Can I retire at age 58 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,104,954
2 years$580,506$569,695$559,217$549,058$539,204$511,790
3 years$383,160$372,302$361,850$351,787$342,093$315,496
4 years$284,506$273,681$263,334$253,443$243,984$218,407
5 years$225,329$214,569$204,358$194,668$185,472$160,989
6 years$185,891$175,212$165,152$155,678$146,758$123,392
7 years$157,732$147,143$137,242$127,991$119,354$97,107
8 years$136,622$126,129$116,392$107,369$99,015$77,880
9 years$120,212$109,818$100,248$91,454$83,385$63,344
10 years$107,092$96,799$87,399$78,834$71,048$52,078
11 years$96,364$86,174$76,945$68,610$61,104$43,178
12 years$87,430$77,345$68,286$60,180$52,951$36,039
13 years$79,877$69,898$61,009$53,130$46,175$30,244
14 years$73,408$63,535$54,817$47,163$40,476$25,493
15 years$67,807$58,040$49,493$42,061$35,639$21,566
16 years$62,911$53,251$44,872$37,661$31,498$18,299
17 years$58,596$49,042$40,832$33,838$27,928$15,567
18 years$54,764$45,317$37,274$30,495$24,832$13,270
19 years$51,339$41,999$34,123$27,555$22,133$11,332
20 years$48,261$39,028$31,316$24,956$19,770$9,692
21 years$45,480$36,353$28,805$22,649$17,692$8,299
22 years$42,955$33,934$26,548$20,593$15,858$7,115
23 years$40,653$31,738$24,513$18,755$14,235$6,105
24 years$38,545$29,736$22,670$17,105$12,795$5,242
25 years$36,610$27,906$20,997$15,622$11,514$4,505
26 years$34,826$26,227$19,474$14,284$10,371$3,873
27 years$33,177$24,683$18,083$13,074$9,350$3,332
28 years$31,649$23,259$16,810$11,979$8,437$2,867
29 years$30,228$21,942$15,644$10,985$7,618$2,468
30 years$28,905$20,722$14,571$10,081$6,884$2,125
31 years$27,670$19,589$13,584$9,259$6,224$1,831
32 years$26,514$18,535$12,675$8,509$5,630$1,577
33 years$25,430$17,553$11,834$7,825$5,095$1,359
34 years$24,412$16,636$11,057$7,200$4,613$1,172
35 years$23,455$15,779$10,338$6,628$4,178$1,010
36 years$22,553$14,977$9,671$6,104$3,785$871
37 years$21,701$14,225$9,052$5,624$3,431$751
38 years$20,897$13,518$8,476$5,184$3,110$647
39 years$20,135$12,855$7,942$4,780$2,821$558
40 years$19,414$12,230$7,444$4,408$2,558$481
41 years$18,729$11,642$6,980$4,067$2,321$415
42 years$18,079$11,087$6,547$3,754$2,106$358
43 years$17,460$10,564$6,144$3,465$1,911$309
44 years$16,872$10,070$5,767$3,199$1,735$267
45 years$16,311$9,602$5,415$2,955$1,575$230
46 years$15,776$9,160$5,086$2,729$1,430$198
47 years$15,265$8,742$4,778$2,522$1,299$171
48 years$14,777$8,345$4,490$2,330$1,179$148
49 years$14,311$7,969$4,220$2,153$1,071$127
50 years$13,864$7,612$3,968$1,990$973$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,200,000, adding $6,576 every year, while hoping to spend $57,628 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: 62/23/15 Blend
57$14,200,000$14,200,000$14,200,000$14,200,000
58$15,655,183$14,902,583$14,682,483$16,567,406
59$17,190,696$15,571,494$15,113,031$17,850,080
60$18,880,900$16,271,250$15,556,070$19,242,561
61$20,741,512$17,003,302$16,011,959$20,761,260
62$22,789,852$17,769,169$16,481,065$22,418,435
63$25,045,003$18,570,444$16,963,766$24,227,567
64$27,527,992$19,408,795$17,460,452$26,203,486
65$30,261,991$20,285,970$17,971,520$28,362,508
66$33,272,531$21,203,799$18,497,384$30,722,581
67$36,587,747$22,164,203$19,038,463$33,303,457
68$40,238,639$23,169,191$19,595,194$36,126,870
69$44,259,369$24,220,870$20,168,022$39,216,738
70$48,687,580$25,321,448$20,757,406$42,599,384
71$53,564,751$26,473,237$21,363,817$46,303,780
72$58,936,592$27,678,662$21,987,741$50,361,816
73$64,853,470$28,940,262$22,629,676$54,808,596
74$71,370,888$30,260,699$23,290,134$59,682,763
75$78,550,007$31,642,761$23,969,642$65,026,859
76$86,458,223$33,089,372$24,668,741$70,887,723
77$95,169,806$34,603,595$25,387,987$77,316,923
78$104,766,594$36,188,640$26,127,953$84,371,238
79$115,338,773$37,847,869$26,889,226$92,113,189
80$126,985,723$39,584,810$27,672,410$100,611,621
81$139,816,957$41,403,156$28,478,126$109,942,347
82$153,953,156$43,306,780$29,307,012$120,188,853
83$169,527,305$45,299,740$30,159,725$131,443,081
84$186,685,952$47,386,289$31,036,937$143,806,290
85$205,590,587$49,570,885$31,939,343$157,389,999
86$226,419,169$51,858,200$32,867,652$172,317,035
87$249,367,804$54,253,131$33,822,599$188,722,681
88$274,652,597$56,760,812$34,804,933$206,755,944
89$302,511,691$59,386,621$35,815,427$226,580,949
90$333,207,515$62,136,197$36,854,876$248,378,485
91$367,029,262$65,015,451$37,924,094$272,347,690
92$404,295,616$68,030,577$39,023,921$298,707,928
93$445,357,763$71,188,070$40,155,217$327,700,845
94$490,602,706$74,494,736$41,318,867$359,592,635
95$540,456,913$77,957,710$42,515,781$394,676,541
96$595,390,351$81,584,470$43,746,892$433,275,614
97$655,920,915$85,382,857$45,013,161$475,745,741
98$722,619,320$89,361,089$46,315,573$522,478,992
99$796,114,488$93,527,780$47,655,142$573,907,310
100$877,099,485$97,891,960$49,032,909$630,506,565