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%12.5%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,152,066
2 years$596,859$585,743$574,970$564,524$554,393$542,149
3 years$393,953$382,789$372,043$361,696$351,729$339,780
4 years$292,520$281,391$270,752$260,582$250,856$239,293
5 years$231,677$220,614$210,115$200,152$190,697$179,554
6 years$191,127$180,148$169,804$160,063$150,892$140,183
7 years$162,175$151,288$141,108$131,597$122,716$112,445
8 years$140,471$129,682$119,671$110,393$101,804$91,972
9 years$123,598$112,911$103,072$94,030$85,734$76,336
10 years$110,108$99,526$89,861$81,055$73,050$64,080
11 years$99,078$88,602$79,112$70,542$62,825$54,276
12 years$89,893$79,524$70,210$61,875$54,443$46,307
13 years$82,127$71,867$62,728$54,626$47,475$39,741
14 years$75,476$65,325$56,361$48,491$41,617$34,275
15 years$69,718$59,675$50,887$43,246$36,643$29,682
16 years$64,684$54,751$46,136$38,722$32,385$25,793
17 years$60,246$50,424$41,982$34,791$28,715$22,480
18 years$56,307$46,594$38,324$31,354$25,532$19,641
19 years$52,786$43,183$35,084$28,331$22,757$17,198
20 years$49,621$40,127$32,198$25,659$20,327$15,087
21 years$46,761$37,377$29,616$23,287$18,190$13,256
22 years$44,165$34,890$27,296$21,173$16,305$11,664
23 years$41,798$32,632$25,203$19,283$14,636$10,276
24 years$39,631$30,574$23,309$17,587$13,155$9,062
25 years$37,641$28,692$21,588$16,062$11,838$7,999
26 years$35,807$26,966$20,022$14,686$10,663$7,067
27 years$34,112$25,378$18,592$13,442$9,614$6,248
28 years$32,540$23,914$17,284$12,316$8,675$5,527
29 years$31,080$22,560$16,084$11,294$7,833$4,892
30 years$29,719$21,305$14,982$10,365$7,078$4,332
31 years$28,449$20,141$13,967$9,520$6,399$3,838
32 years$27,261$19,057$13,032$8,749$5,788$3,401
33 years$26,146$18,047$12,168$8,045$5,238$3,015
34 years$25,100$17,105$11,369$7,402$4,743$2,674
35 years$24,116$16,224$10,629$6,814$4,296$2,372
36 years$23,188$15,399$9,943$6,276$3,892$2,105
37 years$22,313$14,625$9,307$5,782$3,528$1,868
38 years$21,485$13,899$8,715$5,330$3,198$1,658
39 years$20,702$13,217$8,165$4,914$2,900$1,472
40 years$19,961$12,575$7,653$4,533$2,630$1,307
41 years$19,257$11,970$7,176$4,182$2,386$1,160
42 years$18,588$11,400$6,732$3,859$2,165$1,031
43 years$17,952$10,862$6,317$3,563$1,965$915
44 years$17,347$10,353$5,929$3,290$1,784$813
45 years$16,770$9,873$5,567$3,038$1,619$722
46 years$16,220$9,418$5,229$2,806$1,470$642
47 years$15,695$8,988$4,913$2,593$1,335$570
48 years$15,193$8,580$4,617$2,396$1,213$507
49 years$14,714$8,194$4,339$2,214$1,101$450
50 years$14,255$7,827$4,080$2,046$1,000$400

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 $4,800 every year, while hoping to spend $57,931 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: 54/37/9 Blend
57$14,600,000$14,600,000$14,600,000$14,600,000
58$16,094,151$15,320,351$15,094,051$16,927,191
59$17,674,116$16,009,410$15,538,064$18,181,217
60$19,413,297$16,730,292$15,995,009$19,538,615
61$21,327,870$17,484,493$16,465,259$21,014,561
62$23,435,665$18,273,585$16,949,197$22,620,308
63$25,756,323$19,099,212$17,447,216$24,368,222
64$28,311,491$19,963,096$17,959,721$26,271,888
65$31,125,019$20,867,043$18,487,127$28,346,241
66$34,223,187$21,812,945$19,029,862$30,607,693
67$37,634,957$22,802,783$19,588,367$33,074,288
68$41,392,238$23,838,636$20,163,093$35,765,864
69$45,530,196$24,922,678$20,754,506$38,704,235
70$50,087,577$26,057,191$21,363,083$41,913,389
71$55,107,081$27,244,564$21,989,317$45,419,707
72$60,635,756$28,487,301$22,633,713$49,252,208
73$66,725,451$29,788,026$23,296,790$53,442,812
74$73,433,298$31,149,490$23,979,083$58,026,634
75$80,822,253$32,574,574$24,681,141$63,042,309
76$88,961,693$34,066,298$25,403,529$68,532,346
77$97,928,065$35,627,827$26,146,828$74,543,520
78$107,805,615$37,262,477$26,911,633$81,127,306
79$118,687,175$38,973,726$27,698,560$88,340,354
80$130,675,043$40,765,215$28,508,238$96,245,013
81$143,881,950$42,640,763$29,341,317$104,909,908
82$158,432,120$44,604,371$30,198,462$114,410,579
83$174,462,445$46,660,235$31,080,360$124,830,179
84$192,123,777$48,812,748$31,987,714$136,260,248
85$211,582,348$51,066,518$32,921,248$148,801,564
86$233,021,344$53,426,375$33,881,707$162,565,082
87$256,642,633$55,897,379$34,869,855$177,672,964
88$282,668,666$58,484,835$35,886,480$194,259,719
89$311,344,581$61,194,303$36,932,389$212,473,458
90$342,940,517$64,031,613$38,008,412$232,477,274
91$377,754,161$67,002,872$39,115,405$254,450,765
92$416,113,557$70,114,485$40,254,243$278,591,714
93$458,380,209$73,373,164$41,425,829$305,117,931
94$504,952,487$76,785,945$42,631,091$334,269,297
95$556,269,387$80,360,203$43,870,979$366,310,001
96$612,814,682$84,103,670$45,146,474$401,531,019
97$675,121,480$88,024,451$46,458,581$440,252,833
98$743,777,261$92,131,040$47,808,334$482,828,434
99$819,429,425$96,432,343$49,196,796$529,646,632
100$902,791,396$100,937,697$50,625,058$581,135,699