Can I retire at age 58 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$978,341
2 years$519,185$509,516$500,145$491,059$482,246$447,959
3 years$342,685$332,974$323,627$314,626$305,956$272,833
4 years$254,453$244,771$235,517$226,670$218,211$186,505
5 years$201,527$191,904$182,771$174,105$165,880$135,676
6 years$166,255$156,704$147,706$139,233$131,255$102,577
7 years$141,070$131,600$122,745$114,471$106,746$79,588
8 years$122,190$112,805$104,097$96,027$88,556$62,898
9 years$107,513$98,217$89,659$81,794$74,577$50,387
10 years$95,779$86,574$78,167$70,507$63,543$40,783
11 years$86,184$77,071$68,817$61,362$54,649$33,273
12 years$78,195$69,175$61,073$53,823$47,358$27,318
13 years$71,439$62,514$54,565$47,517$41,297$22,541
14 years$65,654$56,824$49,027$42,181$36,201$18,675
15 years$60,645$51,909$44,264$37,618$31,874$15,522
16 years$56,266$47,626$40,132$33,683$28,170$12,937
17 years$52,406$43,862$36,519$30,264$24,978$10,806
18 years$48,979$40,530$33,337$27,274$22,209$9,042
19 years$45,916$37,563$30,518$24,644$19,795$7,578
20 years$43,163$34,905$28,008$22,320$17,682$6,358
21 years$40,676$32,513$25,762$20,257$15,823$5,341
22 years$38,417$30,350$23,744$18,418$14,183$4,490
23 years$36,358$28,385$21,923$16,774$12,732$3,778
24 years$34,474$26,595$20,275$15,299$11,443$3,180
25 years$32,743$24,958$18,779$13,972$10,297$2,679
26 years$31,147$23,457$17,417$12,775$9,276$2,257
27 years$29,672$22,076$16,173$11,693$8,363$1,903
28 years$28,306$20,802$15,035$10,713$7,546$1,604
29 years$27,035$19,624$13,991$9,824$6,814$1,353
30 years$25,852$18,533$13,032$9,016$6,157$1,142
31 years$24,747$17,520$12,150$8,281$5,566$963
32 years$23,713$16,577$11,336$7,610$5,035$813
33 years$22,744$15,699$10,584$6,998$4,557$686
34 years$21,834$14,879$9,889$6,439$4,126$579
35 years$20,977$14,112$9,246$5,927$3,737$489
36 years$20,171$13,395$8,649$5,459$3,386$413
37 years$19,409$12,722$8,095$5,030$3,068$348
38 years$18,689$12,090$7,581$4,636$2,782$294
39 years$18,008$11,497$7,103$4,275$2,523$248
40 years$17,363$10,938$6,657$3,943$2,288$210
41 years$16,751$10,412$6,242$3,638$2,076$177
42 years$16,169$9,916$5,856$3,357$1,884$150
43 years$15,616$9,448$5,495$3,099$1,710$126
44 years$15,089$9,006$5,158$2,861$1,552$107
45 years$14,588$8,588$4,843$2,643$1,409$90
46 years$14,109$8,193$4,549$2,441$1,279$76
47 years$13,653$7,818$4,273$2,255$1,161$64
48 years$13,216$7,464$4,016$2,084$1,055$54
49 years$12,799$7,127$3,775$1,926$958$46
50 years$12,400$6,808$3,549$1,780$870$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,700,000, adding $2,594 every year, while hoping to spend $22,525 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: 69/23/8 Blend
57$12,700,000$12,700,000$12,700,000$12,700,000
58$13,998,076$13,324,976$13,128,126$14,943,981
59$15,401,913$13,953,933$13,543,951$16,199,807
60$16,948,187$14,612,954$13,972,953$17,570,098
61$18,651,402$15,303,489$14,415,546$19,068,453
62$20,527,541$16,027,057$14,872,164$20,707,429
63$22,594,219$16,785,251$15,343,249$22,500,837
64$24,870,842$17,579,741$15,829,262$24,463,879
65$27,378,800$18,412,281$16,330,674$26,613,278
66$30,141,660$19,284,705$16,847,974$28,967,438
67$33,185,394$20,198,940$17,381,666$31,546,615
68$36,538,621$21,157,005$17,932,268$34,373,099
69$40,232,880$22,161,017$18,500,318$37,471,428
70$44,302,923$23,213,197$19,086,369$40,868,608
71$48,787,049$24,315,871$19,690,990$44,594,370
72$53,727,460$25,471,481$20,314,770$48,681,440
73$59,170,664$26,682,586$20,958,317$53,165,850
74$65,167,908$27,951,870$21,622,258$58,087,268
75$71,775,670$29,282,146$22,307,239$63,489,370
76$79,056,183$30,676,366$23,013,926$69,420,243
77$87,078,030$32,137,624$23,743,008$75,932,841
78$95,916,785$33,669,164$24,495,196$83,085,471
79$105,655,733$35,274,389$25,271,220$90,942,341
80$116,386,650$36,956,866$26,071,838$99,574,160
81$128,210,672$38,720,336$26,897,828$109,058,797
82$141,239,251$40,568,723$27,749,996$119,482,011
83$155,595,204$42,506,140$28,629,170$130,938,252
84$171,413,875$44,536,901$29,536,208$143,531,543
85$188,844,411$46,665,530$30,471,992$157,376,457
86$208,051,172$48,896,771$31,437,434$172,599,190
87$229,215,277$51,235,599$32,433,474$189,338,742
88$252,536,323$53,687,231$33,461,083$207,748,218
89$278,234,259$56,257,136$34,521,260$227,996,267
90$306,551,470$58,951,053$35,615,039$250,268,665
91$337,755,063$61,774,997$36,743,486$274,770,052
92$372,139,385$64,735,278$37,907,698$301,725,859
93$410,028,807$67,838,511$39,108,811$331,384,420
94$451,780,783$71,091,636$40,347,994$364,019,307
95$497,789,226$74,501,929$41,626,455$399,931,900
96$548,488,224$78,077,021$42,945,438$439,454,214
97$604,356,141$81,824,913$44,306,229$482,952,026
98$665,920,133$85,753,999$45,710,152$530,828,308
99$733,761,121$89,873,080$47,158,577$583,527,018
100$808,519,280$94,191,385$48,652,914$641,537,276