Can I retire at age 58 with 14,500,000?

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 $14,500,000?

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$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,148,482
2 years$592,771$581,731$571,031$560,658$550,595$542,761
3 years$391,255$380,167$369,495$359,219$349,320$341,662
4 years$290,517$279,463$268,898$258,797$249,138$241,715
5 years$230,090$219,103$208,676$198,781$189,391$182,225
6 years$189,818$178,914$168,641$158,967$149,859$142,959
7 years$161,064$150,252$140,141$130,695$121,875$115,245
8 years$139,508$128,793$118,851$109,637$101,107$94,747
9 years$122,752$112,138$102,366$93,386$85,147$79,055
10 years$109,354$98,844$89,245$80,500$72,549$66,722
11 years$98,400$87,995$78,570$70,059$62,395$56,829
12 years$89,277$78,980$69,729$61,451$54,070$48,760
13 years$81,565$71,374$62,298$54,252$47,150$42,090
14 years$74,959$64,877$55,975$48,159$41,332$36,516
15 years$69,240$59,267$50,538$42,949$36,392$31,814
16 years$64,240$54,376$45,820$38,457$32,163$27,817
17 years$59,834$50,078$41,695$34,553$28,518$24,396
18 years$55,921$46,275$38,062$31,139$25,357$21,452
19 years$52,424$42,887$34,844$28,137$22,601$18,906
20 years$49,281$39,852$31,978$25,483$20,188$16,694
21 years$46,441$37,121$29,413$23,128$18,066$14,767
22 years$43,862$34,651$27,109$21,028$16,193$13,081
23 years$41,511$32,408$25,030$19,151$14,536$11,603
24 years$39,360$30,365$23,149$17,467$13,065$10,304
25 years$37,383$28,496$21,441$15,952$11,757$9,159
26 years$35,562$26,781$19,885$14,585$10,590$8,149
27 years$33,878$25,204$18,465$13,350$9,548$7,256
28 years$32,317$23,750$17,166$12,232$8,615$6,465
29 years$30,867$22,405$15,974$11,217$7,779$5,764
30 years$29,516$21,160$14,879$10,294$7,029$5,142
31 years$28,254$20,003$13,871$9,454$6,355$4,589
32 years$27,074$18,927$12,942$8,689$5,749$4,097
33 years$25,967$17,924$12,084$7,990$5,202$3,660
34 years$24,928$16,988$11,291$7,352$4,710$3,270
35 years$23,951$16,113$10,556$6,768$4,266$2,923
36 years$23,029$15,293$9,875$6,233$3,865$2,613
37 years$22,160$14,525$9,243$5,743$3,503$2,336
38 years$21,338$13,804$8,656$5,293$3,176$2,090
39 years$20,561$13,126$8,109$4,881$2,880$1,870
40 years$19,824$12,489$7,601$4,502$2,612$1,673
41 years$19,125$11,888$7,127$4,153$2,370$1,497
42 years$18,461$11,322$6,686$3,833$2,151$1,340
43 years$17,829$10,787$6,273$3,538$1,952$1,199
44 years$17,228$10,282$5,889$3,267$1,772$1,074
45 years$16,655$9,805$5,529$3,017$1,608$961
46 years$16,109$9,354$5,193$2,787$1,460$861
47 years$15,588$8,926$4,879$2,575$1,326$771
48 years$15,089$8,521$4,585$2,379$1,204$690
49 years$14,613$8,138$4,310$2,199$1,094$618
50 years$14,157$7,773$4,052$2,032$993$554

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,500,000, adding $4,378 every year, while hoping to spend $28,279 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: 39/42/19 Blend
57$14,500,000$14,500,000$14,500,000$14,500,000
58$15,983,516$15,215,016$14,990,266$16,516,089
59$17,583,746$15,930,463$15,462,351$17,614,058
60$19,346,252$16,680,019$15,949,304$18,797,471
61$21,287,555$17,465,326$16,451,591$20,076,492
62$23,425,863$18,288,105$16,969,697$21,459,799
63$25,781,239$19,150,159$17,504,119$22,956,907
64$28,375,789$20,053,381$18,055,371$24,578,253
65$31,233,877$20,999,754$18,623,984$26,335,284
66$34,382,349$21,991,358$19,210,503$28,240,563
67$37,850,786$23,030,373$19,815,493$30,307,875
68$41,671,790$24,119,085$20,439,536$32,552,352
69$45,881,283$25,259,891$21,083,231$34,990,607
70$50,518,853$26,455,304$21,747,197$37,640,882
71$55,628,121$27,707,958$22,432,074$40,523,213
72$61,257,159$29,020,618$23,138,518$43,659,605
73$67,458,940$30,396,180$23,867,210$47,074,236
74$74,291,841$31,837,681$24,618,850$50,793,670
75$81,820,188$33,348,307$25,394,160$54,847,099
76$90,114,869$34,931,396$26,193,887$59,266,607
77$99,254,002$36,590,451$27,018,799$64,087,461
78$109,323,671$38,329,144$27,869,689$69,348,432
79$120,418,737$40,151,323$28,747,375$75,092,146
80$132,643,738$42,061,027$29,652,701$81,365,476
81$146,113,870$44,062,489$30,586,538$88,219,968
82$160,956,081$46,160,147$31,549,784$95,712,313
83$177,310,263$48,358,657$32,543,363$103,904,866
84$195,330,577$50,662,898$33,568,233$112,866,220
85$215,186,905$53,077,989$34,625,378$122,671,837
86$237,066,455$55,609,296$35,715,814$133,404,739
87$261,175,530$58,262,448$36,840,590$145,156,276
88$287,741,472$61,043,346$38,000,788$158,026,967
89$317,014,810$63,958,178$39,197,522$172,127,431
90$349,271,625$67,013,433$40,431,944$187,579,407
91$384,816,157$70,215,917$41,705,239$204,516,882
92$423,983,674$73,572,766$43,018,634$223,087,334
93$467,143,640$77,091,463$44,373,389$243,453,094
94$514,703,202$80,779,855$45,770,809$265,792,860
95$567,111,033$84,646,172$47,212,235$290,303,353
96$624,861,568$88,699,044$48,699,055$317,201,144
97$688,499,672$92,947,521$50,232,697$346,724,675
98$758,625,782$97,401,094$51,814,636$379,136,473
99$835,901,578$102,069,714$53,446,393$414,725,598
100$921,056,229$106,963,820$55,129,537$453,810,338