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%13.2%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,117,252
2 years$580,506$569,695$559,217$549,058$539,204$524,040
3 years$383,160$372,302$361,850$351,787$342,093$327,311
4 years$284,506$273,681$263,334$253,443$243,984$229,698
5 years$225,329$214,569$204,358$194,668$185,472$171,725
6 years$185,891$175,212$165,152$155,678$146,758$133,565
7 years$157,732$147,143$137,242$127,991$119,354$106,720
8 years$136,622$126,129$116,392$107,369$99,015$86,940
9 years$120,212$109,818$100,248$91,454$83,385$71,862
10 years$107,092$96,799$87,399$78,834$71,048$60,069
11 years$96,364$86,174$76,945$68,610$61,104$50,658
12 years$87,430$77,345$68,286$60,180$52,951$43,028
13 years$79,877$69,898$61,009$53,130$46,175$36,760
14 years$73,408$63,535$54,817$47,163$40,476$31,556
15 years$67,807$58,040$49,493$42,061$35,639$27,198
16 years$62,911$53,251$44,872$37,661$31,498$23,521
17 years$58,596$49,042$40,832$33,838$27,928$20,399
18 years$54,764$45,317$37,274$30,495$24,832$17,734
19 years$51,339$41,999$34,123$27,555$22,133$15,449
20 years$48,261$39,028$31,316$24,956$19,770$13,483
21 years$45,480$36,353$28,805$22,649$17,692$11,785
22 years$42,955$33,934$26,548$20,593$15,858$10,315
23 years$40,653$31,738$24,513$18,755$14,235$9,038
24 years$38,545$29,736$22,670$17,105$12,795$7,928
25 years$36,610$27,906$20,997$15,622$11,514$6,960
26 years$34,826$26,227$19,474$14,284$10,371$6,115
27 years$33,177$24,683$18,083$13,074$9,350$5,376
28 years$31,649$23,259$16,810$11,979$8,437$4,729
29 years$30,228$21,942$15,644$10,985$7,618$4,162
30 years$28,905$20,722$14,571$10,081$6,884$3,664
31 years$27,670$19,589$13,584$9,259$6,224$3,228
32 years$26,514$18,535$12,675$8,509$5,630$2,844
33 years$25,430$17,553$11,834$7,825$5,095$2,507
34 years$24,412$16,636$11,057$7,200$4,613$2,210
35 years$23,455$15,779$10,338$6,628$4,178$1,949
36 years$22,553$14,977$9,671$6,104$3,785$1,719
37 years$21,701$14,225$9,052$5,624$3,431$1,517
38 years$20,897$13,518$8,476$5,184$3,110$1,338
39 years$20,135$12,855$7,942$4,780$2,821$1,181
40 years$19,414$12,230$7,444$4,408$2,558$1,042
41 years$18,729$11,642$6,980$4,067$2,321$920
42 years$18,079$11,087$6,547$3,754$2,106$812
43 years$17,460$10,564$6,144$3,465$1,911$717
44 years$16,872$10,070$5,767$3,199$1,735$633
45 years$16,311$9,602$5,415$2,955$1,575$559
46 years$15,776$9,160$5,086$2,729$1,430$493
47 years$15,265$8,742$4,778$2,522$1,299$436
48 years$14,777$8,345$4,490$2,330$1,179$385
49 years$14,311$7,969$4,220$2,153$1,071$340
50 years$13,864$7,612$3,968$1,990$973$300

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 $2,806 every year, while hoping to spend $37,782 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: 50/21/29 Blend
57$14,200,000$14,200,000$14,200,000$14,200,000
58$15,651,294$14,898,694$14,678,594$16,305,086
59$17,207,527$15,588,531$15,130,128$17,452,925
60$18,921,228$16,310,903$15,595,521$18,695,881
61$20,808,421$17,067,365$16,075,198$20,046,225
62$22,886,761$17,859,546$16,569,598$21,514,174
63$25,175,701$18,689,154$17,079,170$23,110,960
64$27,696,680$19,557,980$17,604,380$24,848,928
65$30,473,320$20,467,900$18,145,705$26,741,651
66$33,531,651$21,420,880$18,703,639$28,804,053
67$36,900,360$22,418,983$19,278,691$31,052,547
68$40,611,053$23,464,370$19,871,384$33,505,182
69$44,698,564$24,559,307$20,482,258$36,181,811
70$49,201,273$25,706,169$21,111,870$39,104,273
71$54,161,478$26,907,446$21,760,793$42,296,593
72$59,625,787$28,165,749$22,429,617$45,785,206
73$65,645,560$29,483,814$23,118,952$49,599,196
74$72,277,395$30,864,508$23,829,425$53,770,568
75$79,583,661$32,310,841$24,561,682$58,334,545
76$87,633,086$33,825,964$25,316,390$63,329,890
77$96,501,407$35,413,182$26,094,235$68,799,267
78$106,272,083$37,075,961$26,895,926$74,789,639
79$117,037,086$38,817,934$27,722,190$81,352,701
80$128,897,765$40,642,909$28,573,779$88,545,360
81$141,965,804$42,554,878$29,451,468$96,430,266
82$156,364,278$44,558,029$30,356,054$105,076,395
83$172,228,812$46,656,750$31,288,359$114,559,690
84$189,708,863$48,855,643$32,249,231$124,963,769
85$208,969,130$51,159,532$33,239,543$136,380,707
86$230,191,107$53,573,476$34,260,194$148,911,890
87$253,574,801$56,102,777$35,312,111$162,668,968
88$279,340,614$58,752,996$36,396,250$177,774,894
89$307,731,427$61,529,963$37,513,595$194,365,076
90$339,014,892$64,439,791$38,665,160$212,588,641
91$373,485,959$67,488,888$39,851,991$232,609,830
92$411,469,658$70,683,975$41,075,164$254,609,540
93$453,324,170$74,032,098$42,335,789$278,787,013
94$499,444,208$77,540,643$43,635,011$305,361,706
95$550,264,741$81,217,358$44,974,007$334,575,346
96$606,265,101$85,070,364$46,353,992$366,694,200
97$667,973,507$89,108,179$47,776,218$402,011,568
98$735,972,057$93,339,731$49,241,972$440,850,538
99$810,902,214$97,774,385$50,752,586$483,567,019
100$893,470,868$102,421,959$52,309,426$530,553,081