Can I retire at age 58 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$989,603
2 years$523,273$513,528$504,083$494,925$486,043$454,990
3 years$345,384$335,596$326,175$317,104$308,366$278,320
4 years$256,456$246,699$237,372$228,455$219,929$191,122
5 years$203,114$193,415$184,210$175,476$167,186$139,696
6 years$167,564$157,938$148,869$140,329$132,289$106,139
7 years$142,181$132,636$123,711$115,372$107,586$82,775
8 years$123,152$113,693$104,917$96,783$89,253$65,765
9 years$108,360$98,991$90,365$82,438$75,164$52,974
10 years$96,533$87,255$78,782$71,062$64,044$43,120
11 years$86,863$77,678$69,359$61,845$55,080$35,386
12 years$78,810$69,720$61,554$54,247$47,731$29,226
13 years$72,002$63,006$54,994$47,892$41,622$24,263
14 years$66,171$57,271$49,413$42,513$36,486$20,228
15 years$61,122$52,318$44,613$37,914$32,125$16,921
16 years$56,709$48,001$40,448$33,948$28,392$14,194
17 years$52,819$44,207$36,806$30,502$25,174$11,934
18 years$49,365$40,849$33,599$27,488$22,384$10,054
19 years$46,278$37,859$30,759$24,838$19,951$8,483
20 years$43,503$35,180$28,229$22,496$17,821$7,167
21 years$40,996$32,769$25,965$20,416$15,948$6,062
22 years$38,720$30,589$23,931$18,563$14,295$5,133
23 years$36,645$28,609$22,096$16,906$12,832$4,349
24 years$34,745$26,805$20,435$15,419$11,534$3,688
25 years$33,000$25,155$18,927$14,082$10,378$3,128
26 years$31,392$23,642$17,554$12,875$9,349$2,655
27 years$29,906$22,249$16,300$11,785$8,428$2,255
28 years$28,528$20,966$15,153$10,798$7,605$1,915
29 years$27,248$19,779$14,101$9,902$6,867$1,627
30 years$26,055$18,679$13,135$9,087$6,205$1,383
31 years$24,942$17,658$12,245$8,346$5,610$1,176
32 years$23,900$16,708$11,425$7,670$5,075$1,000
33 years$22,923$15,822$10,668$7,053$4,592$850
34 years$22,006$14,996$9,967$6,490$4,158$723
35 years$21,143$14,224$9,319$5,974$3,766$615
36 years$20,329$13,500$8,717$5,502$3,412$523
37 years$19,562$12,822$8,159$5,069$3,093$445
38 years$18,837$12,186$7,641$4,673$2,804$378
39 years$18,150$11,587$7,159$4,308$2,543$322
40 years$17,500$11,024$6,710$3,974$2,306$274
41 years$16,882$10,494$6,292$3,666$2,092$233
42 years$16,296$9,994$5,902$3,384$1,898$198
43 years$15,739$9,523$5,538$3,123$1,723$169
44 years$15,208$9,077$5,198$2,884$1,564$144
45 years$14,703$8,656$4,881$2,663$1,420$122
46 years$14,220$8,257$4,584$2,460$1,289$104
47 years$13,760$7,880$4,307$2,273$1,171$88
48 years$13,320$7,522$4,047$2,100$1,063$75
49 years$12,900$7,184$3,804$1,941$965$64
50 years$12,497$6,862$3,577$1,794$877$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,800,000, adding $4,710 every year, while hoping to spend $23,265 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: 35/40/25 Blend
57$12,800,000$12,800,000$12,800,000$12,800,000
58$14,110,458$13,432,058$13,233,658$14,497,433
59$15,524,971$14,065,475$13,652,232$15,418,827
60$17,082,985$14,729,150$14,084,048$16,409,851
61$18,799,112$15,424,541$14,529,526$17,478,698
62$20,689,453$16,153,176$14,989,098$18,632,333
63$22,771,754$16,916,658$15,463,209$19,878,387
64$25,065,567$17,716,668$15,952,321$21,225,225
65$27,592,439$18,554,969$16,456,907$22,682,020
66$30,376,112$19,433,406$16,977,458$24,258,833
67$33,442,751$20,353,919$17,514,478$25,966,697
68$36,821,187$21,318,537$18,068,489$27,817,720
69$40,543,194$22,329,391$18,640,029$29,825,189
70$44,643,782$23,388,713$19,229,652$32,003,689
71$49,161,533$24,498,845$19,837,931$34,369,231
72$54,138,963$25,662,242$20,465,455$36,939,396
73$59,622,924$26,881,479$21,112,835$39,733,493
74$65,665,046$28,159,255$21,780,698$42,772,729
75$72,322,222$29,498,400$22,469,693$46,080,406
76$79,657,150$30,901,883$23,180,489$49,682,122
77$87,738,919$32,372,815$23,913,775$53,606,010
78$96,643,666$33,914,460$24,670,264$57,882,990
79$106,455,291$35,530,240$25,450,689$62,547,047
80$117,266,253$37,223,744$26,255,809$67,635,544
81$129,178,437$38,998,733$27,086,405$73,189,560
82$142,304,121$40,859,155$27,943,283$79,254,263
83$156,767,033$42,809,145$28,827,275$85,879,327
84$172,703,521$44,853,044$29,739,240$93,119,384
85$190,263,838$46,995,401$30,680,062$101,034,524
86$209,613,561$49,240,987$31,650,655$109,690,848
87$230,935,154$51,594,805$32,651,962$119,161,076
88$254,429,691$54,062,102$33,684,954$129,525,214
89$280,318,754$56,648,380$34,750,635$140,871,296
90$308,846,525$59,359,408$35,850,039$153,296,189
91$340,282,089$62,201,238$36,984,234$166,906,495
92$374,921,976$65,180,213$38,154,320$181,819,532
93$413,092,963$68,302,988$39,361,435$198,164,425
94$455,155,152$71,576,541$40,606,750$216,083,295
95$501,505,375$75,008,190$41,891,474$235,732,583
96$552,580,940$78,605,608$43,216,854$257,284,502
97$608,863,756$82,376,842$44,584,179$280,928,633
98$670,884,885$86,330,334$45,994,775$306,873,691
99$739,229,556$90,474,932$47,450,012$335,349,468
100$814,542,687$94,819,920$48,951,304$366,608,967