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%19.7%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$980,968
2 years$523,273$513,528$504,083$494,925$486,043$446,503
3 years$345,384$335,596$326,175$317,104$308,366$270,253
4 years$256,456$246,699$237,372$228,455$219,929$183,534
5 years$203,114$193,415$184,210$175,476$167,186$132,602
6 years$167,564$157,938$148,869$140,329$132,289$99,538
7 years$142,181$132,636$123,711$115,372$107,586$76,658
8 years$123,152$113,693$104,917$96,783$89,253$60,117
9 years$108,360$98,991$90,365$82,438$75,164$47,777
10 years$96,533$87,255$78,782$71,062$64,044$38,353
11 years$86,863$77,678$69,359$61,845$55,080$31,028
12 years$78,810$69,720$61,554$54,247$47,731$25,254
13 years$72,002$63,006$54,994$47,892$41,622$20,654
14 years$66,171$57,271$49,413$42,513$36,486$16,956
15 years$61,122$52,318$44,613$37,914$32,125$13,964
16 years$56,709$48,001$40,448$33,948$28,392$11,529
17 years$52,819$44,207$36,806$30,502$25,174$9,538
18 years$49,365$40,849$33,599$27,488$22,384$7,904
19 years$46,278$37,859$30,759$24,838$19,951$6,559
20 years$43,503$35,180$28,229$22,496$17,821$5,449
21 years$40,996$32,769$25,965$20,416$15,948$4,531
22 years$38,720$30,589$23,931$18,563$14,295$3,771
23 years$36,645$28,609$22,096$16,906$12,832$3,140
24 years$34,745$26,805$20,435$15,419$11,534$2,616
25 years$33,000$25,155$18,927$14,082$10,378$2,181
26 years$31,392$23,642$17,554$12,875$9,349$1,819
27 years$29,906$22,249$16,300$11,785$8,428$1,517
28 years$28,528$20,966$15,153$10,798$7,605$1,266
29 years$27,248$19,779$14,101$9,902$6,867$1,056
30 years$26,055$18,679$13,135$9,087$6,205$882
31 years$24,942$17,658$12,245$8,346$5,610$736
32 years$23,900$16,708$11,425$7,670$5,075$614
33 years$22,923$15,822$10,668$7,053$4,592$513
34 years$22,006$14,996$9,967$6,490$4,158$428
35 years$21,143$14,224$9,319$5,974$3,766$358
36 years$20,329$13,500$8,717$5,502$3,412$299
37 years$19,562$12,822$8,159$5,069$3,093$250
38 years$18,837$12,186$7,641$4,673$2,804$208
39 years$18,150$11,587$7,159$4,308$2,543$174
40 years$17,500$11,024$6,710$3,974$2,306$145
41 years$16,882$10,494$6,292$3,666$2,092$121
42 years$16,296$9,994$5,902$3,384$1,898$101
43 years$15,739$9,523$5,538$3,123$1,723$85
44 years$15,208$9,077$5,198$2,884$1,564$71
45 years$14,703$8,656$4,881$2,663$1,420$59
46 years$14,220$8,257$4,584$2,460$1,289$49
47 years$13,760$7,880$4,307$2,273$1,171$41
48 years$13,320$7,522$4,047$2,100$1,063$34
49 years$12,900$7,184$3,804$1,941$965$29
50 years$12,497$6,862$3,577$1,794$877$24

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 $2,386 every year, while hoping to spend $43,565 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: 76/14/10 Blend
57$12,800,000$12,800,000$12,800,000$12,800,000
58$14,108,061$13,429,661$13,231,261$15,155,298
59$15,500,731$14,041,362$13,628,156$16,456,823
60$17,033,992$14,681,576$14,036,886$17,877,352
61$18,722,140$15,351,654$14,457,802$19,433,251
62$20,580,926$16,053,012$14,891,266$21,137,958
63$22,627,705$16,787,135$15,337,649$23,006,264
64$24,881,603$17,555,576$15,797,332$25,054,455
65$27,363,694$18,359,966$16,270,709$27,300,462
66$30,097,199$19,202,013$16,758,186$29,764,025
67$33,107,707$20,083,506$17,260,180$32,466,882
68$36,423,416$21,006,320$17,777,118$35,432,968
69$40,075,397$21,972,422$18,309,444$38,688,643
70$44,097,889$22,983,872$18,857,612$42,262,929
71$48,528,621$24,042,830$19,422,090$46,187,794
72$53,409,170$25,151,558$20,003,359$50,498,439
73$58,785,349$26,312,428$20,601,916$55,233,634
74$64,707,645$27,527,927$21,218,270$60,436,082
75$71,231,690$28,800,661$21,852,947$66,152,811
76$78,418,789$30,133,360$22,506,488$72,435,625
77$86,336,498$31,528,888$23,179,448$79,341,579
78$95,059,263$32,990,245$23,872,401$86,933,524
79$104,669,117$34,520,576$24,585,936$95,280,688
80$115,256,461$36,123,178$25,320,659$104,459,331
81$126,920,913$37,801,508$26,077,194$114,553,456
82$139,772,252$39,559,186$26,856,185$125,655,604
83$153,931,446$41,400,012$27,658,293$137,867,715
84$169,531,805$43,327,964$28,484,197$151,302,094
85$186,720,231$45,347,215$29,334,599$166,082,459
86$205,658,605$47,462,140$30,210,219$182,345,106
87$226,525,320$49,677,322$31,111,799$200,240,193
88$249,516,961$51,997,569$32,040,102$219,933,149
89$274,850,160$54,427,918$32,995,914$241,606,229
90$302,763,643$56,973,653$33,980,044$265,460,230
91$333,520,482$59,640,310$34,993,323$291,716,381
92$367,410,580$62,433,694$36,036,608$320,618,421
93$404,753,404$65,359,890$37,110,780$352,434,897
94$445,901,006$68,425,279$38,216,745$387,461,688
95$491,241,339$71,636,548$39,355,437$426,024,794
96$541,201,927$75,000,710$40,527,815$468,483,403
97$596,253,895$78,525,117$41,734,869$515,233,274
98$656,916,419$82,217,474$42,977,613$566,710,465
99$723,761,627$86,085,863$44,257,096$623,395,439
100$797,419,997$90,138,754$45,574,393$685,817,590