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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,137,705
2 years$588,682$577,719$567,093$556,791$546,798$536,148
3 years$388,557$377,546$366,947$356,741$346,911$336,511
4 years$288,513$277,536$267,043$257,012$247,420$237,351
5 years$228,503$217,592$207,237$197,410$188,085$178,376
6 years$188,509$177,680$167,478$157,870$148,825$139,488
7 years$159,953$149,215$139,175$129,794$121,035$112,074
8 years$138,546$127,905$118,031$108,881$100,410$91,826
9 years$121,905$111,364$101,660$92,742$84,560$76,349
10 years$108,600$98,162$88,630$79,945$72,049$64,207
11 years$97,721$87,388$78,028$69,576$61,965$54,485
12 years$88,662$78,435$69,248$61,027$53,697$46,573
13 years$81,002$70,882$61,869$53,878$46,825$40,048
14 years$74,442$64,430$55,589$47,827$41,047$34,607
15 years$68,762$58,858$50,190$42,653$36,141$30,030
16 years$63,797$54,001$45,504$38,191$31,941$26,150
17 years$59,421$49,733$41,407$34,315$28,321$22,838
18 years$55,535$45,955$37,799$30,924$25,182$19,997
19 years$52,063$42,591$34,603$27,943$22,445$17,548
20 years$48,941$39,578$31,757$25,308$20,048$15,428
21 years$46,120$36,865$29,211$22,968$17,941$13,586
22 years$43,560$34,412$26,922$20,883$16,082$11,981
23 years$41,225$32,185$24,858$19,019$14,436$10,579
24 years$39,088$30,155$22,989$17,346$12,975$9,351
25 years$37,125$28,299$21,293$15,842$11,676$8,274
26 years$35,316$26,597$19,748$14,485$10,517$7,327
27 years$33,644$25,031$18,338$13,258$9,482$6,493
28 years$32,094$23,586$17,047$12,147$8,556$5,758
29 years$30,654$22,251$15,864$11,139$7,726$5,109
30 years$29,312$21,014$14,777$10,223$6,981$4,535
31 years$28,059$19,865$13,776$9,389$6,311$4,027
32 years$26,887$18,796$12,853$8,629$5,709$3,578
33 years$25,788$17,800$12,001$7,935$5,167$3,180
34 years$24,756$16,871$11,213$7,301$4,678$2,827
35 years$23,785$16,002$10,483$6,721$4,237$2,514
36 years$22,871$15,188$9,807$6,190$3,839$2,237
37 years$22,007$14,425$9,179$5,703$3,479$1,990
38 years$21,191$13,709$8,596$5,257$3,154$1,771
39 years$20,419$13,036$8,053$4,847$2,860$1,576
40 years$19,687$12,402$7,548$4,471$2,594$1,403
41 years$18,993$11,806$7,078$4,125$2,354$1,249
42 years$18,333$11,244$6,639$3,807$2,136$1,112
43 years$17,706$10,713$6,230$3,514$1,938$990
44 years$17,109$10,212$5,848$3,245$1,759$882
45 years$16,540$9,738$5,491$2,996$1,597$786
46 years$15,998$9,289$5,157$2,768$1,450$700
47 years$15,480$8,865$4,845$2,557$1,317$623
48 years$14,985$8,463$4,553$2,363$1,196$555
49 years$14,512$8,081$4,280$2,184$1,086$495
50 years$14,059$7,720$4,024$2,018$987$441

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 $6,327 every year, while hoping to spend $30,240 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: 35/49/16 Blend
57$14,400,000$14,400,000$14,400,000$14,400,000
58$15,875,326$15,112,126$14,888,926$16,352,506
59$17,462,434$15,820,445$15,355,530$17,408,412
60$19,210,414$16,562,459$15,836,752$18,543,651
61$21,135,642$17,339,785$16,333,049$19,767,901
62$23,256,165$18,154,122$16,844,894$21,089,073
63$25,591,869$19,007,249$17,372,773$22,515,832
64$28,164,668$19,901,032$17,917,188$24,057,673
65$30,998,708$20,837,427$18,478,659$25,725,000
66$34,120,600$21,818,484$19,057,717$27,529,220
67$37,559,666$22,846,354$19,654,915$29,482,838
68$41,348,217$23,923,291$20,270,820$31,599,569
69$45,521,860$25,051,658$20,906,018$33,894,458
70$50,119,833$26,233,932$21,561,113$36,384,014
71$55,185,374$27,472,713$22,236,728$39,086,351
72$60,766,130$28,770,723$22,933,506$42,021,353
73$66,914,606$30,130,819$23,652,109$45,210,850
74$73,688,661$31,555,995$24,393,220$48,678,810
75$81,152,057$33,049,391$25,157,545$52,451,556
76$89,375,054$34,614,299$25,945,810$56,558,000
77$98,435,080$36,254,169$26,758,765$61,029,904
78$108,417,457$37,972,623$27,597,183$65,902,165
79$119,416,209$39,773,453$28,461,860$71,213,131
80$131,534,950$41,660,640$29,353,620$77,004,946
81$144,887,858$43,638,355$30,273,310$83,323,934
82$159,600,758$45,710,972$31,221,804$90,221,019
83$175,812,305$47,883,080$32,200,004$97,752,188
84$193,675,297$50,159,487$33,208,840$105,979,000
85$213,358,113$52,545,237$34,249,272$114,969,150
86$235,046,306$55,045,620$35,322,289$124,797,090
87$258,944,353$57,666,179$36,428,909$135,544,704
88$285,277,586$60,412,731$37,570,187$147,302,065
89$314,294,317$63,291,372$38,747,205$160,168,263
90$346,268,185$66,308,497$39,961,084$174,252,310
91$381,500,737$69,470,810$41,212,978$189,674,152
92$420,324,275$72,785,342$42,504,075$206,565,767
93$463,104,993$76,259,466$43,835,603$225,072,389
94$510,246,435$79,900,913$45,208,829$245,353,849
95$562,193,303$83,717,789$46,625,057$267,586,052
96$619,435,656$87,718,598$48,085,632$291,962,605
97$682,513,537$91,912,252$49,591,945$318,696,615
98$752,022,067$96,308,103$51,145,425$348,022,664
99$828,617,071$100,915,952$52,747,549$380,198,987
100$913,021,261$105,746,082$54,399,840$415,509,869