Can I retire at age 58 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,173,300
2 years$609,123$597,778$586,784$576,124$565,784$550,845
3 years$402,048$390,655$379,688$369,128$358,957$344,389
4 years$298,531$287,173$276,316$265,936$256,011$241,928
5 years$236,437$225,147$214,432$204,264$194,615$181,057
6 years$195,055$183,849$173,293$163,352$153,993$140,976
7 years$165,507$154,396$144,007$134,301$125,237$112,767
8 years$143,357$132,346$122,130$112,661$103,896$91,971
9 years$126,138$115,231$105,190$95,963$87,496$76,111
10 years$112,371$101,571$91,707$82,721$74,551$63,698
11 years$101,114$90,422$80,738$71,992$64,116$53,786
12 years$91,740$81,158$71,653$63,146$55,562$45,742
13 years$83,815$73,343$64,017$55,749$48,451$39,130
14 years$77,027$66,667$57,519$49,488$42,472$33,636
15 years$71,150$60,902$51,932$44,134$37,395$29,030
16 years$66,013$55,876$47,084$39,517$33,050$25,139
17 years$61,484$51,460$42,845$35,506$29,305$21,833
18 years$57,464$47,551$39,112$31,998$26,056$19,008
19 years$53,870$44,070$35,805$28,913$23,225$16,584
20 years$50,640$40,952$32,860$26,186$20,745$14,495
21 years$47,722$38,145$30,225$23,766$18,564$12,688
22 years$45,072$35,607$27,857$21,609$16,640$11,122
23 years$42,657$33,303$25,721$19,679$14,937$9,761
24 years$40,446$31,202$23,787$17,949$13,426$8,575
25 years$38,415$29,282$22,032$16,392$12,081$7,540
26 years$36,543$27,520$20,434$14,988$10,882$6,634
27 years$34,813$25,900$18,974$13,719$9,811$5,842
28 years$33,209$24,405$17,639$12,569$8,853$5,147
29 years$31,718$23,023$16,415$11,526$7,994$4,537
30 years$30,330$21,743$15,290$10,578$7,223$4,002
31 years$29,034$20,555$14,254$9,715$6,530$3,531
32 years$27,821$19,449$13,299$8,929$5,907$3,116
33 years$26,684$18,418$12,418$8,211$5,346$2,751
34 years$25,616$17,456$11,602$7,554$4,840$2,430
35 years$24,611$16,557$10,847$6,954$4,384$2,146
36 years$23,665$15,715$10,147$6,405$3,972$1,896
37 years$22,771$14,926$9,498$5,901$3,600$1,676
38 years$21,927$14,185$8,894$5,439$3,264$1,481
39 years$21,128$13,488$8,333$5,015$2,960$1,309
40 years$20,371$12,833$7,811$4,626$2,685$1,157
41 years$19,652$12,216$7,324$4,268$2,435$1,023
42 years$18,970$11,634$6,870$3,939$2,210$905
43 years$18,321$11,085$6,447$3,636$2,006$800
44 years$17,703$10,566$6,051$3,357$1,821$708
45 years$17,115$10,076$5,682$3,100$1,653$626
46 years$16,553$9,612$5,337$2,864$1,501$554
47 years$16,018$9,173$5,014$2,646$1,363$490
48 years$15,506$8,757$4,711$2,445$1,237$433
49 years$15,016$8,362$4,428$2,260$1,124$383
50 years$14,548$7,988$4,163$2,089$1,021$339

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $14,900,000, adding $5,402 every year, while hoping to spend $55,991 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: 48/42/10 Blend
57$14,900,000$14,900,000$14,900,000$14,900,000
58$16,425,372$15,635,672$15,404,722$17,168,801
59$18,041,186$16,342,246$15,861,206$18,386,731
60$19,819,937$17,081,566$16,331,106$19,702,049
61$21,778,184$17,855,176$16,814,812$21,128,853
62$23,934,176$18,664,697$17,312,725$22,677,550
63$26,308,019$19,511,824$17,825,259$24,359,566
64$28,921,870$20,398,337$18,352,838$26,187,448
65$31,800,143$21,326,097$18,895,900$28,174,977
66$34,969,738$22,297,057$19,454,894$30,337,289
67$38,460,301$23,313,263$20,030,283$32,691,013
68$42,304,497$24,376,857$20,622,542$35,254,423
69$46,538,319$25,490,087$21,232,161$38,047,597
70$51,201,433$26,655,306$21,859,643$41,092,607
71$56,337,545$27,874,982$22,505,507$44,413,711
72$61,994,817$29,151,699$23,170,284$48,037,581
73$68,226,323$30,488,166$23,854,523$51,993,540
74$75,090,545$31,887,224$24,558,787$56,313,833
75$82,651,930$33,351,847$25,283,655$61,033,919
76$90,981,493$34,885,154$26,029,725$66,192,801
77$100,157,493$36,490,414$26,797,608$71,833,376
78$110,266,165$38,171,053$27,587,936$78,002,834
79$121,402,539$39,930,659$28,401,357$84,753,092
80$133,671,334$41,772,997$29,238,538$92,141,268
81$147,187,946$43,702,011$30,100,165$100,230,211
82$162,079,541$45,721,833$30,986,944$109,089,081
83$178,486,248$47,836,797$31,899,601$118,793,986
84$196,562,489$50,051,443$32,838,882$129,428,686
85$216,478,432$52,370,533$33,805,553$141,085,370
86$238,421,598$54,799,055$34,800,405$153,865,510
87$262,598,631$57,342,239$35,824,249$167,880,800
88$289,237,250$60,005,567$36,877,920$183,254,196
89$318,588,395$62,794,786$37,962,276$200,121,056
90$350,928,598$65,715,917$39,078,199$218,630,399
91$386,562,595$68,775,277$40,226,598$238,946,295
92$425,826,196$71,979,482$41,408,405$261,249,387
93$469,089,462$75,335,471$42,624,581$285,738,579
94$516,760,195$78,850,516$43,876,112$312,632,887
95$569,287,786$82,532,243$45,164,013$342,173,486
96$627,167,460$86,388,643$46,489,328$374,625,960
97$690,944,949$90,428,094$47,853,128$410,282,782
98$761,221,643$94,659,380$49,256,518$449,466,047
99$838,660,271$99,091,710$50,700,631$492,530,486
100$923,991,149$103,734,735$52,186,633$539,866,783