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%17.4%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,136,953
2 years$600,947$589,755$578,908$568,391$558,190$522,978
3 years$396,652$385,411$374,592$364,174$354,139$320,063
4 years$294,524$283,318$272,607$262,367$252,575$219,898
5 years$233,263$222,125$211,554$201,523$192,003$160,813
6 years$192,436$181,382$170,967$161,159$151,926$122,250
7 years$163,286$152,324$142,074$132,498$123,556$95,395
8 years$141,433$130,570$120,490$111,149$102,502$75,836
9 years$124,445$113,684$103,778$94,674$86,321$61,124
10 years$110,862$100,207$90,476$81,610$73,550$49,785
11 years$99,757$89,209$79,654$71,025$63,256$40,881
12 years$90,509$80,069$70,691$62,299$54,816$33,787
13 years$82,690$72,359$63,158$55,001$47,801$28,069
14 years$75,993$65,772$56,747$48,823$41,902$23,417
15 years$70,195$60,084$51,235$43,542$36,894$19,602
16 years$65,127$55,126$46,452$38,987$32,607$16,455
17 years$60,659$50,769$42,270$35,029$28,911$13,846
18 years$56,692$46,913$38,587$31,569$25,707$11,672
19 years$53,147$43,478$35,324$28,525$22,913$9,856
20 years$49,961$40,402$32,419$25,835$20,466$8,334
21 years$47,081$37,633$29,819$23,447$18,315$7,055
22 years$44,467$35,129$27,483$21,318$16,417$5,978
23 years$42,084$32,856$25,376$19,415$14,737$5,069
24 years$39,903$30,784$23,468$17,708$13,246$4,301
25 years$37,899$28,889$21,736$16,172$11,919$3,652
26 years$36,052$27,151$20,159$14,787$10,736$3,102
27 years$34,345$25,552$18,720$13,535$9,680$2,636
28 years$32,763$24,078$17,402$12,401$8,734$2,241
29 years$31,293$22,714$16,194$11,372$7,887$1,906
30 years$29,923$21,451$15,084$10,436$7,126$1,621
31 years$28,644$20,279$14,063$9,585$6,443$1,379
32 years$27,447$19,188$13,121$8,809$5,828$1,173
33 years$26,326$18,171$12,251$8,100$5,274$999
34 years$25,272$17,222$11,447$7,453$4,775$850
35 years$24,281$16,335$10,702$6,861$4,325$724
36 years$23,347$15,504$10,011$6,319$3,919$616
37 years$22,466$14,725$9,370$5,822$3,552$524
38 years$21,633$13,994$8,775$5,366$3,220$447
39 years$20,844$13,307$8,221$4,948$2,920$380
40 years$20,097$12,661$7,706$4,564$2,648$324
41 years$19,388$12,052$7,225$4,211$2,403$276
42 years$18,715$11,478$6,778$3,886$2,180$235
43 years$18,075$10,936$6,360$3,587$1,979$200
44 years$17,466$10,424$5,970$3,312$1,796$170
45 years$16,885$9,941$5,606$3,059$1,631$145
46 years$16,331$9,483$5,265$2,825$1,480$124
47 years$15,803$9,050$4,946$2,610$1,344$105
48 years$15,298$8,639$4,648$2,412$1,221$90
49 years$14,815$8,250$4,369$2,229$1,109$76
50 years$14,352$7,881$4,107$2,060$1,007$65

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 $6,153 every year, while hoping to spend $31,103 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: 51/39/10 Blend
57$14,700,000$14,700,000$14,700,000$14,700,000
58$16,205,747$15,426,647$15,198,797$16,989,472
59$17,825,640$16,149,459$15,674,863$18,247,733
60$19,609,719$16,906,647$16,165,835$19,611,014
61$21,574,699$17,699,861$16,672,180$21,092,295
62$23,738,998$18,530,834$17,194,378$22,702,686
63$26,122,912$19,401,381$17,732,925$24,454,386
64$28,748,805$20,313,404$18,288,333$26,360,798
65$31,641,321$21,268,899$18,861,131$28,436,641
66$34,827,618$22,269,958$19,451,861$30,698,093
67$38,337,623$23,318,773$20,061,086$33,162,926
68$42,204,312$24,417,645$20,689,384$35,850,676
69$46,464,025$25,568,983$21,337,352$38,782,814
70$51,156,807$26,775,315$22,005,605$41,982,944
71$56,326,787$28,039,291$22,694,778$45,477,017
72$62,022,593$29,363,689$23,405,526$49,293,566
73$68,297,810$30,751,423$24,138,525$53,463,971
74$75,211,491$32,205,547$24,894,469$58,022,741
75$82,828,707$33,729,262$25,674,078$63,007,833
76$91,221,166$35,325,928$26,478,091$68,460,997
77$100,467,891$36,999,064$27,307,272$74,428,165
78$110,655,959$38,752,362$28,162,410$80,959,869
79$121,881,332$40,589,692$29,044,315$88,111,708
80$134,249,754$42,515,113$29,953,826$95,944,860
81$147,877,756$44,532,880$30,891,806$104,526,647
82$162,893,751$46,647,456$31,859,145$113,931,159
83$179,439,251$48,863,518$32,856,764$124,239,936
84$197,670,197$51,185,973$33,885,608$135,542,727
85$217,758,436$53,619,965$34,946,655$147,938,317
86$239,893,341$56,170,887$36,040,912$161,535,450
87$264,283,597$58,844,397$37,169,419$176,453,832
88$291,159,176$61,646,424$38,333,246$192,825,248
89$320,773,501$64,583,188$39,533,499$210,794,788
90$353,405,844$67,661,210$40,771,317$230,522,192
91$389,363,960$70,887,329$42,047,876$252,183,345
92$428,986,991$74,268,715$43,364,387$275,971,911
93$472,648,671$77,812,889$44,722,100$302,101,141
94$520,760,849$81,527,734$46,122,305$330,805,862
95$573,777,383$85,421,521$47,566,329$362,344,671
96$632,198,420$89,502,919$49,055,545$397,002,351
97$696,575,118$93,781,021$50,591,365$435,092,529
98$767,514,852$98,265,364$52,175,248$476,960,614
99$845,686,945$102,965,944$53,808,697$522,987,025
100$931,828,987$107,893,249$55,493,262$573,590,754