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%13%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,133,927
2 years$588,682$577,719$567,093$556,791$546,798$532,360
3 years$388,557$377,546$366,947$356,741$346,911$332,833
4 years$288,513$277,536$267,043$257,012$247,420$233,809
5 years$228,503$217,592$207,237$197,410$188,085$174,981
6 years$188,509$177,680$167,478$157,870$148,825$136,245
7 years$159,953$149,215$139,175$129,794$121,035$108,983
8 years$138,546$127,905$118,031$108,881$100,410$88,885
9 years$121,905$111,364$101,660$92,742$84,560$73,557
10 years$108,600$98,162$88,630$79,945$72,049$61,560
11 years$97,721$87,388$78,028$69,576$61,965$51,981
12 years$88,662$78,435$69,248$61,027$53,697$44,207
13 years$81,002$70,882$61,869$53,878$46,825$37,817
14 years$74,442$64,430$55,589$47,827$41,047$32,507
15 years$68,762$58,858$50,190$42,653$36,141$28,055
16 years$63,797$54,001$45,504$38,191$31,941$24,296
17 years$59,421$49,733$41,407$34,315$28,321$21,101
18 years$55,535$45,955$37,799$30,924$25,182$18,371
19 years$52,063$42,591$34,603$27,943$22,445$16,027
20 years$48,941$39,578$31,757$25,308$20,048$14,008
21 years$46,120$36,865$29,211$22,968$17,941$12,263
22 years$43,560$34,412$26,922$20,883$16,082$10,749
23 years$41,225$32,185$24,858$19,019$14,436$9,433
24 years$39,088$30,155$22,989$17,346$12,975$8,287
25 years$37,125$28,299$21,293$15,842$11,676$7,287
26 years$35,316$26,597$19,748$14,485$10,517$6,412
27 years$33,644$25,031$18,338$13,258$9,482$5,646
28 years$32,094$23,586$17,047$12,147$8,556$4,974
29 years$30,654$22,251$15,864$11,139$7,726$4,385
30 years$29,312$21,014$14,777$10,223$6,981$3,867
31 years$28,059$19,865$13,776$9,389$6,311$3,412
32 years$26,887$18,796$12,853$8,629$5,709$3,012
33 years$25,788$17,800$12,001$7,935$5,167$2,659
34 years$24,756$16,871$11,213$7,301$4,678$2,348
35 years$23,785$16,002$10,483$6,721$4,237$2,074
36 years$22,871$15,188$9,807$6,190$3,839$1,833
37 years$22,007$14,425$9,179$5,703$3,479$1,619
38 years$21,191$13,709$8,596$5,257$3,154$1,431
39 years$20,419$13,036$8,053$4,847$2,860$1,265
40 years$19,687$12,402$7,548$4,471$2,594$1,119
41 years$18,993$11,806$7,078$4,125$2,354$989
42 years$18,333$11,244$6,639$3,807$2,136$875
43 years$17,706$10,713$6,230$3,514$1,938$773
44 years$17,109$10,212$5,848$3,245$1,759$684
45 years$16,540$9,738$5,491$2,996$1,597$605
46 years$15,998$9,289$5,157$2,768$1,450$535
47 years$15,480$8,865$4,845$2,557$1,317$473
48 years$14,985$8,463$4,553$2,363$1,196$419
49 years$14,512$8,081$4,280$2,184$1,086$370
50 years$14,059$7,720$4,024$2,018$987$328

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 $2,874 every year, while hoping to spend $37,381 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: 42/29/29 Blend
57$14,400,000$14,400,000$14,400,000$14,400,000
58$15,871,765$15,108,565$14,885,365$16,403,433
59$17,450,911$15,809,111$15,344,251$17,487,827
60$19,189,878$16,542,732$15,817,258$18,657,716
61$21,104,928$17,311,007$16,304,817$19,924,010
62$23,213,979$18,115,595$16,807,378$21,295,641
63$25,536,779$18,958,233$17,325,398$22,782,415
64$28,095,085$19,840,742$17,859,355$24,395,099
65$30,912,877$20,765,031$18,409,735$26,145,518
66$34,016,573$21,733,100$18,977,045$28,046,662
67$37,435,290$22,747,049$19,561,802$30,112,798
68$41,201,111$23,809,075$20,164,544$32,359,608
69$45,349,389$24,921,485$20,785,821$34,804,319
70$49,919,083$26,086,694$21,426,202$37,465,871
71$54,953,124$27,307,236$22,086,274$40,365,078
72$60,498,819$28,585,767$22,766,640$43,524,827
73$66,608,299$29,925,071$23,467,924$46,970,279
74$73,339,013$31,328,067$24,190,767$50,729,104
75$80,754,265$32,797,814$24,935,830$54,831,731
76$88,923,815$34,337,522$25,703,795$59,311,628
77$97,924,535$35,950,552$26,495,364$64,205,608
78$107,841,140$37,640,431$27,311,261$69,554,171
79$118,766,981$39,410,857$28,152,232$75,401,870
80$130,804,927$41,265,703$29,019,046$81,797,729
81$144,068,341$43,209,033$29,912,496$88,795,688
82$158,682,144$45,245,109$30,833,397$96,455,109
83$174,783,999$47,378,395$31,782,591$104,841,317
84$192,525,605$49,613,575$32,760,947$114,026,210
85$212,074,135$51,955,558$33,769,357$124,088,923
86$233,613,809$54,409,492$34,808,742$135,116,564
87$257,347,635$56,980,775$35,880,052$147,205,019
88$283,499,325$59,675,065$36,984,266$160,459,846
89$312,315,409$62,498,295$38,122,391$174,997,256
90$344,067,556$65,456,687$39,295,467$190,945,193
91$379,055,146$68,556,764$40,504,564$208,444,526
92$417,608,089$71,805,364$41,750,785$227,650,364
93$460,089,946$75,209,659$43,035,269$248,733,499
94$506,901,357$78,777,168$44,359,186$271,882,003
95$558,483,822$82,515,776$45,723,746$297,302,979
96$615,323,872$86,433,749$47,130,191$325,224,503
97$677,957,660$90,539,756$48,579,806$355,897,748
98$746,976,023$94,842,886$50,073,911$389,599,340
99$823,030,059$99,352,669$51,613,869$426,633,940
100$906,837,276$104,079,101$53,201,084$467,337,102