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%18.3%
1 years$924,886$916,647$908,609$900,764$893,104$863,134
2 years$457,864$449,337$441,073$433,060$425,287$395,389
3 years$302,211$293,647$285,403$277,466$269,820$240,931
4 years$224,399$215,861$207,700$199,898$192,438$164,780
5 years$177,725$169,238$161,184$153,541$146,288$119,935
6 years$146,618$138,195$130,261$122,788$115,753$90,726
7 years$124,408$116,056$108,247$100,951$94,138$70,433
8 years$107,758$99,482$91,802$84,685$78,097$55,696
9 years$94,815$86,617$79,069$72,133$65,769$44,645
10 years$84,467$76,348$68,934$62,179$56,038$36,158
11 years$76,005$67,969$60,689$54,115$48,195$29,519
12 years$68,959$61,005$53,860$47,466$41,764$24,252
13 years$63,002$55,131$48,120$41,905$36,419$20,025
14 years$57,900$50,112$43,236$37,199$31,925$16,601
15 years$53,482$45,778$39,036$33,175$28,109$13,809
16 years$49,620$42,001$35,392$29,704$24,843$11,517
17 years$46,216$38,681$32,205$26,689$22,028$9,627
18 years$43,194$35,743$29,399$24,052$19,586$8,062
19 years$40,493$33,126$26,914$21,733$17,457$6,761
20 years$38,065$30,783$24,700$19,684$15,593$5,678
21 years$35,871$28,673$22,719$17,864$13,954$4,773
22 years$33,880$26,765$20,939$16,243$12,508$4,016
23 years$32,064$25,033$19,334$14,793$11,228$3,381
24 years$30,402$23,454$17,881$13,492$10,092$2,849
25 years$28,875$22,010$16,561$12,321$9,081$2,401
26 years$27,468$20,686$15,359$11,266$8,180$2,025
27 years$26,168$19,468$14,263$10,312$7,375$1,708
28 years$24,962$18,345$13,259$9,448$6,655$1,442
29 years$23,842$17,306$12,339$8,664$6,009$1,217
30 years$22,798$16,344$11,493$7,951$5,429$1,028
31 years$21,824$15,450$10,715$7,303$4,909$868
32 years$20,912$14,619$9,997$6,711$4,440$733
33 years$20,058$13,845$9,334$6,172$4,018$619
34 years$19,255$13,122$8,721$5,679$3,638$523
35 years$18,500$12,446$8,154$5,227$3,295$442
36 years$17,788$11,813$7,628$4,814$2,986$373
37 years$17,117$11,219$7,139$4,436$2,706$315
38 years$16,482$10,662$6,686$4,089$2,453$267
39 years$15,881$10,139$6,264$3,770$2,225$225
40 years$15,312$9,646$5,871$3,477$2,018$190
41 years$14,772$9,182$5,505$3,208$1,831$161
42 years$14,259$8,745$5,164$2,961$1,661$136
43 years$13,771$8,332$4,846$2,733$1,508$115
44 years$13,307$7,942$4,549$2,524$1,368$97
45 years$12,865$7,574$4,271$2,331$1,242$82
46 years$12,443$7,225$4,011$2,153$1,128$69
47 years$12,040$6,895$3,769$1,989$1,024$59
48 years$11,655$6,582$3,541$1,838$930$50
49 years$11,287$6,286$3,329$1,698$845$42
50 years$10,935$6,004$3,130$1,570$767$35

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 $4,286 every year, while hoping to spend $27,950 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: 48/41/11 Blend
57$11,200,000$11,200,000$11,200,000$11,200,000
58$12,346,821$11,753,221$11,579,621$12,902,025
59$13,576,458$12,299,390$11,937,800$13,830,560
60$14,930,582$12,871,385$12,307,041$14,834,891
61$16,421,859$13,470,441$12,687,685$15,924,710
62$18,064,251$14,097,855$13,080,084$17,107,996
63$19,873,138$14,754,983$13,484,600$18,393,511
64$21,865,471$15,443,250$13,901,608$19,790,877
65$24,059,928$16,164,149$14,331,491$21,310,659
66$26,477,091$16,919,243$14,774,646$22,964,463
67$29,139,642$17,710,173$15,231,484$24,765,036
68$32,072,571$18,538,657$15,702,425$26,726,388
69$35,303,422$19,406,500$16,187,904$28,863,911
70$38,862,541$20,315,589$16,688,370$31,194,521
71$42,783,374$21,267,905$17,204,283$33,736,814
72$47,102,771$22,265,527$17,736,120$36,511,230
73$51,861,346$23,310,629$18,284,372$39,540,244
74$57,103,849$24,405,496$18,849,544$42,848,566
75$62,879,596$25,552,519$19,432,158$46,463,372
76$69,242,930$26,754,208$20,032,751$50,414,546
77$76,253,737$28,013,193$20,651,876$54,734,960
78$83,978,010$29,332,230$21,290,106$59,460,772
79$92,488,469$30,714,212$21,948,027$64,631,760
80$101,865,254$32,162,169$22,626,246$70,291,686
81$112,196,674$33,679,280$23,325,389$76,488,700
82$123,580,045$35,268,875$24,046,101$83,275,786
83$136,122,608$36,934,449$24,789,044$90,711,248
84$149,942,542$38,679,664$25,554,904$98,859,249
85$165,170,074$40,508,360$26,344,386$107,790,409
86$181,948,716$42,424,565$27,158,218$117,582,453
87$200,436,616$44,432,499$27,997,149$128,320,936
88$220,808,049$46,536,590$28,861,951$140,100,035
89$243,255,065$48,741,478$29,753,422$153,023,424
90$267,989,302$51,052,031$30,672,382$167,205,236
91$295,243,981$53,473,350$31,619,677$182,771,128
92$325,276,110$56,010,788$32,596,179$199,859,447
93$358,368,909$58,669,952$33,602,788$218,622,520
94$394,834,485$61,456,727$34,640,428$239,228,075
95$435,016,776$64,377,280$35,710,056$261,860,802
96$479,294,800$67,438,079$36,812,655$286,724,082
97$528,086,231$70,645,907$37,949,240$314,041,879
98$581,851,344$74,007,873$39,120,857$344,060,838
99$641,097,358$77,531,436$40,328,583$377,052,588
100$706,383,227$81,224,415$41,573,529$413,316,281