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%15.8%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$988,635
2 years$519,185$509,516$500,145$491,059$482,246$458,126
3 years$342,685$332,974$323,627$314,626$305,956$282,551
4 years$254,453$244,771$235,517$226,670$218,211$195,700
5 years$201,527$191,904$182,771$174,105$165,880$144,327
6 years$166,255$156,704$147,706$139,233$131,255$110,681
7 years$141,070$131,600$122,745$114,471$106,746$87,154
8 years$122,190$112,805$104,097$96,027$88,556$69,938
9 years$107,513$98,217$89,659$81,794$74,577$56,918
10 years$95,779$86,574$78,167$70,507$63,543$46,824
11 years$86,184$77,071$68,817$61,362$54,649$38,847
12 years$78,195$69,175$61,073$53,823$47,358$32,445
13 years$71,439$62,514$54,565$47,517$41,297$27,246
14 years$65,654$56,824$49,027$42,181$36,201$22,982
15 years$60,645$51,909$44,264$37,618$31,874$19,456
16 years$56,266$47,626$40,132$33,683$28,170$16,520
17 years$52,406$43,862$36,519$30,264$24,978$14,063
18 years$48,979$40,530$33,337$27,274$22,209$11,997
19 years$45,916$37,563$30,518$24,644$19,795$10,253
20 years$43,163$34,905$28,008$22,320$17,682$8,775
21 years$40,676$32,513$25,762$20,257$15,823$7,520
22 years$38,417$30,350$23,744$18,418$14,183$6,452
23 years$36,358$28,385$21,923$16,774$12,732$5,540
24 years$34,474$26,595$20,275$15,299$11,443$4,761
25 years$32,743$24,958$18,779$13,972$10,297$4,095
26 years$31,147$23,457$17,417$12,775$9,276$3,523
27 years$29,672$22,076$16,173$11,693$8,363$3,033
28 years$28,306$20,802$15,035$10,713$7,546$2,613
29 years$27,035$19,624$13,991$9,824$6,814$2,251
30 years$25,852$18,533$13,032$9,016$6,157$1,940
31 years$24,747$17,520$12,150$8,281$5,566$1,672
32 years$23,713$16,577$11,336$7,610$5,035$1,442
33 years$22,744$15,699$10,584$6,998$4,557$1,244
34 years$21,834$14,879$9,889$6,439$4,126$1,073
35 years$20,977$14,112$9,246$5,927$3,737$926
36 years$20,171$13,395$8,649$5,459$3,386$799
37 years$19,409$12,722$8,095$5,030$3,068$689
38 years$18,689$12,090$7,581$4,636$2,782$595
39 years$18,008$11,497$7,103$4,275$2,523$513
40 years$17,363$10,938$6,657$3,943$2,288$443
41 years$16,751$10,412$6,242$3,638$2,076$383
42 years$16,169$9,916$5,856$3,357$1,884$330
43 years$15,616$9,448$5,495$3,099$1,710$285
44 years$15,089$9,006$5,158$2,861$1,552$246
45 years$14,588$8,588$4,843$2,643$1,409$213
46 years$14,109$8,193$4,549$2,441$1,279$183
47 years$13,653$7,818$4,273$2,255$1,161$158
48 years$13,216$7,464$4,016$2,084$1,055$137
49 years$12,799$7,127$3,775$1,926$958$118
50 years$12,400$6,808$3,549$1,780$870$102

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 $2,193 every year, while hoping to spend $23,646 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: 46/28/26 Blend
57$12,700,000$12,700,000$12,700,000$12,700,000
58$13,997,662$13,324,562$13,127,712$14,536,776
59$15,400,264$13,952,306$13,542,331$15,545,478
60$16,945,140$14,610,018$13,970,048$16,636,776
61$18,646,775$15,299,140$14,411,275$17,820,397
62$20,521,134$16,021,185$14,866,440$19,104,992
63$22,585,807$16,777,741$15,335,984$20,500,063
64$24,860,180$17,570,471$15,820,360$22,016,048
65$27,365,613$18,401,119$16,320,037$23,664,412
66$30,125,647$19,271,515$16,835,499$25,457,757
67$33,166,218$20,183,575$17,367,244$27,409,927
68$36,515,913$21,139,310$17,915,787$29,536,143
69$40,206,229$22,140,829$18,481,659$31,853,131
70$44,271,876$23,190,341$19,065,406$34,379,286
71$48,751,104$24,290,165$19,667,594$37,134,828
72$53,686,064$25,442,730$20,288,806$40,141,995
73$59,123,204$26,650,586$20,929,642$43,425,242
74$65,113,709$27,916,402$21,590,723$47,011,468
75$71,713,983$29,242,982$22,272,688$50,930,261
76$78,986,183$30,633,262$22,976,198$55,214,168
77$86,998,805$32,090,323$23,701,932$59,898,999
78$95,827,330$33,617,395$24,450,593$65,024,155
79$105,554,935$35,217,865$25,222,905$70,632,991
80$116,273,283$36,895,285$26,019,617$76,773,213
81$128,083,382$38,653,378$26,841,498$83,497,329
82$141,096,543$40,496,050$27,689,344$90,863,124
83$155,435,429$42,427,395$28,563,976$98,934,201
84$171,235,213$44,451,708$29,466,240$107,780,572
85$188,644,855$46,573,491$30,397,009$117,479,304
86$207,828,505$48,797,467$31,357,183$128,115,237
87$228,967,056$51,128,587$32,347,693$139,781,775
88$252,259,851$53,572,042$33,369,495$152,581,750
89$277,926,563$56,133,280$34,423,580$166,628,384
90$306,209,269$58,818,008$35,510,968$182,046,344
91$337,374,740$61,632,215$36,632,710$198,972,900
92$371,716,950$64,582,180$37,789,892$217,559,212
93$409,559,860$67,674,488$38,983,635$237,971,736
94$451,260,472$70,916,044$40,215,093$260,393,783
95$497,212,200$74,314,090$41,485,459$285,027,229
96$547,848,584$77,876,220$42,795,961$312,094,407
97$603,647,382$81,610,397$44,147,868$341,840,180
98$665,135,082$85,524,974$45,542,489$374,534,242
99$732,891,871$89,628,709$46,981,173$410,473,635
100$807,557,112$93,930,786$48,465,313$449,985,539