Can I retire at age 58 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,114,933
2 years$576,418$565,683$555,279$545,191$535,407$525,912
3 years$380,462$369,680$359,302$349,309$339,684$330,409
4 years$282,503$271,754$261,480$251,658$242,265$233,282
5 years$223,742$213,058$202,919$193,297$184,166$175,501
6 years$184,582$173,978$163,989$154,581$145,725$137,388
7 years$156,621$146,107$136,275$127,090$118,513$110,510
8 years$135,660$125,240$115,572$106,613$98,318$90,647
9 years$119,365$109,044$99,543$90,810$82,798$75,457
10 years$106,337$96,117$86,783$78,279$70,548$63,534
11 years$95,685$85,567$76,403$68,126$60,674$53,980
12 years$86,815$76,801$67,805$59,756$52,579$46,199
13 years$79,315$69,405$60,580$52,756$45,849$39,778
14 years$72,892$63,088$54,431$46,831$40,191$34,419
15 years$67,330$57,632$49,144$41,765$35,388$29,907
16 years$62,468$52,876$44,556$37,396$31,276$26,078
17 years$58,183$48,697$40,544$33,600$27,731$22,808
18 years$54,378$44,998$37,012$30,280$24,657$19,999
19 years$50,978$41,704$33,883$27,361$21,978$17,575
20 years$47,921$38,753$31,096$24,780$19,631$15,474
21 years$45,160$36,097$28,602$22,490$17,567$13,647
22 years$42,652$33,695$26,361$20,448$15,747$12,053
23 years$40,366$31,514$24,340$18,623$14,135$10,659
24 years$38,274$29,527$22,510$16,985$12,705$9,436
25 years$36,352$27,710$20,849$15,512$11,433$8,362
26 years$34,581$26,043$19,336$14,183$10,298$7,416
27 years$32,943$24,509$17,956$12,982$9,285$6,583
28 years$31,426$23,095$16,692$11,894$8,378$5,847
29 years$30,015$21,787$15,533$10,907$7,565$5,196
30 years$28,702$20,576$14,469$10,010$6,835$4,620
31 years$27,475$19,451$13,489$9,194$6,180$4,110
32 years$26,327$18,405$12,585$8,449$5,590$3,657
33 years$25,251$17,429$11,751$7,770$5,059$3,256
34 years$24,241$16,519$10,979$7,149$4,580$2,900
35 years$23,290$15,668$10,265$6,581$4,149$2,583
36 years$22,394$14,871$9,603$6,061$3,759$2,301
37 years$21,549$14,124$8,988$5,584$3,407$2,051
38 years$20,750$13,423$8,417$5,147$3,089$1,828
39 years$19,993$12,764$7,886$4,746$2,801$1,630
40 years$19,277$12,144$7,391$4,377$2,540$1,453
41 years$18,597$11,560$6,931$4,039$2,305$1,296
42 years$17,951$11,009$6,501$3,727$2,091$1,156
43 years$17,337$10,490$6,100$3,441$1,898$1,031
44 years$16,753$9,999$5,726$3,177$1,723$920
45 years$16,196$9,535$5,377$2,934$1,564$821
46 years$15,665$9,096$5,050$2,710$1,420$732
47 years$15,158$8,680$4,744$2,504$1,289$654
48 years$14,673$8,286$4,458$2,314$1,171$583
49 years$14,210$7,913$4,191$2,138$1,064$521
50 years$13,767$7,559$3,940$1,976$966$465

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,100,000, adding $5,309 every year, while hoping to spend $55,464 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: 70/23/7 Blend
57$14,100,000$14,100,000$14,100,000$14,100,000
58$15,543,676$14,796,376$14,577,826$16,614,481
59$17,070,118$15,462,385$15,007,170$17,989,209
60$18,750,398$16,159,170$15,449,038$19,485,616
61$20,600,149$16,888,180$15,903,791$21,121,464
62$22,636,596$17,650,933$16,371,801$22,910,435
63$24,878,721$18,449,021$16,853,448$24,867,583
64$27,347,439$19,284,111$17,349,127$27,009,473
65$30,065,795$20,157,950$17,859,240$29,354,332
66$33,059,184$21,072,367$18,384,202$31,922,223
67$36,355,589$22,029,281$18,924,441$34,735,225
68$39,985,845$23,030,702$19,480,396$37,817,640
69$43,983,930$24,078,735$20,052,518$41,196,220
70$48,387,284$25,175,587$20,641,271$44,900,414
71$53,237,166$26,323,569$21,247,132$48,962,640
72$58,579,039$27,525,106$21,870,593$53,418,590
73$64,463,001$28,782,736$22,512,158$58,307,557
74$70,944,257$30,099,121$23,172,345$63,672,807
75$78,083,642$31,477,048$23,851,689$69,561,979
76$85,948,190$32,919,440$24,550,738$76,027,530
77$94,611,773$34,429,360$25,270,055$83,127,223
78$104,155,792$36,010,017$26,010,220$90,924,669
79$114,669,951$37,664,776$26,771,831$99,489,918
80$126,253,097$39,397,161$27,555,498$108,900,118
81$139,014,159$41,210,868$28,361,853$119,240,232
82$153,073,171$43,109,768$29,191,543$130,603,839
83$168,562,409$45,097,921$30,045,234$143,094,001
84$185,627,636$47,179,581$30,923,611$156,824,238
85$204,429,479$49,359,205$31,827,377$171,919,584
86$225,144,948$51,641,468$32,757,255$188,517,764
87$247,969,099$54,031,266$33,713,990$206,770,481
88$273,116,884$56,533,735$34,698,345$226,844,843
89$300,825,173$59,154,255$35,711,107$248,924,927
90$331,354,995$61,898,468$36,753,083$273,213,510
91$364,993,996$64,772,284$37,825,103$299,933,970
92$402,059,161$67,781,903$38,928,021$329,332,386
93$442,899,799$70,933,820$40,062,714$361,679,846
94$487,900,846$74,234,845$41,230,082$397,274,999
95$537,486,497$77,692,117$42,431,054$436,446,858
96$592,124,206$81,313,117$43,666,581$479,557,892
97$652,329,105$85,105,689$44,937,641$527,007,438
98$718,668,863$89,078,058$46,245,241$579,235,453
99$791,769,045$93,238,841$47,590,415$636,726,652
100$872,319,019$97,597,075$48,974,225$700,015,071