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%15.3%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,115,455
2 years$584,594$573,707$563,155$552,924$543,001$518,094
3 years$385,858$374,924$364,399$354,264$344,502$320,311
4 years$286,510$275,609$265,189$255,227$245,702$222,414
5 years$226,916$216,081$205,797$196,039$186,779$164,460
6 years$187,200$176,446$166,315$156,774$147,792$126,465
7 years$158,843$148,179$138,208$128,893$120,194$99,864
8 years$137,584$127,017$117,212$108,125$99,713$80,371
9 years$121,058$110,591$100,954$92,098$83,972$65,607
10 years$107,846$97,481$88,014$79,390$71,549$54,139
11 years$97,042$86,781$77,486$69,093$61,534$45,058
12 years$88,046$77,890$68,767$60,604$53,324$37,756
13 years$80,440$70,390$61,439$53,504$46,500$31,812
14 years$73,925$63,982$55,203$47,495$40,761$26,925
15 years$68,285$58,449$49,841$42,357$35,890$22,873
16 years$63,354$53,626$45,188$37,926$31,719$19,491
17 years$59,008$49,388$41,120$34,076$28,125$16,652
18 years$55,150$45,636$37,537$30,710$25,007$14,258
19 years$51,701$42,295$34,363$27,749$22,289$12,231
20 years$48,601$39,303$31,537$25,132$19,909$10,508
21 years$45,800$36,609$29,008$22,809$17,817$9,039
22 years$43,257$34,173$26,735$20,738$15,970$7,785
23 years$40,939$31,961$24,685$18,887$14,336$6,712
24 years$38,817$29,946$22,830$17,226$12,885$5,791
25 years$36,868$28,103$21,145$15,732$11,595$5,000
26 years$35,071$26,412$19,611$14,384$10,444$4,320
27 years$33,411$24,857$18,210$13,166$9,416$3,734
28 years$31,872$23,422$16,929$12,063$8,496$3,229
29 years$30,441$22,096$15,754$11,062$7,672$2,793
30 years$29,109$20,868$14,674$10,152$6,932$2,418
31 years$27,864$19,727$13,680$9,324$6,267$2,093
32 years$26,700$18,666$12,764$8,569$5,669$1,812
33 years$25,609$17,677$11,918$7,880$5,131$1,569
34 years$24,584$16,753$11,135$7,250$4,645$1,360
35 years$23,620$15,890$10,411$6,674$4,207$1,178
36 years$22,712$15,082$9,739$6,147$3,812$1,021
37 years$21,854$14,325$9,115$5,663$3,455$885
38 years$21,044$13,614$8,536$5,220$3,132$767
39 years$20,277$12,945$7,997$4,813$2,840$664
40 years$19,550$12,316$7,496$4,440$2,576$576
41 years$18,861$11,724$7,029$4,096$2,337$499
42 years$18,206$11,165$6,593$3,780$2,121$433
43 years$17,583$10,638$6,187$3,490$1,925$375
44 years$16,990$10,141$5,808$3,222$1,747$325
45 years$16,426$9,670$5,453$2,976$1,586$282
46 years$15,887$9,225$5,122$2,749$1,440$245
47 years$15,373$8,803$4,812$2,539$1,308$212
48 years$14,881$8,404$4,522$2,346$1,188$184
49 years$14,411$8,025$4,250$2,169$1,079$160
50 years$13,962$7,666$3,996$2,004$980$138

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 $2,551 every year, while hoping to spend $49,649 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: 81/9/10 Blend
57$14,300,000$14,300,000$14,300,000$14,300,000
58$15,761,231$15,003,331$14,781,681$17,012,704
59$17,316,051$15,685,668$15,224,042$18,515,716
60$19,027,798$16,399,776$15,679,557$20,158,303
61$20,912,427$17,147,158$16,148,615$21,959,753
62$22,987,517$17,929,392$16,631,617$23,935,949
63$25,272,440$18,748,129$17,128,973$26,104,381
64$27,788,542$19,605,100$17,641,106$28,484,309
65$30,559,343$20,502,120$18,168,453$31,096,946
66$33,610,761$21,441,089$18,711,461$33,965,652
67$36,971,357$22,424,000$19,270,593$37,116,157
68$40,672,600$23,452,941$19,846,323$40,576,798
69$44,749,171$24,530,100$20,439,140$44,378,787
70$49,239,282$25,657,772$21,049,547$48,556,505
71$54,185,045$26,838,358$21,678,063$53,147,819
72$59,632,861$28,074,379$22,325,220$58,194,443
73$65,633,864$29,368,475$22,991,565$63,742,326
74$72,244,400$30,723,412$23,677,665$69,842,083
75$79,526,562$32,142,092$24,384,100$76,549,473
76$87,548,770$33,627,554$25,111,466$83,925,920
77$96,386,425$35,182,984$25,860,381$92,039,091
78$106,122,613$36,811,723$26,631,475$100,963,531
79$116,848,891$38,517,269$27,425,402$110,781,366
80$128,666,157$40,303,294$28,242,831$121,583,073
81$141,685,591$42,173,642$29,084,453$133,468,330
82$156,029,716$44,132,345$29,950,976$146,546,956
83$171,833,545$46,183,628$30,843,133$160,939,944
84$189,245,863$48,331,922$31,761,673$176,780,594
85$208,430,623$50,581,868$32,707,372$194,215,777
86$229,568,502$52,938,335$33,681,024$213,407,309
87$252,858,600$55,406,425$34,683,450$234,533,477
88$278,520,323$57,991,485$35,715,491$257,790,719
89$306,795,451$60,699,123$36,778,015$283,395,474
90$337,950,423$63,535,216$37,871,914$311,586,216
91$372,278,850$66,505,925$38,998,107$342,625,707
92$410,104,287$69,617,710$40,157,538$376,803,465
93$451,783,289$72,877,342$41,351,180$414,438,498
94$497,708,771$76,291,919$42,580,031$455,882,306
95$548,313,726$79,868,883$43,845,123$501,522,195
96$604,075,304$83,616,036$45,147,512$551,784,925
97$665,519,321$87,541,558$46,488,290$607,140,735
98$733,225,220$91,654,023$47,868,576$668,107,773
99$807,831,543$95,962,420$49,289,524$735,256,984
100$890,041,958$100,476,176$50,752,320$809,217,488