Can I retire at age 58 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,007,178
2 years$519,185$509,516$500,145$491,059$482,246$476,658
3 years$342,685$332,974$323,627$314,626$305,956$300,491
4 years$254,453$244,771$235,517$226,670$218,211$212,911
5 years$201,527$191,904$182,771$174,105$165,880$160,761
6 years$166,255$156,704$147,706$139,233$131,255$126,323
7 years$141,070$131,600$122,745$114,471$106,746$102,003
8 years$122,190$112,805$104,097$96,027$88,556$84,003
9 years$107,513$98,217$89,659$81,794$74,577$70,213
10 years$95,779$86,574$78,167$70,507$63,543$59,366
11 years$86,184$77,071$68,817$61,362$54,649$50,656
12 years$78,195$69,175$61,073$53,823$47,358$43,545
13 years$71,439$62,514$54,565$47,517$41,297$37,661
14 years$65,654$56,824$49,027$42,181$36,201$32,738
15 years$60,645$51,909$44,264$37,618$31,874$28,579
16 years$56,266$47,626$40,132$33,683$28,170$25,039
17 years$52,406$43,862$36,519$30,264$24,978$22,006
18 years$48,979$40,530$33,337$27,274$22,209$19,391
19 years$45,916$37,563$30,518$24,644$19,795$17,126
20 years$43,163$34,905$28,008$22,320$17,682$15,156
21 years$40,676$32,513$25,762$20,257$15,823$13,435
22 years$38,417$30,350$23,744$18,418$14,183$11,928
23 years$36,358$28,385$21,923$16,774$12,732$10,604
24 years$34,474$26,595$20,275$15,299$11,443$9,438
25 years$32,743$24,958$18,779$13,972$10,297$8,409
26 years$31,147$23,457$17,417$12,775$9,276$7,499
27 years$29,672$22,076$16,173$11,693$8,363$6,693
28 years$28,306$20,802$15,035$10,713$7,546$5,978
29 years$27,035$19,624$13,991$9,824$6,814$5,343
30 years$25,852$18,533$13,032$9,016$6,157$4,777
31 years$24,747$17,520$12,150$8,281$5,566$4,274
32 years$23,713$16,577$11,336$7,610$5,035$3,826
33 years$22,744$15,699$10,584$6,998$4,557$3,425
34 years$21,834$14,879$9,889$6,439$4,126$3,068
35 years$20,977$14,112$9,246$5,927$3,737$2,749
36 years$20,171$13,395$8,649$5,459$3,386$2,464
37 years$19,409$12,722$8,095$5,030$3,068$2,209
38 years$18,689$12,090$7,581$4,636$2,782$1,981
39 years$18,008$11,497$7,103$4,275$2,523$1,777
40 years$17,363$10,938$6,657$3,943$2,288$1,594
41 years$16,751$10,412$6,242$3,638$2,076$1,430
42 years$16,169$9,916$5,856$3,357$1,884$1,283
43 years$15,616$9,448$5,495$3,099$1,710$1,152
44 years$15,089$9,006$5,158$2,861$1,552$1,034
45 years$14,588$8,588$4,843$2,643$1,409$928
46 years$14,109$8,193$4,549$2,441$1,279$833
47 years$13,653$7,818$4,273$2,255$1,161$748
48 years$13,216$7,464$4,016$2,084$1,055$671
49 years$12,799$7,127$3,775$1,926$958$603
50 years$12,400$6,808$3,549$1,780$870$541

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,700,000, adding $2,635 every year, while hoping to spend $37,714 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: 48/37/15 Blend
57$12,700,000$12,700,000$12,700,000$12,700,000
58$13,998,118$13,325,018$13,128,168$14,611,282
59$15,385,799$13,937,816$13,527,834$15,648,203
60$16,913,759$14,579,378$13,939,625$16,769,371
61$18,596,267$15,251,072$14,363,907$17,985,924
62$20,449,046$15,954,335$14,801,058$19,306,793
63$22,489,421$16,690,670$15,251,466$20,741,788
64$24,736,484$17,461,654$15,715,532$22,301,682
65$27,211,271$18,268,941$16,193,668$23,998,307
66$29,936,963$19,114,262$16,686,299$25,844,664
67$32,939,106$19,999,433$17,193,862$27,855,037
68$36,245,848$20,926,358$17,716,809$30,045,125
69$39,888,206$21,897,031$18,255,604$32,432,181
70$43,900,361$22,913,544$18,810,725$35,035,171
71$48,319,977$23,978,088$19,382,664$37,874,946
72$53,188,561$25,092,960$19,971,929$40,974,431
73$58,551,849$26,260,569$20,579,044$44,358,834
74$64,460,241$27,483,440$21,204,545$48,055,879
75$70,969,276$28,764,219$21,848,987$52,096,057
76$78,140,156$30,105,680$22,512,943$56,512,906
77$86,040,324$31,510,731$23,196,999$61,343,322
78$94,744,101$32,982,421$23,901,762$66,627,894
79$104,333,385$34,523,945$24,627,856$72,411,280
80$114,898,424$36,138,653$25,375,924$78,742,619
81$126,538,674$37,830,057$26,146,628$85,675,983
82$139,363,728$39,601,839$26,940,649$93,270,879
83$153,494,359$41,457,859$27,758,691$101,592,798
84$169,063,652$43,402,164$28,601,476$110,713,819
85$186,218,269$45,438,994$29,469,750$120,713,282
86$205,119,826$47,572,798$30,364,280$131,678,522
87$225,946,422$49,808,239$31,285,857$143,705,677
88$248,894,318$52,150,203$32,235,294$156,900,587
89$274,179,792$54,603,817$33,213,430$171,379,772
90$302,041,180$57,174,453$34,221,129$187,271,522
91$332,741,123$59,867,744$35,259,280$204,717,089
92$366,569,050$62,689,596$36,328,798$223,872,003
93$403,843,909$65,646,202$37,430,628$244,907,524
94$444,917,174$68,744,053$38,565,741$268,012,240
95$490,176,171$71,989,956$39,735,138$293,393,826
96$540,047,724$75,391,047$40,939,849$321,280,988
97$595,002,193$78,954,810$42,180,936$351,925,594
98$655,557,911$82,689,090$43,459,491$385,605,037
99$722,286,075$86,602,113$44,776,641$422,624,825
100$795,816,142$90,702,503$46,133,546$463,321,442