Can I retire at age 58 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,151,587
2 years$596,859$585,743$574,970$564,524$554,393$541,668
3 years$393,953$382,789$372,043$361,696$351,729$339,313
4 years$292,520$281,391$270,752$260,582$250,856$238,844
5 years$231,677$220,614$210,115$200,152$190,697$179,123
6 years$191,127$180,148$169,804$160,063$150,892$139,772
7 years$162,175$151,288$141,108$131,597$122,716$112,053
8 years$140,471$129,682$119,671$110,393$101,804$91,598
9 years$123,598$112,911$103,072$94,030$85,734$75,981
10 years$110,108$99,526$89,861$81,055$73,050$63,744
11 years$99,078$88,602$79,112$70,542$62,825$53,958
12 years$89,893$79,524$70,210$61,875$54,443$46,006
13 years$82,127$71,867$62,728$54,626$47,475$39,458
14 years$75,476$65,325$56,361$48,491$41,617$34,008
15 years$69,718$59,675$50,887$43,246$36,643$29,430
16 years$64,684$54,751$46,136$38,722$32,385$25,557
17 years$60,246$50,424$41,982$34,791$28,715$22,258
18 years$56,307$46,594$38,324$31,354$25,532$19,434
19 years$52,786$43,183$35,084$28,331$22,757$17,005
20 years$49,621$40,127$32,198$25,659$20,327$14,906
21 years$46,761$37,377$29,616$23,287$18,190$13,088
22 years$44,165$34,890$27,296$21,173$16,305$11,507
23 years$41,798$32,632$25,203$19,283$14,636$10,130
24 years$39,631$30,574$23,309$17,587$13,155$8,926
25 years$37,641$28,692$21,588$16,062$11,838$7,873
26 years$35,807$26,966$20,022$14,686$10,663$6,950
27 years$34,112$25,378$18,592$13,442$9,614$6,139
28 years$32,540$23,914$17,284$12,316$8,675$5,427
29 years$31,080$22,560$16,084$11,294$7,833$4,799
30 years$29,719$21,305$14,982$10,365$7,078$4,247
31 years$28,449$20,141$13,967$9,520$6,399$3,759
32 years$27,261$19,057$13,032$8,749$5,788$3,329
33 years$26,146$18,047$12,168$8,045$5,238$2,949
34 years$25,100$17,105$11,369$7,402$4,743$2,613
35 years$24,116$16,224$10,629$6,814$4,296$2,316
36 years$23,188$15,399$9,943$6,276$3,892$2,053
37 years$22,313$14,625$9,307$5,782$3,528$1,820
38 years$21,485$13,899$8,715$5,330$3,198$1,614
39 years$20,702$13,217$8,165$4,914$2,900$1,432
40 years$19,961$12,575$7,653$4,533$2,630$1,270
41 years$19,257$11,970$7,176$4,182$2,386$1,127
42 years$18,588$11,400$6,732$3,859$2,165$1,000
43 years$17,952$10,862$6,317$3,563$1,965$887
44 years$17,347$10,353$5,929$3,290$1,784$788
45 years$16,770$9,873$5,567$3,038$1,619$699
46 years$16,220$9,418$5,229$2,806$1,470$621
47 years$15,695$8,988$4,913$2,593$1,335$551
48 years$15,193$8,580$4,617$2,396$1,213$489
49 years$14,714$8,194$4,339$2,214$1,101$434
50 years$14,255$7,827$4,080$2,046$1,000$385

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,600,000, adding $2,579 every year, while hoping to spend $27,852 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: 57/25/18 Blend
57$14,600,000$14,600,000$14,600,000$14,600,000
58$16,091,860$15,318,060$15,091,760$16,932,419
59$17,703,596$16,039,011$15,567,700$18,224,891
60$19,478,795$16,794,355$16,058,650$19,629,456
61$21,434,101$17,585,747$16,565,084$21,159,491
62$23,587,855$18,414,925$17,087,491$22,827,061
63$25,960,268$19,283,708$17,626,373$24,645,433
64$28,573,610$20,194,004$18,182,251$26,629,194
65$31,452,423$21,147,815$18,755,662$28,794,383
66$34,623,751$22,147,239$19,347,157$31,158,642
67$38,117,394$23,194,474$19,957,307$33,741,371
68$41,966,193$24,291,827$20,586,701$36,563,914
69$46,206,334$25,441,717$21,235,946$39,649,748
70$50,877,698$26,646,679$21,905,667$43,024,705
71$56,024,227$27,909,370$22,596,511$46,717,205
72$61,694,348$29,232,579$23,309,144$50,758,521
73$67,941,425$30,619,228$24,044,253$55,183,067
74$74,824,262$32,072,382$24,802,548$60,028,718
75$82,407,662$33,595,254$25,584,758$65,337,156
76$90,763,035$35,191,214$26,391,640$71,154,263
77$99,969,076$36,863,794$27,223,970$77,530,538
78$110,112,501$38,616,699$28,082,553$84,521,575
79$121,288,872$40,453,814$28,968,214$92,188,573
80$133,603,498$42,379,211$29,881,810$100,598,906
81$147,172,425$44,397,163$30,824,221$109,826,753
82$162,123,535$46,512,147$31,796,356$119,953,786
83$178,597,755$48,728,861$32,799,152$131,069,931
84$196,750,379$51,052,229$33,833,577$143,274,208
85$216,752,544$53,487,414$34,900,629$156,675,654
86$238,792,839$56,039,833$36,001,336$171,394,341
87$263,079,088$58,715,164$37,136,759$187,562,498
88$289,840,309$61,519,362$38,307,995$205,325,748
89$319,328,881$64,458,671$39,516,173$224,844,465
90$351,822,920$67,539,638$40,762,458$246,295,282
91$387,628,909$70,769,132$42,048,052$269,872,736
92$427,084,591$74,154,353$43,374,195$295,791,097
93$470,562,154$77,702,851$44,742,165$324,286,370
94$518,471,750$81,422,547$46,153,284$355,618,509
95$571,265,361$85,321,744$47,608,911$390,073,853
96$629,441,068$89,409,150$49,110,450$427,967,814
97$693,547,757$93,693,899$50,659,351$469,647,831
98$764,190,295$98,185,566$52,257,105$515,496,637
99$842,035,243$102,894,197$53,905,256$565,935,846
100$927,817,148$107,830,323$55,605,392$621,429,913