Can I retire at age 58 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,033,025
2 years$539,626$529,576$519,835$510,392$501,232$481,597
3 years$356,177$346,083$336,368$327,013$318,002$298,905
4 years$264,470$254,408$244,790$235,594$226,802$208,391
5 years$209,461$199,459$189,967$180,959$172,411$154,739
6 years$172,800$162,873$153,521$144,714$136,423$119,508
7 years$146,624$136,781$127,577$118,978$110,948$94,796
8 years$127,001$117,246$108,195$99,807$92,042$76,649
9 years$111,746$102,084$93,189$85,014$77,513$62,868
10 years$99,550$89,982$81,244$73,283$66,045$52,135
11 years$89,578$80,106$71,526$63,778$56,801$43,611
12 years$81,273$71,899$63,477$55,942$49,222$36,734
13 years$74,252$64,975$56,713$49,388$42,923$31,116
14 years$68,239$59,061$50,957$43,841$37,626$26,479
15 years$63,032$53,953$46,007$39,099$33,129$22,619
16 years$58,481$49,501$41,712$35,009$29,279$19,384
17 years$54,469$45,589$37,956$31,455$25,961$16,656
18 years$50,907$42,126$34,649$28,347$23,083$14,345
19 years$47,724$39,042$31,720$25,614$20,575$12,378
20 years$44,863$36,280$29,111$23,199$18,378$10,699
21 years$42,277$33,793$26,776$21,054$16,446$9,260
22 years$39,930$31,544$24,679$19,143$14,742$8,025
23 years$37,790$29,503$22,786$17,434$13,233$6,961
24 years$35,831$27,642$21,073$15,901$11,894$6,044
25 years$34,032$25,941$19,518$14,522$10,703$5,252
26 years$32,373$24,380$18,102$13,278$9,641$4,566
27 years$30,841$22,945$16,809$12,153$8,692$3,973
28 years$29,420$21,621$15,627$11,135$7,843$3,458
29 years$28,100$20,397$14,542$10,211$7,082$3,011
30 years$26,869$19,262$13,545$9,371$6,399$2,623
31 years$25,721$18,209$12,628$8,607$5,785$2,286
32 years$24,647$17,230$11,782$7,910$5,233$1,993
33 years$23,639$16,317$11,001$7,274$4,736$1,737
34 years$22,693$15,465$10,279$6,693$4,288$1,515
35 years$21,803$14,668$9,610$6,161$3,884$1,322
36 years$20,965$13,922$8,990$5,674$3,519$1,153
37 years$20,173$13,223$8,414$5,228$3,189$1,006
38 years$19,425$12,566$7,880$4,819$2,891$878
39 years$18,717$11,949$7,382$4,443$2,622$766
40 years$18,046$11,369$6,919$4,098$2,378$669
41 years$17,410$10,822$6,488$3,781$2,158$584
42 years$16,806$10,307$6,086$3,489$1,958$509
43 years$16,231$9,820$5,711$3,221$1,777$445
44 years$15,683$9,361$5,361$2,974$1,613$388
45 years$15,162$8,926$5,034$2,747$1,464$339
46 years$14,665$8,515$4,728$2,537$1,329$296
47 years$14,190$8,126$4,442$2,344$1,207$258
48 years$13,737$7,757$4,174$2,166$1,096$226
49 years$13,303$7,408$3,923$2,002$996$197
50 years$12,888$7,076$3,688$1,850$904$172

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $13,200,000, adding $3,583 every year, while hoping to spend $40,458 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: 60/28/12 Blend
57$13,200,000$13,200,000$13,200,000$13,200,000
58$14,550,096$13,850,496$13,645,896$15,380,763
59$15,991,159$14,486,123$14,059,986$16,575,336
60$17,577,854$15,151,540$14,486,593$17,872,920
61$19,324,993$15,848,164$14,926,092$19,287,358
62$21,248,898$16,577,480$15,378,872$20,829,926
63$23,367,553$17,341,044$15,845,331$22,513,022
64$25,700,776$18,140,487$16,325,882$24,350,281
65$28,270,404$18,977,520$16,820,948$26,356,695
66$31,100,501$19,853,934$17,330,966$28,548,757
67$34,217,582$20,771,607$17,856,384$30,944,606
68$37,650,869$21,732,509$18,397,665$33,564,198
69$41,432,558$22,738,702$18,955,288$36,429,487
70$45,598,130$23,792,350$19,529,741$39,564,631
71$50,186,683$24,895,719$20,121,532$42,996,208
72$55,241,302$26,051,186$20,731,180$46,753,470
73$60,809,462$27,261,242$21,359,221$50,868,605
74$66,943,481$28,528,497$22,006,209$55,377,041
75$73,701,011$29,855,688$22,672,712$60,317,773
76$81,145,582$31,245,684$23,359,316$65,733,721
77$89,347,202$32,701,493$24,066,623$71,672,134
78$98,383,017$34,226,267$24,795,256$78,185,023
79$108,338,041$35,823,310$25,545,853$85,329,651
80$119,305,956$37,496,087$26,319,074$93,169,058
81$131,389,998$39,248,230$27,115,597$101,772,656
82$144,703,929$41,083,544$27,936,121$111,216,869
83$159,373,114$43,006,022$28,781,365$121,585,850
84$175,535,701$45,019,847$29,652,071$132,972,263
85$193,343,928$47,129,405$30,549,000$145,478,152
86$212,965,557$49,339,294$31,472,940$159,215,888
87$234,585,459$51,654,335$32,424,699$174,309,226
88$258,407,360$54,079,581$33,405,111$190,894,456
89$284,655,762$56,620,332$34,415,033$209,121,682
90$313,578,062$59,282,141$35,455,349$229,156,225
91$345,446,891$62,070,832$36,526,970$251,180,172
92$380,562,682$64,992,511$37,630,832$275,394,078
93$419,256,510$68,053,579$38,767,899$302,018,851
94$461,893,216$71,260,746$39,939,166$331,297,818
95$508,874,852$74,621,050$41,145,655$363,499,010
96$560,644,473$78,141,868$42,388,421$398,917,672
97$617,690,323$81,830,934$43,668,547$437,879,039
98$680,550,444$85,696,357$44,987,151$480,741,385
99$749,817,752$89,746,641$46,345,383$527,899,385
100$826,145,637$93,990,701$47,744,428$579,787,827