Can I retire at age 58 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,132,641
2 years$584,594$573,707$563,155$552,924$543,001$535,275
3 years$385,858$374,924$364,399$354,264$344,502$336,950
4 years$286,510$275,609$265,189$255,227$245,702$238,381
5 years$226,916$216,081$205,797$196,039$186,779$179,712
6 years$187,200$176,446$166,315$156,774$147,792$140,987
7 years$158,843$148,179$138,208$128,893$120,194$113,656
8 years$137,584$127,017$117,212$108,125$99,713$93,440
9 years$121,058$110,591$100,954$92,098$83,972$77,965
10 years$107,846$97,481$88,014$79,390$71,549$65,802
11 years$97,042$86,781$77,486$69,093$61,534$56,045
12 years$88,046$77,890$68,767$60,604$53,324$48,087
13 years$80,440$70,390$61,439$53,504$46,500$41,510
14 years$73,925$63,982$55,203$47,495$40,761$36,013
15 years$68,285$58,449$49,841$42,357$35,890$31,375
16 years$63,354$53,626$45,188$37,926$31,719$27,433
17 years$59,008$49,388$41,120$34,076$28,125$24,060
18 years$55,150$45,636$37,537$30,710$25,007$21,156
19 years$51,701$42,295$34,363$27,749$22,289$18,645
20 years$48,601$39,303$31,537$25,132$19,909$16,464
21 years$45,800$36,609$29,008$22,809$17,817$14,563
22 years$43,257$34,173$26,735$20,738$15,970$12,901
23 years$40,939$31,961$24,685$18,887$14,336$11,443
24 years$38,817$29,946$22,830$17,226$12,885$10,162
25 years$36,868$28,103$21,145$15,732$11,595$9,033
26 years$35,071$26,412$19,611$14,384$10,444$8,036
27 years$33,411$24,857$18,210$13,166$9,416$7,156
28 years$31,872$23,422$16,929$12,063$8,496$6,376
29 years$30,441$22,096$15,754$11,062$7,672$5,684
30 years$29,109$20,868$14,674$10,152$6,932$5,071
31 years$27,864$19,727$13,680$9,324$6,267$4,526
32 years$26,700$18,666$12,764$8,569$5,669$4,041
33 years$25,609$17,677$11,918$7,880$5,131$3,609
34 years$24,584$16,753$11,135$7,250$4,645$3,225
35 years$23,620$15,890$10,411$6,674$4,207$2,882
36 years$22,712$15,082$9,739$6,147$3,812$2,577
37 years$21,854$14,325$9,115$5,663$3,455$2,304
38 years$21,044$13,614$8,536$5,220$3,132$2,061
39 years$20,277$12,945$7,997$4,813$2,840$1,844
40 years$19,550$12,316$7,496$4,440$2,576$1,650
41 years$18,861$11,724$7,029$4,096$2,337$1,476
42 years$18,206$11,165$6,593$3,780$2,121$1,321
43 years$17,583$10,638$6,187$3,490$1,925$1,183
44 years$16,990$10,141$5,808$3,222$1,747$1,059
45 years$16,426$9,670$5,453$2,976$1,586$948
46 years$15,887$9,225$5,122$2,749$1,440$849
47 years$15,373$8,803$4,812$2,539$1,308$760
48 years$14,881$8,404$4,522$2,346$1,188$681
49 years$14,411$8,025$4,250$2,169$1,079$610
50 years$13,962$7,666$3,996$2,004$980$546

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,300,000, adding $3,794 every year, while hoping to spend $22,158 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: 26/47/27 Blend
57$14,300,000$14,300,000$14,300,000$14,300,000
58$15,762,514$15,004,614$14,782,964$16,038,883
59$17,346,714$15,716,264$15,254,617$16,976,876
60$19,091,760$16,462,042$15,741,328$17,980,415
61$21,014,035$17,243,597$16,243,578$19,056,711
62$23,131,592$18,062,659$16,761,863$20,211,927
63$25,464,324$18,921,039$17,296,695$21,452,799
64$28,034,155$19,820,640$17,848,604$22,786,693
65$30,865,241$20,763,453$18,418,135$24,221,667
66$33,984,203$21,751,570$19,005,850$25,766,534
67$37,420,377$22,787,182$19,612,331$27,430,944
68$41,206,089$23,872,587$20,238,177$29,225,459
69$45,376,961$25,010,195$20,884,007$31,161,645
70$49,972,250$26,202,534$21,550,460$33,252,176
71$55,035,214$27,452,252$22,238,195$35,510,935
72$60,613,522$28,762,129$22,947,891$37,953,141
73$66,759,707$30,135,079$23,680,251$40,595,477
74$73,531,656$31,574,157$24,435,998$43,456,239
75$80,993,161$33,082,567$25,215,881$46,555,493
76$89,214,520$34,663,669$26,020,669$49,915,251
77$98,273,199$36,320,987$26,851,160$53,559,669
78$108,254,566$38,058,216$27,708,174$57,515,258
79$119,252,693$39,879,230$28,592,560$61,811,118
80$131,371,249$41,788,093$29,505,191$66,479,199
81$144,724,472$43,789,066$30,446,971$71,554,587
82$159,438,256$45,886,617$31,418,832$77,075,815
83$175,651,329$48,085,433$32,421,734$83,085,211
84$193,516,573$50,390,428$33,456,671$89,629,277
85$213,202,459$52,806,754$34,524,665$96,759,112
86$234,894,643$55,339,818$35,626,774$104,530,868
87$258,797,713$57,995,285$36,764,087$113,006,263
88$285,137,127$60,779,101$37,937,731$122,253,140
89$314,161,335$63,697,499$39,148,866$132,346,082
90$346,144,129$66,757,014$40,398,692$143,367,093
91$381,387,226$69,964,504$41,688,444$155,406,346
92$420,223,116$73,327,157$43,019,399$168,563,008
93$463,018,200$76,852,514$44,392,875$182,946,145
94$510,176,250$80,548,481$45,810,230$198,675,723
95$562,142,223$84,423,352$47,272,868$215,883,712
96$619,406,457$88,485,823$48,782,237$234,715,295
97$682,509,303$92,745,016$50,339,829$255,330,207
98$752,046,226$97,210,496$51,947,187$277,904,209
99$828,673,426$101,892,295$53,605,903$302,630,704
100$913,114,032$106,800,935$55,317,618$329,722,529