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%17.3%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,137,410
2 years$600,947$589,755$578,908$568,391$558,190$523,428
3 years$396,652$385,411$374,592$364,174$354,139$320,494
4 years$294,524$283,318$272,607$262,367$252,575$220,305
5 years$233,263$222,125$211,554$201,523$192,003$161,196
6 years$192,436$181,382$170,967$161,159$151,926$122,608
7 years$163,286$152,324$142,074$132,498$123,556$95,728
8 years$141,433$130,570$120,490$111,149$102,502$76,146
9 years$124,445$113,684$103,778$94,674$86,321$61,411
10 years$110,862$100,207$90,476$81,610$73,550$50,050
11 years$99,757$89,209$79,654$71,025$63,256$41,126
12 years$90,509$80,069$70,691$62,299$54,816$34,012
13 years$82,690$72,359$63,158$55,001$47,801$28,275
14 years$75,993$65,772$56,747$48,823$41,902$23,604
15 years$70,195$60,084$51,235$43,542$36,894$19,773
16 years$65,127$55,126$46,452$38,987$32,607$16,611
17 years$60,659$50,769$42,270$35,029$28,911$13,987
18 years$56,692$46,913$38,587$31,569$25,707$11,800
19 years$53,147$43,478$35,324$28,525$22,913$9,972
20 years$49,961$40,402$32,419$25,835$20,466$8,438
21 years$47,081$37,633$29,819$23,447$18,315$7,148
22 years$44,467$35,129$27,483$21,318$16,417$6,062
23 years$42,084$32,856$25,376$19,415$14,737$5,144
24 years$39,903$30,784$23,468$17,708$13,246$4,369
25 years$37,899$28,889$21,736$16,172$11,919$3,712
26 years$36,052$27,151$20,159$14,787$10,736$3,156
27 years$34,345$25,552$18,720$13,535$9,680$2,684
28 years$32,763$24,078$17,402$12,401$8,734$2,284
29 years$31,293$22,714$16,194$11,372$7,887$1,944
30 years$29,923$21,451$15,084$10,436$7,126$1,654
31 years$28,644$20,279$14,063$9,585$6,443$1,409
32 years$27,447$19,188$13,121$8,809$5,828$1,200
33 years$26,326$18,171$12,251$8,100$5,274$1,022
34 years$25,272$17,222$11,447$7,453$4,775$870
35 years$24,281$16,335$10,702$6,861$4,325$742
36 years$23,347$15,504$10,011$6,319$3,919$632
37 years$22,466$14,725$9,370$5,822$3,552$538
38 years$21,633$13,994$8,775$5,366$3,220$459
39 years$20,844$13,307$8,221$4,948$2,920$391
40 years$20,097$12,661$7,706$4,564$2,648$333
41 years$19,388$12,052$7,225$4,211$2,403$284
42 years$18,715$11,478$6,778$3,886$2,180$242
43 years$18,075$10,936$6,360$3,587$1,979$206
44 years$17,466$10,424$5,970$3,312$1,796$176
45 years$16,885$9,941$5,606$3,059$1,631$150
46 years$16,331$9,483$5,265$2,825$1,480$128
47 years$15,803$9,050$4,946$2,610$1,344$109
48 years$15,298$8,639$4,648$2,412$1,221$93
49 years$14,815$8,250$4,369$2,229$1,109$79
50 years$14,352$7,881$4,107$2,060$1,007$67

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 $2,534 every year, while hoping to spend $33,593 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: 65/19/16 Blend
57$14,700,000$14,700,000$14,700,000$14,700,000
58$16,202,014$15,422,914$15,195,064$17,191,888
59$17,818,877$16,142,894$15,668,356$18,574,915
60$19,599,533$16,897,027$16,156,377$20,081,496
61$21,560,656$17,686,952$16,659,586$21,726,992
62$23,720,615$18,514,384$17,178,454$23,524,984
63$26,099,654$19,381,125$17,713,469$25,490,410
64$28,720,080$20,289,062$18,265,132$27,639,708
65$31,606,476$21,240,174$18,833,961$29,990,967
66$34,785,927$22,236,533$19,420,489$32,564,091
67$38,288,284$23,280,315$20,025,268$35,380,985
68$42,146,438$24,373,800$20,648,863$38,465,757
69$46,396,635$25,519,377$21,291,861$41,844,945
70$51,078,817$26,719,551$21,954,864$45,547,758
71$56,236,998$27,976,951$22,638,493$49,606,348
72$61,919,680$29,294,330$23,343,391$54,056,114
73$68,180,311$30,674,575$24,070,218$58,936,025
74$75,077,788$32,120,715$24,819,655$64,288,986
75$82,677,015$33,635,922$25,592,406$70,162,235
76$91,049,513$35,223,525$26,389,194$76,607,788
77$100,274,099$36,887,013$27,210,768$83,682,918
78$110,437,625$38,630,045$28,057,897$91,450,696
79$121,635,801$40,456,455$28,931,374$99,980,574
80$133,974,097$42,370,266$29,832,020$109,349,037
81$147,568,740$44,375,694$30,760,678$119,640,320
82$162,547,810$46,477,161$31,718,218$130,947,190
83$179,052,446$48,679,302$32,705,539$143,371,819
84$197,238,185$50,986,978$33,723,564$157,026,739
85$217,276,426$53,405,285$34,773,249$172,035,897
86$239,356,045$55,939,567$35,855,576$188,535,814
87$263,685,183$58,595,429$36,971,560$206,676,866
88$290,493,211$61,378,744$38,122,247$226,624,693
89$320,032,891$64,295,674$39,308,713$248,561,757
90$352,582,762$67,352,679$40,532,072$272,689,048
91$388,449,776$70,556,532$41,793,469$299,227,973
92$427,972,188$73,914,337$43,094,085$328,422,436
93$471,522,752$77,433,541$44,435,138$360,541,128
94$519,512,243$81,121,954$45,817,885$395,880,051
95$572,393,328$84,987,765$47,243,620$434,765,296
96$630,664,844$89,039,563$48,713,678$477,556,115
97$694,876,509$93,286,352$50,229,437$524,648,290
98$765,634,104$97,737,575$51,792,314$576,477,863
99$843,605,200$102,403,134$53,403,775$633,525,228
100$929,525,456$107,293,412$55,065,326$696,319,658