Can I retire at age 58 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,153,048
2 years$605,035$593,767$582,846$572,257$561,987$534,809
3 years$399,350$388,033$377,140$366,651$356,548$330,165
4 years$296,528$285,245$274,461$264,151$254,293$228,909
5 years$234,850$223,636$212,993$202,894$193,309$168,996
6 years$193,746$182,615$172,130$162,256$152,959$129,741
7 years$164,396$153,360$143,041$133,399$124,397$102,277
8 years$142,395$131,458$121,310$111,905$103,199$82,170
9 years$125,291$114,458$104,484$95,319$86,909$66,954
10 years$111,617$100,889$91,092$82,165$74,050$55,149
11 years$100,435$89,816$80,196$71,509$63,686$45,811
12 years$91,125$80,614$71,172$62,723$55,189$38,312
13 years$83,252$72,851$63,587$55,375$48,126$32,216
14 years$76,510$66,220$57,133$49,155$42,187$27,211
15 years$70,673$60,493$51,584$43,838$37,144$23,068
16 years$65,570$55,501$46,768$39,252$32,828$19,615
17 years$61,072$51,114$42,557$35,268$29,108$16,722
18 years$57,078$47,232$38,849$31,783$25,881$14,286
19 years$53,509$43,774$35,565$28,719$23,069$12,227
20 years$50,301$40,677$32,639$26,011$20,605$10,481
21 years$47,402$37,889$30,022$23,606$18,439$8,996
22 years$44,770$35,368$27,670$21,463$16,528$7,730
23 years$42,370$33,079$25,548$19,547$14,837$6,648
24 years$40,174$30,993$23,628$17,828$13,336$5,722
25 years$38,157$29,085$21,884$16,282$12,000$4,929
26 years$36,298$27,336$20,296$14,887$10,809$4,248
27 years$34,579$25,726$18,847$13,627$9,745$3,663
28 years$32,986$24,241$17,521$12,485$8,793$3,160
29 years$31,506$22,869$16,305$11,449$7,940$2,727
30 years$30,126$21,597$15,187$10,507$7,175$2,354
31 years$28,839$20,417$14,158$9,650$6,486$2,033
32 years$27,634$19,318$13,210$8,869$5,867$1,756
33 years$26,505$18,295$12,334$8,155$5,310$1,517
34 years$25,444$17,339$11,524$7,504$4,808$1,311
35 years$24,446$16,446$10,775$6,908$4,354$1,133
36 years$23,506$15,610$10,079$6,362$3,945$979
37 years$22,618$14,826$9,434$5,861$3,576$846
38 years$21,780$14,090$8,835$5,403$3,242$732
39 years$20,986$13,398$8,277$4,982$2,940$633
40 years$20,234$12,747$7,758$4,595$2,666$547
41 years$19,520$12,134$7,275$4,239$2,419$473
42 years$18,843$11,556$6,824$3,912$2,195$409
43 years$18,198$11,010$6,403$3,612$1,992$354
44 years$17,585$10,495$6,011$3,335$1,808$306
45 years$17,000$10,008$5,644$3,080$1,642$265
46 years$16,442$9,547$5,301$2,845$1,491$229
47 years$15,910$9,111$4,980$2,628$1,353$198
48 years$15,402$8,698$4,680$2,429$1,229$171
49 years$14,915$8,306$4,399$2,244$1,116$148
50 years$14,450$7,934$4,135$2,075$1,014$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,800,000, adding $3,744 every year, while hoping to spend $38,653 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: 43/35/22 Blend
57$14,800,000$14,800,000$14,800,000$14,800,000
58$16,313,462$15,529,062$15,299,662$16,910,212
59$17,936,309$16,248,859$15,771,074$18,053,749
60$19,723,390$17,002,632$16,256,983$19,287,893
61$21,691,418$17,792,002$16,757,834$20,624,250
62$23,858,806$18,618,674$17,274,085$22,072,275
63$26,245,845$19,484,430$17,806,208$23,642,346
64$28,874,896$20,391,142$18,354,691$25,345,856
65$31,770,598$21,340,770$18,920,035$27,195,315
66$34,960,101$22,335,370$19,502,758$29,204,461
67$38,473,323$23,377,095$20,103,393$31,388,382
68$42,343,234$24,468,205$20,722,488$33,763,656
69$46,606,163$25,611,066$21,360,611$36,348,496
70$51,302,144$26,808,161$22,018,344$39,162,917
71$56,475,293$28,062,091$22,696,289$42,228,915
72$62,174,224$29,375,585$23,395,065$45,570,669
73$68,452,507$30,751,500$24,115,312$49,214,758
74$75,369,175$32,192,836$24,857,687$53,190,408
75$82,989,280$33,702,734$25,622,869$57,529,750
76$91,384,509$35,284,490$26,411,557$62,268,124
77$100,633,855$36,941,557$27,224,471$67,444,394
78$110,824,371$38,677,556$28,062,353$73,101,308
79$122,051,984$40,496,283$28,925,969$79,285,890
80$134,422,405$42,401,719$29,816,108$86,049,874
81$148,052,124$44,398,037$30,733,581$93,450,177
82$163,069,511$46,489,612$31,679,226$101,549,424
83$179,616,028$48,681,030$32,653,907$110,416,530
84$197,847,563$50,977,100$33,658,513$120,127,331
85$217,935,901$53,382,865$34,693,960$130,765,289
86$240,070,348$55,903,610$35,761,193$142,422,265
87$264,459,516$58,544,879$36,861,185$155,199,368
88$291,333,292$61,312,484$37,994,940$169,207,894
89$320,945,008$64,212,516$39,163,491$184,570,360
90$353,573,835$67,251,365$40,367,904$201,421,641
91$389,527,413$70,435,729$41,609,276$219,910,226
92$429,144,762$73,772,632$42,888,739$240,199,598
93$472,799,475$77,269,439$44,207,460$262,469,756
94$520,903,250$80,933,870$45,566,638$286,918,898
95$573,909,775$84,774,023$46,967,514$313,765,261
96$632,319,008$88,798,386$48,411,362$343,249,164
97$696,681,902$93,015,862$49,899,497$375,635,247
98$767,605,601$97,435,785$51,433,276$411,214,949
99$845,759,176$102,067,941$53,014,093$450,309,225
100$931,879,935$106,922,594$54,643,389$493,271,553