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

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$965,634
2 years$511,009$501,492$492,268$483,326$474,651$443,562
3 years$337,289$327,731$318,530$309,671$301,138$271,068
4 years$250,446$240,917$231,808$223,101$214,774$185,954
5 years$198,353$188,882$179,893$171,363$163,268$135,775
6 years$163,636$154,236$145,380$137,040$129,188$103,047
7 years$138,848$129,527$120,812$112,668$105,065$80,272
8 years$120,266$111,029$102,458$94,515$87,161$63,702
9 years$105,820$96,670$88,247$80,506$73,402$51,250
10 years$94,271$85,210$76,936$69,397$62,543$41,664
11 years$84,827$75,858$67,733$60,396$53,789$34,147
12 years$76,963$68,086$60,111$52,975$46,612$28,165
13 years$70,314$61,530$53,705$46,769$40,647$23,351
14 years$64,620$55,929$48,255$41,516$35,631$19,440
15 years$59,690$51,092$43,567$37,025$31,372$16,239
16 years$55,380$46,876$39,500$33,152$27,727$13,603
17 years$51,581$43,171$35,944$29,787$24,584$11,420
18 years$48,208$39,892$32,812$26,844$21,859$9,606
19 years$45,193$36,971$30,038$24,256$19,484$8,093
20 years$42,484$34,356$27,567$21,968$17,403$6,828
21 years$40,035$32,001$25,356$19,938$15,574$5,766
22 years$37,812$29,872$23,370$18,128$13,960$4,874
23 years$35,786$27,938$21,578$16,509$12,531$4,124
24 years$33,931$26,176$19,956$15,058$11,263$3,491
25 years$32,227$24,565$18,483$13,752$10,135$2,957
26 years$30,657$23,087$17,142$12,574$9,129$2,506
27 years$29,205$21,728$15,918$11,509$8,231$2,124
28 years$27,860$20,474$14,798$10,545$7,427$1,801
29 years$26,609$19,315$13,771$9,670$6,706$1,528
30 years$25,445$18,241$12,827$8,874$6,060$1,297
31 years$24,357$17,244$11,958$8,150$5,478$1,100
32 years$23,340$16,316$11,157$7,490$4,956$934
33 years$22,386$15,452$10,418$6,888$4,485$793
34 years$21,490$14,645$9,734$6,338$4,061$673
35 years$20,647$13,890$9,100$5,834$3,678$572
36 years$19,853$13,184$8,513$5,373$3,332$485
37 years$19,103$12,522$7,968$4,951$3,020$412
38 years$18,395$11,900$7,462$4,563$2,738$350
39 years$17,725$11,316$6,991$4,207$2,483$297
40 years$17,089$10,766$6,552$3,881$2,252$253
41 years$16,487$10,248$6,144$3,580$2,043$215
42 years$15,914$9,760$5,763$3,304$1,854$182
43 years$15,370$9,299$5,408$3,050$1,683$155
44 years$14,852$8,864$5,077$2,816$1,527$132
45 years$14,358$8,453$4,767$2,601$1,387$112
46 years$13,887$8,064$4,477$2,403$1,259$95
47 years$13,438$7,695$4,206$2,220$1,143$81
48 years$13,008$7,346$3,953$2,051$1,038$68
49 years$12,597$7,015$3,715$1,896$943$58
50 years$12,204$6,701$3,493$1,752$856$49

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 $5,633 every year, while hoping to spend $32,699 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: 36/49/15 Blend
57$12,500,000$12,500,000$12,500,000$12,500,000
58$13,780,810$13,118,310$12,924,560$14,213,314
59$15,151,662$13,726,316$13,322,742$15,134,077
60$16,661,244$14,363,018$13,733,166$16,123,927
61$18,323,673$15,029,788$14,156,209$17,191,829
62$20,154,503$15,728,064$14,592,258$18,344,752
63$22,170,876$16,459,352$15,041,712$19,590,333
64$24,391,678$17,225,233$15,504,982$20,936,940
65$26,837,722$18,027,362$15,982,492$22,393,747
66$29,531,942$18,867,476$16,474,678$23,970,813
67$32,499,612$19,747,393$16,981,991$25,679,169
68$35,768,578$20,669,022$17,504,894$27,530,915
69$39,369,531$21,634,362$18,043,866$29,539,329
70$43,336,287$22,645,509$18,599,399$31,718,979
71$47,706,110$23,704,661$19,172,001$34,085,859
72$52,520,065$24,814,121$19,762,194$36,657,524
73$57,823,403$25,976,305$20,370,520$39,453,252
74$63,665,990$27,193,743$20,997,532$42,494,213
75$70,102,775$28,469,091$21,643,804$45,803,659
76$77,194,313$29,805,132$22,309,926$49,407,136
77$85,007,331$31,204,781$22,996,506$53,332,709
78$93,615,361$32,671,098$23,704,172$57,611,220
79$103,099,435$34,207,288$24,433,568$62,276,564
80$113,548,846$35,816,715$25,185,362$67,365,996
81$125,061,996$37,502,901$25,960,239$72,920,473
82$137,747,318$39,269,542$26,758,906$78,985,021
83$151,724,307$41,120,512$27,582,091$85,609,151
84$167,124,642$43,059,872$28,430,547$92,847,306
85$184,093,431$45,091,881$29,305,046$100,759,362
86$202,790,582$47,221,005$30,206,386$109,411,179
87$223,392,310$49,451,923$31,135,389$118,875,196
88$246,092,804$51,789,545$32,092,902$129,231,107
89$271,106,053$54,239,016$33,079,797$140,566,586
90$298,667,875$56,805,732$34,096,975$152,978,101
91$329,038,137$59,495,352$35,145,362$166,571,797
92$362,503,208$62,313,805$36,225,914$181,464,480
93$399,378,667$65,267,314$37,339,614$197,784,697
94$440,012,278$68,362,398$38,487,477$215,673,922
95$484,787,271$71,605,897$39,670,548$235,287,867
96$534,125,967$75,004,980$40,889,906$256,797,928
97$588,493,757$78,567,165$42,146,659$280,392,772
98$648,403,500$82,300,336$43,441,952$306,280,089
99$714,420,363$86,212,759$44,776,964$334,688,525
100$787,167,157$90,313,102$46,152,909$365,869,806