Can I retire at age 58 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$949,659$941,200$932,947$924,892$917,026$904,817
2 years$470,128$461,373$452,887$444,660$436,679$424,398
3 years$310,306$301,512$293,048$284,898$277,047$265,076
4 years$230,410$221,643$213,264$205,253$197,592$186,023
5 years$182,485$173,771$165,501$157,654$150,207$139,073
6 years$150,546$141,897$133,750$126,077$118,853$108,169
7 years$127,741$119,165$111,147$103,655$96,660$86,428
8 years$110,645$102,146$94,261$86,953$80,188$70,409
9 years$97,355$88,937$81,187$74,065$67,530$58,198
10 years$86,729$78,393$70,781$63,845$57,539$48,647
11 years$78,041$69,789$62,314$55,564$49,486$41,026
12 years$70,806$62,639$55,302$48,737$42,883$34,846
13 years$64,689$56,607$49,409$43,028$37,395$29,770
14 years$59,451$51,454$44,394$38,195$32,780$25,556
15 years$54,914$47,005$40,082$34,063$28,862$22,026
16 years$50,949$43,126$36,340$30,500$25,509$19,048
17 years$47,454$39,717$33,068$27,404$22,618$16,520
18 years$44,351$36,701$30,187$24,697$20,111$14,362
19 years$41,578$34,014$27,635$22,315$17,925$12,512
20 years$39,085$31,607$25,362$20,211$16,011$10,919
21 years$36,832$29,441$23,328$18,343$14,328$9,544
22 years$34,787$27,482$21,500$16,678$12,843$8,354
23 years$32,923$25,703$19,852$15,189$11,529$7,320
24 years$31,216$24,082$18,359$13,853$10,362$6,420
25 years$29,649$22,600$17,005$12,651$9,324$5,636
26 years$28,204$21,240$15,771$11,568$8,399$4,952
27 years$26,869$19,990$14,645$10,588$7,572$4,353
28 years$25,631$18,836$13,614$9,701$6,833$3,829
29 years$24,481$17,770$12,669$8,896$6,170$3,370
30 years$23,409$16,782$11,801$8,164$5,575$2,968
31 years$22,408$15,864$11,002$7,498$5,040$2,614
32 years$21,472$15,011$10,265$6,891$4,559$2,303
33 years$20,595$14,215$9,584$6,337$4,126$2,030
34 years$19,771$13,473$8,955$5,831$3,736$1,790
35 years$18,995$12,779$8,372$5,367$3,384$1,578
36 years$18,265$12,129$7,832$4,943$3,066$1,392
37 years$17,575$11,520$7,331$4,555$2,779$1,228
38 years$16,923$10,948$6,865$4,198$2,519$1,084
39 years$16,307$10,410$6,432$3,871$2,284$956
40 years$15,722$9,905$6,028$3,570$2,072$844
41 years$15,168$9,428$5,653$3,294$1,880$745
42 years$14,641$8,979$5,302$3,040$1,706$658
43 years$14,140$8,555$4,976$2,806$1,548$581
44 years$13,664$8,155$4,670$2,591$1,405$513
45 years$13,209$7,777$4,385$2,393$1,276$453
46 years$12,776$7,419$4,119$2,210$1,158$400
47 years$12,363$7,080$3,870$2,042$1,052$353
48 years$11,967$6,758$3,636$1,887$955$312
49 years$11,590$6,454$3,418$1,744$867$275
50 years$11,228$6,165$3,213$1,612$788$243

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $11,500,000, adding $5,536 every year, while hoping to spend $39,820 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: 46/47/7 Blend
57$11,500,000$11,500,000$11,500,000$11,500,000
58$12,678,710$12,069,210$11,890,960$13,237,413
59$13,929,571$12,618,234$12,246,939$14,171,413
60$15,306,684$13,192,824$12,613,509$15,179,406
61$16,822,886$13,794,193$12,990,982$16,271,900
62$18,492,321$14,423,609$13,379,681$17,456,714
63$20,330,574$15,082,402$13,779,936$18,742,428
64$22,354,818$15,771,965$14,192,089$20,138,459
65$24,583,976$16,493,757$14,616,490$21,655,146
66$27,038,900$17,249,311$15,053,502$23,303,838
67$29,742,569$18,040,228$15,503,495$25,097,002
68$32,720,301$18,868,189$15,966,852$27,048,329
69$35,999,998$19,734,956$16,443,968$29,172,860
70$39,612,404$20,642,375$16,935,247$31,487,119
71$43,591,398$21,592,381$17,441,107$34,009,264
72$47,974,313$22,587,000$17,961,976$36,759,251
73$52,802,288$23,628,358$18,498,298$39,759,013
74$58,120,657$24,718,683$19,050,526$43,032,663
75$63,979,374$25,860,308$19,619,128$46,606,709
76$70,433,488$27,055,681$20,204,587$50,510,296
77$77,543,660$28,307,366$20,807,397$54,775,477
78$85,376,738$29,618,052$21,428,069$59,437,499
79$94,006,384$30,990,555$22,067,128$64,535,131
80$103,513,772$32,427,829$22,725,114$70,111,017
81$113,988,353$33,932,969$23,402,582$76,212,068
82$125,528,702$35,509,221$24,100,105$82,889,894
83$138,243,443$37,159,986$24,818,272$90,201,280
84$152,252,277$38,888,829$25,557,688$98,208,706
85$167,687,116$40,699,488$26,318,976$106,980,928
86$184,693,318$42,595,879$27,102,778$116,593,610
87$203,431,070$44,582,111$27,909,755$127,130,026
88$224,076,892$46,662,487$28,740,584$138,681,831
89$246,825,307$48,841,521$29,595,966$151,349,906
90$271,890,676$51,123,944$30,476,619$165,245,302
91$299,509,223$53,514,714$31,383,284$180,490,262
92$329,941,261$56,019,033$32,316,721$197,219,365
93$363,473,653$58,642,348$33,277,714$215,580,770
94$400,422,517$61,390,376$34,267,070$235,737,600
95$441,136,215$64,269,105$35,285,617$257,869,460
96$485,998,633$67,284,815$36,334,210$282,174,108
97$535,432,814$70,444,092$37,413,726$308,869,302
98$589,904,944$73,753,835$38,525,069$338,194,831
99$649,928,758$77,221,283$39,669,169$370,414,752
100$716,070,387$80,854,021$40,846,981$405,819,857