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%15.1%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,007,071
2 years$527,361$517,540$508,021$498,792$489,840$468,188
3 years$348,082$338,218$328,723$319,581$310,775$289,738
4 years$258,460$248,626$239,226$230,240$221,647$201,388
5 years$204,701$194,926$185,649$176,846$168,493$149,069
6 years$168,873$159,172$150,032$141,425$133,322$114,755
7 years$143,292$133,672$124,678$116,274$108,427$90,719
8 years$124,114$114,582$105,736$97,539$89,951$73,097
9 years$109,207$99,764$91,071$83,082$75,751$59,740
10 years$97,287$87,937$79,398$71,617$64,544$49,359
11 years$87,542$78,285$69,900$62,328$55,510$41,132
12 years$79,426$70,265$62,035$54,670$48,104$34,511
13 years$72,564$63,499$55,424$48,266$41,947$29,117
14 years$66,688$57,718$49,799$42,845$36,771$24,677
15 years$61,600$52,727$44,962$38,210$32,376$20,993
16 years$57,152$48,376$40,764$34,213$28,614$17,914
17 years$53,231$44,552$37,094$30,740$25,371$15,327
18 years$49,750$41,168$33,862$27,703$22,559$13,143
19 years$46,639$38,154$30,999$25,032$20,107$11,290
20 years$43,843$35,455$28,449$22,671$17,960$9,715
21 years$41,316$33,025$26,168$20,576$16,072$8,370
22 years$39,022$30,828$24,118$18,708$14,407$7,220
23 years$36,931$28,832$22,268$17,038$12,932$6,234
24 years$35,017$27,014$20,595$15,539$11,624$5,387
25 years$33,258$25,351$19,075$14,192$10,460$4,659
26 years$31,638$23,826$17,691$12,976$9,422$4,031
27 years$30,140$22,423$16,427$11,877$8,494$3,490
28 years$28,751$21,129$15,271$10,882$7,665$3,023
29 years$27,461$19,933$14,211$9,979$6,921$2,620
30 years$26,259$18,825$13,237$9,158$6,254$2,271
31 years$25,136$17,796$12,341$8,411$5,654$1,969
32 years$24,086$16,838$11,514$7,730$5,114$1,708
33 years$23,102$15,946$10,751$7,108$4,628$1,482
34 years$22,178$15,113$10,045$6,540$4,190$1,286
35 years$21,308$14,335$9,391$6,021$3,795$1,116
36 years$20,488$13,606$8,785$5,545$3,439$968
37 years$19,715$12,922$8,223$5,109$3,117$841
38 years$18,984$12,281$7,700$4,709$2,826$730
39 years$18,292$11,678$7,214$4,342$2,562$634
40 years$17,636$11,111$6,762$4,005$2,324$550
41 years$17,014$10,576$6,341$3,695$2,109$478
42 years$16,424$10,072$5,948$3,410$1,913$415
43 years$15,862$9,597$5,581$3,148$1,736$360
44 years$15,327$9,148$5,239$2,907$1,576$313
45 years$14,817$8,723$4,919$2,684$1,431$272
46 years$14,332$8,322$4,620$2,479$1,299$236
47 years$13,868$7,941$4,341$2,291$1,180$205
48 years$13,424$7,581$4,079$2,117$1,071$178
49 years$13,001$7,240$3,834$1,956$973$155
50 years$12,595$6,916$3,605$1,808$884$134

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 $5,622 every year, while hoping to spend $35,745 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: 48/24/28 Blend
57$12,900,000$12,900,000$12,900,000$12,900,000
58$14,221,599$13,537,899$13,337,949$14,790,288
59$15,634,170$14,163,224$13,746,738$15,816,281
60$17,189,625$14,817,991$14,168,023$16,925,894
61$18,902,500$15,503,607$14,602,186$18,130,272
62$20,788,814$16,221,543$15,049,618$19,438,371
63$22,866,218$16,973,342$15,510,725$20,860,035
64$25,154,160$17,760,624$15,985,922$22,406,079
65$27,674,073$18,585,084$16,475,640$24,088,390
66$30,449,575$19,448,499$16,980,319$25,920,039
67$33,506,689$20,352,733$17,500,418$27,915,390
68$36,874,093$21,299,739$18,036,404$30,090,242
69$40,583,389$22,291,565$18,588,762$32,461,965
70$44,669,400$23,330,356$19,157,990$35,049,665
71$49,170,498$24,418,363$19,744,602$37,874,355
72$54,128,971$25,557,944$20,349,128$40,959,149
73$59,591,414$26,751,572$20,972,112$44,329,476
74$65,609,177$28,001,838$21,614,117$48,013,312
75$72,238,845$29,311,460$22,275,721$52,041,440
76$79,542,771$30,683,285$22,957,522$56,447,733
77$87,589,667$32,120,300$23,660,133$61,269,466
78$96,455,254$33,625,635$24,384,187$66,547,663
79$106,222,970$35,202,572$25,130,338$72,327,476
80$116,984,766$36,854,551$25,899,258$78,658,604
81$128,841,967$38,585,179$26,691,638$85,595,752
82$141,906,233$40,398,237$27,508,193$93,199,143
83$156,300,609$42,297,691$28,349,657$101,535,073
84$172,160,689$44,287,696$29,216,789$110,676,532
85$189,635,896$46,372,610$30,110,368$120,703,882
86$208,890,891$48,557,001$31,031,199$131,705,604
87$230,107,128$50,845,660$31,980,110$143,779,127
88$253,484,566$53,243,608$32,957,954$157,031,733
89$279,243,557$55,756,111$33,965,612$171,581,559
90$307,626,928$58,388,689$35,003,988$187,558,703
91$338,902,270$61,147,129$36,074,016$205,106,437
92$373,364,464$64,037,502$37,176,659$224,382,549
93$411,338,468$67,066,168$38,312,906$245,560,816
94$453,182,382$70,239,800$39,483,778$268,832,635
95$499,290,828$73,565,393$40,690,327$294,408,809
96$550,098,676$77,050,281$41,933,637$322,521,530
97$606,085,151$80,702,155$43,214,824$353,426,545
98$667,778,352$84,529,077$44,535,037$387,405,563
99$735,760,245$88,539,503$45,895,461$424,768,891
100$810,672,149$92,742,297$47,297,318$465,858,347