Can I retire at age 58 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,115,993
2 years$588,682$577,719$567,093$556,791$546,798$514,520
3 years$388,557$377,546$366,947$356,741$346,911$315,648
4 years$288,513$277,536$267,043$257,012$247,420$217,412
5 years$228,503$217,592$207,237$197,410$188,085$159,415
6 years$188,509$177,680$167,478$157,870$148,825$121,520
7 years$159,953$149,215$139,175$129,794$121,035$95,094
8 years$138,546$127,905$118,031$108,881$100,410$75,820
9 years$121,905$111,364$101,660$92,742$84,560$61,296
10 years$108,600$98,162$88,630$79,945$72,049$50,082
11 years$97,721$87,388$78,028$69,576$61,965$41,258
12 years$88,662$78,435$69,248$61,027$53,697$34,211
13 years$81,002$70,882$61,869$53,878$46,825$28,518
14 years$74,442$64,430$55,589$47,827$41,047$23,873
15 years$68,762$58,858$50,190$42,653$36,141$20,055
16 years$63,797$54,001$45,504$38,191$31,941$16,896
17 years$59,421$49,733$41,407$34,315$28,321$14,268
18 years$55,535$45,955$37,799$30,924$25,182$12,074
19 years$52,063$42,591$34,603$27,943$22,445$10,233
20 years$48,941$39,578$31,757$25,308$20,048$8,686
21 years$46,120$36,865$29,211$22,968$17,941$7,381
22 years$43,560$34,412$26,922$20,883$16,082$6,278
23 years$41,225$32,185$24,858$19,019$14,436$5,345
24 years$39,088$30,155$22,989$17,346$12,975$4,554
25 years$37,125$28,299$21,293$15,842$11,676$3,882
26 years$35,316$26,597$19,748$14,485$10,517$3,311
27 years$33,644$25,031$18,338$13,258$9,482$2,825
28 years$32,094$23,586$17,047$12,147$8,556$2,411
29 years$30,654$22,251$15,864$11,139$7,726$2,059
30 years$29,312$21,014$14,777$10,223$6,981$1,759
31 years$28,059$19,865$13,776$9,389$6,311$1,502
32 years$26,887$18,796$12,853$8,629$5,709$1,284
33 years$25,788$17,800$12,001$7,935$5,167$1,097
34 years$24,756$16,871$11,213$7,301$4,678$938
35 years$23,785$16,002$10,483$6,721$4,237$801
36 years$22,871$15,188$9,807$6,190$3,839$685
37 years$22,007$14,425$9,179$5,703$3,479$586
38 years$21,191$13,709$8,596$5,257$3,154$501
39 years$20,419$13,036$8,053$4,847$2,860$428
40 years$19,687$12,402$7,548$4,471$2,594$366
41 years$18,993$11,806$7,078$4,125$2,354$313
42 years$18,333$11,244$6,639$3,807$2,136$268
43 years$17,706$10,713$6,230$3,514$1,938$229
44 years$17,109$10,212$5,848$3,245$1,759$196
45 years$16,540$9,738$5,491$2,996$1,597$168
46 years$15,998$9,289$5,157$2,768$1,450$143
47 years$15,480$8,865$4,845$2,557$1,317$123
48 years$14,985$8,463$4,553$2,363$1,196$105
49 years$14,512$8,081$4,280$2,184$1,086$90
50 years$14,059$7,720$4,024$2,018$987$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,400,000, adding $5,002 every year, while hoping to spend $55,262 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: 65/28/7 Blend
57$14,400,000$14,400,000$14,400,000$14,400,000
58$15,873,960$15,110,760$14,887,560$16,885,465
59$17,434,305$15,792,388$15,327,494$18,240,444
60$19,151,954$16,505,565$15,780,315$19,713,181
61$21,042,892$17,251,777$16,246,395$21,320,714
62$23,124,735$18,032,582$16,726,117$23,076,144
63$25,416,894$18,849,614$17,219,878$24,993,884
64$27,940,756$19,704,584$17,728,082$27,089,787
65$30,719,889$20,599,285$18,251,149$29,381,291
66$33,780,263$21,535,595$18,789,508$31,887,581
67$37,150,493$22,515,483$19,343,600$34,629,766
68$40,862,114$23,541,011$19,913,881$37,631,070
69$44,949,871$24,614,343$20,500,817$40,917,053
70$49,452,054$25,737,741$21,104,891$44,515,841
71$54,410,854$26,913,582$21,726,595$48,458,389
72$59,872,765$28,144,351$22,366,440$52,778,768
73$65,889,019$29,432,655$23,024,947$57,514,480
74$72,516,071$30,781,228$23,702,656$62,706,804
75$79,816,133$32,192,931$24,400,118$68,401,185
76$87,857,760$33,670,766$25,117,903$74,647,651
77$96,716,495$35,217,877$25,856,595$81,501,279
78$106,475,583$36,837,559$26,616,798$89,022,711
79$117,226,760$38,533,267$27,399,128$97,278,715
80$129,071,113$40,308,620$28,204,222$106,342,810
81$142,120,038$42,167,413$29,032,734$116,295,950
82$156,496,288$44,113,623$29,885,337$127,227,283
83$172,335,136$46,151,418$30,762,723$139,234,976
84$189,785,648$48,285,165$31,665,602$152,427,142
85$209,012,091$50,519,444$32,594,706$166,922,843
86$230,195,482$52,859,055$33,550,787$182,853,205
87$253,535,300$55,309,028$34,534,617$200,362,651
88$279,251,365$57,874,635$35,546,992$219,610,243
89$307,585,917$60,561,404$36,588,728$240,771,179
90$338,805,896$63,375,129$37,660,667$264,038,434
91$373,205,470$66,321,882$38,763,671$289,624,564
92$411,108,802$69,408,029$39,898,629$317,763,705
93$452,873,121$72,640,244$41,066,453$348,713,763
94$498,892,084$76,025,520$42,268,084$382,758,839
95$549,599,496$79,571,191$43,504,485$420,211,892
96$605,473,408$83,284,942$44,776,649$461,417,679
97$667,040,625$87,174,833$46,085,595$506,755,991
98$734,881,678$91,249,310$47,432,372$556,645,222
99$809,636,311$95,517,227$48,818,058$611,546,296
100$892,009,512$99,987,869$50,243,760$671,967,007