Can I retire at age 58 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$995,338
2 years$527,361$517,540$508,021$498,792$489,840$456,577
3 years$348,082$338,218$328,723$319,581$310,775$278,619
4 years$258,460$248,626$239,226$230,240$221,647$190,845
5 years$204,701$194,926$185,649$176,846$168,493$139,126
6 years$168,873$159,172$150,032$141,425$133,322$105,416
7 years$143,292$133,672$124,678$116,274$108,427$81,978
8 years$124,114$114,582$105,736$97,539$89,951$64,940
9 years$109,207$99,764$91,071$83,082$75,751$52,151
10 years$97,287$87,937$79,398$71,617$64,544$42,316
11 years$87,542$78,285$69,900$62,328$55,510$34,614
12 years$79,426$70,265$62,035$54,670$48,104$28,494
13 years$72,564$63,499$55,424$48,266$41,947$23,576
14 years$66,688$57,718$49,799$42,845$36,771$19,586
15 years$61,600$52,727$44,962$38,210$32,376$16,326
16 years$57,152$48,376$40,764$34,213$28,614$13,646
17 years$53,231$44,552$37,094$30,740$25,371$11,432
18 years$49,750$41,168$33,862$27,703$22,559$9,595
19 years$46,639$38,154$30,999$25,032$20,107$8,065
20 years$43,843$35,455$28,449$22,671$17,960$6,788
21 years$41,316$33,025$26,168$20,576$16,072$5,720
22 years$39,022$30,828$24,118$18,708$14,407$4,824
23 years$36,931$28,832$22,268$17,038$12,932$4,071
24 years$35,017$27,014$20,595$15,539$11,624$3,438
25 years$33,258$25,351$19,075$14,192$10,460$2,905
26 years$31,638$23,826$17,691$12,976$9,422$2,456
27 years$30,140$22,423$16,427$11,877$8,494$2,077
28 years$28,751$21,129$15,271$10,882$7,665$1,757
29 years$27,461$19,933$14,211$9,979$6,921$1,487
30 years$26,259$18,825$13,237$9,158$6,254$1,258
31 years$25,136$17,796$12,341$8,411$5,654$1,065
32 years$24,086$16,838$11,514$7,730$5,114$902
33 years$23,102$15,946$10,751$7,108$4,628$764
34 years$22,178$15,113$10,045$6,540$4,190$647
35 years$21,308$14,335$9,391$6,021$3,795$548
36 years$20,488$13,606$8,785$5,545$3,439$464
37 years$19,715$12,922$8,223$5,109$3,117$393
38 years$18,984$12,281$7,700$4,709$2,826$333
39 years$18,292$11,678$7,214$4,342$2,562$282
40 years$17,636$11,111$6,762$4,005$2,324$239
41 years$17,014$10,576$6,341$3,695$2,109$203
42 years$16,424$10,072$5,948$3,410$1,913$172
43 years$15,862$9,597$5,581$3,148$1,736$145
44 years$15,327$9,148$5,239$2,907$1,576$123
45 years$14,817$8,723$4,919$2,684$1,431$104
46 years$14,332$8,322$4,620$2,479$1,299$88
47 years$13,868$7,941$4,341$2,291$1,180$75
48 years$13,424$7,581$4,079$2,117$1,071$64
49 years$13,001$7,240$3,834$1,956$973$54
50 years$12,595$6,916$3,605$1,808$884$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $12,900,000, adding $3,975 every year, while hoping to spend $55,001 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: 53/24/23 Blend
57$12,900,000$12,900,000$12,900,000$12,900,000
58$14,219,900$13,536,200$13,336,250$14,882,941
59$15,611,809$14,140,953$13,724,494$15,945,043
60$17,143,850$14,773,496$14,123,900$17,094,172
61$18,830,257$15,435,132$14,534,786$18,343,518
62$20,686,716$16,127,226$14,957,474$19,702,663
63$22,730,512$16,851,211$15,392,299$21,182,141
64$24,980,687$17,608,583$15,839,605$22,793,534
65$27,458,227$18,400,914$16,299,742$24,549,579
66$30,186,257$19,229,849$16,773,073$26,464,281
67$33,190,255$20,097,111$17,259,971$28,553,045
68$36,498,298$21,004,507$17,760,817$30,832,814
69$40,141,324$21,953,928$18,276,005$33,322,228
70$44,153,426$22,947,357$18,805,938$36,041,794
71$48,572,169$23,986,871$19,351,030$39,014,075
72$53,438,950$25,074,647$19,911,709$42,263,898
73$58,799,383$26,212,965$20,488,411$45,818,584
74$64,703,735$27,404,215$21,081,588$49,708,199
75$71,207,395$28,650,901$21,691,700$53,965,835
76$78,371,401$29,955,647$22,319,224$58,627,915
77$86,263,012$31,321,202$22,964,646$63,734,531
78$94,956,346$32,750,447$23,628,469$69,329,818
79$104,533,077$34,246,403$24,311,206$75,462,359
80$115,083,207$35,812,233$25,013,388$82,185,646
81$126,705,914$37,451,253$25,735,557$89,558,567
82$139,510,491$39,166,937$26,478,271$97,645,964
83$153,617,372$40,962,929$27,242,104$106,519,231
84$169,159,275$42,843,043$28,027,646$116,256,985
85$186,282,449$44,811,281$28,835,500$126,945,795
86$205,148,059$46,871,833$29,666,289$138,680,994
87$225,933,701$49,029,093$30,520,650$151,567,567
88$248,835,087$51,287,667$31,399,240$165,721,137
89$274,067,882$53,652,379$32,302,731$181,269,040
90$301,869,748$56,128,287$33,231,815$198,351,525
91$332,502,583$58,720,694$34,187,201$217,123,058
92$366,254,995$61,435,156$35,169,620$237,753,775
93$403,445,022$64,277,497$36,179,821$260,431,077
94$444,423,141$67,253,821$37,218,571$285,361,382
95$489,575,569$70,370,526$38,286,662$312,772,063
96$539,327,916$73,634,320$39,384,903$342,913,583
97$594,149,194$77,052,233$40,514,128$376,061,842
98$654,556,253$80,631,633$41,675,192$412,520,769
99$721,118,652$84,380,245$42,868,973$452,625,176
100$794,464,042$88,306,164$44,096,371$496,743,902