,403$1,259$568
47 years$13,438$7,695$4,206$2,220$1,143$505
48 years$13,008$7,346$3,953$2,051$1,038$449
49 years$12,597$7,015$3,715$1,896$943$399
50 years$12,204$6,701$3,493$1,752$856$355

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,500,000, adding $4,990 every year, while hoping to spend $49,551 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: 26/46/28 Blend
57$12,500,000$12,500,000$12,500,000$12,500,000
58$13,780,147$13,117,647$12,923,897$14,017,694
59$15,133,000$13,707,690$13,304,126$14,803,445
60$16,622,184$14,324,984$13,695,431$15,641,328
61$18,261,551$14,970,813$14,098,133$16,539,311
62$20,066,366$15,646,520$14,512,558$17,502,512
63$22,053,450$16,353,514$14,939,043$18,536,527
64$24,241,337$17,093,271$15,377,935$19,647,479
65$26,650,448$17,867,336$15,829,591$20,842,069
66$29,303,289$18,677,331$16,294,378$22,127,633
67$32,224,656$19,524,951$16,772,671$23,512,202
68$35,441,874$20,411,977$17,264,858$25,004,579
69$38,985,052$21,340,271$17,771,338$26,614,403
70$42,887,371$22,311,788$18,292,521$28,352,243
71$47,185,390$23,328,572$18,828,828$30,229,683
72$51,919,397$24,392,770$19,380,691$32,259,428
73$57,133,787$25,506,627$19,948,556$34,455,410
74$62,877,482$26,672,500$20,532,881$36,832,916
75$69,204,389$27,892,857$21,134,136$39,408,718
76$76,173,913$29,170,283$21,752,806$42,201,225
77$83,851,514$30,507,489$22,389,387$45,230,645
78$92,309,329$31,907,316$23,044,392$48,519,165
79$101,626,846$33,372,741$23,718,345$52,091,150
80$111,891,663$34,906,883$24,411,788$55,973,359
81$123,200,305$36,513,013$25,125,276$60,195,189
82$135,659,144$38,194,558$25,859,380$64,788,935
83$149,385,394$39,955,110$26,614,687$69,790,086
84$164,508,227$41,798,432$27,391,801$75,237,642
85$181,169,982$43,728,471$28,191,342$81,174,471
86$199,527,516$45,749,363$29,013,949$87,647,696
87$219,753,683$47,865,441$29,860,276$94,709,124
88$242,038,960$50,081,250$30,730,997$102,415,719
89$266,593,254$52,401,551$31,626,805$110,830,120
90$293,647,874$54,831,335$32,548,411$120,021,219
91$323,457,722$57,375,836$33,496,548$130,064,786
92$356,303,695$60,040,536$34,471,967$141,044,167
93$392,495,335$62,831,186$35,475,441$153,051,051
94$432,373,755$65,753,810$36,507,764$166,186,311
95$476,314,857$68,814,725$37,569,753$180,560,935
96$524,732,879$72,020,553$38,662,247$196,297,050
97$578,084,307$75,378,235$39,786,106$213,529,045
98$636,872,184$78,895,046$40,942,219$232,404,821
99$701,650,858$82,578,615$42,131,494$253,087,153
100$773,031,214$86,436,936$43,354,868$275,755,203