Can I retire at age 58 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$997,734
2 years$527,361$517,540$508,021$498,792$489,840$458,939
3 years$348,082$338,218$328,723$319,581$310,775$280,872
4 years$258,460$248,626$239,226$230,240$221,647$192,971
5 years$204,701$194,926$185,649$176,846$168,493$141,122
6 years$168,873$159,172$150,032$141,425$133,322$107,281
7 years$143,292$133,672$124,678$116,274$108,427$83,714
8 years$124,114$114,582$105,736$97,539$89,951$66,550
9 years$109,207$99,764$91,071$83,082$75,751$53,639
10 years$97,287$87,937$79,398$71,617$64,544$43,689
11 years$87,542$78,285$69,900$62,328$55,510$35,875
12 years$79,426$70,265$62,035$54,670$48,104$29,650
13 years$72,564$63,499$55,424$48,266$41,947$24,632
14 years$66,688$57,718$49,799$42,845$36,771$20,549
15 years$61,600$52,727$44,962$38,210$32,376$17,202
16 years$57,152$48,376$40,764$34,213$28,614$14,440
17 years$53,231$44,552$37,094$30,740$25,371$12,150
18 years$49,750$41,168$33,862$27,703$22,559$10,243
19 years$46,639$38,154$30,999$25,032$20,107$8,649
20 years$43,843$35,455$28,449$22,671$17,960$7,313
21 years$41,316$33,025$26,168$20,576$16,072$6,191
22 years$39,022$30,828$24,118$18,708$14,407$5,246
23 years$36,931$28,832$22,268$17,038$12,932$4,448
24 years$35,017$27,014$20,595$15,539$11,624$3,775
25 years$33,258$25,351$19,075$14,192$10,460$3,205
26 years$31,638$23,826$17,691$12,976$9,422$2,722
27 years$30,140$22,423$16,427$11,877$8,494$2,314
28 years$28,751$21,129$15,271$10,882$7,665$1,967
29 years$27,461$19,933$14,211$9,979$6,921$1,672
30 years$26,259$18,825$13,237$9,158$6,254$1,423
31 years$25,136$17,796$12,341$8,411$5,654$1,210
32 years$24,086$16,838$11,514$7,730$5,114$1,030
33 years$23,102$15,946$10,751$7,108$4,628$876
34 years$22,178$15,113$10,045$6,540$4,190$746
35 years$21,308$14,335$9,391$6,021$3,795$635
36 years$20,488$13,606$8,785$5,545$3,439$541
37 years$19,715$12,922$8,223$5,109$3,117$460
38 years$18,984$12,281$7,700$4,709$2,826$392
39 years$18,292$11,678$7,214$4,342$2,562$334
40 years$17,636$11,111$6,762$4,005$2,324$284
41 years$17,014$10,576$6,341$3,695$2,109$242
42 years$16,424$10,072$5,948$3,410$1,913$206
43 years$15,862$9,597$5,581$3,148$1,736$175
44 years$15,327$9,148$5,239$2,907$1,576$149
45 years$14,817$8,723$4,919$2,684$1,431$127
46 years$14,332$8,322$4,620$2,479$1,299$108
47 years$13,868$7,941$4,341$2,291$1,180$92
48 years$13,424$7,581$4,079$2,117$1,071$79
49 years$13,001$7,240$3,834$1,956$973$67
50 years$12,595$6,916$3,605$1,808$884$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,900,000, adding $3,587 every year, while hoping to spend $40,475 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: 32/48/20 Blend
57$12,900,000$12,900,000$12,900,000$12,900,000
58$14,219,500$13,535,800$13,335,850$14,586,198
59$15,626,824$14,155,989$13,739,536$15,481,136
60$17,176,338$14,805,211$14,155,389$16,440,495
61$18,882,504$15,484,845$14,583,773$17,473,002
62$20,761,255$16,196,338$15,025,065$18,585,081
63$22,830,150$16,941,206$15,479,652$19,783,769
64$25,108,536$17,721,036$15,947,932$21,076,769
65$27,617,734$18,537,494$16,430,314$22,472,524
66$30,381,236$19,392,324$16,927,223$23,980,283
67$33,424,930$20,287,356$17,439,093$25,610,187
68$36,777,342$21,224,505$17,966,371$27,373,352
69$40,469,906$22,205,782$18,509,520$29,281,972
70$44,537,263$23,233,291$19,069,015$31,349,420
71$49,017,581$24,309,240$19,645,345$33,590,369
72$53,952,924$25,435,943$20,239,014$36,020,921
73$59,389,642$26,615,823$20,850,540$38,658,748
74$65,378,811$27,851,424$21,480,459$41,523,254
75$71,976,715$29,145,409$22,129,319$44,635,742
76$79,245,377$30,500,571$22,797,688$48,019,606
77$87,253,144$31,919,838$23,486,150$51,700,543
78$96,075,332$33,406,278$24,195,304$55,706,783
79$105,794,939$34,963,108$24,925,769$60,069,342
80$116,503,423$36,593,700$25,678,182$64,822,300
81$128,301,570$38,301,590$26,453,200$70,003,115
82$141,300,445$40,090,482$27,251,496$75,652,957
83$155,622,436$41,964,262$28,073,767$81,817,087
84$171,402,415$43,927,001$28,920,729$88,545,264
85$188,789,006$45,982,969$29,793,118$95,892,201
86$207,945,992$48,136,641$30,691,694$103,918,063
87$229,053,855$50,392,709$31,617,239$112,689,023
88$252,311,488$52,756,092$32,570,556$122,277,859
89$277,938,065$55,231,945$33,552,475$132,764,629
90$306,175,113$57,825,676$34,563,848$144,237,404
91$337,288,792$60,542,952$35,605,554$156,793,078
92$371,572,407$63,389,714$36,678,498$170,538,261
93$409,349,175$66,372,193$37,783,611$185,590,262
94$450,975,280$69,496,919$38,921,850$202,078,173
95$496,843,230$72,770,740$40,094,204$220,144,060
96$547,385,569$76,200,835$41,301,689$239,944,279
97$603,078,952$79,794,732$42,545,351$261,650,926
98$664,448,653$83,560,321$43,826,268$285,453,429
99$732,073,515$87,505,876$45,145,548$311,560,308
100$806,591,423$91,640,074$46,504,333$340,201,110