Can I retire at age 58 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,072,086
2 years$572,330$561,671$551,341$541,325$531,609$487,533
3 years$377,763$367,058$356,754$346,832$337,275$294,804
4 years$280,499$269,827$259,625$249,873$240,547$200,005
5 years$222,156$211,547$201,480$191,926$182,860$144,350
6 years$183,273$172,744$162,826$153,485$144,691$108,237
7 years$155,510$145,070$135,309$126,189$117,673$83,262
8 years$134,698$124,352$114,753$105,856$97,621$65,219
9 years$118,519$108,271$98,837$90,166$82,211$51,768
10 years$105,583$95,436$86,168$77,724$70,048$41,504
11 years$95,006$84,961$75,861$67,643$60,243$33,533
12 years$86,199$76,256$67,325$59,332$52,206$27,256
13 years$78,752$68,913$60,150$52,381$45,524$22,261
14 years$72,375$62,640$54,045$46,498$39,906$18,250
15 years$66,852$57,223$48,795$41,468$35,137$15,008
16 years$62,025$52,501$44,240$37,130$31,054$12,373
17 years$57,770$48,351$40,257$33,361$27,535$10,221
18 years$53,993$44,679$36,749$30,065$24,482$8,457
19 years$50,616$41,408$33,642$27,167$21,822$7,007
20 years$47,582$38,478$30,875$24,605$19,492$5,813
21 years$44,839$35,841$28,399$22,330$17,443$4,826
22 years$42,350$33,456$26,174$20,303$15,635$4,010
23 years$40,080$31,291$24,167$18,491$14,035$3,334
24 years$38,003$29,318$22,351$16,865$12,615$2,774
25 years$36,094$27,513$20,701$15,402$11,351$2,308
26 years$34,335$25,858$19,199$14,082$10,225$1,922
27 years$32,710$24,335$17,828$12,890$9,219$1,600
28 years$31,203$22,931$16,574$11,810$8,318$1,333
29 years$29,803$21,633$15,423$10,830$7,511$1,111
30 years$28,498$20,430$14,366$9,939$6,787$926
31 years$27,280$19,313$13,393$9,128$6,136$771
32 years$26,140$18,274$12,496$8,389$5,550$643
33 years$25,072$17,306$11,668$7,715$5,023$536
34 years$24,069$16,402$10,902$7,098$4,548$447
35 years$23,125$15,557$10,192$6,534$4,119$373
36 years$22,235$14,766$9,535$6,018$3,732$311
37 years$21,396$14,024$8,924$5,545$3,383$259
38 years$20,602$13,328$8,357$5,111$3,067$216
39 years$19,852$12,674$7,830$4,712$2,781$180
40 years$19,140$12,058$7,339$4,346$2,522$150
41 years$18,465$11,478$6,881$4,010$2,288$125
42 years$17,824$10,931$6,455$3,701$2,076$104
43 years$17,214$10,415$6,057$3,416$1,885$87
44 years$16,634$9,928$5,686$3,154$1,711$73
45 years$16,081$9,467$5,339$2,913$1,553$61
46 years$15,554$9,031$5,014$2,691$1,410$51
47 years$15,050$8,619$4,711$2,486$1,280$42
48 years$14,569$8,228$4,427$2,297$1,163$35
49 years$14,109$7,857$4,161$2,123$1,056$29
50 years$13,669$7,505$3,912$1,962$959$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,000,000, adding $5,646 every year, while hoping to spend $48,926 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: 64/14/22 Blend
57$14,000,000$14,000,000$14,000,000$14,000,000
58$15,433,824$14,691,824$14,474,824$16,333,486
59$16,956,017$15,359,666$14,907,674$17,608,157
60$18,631,834$16,058,593$15,353,384$18,994,193
61$20,476,893$16,790,076$15,812,334$20,507,388
62$22,508,403$17,555,657$16,284,915$22,160,194
63$24,745,328$18,356,952$16,771,527$23,966,315
64$27,208,562$19,195,654$17,272,584$25,940,829
65$29,921,132$20,073,537$17,788,512$28,100,335
66$32,908,409$20,992,461$18,319,748$30,463,099
67$36,198,350$21,954,375$18,866,743$33,049,228
68$39,821,764$22,961,322$19,429,961$35,880,855
69$43,812,598$24,015,441$20,009,879$38,982,347
70$48,208,261$25,118,976$20,606,988$42,380,528
71$53,049,976$26,274,278$21,221,794$46,104,932
72$58,383,166$27,483,810$21,854,817$50,188,076
73$64,257,887$28,750,155$22,506,592$54,665,764
74$70,729,299$30,076,020$23,177,670$59,577,422
75$77,858,184$31,464,241$23,868,618$64,966,465
76$85,711,521$32,917,792$24,580,020$70,880,700
77$94,363,121$34,439,788$25,312,475$77,372,780
78$103,894,318$36,033,497$26,066,602$84,500,689
79$114,394,741$37,702,341$26,843,036$92,328,286
80$125,963,159$39,449,909$27,642,431$100,925,909
81$138,708,409$41,279,963$28,465,461$110,371,023
82$152,750,431$43,196,446$29,312,818$120,748,957
83$168,221,393$45,203,489$30,185,215$132,153,694
84$185,266,942$47,305,426$31,083,386$144,688,760
85$204,047,575$49,506,798$32,008,085$158,468,191
86$224,740,160$51,812,363$32,960,089$173,617,602
87$247,539,601$54,227,114$33,940,196$190,275,370
88$272,660,677$56,756,279$34,949,229$208,593,930
89$300,340,072$59,405,342$35,988,034$228,741,208
90$330,838,607$62,180,052$37,057,481$250,902,200
91$364,443,704$65,086,433$38,158,466$275,280,706
92$401,472,097$68,130,804$39,291,910$302,101,250
93$442,272,823$71,319,785$40,458,761$331,611,189
94$487,230,516$74,660,320$41,659,994$364,083,041
95$536,769,038$78,159,685$42,896,613$399,817,043
96$591,355,481$81,825,511$44,169,652$439,143,982
97$651,504,576$85,665,797$45,480,171$482,428,303
98$717,783,550$89,688,928$46,829,263$530,071,541
99$790,817,482$93,903,696$48,218,054$582,516,100
100$871,295,206$98,319,317$49,647,699$640,249,417