Can I retire at age 58 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$979,046
2 years$511,009$501,492$492,268$483,326$474,651$456,858
3 years$337,289$327,731$318,530$309,671$301,138$283,827
4 years$250,446$240,917$231,808$223,101$214,774$198,078
5 years$198,353$188,882$179,893$171,363$163,268$147,235
6 years$163,636$154,236$145,380$137,040$129,188$113,837
7 years$138,848$129,527$120,812$112,668$105,065$90,399
8 years$120,266$111,029$102,458$94,515$87,161$73,178
9 years$105,820$96,670$88,247$80,506$73,402$60,093
10 years$94,271$85,210$76,936$69,397$62,543$49,895
11 years$84,827$75,858$67,733$60,396$53,789$41,790
12 years$76,963$68,086$60,111$52,975$46,612$35,245
13 years$70,314$61,530$53,705$46,769$40,647$29,894
14 years$64,620$55,929$48,255$41,516$35,631$25,474
15 years$59,690$51,092$43,567$37,025$31,372$21,791
16 years$55,380$46,876$39,500$33,152$27,727$18,700
17 years$51,581$43,171$35,944$29,787$24,584$16,092
18 years$48,208$39,892$32,812$26,844$21,859$13,879
19 years$45,193$36,971$30,038$24,256$19,484$11,994
20 years$42,484$34,356$27,567$21,968$17,403$10,382
21 years$40,035$32,001$25,356$19,938$15,574$9,000
22 years$37,812$29,872$23,370$18,128$13,960$7,811
23 years$35,786$27,938$21,578$16,509$12,531$6,786
24 years$33,931$26,176$19,956$15,058$11,263$5,901
25 years$32,227$24,565$18,483$13,752$10,135$5,136
26 years$30,657$23,087$17,142$12,574$9,129$4,473
27 years$29,205$21,728$15,918$11,509$8,231$3,898
28 years$27,860$20,474$14,798$10,545$7,427$3,398
29 years$26,609$19,315$13,771$9,670$6,706$2,964
30 years$25,445$18,241$12,827$8,874$6,060$2,586
31 years$24,357$17,244$11,958$8,150$5,478$2,258
32 years$23,340$16,316$11,157$7,490$4,956$1,971
33 years$22,386$15,452$10,418$6,888$4,485$1,722
34 years$21,490$14,645$9,734$6,338$4,061$1,504
35 years$20,647$13,890$9,100$5,834$3,678$1,314
36 years$19,853$13,184$8,513$5,373$3,332$1,148
37 years$19,103$12,522$7,968$4,951$3,020$1,004
38 years$18,395$11,900$7,462$4,563$2,738$877
39 years$17,725$11,316$6,991$4,207$2,483$767
40 years$17,089$10,766$6,552$3,881$2,252$670
41 years$16,487$10,248$6,144$3,580$2,043$586
42 years$15,914$9,760$5,763$3,304$1,854$513
43 years$15,370$9,299$5,408$3,050$1,683$448
44 years$14,852$8,864$5,077$2,816$1,527$392
45 years$14,358$8,453$4,767$2,601$1,387$343
46 years$13,887$8,064$4,477$2,403$1,259$300
47 years$13,438$7,695$4,206$2,220$1,143$262
48 years$13,008$7,346$3,953$2,051$1,038$229
49 years$12,597$7,015$3,715$1,896$943$201
50 years$12,204$6,701$3,493$1,752$856$176

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,500,000, adding $4,853 every year, while hoping to spend $39,651 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: 64/11/25 Blend
57$12,500,000$12,500,000$12,500,000$12,500,000
58$13,780,006$13,117,506$12,923,756$14,571,171
59$15,143,378$13,718,075$13,314,513$15,706,723
60$16,644,485$14,346,744$13,717,032$16,942,071
61$18,297,335$15,004,846$14,131,665$18,290,971
62$20,117,361$15,693,781$14,558,773$19,764,561
63$22,121,571$16,415,016$14,998,732$21,375,103
64$24,328,706$17,170,087$15,451,924$23,136,091
65$26,759,418$17,960,604$15,918,747$25,062,379
66$29,436,461$18,788,256$16,399,607$27,170,316
67$32,384,911$19,654,812$16,894,925$29,477,899
68$35,632,400$20,562,126$17,405,133$32,004,942
69$39,209,376$21,512,141$17,930,677$34,773,260
70$43,149,391$22,506,895$18,472,013$37,806,870
71$47,489,419$23,548,523$19,029,616$41,132,217
72$52,270,201$24,639,263$19,603,970$44,778,418
73$57,536,635$25,781,459$20,195,575$48,777,540
74$63,338,193$26,977,572$20,804,949$53,164,891
75$69,729,394$28,230,178$21,432,620$57,979,358
76$76,770,314$29,541,980$22,079,135$63,263,763
77$84,527,157$30,915,808$22,745,057$69,065,271
78$93,072,876$32,354,631$23,430,965$75,435,826
79$102,487,862$33,861,560$24,137,455$82,432,641
80$112,860,706$35,439,859$24,865,141$90,118,731
81$124,289,031$37,092,944$25,614,656$98,563,507
82$136,880,415$38,824,402$26,386,651$107,843,424
83$150,753,409$40,637,990$27,181,795$118,042,698
84$166,038,651$42,537,645$28,000,780$129,254,101
85$182,880,102$44,527,498$28,844,314$141,579,825
86$201,436,405$46,611,878$29,713,131$155,132,446
87$221,882,380$48,795,322$30,607,982$170,035,981
88$244,410,677$51,082,587$31,529,645$186,427,051
89$269,233,594$53,478,662$32,478,916$204,456,168
90$296,585,079$55,988,775$33,456,618$224,289,145
91$326,722,940$58,618,408$34,463,598$246,108,662
92$359,931,278$61,373,307$35,500,726$270,115,978
93$396,523,167$64,259,499$36,568,899$296,532,825
94$436,843,615$67,283,299$37,669,042$325,603,497
95$481,272,814$70,451,330$38,802,105$357,597,148
96$530,229,732$73,770,536$39,969,066$392,810,321
97$584,176,069$77,248,197$41,170,934$431,569,744
98$643,620,614$80,891,945$42,408,747$474,235,406
99$709,124,048$84,709,781$43,683,571$521,203,943
100$781,304,237$88,710,097$44,996,507$572,912,376