Can I retire at age 58 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$999,207$990,306$981,623$973,147$964,871$953,209
2 years$494,657$485,444$476,516$467,859$459,462$447,726
3 years$326,495$317,243$308,337$299,762$291,502$280,056
4 years$242,431$233,207$224,391$215,962$207,902$196,834
5 years$192,006$182,837$174,136$165,879$158,043$147,386
6 years$158,400$149,300$140,728$132,655$125,054$114,821
7 years$134,405$125,382$116,946$109,063$101,703$91,896
8 years$116,417$107,476$99,179$91,490$84,372$74,993
9 years$102,434$93,577$85,423$77,929$71,054$62,097
10 years$91,254$82,484$74,474$67,176$60,541$52,001
11 years$82,113$73,430$65,565$58,463$52,067$43,936
12 years$74,500$65,907$58,188$51,280$45,121$37,390
13 years$68,064$59,561$51,987$45,273$39,346$32,006
14 years$62,552$54,139$46,710$40,188$34,490$27,530
15 years$57,780$49,457$42,173$35,841$30,368$23,776
16 years$53,608$45,376$38,236$32,091$26,839$20,604
17 years$49,930$41,789$34,793$28,834$23,798$17,907
18 years$46,665$38,615$31,762$25,985$21,160$15,601
19 years$43,747$35,788$29,077$23,480$18,860$13,621
20 years$41,124$33,256$26,685$21,265$16,846$11,914
21 years$38,754$30,977$24,545$19,300$15,076$10,437
22 years$36,602$28,916$22,622$17,548$13,513$9,156
23 years$34,641$27,044$20,887$15,981$12,130$8,041
24 years$32,845$25,339$19,317$14,576$10,903$7,070
25 years$31,196$23,779$17,892$13,311$9,811$6,221
26 years$29,676$22,349$16,594$12,171$8,837$5,479
27 years$28,271$21,033$15,409$11,141$7,968$4,828
28 years$26,968$19,819$14,324$10,207$7,189$4,257
29 years$25,758$18,697$13,330$9,360$6,492$3,756
30 years$24,630$17,657$12,416$8,590$5,866$3,315
31 years$23,578$16,692$11,576$7,890$5,303$2,927
32 years$22,593$15,794$10,800$7,251$4,797$2,586
33 years$21,669$14,957$10,084$6,668$4,341$2,285
34 years$20,802$14,176$9,422$6,135$3,931$2,020
35 years$19,986$13,446$8,809$5,647$3,560$1,785
36 years$19,218$12,762$8,241$5,201$3,226$1,579
37 years$18,492$12,121$7,713$4,792$2,924$1,396
38 years$17,806$11,519$7,223$4,417$2,650$1,235
39 years$17,158$10,954$6,767$4,073$2,403$1,093
40 years$16,543$10,421$6,343$3,757$2,180$967
41 years$15,959$9,920$5,948$3,466$1,978$856
42 years$15,405$9,448$5,579$3,199$1,795$757
43 years$14,878$9,002$5,235$2,953$1,629$670
44 years$14,377$8,581$4,914$2,726$1,478$593
45 years$13,899$8,182$4,614$2,518$1,342$525
46 years$13,443$7,806$4,334$2,326$1,219$465
47 years$13,008$7,449$4,071$2,149$1,107$412
48 years$12,592$7,111$3,826$1,985$1,005$365
49 years$12,194$6,791$3,596$1,835$913$323
50 years$11,814$6,487$3,381$1,696$829$286

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,100,000, adding $6,868 every year, while hoping to spend $22,150 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: 54/38/8 Blend
57$12,100,000$12,100,000$12,100,000$12,100,000
58$13,341,284$12,699,984$12,512,434$14,035,586
59$14,678,528$13,298,716$12,908,033$15,105,069
60$16,151,428$13,926,043$13,316,143$16,265,427
61$17,773,798$14,583,344$13,737,158$17,527,748
62$19,560,860$15,272,062$14,171,487$18,901,700
63$21,529,388$15,993,713$14,619,552$20,397,904
64$23,697,864$16,749,885$15,081,786$22,028,028
65$26,086,659$17,542,241$15,558,639$23,804,894
66$28,718,217$18,372,530$16,050,571$25,742,592
67$31,617,271$19,242,579$16,558,061$27,856,610
68$34,811,077$20,154,310$17,081,601$30,163,973
69$38,329,669$21,109,734$17,621,698$32,683,399
70$42,206,147$22,110,962$18,178,875$35,435,467
71$46,476,980$23,160,206$18,753,674$38,442,808
72$51,182,361$24,259,785$19,346,652$41,730,310
73$56,366,581$25,412,133$19,958,383$45,325,347
74$62,078,444$26,619,800$20,589,461$49,258,028
75$68,371,736$27,885,461$21,240,498$53,561,476
76$75,305,724$29,211,919$21,912,126$58,272,130
77$82,945,721$30,602,116$22,604,995$63,430,082
78$91,363,700$32,059,136$23,319,778$69,079,448
79$100,638,975$33,586,211$24,057,169$75,268,771
80$110,858,948$35,186,733$24,817,881$82,051,473
81$122,119,934$36,864,256$25,602,653$89,486,349
82$134,528,071$38,622,509$26,412,246$97,638,107
83$148,200,324$40,465,401$27,247,446$106,577,975
84$163,265,584$42,397,033$28,109,062$116,384,355
85$179,865,888$44,421,702$28,997,931$127,143,552
86$198,157,761$46,543,917$29,914,913$138,950,581
87$218,313,690$48,768,406$30,860,900$151,910,042
88$240,523,754$51,100,126$31,836,808$166,137,100
89$264,997,420$53,544,275$32,843,584$181,758,555
90$291,965,517$56,106,305$33,882,205$198,914,024
91$321,682,419$58,791,933$34,953,677$217,757,241
92$354,428,442$61,607,154$36,059,042$238,457,492
93$390,512,493$64,558,255$37,199,370$261,201,197
94$430,274,987$67,651,829$38,375,768$286,193,649
95$474,091,056$70,894,790$39,589,378$313,660,934
96$522,374,098$74,294,388$40,841,376$343,852,043
97$575,579,671$77,858,228$42,132,977$377,041,202
98$634,209,800$81,594,284$43,465,434$413,530,437
99$698,817,714$85,510,918$44,840,041$453,652,406
100$770,013,069$89,616,901$46,258,129$497,773,508