Can I retire at age 58 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$1,000,087
2 years$515,097$505,504$496,207$487,192$478,448$473,751
3 years$339,987$330,352$321,079$312,149$303,547$298,951
4 years$252,449$242,844$233,663$224,886$216,493$212,033
5 years$199,940$190,393$181,332$172,734$164,574$160,265
6 years$164,946$155,470$146,543$138,137$130,222$126,069
7 years$139,959$130,563$121,778$113,570$105,905$101,910
8 years$121,228$111,917$103,277$95,271$87,859$84,022
9 years$106,667$97,444$88,953$81,150$73,990$70,310
10 years$95,025$85,892$77,551$69,952$63,043$59,519
11 years$85,506$76,465$68,275$60,879$54,219$50,849
12 years$77,579$68,630$60,592$53,399$46,985$43,766
13 years$70,877$62,022$54,135$47,143$40,972$37,900
14 years$65,137$56,376$48,641$41,849$35,916$32,988
15 years$60,167$51,501$43,916$37,322$31,623$28,836
16 years$55,823$47,251$39,816$33,417$27,949$25,299
17 years$51,993$43,516$36,231$30,025$24,781$22,264
18 years$48,593$40,211$33,074$27,059$22,034$19,646
19 years$45,555$37,267$30,278$24,450$19,640$17,376
20 years$42,823$34,630$27,788$22,144$17,542$15,399
21 years$40,355$32,257$25,559$20,097$15,698$13,671
22 years$38,115$30,111$23,557$18,273$14,071$12,156
23 years$36,072$28,162$21,751$16,642$12,631$10,823
24 years$34,202$26,386$20,116$15,178$11,353$9,648
25 years$32,485$24,762$18,631$13,862$10,216$8,609
26 years$30,902$23,272$17,279$12,674$9,202$7,689
27 years$29,439$21,902$16,045$11,601$8,297$6,873
28 years$28,083$20,638$14,916$10,629$7,486$6,149
29 years$26,822$19,470$13,881$9,747$6,760$5,504
30 years$25,648$18,387$12,930$8,945$6,108$4,930
31 years$24,552$17,382$12,054$8,216$5,522$4,417
32 years$23,526$16,447$11,246$7,550$4,995$3,960
33 years$22,565$15,575$10,501$6,943$4,521$3,552
34 years$21,662$14,762$9,811$6,388$4,093$3,187
35 years$20,812$14,001$9,173$5,881$3,707$2,860
36 years$20,012$13,289$8,581$5,416$3,359$2,568
37 years$19,256$12,622$8,032$4,990$3,044$2,306
38 years$18,542$11,995$7,521$4,600$2,760$2,071
39 years$17,867$11,406$7,047$4,241$2,503$1,861
40 years$17,226$10,852$6,605$3,912$2,270$1,672
41 years$16,619$10,330$6,193$3,609$2,060$1,503
42 years$16,042$9,838$5,810$3,331$1,869$1,351
43 years$15,493$9,374$5,451$3,075$1,696$1,214
44 years$14,971$8,935$5,117$2,839$1,540$1,092
45 years$14,473$8,520$4,805$2,622$1,398$982
46 years$13,998$8,128$4,513$2,422$1,269$883
47 years$13,545$7,757$4,240$2,237$1,152$794
48 years$13,112$7,405$3,984$2,068$1,046$714
49 years$12,698$7,071$3,745$1,911$950$643
50 years$12,302$6,755$3,521$1,766$863$578

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,600,000, adding $2,791 every year, while hoping to spend $55,789 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: 70/13/17 Blend
57$12,600,000$12,600,000$12,600,000$12,600,000
58$13,888,079$13,220,279$13,024,979$14,804,297
59$15,245,304$13,808,714$13,401,957$16,002,933
60$16,739,096$14,424,112$13,789,693$17,307,445
61$18,383,326$15,067,735$14,188,490$18,733,803
62$20,193,278$15,740,907$14,598,658$20,294,031
63$22,185,794$16,445,013$15,020,514$22,001,366
64$24,379,429$17,181,502$15,454,385$23,870,376
65$26,794,631$17,951,897$15,900,607$25,917,103
66$29,453,932$18,757,788$16,359,526$28,159,205
67$32,382,158$19,600,845$16,831,495$30,616,123
68$35,606,667$20,482,815$17,316,879$33,309,263
69$39,157,604$21,405,530$17,816,052$36,262,195
70$43,068,187$22,370,908$18,329,397$39,500,872
71$47,375,019$23,380,960$18,857,309$43,053,874
72$52,118,435$24,437,791$19,400,193$46,952,674
73$57,342,882$25,543,609$19,958,466$51,231,932
74$63,097,336$26,700,726$20,532,554$55,929,819
75$69,435,766$27,911,563$21,122,897$61,088,375
76$76,417,645$29,178,661$21,729,945$66,753,902
77$84,108,508$30,504,679$22,354,161$72,977,399
78$92,580,571$31,892,403$22,996,021$79,815,037
79$101,913,414$33,344,756$23,656,012$87,328,688
80$112,194,730$34,864,797$24,334,637$95,586,504
81$123,521,155$36,455,733$25,032,409$104,663,558
82$135,999,175$38,120,927$25,749,856$114,642,546
83$149,746,137$39,863,898$26,487,523$125,614,564
84$164,891,353$41,688,340$27,245,966$137,679,966
85$181,577,322$43,598,119$28,025,756$150,949,303
86$199,961,071$45,597,289$28,827,481$165,544,363
87$220,215,643$47,690,099$29,651,744$181,599,316
88$242,531,725$49,881,001$30,499,165$199,261,974
89$267,119,451$52,174,660$31,370,377$218,695,184
90$294,210,385$54,575,968$32,266,034$240,078,355
91$324,059,703$57,090,049$33,186,805$263,609,147
92$356,948,608$59,722,276$34,133,378$289,505,334
93$393,186,977$62,478,279$35,106,457$318,006,847
94$433,116,292$65,363,959$36,106,767$349,378,039
95$477,112,862$68,385,500$37,135,052$383,910,167
96$525,591,371$71,549,387$38,192,073$421,924,138
97$579,008,797$74,862,413$39,278,614$463,773,529
98$637,868,724$78,331,702$40,395,478$509,847,919
99$702,726,097$81,964,718$41,543,489$560,576,553
100$774,192,457$85,769,286$42,723,493$616,432,393