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%17.8%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$980,691
2 years$519,185$509,516$500,145$491,059$482,246$450,271
3 years$342,685$332,974$323,627$314,626$305,956$275,036
4 years$254,453$244,771$235,517$226,670$218,211$188,581
5 years$201,527$191,904$182,771$174,105$165,880$137,621
6 years$166,255$156,704$147,706$139,233$131,255$104,390
7 years$141,070$131,600$122,745$114,471$106,746$81,273
8 years$122,190$112,805$104,097$96,027$88,556$64,457
9 years$107,513$98,217$89,659$81,794$74,577$51,826
10 years$95,779$86,574$78,167$70,507$63,543$42,106
11 years$86,184$77,071$68,817$61,362$54,649$34,487
12 years$78,195$69,175$61,073$53,823$47,358$28,427
13 years$71,439$62,514$54,565$47,517$41,297$23,552
14 years$65,654$56,824$49,027$42,181$36,201$19,594
15 years$60,645$51,909$44,264$37,618$31,874$16,356
16 years$56,266$47,626$40,132$33,683$28,170$13,690
17 years$52,406$43,862$36,519$30,264$24,978$11,486
18 years$48,979$40,530$33,337$27,274$22,209$9,654
19 years$45,916$37,563$30,518$24,644$19,795$8,127
20 years$43,163$34,905$28,008$22,320$17,682$6,851
21 years$40,676$32,513$25,762$20,257$15,823$5,782
22 years$38,417$30,350$23,744$18,418$14,183$4,884
23 years$36,358$28,385$21,923$16,774$12,732$4,128
24 years$34,474$26,595$20,275$15,299$11,443$3,492
25 years$32,743$24,958$18,779$13,972$10,297$2,955
26 years$31,147$23,457$17,417$12,775$9,276$2,502
27 years$29,672$22,076$16,173$11,693$8,363$2,120
28 years$28,306$20,802$15,035$10,713$7,546$1,796
29 years$27,035$19,624$13,991$9,824$6,814$1,522
30 years$25,852$18,533$13,032$9,016$6,157$1,291
31 years$24,747$17,520$12,150$8,281$5,566$1,094
32 years$23,713$16,577$11,336$7,610$5,035$928
33 years$22,744$15,699$10,584$6,998$4,557$787
34 years$21,834$14,879$9,889$6,439$4,126$668
35 years$20,977$14,112$9,246$5,927$3,737$567
36 years$20,171$13,395$8,649$5,459$3,386$481
37 years$19,409$12,722$8,095$5,030$3,068$408
38 years$18,689$12,090$7,581$4,636$2,782$346
39 years$18,008$11,497$7,103$4,275$2,523$294
40 years$17,363$10,938$6,657$3,943$2,288$249
41 years$16,751$10,412$6,242$3,638$2,076$212
42 years$16,169$9,916$5,856$3,357$1,884$180
43 years$15,616$9,448$5,495$3,099$1,710$152
44 years$15,089$9,006$5,158$2,861$1,552$129
45 years$14,588$8,588$4,843$2,643$1,409$110
46 years$14,109$8,193$4,549$2,441$1,279$93
47 years$13,653$7,818$4,273$2,255$1,161$79
48 years$13,216$7,464$4,016$2,084$1,055$67
49 years$12,799$7,127$3,775$1,926$958$57
50 years$12,400$6,808$3,549$1,780$870$48

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 $3,300 every year, while hoping to spend $22,596 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: 56/21/23 Blend
57$12,700,000$12,700,000$12,700,000$12,700,000
58$13,998,804$13,325,704$13,128,854$14,695,000
59$15,402,640$13,954,621$13,544,629$15,800,773
60$16,948,910$14,613,599$13,973,574$17,002,192
61$18,652,118$15,304,085$14,416,109$18,310,635
62$20,528,248$16,027,598$14,872,662$19,736,400
63$22,594,912$16,785,733$15,343,679$21,290,815
64$24,871,518$17,580,159$15,829,617$22,986,333
65$27,379,454$18,412,628$16,330,950$24,836,650
66$30,142,287$19,284,976$16,848,166$26,856,832
67$33,185,988$20,199,127$17,381,767$29,063,450
68$36,539,176$21,157,101$17,932,273$31,474,733
69$40,233,388$22,161,015$18,500,221$34,110,736
70$44,303,377$23,213,088$19,086,161$36,993,527
71$48,787,439$24,315,648$19,690,666$40,147,388
72$53,727,777$25,471,134$20,314,322$43,599,041
73$59,170,896$26,682,105$20,957,738$47,377,891
74$65,168,044$27,951,245$21,621,539$51,516,307
75$71,775,696$29,281,367$22,306,371$56,049,912
76$79,056,084$30,675,421$23,012,902$61,017,920
77$87,077,788$32,136,500$23,741,818$66,463,499
78$95,916,383$33,667,849$24,493,829$72,434,170
79$105,655,149$35,272,869$25,269,667$78,982,250
80$116,385,861$36,955,127$26,070,088$86,165,342
81$128,209,654$38,718,362$26,895,870$94,046,865
82$141,237,974$40,566,498$27,747,818$102,696,653
83$155,593,638$42,503,647$28,626,761$112,191,600
84$171,411,986$44,534,122$29,533,553$122,616,381
85$188,842,160$46,662,446$30,469,079$134,064,241
86$208,048,516$48,893,362$31,434,249$146,637,869
87$229,212,171$51,231,842$32,430,003$160,450,355
88$252,532,714$53,683,104$33,457,309$175,626,248
89$278,230,090$56,252,616$34,517,169$192,302,725
90$306,546,679$58,946,113$35,610,613$210,630,870
91$337,749,579$61,769,612$36,738,708$230,777,094
92$372,133,131$64,729,418$37,902,550$252,924,693
93$410,021,699$67,832,148$39,103,274$277,275,562
94$451,772,726$71,084,737$40,342,047$304,052,095
95$497,780,116$74,494,461$41,620,078$333,499,266
96$548,477,947$78,068,949$42,938,609$365,886,931
97$604,344,571$81,816,200$44,298,926$401,512,357
98$665,907,129$85,744,606$45,702,352$440,703,018
99$733,746,530$89,862,965$47,150,254$483,819,666
100$808,502,931$94,180,506$48,644,043$531,259,725