Can I retire at age 58 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$908,370$900,278$892,384$884,679$877,155$849,417
2 years$449,688$441,313$433,196$425,327$417,693$389,999
3 years$296,814$288,403$280,307$272,511$265,002$238,220
4 years$220,392$212,007$203,991$196,329$189,001$163,338
5 years$174,551$166,216$158,306$150,799$143,676$119,199
6 years$144,000$135,728$127,935$120,595$113,686$90,417
7 years$122,187$113,984$106,314$99,148$92,457$70,394
8 years$105,834$97,705$90,163$83,173$76,702$55,829
9 years$93,122$85,070$77,657$70,845$64,594$44,889
10 years$82,958$74,985$67,703$61,069$55,037$36,470
11 years$74,648$66,755$59,605$53,148$47,334$29,870
12 years$67,728$59,915$52,898$46,618$41,019$24,622
13 years$61,877$54,146$47,261$41,157$35,769$20,399
14 years$56,866$49,217$42,464$36,534$31,355$16,971
15 years$52,527$44,961$38,339$32,582$27,607$14,166
16 years$48,734$41,251$34,760$29,174$24,400$11,858
17 years$45,391$37,990$31,630$26,213$21,634$9,948
18 years$42,423$35,105$28,874$23,623$19,236$8,362
19 years$39,770$32,535$26,433$21,345$17,146$7,040
20 years$37,386$30,233$24,259$19,332$15,315$5,934
21 years$35,231$28,161$22,314$17,545$13,705$5,008
22 years$33,275$26,287$20,566$15,953$12,285$4,230
23 years$31,491$24,586$18,989$14,528$11,027$3,576
24 years$29,859$23,035$17,561$13,251$9,912$3,025
25 years$28,360$21,617$16,265$12,101$8,919$2,560
26 years$26,978$20,317$15,085$11,065$8,034$2,167
27 years$25,701$19,121$14,008$10,128$7,243$1,836
28 years$24,517$18,017$13,022$9,279$6,536$1,556
29 years$23,416$16,997$12,118$8,509$5,902$1,319
30 years$22,391$16,052$11,288$7,809$5,332$1,118
31 years$21,434$15,175$10,523$7,172$4,821$948
32 years$20,539$14,358$9,818$6,592$4,361$804
33 years$19,699$13,597$9,167$6,061$3,947$682
34 years$18,911$12,887$8,565$5,577$3,573$578
35 years$18,169$12,223$8,008$5,134$3,236$491
36 years$17,471$11,602$7,491$4,728$2,932$416
37 years$16,811$11,019$7,012$4,357$2,658$353
38 years$16,188$10,472$6,566$4,016$2,409$300
39 years$15,598$9,958$6,152$3,702$2,185$254
40 years$15,039$9,474$5,766$3,415$1,982$216
41 years$14,508$9,018$5,407$3,151$1,798$183
42 years$14,005$8,589$5,072$2,908$1,632$156
43 years$13,526$8,183$4,759$2,684$1,481$132
44 years$13,070$7,801$4,467$2,478$1,344$112
45 years$12,635$7,439$4,195$2,289$1,220$95
46 years$12,221$7,096$3,940$2,114$1,108$81
47 years$11,825$6,772$3,701$1,953$1,006$69
48 years$11,447$6,465$3,478$1,805$914$58
49 years$11,086$6,173$3,269$1,668$830$49
50 years$10,740$5,897$3,074$1,542$754$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,000,000, adding $5,552 every year, while hoping to spend $28,333 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: 49/24/27 Blend
57$11,000,000$11,000,000$11,000,000$11,000,000
58$12,127,727$11,544,727$11,374,227$12,628,746
59$13,334,609$12,080,272$11,725,117$13,515,721
60$14,663,643$12,641,110$12,086,813$14,475,566
61$16,127,260$13,228,449$12,459,646$15,517,865
62$17,739,155$13,843,558$12,843,959$16,650,427
63$19,514,421$14,487,764$13,240,104$17,881,837
64$21,469,689$15,162,462$13,648,444$19,221,526
65$23,623,285$15,869,111$14,069,355$20,679,863
66$25,995,405$16,609,242$14,503,223$22,268,245
67$28,608,301$17,384,459$14,950,446$23,999,204
68$31,486,495$18,196,445$15,411,434$25,886,519
69$34,657,010$19,046,964$15,886,609$27,945,344
70$38,149,622$19,937,862$16,376,408$30,192,345
71$41,997,146$20,871,079$16,881,279$32,645,854
72$46,235,738$21,848,646$17,401,686$35,326,036
73$50,905,247$22,872,692$17,938,105$38,255,077
74$56,049,579$23,945,451$18,491,028$41,457,385
75$61,717,120$25,069,263$19,060,963$44,959,820
76$67,961,192$26,246,582$19,648,430$48,791,935
77$74,840,550$27,479,981$20,253,969$52,986,258
78$82,419,942$28,772,156$20,878,133$57,578,584
79$90,770,721$30,125,937$21,521,495$62,608,313
80$99,971,514$31,544,287$22,184,645$68,118,815
81$110,108,966$33,030,315$22,868,188$74,157,827
82$121,278,559$34,587,279$23,572,751$80,777,903
83$133,585,514$36,218,597$24,298,980$88,036,900
84$147,145,778$37,927,850$25,047,538$95,998,516
85$162,087,128$39,718,795$25,819,110$104,732,884
86$178,550,368$41,595,369$26,614,404$114,317,224
87$196,690,665$43,561,702$27,434,146$124,836,566
88$216,679,009$45,622,122$28,279,086$136,384,540
89$238,703,831$47,781,168$29,149,998$149,064,253
90$262,972,776$50,043,600$30,047,677$162,989,251
91$289,714,670$52,414,407$30,972,945$178,284,581
92$319,181,675$54,898,822$31,926,648$195,087,958
93$351,651,672$57,502,330$32,909,657$213,551,057
94$387,430,883$60,230,685$33,922,871$233,840,931
95$426,856,762$63,089,918$34,967,216$256,141,576
96$470,301,181$66,086,352$36,043,646$280,655,653
97$518,173,938$69,226,620$37,153,145$307,606,391
98$570,926,631$72,517,676$38,296,727$337,239,675
99$629,056,916$75,966,810$39,475,436$369,826,359
100$693,113,206$79,581,669$40,690,348$405,664,799