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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,042,896
2 years$539,626$529,576$519,835$510,392$501,232$491,469
3 years$356,177$346,083$336,368$327,013$318,002$308,469
4 years$264,470$254,408$244,790$235,594$226,802$217,571
5 years$209,461$199,459$189,967$180,959$172,411$163,511
6 years$172,800$162,873$153,521$144,714$136,423$127,864
7 years$146,624$136,781$127,577$118,978$110,948$102,735
8 years$127,001$117,246$108,195$99,807$92,042$84,174
9 years$111,746$102,084$93,189$85,014$77,513$69,987
10 years$99,550$89,982$81,244$73,283$66,045$58,856
11 years$89,578$80,106$71,526$63,778$56,801$49,945
12 years$81,273$71,899$63,477$55,942$49,222$42,692
13 years$74,252$64,975$56,713$49,388$42,923$36,710
14 years$68,239$59,061$50,957$43,841$37,626$31,723
15 years$63,032$53,953$46,007$39,099$33,129$27,528
16 years$58,481$49,501$41,712$35,009$29,279$23,971
17 years$54,469$45,589$37,956$31,455$25,961$20,935
18 years$50,907$42,126$34,649$28,347$23,083$18,331
19 years$47,724$39,042$31,720$25,614$20,575$16,086
20 years$44,863$36,280$29,111$23,199$18,378$14,142
21 years$42,277$33,793$26,776$21,054$16,446$12,454
22 years$39,930$31,544$24,679$19,143$14,742$10,983
23 years$37,790$29,503$22,786$17,434$13,233$9,698
24 years$35,831$27,642$21,073$15,901$11,894$8,572
25 years$34,032$25,941$19,518$14,522$10,703$7,584
26 years$32,373$24,380$18,102$13,278$9,641$6,716
27 years$30,841$22,945$16,809$12,153$8,692$5,952
28 years$29,420$21,621$15,627$11,135$7,843$5,278
29 years$28,100$20,397$14,542$10,211$7,082$4,683
30 years$26,869$19,262$13,545$9,371$6,399$4,157
31 years$25,721$18,209$12,628$8,607$5,785$3,692
32 years$24,647$17,230$11,782$7,910$5,233$3,280
33 years$23,639$16,317$11,001$7,274$4,736$2,915
34 years$22,693$15,465$10,279$6,693$4,288$2,592
35 years$21,803$14,668$9,610$6,161$3,884$2,305
36 years$20,965$13,922$8,990$5,674$3,519$2,050
37 years$20,173$13,223$8,414$5,228$3,189$1,824
38 years$19,425$12,566$7,880$4,819$2,891$1,623
39 years$18,717$11,949$7,382$4,443$2,622$1,445
40 years$18,046$11,369$6,919$4,098$2,378$1,286
41 years$17,410$10,822$6,488$3,781$2,158$1,145
42 years$16,806$10,307$6,086$3,489$1,958$1,019
43 years$16,231$9,820$5,711$3,221$1,777$908
44 years$15,683$9,361$5,361$2,974$1,613$808
45 years$15,162$8,926$5,034$2,747$1,464$720
46 years$14,665$8,515$4,728$2,537$1,329$641
47 years$14,190$8,126$4,442$2,344$1,207$571
48 years$13,737$7,757$4,174$2,166$1,096$509
49 years$13,303$7,408$3,923$2,002$996$453
50 years$12,888$7,076$3,688$1,850$904$404

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 $3,634 every year, while hoping to spend $26,532 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: 33/44/23 Blend
57$13,200,000$13,200,000$13,200,000$13,200,000
58$14,550,148$13,850,548$13,645,948$14,927,640
59$16,006,034$14,500,996$14,074,858$15,861,274
60$17,609,530$15,182,425$14,517,247$16,864,136
61$19,375,666$15,896,328$14,973,538$17,944,439
62$21,321,001$16,644,265$15,444,169$19,109,028
63$23,463,785$17,427,876$15,929,590$20,365,405
64$25,824,126$18,248,877$16,430,266$21,721,784
65$28,424,183$19,109,068$16,946,677$23,187,169
66$31,288,375$20,010,338$17,479,316$24,771,430
67$34,443,610$20,954,665$18,028,693$26,485,386
68$37,919,539$21,944,124$18,595,336$28,340,902
69$41,748,838$22,980,892$19,179,785$30,350,996
70$45,967,512$24,067,248$19,782,600$32,529,946
71$50,615,240$25,205,585$20,404,359$34,893,424
72$55,735,746$26,398,411$21,045,657$37,458,628
73$61,377,213$27,648,354$21,707,107$40,244,442
74$67,592,737$28,958,171$22,389,344$43,271,596
75$74,440,829$30,330,754$23,093,019$46,562,858
76$81,985,965$31,769,133$23,818,807$50,143,236
77$90,299,198$33,276,485$24,567,402$54,040,200
78$99,458,828$34,856,144$25,339,521$58,283,932
79$109,551,136$36,511,603$26,135,903$62,907,599
80$120,671,206$38,246,526$26,957,310$67,947,652
81$132,923,818$40,064,755$27,804,529$73,444,154
82$146,424,437$41,970,317$28,678,370$79,441,148
83$161,300,305$43,967,438$29,579,671$85,987,054
84$177,691,639$46,060,545$30,509,292$93,135,115
85$195,752,958$48,254,284$31,468,126$100,943,878
86$215,654,540$50,553,524$32,457,089$109,477,731
87$237,584,030$52,963,373$33,477,127$118,807,496
88$261,748,208$55,489,185$34,529,218$129,011,076
89$288,374,946$58,136,576$35,614,368$140,174,168
90$317,715,357$60,911,435$36,733,615$152,391,058
91$350,046,163$63,819,936$37,888,032$165,765,484
92$385,672,314$66,868,554$39,078,722$180,411,594
93$424,929,857$70,064,080$40,306,827$196,455,002
94$468,189,116$73,413,635$41,573,520$214,033,944
95$515,858,188$76,924,684$42,880,014$233,300,565
96$568,386,788$80,605,059$44,227,560$254,422,319
97$626,270,505$84,462,971$45,617,447$277,583,529
98$690,055,471$88,507,031$47,051,006$302,987,092
99$760,343,522$92,746,269$48,529,609$330,856,366
100$837,797,881$97,190,156$50,054,670$361,437,246