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%14.1%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$995,529
2 years$519,185$509,516$500,145$491,059$482,246$464,983
3 years$342,685$332,974$323,627$314,626$305,956$289,156
4 years$254,453$244,771$235,517$226,670$218,211$202,001
5 years$201,527$191,904$182,771$174,105$165,880$150,309
6 years$166,255$156,704$147,706$139,233$131,255$116,340
7 years$141,070$131,600$122,745$114,471$106,746$92,490
8 years$122,190$112,805$104,097$96,027$88,556$74,957
9 years$107,513$98,217$89,659$81,794$74,577$61,627
10 years$95,779$86,574$78,167$70,507$63,543$51,232
11 years$86,184$77,071$68,817$61,362$54,649$42,963
12 years$78,195$69,175$61,073$53,823$47,358$36,282
13 years$71,439$62,514$54,565$47,517$41,297$30,814
14 years$65,654$56,824$49,027$42,181$36,201$26,293
15 years$60,645$51,909$44,264$37,618$31,874$22,522
16 years$56,266$47,626$40,132$33,683$28,170$19,355
17 years$52,406$43,862$36,519$30,264$24,978$16,679
18 years$48,979$40,530$33,337$27,274$22,209$14,407
19 years$45,916$37,563$30,518$24,644$19,795$12,468
20 years$43,163$34,905$28,008$22,320$17,682$10,809
21 years$40,676$32,513$25,762$20,257$15,823$9,384
22 years$38,417$30,350$23,744$18,418$14,183$8,157
23 years$36,358$28,385$21,923$16,774$12,732$7,098
24 years$34,474$26,595$20,275$15,299$11,443$6,182
25 years$32,743$24,958$18,779$13,972$10,297$5,389
26 years$31,147$23,457$17,417$12,775$9,276$4,701
27 years$29,672$22,076$16,173$11,693$8,363$4,103
28 years$28,306$20,802$15,035$10,713$7,546$3,583
29 years$27,035$19,624$13,991$9,824$6,814$3,130
30 years$25,852$18,533$13,032$9,016$6,157$2,736
31 years$24,747$17,520$12,150$8,281$5,566$2,392
32 years$23,713$16,577$11,336$7,610$5,035$2,092
33 years$22,744$15,699$10,584$6,998$4,557$1,830
34 years$21,834$14,879$9,889$6,439$4,126$1,601
35 years$20,977$14,112$9,246$5,927$3,737$1,401
36 years$20,171$13,395$8,649$5,459$3,386$1,227
37 years$19,409$12,722$8,095$5,030$3,068$1,074
38 years$18,689$12,090$7,581$4,636$2,782$940
39 years$18,008$11,497$7,103$4,275$2,523$824
40 years$17,363$10,938$6,657$3,943$2,288$721
41 years$16,751$10,412$6,242$3,638$2,076$632
42 years$16,169$9,916$5,856$3,357$1,884$553
43 years$15,616$9,448$5,495$3,099$1,710$485
44 years$15,089$9,006$5,158$2,861$1,552$425
45 years$14,588$8,588$4,843$2,643$1,409$372
46 years$14,109$8,193$4,549$2,441$1,279$326
47 years$13,653$7,818$4,273$2,255$1,161$286
48 years$13,216$7,464$4,016$2,084$1,055$250
49 years$12,799$7,127$3,775$1,926$958$219
50 years$12,400$6,808$3,549$1,780$870$192

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 $6,094 every year, while hoping to spend $28,411 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: 44/30/26 Blend
57$12,700,000$12,700,000$12,700,000$12,700,000
58$14,001,686$13,328,586$13,131,736$14,511,843
59$15,399,629$13,951,458$13,541,420$15,498,275
60$16,939,210$14,603,898$13,963,876$16,563,693
61$18,634,846$15,287,325$14,399,503$17,718,072
62$20,502,423$16,003,227$14,848,709$18,969,693
63$22,559,449$16,753,164$15,311,919$20,327,649
64$24,825,213$17,538,769$15,789,569$21,801,925
65$27,320,973$18,361,757$16,282,108$23,403,490
66$30,070,153$19,223,925$16,790,000$25,144,391
67$33,098,567$20,127,155$17,313,723$27,037,865
68$36,434,659$21,073,424$17,853,771$29,098,460
69$40,109,773$22,064,801$18,410,651$31,342,161
70$44,158,451$23,103,457$18,984,889$33,786,541
71$48,618,754$24,191,667$19,577,024$36,450,916
72$53,532,627$25,331,819$20,187,614$39,356,527
73$58,946,289$26,526,413$20,817,234$42,526,724
74$64,910,676$27,778,071$21,466,476$45,987,191
75$71,481,913$29,089,545$22,135,951$49,766,172
76$78,721,853$30,463,718$22,826,290$53,894,734
77$86,698,653$31,903,611$23,538,142$58,407,051
78$95,487,422$33,412,395$24,272,176$63,340,720
79$105,170,930$34,993,393$25,029,085$68,737,105
80$115,840,385$36,650,089$25,809,579$74,641,720
81$127,596,297$38,386,137$26,614,394$81,104,648
82$140,549,429$40,205,367$27,444,285$88,181,003
83$154,821,838$42,111,797$28,300,035$95,931,443
84$170,548,027$44,109,637$29,182,448$104,422,728
85$187,876,220$46,203,303$30,092,355$113,728,341
86$206,969,756$48,397,426$31,030,610$123,929,170
87$228,008,633$50,696,862$31,998,097$135,114,257
88$251,191,206$53,106,701$32,995,726$147,381,627
89$276,736,061$55,632,281$34,024,435$160,839,200
90$304,884,076$58,279,200$35,085,191$175,605,796
91$335,900,699$61,053,328$36,178,992$191,812,239
92$370,078,448$63,960,819$37,306,866$209,602,580
93$407,739,678$67,008,127$38,469,874$229,135,438
94$449,239,620$70,202,020$39,669,109$250,585,481
95$494,969,737$73,549,595$40,905,700$274,145,059
96$545,361,417$77,058,292$42,180,808$300,025,997
97$600,890,049$80,735,916$43,495,633$328,461,579
98$662,079,507$84,590,648$44,851,409$359,708,730
99$729,507,098$88,631,072$46,249,413$394,050,417
100$803,809,011$92,866,183$47,690,957$431,798,300