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

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,116,114
2 years$592,771$581,731$571,031$560,658$550,595$510,574
3 years$391,255$380,167$369,495$359,219$349,320$310,671
4 years$290,517$279,463$268,898$258,797$249,138$212,156
5 years$230,090$219,103$208,676$198,781$189,391$154,174
6 years$189,818$178,914$168,641$158,967$149,859$116,434
7 years$161,064$150,252$140,141$130,695$121,875$90,236
8 years$139,508$128,793$118,851$109,637$101,107$71,229
9 years$122,752$112,138$102,366$93,386$85,147$56,991
10 years$109,354$98,844$89,245$80,500$72,549$46,070
11 years$98,400$87,995$78,570$70,059$62,395$37,538
12 years$89,277$78,980$69,729$61,451$54,070$30,778
13 years$81,565$71,374$62,298$54,252$47,150$25,362
14 years$74,959$64,877$55,975$48,159$41,332$20,982
15 years$69,240$59,267$50,538$42,949$36,392$17,416
16 years$64,240$54,376$45,820$38,457$32,163$14,494
17 years$59,834$50,078$41,695$34,553$28,518$12,088
18 years$55,921$46,275$38,062$31,139$25,357$10,100
19 years$52,424$42,887$34,844$28,137$22,601$8,452
20 years$49,281$39,852$31,978$25,483$20,188$7,081
21 years$46,441$37,121$29,413$23,128$18,066$5,939
22 years$43,862$34,651$27,109$21,028$16,193$4,985
23 years$41,511$32,408$25,030$19,151$14,536$4,187
24 years$39,360$30,365$23,149$17,467$13,065$3,520
25 years$37,383$28,496$21,441$15,952$11,757$2,960
26 years$35,562$26,781$19,885$14,585$10,590$2,490
27 years$33,878$25,204$18,465$13,350$9,548$2,096
28 years$32,317$23,750$17,166$12,232$8,615$1,764
29 years$30,867$22,405$15,974$11,217$7,779$1,485
30 years$29,516$21,160$14,879$10,294$7,029$1,251
31 years$28,254$20,003$13,871$9,454$6,355$1,054
32 years$27,074$18,927$12,942$8,689$5,749$888
33 years$25,967$17,924$12,084$7,990$5,202$748
34 years$24,928$16,988$11,291$7,352$4,710$630
35 years$23,951$16,113$10,556$6,768$4,266$531
36 years$23,029$15,293$9,875$6,233$3,865$448
37 years$22,160$14,525$9,243$5,743$3,503$377
38 years$21,338$13,804$8,656$5,293$3,176$318
39 years$20,561$13,126$8,109$4,881$2,880$268
40 years$19,824$12,489$7,601$4,502$2,612$226
41 years$19,125$11,888$7,127$4,153$2,370$191
42 years$18,461$11,322$6,686$3,833$2,151$161
43 years$17,829$10,787$6,273$3,538$1,952$135
44 years$17,228$10,282$5,889$3,267$1,772$114
45 years$16,655$9,805$5,529$3,017$1,608$96
46 years$16,109$9,354$5,193$2,787$1,460$81
47 years$15,588$8,926$4,879$2,575$1,326$68
48 years$15,089$8,521$4,585$2,379$1,204$58
49 years$14,613$8,138$4,310$2,199$1,094$49
50 years$14,157$7,773$4,052$2,032$993$41

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 $6,602 every year, while hoping to spend $54,247 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: 55/16/29 Blend
57$14,500,000$14,500,000$14,500,000$14,500,000
58$15,985,810$15,217,310$14,992,560$16,736,066
59$17,558,644$15,905,240$15,437,092$17,942,809
60$19,290,089$16,625,060$15,894,698$19,250,338
61$21,196,267$17,378,276$16,365,759$20,673,414
62$23,294,939$18,166,465$16,850,665$22,223,185
63$25,605,681$18,991,280$17,349,821$23,911,914
64$28,150,061$19,854,453$17,863,640$25,753,088
65$30,951,844$20,757,798$18,392,549$27,761,545
66$34,037,219$21,703,217$18,936,986$29,953,607
67$37,435,043$22,692,702$19,497,403$32,347,235
68$41,177,115$23,728,342$20,074,263$34,962,192
69$45,298,475$24,812,325$20,668,046$37,820,227
70$49,837,735$25,946,944$21,279,240$40,945,273
71$54,837,441$27,134,602$21,908,352$44,363,675
72$60,344,480$28,377,818$22,555,902$48,104,427
73$66,410,516$29,679,230$23,222,423$52,199,447
74$73,092,481$31,041,604$23,908,467$56,683,871
75$80,453,111$32,467,840$24,614,597$61,596,379
76$88,561,539$33,960,974$25,341,397$66,979,558
77$97,493,946$35,524,193$26,089,464$72,880,294
78$107,334,281$37,160,831$26,859,414$79,350,215
79$118,175,054$38,874,387$27,651,880$86,446,165
80$130,118,204$40,668,527$28,467,513$94,230,744
81$143,276,068$42,547,092$29,306,982$102,772,882
82$157,772,438$44,514,110$30,170,977$112,148,493
83$173,743,726$46,573,802$31,060,205$122,441,178
84$191,340,259$48,730,591$31,975,394$133,743,010
85$210,727,691$50,989,115$32,917,295$146,155,396
86$232,088,568$53,354,235$33,886,678$159,790,023
87$255,624,055$55,831,045$34,884,334$174,769,911
88$281,555,828$58,424,886$35,911,079$191,230,559
89$310,128,173$61,141,356$36,967,750$209,321,220
90$341,610,287$63,986,323$38,055,211$229,206,296
91$376,298,822$66,965,938$39,174,345$251,066,887
92$414,520,682$70,086,649$40,326,066$275,102,486
93$456,636,113$73,355,216$41,511,310$301,532,853
94$503,042,098$76,778,723$42,731,041$330,600,078
95$554,176,110$80,364,599$43,986,249$362,570,858
96$610,520,239$84,120,630$45,277,954$397,738,999
97$672,605,742$88,054,979$46,607,204$436,428,181
98$741,018,057$92,176,203$47,975,075$478,994,998
99$816,402,334$96,493,272$49,382,675$525,832,313
100$899,469,522$101,015,591$50,831,144$577,372,952