Can I retire at age 58 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$924,886$916,647$908,609$900,764$893,104$863,478
2 years$457,864$449,337$441,073$433,060$425,287$395,728
3 years$302,211$293,647$285,403$277,466$269,820$241,254
4 years$224,399$215,861$207,700$199,898$192,438$165,084
5 years$177,725$169,238$161,184$153,541$146,288$120,220
6 years$146,618$138,195$130,261$122,788$115,753$90,991
7 years$124,408$116,056$108,247$100,951$94,138$70,679
8 years$107,758$99,482$91,802$84,685$78,097$55,924
9 years$94,815$86,617$79,069$72,133$65,769$44,855
10 years$84,467$76,348$68,934$62,179$56,038$36,351
11 years$76,005$67,969$60,689$54,115$48,195$29,696
12 years$68,959$61,005$53,860$47,466$41,764$24,413
13 years$63,002$55,131$48,120$41,905$36,419$20,172
14 years$57,900$50,112$43,236$37,199$31,925$16,735
15 years$53,482$45,778$39,036$33,175$28,109$13,930
16 years$49,620$42,001$35,392$29,704$24,843$11,626
17 years$46,216$38,681$32,205$26,689$22,028$9,725
18 years$43,194$35,743$29,399$24,052$19,586$8,150
19 years$40,493$33,126$26,914$21,733$17,457$6,841
20 years$38,065$30,783$24,700$19,684$15,593$5,749
21 years$35,871$28,673$22,719$17,864$13,954$4,836
22 years$33,880$26,765$20,939$16,243$12,508$4,072
23 years$32,064$25,033$19,334$14,793$11,228$3,432
24 years$30,402$23,454$17,881$13,492$10,092$2,894
25 years$28,875$22,010$16,561$12,321$9,081$2,441
26 years$27,468$20,686$15,359$11,266$8,180$2,060
27 years$26,168$19,468$14,263$10,312$7,375$1,740
28 years$24,962$18,345$13,259$9,448$6,655$1,469
29 years$23,842$17,306$12,339$8,664$6,009$1,241
30 years$22,798$16,344$11,493$7,951$5,429$1,049
31 years$21,824$15,450$10,715$7,303$4,909$886
32 years$20,912$14,619$9,997$6,711$4,440$749
33 years$20,058$13,845$9,334$6,172$4,018$633
34 years$19,255$13,122$8,721$5,679$3,638$536
35 years$18,500$12,446$8,154$5,227$3,295$453
36 years$17,788$11,813$7,628$4,814$2,986$383
37 years$17,117$11,219$7,139$4,436$2,706$324
38 years$16,482$10,662$6,686$4,089$2,453$274
39 years$15,881$10,139$6,264$3,770$2,225$232
40 years$15,312$9,646$5,871$3,477$2,018$196
41 years$14,772$9,182$5,505$3,208$1,831$166
42 years$14,259$8,745$5,164$2,961$1,661$140
43 years$13,771$8,332$4,846$2,733$1,508$119
44 years$13,307$7,942$4,549$2,524$1,368$100
45 years$12,865$7,574$4,271$2,331$1,242$85
46 years$12,443$7,225$4,011$2,153$1,128$72
47 years$12,040$6,895$3,769$1,989$1,024$61
48 years$11,655$6,582$3,541$1,838$930$51
49 years$11,287$6,286$3,329$1,698$845$43
50 years$10,935$6,004$3,130$1,570$767$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,200,000, adding $6,266 every year, while hoping to spend $54,271 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: 63/15/22 Blend
57$11,200,000$11,200,000$11,200,000$11,200,000
58$12,348,863$11,755,263$11,581,663$13,055,825
59$13,550,704$12,273,527$11,911,905$14,051,921
60$14,873,312$12,815,367$12,251,391$15,132,747
61$16,328,951$13,381,881$12,600,374$16,311,976
62$17,931,130$13,974,219$12,959,112$17,599,228
63$19,694,734$14,593,585$13,327,871$19,005,088
64$21,636,167$15,241,241$13,706,925$20,541,204
65$23,773,502$15,918,508$14,096,553$22,220,396
66$26,126,655$16,626,770$14,497,043$24,056,773
67$28,717,569$17,367,477$14,908,689$26,065,865
68$31,570,425$18,142,147$15,331,794$28,264,769
69$34,711,868$18,952,372$15,766,668$30,672,303
70$38,171,257$19,799,817$16,213,631$33,309,186
71$41,980,946$20,686,228$16,673,008$36,198,228
72$46,176,584$21,613,435$17,145,136$39,364,544
73$50,797,455$22,583,353$17,630,357$42,835,786
74$55,886,847$23,597,989$18,129,025$46,642,405
75$61,492,460$24,659,445$18,641,503$50,817,929
76$67,666,859$25,769,926$19,168,161$55,399,283
77$74,467,964$26,931,738$19,709,380$60,427,130
78$81,959,604$28,147,300$20,265,551$65,946,252
79$90,212,111$29,419,146$20,837,075$72,005,969
80$99,302,992$30,749,929$21,424,363$78,660,602
81$109,317,655$32,142,433$22,027,836$85,969,979
82$120,350,214$33,599,571$22,647,927$93,999,998
83$132,504,382$35,124,396$23,285,079$102,823,245
84$145,894,446$36,720,109$23,939,747$112,519,670
85$160,646,348$38,390,062$24,612,396$123,177,345
86$176,898,869$40,137,769$25,303,505$134,893,281
87$194,804,946$41,966,911$26,013,564$147,774,347
88$214,533,107$43,881,347$26,743,076$161,938,269
89$236,269,070$45,885,119$27,492,554$177,514,734
90$260,217,489$47,982,463$28,262,529$194,646,613
91$286,603,889$50,177,821$29,053,540$213,491,303
92$315,676,795$52,475,843$29,866,143$234,222,202
93$347,710,075$54,881,407$30,700,906$257,030,342
94$383,005,529$57,399,622$31,558,413$282,126,189
95$421,895,734$60,035,844$32,439,260$309,741,615
96$464,747,184$62,795,686$33,344,060$340,132,088
97$511,963,751$65,685,029$34,273,441$373,579,066
98$563,990,498$68,710,040$35,228,046$410,392,656
99$621,317,876$71,877,179$36,208,532$450,914,525
100$684,486,358$75,193,219$37,215,576$495,521,122