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%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$968,354
2 years$511,009$501,492$492,268$483,326$474,651$446,246
3 years$337,289$327,731$318,530$309,671$301,138$273,631
4 years$250,446$240,917$231,808$223,101$214,774$188,377
5 years$198,353$188,882$179,893$171,363$163,268$138,052
6 years$163,636$154,236$145,380$137,040$129,188$105,178
7 years$138,848$129,527$120,812$112,668$105,065$82,259
8 years$120,266$111,029$102,458$94,515$87,161$65,548
9 years$105,820$96,670$88,247$80,506$73,402$52,960
10 years$94,271$85,210$76,936$69,397$62,543$43,243
11 years$84,827$75,858$67,733$60,396$53,789$35,601
12 years$76,963$68,086$60,111$52,975$46,612$29,501
13 years$70,314$61,530$53,705$46,769$40,647$24,575
14 years$64,620$55,929$48,255$41,516$35,631$20,558
15 years$59,690$51,092$43,567$37,025$31,372$17,258
16 years$55,380$46,876$39,500$33,152$27,727$14,529
17 years$51,581$43,171$35,944$29,787$24,584$12,261
18 years$48,208$39,892$32,812$26,844$21,859$10,367
19 years$45,193$36,971$30,038$24,256$19,484$8,781
20 years$42,484$34,356$27,567$21,968$17,403$7,447
21 years$40,035$32,001$25,356$19,938$15,574$6,323
22 years$37,812$29,872$23,370$18,128$13,960$5,375
23 years$35,786$27,938$21,578$16,509$12,531$4,572
24 years$33,931$26,176$19,956$15,058$11,263$3,892
25 years$32,227$24,565$18,483$13,752$10,135$3,315
26 years$30,657$23,087$17,142$12,574$9,129$2,825
27 years$29,205$21,728$15,918$11,509$8,231$2,409
28 years$27,860$20,474$14,798$10,545$7,427$2,054
29 years$26,609$19,315$13,771$9,670$6,706$1,753
30 years$25,445$18,241$12,827$8,874$6,060$1,496
31 years$24,357$17,244$11,958$8,150$5,478$1,277
32 years$23,340$16,316$11,157$7,490$4,956$1,090
33 years$22,386$15,452$10,418$6,888$4,485$931
34 years$21,490$14,645$9,734$6,338$4,061$795
35 years$20,647$13,890$9,100$5,834$3,678$679
36 years$19,853$13,184$8,513$5,373$3,332$580
37 years$19,103$12,522$7,968$4,951$3,020$495
38 years$18,395$11,900$7,462$4,563$2,738$423
39 years$17,725$11,316$6,991$4,207$2,483$362
40 years$17,089$10,766$6,552$3,881$2,252$309
41 years$16,487$10,248$6,144$3,580$2,043$264
42 years$15,914$9,760$5,763$3,304$1,854$226
43 years$15,370$9,299$5,408$3,050$1,683$193
44 years$14,852$8,864$5,077$2,816$1,527$165
45 years$14,358$8,453$4,767$2,601$1,387$141
46 years$13,887$8,064$4,477$2,403$1,259$120
47 years$13,438$7,695$4,206$2,220$1,143$103
48 years$13,008$7,346$3,953$2,051$1,038$88
49 years$12,597$7,015$3,715$1,896$943$75
50 years$12,204$6,701$3,493$1,752$856$64

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 $4,239 every year, while hoping to spend $55,257 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: 37/41/22 Blend
57$12,500,000$12,500,000$12,500,000$12,500,000
58$13,779,373$13,116,873$12,923,123$14,197,882
59$15,126,076$13,700,806$13,297,254$15,087,316
60$16,608,290$14,311,501$13,682,067$16,041,943
61$18,239,780$14,950,209$14,077,861$17,071,985
62$20,035,712$15,618,243$14,484,944$18,184,260
63$22,012,797$16,316,979$14,903,631$19,386,245
64$24,189,447$17,047,856$15,334,248$20,686,142
65$26,585,953$17,812,383$15,777,127$22,092,947
66$29,224,672$18,612,142$16,232,613$23,616,536
67$32,130,239$19,448,787$16,701,056$25,267,744
68$35,329,800$20,324,055$17,182,818$27,058,471
69$38,853,269$21,239,763$17,678,272$29,001,777
70$42,733,606$22,197,814$18,187,797$31,112,010
71$47,007,132$23,200,206$18,711,787$33,404,925
72$51,713,871$24,249,027$19,250,643$35,897,834
73$56,897,926$25,346,470$19,804,780$38,609,754
74$62,607,895$26,494,828$20,374,621$41,561,585
75$68,897,332$27,696,506$20,960,602$44,776,297
76$75,825,250$28,954,025$21,563,173$48,279,137
77$83,456,678$30,270,025$22,182,791$52,097,861
78$91,863,275$31,647,272$22,819,931$56,262,985
79$101,124,006$33,088,665$23,475,076$60,808,062
80$111,325,889$34,597,243$24,148,724$65,769,994
81$122,564,811$36,176,190$24,841,388$71,189,364
82$134,946,439$37,828,841$25,553,592$77,110,810
83$148,587,214$39,558,692$26,285,875$83,583,437
84$163,615,449$41,369,407$27,038,791$90,661,265
85$180,172,543$43,264,826$27,812,909$98,403,729
86$198,414,313$45,248,973$28,608,812$106,876,224
87$218,512,464$47,326,064$29,427,099$116,150,714
88$240,656,214$49,500,519$30,268,385$126,306,388
89$265,054,073$51,776,971$31,133,301$137,430,403
90$291,935,818$54,160,272$32,022,497$149,618,683
91$321,554,658$56,655,512$32,936,636$162,976,810
92$354,189,623$59,268,021$33,876,403$177,621,005
93$390,148,200$62,003,390$34,842,499$193,679,208
94$429,769,237$64,867,477$35,835,643$211,292,262
95$473,426,136$67,866,419$36,856,573$230,615,227
96$521,530,382$71,006,654$37,906,049$251,818,824
97$574,535,426$74,294,926$38,984,847$275,091,021
98$632,940,967$77,738,305$40,093,767$300,638,787
99$697,297,666$81,344,202$41,233,628$328,690,022
100$768,212,344$85,120,384$42,405,271$359,495,685