Can I retire at age 58 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,136,497
2 years$600,947$589,755$578,908$568,391$558,190$522,527
3 years$396,652$385,411$374,592$364,174$354,139$319,633
4 years$294,524$283,318$272,607$262,367$252,575$219,492
5 years$233,263$222,125$211,554$201,523$192,003$160,432
6 years$192,436$181,382$170,967$161,159$151,926$121,894
7 years$163,286$152,324$142,074$132,498$123,556$95,062
8 years$141,433$130,570$120,490$111,149$102,502$75,527
9 years$124,445$113,684$103,778$94,674$86,321$60,838
10 years$110,862$100,207$90,476$81,610$73,550$49,521
11 years$99,757$89,209$79,654$71,025$63,256$40,638
12 years$90,509$80,069$70,691$62,299$54,816$33,564
13 years$82,690$72,359$63,158$55,001$47,801$27,865
14 years$75,993$65,772$56,747$48,823$41,902$23,230
15 years$70,195$60,084$51,235$43,542$36,894$19,432
16 years$65,127$55,126$46,452$38,987$32,607$16,301
17 years$60,659$50,769$42,270$35,029$28,911$13,706
18 years$56,692$46,913$38,587$31,569$25,707$11,546
19 years$53,147$43,478$35,324$28,525$22,913$9,742
20 years$49,961$40,402$32,419$25,835$20,466$8,231
21 years$47,081$37,633$29,819$23,447$18,315$6,962
22 years$44,467$35,129$27,483$21,318$16,417$5,895
23 years$42,084$32,856$25,376$19,415$14,737$4,995
24 years$39,903$30,784$23,468$17,708$13,246$4,235
25 years$37,899$28,889$21,736$16,172$11,919$3,593
26 years$36,052$27,151$20,159$14,787$10,736$3,050
27 years$34,345$25,552$18,720$13,535$9,680$2,589
28 years$32,763$24,078$17,402$12,401$8,734$2,199
29 years$31,293$22,714$16,194$11,372$7,887$1,869
30 years$29,923$21,451$15,084$10,436$7,126$1,588
31 years$28,644$20,279$14,063$9,585$6,443$1,350
32 years$27,447$19,188$13,121$8,809$5,828$1,148
33 years$26,326$18,171$12,251$8,100$5,274$976
34 years$25,272$17,222$11,447$7,453$4,775$830
35 years$24,281$16,335$10,702$6,861$4,325$706
36 years$23,347$15,504$10,011$6,319$3,919$601
37 years$22,466$14,725$9,370$5,822$3,552$511
38 years$21,633$13,994$8,775$5,366$3,220$435
39 years$20,844$13,307$8,221$4,948$2,920$370
40 years$20,097$12,661$7,706$4,564$2,648$315
41 years$19,388$12,052$7,225$4,211$2,403$268
42 years$18,715$11,478$6,778$3,886$2,180$228
43 years$18,075$10,936$6,360$3,587$1,979$194
44 years$17,466$10,424$5,970$3,312$1,796$165
45 years$16,885$9,941$5,606$3,059$1,631$140
46 years$16,331$9,483$5,265$2,825$1,480$119
47 years$15,803$9,050$4,946$2,610$1,344$102
48 years$15,298$8,639$4,648$2,412$1,221$86
49 years$14,815$8,250$4,369$2,229$1,109$74
50 years$14,352$7,881$4,107$2,060$1,007$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,700,000, adding $6,437 every year, while hoping to spend $58,874 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: 48/28/24 Blend
57$14,700,000$14,700,000$14,700,000$14,700,000
58$16,206,040$15,426,940$15,199,090$16,873,060
59$17,796,414$16,120,218$15,645,618$18,033,591
60$19,547,034$16,845,494$16,105,131$19,286,744
61$21,474,181$17,604,274$16,578,003$20,646,432
62$23,595,798$18,398,133$17,064,617$22,122,703
63$25,931,655$19,228,727$17,565,366$23,726,598
64$28,503,534$20,097,785$18,080,657$25,470,250
65$31,335,442$21,007,124$18,610,906$27,366,993
66$34,453,827$21,958,643$19,156,541$29,431,482
67$37,887,836$22,954,335$19,718,004$31,679,828
68$41,669,584$23,996,287$20,295,747$34,129,746
69$45,834,463$25,086,686$20,890,235$36,800,714
70$50,421,469$26,227,824$21,501,948$39,714,151
71$55,473,573$27,422,102$22,131,378$42,893,616
72$61,038,130$28,672,037$22,779,032$46,365,021
73$67,167,318$29,980,266$23,445,428$50,156,871
74$73,918,637$31,349,552$24,131,103$54,300,526
75$81,355,449$32,782,791$24,836,606$58,830,488
76$89,547,575$34,283,017$25,562,502$63,784,721
77$98,571,954$35,853,412$26,309,372$69,205,004
78$108,513,372$37,497,307$27,077,814$75,137,309
79$119,465,257$39,218,196$27,868,443$81,632,237
80$131,530,565$41,019,740$28,681,888$88,745,478
81$144,822,750$42,905,775$29,518,798$96,538,334
82$159,466,835$44,880,322$30,379,842$105,078,281
83$175,600,588$46,947,594$31,265,703$114,439,605
84$193,375,832$49,112,009$32,177,087$124,704,083
85$212,959,865$51,378,197$33,114,718$135,961,751
86$234,537,050$53,751,007$34,079,341$148,311,738
87$258,310,550$56,235,527$35,071,719$161,863,194
88$284,504,244$58,837,086$36,092,639$176,736,302
89$313,364,845$61,561,271$37,142,911$193,063,405
90$345,164,223$64,413,937$38,223,362$210,990,238
91$380,201,978$67,401,224$39,334,849$230,677,293
92$418,808,259$70,529,564$40,478,246$252,301,313
93$461,346,891$73,805,702$41,654,457$276,056,950
94$508,218,799$77,236,706$42,864,406$302,158,585
95$559,865,799$80,829,988$44,109,046$330,842,335
96$616,774,767$84,593,313$45,389,356$362,368,261
97$679,482,233$88,534,825$46,706,339$397,022,807
98$748,579,448$92,663,060$48,061,029$435,121,486
99$824,717,966$96,986,963$49,454,487$477,011,834
100$908,615,789$101,515,915$50,887,803$523,076,673